HeyMigs

#bitcoin

[DAN KOE @thedankoe]

https://t.co/7l7Jef99QZ

[Hayden Adams 🦄 @haydenzadams]

Today @Uniswap Labs received a Wells notice from the SEC.

I’m not surprised. Just annoyed, disappointed, and ready to fight.

I am confident that the products we offer are legal and that our work is on the right side of history. But it’s been clear for a while that rather than working to create clear, informed rules, the SEC has decided to focus on attacking long-time good actors like Uniswap and Coinbase. All while letting bad actors like FTX slip by.

When I first set out to build Uniswap, the goal wasn’t to reimagine finance.

It was an experiment in radically decentralized, fully automated onchain markets. I didn’t know if it would work or if anyone would use it.

Fast forward to today, the Uniswap Protocol has processed over $2 trillion in volume. Many thousands of teams and developers have forked our code or built on top of it. We built entirely new financial infrastructure that is transparent, fair, secure, and accessible powering an entire industry.

The team at @Uniswap did all of this in the US from our office in New York City.

People often ask me why we stay in the US and my answer is simple: I believe that blockchain is incredibly powerful technology. Like the Internet, it’s here to stay. So someone needs to figure it out, and it might as well be us.

And that when you build technology that improves people’s lives – you don’t need to hide.

The @SEC’s mission is “protecting investors, maintaining fair, orderly, and efficient markets, and facilitating capital formation.” This is a noble mission. I would argue @Uniswap does a far better job of this today than the SEC.

Yes, I'm frustrated that the SEC seems to be more concerned with protecting opaque systems than protecting consumers. And that we'll have to fight a US government agency to protect our company and our industry.

This fight will take years, may go all the way to the Supreme Court, and the future of financial technology and our industry hangs in the balance. If we stand together we can win.

I think freedom is worth fighting for. I think DeFi is worth fighting for.

And of course, we won’t stop shipping. Stay tuned

🦄💜

[Christian Dean @christiandean_]

In the Elon Musk biography, Isaacson tells of a poker game where Musk went all-in every time until he won.

It's an analogy for how Musk - in Peter Thiel's words - "understands something about risk that everybody else doesn't", and how he's able to create companies that seemed impossible to everyone else.

I think the thing that Musk understands about risk that everybody else doesn't is what David Deutsch calls The Principal of Optimism.

P.O.O: Anything which is not prohibited by the laws of physics is possible given sufficient knowledge.

Musk has often referred to the laws of physics being the only constraint, like here:
https://t.co/nOcUA1swhf

Why is this interesting?

Personally, I think the Principal of Optimism is one of the most significant discoveries in Philosophy made this century.

Anytime you face a difficult problem, you can ask:
"Do the laws of physics say solving this problem is impossible?"

If the answer is no, then you know that there's only one thing in between you and the solution: knowledge.

And thanks to Karl Popper in the 20th century, we know the only way to create knowledge is through trial and error.

Conjecture and refutation.
Guess and check, and guess again.

You see this philosophy in action at SpaceX.

They got through 3 or 4 rockets before landing their first Falcon in 2015.

Trial and error.

And we all watched recently as they launched and blew up the biggest rocket to ever leave the Earth, yet calling it a "success" for simply detaching Starship from the booster.

Guess and check, and guess again.

And so in this way, even the most seemingly outlandish problems like landing (or catching) rockets falling from space become tractable issues to be solved by a small dedicated team.

While all the greatest entrepreneurs are singular individuals, on a deeper level, they all share a common trait: they don't take anyone's word for it. The only constraint they impose on themselves is that imposed on them by the laws of physics.

They're all guided by the same principal.
The Principal of Optimism.

[ian bremmer @ianbremmer]

can’t stop watching this
change in earth’s ice/vegetation over one year:

[Nassim Nicholas Taleb @nntaleb]

When you engage in a business or any risky venture, treat negative outcomes as if they were likely, and positive ones as if they were a mere possiblity.

[Dr Jordan B Peterson @jordanbpeterson]

He's a very kind soul and takes a joke with exceptional grace...

[HeyMigs @heymigs]

@PythonWithRune 🙋‍♂️ “I want it”

[HeyMigs @heymigs]

@OlivioSarikas

[Paul Couvert @itsPaulAi]

ChatGPT is just a single star in the AI galaxy.

More than 1,000 new AI tools were released last week.

Here are 8 insane AI websites that will save you hours of work:

[Lyn Alden @LynAldenContact]

A trend that has been in place for decades is that people underestimate how quickly software will change the world and overestimate how quickly hardware will change the world.

[HeyMigs @heymigs]

@gummibear737 @AJKayWriter

[sarah @sahouraxo]

"Those who killed Muammar Gaddafi, today are coming to teach us about democracy."

Zambia's opposition leader, Fred M'membe, blasts Kamala Harris during her visit to Africa.

Absolutely powerful speech 🔥

[markgoodw.in @markgoodw_in]

If you’re on a Mac, open a Terminal and type the following command:

open /System/Library/Image\ Capture/Devices/VirtualScanner.app/Contents/Resources/simpledoc.pdf

[Nassim Nicholas Taleb @nntaleb]

Let me be blunt. Those who are afraid of AI feel deep down that they are impostors & have no edge. If you have a 1) clear mind, 2) a deep, not just cosmetic, undertanding of your specialty, 3) and/or are original enough to reinvent yourself when needed, AI will be your friend.

[Balaji @balajis]

What happens if they block the crypto rails?
Then P2P Bitcoin exchanges may be a backup plan.

- https://t.co/21KUAuRrUd
- https://t.co/4D4hgM5jk9
- https://t.co/RyMkGWTv1Y
- https://t.co/krSmRjaUW9
- https://t.co/Y5RDmvypMo

Caveats
1) Please note that this is just about awareness of the concept of P2P Bitcoin exchanges, and not an endorsement of any of these specifically.
2) I also recognize that it's hard to move anywhere near the volume you can move with fiat rails.
3) And ideally you just want states to side with Bitcoin, like El Salvador or Florida.
4) Nevertheless, it's good to have multiple backup plans.
5) The list comes from this review by @foundationhq: https://t.co/iscdewcHjg

[Gummi @gummibear737]

The price of staples is going to skyrocket

This is the greatest office supply crafts project in human history

[davidad 🎇 @davidad]

OpenAI: It’s important for safety that AI-generated code doesn’t have direct real-world effects. So we disabled Internet access on the REPL that we’ve given ChatGPT-4
also OpenAI: we’ve partnered with Zapier to enable ChatGPT-4 to execute over 50,000 actions across 5,000 apps

[Daniel Batten @DSBatten]

The report is up

Bitcoin's major power source is now HYDRO

(23% of all power)

Fossil fuel sources have been decreasing at a combined 6.2% per year since Jan 2020

Methodology and full report:
https://t.co/IqAjwEPEtf

[Balaji @balajis]

I will take that bet.
You buy 1 BTC.
I will send $1M USD.
This is ~40:1 odds as 1 BTC is worth ~$26k.
The term is 90 days.
All we need is a mutually agreed custodian who will still be there to settle this in the event of digital dollar devaluation.
If someone knows how to do this with a smart contract, we can do it on chain, so I can send USDC.
If you won't do that, name a custodian.
#BitSignal