@wsbmod Agreed 100%. I guess my point more precisely is that his actions are more easily defensible if and only if it’s equally difficult for him/telegram to acquire/collect the data with which the governments struggle.
I’ve yet to see a mention of what I believe to be an interesting consequence of Durov’s apprehension.
I’d suspect the case to be contingent on the integrity of telegram’s encryption.
The prosecution should have to prove Pavel’s awareness of the illegal activities they are charging him with facilitating.
Signal cabal watching closely
It’s not abt being a tech billionaire. Pavel/TG refused to provide some 3 letter agencies w backdoor read access, a request to which others comply (WhatsApp, sms, iMessage, etc). It’s an admirable, OG cypherpunk stance by Durov, as seen by the people.
My main point however, is Durov’s non-compliance is admirable if and only if there was no backdoor whatsoever (true e2ee). If he/telegram core had such read access, his current position seems much less defensible.
Excitement around this infuriates me.
Western medicine will prescribe drugs before prescribing behavioral changes, and we wonder why American healthcare is falling apart.
Did an experiment with a small $AMC market sell to see how bad I’d get filled (book showing sufficient liquidity within 5bps).
Got filled 4.6% below the _bid_
Vlad I understand Kenny needs to make a spread but Ceasars offers a lower VIG on Knicks ML
This is why they hate the suits
> independently discover a Zeno's paradox at age 3
> MIT at 17, grad level math in 1st year
> graduate in 3 years
> drive motor scooters from Boston to Bogotá with the boys
> start a company in Colombia
> start code breaking with the IDA for money
> solve minimal varieties in riemannian manifolds
> speak out against Vietnam War, get fired from IDA
> take over math dept. at Stonybrook, make it a top-ranked program globally
> develop Churn-Simons theory, accidentally contribute more to physics than most physicists
> get bored with math, start modeling financial markets
> return 60% for 4 decades straight
> establish one of the most effective philanthropic organizations of all time
> chain smoke cigarettes the entire time
RIP Jim 🫡
> independently discover a Zeno's paradox at age 3
> MIT at 17, grad level math in 1st year
> graduate in 3 years
> drive motor scooters from Boston to Bogotá with the boys
> start a company in Colombia
> start code breaking with the IDA for money
> solve minimal varieties in riemannian manifolds
> speak out against Vietnam War, get fired from IDA
> take over math dept. at Stonybrook, make it a top-ranked program globally
> develop Churn-Simons theory, accidentally contribute more to physics than most physicists
> get bored with math, start modeling financial markets
> return 60% for 4 decades straight
> establish one of the most effective philanthropic organizations of all time
> chain smoke cigarettes the entire time
RIP Jim Simons, I wish I got to meet you 😓
Tremendous opportunity on the supply side of this paradigm, if you are equipped for the regulatory requirements. Collect massive fees on publicly traded vehicles offering exposure to hot private companies.
An operator could charge 3% mgmt on a closed end fund with OpenAI at $86b, and it would certainly trade at a premium. Run back the playbook with SpaceX, Anthropic, Neuralink, Anduril and enjoy the cash flow.
DXYZ is the perfect case study; incredible demand despite poor execution. Destiny bid the hottest ‘21-‘22 names no matter the price, down big on almost everything beside SpaceX.
It’s currently trading beyond 5x book.
A private-market ETF quietly launched this week -- NYSE: $DXYZ. 35% of it's holding are @SpaceX, but there's also exposure to @boomsupersonic, @openai, @brex, @stripe, @flexport, and a bunch of other great startups
Not investment advice, but interesting.
https://t.co/HhhKcO9q2J