(Binance of course had Compliance officers but their job was not complying, and they knew it, and they wrote down some really excellent quotes. On-shore crypto players… well, they have a risk tolerance, but it was truly less than that.)
@patio11
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Crypto lobbying aims for minimal regulatory oversight and maximum freedom
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c.f. https://
wsj.com/finance/regula
tion/binance-world-liberty-financial-crypto-deals-70c817c3
… and the broader lobbying push generally, whose aim is not to get crypto clarity but to craft a regime where it gets to do basically whatever it wants with a minimum of throat clearing and tugs of the cap -
Binance regulatory scrutiny and crypto compliance debate
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Binance was nominated as the sin-eater by the onshore crypto advocates, distinguished from their own “We have Compliance departments and just seek regulatory clarity” ways, and it will be interesting to see whether they go along with “actually, you know, they never did wrong.”
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Border Data Interception as National Security Policy Shift
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The initial test cases were for child pornography and pirated IP but when we made the decision the last few years that misinformation was a national security issue there were efforts to interdict e.g. a password crossing a border.
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4D Space Optimization: Solving Household Resource Consumption Challenge
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Eminently solvable ops challenge; 4D space is abundant and the amount of cubic meter minutes your household wants to consume are scarce.
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Drone Delivery Company’s Journey From Charity to Walmart Logistics
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The story of this company going from doing charity-adjacent medical work in airspaces with very little in the way of regulation to running Walmart orders while having checked all FAA boxes is going to be studied for a very long time, I think. https://t.co/wNtdxjTdGH
— Patrick McKenzie (@patio11) 10 avril 2025The story of this company going from doing charity-adjacent medical work in airspaces with very little in the way of regulation to running Walmart orders while having checked all FAA boxes is going to be studied for a very long time, I think.
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Software transition path: AI acceleration and PM productivity gains
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I think the transition path is likely a) install software b) PE rollups c) doors-per-PM increases massively versus status quo. AI will accelerate this but doesn’t uniquely enable it, IMHO.
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Business Responsibility: Time, Skill, and Resource Requirements
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Running a business takes time, acumen, and resources, in ways which e.g. owning a stock does not. People who are not prepared to spend time, acumen, and resources should probably not run businesses whose failure to deliver services would materially impact another family.
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Tech Capital Flowing to Residential Real Estate Outside Tech Hubs
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I’ve long assumed that a lot of tech money is going to end up in non-tech center homes and sub institutional apartment buildings. (And anecdotally see a bit of that among peers/etc.)
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Prime Minister Selection and Leadership Quality Concerns
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(As I’ve noted to some landlords in my extended family, they were Sorted into not being PMs for a reason, and would rebel against the suggestion they or a child went into the job. Unfortunately, play that game forward 2+ generations and you will not get this experience from PMs.)