I, V, M. I am Tony and I'm joined by chap. Oh, yes, that's me. Yes.
Sorry. I was just checking out my virtual gardens in my medical lab. So, it's a two of us today as is the previous, as was the previous episode, because our other two boys are actually off doing real things in the real world. So, you're going to research for future episodes?
Yeah, that's what they are. They're on ground with a team of researchers. Someday we'll actually send somebody to Silicon Valley to cover these events. Oh, in the matter of what you need to do that.
Oh, yes, because portability, which we didn't discuss last time, this one. Yeah. No, we'll talk about that this time. So, in the last episode, we spoke about what the meta was, is what it could be, why this is important for Facebook's business, the little things that they're doing right now.
And in this episode, what I want to do, this is initially supposed to be an addendum to the previous episode, but because Tony and I have a habit of turning a 15 minute discussion point into like this podcast would have been a good point list that we ended up doing a 45 minute episode of the meeting that, hey, you now have a separate episode. Now, so what I want to talk about in this particular episode is sort of like what we had done for that one live event that we had done long, but because of COVID, what all will end up happening in the future. So it's sort of like that, but not taking as creative a leap. So I have a few points over here for discussion and I'd love to know what you think about all of these.
So let's just get right into it. I don't have a profundity today because before we get future, there's this really good tweet about the past of Facebook. This is from RGA, which said, give a man a fish, you feed him for a day, feature man to fish, you can target him with fishing equipment that's what I like. So RGA is a RGA student of the founders fantastic by far the best account that's run by.
So, I also let's start off with a fairly simple one. In about 10 years virtual reality devices will become what smartphones are today. In the sense they will be ubiquitous, they will be cheap. We cannot imagine life without one, even though just 10 years back, you could very easily imagine life without one and say, why would anyone need one for play let alone work and chances also obviously then are geo will launch a cheap version of a virtual reality device called the geo next or something like that for 2000 to piece or whatever inflation leads us to that point of time.
So that's the thing number one, just like how we pretty much have a smartphone here right now we will also have a virtual reality device. Now, whether it's in the same big clunky format as an Oculus Rift isn't right now or whether it's integrated with glasses like Facebook's experiment with Ray Van or whether it is after whether it is basically into our irises. Oh, wow, yeah, that could be a thing. Why not?
It's like getting a tattoo. It's like getting a tattoo and that kind of technology. Everything all the excess. I think there is one company in Sweden or something or Japan somehow I think it's more likely to be Japan.
I don't know why there you can actually get a chip embedded by our tattoo like technology into your arms so that you can do cashless payments. Yeah, it's more likely to be Sweden purely because Japan is actually more of a cash economy. So where Scandinavia is more cashless. So it's like, so you can just imagine you have a keyboard walk around with two halpies.
I mean, just show it up. I like to chip it to our two dozen. Yeah, very good. Yeah, absolutely.
So what do you think this is something that might happen could happen in what to what extent can it happen? Two person, right? One is I'm sure it will happen. Two is no one's going to remember this simplified episode in 10 years if it doesn't happen.
The cold is a comfortable. So with that latitude, no, but I think it will be obviously the way of doing things. And it has a lot of practical uses as well. So for instance, just look at how learning in itself has been democratized by the internet.
And I speak from personal experience as a person who had nothing to do with the music at all for 34 years. And Dave and I was bored in the lockdown. I bought a ukulele on a whim. And for the last 20 days, I've been actually trying to play it.
And it's all because there's a structure course on YouTube that's readily available. So I wouldn't have imagined that I could have done. I mean, not like I played great or anything, but I would have imagined that I would have stuck with something like this for 20 days by sure, you know, feedback that I would have to say that you're terrible at it. But now that construct is entirely changed.
So the metaverse in some senses would be the next level of that where you actually sort of get to hang out with people who think like you act like you who you want to be with and are not tied to anything. Whatever enables that. I'm sure lots of people. Yeah.
So it's sort of like the best of the best parts of the internet and the both the physical world coming to go. Yeah. Yeah. So it's either the best of all the worst of it.
It's just not quite sure which one it is yet. But that's fascinating. And when you're eyes lit up, Tony, when you said learning and the internet, I was almost certain that you were going to talk about how your daughter's education was saved in the pandemic. But it's interesting that he chose to go to ukulele route.
But yeah, absolutely. And I think, you know, whenever people dis-techno, right now, I always like to rewind to a time where people use to dis-technologies that are very ubiquitous right now, like the internet, like the smartphone. And it's pretty much embedded into everything that we do right now from work to just imagine if you go into work and they ask you for your number and they say, I don't have a smartphone. Yeah.
And suddenly, what's up, didn't exist 10 years ago? Or at least in the form that it is today? It is today. Yeah.
We used to still do SMS. I mean, I was in B school in 2012. I remember we still needed that free SMS back to sort of get through life. But now think of just WhatsApp.
So in a few years, things change quite dramatically. It's amazing how it goes from being a novelty to something that is vital for not entertainment, but business and life itself in some ways. And now they've sort of switched on to, you know, one view messaging as well, which just goes to show any technology is just a way for people to exchange nudes in a better way. Think of what virtual reality holds there as possible.
What's that route 34 of the internet? Yes. It's coming from it. It's amazing, actually, that, and a sign of our maturity that we actually did one entire episode about what the implications of the metaverse and virtual reality could be without referring to that.
So that was the last question. All right. The second implication that I think is because we are going to be spending more and more time in the metaverse like that. Sean, before you read that you had referenced in the previous episode, I think the required I think homes are going to get smaller because people are not necessarily going to now need a user probably need place to sleep and all that, but you're not going to place that much emphasis on the beauty of a home and all that.
I think the home decoration craze and all that might peak in 2020, 2021 when the world had to go through a work from home experiment and zoom backgrounds, it looked good and all that, but I think it will peak there and it will go down a little bit. I'm going to tweak that slightly and say home sizes will get bigger, but the walls will get better. Home sizes will get bigger because you don't necessarily need to congregate in a city anymore. Oh fair.
Can sort of go to larger spaces, but walls don't need to be decorated anymore because you're spending time in the metaverse and that's very, very short. That's interesting. Yeah. Yeah.
So if you're going to spend about 90% of your time in the sort of metaverse, I think that then leads into the next point that I want to make, which is NFTs will finally make sense and decking up your virtual avatar and all that will become more of a thing. The signs for that are already there right now. If anyone has played animal crossing or even Fortnite for that matter, there's a lot of economy. There's a lot of, I mean, one part of the entire economy and the part of the game is just buying virtual avatars and skins and even things like dance moves and things of that sort of.
So doing up your virtual self is already a thing. And in this year 2021 is the year you're recording for anyone who might actually be listening in pretty good to go back and say, Oh, those identified guys said this back in 2020. So this year, NFTs have taken off like crazy and it's easy to write it off as just part of this crypto bubble and people spending lots of money for what is essentially a JP I go or a video clip. But I think it, well, that might be true in many ways, but I think it goes a lot beyond that it's also about digital owner is about ownership of something that exists in the digital space.
And as we do more of our lives virtually, I can actually see this becoming a thing like if I have the only digital version of a painting that exists and that can be verified by the blockchain, yes, you might be able to use some fancy metaverse recording technology to take a 3D recording of my painting and put it up on your wall and claim that you have a particular simple right click will show that it's actually a duplicate or something that is probably easier to do that sort of checking. So yeah, I think NFTs and all that will finally make sense. I'm keen to know what you think about that because that's the equation to something that you had said last time, which was about the whole creative economy and stuff taking off as well. Yeah, absolutely.
And just to sort of wind it back, right? And this is not far-fetched at all because I mean, I would assume in the last one year, people have actually made the significant investments in their web camera that they use because that's also part of your personality that are now coming through because a lot of great points to something in the physical world, but which has an implication on how you present yourself in the so-called virtual world. Yeah. Wow.
So which also means then going back to your point around NFTs and creator economy, it just means that you know, what your background or your avatar needs to tell needs to enhance your personality. It's not always necessarily about bad value. So we will see new kinds of art, new kinds of things that can enhance your avatar and your personality in the metaverse and all of that will be enabled by NFTs and stuff like that. Yeah.
Yeah. So I much suggest that it's specific to certain creators which can then be leveraged by brands or whatever. Yeah, 100%. I love how the metaverse helps solve the problem of gene technology leading towards eugenics and all that by building that into itself.
So you don't now need to engineer real world perfect babies. You can just show off your imperfect real life baby in a perfect way in the metaverse. Absolutely. Like a fascinating like and this could be a whole bunch of things like this could be, I mean, right now NFTs could you can say that they're like basically digital JPEGs or video clips like how the NBA is doing like you get to own the clip where say LeBron James does something really cool and I know that you definitely would not mind owning the NFT of the winning moment from Adelaide or something like that.
But it's also like what are the other kinds of NFTs that could exist in the future, right? Apart from right now we are thinking they could be collectibles, they could be clothes, they could be exclusive things from rock stars and things like that. But who knows what could come up in the future? Can there be like a virtual smell or a color that only one person owns or something like that?
I think the possibilities for this are interesting. Yeah. Yeah, absolutely. And I mean, I don't know how this works, but basically like ticketing to real world events.
Yeah. We all know that there it's unmatched experience that you get in like the physical concert or a physical sports sports. Yeah. But also the quality of viewing is not the greatest in that.
We're there for the environment and the atmosphere. Now you can actually marry the best of both worlds. So you can be at the World Cup final that is happening somewhere. Yeah.
But do it virtually and get the best view out of that because you have so many different camera angles or 3D models or whatever that that will be. Yeah, interesting. So it's almost like you are building in artificial scarcity or artificial blues or I mean, in the sense like just taking your stadium energy ahead, the more expensive seats will have access to a certain webcam that is positioned in a certain way. No, I mean, that's one way of thinking about it, right?
Like where you have things like that or you have other, you have other perks like you are invited onto the field or you are given virtual hug by the footballer or something of that sort. Fascinating. This could end up leading into all sorts of things. The creator economy, how that meets the second, that's also going to be very interesting.
All kinds of art are going to be done. I think there are new forms of art that we can't even think of right now. Like it's easy to just think that what we're doing right now in 2D is going to become 3D in sunset, but I think it's going to become a lot more nuanced and a lot more exciting than that. This is quote I found again, this is from this is Zuckerberg himself talking in an interview with Ben Thomas in a strategy against the same interview I referenced last time.
I'm just going to read out that quote over here. I've talked a bunch about how I think that we should design our computing platforms around people rather than apps. And I guess that's sort of what I'm talking about. On phones today, the foundational element is an app.
That's the organizing principle for your phone and how you navigate it. But I would hope that in the future, the organizing principle will be you, your identity and stuff. Yeah, yeah. So you can see your connections and then you will be able to pretty seamlessly go between different experiences and devices on that.
I think that building that up in upfront is going to be pretty important to maximizing the creative economy. And this is going to and making it so that somebody who's building one of the digital goods or experiences can make it as valuable as possible because it just works across a lot of different things. It's interesting that he started thinking of this from a creative economy lens from the decoy and maybe that's important to fight off a few recreational battles that he has right now and people probably wondering like how our developers going to fit into this whole thing. But yeah, absolutely.
I think enabling this platform is going to lead to a whole, I think everything. Every part of education, entertainment work within entertainment, live performances, sporting events, music events, gaming is all just going to be like imagine which but you don't need you're actually talking as your avatar as your and probably what which is today looks extremely future is like to even us when we were playing FIFA 97 or something a few decades ago. Yeah, the mind boggles when you think about things like this. So let us do one thing that is take a little bit of a break to unboggle our minds and come back and talk about the rest of this.
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Welcome back to Simpify, Vethoni and I are speculating what 2030 will look like. Apart from the fact that we won't be able to see the color of the sky anymore, it won't matter because we are all going to be in the metaverse where the sky is blue at all points of time and climate change is just the name of another radio head album. So let us move on. We spoke about how the devices could become ubiquitous, how homes will either get smaller or bigger depending on which one of us you agree with and that NFTs and all that will finally make sense.
The next thing that I want to sort of say is kind of related to the point that we spoke about creative economy but slightly more professional. I think you're going to see a lot more very interesting careers coming up and careers and feels actually coming up. I actually remember reading this and I might have mentioned this in that one episode we did on the metaverse itself a few months back. I was reading the jobs of the report of jobs of the future report.
I forgot who put it out. I think it was cognizant to put it out. And you had a lot of the usual things that you expect like cyber security and certain kinds of digital marketing and social media and all that. One of them I found a very interesting which was virtual world builder.
And I thought that was so fascinating that you actually have sort of a person who is going to architect a virtual world in very much the same way that you have an architect in real life and it does not seem very ludicrous because I'm thinking of some of the virtual experiences that have happened over the last couple of years. On Fortnite musicians like Marshmallow and Travis Scott have performed and obviously they had to perform on something. Now whether that involved just an artist drawing a 2D image or whether that involved technologies or something slightly more involved that are actually creating a three dimensional stage it still is something. And last year because a lot of students and universities couldn't have the graduation ceremony to have people painstakingly rebuilding their universities in Minecraft and having avatars going into receiving their diplomas or certificates.
So if that's what's happening right now with the rudimentary technology we have in 2021 I would really think that in by 25 or something when the metaverse will become even more of a thing that you will actually have paid professionals. I can imagine somebody being contacted by a company saying they're going to have a virtual offsite these are the kind of things that we want. This is the kind of background that we want and maybe even customize it. Our CEO likes this, our CTO likes this, our employees like this so everyone needs to see things differently.
Now you won't have to fight about where to go because you can be better than you want to. So all these things could happen. So I mean a virtual world will be one thing but the broader point being I think this whole thing will lead to some very interesting careers that go beyond just the creator economy. Yeah absolutely.
I mean I can't even imagine the kind of things that will be there but I can safely say that it will be much beyond anything that we can be pretty. Yeah and I mean one way of thinking about it is just imagine that the world that we are doing this in right now is actually somebody's metaverse for all you know maybe what we are living over. It's just it's somehow just seems that everything goes back to either the matrix or what are the problems with minority or ready player one. Like there are these few science fiction movies that all just seem to be pointing towards what the future is supposed to be right.
That enough goes a social network. But I just think about it. There could be like we spoke about NFTs a while back there could be antique shops for NFTs. Like the crypto kitties and all that were the first few NFTs right now.
I can imagine these guys buying them putting them up over there. People have said the guys who buy NFTs they say we eventually spoke to how the guy who bought the people thing the Indian origin guy who stays in Singapore. He said something like he imagines that many NFTs will actually showcase in a virtual gallery sometime in the future. If a virtual gallery exists then think about everything else that could possibly be over.
That could be virtual police to look out for teams who have stolen virtual goods online. It's very interesting and how different is that going to be like if you're a virtual thief does that make you a real world thief for example like you know. So it's going to lead to some very interesting careers situations things that we don't even know exist. You know what's kind of scary and maybe I shouldn't be saying this to you as a parent.
Is that many of these things that we can't fathom right now as careers are things that are actually going to become a reality in about five years time. Yeah so I am teaching a bunch of undergraduate kids at university who are all like 16, 17, 18 types and one of the things that I keep telling them is like the world is going to keep changing so it's very likely that by the time you guys actually start working. Yeah the things that I teach you right now might become completely obsolete because who knows whether Instagram is still going to be around in the same shape of form if at all in just three years time and then you have something like virtual world builders it seems like a completely different thing which could be very much a reality in about five years time it's kind of form. Yeah I think going back to the other reference that which is you all know how I basically talking about and if you said it but our parents basically worked for one company there in their life.
We work in different companies and our children will have different careers every year so you won't just have like one career your entire life you know different things because things will you know change in that dramatic way. So yeah so how will you answer the question what do you do? You know we can say okay I was a physical marketing guy but I moved from this agency to this company to what yeah you're right absolutely. Oh yeah yesterday I was a neurosurgeon today I am a TikTok content actually that's something that's happening right now also.
That's also because we're thinking in constructs of today right that you are defined by the junior or the career you do that will change. That will change. That will change. I mean job is just one part of it but there are other things that you do.
Yeah absolutely 100% so many many interesting things to look out for over there and if sensory things right now you can't smell or taste in the matter was maybe there's a way to bridge that in the future who knows and then who knows what will happen. Yeah just like how there is now there is some in the world of marketing there is this divide between digital marketing and real and you know the the main line marketing as we call it for every single profession there could actually be a virtual something and a real world something like imagine if you break your leg in in the metaverse so do you go to a virtual doctor do you have virtual Medicare for that what are the systems that are put in place to to prevent like for example like by single because but to prevent things like eugenics and all that happening in the metaverse they might code in certain rules that there is going to be a chance of something's happening if you break something it will take extra amount of time for it to recover or you need to pay a certain amount of virtual money for it to be fixed so you know all sorts of things will happen so in some ways the metaverse might not actually be very different from the real world who knows so all very all very good things to think about when you are when you are drunk having a blast perfect time to start a company of the future yeah actually very interesting the next point was actually going to be that I have written over your number six digital simulation so I have always thought that the next level of drugs is not going to be chemical or you know whatever it is that the NCB wants to done but actually might end up being something digital I think because there's a drugs and everything at the end of the day something is affecting various chemicals in your head so what if scientists researchers somebody sitting at Facebook today might might find out a way how to control these chemicals where you don't need to go through hoops to find the drugs you are just able to click on a certain image or have a certain sensory experience that simulates that kind of thing so what would that digital simulation the stimulation rather I mean already in digital stimulation for your digital simulation yes yes yeah already notifications yeah have dopamine rashes yeah right so yeah it's a very real possibility what else can you sort of trigger and how can you do it in a controlled manner and what is the economy there like your first ten hits of free and then then you have to oh yeah yeah somehow I think that this particular episode has about ten different Hollywood plots already in it yeah wow your first ten hits of free and then after that oh yeah I can imagine that I can imagine the computer premium model the wire but wired oh wow yeah there we go okay and the last point that I have is security and hacking let's say let's end on a cheerful note at least the rest of the points that I have so if digital stimulation can happen NFTs can happen became familiar with each other then what happened like if like I go back to the shan bb to eat right which is if you're going to spend 90% of our time in the virtual world what ends up happening if that virtual world is that how this source are we are we is that 10% of us that stays physical is that still safe in some sense or are we going to be so scarred mentally and maybe perhaps even physically in the matrix is a famous scene that whether even even brogers pulls off the thing and the real avatar dies and I never understood why that was a thing you kill somebody in the meta was why should your physical body die I never understood that it seems to be a needless plot point but let's let's leave it be the matrix was coming off of me but but that's the thing like how how safe will be be like right now if our computers are hacked fair enough our lives will still go on we can still eat we can still you know communicate to the people we love and in other ways etc but what happens when 90% of our lives is lived and a body suggest a excuse to you know plug into the so-called meta was how is hacking going to be different imagine what misinformation and all that in the meta was going to look like not in terms of the meta was it's about using the underlying layers of I mean look at what the internet has done to spreading this information so the meta was when all of us are plugged in and our brains are pretty much plugged in going to be something else out together yeah it's it is I just had like a chill down my spine just thinking about the possibilities right so if you I mean think about the world as it exists basically animals just need to do their sort of physical yeah which is they need to eat sleep poop and probably reproduce and be happy with that we say humans have the greater ability to think and all of that and that's what sets us apart but also we need resources to further the thinking and stimulation process so the same brains are existed 300 years ago if they existed today they would have reached a completely new level just by which you have very start off the resources to do that and see that now if those resources and the network is going to be in a different sort of plane which is the virtual world and you're suddenly cut off from it yeah I think more than the physical aspect of your being that new reality will actually be very very you know scary and altering if it's basically yeah basically reduced to a shell of an existence similar to an animal today probably but you know no disrespect to any of this but you know what I mean yeah absolutely and that's pretty profound actually if you if you think about it no it's a fair point to make and I wanted to say something but I completely forgot about what it was but on that on that note just imagine if oh yeah I remember what I was going to say the more I think about things like this and how these discussions especially with you guys is I think nature will look at humans and say yeah this thinking thing let's not try that again let's like yeah that's all the terms are like for billions of years you had people doing it's like you had an animal doing exactly what you said they have they were sleeping they were eating they were reproducing once in a while they were pooping and everything was fine it's like then the gods or natures depending on your point of you said okay what if we gave them just the ability to think a little bit and they must have been so excited oh a little boy is like rubbing stones together he's making fire became pink for himself and then I'm just going to go for a nap and then they did what they spread what what what is this internet thing and then let's say yeah let's let's not do that again and after we cease to exist we will just be a blip in the overall planetary timeline but this reminds me of that other influence of us which is the Douglas Adams quote about dolphins right so people had always imagined that we are more intelligent than dolphins because we've achieved so much yeah and dolphins always believe that they were far more intelligent because they didn't do any of this they just stuck to they use their superior intelligence just to stay in the water and not do any of this yeah absolutely this is the this is the thing right the sign of intelligent life being actually out there is a fact that they haven't tried to get in touch with us so it's probably like that like they're like it's just like how you might want to go and talk to somebody and then I come and say no no don't talk to them right now they're in a bit of a mess right now just go after something maybe aliens are that like oh they look like this life over there and they're just like no no no humans are on it right now just give it about 200 more years then go I think that might be I think that's very very very very possible yeah you wanted to say something yeah I know so the other part that can come and put a full stop to all of this is if you want to add the adjective needless but legislation so like how BC cryptocurrency adds all around us in India but also we're waiting for what the governments of various you know countries come up with in terms of regulations yeah and equally on the other side of law catching up fast with like things like privacy and stuff like that whether it's GDPR this that and the other right so we need to draw a parallel like they developed conspiracy technology but very quickly all governments had stopped don't do it yeah because it's facebook and they're trying to get a consortium going of the world's largest you know richest sort of tech companies they might be able to pull it off but you know you never know what lawmakers can think about and sometimes maybe rightly so just to put a stop to something before it happens rightly said and as you can see there's plenty of I mean any of these could become a reality or virtual reality as the case maybe on the matter so if any of you have any points that you would like to send us please do so and we might even talk about the amount of future episode of simplified what if Tony and I believe you with this what if the aliens and gods that we have speculating about when conscious you know they actually exist in the metaphors what if the metaphors was just been you know and like what is oh here is where they are so what is like the place of this yeah this is a final decision maybe the gods are actually inside the matter like a finally you did it finally you tried to put Zuckerberg through Congress what is that all about yeah that'll be awesome yeah so I think that's a good thing I don't think we can get any more imaginative but that on this show all right so thanks guys for tuning in again tell us what you think about the metaphors are you optimistic about it pessimistic about it and what your predictions that of you know that things could be and we will be back next week with hopefully more of a cast who after they finished doing the on ground research okay let's perfect so since our is not here let me try to sign off stay safe stay real in this world of where everything is virtual stay real guys and stay simply yeah that's a simplified see you next week bye bye