The alternative store of value thesis

The TAM of the debasement problem: 30tn$

The amount of talents building solutions: less than 10

What does the market for fiat debasement solutions look like?

As bonds are no longer a safe haven and can't beat inflation, people are in search of new safe assets, and the economy is starting to change, big time.
Who will build the future of gold ?
One approach is useful pow /digital commodities- networks that encourage the production of resources the internet need: zk proofs and , ai workloads primarly.
The other approach is privacy: zk tech and private money maturing and useful in times of capital control
hence new POW chains and privacy coins are receiving more attention as new forms of store-of-value assets.
zk Cryptography is the last 1000x frontier in crypto, and the only one who is difficult, impactful, and novel enough to suck away meaningful talent from AI; and once this is realized, much more capital will go towards themai
I expect value to flow from bonds into other assets, and the market for store of value assets to expand beyond gold and BTC.

The market for store-of-value assets :

i believe we are witnessing a return of store of value alternatives in the form of useful POW and privacy coins.

a number of societal threads

1] AI Incentive Mechanisms - Bittensor the first 'in the wild' mechanism 2] Dan Boneh - validating AI incentive mechanisms’ validity (evaluating ambient auction processes) 3] Job market disruption (TPG: margin expansion is an AI-driven phenomenon). Monetary policy implications of AI (lower rates due to unemployment?). And new human earning mechanisms linked to AI (Worldcoin, post fiat) 4] The Health Revolution (Fred Ehrsam, other crypto ppl hard pivot). Due to AI this is the first time in history money might be able to buy time (Bryan Johnson Don't Die)