The K-Hole Economy & The Permanent Underclass
summary
Argues the economy is a dissociated, K-hole economy where capital lifts away from material labor, citing Axie Infinity’s token collapse, the PoW→PoS shift as an abstraction example, and the SpaceX IPO’s detachment from fundamentals. Proposes adding deep compute — more input per transaction rather than more raw cycles — and mentions a product, GasKiller (gaskiller.xyz), as an experimental attempt to embed richer inputs on-chain. Frames lift (capital moving farther from material reality) as the core problem driving a permanent underclass.
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chapters (8)
- 0:00Introduction
- 3:15K-shaped economy metaphor
- 6:49Tech elites vs labor
- 11:21Dissociative economy properties
- 18:03Exocapitalism and lift
- 24:43Labor-capital breakdown
- 27:30Deep compute and bargaining
- 30:18Anti-memes and conclusions
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