DJ

Exploring digital highways and byways...

[Michał Podlewski @trajektoriePL]

Now we know why Peter Thiel packed his bags for Argentina.

Milei just submitted his AI legislative framework to Congress, where he proposes:
- zero regulation on AI development,
- a brand-new "non-human corporation" category for AI/robot-operated entities with limited liability
-a low-tax regime with flexible governance rules.

The Dutch East India Company gave the world the limited liability company in 1602. Milei wants Argentina to do the same for autonomous AI agents in 2026.

[Palmer Luckey @PalmerLuckey]

One funk to bring them all, and in the disco bind them.

[Marc Andreessen 🇺🇸 @pmarca]

Richard Sutton is of course a genius and a legend, and so self-recommending. My own view is that we didn’t have good definitions of either “novel” or “discovery” prior to AI, and so we will use AI to create many new things and never quite know what to call them.

[John Arnold @johnarnold]

America's cultural ideal has been the self-made entrepreneur while Europe's was rooted in aristocracy, with status inherited rather than earned. Europe's inheritance laws show this divide.

Many European countries have "forced heirship" laws that require people to leave 50-75% of their estates to their children. Want to leave the majority of your wealth to charity? not allowed. Your kids are estranged from you, struggling with addiction, or irresponsible? still required to give them the money. Want your kids to avoid a life of entitlement? tough.

Incredibly, these laws look back at transfers made during your lifetime. If you have 3 children in France, you're required to bequeath them a minimum of 75% of your estate. Because French law calculates this based on your assets at death plus all lifetime gifts, giving away more than 25% of your wealth while alive means your heirs can legally sue to force charities or foundations to return the funds. This has limited the development of the nonprofit sector on the continent.

The cultural gap between an entrepreneurial society and one shaped by dynastic wealth is enormous. If you make it yourself, you tend to want your kids to do the same. If you inherit it, the primary goal is protecting the estate for the next gen.

Countries like Spain, France, and Italy legally entrench family dynasties, while America has historically sought to limit them through estate taxes. The result is not only a weaker culture of philanthropy and civil society in Europe, but also less economic dynamism.

[DJ @itsdono]

The History of Black-Jewish Relations, and how it unraveled - with Coleman Hughes

https://t.co/J8CA3d5MXz

[Sam Lyman @SamLyman33]

Enjoy this video of Neville Singham addressing an audience of Chinese nationals as “comrades” as he rails against the American system and calls for “a new world order that is based on multilateralism that President Xi and the CPC and China have proposed.”

This man is a Marxist. Full stop. And yet, he funds one of the most influential nonprofit networks here in the United States to the tune of $278 million—all from his comfortable perch in Shanghai.

When Singham isn’t calling for the overthrow of “fascism” and US “imperialism,” his network is fighting tooth and nail to oppose the buildout of American AI.

Are you starting to see how this works?

[Mark Cuban @mcuban]

Call your senator and ask them to support this. Unless of course you think healthcare and insurance in this country are perfect

[Sam Lyman @SamLyman33]

Hasan Piker singled out the Shanghai-based Neville Singham as the "funding vehicle" for political agitation here in the United States.

This is a huge admission from one of America's biggest podcasters.

And it directly corroborates BPI's research on foreign influence in the campaign against American AI.

[DJ @itsdono]

@LaborforSPayer We already have a single payer healthcare system, it’s called the Veterans Administration, and it’s terrible

[Daniel S. Loeb @DanielSLoeb1]

As an investor (and a human generally) I can’t stress how important it is to understand that well financed, often foreign enemies are trying to influence public perception on a range of topics from AI to Capitalism. They also sow discontent around social issues and have largely created what some have observed as the woke mind virus. If there’s one thing we should and are failing at is teaching our children to think critically, a difficult task since many of their teachers aren’t capable themselves. It’s a bummer but as parents we also have to teach our kids to see the opinions of their school teachers and college professors with the same skeptical eye.

[Mark Cuban @mcuban]

Answer: if you don't price it high enough the insurance company PBM gets their vig, it goes no where.

They don't want theowest price. They want the most profitable price

The PBMs control the formulary for 80pct of the market. If you don't price it high enough to get them rebate money, they will not make it available to patients.

[Perianne Boring @PerianneDC]

Taxing unrealized gains is a direct attack on Bitcoin holders. You pay taxes on the highs—even if prices fall. That’s a forced liquidation system.

Bitcoin gives you an exit, but policy still matters. Engage.

H/t @ChuckAFlint
https://t.co/huKMPoo1ds

[Abe Greenwald @AbeGreenwald]

"A city can survive many things. It can survive corruption, recession, bad mayors, crime waves, and even ideological fashions. What it cannot endure forever is leadership that despises the cultural inheritance it occupies." https://t.co/0q5flbf7Ql

[Walter Russell Mead @wrmead]

Thought for the day: As its victims descend into increasingly bizarre conspiracy theories, we are seeing in real time how antisemitism is a stupidifying mind virus that corrodes the critical faculties needed to discern cause and effect.

[Michael Granoff @mikejgr]

.@elonmusk speaking live:
“I’m a huge admirer of the innovation coming out of Israel, it is objectively true that Israel punches high above its weight — I think honestly number one in the world… innovation per capita, Israel is by far number one in the world.”

[Daily Chartbook @dailychartbook]

"Across 15 highly-anticipated tech IPOs since 2015, the median name lost 16.6% in the six months after its day-one rally."

ProCap Insights via @philrosenn

[Abe Greenwald @AbeGreenwald]

I don’t expect Israel ever to be treated like a normal country. Just as I don’t expect that for the United States. Nor do I aspire to see it happen. If either nation is ever thought of as just another country, it will mean that it has become as weak and compromised as all the rest. That would be a world-historic tragedy--From today's newsletter:

[DJ @itsdono]

@mcuban Not opposed necessarily, but whatever you tax you tend to get less of.

Do you want model providers or users to cut back on tokens?

[Karen Vaites @karenvaites]

Heated agreement that this is the most worrisome trend in America right now.

I could argue that reading has received a lot of attention from state policymakers; we have seen an unprecedented wave of state "Science of Reading" legislation and reform, crossing all 50 states.

The rub is at the execution layer. The policy shifts are not consistently translating into gains, largely due to a consistent set of "implementation failures."

I wrote more about that here:
https://t.co/hMKolURRQz

Nationally, there's a chance that the Senate acts on the READ bill, which would move a few small bills forward.

But there is so much more we could and should be doing.