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Ran @Ethereum launch. CEO @Mattereum Forbes Book radical ESG
London, England
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Pinned Tweet
ALL ON THE SAME SIDE?
Can regulators and crypto ever get along?*
My talk from
#Login
#Vilnius
#Lithuania
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It's 50C in India today. Half way between boiling and freezing. The air feels like hot tapwater. People are dying in droves, most of them uncounted. In America it is too wet to plant corn over huge areas.
The warnings are becoming reality. Nobody knows how to live in this world.
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I think I finally understand.
Everybody is lying, all the time. Except the nerds, who are *really bad at lying*.
This incapacity makes the nerds "socially awkward" and leads them to build small enclaves (like "science" or "tech") where people mostly don't lie, so machines work.
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So 90% of the crap in the global economy is utterly useless: nobody needs 162 varieties of barbie dolls, or 68 brands of shitty laptops.
Standardize: a few models, done well, durable, for everything. Good for climate, good for covid. Modular, resilient, lean. We can restructure.
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The younger generation *suck* at explaining the blockchain. No wonder there's so much FUD in the space right now - I'm looking at you
@smdiehl
Let me explain what's going on, but this time we're going to leave the really important parts of the picture *in* the frame. A thread:
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Activists just don't get it.
The shit has *completely* hit the fan, politically speaking. Just wreckage.
Technology is eating away at the fabric of society at an unbelievable rate. Future shock is here.
And you think *politicians* are going to fix this? Or consumer choice? Ya
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It probably helps if I define it: here is my best short summary.
1) The human race is currently running the world like a death camp for poor humans, and particularly for the other species we farm or drive into extinction.
2) Fixing this situation is possible, but requires will.
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@christineist
Judge people by how they treat staff like waiters and Uber drivers, not by how their boss talks about them.
Real experts sound uncertain. Mostly you hire them to deal with uncertainty. “Doers” ignore uncertainty and the failures that a result are written off or buried. Survivor
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Extremely concerning privacy situation with the new Apple operating system this is extremely bad
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BTC allows its adherents an escape from the boomer-ridden conventional economic landscape.
What is bitcoin's core feature? IT'S TOO HARD FOR BOOMERS TO USE.
So you can build an economy for the young, a parallel state to the Boomer Dollar dominated US political landscape.
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Fuck everybody who didn't or doesn't want Elon Musk to succeed in leveraging us out of this fucking gravity well, and getting enough of our people into space that we start to value *this* planet properly.
Nothing but exposure to space will wake up ecological consciousness.
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Folks you’ve been at war since 1993 when the US government prosecuted Phil Zimmerman for email encryption software and limited web browsers to 40 bit keys.
This is now an intergenerational struggle for freedom.
We’ve been at this for that long.
Samourai Wallet website has been seized.
WE. ARE. AT. WAR!
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So the long anticipated ICO freeze is coming is a good example of what's here now, and what's to come. I have three thoughts on this phenomena and how it's going to shape the markets as we go forwards into the regulated portion of the blockchain's future.
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I don't normally discuss the price of crypto.
I need to discuss the price of crypto.
Depending on how response is to this thread, I may write a longer-form piece for the
@Mattereum
blog tomorrow, so lets see how it goes.
A mix of hard truths and bright horizons. Here goes.
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I’m much more afraid of human stupidity than artificial intelligence
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FINALLY! FINALLY! WE CRACKED ALZHEIMER'S
Looks like fucking antibiotics would have fixed it.
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Of course a Finnish person sitting with a broken leg in the deep forest at 3AM hoping to be found by search parties sometime in the next two or three days will report their mood as "fairly optimistic" so...
"According to the 2023 World Happiness Report, Finland is the happiest country in the world for the sixth year in a row." 🤡
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Zooko, who's been a severely underpaid privacy activist and open source programmer for many years prior to crypto, is no longer poor. Weep as a poorly phrased tweet earns him a flogging. This tendency? That's what
@elonmusk
is getting too.
Stop attacking the good guys for trying
I love going to the grocery store and buying whatever I want and not worrying how much it adds up to, even if it is $100. I wish everybody could do that all the time...
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I've been trying to communicate something for years.
"another, much worse, world is possible."
"collapse means living in the same conditions as the people who grow your coffee."
the future we fear is much like the present for the people that work to keep us rich.
Solutions?
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Let me tell you where the action is: it's the people who are waiting around to inherit their parent's houses who are telling you that this NFT thing is no good and YOU SHOULD GET BACK INSIDE OF THE MACHINE WHICH WILL ONE DAY PAY MY PENSION.
Because this "defection" hurts them.
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Spent a bit of time yesterday arguing with obnoxious bitcoiners. I learned a few things.
1) all their schooling on bitcoin has been propaganda
2) they're psychologically *unrecognisable* compared to crypto people 5 years ago
It's a totally new kind of person, with a new story.
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There's a funny thing I keep noticing. Really good stuff comes at two price points: *cheap* but you have to really do some digging, and 10x the price, and you just type it into google. Let me post a couple of examples in this short thread.
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So, this is going to get relitigated for years, but I want to make my stance *extremely* clear.
1) Capitalism is not what is causing the climate crisis.
2) Industrialization is what causes the climate crisis.
3) Climate change is a civil engineering problem. Politics shapes it.
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I think it's necessary to examine the link between cryptography and cryptocurrency more closely.
Implementing a central bank of the internet is a political project. But it produced a huge, radical revival in general cryptography. This is very much like the 1990s all over again.
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I want to say, clearly and on the record: I think mass immigration is a terrible thing for nearly every culture that tries it.
I also believe limited immigration is absolutely vital in establishing commerce, trade, and mutual understanding.
But I don’t know where the line is.
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Cryptocurrency is today's horseless carriage.
We have not even begun to understand what is possible where we are going.
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Avalanche: it’s like Ethereum but fast, cheap, and fully PoS already. And a much smoother L2 model.
What’s not to like?
A few short months ago, I knew every dapp on Avalanche.
Now so many release every day, I can't keep 🔺.
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It's becoming increasingly necessary to split the "making the internet work properly" faction from the "holy shit free money" faction in the crypto-currency situation. THERE IS NO FREE MONEY. There's only risk: if we can't make the global economy more efficient, your BTC hits $0
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If you looked at the internet now, with fresh eyes, with no knowledge of the history, what would you see? 25 corporate brands making money by intermediating communications between peers, and some shops.
This used to be a global reading room for scholars and students, you know!
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So this sucker is 10,000 words, and it's one of the most comprehensive and analytical things I've done: why are our elites so shit, and how to we fix our societies.
It's about values, and our minds. It's about human rights, and the rights of children.
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First draft of "Cutting Through Spiritual Colonialism" a new book in much the same format as "The Future of Stuff."
14,000 words, written in a single sitting. I have become a *remarkably* grumpy old man, and I expect to lose a lot of friends over this.
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I wish we had a nice word for art like this, something that expresses the element of surprise one feels at simplicity
http://t.co/QTsLVjzZZ7
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Musk is outraged that he's working 16 hours a day to save the world. People push more responsibilities on to him - "can you save these kids?" "can you fix Flint, MI" - while another choir is dedicated to pulling him down in favour of... what, precisely?
He lashed out. You would.
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Bitcoin is still undervalued.
It's a political organisation with no leaders that makes many of its activists rich, and able to keep working to promote bitcoin.
As an incentive alignment tool bitcoin is better than any innovation since the invention of the corporation. Remember.
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People love to make this shit complicated. It's a profession.
It's not complicated: we're using *far too much stuff* because we have no design discipline for "human satisfaction with minimal footprint" and no law to enforce that discipline.
Everything is downstream of that.
Expanding on the
@FT
piece on polycrisis.
I did a newsletter laying out some of the stakes and responding to some reactions to the piece.
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I find it very hard to understand when people lie. This makes me naive. It makes very little *sense* to me. Like, why not just *fix the situation* instead of leaving it broken, and lying about it.
This is, of course, a working definition of *power* - there's nobody I must lie to
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So in this situation what the young need is *economic opportunity* and THEY ARE NOT GOING TO GET IT IN ANY RESOURCE POOL THAT THE BOOMERS CONTROL.
There's just no room to expand: whatever you want to do, there's a tax: boomers control media distribution, VC finance, real estate.
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MAGA is not about white supremacy.
It's much, much worse than that. We confuse all bad things on the far right with racism and Nazism. MAGA is not these things.
MAGA is *nostalgia for pasts that never existed*.
MAGA is the dream of the mythological America that never was.
Yes you can. Say it with me....
White Supremacy.
I just wish that you guys would see it for it is. Black and brown people know what it is and what is has always been.
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So we've built it.
@Mattereum
I mean. Stage one is basically done: we've got customers selling NFTs on
@OpenSea
, backed by physical items, and new people are coming on board slowly but steadily. It is a business.
Constant pressure to issue the token and to THE BIG ICO like 2018.
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Why is an ape valuable? The younger generation decided it was valuable.
Why *isn't* this golf course valuable? The people that thought golf was at the centre of the universe are all too old to play much
This is a generational turnover of wealth, an escape from a locked-up world
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People, nearly all people, are so fucking lost. It's not that hard.
1) you will all die
2) everybody else's pain hurts as much as yours, usually worse.
3) maybe we should do something that matters with our lives. Consider it.
The evil is all in systems, not individuals.
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In blockchain I see the seeds of a global resource management system orders of magnitude more effective than invisible hand consumer capitalism.
Finally something to price externalities. Something to track polluters. Something to enable international cooperation.
My agenda.
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I should probably mention which is a rough summary of how I spent my life before lucking into Ethereum and becoming the Launch Coordinator for the 2015 launch
I've been working on plans for making homes for tens of millions of climate refugees since 2002.
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The more the young define their own system with their own rules, the more the old are missing out on the deal.
But they're mostly not watching this: Warren Buffet is an exception, and he called BTC "rat poison" remarkably early.
But he's the rat.
But mostly the old missed it.
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Now I'm plotting a global environmental and economic reform which, even if it works, I will not likely see the end of unless I live for a *very* long time.
I'm working for future generations now.
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We have no governance structures which can cope with rapid technological change.
Our problems come from rapid technological change. And colonialism.
Pretty much the entire spectrum of political philosophies are worthless trash today. They're about industrial age struggles.
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Then the bridge generation, the one doing the complaining, clogging the airwaves with NFT hate and trying to coerce artists and brands into staying away.
What do they have to lose?
The answer is: they're late to the party, and were hoping to WIN AT THE OLD GAME in the future.
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Much as this Ukraine invasion makes the Russian regime look like cold hearted ruthless bastards playing Risk with other people’s lives…
May I remind you that we invaded Afghanistan and Iraq killing roughly one million civilians in the process and handing both countries to hell?
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I've always been puzzled by this: "don't you want to know how the world really works?"
NO!
People want a model which gets them successfully through child rearing, Darwin style.
The truth is awful and horrifying. Those who know, don't often breed.
So the truth must die!
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Wheel of Time Series 2 is, so far, the best thing on telly this year.
Yes, Ahsoka included. It’s brilliant and marvellous but WoT S2 hits like the better seasons of GoT.
It’s that good. And they much better than the first season of WoT.
#WheelOfTime
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When you expect everybody to lie, respect goes to the person with the best lies: it's all hokum, so you're just comparing quality of lies.
This is why people love Donald Trump.
It's also why I've been stunned into dysfunction by the world's handling of the covid crisis. My god.
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I don't say this often enough: I have faith in humanity
We are scrappy little bastards, and putting us down is harder than getting ink back out of water. We are caged by history and language, and liberated by dreams and art. We are not good or nice, but we are flexible. We adapt
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Just ignore the culture: it's all garbage. Go to the data, learn from the data, act on the data. Fuck politics, fuck other people's opinions: get facts, make up your own minds. Even deconstruct language: what is the State? Retell all stories in an evolutionary context. No mystery
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Now, young people, they are not so smart. I was young myself.
They make mistakes. Big ones. Now we have Oh So Many young people running around with a huge pile of capital that they basically created by believing each-other's stories. It's a creative pact.
A NEW SOCIAL CONTRACT.
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look at it. just look at it.
Probably the most important single image from the last 20 years, maybe longer, maybe since moonrise or the pale blue dot. It makes Mars colonization inevitable. We can't help but go how: THERE IS WATER.
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I've finally realized that American left culture has basically become mental illness, or possibly some form of religious hysteria.
The right was that way for years, but now the left has succumbed. I fear this may be environmental toxicity. Like Rome was done in by lead poisoning
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Omicron: possibly the fastest spreading disease ever seen by humans.
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Actually take a look at this thing:
There's just a titanic concentration of wealth in the hands of older people, and the young are living on scraps. This is absolutely brutal: feels like civilization is going backwards. The young are terrified.
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I think I’ve figured out what’s wrong with money, at least the way we are doing money.
We’re using money to move *lifespan* from one being to another.
Last year I spent a lot of money fixing my teeth. If I was poor it would have been extractions, not crowns. I’d feel much older
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My father, an Indian medical researcher, studied this extensively as part of trying to improve patient care.
He made doctors role-play an IQ85 patient describing an angina attack while carrying a heavy box upstairs.
It takes *practice* to get the clinical data from low vocab.
For all its vaunted capabilities when it comes to contemplating hypotheticals or abstractions high-IQ doesn't seem to enable individuals to understand the lives of those who are lower on the distribution
High-IQ individuals have a very hard time developing a theory of mind for
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2020 was a hard year. I’m glad to be packing up and moving to the country. I need to change what I see when I go outside, you know?
Time for a change.
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Our new
@mattereum
litepaper is here: and it's the most excellent thing we have ever written.
It clearly elucidates how we are finally going to make the bloody blockchain useful in the real world, at last. Please read it and share it widely! :-)
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There is practically no boomer control of bitcoin or web3. I'm 50, and I'm one of the oldest people in the space - Ian Grigg, David Chaum, Joe Lubin, Don Tapscott, a handful of others - but the old guys are rare and (apart from joe) not that powerful.
Young blockchain frontier.
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What would a really revolutionary currency look like? (It isn't happening today!) The new currency has to make the planet manageable. It has to align economic incentives with human survival. It has to replace what we have now with something better, not something more efficient.
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If the entire financial system detonated tomorrow - NASDAQ down 99.9%, BTC $1 USD, *not a single blade of grass would have died*.
Every bolt would still be tight against its washer. Every doctor would still have skills.
An imaginary world of money is deranged. Reality persists.
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The ongoing death of the world manifests in the destruction of people's genuine choices, and their replacement with frantic coping strategies.
Nobody who thinks about the future sees grandchildren. They think about robots and AI, and whether there will be insects left.
Not kids
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So when you see somebody wailing on NFTs, ask the hard question: "how old are they, and what is their stake in the old system?"
This is not to say that NFTs and crypto are perfect: young people made them without much reference to the Old Social Contract and they worked very fast
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And these slightly younger defenders of the Status Quo are fighting like hell to defend the Status Quo *only because they expect to inherit it*.
If the cultural production system burns to the ground before they inherit, they get nothing.
All the value's skipping a generation.
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Was Google's decision to kill Google Reader actually the key turning point in the destruction of western civilization?
Kills the decentralized web, gives rise to Twitter and Facebook becoming the algorithmic overlords. Maybe
@dsearls
@davewiner
@disappearinjon
@rezendi
@miniver
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I find myself wondering this morning how many people actually get my work - here we are, 20 years in to me continually writing, teaching, communicating, building - and I can't tell if a lot of people get it and are mostly quiet or if very few people actually got it.
Which is it?
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People are lying to each-other for advantage, and to themselves because life is unbearable if you are attached to it (family etc.), and aware of the presence of death.
People who lie should not meditate too much. The lying should more or less entirely stop before the meditation.
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SOCIAL CHANGE CANNOT FIX CLIMATE CHANGE
Climate change is a tech problem. Capitalism has issues, but climate change is not caused by capitalism, but by burning oil & coal.
Current tech doesn't allow for high quality of life and acceptable CO2 emissions.
That's the crisis.
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I think I should have been clearer much earlier that LEARNING HOW TO FUNCTION AFTER ALL HOPE IS GONE is an absolutely key spiritual practice for our time.
YOU ARE GOING TO DIE eventually. Everything you build WILL CRUMBLE (except maybe conquering space travel.) It's all ash.
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This is one of those Voice, Loyalty and Exit things. The young complain: nobody hears them. They try and tough it out in existing cultural blocs: still can't make rent.
But to exit the boomer-controlled old economy into the btc/web3 space?
Wow: a huge self-financed bubble grows
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This is, by far, the scariest thing I have ever read
http://t.co/rKGV6AQIz7
wikipedia policy page for managing the collapse of civilization
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I urge you to drop all your values that are not directly aligned with avoiding human extinction. I commend to you this course of action: form new political movements which directly and responsibly deal with extinction risk. Think beyond Marx and Hayek: they're irrelevant. Wake up
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So now you have tons of cultural production - young people making art for young people - but the distribution channel is OpenSea, and that's also owned by... young people. And their fees are light.
The younger generation are Exiting the Boomer Machine to live on their own terms.
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Take the surgical and N95 mask supply chain crisis.
ANY INFECTIOUS DISEASE PANDEMIC WE FACED WILL NEED THESE MASKS.
Some need Ebola-style moon suits.
Then there's a crisis, and *you* get blamed for buying masks?
WHERE THE HELL WAS THE NATIONAL STOCKPILE?
Who's job was that?
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My thread on why young people are embracing NFTs/blockchain hit 600 retweets.
The analysis resonated for people deeply. A lot seem to have found it very moving, speaking to the struggle of their lives.
Now I want to talk about the other side: NFT hatred.
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TOR is funded by the navy. The 3D printer makes... replacements for injection moulded plastic crap. Nobody who will sell you food or power takes bitcoin.
Food. Water. Shelter. Heat. Power.
That's where the system has you by the throat. Not "I need a toothbrush holder."
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I kinda miss the old days, the 1990s, when it was all about spiritual growth and investigation into the nature of reality. When youu actually get tied up in trying to change things, you wind up becoming like the problems you work on. World changers must practice detachment first.
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The well positioned chattering classes, the media and academics, want to inherit the system that the young are refusing to join and actively working to undermine.
They don't have real power *yet* but they know if the system stays up, in 20 years they'll run the next TED/Davos.
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Right. You want a better world? A safer world? A world that works?
Let me tell you *exactly* how to get one. No muss, no fuss, I'm aiming for a fifteen tweet manifesto on how we fix all of this shit, bolts to satellites, decision-making to economics, tax to stocks.
Ready? 1/15
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If you're going to change the world at scale, you need the best possible team around you. There can be no weak roles, and once the machine begins to move, getting people on board is nearly impossible.
Our problems today are too subtle for a single Steve Jobs to crack. Need teams
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So let's talk about this helmet thing again.
That's the end of covid, right there. Remember, covid doesn't spread through the skin. You just need to protect the airways. Plastic dome over your head, belt pack with a system that blows purified air into the dome.
Outside reopens.
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25 years ago, John Perry Barlow (I met him once!) wrote the Declaration of Independence of Cyberspace
Does any of this sound familiar to you?
Now let's discuss the New Social Contract's critics.
Who's getting so het up here? Why all the hatred for Web3 these days?
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What we are looking at today is Israel’s 9/11.
I’m watching intelligent, rational friends being stampeded into giving Israel a blank cheque for civilian reprisals against Gaza based on the actions of Hamas.
As with 9/11 nobody cares about the history of Gaza and how we got here
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It's going to take an army to protect Musk and similar pioneers from the people that would tear them - and the future of humanity - to pieces in their shame, envy and anger.
Do not let this take root. Make it known: these people are precious to us, and to protected at all costs.
Elon Musk was 100% the kid who wouldn't hand over the game controller because he insisted on showing you "something cool" but never delivered.
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I've always operated by finding enclaves of honest people, and avoiding the Sea of Liars very carefully.
But, *of course*, humans evolved to lie _because it works short term_ and most lives in antiquity were short.
Nobody expects to live long enough for the cheques to bounce.
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I just want to say to every new age yoga asshole who gave me a hard time about choosing to focus on the darkness, where the problems build, rather than joining the joy-filled escapism in the “lite” - “fuck you, the problems have to be dealt with, not dreamt away.”
Shit is real.
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This is a simple problem of access to capital: land, patents, intellectual property, distribution networks for physical products (target, wal mart). The young don't have enough cash to BUY INTO THE SYSTEM.
They're so poor they can't even get exploited.
Now do you see BTC's fix?
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I am proud that this has gone viral. I did not work on cryptography to empower racists, but normal, good people.
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And the poor problem-solving class are out here telling people about global warming and covid, and wondering why the habitual liars of the world can't look at the facts and start making difficult decisions.
Answer: their entire lives are built on avoiding fundamental truths.
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