Not being familiar with that quote, it's definitely one that is nearly meaningless on its own and requires more explanation to interpret correctly:

https://venturebeat.com/2014/10/09/how-peter-thiel-teaches-s...

> Thiel is also not a fan of defining yourself in relation to something else, like the ‘Uber of dog sitters.’ Claiming to be the Stanford of North Dakota doesn’t mean that the school is good. “The something of somewhere is mostly just the nothing of nowhere.”

As an aside, if vapid quotespiration is your thing, here's the first google result for "The something of somewhere is often the nothing of nowhere": https://quotefancy.com/quote/1583769/Peter-Thiel-The-somethi... (proof: https://web.archive.org/web/20220418155400/https://www.googl...).

Hindsight is 20/20, which is why you never see the crystal ball flying at your head until it's too late -- also Peter Thiel, probably.

A lot of people had the foresight to see that an NFT of an old tweet was a bad investment at the time.

The grift could have gone on for much longer.

He made a great talk at the Bitcoin conference last week:

https://youtu.be/wmBieQpuysM

lmao what