1/ @Facebook, @Twitter and @Google have all built internal tools to implement systematic censorship. The tools are little different to the tools used by China's authoritarian government. They may not be used as frequently (yet) but they are no less chilling.
2/ Large tech companies have been complicit in censorship for a long time. When I was at Google I was asked to implement tools to censor news in China

3/ As Silicon Valley's largest companies replace legacy media as the primary gateway for information dissemination they have become dangerously powerful in shaping what can and can't be said online.
4/ These companies not only censor what can be posted on platforms like YouTube and Twitter, they have also begun to censor their messaging apps.

Earlier this week I tried to use FB messenger to send a completely benign tweet to a family member and was unable to.
5/ This is particularly chilling because the censorship is very clearly politically biased. Slowly but surely, Silicon Valley is exporting it political values to the entire world. We are headed toward an Internet monoculture overseen by the technocrats in a tiny part of the world
6/ The values of the early internet - freedom of speech, uncensorable communication, unrestricted association - are being systematically dismantled by the world's largest companies.

This MUST stop. I do not pretend to have a solution but we must awaken to the threat.

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More from @real_vijay

27 Jul
1/ Bitcoin and gold are on the rise. A thread explaining why.

All monetary goods are in constant competition with each other to attract the pool of global savings. They compete primarily on the attributes that make for a good store of value:

medium.com/@vijayboyapati…
2/ Fiat monies, while being inferior on the standard attributes that make for a good store of value, have one advantage over market based monies: you are paid interest to hold them. This interest can be paid because the sovereign claims seigniorage over their money.
3/ In effect, a state can pay interest on the money it issues because it parasitically profits from the productivity of the population over which it claims dominion. States also use the interest rate in a counterproductive attempt to keep their national economies growing.
Read 10 tweets
23 Jun
1/ In their embryonic form many species appear alike. But imprinted in their various DNAs is the code that will evince their great differences in the fullness of time.

A thread on the great debate about what #Bitcoin is and why only one of the two major visions makes sense
2/ In its first few years #Bitcoin appeared to be both a disruptive payment rail (near zero transaction fees) and a promising store of value (dramatically increasing in value over time).

Yet written in the code that powered its network were rules that guaranteed only one outcome
3/ #Bitcoin's "consensus rules" are the set of rules agreed upon by all computers running on the Bitcoin network. Only those computers abiding by these rules are accepted as a part of the network. Perhaps the most famous rule is the number of bitcoins that are created per block.
Read 15 tweets
11 Jun
1/ Nature abhors a vacuum and it's the same with power vacuums.
2/ When the State makes something illegal that is in high demand (or abandons the provision of justice) it's saying there is no power structure to enforce property rights in this sphere, creating a power vacuum.
3/ The power vacuum is usually filled by a strongman, kingpin or drug Warlord who metes out his own justice according to his strength and guile. He becomes a monarch in his little economic fiefdom.
Read 4 tweets
8 Jun
1/ At a time when many are being called upon to educate themselves, it would avail us all to reflect on the difference between education and indoctrination.

Education is a descriptive endeavor (describing what is), whereas indoctrination is normative (describing what should be)
2/ The line between education and indoctrination is often blurred to suit the purpose of those doing the "educating".

A subtle shift from describing the world as it is to what needs to change often signals the abandonment of pedagogical intent for an intent to control.
3/ In one of my favorite @paulg essays, he describes the problem with identity encroaching on the pursuit of truth.

When ideological views become entangled in education the ability to discover truth is diminished or destroyed entirely. paulgraham.com/identity.html
Read 7 tweets
3 Jun
1/ The CEOs of today's information gatekeepers (Facebook, Google, Twitter) are charting a perilous path between Scylla and Charybdis. On the one hand they face the ultra left-wing politics of their employees. On the other the plurality of users who don't share those politics. 👇
2/ Of these CEOs, Sundar - Google's CEO - is in the weakest position. He does not have the internal credibility of a founder, nor the credibility of a CEO who has tranformed the company, as Satya Nadella has at Microsoft.
3/ In a recent mass-walkout by Google employees, Sundar appeared weak and the employees had the audacity to demand representation on the company's board of directors, among a number of other extremely left-wing demands.
Read 9 tweets
11 May
1/ On the eve of #Bitcoin's quadrennial supply shock, inquiring minds are wondering whether the so-called "Bitcoin halving" is "priced in". In this thread I will explain that it is not and it cannot be priced in. 👇
2/ It is important to understand that #Bitcoin is not a traditional financial asset and cannot be priced as such.
3/ In finance the term "priced in" refers to whether information that affects future potential cash flow of a revenue generating asset or company has been properly discounted into the current valuation, factoring in things like interest rates.

Yet #Bitcoin has no cash flows...
Read 12 tweets

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