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.
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.
You can calculate the ROI, but if took 1000 tweets for Mayor Suarez to recruit a single billion dollar company to Miami he’d be at $1M per tweet.

And he’s doing way better than that.

Twitter may become the single most valuable economic development channel in the world. @jack
The recipe for a policymaker to become a technological leader is simple.

Find the sector where your laws are among the most technologically progressive in the world.

For Wyoming, crypto. For Japan, stem cells.

Then recruit founders & funders online. And build your economy.
A crucial component of this will be cities recruiting like startups — and tracking their conversions.

Now that politicians can gain or lose constituents with every tweet, helping or harming their city economically, we have quantifiable skin in the game.

The startup politician.

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with balajis.com

balajis.com Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @balajis

26 Dec
BTC > NYT
Ledger of record > paper of record
Argument from cryptography > argument from authority

Oracles already provide more reliable price feeds than Bloomberg or Reuters.

Extend that. And replace declarations by media corporations with decentralized cryptographic truth.
An early use of decentralized cryptographic truth to knock down a declaration by a media corporation occurred in 2014, when the absence of a digital signature killed Newsweek’s cover story.

Oracles systematize this. They’re like an on-chain Reuters. genius.com/2900395
Decentralized cryptographic fact checking is also used by Wikileaks, as anyone can use DKIM to verify email authenticity. You trust the cryptography, not Wikileaks. blog.cryptographyengineering.com/2020/11/16/ok-…
Read 5 tweets
24 Dec
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.
Read 4 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

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!