Regulation is the friend of the incumbent -@bgurley
Absolute must-watch video of Bill Gurley explaining the devastation regulatory capture causes to our system.
He explains via (completely insane yet real) examples of the damaging effects of regulatory capture on our system, a topic strikingly relevant today as major AI players lobby Congress for regulation.
But here's the twist: their goal isn't just regulation; it's to stifle competition.
Politicians, in turn, are more than willing to play along.
Why? It hands them immense power to pick winners and losers based on who lines their pockets the most.
This speech is a wake-up call. It urges us to look beyond the theoretical appeal and grasp the practical implications.
It's a stark reminder to question, to probe deeper, and to understand the real motives behind seemingly benign actions.
“The newest technical papers and the oldest books are the best sources of arbitrage. They contain the least popular facts and the most monetizable truths”, says Balaji Srinivasan.
20 books recommended by @balajis 🧵
Stability just released their new LLM.
It's open-source, has 7bparameters, and its entirely free to use commercially.
And its a MASSIVE deal, that has the potential to change up everything in AI
Here's why:
@jon_charb@LidoFinance@eigencloud @jokedao_ @LensProtocol@ArweaveEco@guildxyz we've spent too long thinking the power of crypto is in minting tokens.
that's one power, and a great one.
but the real power is the composability, permissionlessness, and sovereignty to perform actions on a universal computer.
it's not the tokens—it's the data stupid.
Blockspace-centric architectures will outcompete blockchain-centric architectures. So what is blockspace, why should you care about it, and what are blockspace-centric architectures? 🧵 (1/n)
in case you've been in a coma
WE. ARE. LIVE! 💥
One of the most advanced, fully decentralized, prediction market applications is now live!
Already attracting considerable volumes, the Zeitgeist app is ready for you to shape the future. 🚀
Enter here: https://t.co/VzIE3ragaM
Co-founder of @Polkadot, @RPHmeier, on Ethereum's transition to Proof-of-Stake, how Polkadot's Proof of Stake mechanism compares, and how the merge benefits bridging with Ethereum
And we finalized!
Happy merge all. This is a big moment for the Ethereum ecosystem. Everyone who helped make the merge happen should feel very proud today.
Tornado Cash: Is freedom of speech the best legal defense for a smart contract? Other areas of 1A law might be more applicable. Why is no one talking about 4A (one that protects right to privacy) and other doctrines?
Some takeaways for those in web3
https://t.co/cpXgDoFXFb
.@coinbase has put out a proposal to invest 1.6b out of the PSM into a yield bearing account. This will boost Maker revenue by 24m / year.
Maker has ~5.5b in USD-like collateral. This is one of the many proposals to generate yield from the real world.
https://t.co/FLj2FzWIYm
✅ Fight recession
✅ Increase seasonal liquidity
✅ Fight hyperinflation
✅ Boost social capital
👆These are just some of the positive developmental outcomes of partnering with us to issue a local digital currency.💪 Find out more & contact us:👇https://t.co/yjNxK5LXIU
The main things a phone can provide for crypto usability are shared key management, secure wallet APIs, embedded light clients, and an open app store. These things are clearly useful yet nobody really buys crypto phones despite that
📚 RT for a chance to win a SIGNED copy of The Cold Start Problem! 📚
We're giving away 5 autographed copies of @andrewchen's new book. To enter: just RT this tweet. We'll pick 5 winners at random on Dec. 9 at 12am PST.
(turn on DMs to get notified)