Farley on Nostr: I can picture it: arriving on Earth as part of the first or second generation, full ...
I can picture it: arriving on Earth as part of the first or second generation, full of wonder and anticipation about what this new world has to offer. Then, out of nowhere, a guy named Larry Fink steps forward, with an air of authority and excitement, holding a piece of paper covered in complex jargon. He declares, "This is a derivative—a revolutionary tool to generate real wealth!"
It's almost comical. Here we are in a fresh world, brimming with untapped resources and infinite potential, where the simplest act—growing food, building shelter, creating art—would seem like the essence of wealth itself. And yet, here’s Larry, convincing everyone that true wealth can be achieved not by producing something tangible but by leveraging an abstraction built upon abstractions. He’s selling a promise of wealth that’s several layers removed from reality, almost as if he’s introducing a game within a game.
In that moment, you might wonder if people will actually buy into this vision or if they’ll laugh at the absurdity of it. But as we’ve seen, in our current world, derivatives and financial instruments have become a central narrative, so woven into the fabric of economies that many have come to mistake these tools for actual wealth. It’s a surreal, almost dystopian image: wealth defined not by what’s real but by clever layers of illusion.
It's almost comical. Here we are in a fresh world, brimming with untapped resources and infinite potential, where the simplest act—growing food, building shelter, creating art—would seem like the essence of wealth itself. And yet, here’s Larry, convincing everyone that true wealth can be achieved not by producing something tangible but by leveraging an abstraction built upon abstractions. He’s selling a promise of wealth that’s several layers removed from reality, almost as if he’s introducing a game within a game.
In that moment, you might wonder if people will actually buy into this vision or if they’ll laugh at the absurdity of it. But as we’ve seen, in our current world, derivatives and financial instruments have become a central narrative, so woven into the fabric of economies that many have come to mistake these tools for actual wealth. It’s a surreal, almost dystopian image: wealth defined not by what’s real but by clever layers of illusion.