Ian Tozer

[Ray Dalio @RayDalio]

https://t.co/ZNaQtDhoH6

[Ian Tozer @i_tozer]

@naval An enemy of truth is motivated reasoning.

[Elon Musk @elonmusk]

𝕏 Money early public access will launch next month

[Ian Tozer @i_tozer]

@R89Capital https://t.co/Cdlmfjxc6h

[Ian Tozer @i_tozer]

@R89Capital @MeanHash @zano_project why no?

[Ian Tozer @i_tozer]

@LuxLode the value solo auditors with public audit results can provide is very underrated

[Ian Tozer @i_tozer]

@StaniKulechov BoE are also currently hiring for a CBDC engineer

[Ian Tozer @i_tozer]

A transparent marketplace would be better at this rate imo.

Skills accrue to auditors.

Reputation accrues to firms.

Clients see a “top-tier” firm and think they’ll get a good audit which is not necessarily true.

Who audits is so much important than what firm they are from.

Firms are in some cases just expensive wrappers since many SRs are on contractual basis anyway.

[Ian Tozer @i_tozer]

@0x3b33 To win here one must wield the dark arts of psychology

[Ian Tozer @i_tozer]

I think we have an on going problem in the industry with big brand audit shops and perceptions around reputation, quality and pricing.

We're just going to end up with a big-4, KPMG / EY / Deloitte style consolidation if nothing gets done.

I think the root cause issue is that reputation is accruing to firms, whereas skills accrue to the auditors.

Big brand firms obviously invest a lot into business development, and also use fear and reputation to sell - They offer "Elite Security"!

Clients then hire based on firm reputation, or desire for rubber stamps. They undervalue who actually audits, despite that being critical to audit quality i.e. If I get an audit from company XYZ, then it must be good!

I know Zenith solve this with their hiring approach but the issue persists industry-wide regardless...

Then the firms develop backlogs which compromise quality and clients complain about price + quality.

And in many cases the firms are essentially expensive wrappers since the auditors are contractor-based anyway.

Then from the auditor side, if you're relatively unknown you gotta compete for questionable EV in competitions &/or bounty hunt like a savage. Getting actual client work is difficult, and project leads are already hounded by audit shop BD people.

I find being independent and maintaining independence as an auditor very difficult. Maybe it's a skill issue, but I have some performance evidence to suggest otherwise.

One idea I've been thinking about is a marketplace where each warden sets their own day rate including incentives for medium and high

They then auction their time in fixed 1 to 3 month time-blocks, or clients can hire, or assemble teams of auditors based on those who are available.

Maybe it's a terrible idea. Perhaps no one wants to show their day rates. Perhaps it fails because of perception of quality.

However, I think we should do something about the "middle class" of auditors through an open marketplace, otherwise we end up in this all or nothing situation.

The key is that skill and reputation accrue to the auditor, not the firm.

[Ian Tozer @i_tozer]

Smart contracts + ZK + AI combined allow us to experiment with a totally new form of democratic governance. Referendum-driven governments where citizens vote one-to-one, with votes executed by AIs as proxy voting servants, and ZK plus services like Venice AI for privacy.

[Ian Tozer @i_tozer]

@muellerberndt Reading your latest work now. Big respect and see you on Bluesky. Thank you for your contributions and for sharing your ideas.

[Ian Tozer @i_tozer]

@WilliamJHague An unhealthy democractic system is becoming incompatible with social media

[Ian Tozer @i_tozer]

@aaa_brain @themarketsniper @TheCryptoSniper Source: https://t.co/n63tJDC5fI

[Ian Tozer @i_tozer]

@arsen_bt Defendor

[Ian Tozer @i_tozer]

https://t.co/eVCdYdLv8o

[Ian Tozer @i_tozer]

Excellent podcast
- BRICs will settle in Gold Bricks
- The US stock market is the US economy
- PPP is "pew pew pew" 🔫 (Purchasing Power Parity; if you have high PPP, you win the wars)
- China saves in factories (not in stocks)
- SWIFT is a v. legacy stack
and more

[Luke Gromen @LukeGromen]

A few months ago, I got the opportunity to sit down with @balajis for a conversation on the @ns podcast.

We talked about a # of structural issues within macro - a full table of contents & the conversation is below; a YouTube link can be found below that. Thx for having me on!