Just setting up my bitclout 💎🙌

bitclout.com/u/balajis?publ…
An important moment for decentralized social media: the full Bitclout source was released today. github.com/bitclout/core
I'm an early investor in several decentralized social media platforms, including Bitclout, and am excited for where we are going.

This is a major step towards truly open source, open state, and open execution social networks.

Will be posting more here:
bitclout.com/u/balajis?feed…
How decentralized media changes the game

Before: a legacy media corporation writes content to a social media company database. You're neither editor nor root.

After: you create your own content and write it to a decentralized social media database. You are both editor and root.
How decentralized media changes the game

Before: a social media company monetizes your content, and can cut off user or API access at any time.

After: you make money from your content, and neither user nor API access can be cut off.

Digital property rights.

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More from @balajis

18 May
Every cancellation is an election: a vote of no confidence in another human being, but with an unspecified numerator and denominator.

The perception is that society has cast out this person, but a genuinely representative poll with secret ballot might prove that wrong.
Numerator: who voted against the person
Denominator: who voted in total

The "decision-making" process for a cancellation (such as it is) appears democratic, with many raising their voices at once.

But an actually democratic process with secret ballot may have different results.
One route for those pending cancellation may be to call for a fully representative secret ballot "election".

A snap plebiscite sent either to all employees, or done as a poll of the general public.

The results would show who is truly out of step with internal or public opinion.
Read 7 tweets
14 May
The ethical case for crypto:

- privacy
- free markets
- free speech
- decentralized truth
- computational rule-of-law
- economic alignment > polarization

The next rules-based order is made of code: not nationalist or socialist, but internationalist, capitalist, and fair to all.
I’ve been in the space a while.

@bariweiss has put together perhaps the most substantive public discussion yet between the crypto and fiat communities — represented by me and @profplum99 respectively.

Worth your time!
bariweiss.substack.com/p/is-bitcoin-a…
Why do I say it’s substantive? We’re moving from an era where people pronounce crypto a bubble to one where it’s taken seriously.

Tulip mention notwithstanding, this exchange is a step forward in that sense.
Read 4 tweets
8 May
What happens if inflation actually does go vertical?

Digital stays cheap, but physical becomes a premium product. Zoom > flights, Twitter > theaters.

Even more of life would crowd onto centralized tech platforms.

Crypto thus saves us in two ways: BTC and tech decentralization.
The financial crisis & COVID were both stimuli for the digital world.

Printed money & negative interest rates drove funds to higher risk tech stocks.

And the physical world became more expensive (or even inaccessible) thanks to the state.

Inflation will have a similar effect.
The idea that inflation favors the digital world isn’t one I had fully put together till recently.

Basically, a rise in commodity prices is passed through to all physical products. If oil soars, flights are more expensive. But Zoom’s marginal costs don’t increase as much.
Read 4 tweets
6 May
Feels like the AI version of this is extremely doable with today’s technology.

The truly personal life coach. Angel (or devil?!) sitting on your shoulder telling you what to do.
Implementation:

- Bootstrap avatar from someone’s photos, audio, and videos
- Implement some kind of speech2text
- Integrate GPT-3 for dynamic conversation
- Add scripts for various moods: working out, focus, etc

Nothing here is impossible, but getting it polished is hard.
Then there’s another version, which is the AI influencer life coach. Train on their podcasts and text and video. Ask for advice at any time.

Maybe the influencer themselves gets a cut for use of their likeness?
Read 5 tweets
4 May
Elon is a visionary. Tweets about Woke James Bond and it instantly becomes reality. 😁
There are many who still think the US government has some reserve of competence, that the military is “based” or whatever, that the unreality stops at some unmarked door.

That illusion comes from Hollywood. The reality is that they are woke morons too. And so empire is ending.
“I am a cisgender millennial with generalized anxiety disorder.”
Read 6 tweets
2 May
I don’t even understand why @elonmusk is bothering with SNL.

If he did Tesla TV or SpaceX Satellite Radio, he’d have his own media arm.

Make @BoredElonMusk the inaugural editor-in-chief. And build an international audience that dwarfs these aging American media properties.
Elon has 52M followers. SNL has 3M. He was doing their corporate parent (Comcast!) a favor.

We need to stop doing these kinds of favors.

Build our own outlets, hire editors-in-chief, make our own movies, tell our own stories, think internationally, and — above all — go direct.
Starlink is a direct competitor to Comcast.

SNL Studios is at least partially owned by Comcast, and is broadcast from the Comcast Building.

So: why should @elonmusk give free content to direct competitors? Give it to Starlink & Tesla customers instead.
corporate.comcast.com/news-informati…
Read 4 tweets

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