In this episode, Matthew Ball explains what the metaverse is, why it's important, and what it means for the future of the world. Plus, he gives us a sneak peek into Ready Player One, the new video game from Steven Spielberg's 1984 classic, The Oasis.
00:05:25.020WhatsApp is a utility for your real life.
00:05:27.500The metaverse is more focused around a parallel virtual existence.
00:05:31.620That's why people talk about the idea that you won't use your iPad for labor in the real world.
00:05:37.380You will actually perform said labor in a virtual one.
00:05:40.940That's entirely on the like Amazon today.
00:05:42.800So you lost me a bit on the, you're buying shoes for the real world and in the metaverse, it's virtual shoes for, I guess, my virtual feet.
00:05:55.000I don't, this is where this becomes confusing to me because I see people buying digital property.
00:06:02.500And I've got a ton of questions on that and we'll get into that later.
00:08:25.500So in other words, this is like when it's like if you go to Amazon and you buy a movie, all of a sudden, a few years later, it can be gone because they don't hold the rights.
00:08:41.300And there's a very funny example where Amazon overnight actually deleted copies of 1984 of all things from Kindle users because it turned out they had exactly what you mentioned.
00:08:53.000It's not that they don't have the right to license it to you in perpetuity.
00:08:56.900It turned out they didn't have the right to sell it in the first place.
00:09:03.920So the problem with that is were you to take anything and store it on your computer, well, then you have the problem of you've taken data possession, but the entire world can disagree that you have it.
00:09:16.040And so the way that NFTs work is they say the only way to ensure that Glenn has possession of his thing is to build a system where everyone is simultaneously acknowledging it.
00:09:27.640And that doesn't mean you have sole possession, but you kind of have the collective agreement for it.
00:09:34.520Some people believe that that's unnecessary.
00:11:47.160I wouldn't say that we need internet police.
00:11:50.040But we can certainly say that precedent case law, the way in which governments evaluate, regulate to determine the rights of an individual corporation, and indeed the rights to the user, are woefully outdated.
00:12:03.100I don't think we need a digital police force.
00:12:05.380But it's clear that today's regulatory environment does not mesh with the importance of the digital avenues.
00:12:11.840I will tell you, in the private sector, we see some really important change.
00:12:17.980And this is technical, but I do think it's important because it legitimizes the metaverse as a forum, as a milieu.
00:12:23.980Epic Games, which is the maker of Fortnite, the most revenue-generated gaming in the world, also the Unreal Engine, which many in the audience may know, but is essentially a system for physics for all things virtual.
00:12:38.460Disney uses it to film The Mandalorian.
00:12:41.000They use it to operate their theme park rides in Disneyland as well.
00:12:44.380Our government uses it too, don't they?
00:12:47.040For military simulations extensively, yes.
00:12:49.140What Epic has done is they modified what's called an End User Licensing Agreement, or EULA, and it provides two different modifications.
00:12:59.720One is when you license it, they enshrine and contract that you have an indefinite license to that version, which means they might change it with an update from 4.3 to 4.31 or 4.3 to 4.4.
00:13:13.480But if you opt into the alteration, the upgrade, they can change the service of the licensing agreement, but you in perpetuity have right to the one that you signed for.
00:13:24.300The second thing that they've done is they've said that in the event of a contract dispute, say Epic alleges that you've violated their terms of service, or you've just stopped sending them the money that they're owed.
00:13:40.900They have rewritten their agreement so that they require an injunction from the courts to shut down your service.
00:13:48.620And the argument there would be, if you have digital landlords, and we see this with Apple, whom at the flip of a coin can say, I'm going to delete your app, I'm going to shut down your business, then you have what would effectively be a landlord who can lock you out at any point, if just because they dislike you.
00:14:14.560And so this is not an argument that a platform should relinquish its moral and ethical rights to their organization.
00:14:25.200But what they are saying is the importance of all things digital and virtual mean that we need the legal systems, voters, and judicial process at large, or rather, democratic processes at large to determine that.
00:14:39.240Which brings us back to the former point, which is Epic can shift it to the courts, but the courts don't yet have a good system for actually managing that duty.
00:14:51.880If they base their business on, you know, Facebook or, or Apple, and they can decide, and that wouldn't happen in the real world.
00:15:00.020If you were renting space at a mall, I mean, unless you were, you know, I don't know, drinking people's blood in your store, you're not going to just come in and kick them out and close the store.
00:15:11.640In fact, even if it were, I'm drinking children's blood, the police would be called, there would be a system.
00:15:50.220Epic and Microsoft as examples are very firmly shifting towards this.
00:15:55.260Microsoft released a 14 point memorandum two weeks ago, last week from the president and vice chairman, Brad Smith, where he outlined their policy commitments.
00:16:04.920And this was partly, and it was dedicated to the department of justice to explain the ways in which they expect to be treated and evaluated for their Activision blizzard example.
00:16:14.160But this is where we come to user or rather voter agency.
00:16:19.400We have a number of companies that are being very forthright in saying, we're going to relinquish our power and give trust to the legal systems and our users and our partners.
00:16:29.740And then there are other companies who don't provide that.
00:38:00.400She just thinks differently because it takes her longer to get to where it's supposed to go.
00:38:05.280Um, and, uh, I was really encouraged, uh, when I saw Elon Musk's Neuralink, um, because that could help jump those broken pathways.
00:38:19.380And I am simultaneously terrified of the Neuralink because I know what he wants to do with it.
00:38:28.100This is the first stop, but I know where he wants to get.
00:38:31.620And, uh, I mean, that, you know, uh, that, that's, that's frightening to be able to actually be online because that's a two-way street.
00:38:45.460So I'm glad you brought this up because this is what I was laughing about earlier when I said I would terrify you further, which is brain to computer interfaces or BCIs.
00:39:28.000And there are three different types of BCIs.
00:39:30.640Non-invasive, think of Professor X in the X-Men wearing a helmet with electrodes on his skull.
00:39:36.540You have semi-invasive, which might be, you know, you can think a little bit like a cochlear implant, except potentially subdermal.
00:39:44.300And then you have invasive, which is where you're threading usually something an eighth the width of a strand of hair into your brain.
00:39:54.740Tests that Facebook sponsored with the University of San Diego was able to successfully use that to write with thought at roughly 15 words per minute.
00:40:05.160That compares to the average human doing 62 to 75, but I would say that that's pretty good at one quarter.
00:40:14.260I remember waiting an hour for the internet to give me a picture, you know.
00:40:20.660And so, look, when we're talking about making one quarter of the speed with very active, you don't think beer.
00:40:29.260The BCI user has to think B, B, E, E, E.
00:40:36.060And so, we're very far from the point in which you'd think, okay, here's what I'm going to do, your minority report, I'm going to produce a new technology to fail Google.
00:40:50.200But we should be simultaneously aware of the fact that those are happening.
00:40:54.160Neuralink, which is Elon's company that you mentioned, has provided videos, though, again, many disputed, of a monkey playing Pong using a BCI interface.
00:41:16.660The University of San Diego has very much vetted the Facebook example that I provided, and they're not the only ones to have similar results.
00:41:23.800My point is we're very primitive, but you would still say it's magic by any normal judge.
00:41:30.380And it's, I mean, you know, I lived with AOL.
00:41:33.640Well, so I remember what the Internet was like, and it hasn't been that long.
00:41:39.200I mean, maybe if you're 20, it seems like an eternity.
00:42:46.280There are ways in which that seems laughable.
00:42:48.540And yet, you know, we've seen that older generations, septuagenarians, octuagenarians do struggle to keep up.
00:42:54.000And certainly, when we start to get to cyborg implants, which is what we're talking about as a realistic premise, you're right.
00:43:02.020The U.S. military has been doing tests for quite some time that shows that implantable devices which inject a shock to your brainstem can, for a short period of time, very significantly increase response and shooting accuracy.
00:43:18.420This is the type of thing that seems terrifying.
00:43:21.760But, of course, we're asking these brave men and women to fight on our behalf.
00:43:25.620Many of them would say, I worry about the damage of shocking my spinal system, but less than I do of a poor response time.
00:43:33.780And so, you naturally come into the question of, do you end up with literal super soldiers whom are injected not just with extra adrenaline on demand, but with implantables to provide shocks?
00:43:43.120You can certainly imagine a future in which some of us do feel impossible to keep up.
00:43:49.040Do you ever, I mean, I feel like, I feel like they must have felt in the 1930s, we're a scientific community now, science can change everything, yada, yada, yada.
00:44:04.600And then parts of the world used it in terrifying ways.
00:44:10.080And it was all due to arrogance on that.
00:44:13.780Do you feel kind of the same way that this thing could go?
00:44:20.100And we seem to be trying to, super soldiers, we seem to be trying to do many of the things that were done back then that they just didn't have the technology to do.
00:44:39.160I mean, China, we're in a race against China.
00:44:42.600Have we learned from the past on what we can and can't or should and shouldn't do?
00:44:49.940The answer is in some ways yes, in some ways no.
00:44:52.940And yet, of course, we're struggling with altogether novel problems, which is politicians may be more informed over the last 15 years of the failures of tech regulation.
00:45:03.180And yet few would say that the political system is anything other than much worse.
00:45:07.360And so we might find out that we are smarter.
00:45:12.900I like to remind people that regulatory inaction or governmental mistakes on a new frontier, tech frontier, is actually a relatively novel phenomenon.
00:45:25.760Throughout the 20th century, rail, telecommunications, energy, water, metals, or steel rather.
00:45:33.440The U.S. government was actually pretty far ahead.
00:45:37.060Many people are unfamiliar with the Internet Engineering Task Force.
00:45:41.160This was started by the Department of Defense in 1985 or 1986.
00:45:45.200It still exists today, but outside of DOD.
00:45:48.080And it stewards the open standards and technologies of the Internet.
00:45:52.640DOD didn't just start the Internet with DARPA.
00:45:54.840But they also said we need a global body to steer and preserve its enduring role in the world.
00:46:02.980It's really since 1995 and 2005 that everyone has just kind of let things go.
00:46:10.320And so I'm hopeful that that is an aberration, not the pattern going forward.
00:46:15.840But, of course, we have very significant political impediments in front of us.
00:46:19.340Let me switch gears to quantum computing.
00:46:26.960We didn't even think we could get as far as we have already gotten.
00:46:30.540Last I heard we were at, I don't know, 54-bit?
00:47:19.200We probably would have said yes if you described the Internet.
00:47:21.500And, in fact, if you said, by the way, DARPA created it, you'd be like, okay, hegemony is over.
00:47:28.020We have a new British empire and it's American.
00:47:30.880And so I don't want to speculate as to what happens when quantum computing comes.
00:47:34.960It's more likely that we see what always happens, which is it makes available the next problem and problems that we didn't even know were possible.
00:47:44.220And so we're talking about a daisy chain of creation.
00:47:46.940What I will say is that whether that's a decade or 30 years from now, people do seem oddly optimistic about quantum computing's achievability over that time horizon.
00:48:00.400We tend to be wrong and over-optimistic, but given you and I are talking about century-long visions, perhaps we're not.
00:48:06.560Anything that keeps you up at night that you haven't shared so far?
00:48:16.780Are you a generally optimistic guy for the future or pessimistic?
00:48:21.180I'm generally optimistic because I find it impractical to be otherwise in this sense, which is to say, I actually, let me take a step back.
00:48:33.820We've never had a point in time in which seven of the 11 largest companies on earth are obsessed preemptively with the new tech wave.
00:48:40.240Apple launching its biggest product in 15 years, the largest company, Microsoft, has a metaverse technology stack.
00:48:48.080Tencent is building what they call hyper-digital reality, 11th largest company on earth.
00:48:52.920They're doing this because they've learned the lessons from the last three waves, mainframes, personal computing, and mobile, which is the world changes.
00:49:42.740I don't want to get into the politics of it, but the ability for the finance minister to know who gave, who's in line in this daisy chain to shut people down that fast is a little frightening.
00:50:00.980Perhaps, but let me use this on the flip side for optimism, not just on the powers that be, but about the transformative potential of technology.
00:50:10.040We're talking about the finance minister.
00:50:11.880Mark Carney led the Canadian National Bank.
00:50:15.400Then he went on to run the Bank of England and became one of the most significant finance ministers or finance officials in all of the EU.
00:50:23.040He comes from, I believe, a tiny town in the Northwest Territories of Canada.
00:50:31.620That's a remarkably unusual circumstance to ascend to the upper echelons of high finance.
00:50:37.500I think he was the vice chairman of Goldman Sachs before he moved into government.
00:50:42.620The transformative potential of immersive, high-fidelity education, which is delivered at no cost, which is to say, you don't need a teacher.
00:50:53.620We don't even need one, and you can go into it magic school bus style, that is made available to every person on earth, irrespective of their parents' wealth or the school board in which they attend, is an incredibly inspiring idea for the further democratization of the resources we consider valuable, a good education, a good teacher, health care, and more.
00:51:14.060However, that should produce extraordinary opportunity.
00:51:17.860If you believe in the goodness of man at some fundamental level, which some will debate, then you can at least believe that the future is going to be led by more people who earned it from such obscure opportunities rather than the capricious finance minister who shuts something down because, you know, well, he doesn't like Glenn very much.