Sumanth

#Bitcoin

[Sumanth @SumanthMurali]

@Gargantua2100 @RMantri You - understanding what happened.

Doubt it.

[Sumanth @SumanthMurali]

@acitizenwrites @RMantri Nah there's just freedom of speech

[jack @jack]

the government of india does not like technologies like bitchat and wants it taken down

[Sumanth @SumanthMurali]

@unclesims @SullyCNBC Why is it unfair? What needs to be "fixed"?

[Jeff Bezos @JeffBezos]

Please do a quick read of this. It’s short, well written, and will remove a bit of wool from over your eyes.

[Sumanth @SumanthMurali]

@milessuter @CashApp Increase the withdrawal limits

[Ramesh Srivats @rameshsrivats]

I think the difference between a developed country and an undeveloped country is not income inequality.

It is power asymmetry.

In undeveloped countries, people in government, be it politicians, civil servants or judiciary, have an extraordinary right to trample on citizens and their rights.

That's the problem in India today.

Call it VIP culture. Call it unaccountability. Call it arrogance. In fact, call it toll exemptions, security clearance, whatever.

It all stems from a core belief that people in power are somewhat superior. So, they can get away with doing anything to people who don't have power.

The recent police videos and the SDM video are all examples of that.

It's only because of social media that these things even come to light - probably less than 0.001% of the daily sapping, brutal exercise of power.

So, if we want "Viksit Bharat", we need to do two things.

The first is, of course, financial growth, infrastructure, and all that.

But that still won't be enough.

We have to get rid of the power asymmetry. That will truly make a difference.

Less discretionary power, less perks, less privileges, less "exceptions". And more transparency thru social media.

We become a superpower when 1.4 billion people have power.

[Sumanth @SumanthMurali]

@CashApp why is the #btc withdrawal limit so low?? 5k per week is insane. Who are you trying to protect?? This is worse than tradfi bank limits.

[Sumanth @SumanthMurali]

@CashApp why is the #btc withdrawal limit so low?? 5k per week is insane. Who are you trying to protect?? This is worse than tradfi bank limits.

[david friedberg @friedberg]

i’d argue you’re too easily moved by the choice words. “privilege” and “equality” are selected because they confuse the notion of fairness. another way to frame his statement “if you’re accustomed to succeeding due to hard work, ingenuity, risk/sacrifice, and, sure, some amount of luck, having the outcomes reset so that everyone is rewarded more equally feels unfair.”

is succeeding after making good choices, sacrificing personally, and working hard really “privilege”?

is it oppressive that everyone doesn’t get to the same place?

perhaps the real oppression is the loss of individual liberties when naively egalitarian philosophies mutate into marxism, denying opportunities for individual sacrifice, effort, and achievement to be rewarded.

framed as privilege v equality misses the mark.. equality of opportunity and equality of outcome are v different things. silicon valley’s most successful are the immigrants who found america as one of the only places on earth where an individual with zero baseline privilege can struggle and sacrifice and effortfully succeed. calling them privileged after the fact seems hardly the point. but an easy one to make.

[Sumanth @SumanthMurali]

@svembu So you want more division?

[AB de Villiers @ABdeVilliers17]

♥️ 🏆 @RCBTweets

[Royal Challengers Bengaluru @RCBTweets]

WE ARE THE CHAMPIONS.

[Naval @naval]

Anything the red Feds do, blue can undo, and vice versa.

But *transfer* power and money from the Feds to the states - both red and blue states will take it - and resist giving it back.

Make government compete daily across fifty models rather than every four years across two.

[Andrej Karpathy @karpathy]

Agency > Intelligence

I had this intuitively wrong for decades, I think due to a pervasive cultural veneration of intelligence, various entertainment/media, obsession with IQ etc. Agency is significantly more powerful and significantly more scarce. Are you hiring for agency? Are we educating for agency? Are you acting as if you had 10X agency?

Grok explanation is ~close:

“Agency, as a personality trait, refers to an individual's capacity to take initiative, make decisions, and exert control over their actions and environment. It’s about being proactive rather than reactive—someone with high agency doesn’t just let life happen to them; they shape it. Think of it as a blend of self-efficacy, determination, and a sense of ownership over one’s path.

People with strong agency tend to set goals and pursue them with confidence, even in the face of obstacles. They’re the type to say, “I’ll figure it out,” and then actually do it. On the flip side, someone low in agency might feel more like a passenger in their own life, waiting for external forces—like luck, other people, or circumstances—to dictate what happens next.

It’s not quite the same as assertiveness or ambition, though it can overlap. Agency is quieter, more internal—it’s the belief that you *can* act, paired with the will to follow through. Psychologists often tie it to concepts like locus of control: high-agency folks lean toward an internal locus, feeling they steer their fate, while low-agency folks might lean external, seeing life as something that happens *to* them.”

[Marc Benioff @Benioff]

This is really cool. I wonder how long before “Share My Location” on iPhone dispatches a drone to take a photo or begin a delivery. Feels close.

[stepfanie tyler @stepfanie]

bureaucracy vs. capitalism

[Naval @naval]

It’s a race between technology-driven abundance and government-driven poverty.

[Sumanth @SumanthMurali]

@abhijithguru @DoorDash I experienced the very same issue. Seems like they only value 5$ for a customer which is ridiculous given we pay at least 5$ per order to doordash. Customer service is a joke. #doordashsupport @DoorDash #doordash