Hosted an amazing event for UC Berkeley students interested in AI at the Law School today. They didn’t kick me out because I support Stanford Cardinals
I just had a profoundly depressing dinner with one of my friends in the crypto space. I can't say too much about who this is, other than that he's former military in a nation very friendly to the United States and someone who firmly believes in financial inclusion and fairness. Also hates crime and preying on the financially unsophisticated. Here are some quotes he let me share:
"This Treasury news is actually great news for the space. Projects will finally give up on US users, and the US to wall itself off and become a backwater. Good! I'm tired of everyone gimping the tech just because the US can't stand to have big banks lose their monopolies. We created the best tool ever for opening up capital markets and US regulators are like oh no, Jamie and David might not get their ninth mansions! Fuck 'em. The world will be better off with the US on the sidelines with how much they've been a negative influence in crypto. Don't even get me started on the whole AML regime, which solves close to zero crime but the US uses to spy on everyone."
"It's evil. If you wanted to think of how to fuck over the average person and make sure they were trapped inside monopolies that bleed them dry, [banning crypto] is how you would do it."
"Blockchains are much better for catching criminals. They are public! And permanent. Just a matter of time until we find the bad guys. And we do you know? Someone trying to stop blockchain? I wonder what their motive would be, you know? Makes you think. Wonder how much money US regulators and politicians are taking in bribes that moving it all on chain is so terrifying to them."
"People will be over the dollar. Everyone always talks about reserve currency this treasury debt that, but no. What matters is do people use it to pay for things? Does the money circulate? Now, with the US just blocking crypto, you're going to get Euros or something on a blockchain. No dollars. And the more blockchain, the more it gets used. Soon, everyone everywhere will just use that. Dollar will slowly die off on chain, and as more things go on chain, you never paid with dollars in the first place. US will regret it, but it's too late for that. Imagine having banned e-commerce from using dollars in 1995? Dinosaur things."
"Look, I know you keep talking about moving outside the United States, but maybe this will finally get you to do it, huh?"
To be clear, I'm not saying I agree with everything here, but I think it's important that we understand what the perceptions of our actions are becoming, especially abroad.
As a US citizen, it's depressing to see our country forcing the best talent offshore, causing founders to leave to go to other nations to build businesses, and giving away the foundational pieces of future technology. But this is where we are at.
I hope we change, but watching how things are unfolding, I am beginning to think we will look back at this in 20 years as the beginning of the end of US dominance of financial markets.
Today we’re releasing “The A.I. Dilemma” – a new talk @aza and I gave on 3/9, a week before GPT4 launched.
*Pls share it widely.* It's critical for institutions to understand how the race between AI labs is accelerating the likelihood of catastrophe:
https://t.co/AMphLEUXc3
FTX's failure doesn't justify a rush to regulate in the US.
FTX is a non-US exchange based in the Bahamas. By design, it didn't have any US customers so that it wouldn't be subject to US jurisdiction.
There is no law Congress can pass to prevent the failure of an offshore firm.
Found an ETH address that bought hundreds of thousands of dollars of tokens exclusively featured in the Coinbase Asset Listing post about 24 hours before it was published, rofl
If you are a company CEO and you are worried about the effect of inflation on your employees, here are a few things you can do:
1. Pay your employees more
First priority is supporting Ukrainians. Second, and also really important, priority is supporting those Russians and Belarusians who refuse to let Putin's Z-ombie regime represent them and take action to oppose it.
It would be an amazing gesture if a European University would openly welcome Russian students kicked out for protesting war in Russia, signaling that Europe stands with those in Russia that oppose Putin and oppose the war. That not all Russians are treated as Putin&Co
This post contains the most comprehensive list of refugee assistance, relocation, and evacuation resources for Ukrainians that I've seen. Please RT and share this
(Facebook and Telegram are required to access most of these resources) #Ukraine#Україна 🇺🇦
https://t.co/9Jr5ttbnKF
@ManuAlzuru https://t.co/9Jr5ttbnKF - this post contains the most comprehensive list of resources I've seen. Go to section 2 to see pickup/evacuation resources specifically for those in Ukrainian cities
@ManuAlzuru https://t.co/pDQyyjw9nv - this post contains the most comprehensive list of resources I've seen. Go to section 2 to see pickup/evacuation resources specifically for those in Ukrainian cities
Translation: It is not only the Ukrainians who are fighting against your fascism, thousands upon thousands of Russians have declared war on you Putin! Soon there will be hundreds of thousands, and then millions #notowar#GlorytoUkraine 🇺🇦
Не только Украинцы борются с твоим фашизм Путин, десятки тысяч русских людей объявили тебе войну! Скоро их будет сотни тысяч, а потом миллионы #нетвойне#СлаваУкраїні 🇺🇦
1/ Russia can't & won't use crypto to evade sanctions.
Concerns about crypto's use for sanctions evasion are totally unfounded. They fundamentally misunderstand:
- how sanctions work
- how crypto markets work
- how Putin is actually trying to mitigate sanctions
I'll explain 🧵