Ethan Dong

Founder & CEO @Moego_pet | value driven entrepreneur

[Ethan Dong @ethan_dong]

@james_oluborode @FabrizioRomano what if nothing happened?

If I accuse you being racist to me with no proof, should you be in jail now?

[Ethan Dong @ethan_dong]

@abanga_lateef who this girl? she looks familiar @grok

[Ethan Dong @ethan_dong]

@fayzee_utd @elonmusk what about "concerning" lol

[Ethan Dong @ethan_dong]

@songpinganq @elonmusk @JessePeltan what a hypocrite.

[Ethan Dong @ethan_dong]

@Mishi_2210 36

[Ethan Dong @ethan_dong]

@GIbhadon74687 @BEANlE @FabrizioRomano this is a zero football IQ comment.

[Ethan Dong @ethan_dong]

@BEANlE @FabrizioRomano where are these non-sense entitlements coming from?
He was given 10+ games this season and did it poorly and cost club a ton, the club did the right thing to sub him due to his performance. it's that simple.

[Ethan Dong @ethan_dong]

@alpaysh legend 😂

[Ethan Dong @ethan_dong]

@esjesjesj lol such an idiot, can't even tell the difference between legal immigrant & the illegal ones.

[Ethan Dong @ethan_dong]

he could've just responded with a very short / direct answer. Usually people couldn't concisely respond to questions like this were either this person has no clear idea about his/her motivation or he's not willing to uncover his true feelings. Apparently Sam doesn't fit in the 1st category :)

My distant feeling about Sam is that his deep motivation is more about power seeking, and this is also his superpower which were identified by Paul Graham. This is not denying that he's a superb entrepreneur with good heart to achieve something great.

I believe @elonmusk knows this better 😁

[Ethan Dong @ethan_dong]

@sama lol

[Ethan Dong @ethan_dong]

@greg16676935420 This means that the condom's failure rate is only 0.1%...not too bad!

[Ethan Dong @ethan_dong]

@davidmarcus @pmarca @joerogan Worth spreading!

[David Marcus @davidmarcus]

How Libra Was Killed.

I never shared this publicly before, but since @pmarca opened the floodgates on @joerogan’s pod, it feels appropriate to shed more light on this.

As a reminder, Libra (then Diem) was an advanced, high-performance, payments-centric blockchain paired with a stablecoin that we built with my team at @Meta. It would’ve solved global payments at scale. Prior to announcing the project, we spent months briefing key regulators in DC and abroad. We then announced the project in June 2019 alongside 28 companies. Two weeks later, I was called to testify in front of both the Senate Banking Committee and the House Financial Services Committee, which was the starting point of two years of nonstop work and changes to appease lawmakers and regulators.

By spring of 2021 (yes they slow played us at every step), we had addressed every last possible regulatory concern across financial crime, money laundering, consumer protection, reserve management, buffers, and so much more, and we were ready to launch.

We had worked on a slow rollout of a limited pilot that some members of the Fed’s Board of Governors were supportive of. At last, Chair Jay Powell was ready to let us move forward in a limited way. The story, as I heard it, is that Jay Powell was told by Treasury Secretary Janet Yellen at one of their biweekly meetings that allowing this project to move forward was “political suicide,” and she would not have his back if he let it happen. I wasn’t in the room when this conversation happened, so take these words with a grain of salt, but effectively this was the moment Libra was killed.

Shortly thereafter, the Fed organized calls with all the participating banks, and the Fed’s general counsel read a prepared statement to each of them, saying: “We can’t stop you from moving forward and launching, but we are not comfortable with you doing so.” And just like that, it was over.

One essential point is worth making here. There was no legal or regulatory angle left for the government or regulators to kill the project. It was 100% a political kill—one that was executed through intimidation of captive banking institutions. That was the hardest part of this story for me personally. Not that we had failed, but that America, this country I immigrated to and became a proud citizen of because of its rule of law and value system, behaved in such a way for political reasons. It was a very tough pill to swallow.

The bright side of the story, though, was the many learnings from this wild ride. By the end of the project, we had made so many concessions to get a thumbs-up that the whole design of the network became a Frankenstein of our initial ambitions.

We also learned the biggest lesson of all, which is that if you’re trying to build an open money grid for the world—eventually moving trillions of dollars a day, designed to be here 100 years from now—you have to build it on the most neutral, decentralized, unassailable network and asset, which, hands down, is Bitcoin.

And now this is what many of us who went through this scarring journey are building together at @Lightspark. And this time, we won’t stop until we get it done!

[Ethan Dong @ethan_dong]

@ZelenskyyUa 6

[Ethan Dong @ethan_dong]

@naval Does this mean that the Internet would destroy US but tolerate China, as China is under a complete centralized governance, while US to me, seems like more like semi-decentralization.

[Ethan Dong @ethan_dong]

Worth spreading

[Elon Musk @elonmusk]

Ralph Nader, you are lying – shame on you! I personally provided almost all Tesla funding, based on my proceeds from PayPal, from Series A in 2004 until Series C in 2007.

In late 2008, I gave Tesla the last money I had. It was that or the company would have died. We closed that funding round at 6pm on Christmas Eve.

If we had not closed that round, Tesla would have gone bankrupt 2 days after Christmas. I gave my last money thinking Tesla would probably still die, not thinking that it would be lucrative.

The first meaningful government funding Tesla received was in Q2 2010 from a loan under the vehicle efficiency lending program. Tesla paid back that loan early with interest. Taxpayers actually made a profit.

@CommunityNotes

[UX Anudeep @AnudeepAyyagari]

As there is nothing else to do now, let’s just dance along with Adobe XD and Figma

[Ethan Dong @ethan_dong]

@briannekimmel SaaS for pet care business, MoeGo (https://t.co/0JQr23rtOZ), in case you wouldn't wanna miss it.

[Ethan Dong @ethan_dong]

@OMichael_eh @KHAMCHANH @Akirahhhh_ @everchos3n @al3x_thoma5 @jasondebolt @elonmusk @SenSanders @BernieSanders These bots are cute, bro. save some energies.