Just to give you all some idea of how insanely early we still are in crypto and how dumb the mainstream is, read this from PayPal:

Paypal is offering customers Ethereum and 3 different types of digital pet rock.

> "Bitcoin Cash: created in 2017, the group behind Bitcoin Cash say transaction times are faster than the original Bitcoin."
> "Litecoin: designed to be a future payment method and can be mined more quickly than Bitcoin - producing one new coin every 2.5 minutes (whereas Bitcoin produces one every 10 minutes)."
They can't buy Defi. They can't buy oracles. They can't buy anything web3. They can't even buy any of the alternative layer 1's like Solana.

No, you get Eth, PetRock1, Petrock2 and Petrock3. And it's custodial, so you never actually own any of this.

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More from @RokoMijicUK

2 May
People are trying to shill me @urbit stars.

I love the idea of urbit and still have a planet, but I'm not sure about urbit as an investment.

Urbit made a LOT of digital land and it currently has ~0 users. The market cap of stars is ~$600M at $9500 for each of 64k stars.
The bull case for Urbit stars is that Urbit works out how to get users/how to make it so that you can actually use Urbit without lots of technical know-how, which causes interest in planet ownership and therefore in stars and galaxies.
But even then, the current market cap of ALL the stars is a bit too big. $600M for a system with no users and a bunch of whales is not great.

But, Urbit could start burning stars and planets at the same time as they launch a decent UI. And some stars are locked 🤔
Read 4 tweets
1 May
Simon Dedeo "why you should delete social media"

I disagree. Deleting social media is dumb. Without social media in the pandemic I would have had essentially no human contact for 15 months.

But I know a few people who get mental health issues from social media.

You need to control it. I have pruned notifications as aggressively as possible on twitter and Facebook.

On Facebook I've unfollowed almost everyone.
Youtube I've blocked all recommendations via a browser extension

The only social media I haven't aggressively pruned is Tiktok, but the crypto-tiktok content is actually painful to listen to and I have to force myself to use it.
Read 5 tweets
1 May
This thread by @kwamurai is worth responding to. The idea is that government by any system end with that system being corrupted by insiders, gamed or goodhearted in some way.

Right now we're seeing lots of this in The West, a whole bunch of systems are getting gamed.
The implied solution is that you shouldn't have any systems, just some kind of Conan-the-Barbarian leader whose word is law.

But I think this is the wrong lesson to learn from the subversion of Western institutions. Image
Western institutions like the academy, the press, the bureaucracy etc simply weren't designed (or didn't have time to evolve) to deal with subversion. They rely far too much on people using judgement - the editor of a journal, the staff in a newsroom, etc.
Read 15 tweets
30 Apr
Mencius Moldbug is dismissive of the idea of replacing rule by a King with rule by a smart contract, he calls it a "Quantum Exponential leap".

Here's why I think he's wrong:

First of all, you can see the whole section from @kaschuta's show here (skip to 1:11:18):

The criticism is two-pronged:

(1) We don't have the technology to use smart contracts to make real-world decisions and blockchain tech is slow and expensive, and you would also need AI tech that we don't have because it's AI-complete.
Read 27 tweets
29 Apr
Mighty App wants to lobotomize your computer, i.e. everyone has a thin-client and absolutely everything happens on a server somewhere, you just see a stream of pixels.

Is this a good thing? There are some pros and cons.

- it's very inefficient to have ordinary people doing computer admin, a centralized service could make everything work well.
- a centralized server can have better hardware, such as GPUs or more RAM that can be utilized more efficiently via timesharing.

- a centralized service will probably deliver a worse experience to users because of moat/monopoly effects. For example, you get unskippable adverts playing on your screen unless you upgrade to the super-premium plan.
Read 8 tweets
29 Apr
Toxic femininity? Mental illness at scale? Lunatics running the asylum?
Other options:

- Nth Wave Feminism
- Your grandfather died at Omaha Beach for this

(more suggestions in the comments please)
Personally I like "Mental illness at scale", thanks to @micsolana.
Read 5 tweets

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