Ryan Tate

[Robert Sterling @RobertMSterling]

Absolutely boggles my mind that 21-year-old investment bank interns are subject to stricter insider trading rules than members of Congress.

These guys have access to more material non-public information than anyone on Wall Street—legislative changes, pharmaceutical trials, classified military intel, defense contracts—and they’re using it to operate their own amateur hedge funds from the House cloakroom.

Pelosi and her serial drunk-driving husband consistently outperforming the market. Ro Khanna making thousands of trades every year. Hundreds of other examples, across both parties. It’s completely absurd.

If you want the extraordinary privilege of being one of the most powerful people in America, you—and all members of your immediate family—should be required to place your liquid assets in a trust that can only invest in the S&P 500, a bond market ETF, and a money market fund. You can change your allocation among the three choices quarterly, but that’s it.

No more call options on biotech companies that just told the FDA about a medical breakthrough. No more short-selling defense contractors that just briefed the Armed Services Committee about production delays. No more fake “blind trusts” whose rules aren’t worth the paper they’re printed on.

Show up, do your job, and faithfully serve the American people. If you don’t want to do that, go study for the CFA exams and test your mettle against Ken Griffin and Steve Cohen in the trading world (for some reason, I don’t expect your streak of beating the market to continue once you and your staffers are no longer getting confidential briefings).

But no more of this Capitol Hill Wolf of Wall Street bullshit. It’s corrosive to good governance, it undermines democracy and trading markets alike, and we, the American people, are done with it.

[Daniel Jeffries @Dan_Jeffries1]

Richard Sutton, father of Reinforcement Learning, just gave a great talk where he said "decentralized collaboration is the source of all human flourishing and the source of all that's good in the world." And if you're in favor of this, "the enemy" are the people calling for "centralized control" of both "people and AI."

Centralized control of AI is the same as calls for centralized control of people. Control of AI chips and who can download what and what AI's goals are allowed to be, is the same as calls to limit free speech, and dictating who can trade with who, and who you can collaborate with, and what you are allowed to think.

Authoritarians are the parasites of any system. They are the selfish cheaters who try to stack the benefits for themselves and their little tribe and they cause nothing but pain and misery for themselves and others.

Trade, art, economics, community come from individual agents/people pursuing their own individual goals and choosing to work together. That is the light in the world.

The darkness is the control freaks and the parasitic cheaters who try to stack the deck in their favor. Their worldview is one of darkness, of us versus them, and their fundamental belief is most people are evil and can't be trusted.

Make no mistake, calls to restrict AI, to align AI, to create kill switches in chips, and to limit access to chips, and to embedded surveillance trackers in chips, are the same as calls to limit speech, and control where you go, and who you can work with and do business with. And these calls only ever come from the parasites of a system, the people who poison a healthy working system and who periodically pop up to set back the great and powerful and inevitable surge of human progress pressing forward endlessly and forever.

(Link to talk in comments)

[Paul Brigner 🛡️ @paulbrigner]

Wayne Chang @wycdd, founder and CEO of @SpruceID, discusses their mission to let users control their data across the web using cryptography. Highlighting the significance of 'Sign-In with Ethereum' and digital public infrastructure, he illustrates the application of blockchain in creating privacy-preserving identities and digital credentials. Wayne emphasizes the importance of industry expertise in cryptography for the public sector, advocating for policies that support user-controlled digital identities. Their work with state agencies, including the California DMV and the Department of Homeland Security, demonstrates the potential of digital wallets and blockchain technology in improving public services.

[Alex Rampell @arampell]

RIP Dee Hock (1929-2022)

A true visionary in payments, protocols, decentralization and “chaordic” systems

https://t.co/C66GY44NFW

[The Digital Dollar Project @Digital_Dollar_]

@Digital_Dollar_ Project applauds @POTUS Executive Order on a U.S. #CBDC and welcomes our newest partners @Visa, @WesternUnion, @KnoxNetworks, @FeedtheChildren, @Elijahs_Heart and @GBBCouncil. Read the news here https://t.co/n3pLLpbp2R #digitalcurrency #digitaldollar

[Ryan Tate @RyanMTate]

@amasad Hi Amjad, quick request. Can your team update your language versions on replit? Dart lang version is out of date. May be a few other languages needing an update as well.

Thanks again for the great work on @Replit

[Yahoo Finance @YahooFinance]

“Inflation is a very serious subject,” Berkshire Hathaway Vice Chairman & Daily Journal Chairman Charlie Munger says. “You can argue it’s the way democracies die.” More:

[Ryan Tate @RyanMTate]

@girdley https://t.co/Nrx177WWGt

[Ryan Tate @RyanMTate]

@MattTomme Hey Matt, nice to meet you. Given your interests and hobbies, maybe you'd be interested in @FieldResponder . I'm looking for co-founders to help grow the company. Current focus is on search and rescue insurance for backcountry recreation. DM me if interested!

[Ryan Tate @RyanMTate]

@adaminaction @SwarmInternet I agree, the margins are thin; here is a comparison list for just the photovoltaics, battery, enclosure, omni antenna, etc.:

https://t.co/JZXCc6LjGo

~$330 w/o board, only 6W vs 9W PV.

For $500, it is not overpriced and I plan to buy one. I saw discount pricing for >100 units

[Austen Allred @Austen]

Threw some money in a Robinhood account to see what would happen if I just copied Nancy Pelosi’s trades

[Ryan Tate @RyanMTate]

@cyantist @BishopFromArk Is that a leprechaun? https://t.co/ayqYW93mRC

[Ryan Tate @RyanMTate]

@Birdyword To make it easier to repay debt denominated in RMB, and to create an international market for Chinese sovereign debt denominated in RMB.

[Northwest Avalanche Center @nwacus]

Very dangerous avalanche conditions exist throughout our zones. There is an extreme avalanche danger rating for Stevens Pass and the East Central Zone.

[Ryan Tate @RyanMTate]

@dominic_w @JohnLilic @dfinityscan Building sandboxed apps in Wasm is cool. But, most developers will probably prefer a more general computing layer at the end of the day. There's a place for Dfinity, but its not a replacement for the internet, just another playground.