7 mind-blowing predictions

 I'm reading a pretty crazy book right now.

It was written 25 years ago and predicted: - Bitcoin - Metaverse - Remote work & much more Here are 7 mind-blowing predictions & a full-proof formula to start calling shots

Meet James Dale Davidson & William Rees-Mogg. Davidson is a careerlong crisis investor. Rees-Mogg was a careerlong journalist. Together, they wrote "The Sovereign Individual" in 1997

Bitcoin Prediction "As cybercommerce begins, it will lead inevitably to cybermoney." "Liberating the holders of wealth from expropriation through inflation." "It will be tradable at a keystroke in a multitrillion-dollar wholesale market without borders.

Metaverse Prediction "As the bandwidth revolution unfolds, it will draw people more and more into the borderless virtual world of online communities and cybercommerce, a world with enough graphic density to become the "metaverse"

SF to Miami Prediction "In the age of the virtual corporation, individuals will choose to domicile their income-earning activities in a jurisdiction that provides the best service at the lowest cost.

Niche Media Prediction "The mass media will become the individualized media." "If you are interested in chess above all else, or are a keen cat fancier, you will be able to program your evening news broadcast to feature information important to you about cats or chess."

Wealth Inequality Prediction "At the top of society is a small group, perhaps 5 percent, of highly educated information workers or capital owners who are the Information Age equivalent of the landed aristocracy of the feudal age" "The rewards for rare skills have increased."

Pandemic Prediction "The unprecedented bulge in human population in the 20th century creates a tempting target for rapidly mutating microparasites." "Fears about the Ebola virus, or something like it, invading metropolitan populations may be well founded."

Future of Work Prediction "Virtual corporations whose domicile in any jurisdiction will be entirely contingent on the spot market." "Microtechnology has started replacing 'stupid' machines with more intelligent technology capable of highly variable output."

So, how did they do it? A 3-step formula for making bold, educated predictions...

Step 1: How is tech evolving? This book explored that question at various points in history. - The invention of the stirrup - The advent of farming - The introduction of printing - The creation of the microprocessor

Step 2: How will people behave based on incentives? Let's use the stirrup example. This invention led to the armed knight. That led to a greater possibility of violence. Which led to people wanting protection. Bringing about the church as an institution.

Step 3: Who wins/loses from ∆ in technology & behavior? Rules of thumb: - If tech violence, government - If tech violence, government - If tech government's power over people, government - If tech government's power over people, government