Miami is already the Singapore of Latin America. And Latin Americans understand the need for sound money.

So: Miami should hold a conference connecting all the Latin American financiers with all the crypto & tech people to talk Bitcoin!
As Wences Casares has discussed, the idea that the state could default, hyperinflate, or go communist is not theoretical to Latin Americans.

Witness Argentina, Venezuela, Cuba respectively.

So the use case for Bitcoin as a way to protect human rights is instantly understood.
As @antoniogm has mentioned, Miami is already an important center for Latin American commerce and finance.

It’s a neutral zone with good banking where people from across the region can store their money and do deals.
Finally, as de Soto has written, Latin America has been held back by an informal economy that lacks clearly defined property rights.

Crypto can mitigate this, as it’s rule-of-law as a service. Smartphones allow access to sound money & smart contracts. en.m.wikipedia.org/wiki/Hernando_…

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More from @balajis

26 Dec
Mayor Suarez has single handedly reformed politics Twitter.

First, politicians around the world now understand they can recruit constituents with their tweets.

Second, they now understand they can *lose* constituents with their tweets. ImageImage
What @FrancisSuarez has done is being studied by cities and countries around the world.

After years where Twitter showed us the worst of politics, we have a glimpse of what it can be at its best.

With one tweet, he helped launch a new era of economic development.
Mayor Suarez shows a new path for a startup politician.

You can now make an international impact without waiting years to pay your dues & work your way up.

Just support technologically progressive policies & recruit talent online. Now you can build your city with every tweet.
Read 6 tweets
24 Dec
Let’s be clear: these data dredging requests by Treasury will result in violent attacks on crypto users.

Why? Because Treasury got hacked and can’t secure their data. Lists of home addresses of crypto users will keep leaking, as they did with Ledger. And criminals will use them.
This is not a theoretical worry. @lopp has compiled a repository with many published physical attacks on Bitcoin users. github.com/jlopp/physical…
The hack of Treasury is not a theoretical worry either. It follows massive hacks of OPM, the State of Texas, and many other government organizations.

And these are just the reported attacks! politico.com/news/2020/12/2…
Read 5 tweets
24 Dec
Migration > election
N-city system > two-party system
Exit > voice
Remote > commute
Rest of world > SF Bay Area
Decentralized > centralized
You don’t need to form a local political party to win elections in one city.

You need to form a global social network that can win over elected officials in N cities.
It’s not just about the sovereign individual, it’s about the sovereign collective.

The future is global, mobile social networks capable of collective bargaining with giant corporations and states alike.

A check on the power of both concentrated capital and political capitols.
Read 7 tweets
22 Dec
90k households reportedly left SF this year, out of about 360k total.

Voting with their feet against poop, needles, car break-ins, fires, power outages, housing shortages, dysfunctional schools, physical assaults, exorbitant costs, and all the rest.
Point being: the exodus is real, as are the problems. Don’t let anyone tell you they’re not.

The silver lining is: SF will never get its monopoly back. Neither will Silicon Valley writ large.

Tech was overconcentrated, and decentralization was overdue.
Note: I thought the numbers were huge, which is why I included cites. It’s possible the 2 definitions of households don’t exactly match, or that in-migration has partially offset loss. More analysis welcome.

Source 1: publiccommentsf.com/post/u-s-posta…

Source 2: census.gov/quickfacts/san…
Read 4 tweets
17 Dec
How to architect a crypto app

Start by sketching out the frontend and backend as normal. Then replace a few key backend calls with reads and writes to a decentralized database, namely a blockchain. balajis.com/yes-you-may-ne…
In other words, you don't need to throw out everything you know about web or mobile development. And you can often still use a standard DB as the data store for much/most of your app.

But for certain key functions, like sending/receiving funds, that's an on-chain operation.
Anyone who's built anything over the last decade is familiar with the concept of using multiple databases. At a minimum, you have your main Postgres plus a data warehouse or the like for analytics.

Now think of a blockchain as another DB to interact with.
docs.djangoproject.com/en/3.1/topics/…
Read 6 tweets
16 Dec
COVID accelerated remote. The alternatives have arrived. And the bubble has burst.
What keeps you in San Francisco? In the remote era, nothing at all.
Read 7 tweets

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