The 4 Horsemen of Abstract Assets

This was inevitable.

1. NFTs — already gone

   Pure abstraction layered on top of nothing. Zero weight, zero density.

2. Crypto — next

   A ledger pretending to be a commodity. No physical throughput, no irreducible constraint relative to energy.

3. Software / SaaS — now

   Near-zero marginal cost meets higher discount rates and shrinking tolerance for intangibles.

4. Streaming — …