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EP142 Robert Tercek on the Metaverse

The Jim Rutt Show

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The Digital Economy Is a Smart Phon

In our society to day, we value humans by their economic output. But what the smart phone does is it extracts value from other things. It's actually had a deflationary effect on the economy. So much stuff is available for freet part of the reason that happens is that an entire new economy has arisen around data. You might not be paying cash, but you're paying attention and you're paying in data. In some respects, those are more valuable than the cash because the companies that run the platforms can monetize some place else. We don't have a proper understanding of them right now; they aren't properly measured. Svelte digital world could lead to real-world revolution

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