Remember, they don't really care if your crypto is stolen. They're more interested in stealing your crypto. archive.ph/OBe82
Nov 26 • 4 tweets • 2 min read
With companies, people know the words may not match reality. Just because some folks are starting a social network, and using all the same words as Facebook, doesn't mean they'll execute like Facebook.
But many of the same people think laws do what they're claimed to do.
People generally only see the words emitted by a politician or corporation. They can't really see the actions. Voting records & balance sheets are currently less legible, less visible, less verifiable, than tweets.
This is a huge shift from the Zuck/Jack era. From social media as neutral utility, to social media as founder-moderated community.
At the same time we also have a shift towards decentralized social, like lens.xyz.
These seemingly opposed trends sum together. A previously “neutral” commons fractures into 1000 decentralized pieces, each with a known sysadmin that imbues it with character.
Nov 15 • 11 tweets • 7 min read
The net result of FTX is that billions of dollars was stolen from crypto investors to give to Democrat-aligned politicians, nonprofits, and journalists.
This is why there may be no prosecution.
Why is SBF so protected?
Why is everyone from SEC to NYT running interference for him?
He was basically Soros junior — just with stolen customer money — and evidently bought off the entire media, nonprofit, political, and regulatory establishment. archive.ph/HYdcM
Nov 12 • 4 tweets • 2 min read
Pagerank is one way to quantify reputation. How do we quantify trust?
There’s a fair amount of literature on the Trust Game from game theory. And surveys by organizations like Edelman. And various works on social capital.
Two of the very best hardware companies of recent times — Oculus and Fitbit — had to eventually be acquired by software companies with high margins that could fund the punishing costs and uncertainty of hardware development.
Nov 5 • 5 tweets • 2 min read
Mobility is liquidity.
Cash is king, but passport is queen.
Nov 5 • 6 tweets • 2 min read
The answer may be a flipped conference, by analogy to a flipped classroom.
In a normal classroom, you attend lectures as a group and do homework by yourself.
But in a flipped classroom, you watch lecture videos by yourself and discuss homework in a group.
The fact that the Ochs-Sulzbergers have now reinvented themselves as cheerleaders for Ukraine (!) after literally abetting the Holodomor is like Julius Streicher turning himself into a champion of Israel.
India is its own power center.
It’s returning as the third great pole on the world stage.
Alongside Abrahamic West and Sinic East, a Dharmic South.
It’s a billion-plus people, now mostly online, and rising fast.
It’s not a colony anymore.
And so it has its own foreign policy.