Cambrian explosion

Uh, so, so we hold, uh, positions in about a dozen global markets.

Um, and, and each one of those have particular regulatory profiles, and liquidity profiles, and, and just local stock market happening, you know, comings and goings that, that, that really have a, an effect on the, the composition of our portfolio and the relative performance, uh, of those assets, right? So, so it's nice from a discretionary allocator perspective to be able to, y- you know, skate where we think the puck is gonna go, but also just have such a wide variety of things, um, as this, this Cambrian explosion of, of Bitcoin activity happens across the globe, to where we can focus in, you know, Southeastern Asian markets, or North America, or South America, or, or Europe.

Which is, you know, we, we hold positions in all of those locations.

UTXO has talked before about how institutions aren't blocked by not liking Bitcoin.

He says the findings could also help explain the dramatic environmental changes which paved the way for complex life to develop on Earth.

Earth.You see, Gondwana's formation triggered profound global changes, including shifts in climate, in atmospheric chemistry, and in geological processes that ultimately helped create the conditions for what we call the Cambrian explosion of life, and that changed everything.

The Earth is divided up into these tectonic plates, so rigid blocks of crust.

And there's maybe just over half a dozen of those plates.

Pangea was the one that formed about 300 to 200 million years ago, and the one that formed before that was Gondwana.

And Gondwana formed as a supercontinent between about 550 and 500 million years ago.

That's interesting because that's about the same time as the Cambrian explosion in life, isn't it?

Oh, bang on.

And we're nowhere close.

That's just one problem of a thousand problems that have to be solved in order to get life.

So we're very far from understanding where life comes from.

And so there's other questions about why they would keep suggesting that we're close when we're not.

Every one of these molecules, I mean, the amino acids make proteins.

DNA is an oligonucleotide.

And so you need to solve the sugar problem, and you need to solve...

If we were to

magically happens, the Earth restarts its dynamo.

And that's when the Cambrian explosion starts.

See, what we're taught in biology is that the Cambrian explosion was tied to oxygenation of the planet.

It turns out the story is even more interesting than that because it goes back to these old papers that the Russians had.

The Russians linked silver, the magnetic dynamo, and oxygen together.

It shows how behavior can become geology when enough organisms repeat it across enough time.

The Cambrian explosion filled oceans with eyes, shells, and predators.

Around this time, animal life diversified with astonishing speed by geological standards.

Fossils show many new body plans, including creatures with hard parts, jointed limbs, sensory organs, and active feeding strategies.

But it wasn't until around 535 million years ago that the eukaryotes went berserk.

And that's known as the Cambrian Explosion, a super major biological

golden age when the diversity of all animal life on Earth exploded.

Nobody's entirely sure what started it, but suddenly life created innovations that the planet had never seen.

The phylum Cnidaria, to which all jellyfish belong, first appeared in the fossil record approximately 600 million years ago, possibly earlier.

This predates the Cambrian explosion, that extraordinary moment roughly 540 million years ago when complex animal life diversified in a geological eye-blink.

In other words, cnidarians were already established on Earth, before most of the body plans we associate with animals today had even appeared.

They survived the great extinction events that reshaped life on this planet.

First, that we've massively underestimated the magnitude of AI, that kind of European policymakers particularly, but also to some extent, the broader public or kind of the, you know, call them elected leaders of any sort could be in the economy or could be in the political realm.

You know, they thought that this was going to be a little bit more like a tool, you know, maybe like, you know, kind of like the desktop computer or maybe like, you know, kind of the mobile phone, when actually it was much more similar to the Industrial Revolution in its kind of, you know, kind of Cumbrian explosion and force that it would bring to the economy or also not bring to the economies that are not actually adapting in the right way.

The second piece is that we underestimated the speed at which this technology was going to progress.

And I have to say, in 2026, it's now...