Experience of Musk on Twitter
The problem, though, is that Musk’s Twitter experience — thought to be an asset, including by yours truly — isn’t really relevant to the actual day-to-day reality of the site as experience by Twitter’s actual users.
Mistakes during rapid iteration
it’s understandable that mistakes will be made; the point of rapid iteration is to learn more quickly, which is to say that Twitter has, for years, not been learning very much at all.
Saviour mindset with road to hell is paved with good intentions
There are a few different ways to interpret Sam Bankman-Fried’s political activism: That he believed in the causes he supported sincerely and made a mistake with his business. That he supported the causes cynically as a way to curry favor and hide his fraud. That he believed he was some sort of savior gripped with an ends-justify-the-means mindset that led him to believe fraud was actually the right course of action.
Should business be about more than business?
What is interesting is that all of the explanations are an outgrowth of the view that business ought to be about more than business: to simply want to make money is somehow wrong; business is only good insofar as it is dedicated to furthering goals that don’t have anything to do with the business in question.
Curren climate on judging entrepreneurs and businesses
there tends to be cynicism about the idea of changing the world by building a business; entrepreneurs are judged by whether their intentions beyond business are sufficiently large and politically correct.
Getting rich with great ambitions
That, though, is precisely why Bankman-Fried was viewed with such credulousness: he had the “right” ambitions and the “right” politics, so of course he was running the “right” business; he wasn’t one of those “true believers” who simply wanted to get rich off of blockchains.
Pros of centralization
centralized companies deliver a better user experience, which encompasses everything from UI to security to at least knocking down the value of your stolen assets on your behalf; a better user experience leads to more users, which increases power over supply, further enhancing the user experience, in the virtuous cycle described by Aggregation Theory .
Aggregation Theory applied to Web 3 as well
That Aggregation Theory applies to Web 3 is not some sort of condemnation of the idea; it is, perhaps, a challenge to the insistence that crypto is something fundamentally different than the web.
Crypto and AI
Crypto is decentralizing, AI is centralizing, or if you want to frame in a more ideologically, you could say crypto is libertarian, and AI is communist…
AI and centralization
AI is communist in the sense it’s about big data, it’s about big governments controlling all the data, knowing more about you than you know about yourself,
Crypto and centralization
crypto in practice and at scale tends towards centralization.
AI and decentralization
Just as the theory of crypto was decentralization but the product manifestation tended towards centralization, the theory of AI was centralization but a huge amount of the product excitement over the last few months has been decentralized and open source.