Richard Kramer: So I thought Yoshio did a terrific job in his podcast discussion with us of talking about all the reasons why one company is not going to dominate, and that it really needs to be a collective set of experiences that many companies can engage with. Will Page: … you engage with the internet and you own platforms that sit on top of the internet, but what's your take when you hear, you know, leaders of industry say they plan to own the metaverse? The right to win, the right to own a particular sector.Īnd one of the recurring themes we've had in our conversations with these three guests from the metaverse is you don't own it, yet some people are out there touting the fact that they plan to own it. Will Page: Now of all the rants I've heard you give me over the years, whether it's running on the heat or in podcast studios, one of my favorite ones is where you talk about aspiring CEOs telling their investment community that they own something. I really don't have a lot of track or time other than as philosophical disquisitions or exercises in your freshman philosophy class or what have you for the notion that we're all living in a simulation, and somehow we've already entered the metaverse, we just don't realize the computers are playing us instead of us playing with and on and with, and, and engaging the computers. If you scream out in pain, you'll know you're not in the metaverse. Pick up a pair of scissors or a pencil or anything like that, don't try this at home by the way, and just jab it into your thigh. Richard Kramer: So there is a simple test for whether you are in the metaverse. Now, what is it not? What do you hear in terms of definitions getting bended around where you're like, "That ain't the metaverse, that's never going to be the metaverse?" But it is a digital environment in which users can come together and interact. It could be for doing training and seminars or education. And they're be supporting a range of use cases, if you want to call it that. Richard Kramer: So a simple definition of what the metaverse might become would be a digital environment where many types of users and they may be computers or they may be individuals, can interact with one another. But I want to ask you the same question that I've asked each of our guests, which is what in your opinion is a simple definition of what the metaverse is? And more importantly, what the metaverse isn't? We have had three incredible guests, very privileged to have these three guests on. Richard Kramer: Spoken like a true Scotsman. Will Page: Oh by the way, I should say that the, the transcripts of Bubble Trouble, when I say the word look, the automated spell that word L-U-K-E. Richard Kramer: Thank you, Will, and your spelling is as good as ever with trooths. Richard, welcome back to Bubble Trouble, sir. So what I really want to do is to quiz Richard if, if he was at the casino sitting behind Zuckerberg watching him putting all his chips on metaverse, would he be leaning over and moving his arm in the same direction or would he be face palming himself thinking, "Whoopsie, this isn't gonna work out well?" Let's get back to that more in a moment. Our Meta troubles investigation on Bubble Trouble. Now this week, we're going to blow the halftime whistle on our travels into the metaverse. That's me, and the independent analyst Richard Kramer, where we lay out some inconvenient T-R-O-O-T-H-S, trooths about how the financial markets really work. The conversations between the economist and author Will Page. ![]() Will Page: Welcome back to Bubble Trouble.
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