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Arjun Khemani

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Zcash is the Second Amendment of the digital world.

Zcash is the Second Amendment of the digital world.

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Charlie Munger: I never saw any good become of feeling like a victim. Even if you are a victim, I think it’s a mistake.

Charlie Munger: I never saw any good become of feeling like a victim. Even if you are a victim, I think it’s a mistake.

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.Elon Musk (worth $250B) answers why he’s still working: I think it's a good question you asked, because it goes to, like, at a foundational level, what is my philosophy, and why does it lead to this conclusion? So the reason is that when I was a teenager, I had, like, an existential crisis to try to figure out what's the meaning of life. There doesn't seem to be any meaning. For me, at least the religious texts, and I read all of them that I could get my hands on did not seem convincing. Then I started reading the philosophers. Be careful of reading German philosophers as a teenager. It's definitely not going to help with your depression. So reading Schopenhauer, Nietzsche, as an adult, it's much more manageable. But as a kid, you're like, “Whoa.” So then I was like, “Man, I'm just struggling to find meaning in life here.” And then I read Hitchhiker's Guide to the Galaxy. And basically what Douglas Adams was saying is that we don't really know what the right questions are to ask. The question is not, “What's the meaning of life?” In The Hitchiker's Guide to the Galaxy, Earth it turns out is a big computer, and its goal is to answer the question, “What's the meaning of life?” And Earth comes up with the answer “42”. This is where the 42 number comes from. And 420 is just ten times 42. In that book, which is really sort of a book about, it's an existential philosophy book disguised as humor. They come to the conclusion that, no, the real problem is trying to formulate the question. And to really have the right question, you need a much bigger computer than Earth. And so maybe one way, I think, of characterizing this would be to say, “The universe is the answer. What is the question? Or what are the questions?” The more we can expand the scope and scale of consciousness, the better we can understand what questions to ask about the answer that is the universe. The more we can expand consciousness, become a multi-planet species, ultimately a multistellar species… we have a chance of figuring out what the hell is going on. And so this is why I think we should have more humans and both biological and digital consciousness. And why we should become a multi-planet species and a multistellar species is so that we can understand the nature of the universe. And then in order for that to occur, then we have to make sure that things are good on Earth. We don't want Earth to disappear, so sustainable energy is important.

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.Naval: There was a story that I read about Elon Musk that really affected me, which was when he was talking to Bill Gates, and Bill Gates had just taken out some huge short on Tesla. It was like a billion dollar short or something. And, Elon was like, “Why would you do that? Why would you short Tesla?” And Bill goes, “Well, you know, I talked to my financial advisors and I looked at the math and there’s no way it’s overvalued. And so I’m going to make money on the short.” And Elon goes, “What do you care about making money? I thought you were into electric cars and climate change and saving the world. What are you doing trying to save a few bucks and betting against Tesla?”. And he just walked away in disgust. And I think he never talked to Bill Gates after that. And that’s when I realized, like, Elon’s a purist. He means what he says. The money is a tool for him to get what he’s trying to do. And so I take him at face value, which is the crazy thing, because a lot of people who set these audacious goals to inspire people, you kind of know they don’t really mean it. Elon, I take at face value. So I really do think he intends to get to Mars. I don’t think he’s joking about that. And I think he means to get there within a defined window of time. And I don’t think it’s just like an inspirational, faraway goal. I think he’s very, very concretely going to do whatever it takes. Because Elon doesn’t want to go down in history as the electric car guy or even the guy who saved America guy. He wants to go down as a guy who got humanity to the stars. Again, I’ll give him more credit than that. I don’t even think he wants to go down as the “I got humanity to the stars” guy. He’s just like, “I want to get to the stars, and so I have to make it happen in this lifetime. The only way that I get to experience the science fiction world in my head is if I get to the stars.” And so that’s so inspirational. I think that drives everything. So I think the government was just a thing that got in his way.

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Why Jensen Huang doesn’t wear a watch:

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Naval on the presidential debate: It's obviously a disaster for the Democrats. They've got 40 days to find a replacement for him, which is going to be really difficult. 40-day limit is because of the Ohio ballot rules. To get on the ballot, I think you have till August 4th. In any case, because of Biden being the incumbent, they have to convince him to step down, which I don't think actually will be that hard. But then they have the harder job of convincing Harris to step down alongside him, because if she doesn't voluntarily step aside, she's going to get beaten up by Trump. She loses very badly to him in the polls. And then they have to replace the entire Biden-Harris ticket with probably, I would guess, Whitmer and somebody else. This is where it gets really tricky. Maybe Hillary makes a comeback. I don't think they can quite run Newsom. He's not ready, and California's record is terrible, and he would lose all the swing states. So I think the Democrats are in a very difficult position. And my question about who's been in charge all along, it's been semi-obvious that it hasn't been Joe. So I think it's just a good moment to reflect upon how the bureaucracy in this country, and frankly in the entire West, is highly entrenched and is on autopilot. Imagine if you were an investor in a company or a board member and you walk into your board meeting and you realize the CEO hasn't shown up to work for two years, and really just the VPs have been running amok and doing whatever they wanted. You'd know at that point that anything run by committee is incredibly inefficient and wasteful and almost kleptocratic. So you would expect the company to have essentially been looted the entire time.

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.Dwarkesh Patel: By 2030, it will be less expensive to monitor every single nook and cranny in America than it is to remodel the White House. “Mass surveillance is, at least in certain forms, already legal. It has just been impractical to enforce so far. Under current law, you have no Fourth Amendment protection against any data you share with a third party. That includes your bank, your ISP, your phone carrier, and your email provider. The government reserves the right to purchase and read this data in bulk without a warrant. What’s been missing is the ability to actually do anything with all of this data — no agency has the manpower to monitor every single camera, read every single message, and cross-reference every single transaction. However, that bottleneck goes away with AI. There are 100 million CCTV cameras in America. You can get pretty good open source multimodal models for 10 cents per million input tokens. So if you process a frame every ten seconds, and each frame is 1,000 tokens, then for 30 billion dollars, you can process every single camera in America. And remember that a given level of AI ability gets 10x cheaper every single year - so a year from now it’ll cost 3 billion, and then a year after 300 million, and by 2030, it’ll be less expensive to monitor every single nook and cranny in this country than it is to remodel the White House. Once the technical capacity for mass surveillance and political suppression exists, the only thing standing between us and an authoritarian state is the political expectation that this is not something we do here.”

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