manbeachproject

@manbeachproject

14 Following

12 Followers

balajis pfp

Internet First. Because the Internet is the first place you go each day. Because every industry is being reinvented Internet First. And because everyone is a first class citizen on the global Internet.

12 replies

24 recasts

162 reactions

balajis pfp

The right way of doing this is to build Internet First global private regulatory systems. The key concept is to treat regulation as a binary classifier. To minimize false positive AND false negative rates. To quickly approve good projects AND correctly flag bad projects. To disclose all financial interests of regulators and put decisions onchain. To allow for appeal, by multiple independent regulators, in the advent of an incorrect project classification. And, finally, to allow users to ignore those reviews if they so choose. That is, the right answer isn’t either (a) to just be randomly hostile towards projects or (b) to just tolerate everything or (c) to rely on the SEC and similar nation state regulators but rather (d) to build our own Internet First parallel regulatory systems that live on the Internet and aggregate signals *across* borders. We know this works because it works for Amazon (book reviews), Uber (star ratings), Apple (app Reviews), and many others. It will work for us.

3 replies

12 recasts

93 reactions

manbeachproject pfp

manbeachproject

@manbeachproject

Vitalik, you would not be where you are if you could not move from 🇷🇺 to 🇨🇦, 🇨🇦 to 🇺🇸, 🇺🇸 to 🌎 nobody was alarmed about greater freedom for citizens of europe when the EU was established why should 🇨🇦 be denied greater mobility rights to search out lower taxes, climate, etc?

0 reply

0 recast

0 reaction

Vitalik Buterin pfp

Vitalik Buterin

As man gets stronger, man vs nature conflicts become less existential, and so "consumer demand" for the next marginal improvement gets lower. Man vs man conflicts, on the other hand, stay at a similar level, because both sides get stronger. Illness is the last frontier of man vs nature. This century we will conquer it. Man vs man conflict cannot be eliminated, though with better institutions it can be reduced to a much lower level than today.

2 replies

2 recasts

9 reactions

manbeachproject pfp

manbeachproject

@manbeachproject

💯 you are seeing arms flailing

0 reply

0 recast

0 reaction

manbeachproject pfp

manbeachproject

@manbeachproject

0 reply

0 recast

0 reaction

manbeachproject pfp

manbeachproject

@manbeachproject

never seen you so whitepilled before haha the entire convo was a great refresher because it telescoped out from the contemporary whining and doompilling so prevalent on ct

0 reply

0 recast

0 reaction

manbeachproject pfp

manbeachproject

@manbeachproject

good morning @brian_armstrong is based @balajis is right @antoniogm is (now? somewhat?) optimistic we are going to win https://t.co/wSOF4af5y7

0 reply

0 recast

0 reaction

manbeachproject pfp

manbeachproject

@manbeachproject

the next two decades will see an increasing convergence in the western world to earn in usd save in btc spend in eth

0 reply

0 recast

0 reaction

balajis pfp

It’s a good post. I think we can add something to it by thinking at the tribal level, not just the individual level. 1) First, rightism is straightforward tribalism. They are for their tribe. So they are against everyone outside their tribe. 2) Leftism is backdoor tribalism. They are against bigotry. Also, everyone outside their tribe is a bigot! So they are against everyone outside their tribe. 3) This is how the rightist gets to National Socialism while the leftist gets to Socialism in One Country. The rightist invokes master morality to dominate. The leftist invokes slave morality to *dominate the dominators* — like the dictatorship of the proletariat. And then they also ruthlessly dominate. 4) The alternative to both rightism and leftism is actually internationalist capitalism, which has win/win baked into it. 5) So, merchant morality or founder morality is the positive-sum alternative to both master and slave morality. Yes, you do seek to win. But you only win if the other guy also wins.

14 replies

6 recasts

28 reactions

balajis pfp

Amy Chua's book from 25 years ago is worth rereading. It covers what happens when the group that wins in the market is not the same as the group that wins in politics. Generally, the envious political majority tries to kill the market-dominant minorities. Unless the market minorities exit in time. "Market-dominant minorities — Chinese in Southeast Asia, Croatians in the former Yugoslavia, whites in Latin America and South Africa, Indians in East Africa, Lebanese in West Africa, Jews in post-communist Russia — became objects of violent hatred." https://www.amazon.com/dp/0385721862

7 replies

5 recasts

15 reactions

manbeachproject pfp

manbeachproject

@manbeachproject

hypothetically, if one were to take the other side of China becoming the dominant power; what is 🇺🇸 #1 in? what is 🇮🇳 #1 in?

0 reply

0 recast

0 reaction

manbeachproject pfp

manbeachproject

@manbeachproject

what is the moat though? for example, if Apple login were to be compatible across the internet and on chain, wouldn’t it undercut the entire value prop? full disclosure im an idiot and don’t know how any of this shit works

0 reply

0 recast

0 reaction

balajis pfp

HARD CLOUDS We didn’t have hard state borders in the premodern era. Maps weren’t advanced, passports weren’t issued, travel was infrequent. Dividing the land up into disjoint nation states was very much a new idea. I think we are currently in a similarly fuzzy era of network borders. Maps of the cloud aren’t advanced, digital passports are inchoate, transit between networks is still largely frictionless. But China and crypto are changing that. That is: the Great Firewall and the Bitcoin Blockchain take network borders *seriously.* In totally different ways, Xi and Satoshi treat Internet defense as central to their community’s continued existence. So they built hard clouds. Meanwhile, the legacy nation state was built *before* the cloud. And ideas developed back then don’t necessarily work today in the same way. Eg: if hostile foreigners have free speech on your trusted network, if they can send any bits they want, they may script your drones or take your coins. So cloud borders will harden.

9 replies

41 recasts

91 reactions

manbeachproject pfp

manbeachproject

@manbeachproject

🔴🇺🇸 will lean bitcoin 🔵🇺🇸 will lean eth they will fight over the sentiments of 🟣🇺🇸 - multicoiners

0 reply

0 recast

0 reaction

balajis pfp

The most amazing thing about Farcaster is that your followers can instantly become your app users. This isn’t yet completely one-click, but with the right frames and NFTs it could be.

29 replies

84 recasts

681 reactions

manbeachproject pfp

manbeachproject

@manbeachproject

istps just out there waiting for the price to pump lol

0 reply

0 recast

0 reaction

manbeachproject pfp

manbeachproject

@manbeachproject

which region do you think will use eth more?

0 reply

0 recast

0 reaction

manbeachproject pfp

manbeachproject

@manbeachproject

from what i’ve seen in my feed people interested in the technical aspects of building out .eth who want to distance themselves from the casino noises and fights on x tldr: collaborative, intelligent dialog on eth development

0 reply

0 recast

0 reaction

manbeachproject pfp

manbeachproject

@manbeachproject

it scales up to collectives as well if you were to peer inside the portfolios of 🇺🇸 clashing tribes, you’d find: 🔴 - USD 🔵 - NYSE ⚪️ - QQQ

0 reply

0 recast

0 reaction