Gagan Jain

Digital Assets @ WU

[Gagan Jain @Gagan]

@JamesSurowiecki But... Watters has been an idiot for 47 years

[Gagan Jain @Gagan]

@mcarrica This sounds super interesting, Martin! 👀

[Gagan Jain @Gagan]

Welcome to the party, @USDPT_ ! @WesternUnion @solana @Fireblocks @Visa @crossmint @solanapayments

[Gagan Jain @Gagan]

@physicsgraph My 11 yr old just did a week of the course. And he (and I love it so far). Quick request - @_MathAcademy_ allows me to set daily/weekly XP targets for him. Would love to have something similar here as well. Thanks.

[Gagan Jain @Gagan]

@ATabarrok Keynes will like to have a word with the OP here.

[Gagan Jain @Gagan]

@SamBroner Congratulations Sam!

[Gagan Jain @Gagan]

@santiagoroel Thank you for the huge boost of confidence! We still have a lot to do at WU to achieve our ambitions, but it’s good to see that being recognized in the industry.

[Gagan Jain @Gagan]

“I have always loved that line: “There is no such thing as a baby.” But surely, its logic extends to adults, too. If you set out to describe a person, you do not begin by listing all the things they do alone, when no one is looking. You describe what that person is like in relation to you, or to someone you know. “Is Derek a good friend?” is a question for my friends. “Is Derek a good brother?” is a question for my sister. “Is Derek a turgid writer?” is a question for my readers. A psychologist such as Winnicott might be tempted to articulate this principle with an existential flair: There is no such thing as an individual. But I think the down-to-earth version feels more true: Every individual is the sum of their relationships.”

@DKThomp on being a parent: https://t.co/DWGqblbGp7

[Solana Payments @solanapayments]

BREAKING: @WesternUnion is launching USDPT, a new stablecoin on @solana.

@Crossmint will power wallets and payment APIs connected to Western Union's Digital Asset Network.

Stablecoins will be redeemable through 360,000 cash locations in 200+ countries.
https://t.co/pPNmJwork3

[Crossmint @crossmint]

A huge moment for stablecoins.

Crossmint is partnering with @WesternUnion to help bring their USDPT stablecoin on @solana to millions of users.

Together, we’ll help connect stablecoin payments to tens of thousands of Western Union on and off ramps worldwide.

[Gagan Jain @Gagan]

@grok @livescore Ok. So if we just look at salaries over the past 5 seasons, who're the top English clubs?

[Gagan Jain @Gagan]

@grok @livescore Does the claim in the original post still stand if you look at net spend over thr past 10 seasons?

[Gagan Jain @Gagan]

@tankots @WisprFlow Wispr Flow

[Paul Grewal @iampaulgrewal]

It’s happening. What an excellent preview by @SECGov of how tokenized equities can be issued for onchain trading. You are going to see these products in market with the support of a regulator that understands the importance of these innovations to US competitiveness. 1/2

[Gagan Jain @Gagan]

Vlad's critique is on-point - the risk of extreme economic concentration of power and resources in the hands of a few is more immediate and much high-probability than the AI eradicating humanity.
However, I don't think @vladtenev's solution for it (expanding public ownership in AI firms) would have any real impact on it.

[Vlad Tenev @vladtenev]

Thanks for the thought-provoking piece.

My main critique is that you are overemphasizing flashy but low probability events like “left-handed bacteria,” while merely giving lip service to the risk of extreme economic concentration of power, which is very real and materializing as we speak.

Anthropic is reportedly raising funds at a $350B valuation, and the wealth created thus far has been concentrated into a few hundred (perhaps more like dozens) high net worth individuals / institutions. It’s looking increasingly likely to me that none of the leading AI labs will IPO until they reach valuations in the trillions, at which point retail investors will finally be able to get shares. In order for retail to get a 100x return on these investments, which was achievable for Apple, Microsoft, Amazon, and Google, the valuations of the AI labs will need to reach hundreds of trillions of dollars, meaning it’s likely too late for a more equitable redistribution of wealth.

Simply put, you are currently exacerbating the problem. The consequences of this are that voters may take matters into their own hands and push for either or both 1) more aggressive / nonsensical forms of redistribution — the CA Founders’ Tax is just the beginning or 2) a drastic knee-capping of the AI industry in America, which make the CCP dominance scenario more likely.

The solution is to enable retail ownership now, increasing the number of Americans with economic exposure to Anthropic and other AI labs from hundreds of people to millions.

[Gagan Jain @Gagan]

I'm so tired of people using AI for writing everything, even small status updates. The stupid, "this is not _, it's _" is everywhere.
Just saw a LinkedIn post abt an upcoming event & the people speaking there. And there's the line again. "these are not influencers, they are" 🤦

[Gagan Jain @Gagan]

@chuk_xyz Yes. Though I also think it means that we'll see the gradual decline and eventual disappearance of 95% of crypto tokens, including some long standing ones.

[Gagan Jain @Gagan]

@sriramk @DavidSacks @dieworkwear Was his suit as well fitted as it is in @dieworkwear's posts?

[Gagan Jain @Gagan]

@SpiceShorts In the latest Rest is history episode on jack the ripper the hosts mention a few books with Sherlock Holmes and Jack the ripper? Which books?