I'm not really interested in his larger argument here but I think there is a specific interesting point: There is no particular reason why trying to rent seek

I'm not really interested in his larger argument here but I think there is a specific interesting point: There is no particular reason why trying to rent seek things like land or property should work in a digital world. They aren't constrained by physics which is the whole reason any of that stuff works in our physical reality. Why should it matter what neighborhood your house is in if you don't have to follow euclidian geometry. It seems like most people who are attracted to the space are exclusively interested in rent seeking opportunities but it seems likely that these people will get burned trying to chase a broken metaphor.