The smartest analogy on AI you’ll hear this decade:

The people who invented refrigeration made some money. But Coca Cola used refrigeration to build an empire.

Chamath says LLMs are the refrigeration of our era. The real value is in the companies built on top of them.

Here is the part no one talks about:

The same logic applies to #Bitcoin. The protocol is the settlement layer. The empires will be built by the products that use it as their foundation.

Tech revolutions don’t reward the inventors. They reward the builders who see the second order effect before everyone else.

Question is, are you looking at the invention or the empire it will enable?