Episode 256 - The Broken World of Big Tech
Max talks about the breakage in both the crypto industry and the social media landscape in 2022, and the long term ways of thinking about it.
Probability Distribution of the Week: Non-Homogeneous Poisson
Links
NBC News: Former FTX CEO Sam Bankman-Fried arrested in the Bahamas
New York Post: Fifth ‘Twitter files’ release details furious debate to ban Trump — despite no policy violations
Business of Apps: YouTube Revenue and Usage Statistics (2022)
Twitter:
vitalik.eth (@VitalikButerin): MtGox "looked" sketchy and never tried too hard to whitewash itself. Luna too. FTX was the opposite and did full-on compliance virtue signaling (not the same thing as compliance)
The second kind of fraud cuts deeper than the first.
Saifedean Ammous (@saifedean): Why take your bitcoin off exchanges:Bitcoin exchanges are run by people who learned fiat finance. Gambling with depositors' money is normal & healthy for them, because in the fiat system the central bank destroys the currency to bail them out every time it goes wrong.
Related Episodes
Episode 139 - Coinbase Goes Apolitical, Libra Languishes, and Deepfakes Rise
Episode 153 - Decentralizing Before our Eyes
Episode 233 - Crypto Winter Raging
Episode 255 - AI's Got Chat: The Rise of chatGPT
