Posted by ThePythonicCow
(here)
Posted by ThePythonicCow
(here)
If crypto works like the Web, then China might choose one way, as they have with WeChat, while America might choose the other way, as they have with the varied social media and alternative news sites (Project Avalon being a modest example) that led to the more informed populist movement that just re-elected Trump.
On the monetary/crypto front, we in the U.S. have a choice, whether:
- a central bank digital currency (CBDC) which enables the Federal Reserve to centrally surveil and control all movement of US dollar money, from a child's allowance on up, or
- connecting America's wide array of local, regional and national banks up to a robustly reliable and independent network of crypto currencies and exchanges, while they continue to pursue the wide variety of available individual, corporate and government "customers" for their services.
It turns out that the U.S. just made that choice, when a significant portion of the money of formerly Democrat Silicon Valley tech investors decided to support Trump's Presidential campaign.
Zerohedge documents the moment when this decision was made by one major investor who had historically voted Democrat reliably. This happened as the result of a face-to-face meeting in which Biden administration officials explained how they planned to control AI through government regulatory capture—a strategy reminiscent of Communist policies in China.
Recall that California has been the leading high technology state for the last half century, and has been brought under Chinese influence more than perhaps any other state in the U.S.
Biden administration officials planned to control AI through government regulatory capture—a strategy reminiscent of Communist policies in China.
This is directly what's reported in the Zerohedge article
Marc Andreessen Describes "Alarming" Meeting With Biden Admin That Prompted His Trump Endorsement:
=== Begin quoting from Zerohedge ===Marc Andreessen, the billionaire investor and co-founder of the influential Silicon Valley venture capital firm Andreessen Horowitz, revealed in a new episode of Joe Rogan's podcast that after an "alarming" meeting with Biden administration officials earlier this year was the moment he would have no other choice but to support Donald Trump.
For decades, Andreessen has supported Democrats, including Bill Clinton, Al Gore, John Kerry, Barack Obama, and Hillary Clinton. However, a troubling spring meeting with Biden administration officials caused major concerns. During the meeting, officials explained their plan to control AI through government regulatory capture—a strategy reminiscent of Communist policies in China.
"We had meetings [Biden officials] this spring that were the most alarming meetings I've ever been in. Where they were taking us through their plans, and it was - basically just full government - full government control - like this sort of thing, there will be a small number of large companies that will be completely regulated and controlled by the government, they told us. They said don't even start startups - there's just no way that they can succeed - there's no way that we're going to permit that to happen."
In mid-July, Axios reported that Marc Andreessen and Ben Horowitz had donated to President-elect Trump's campaign. At the time, their support was attributed to Trump's pro stance on crypto and AI regulation. It's another telling example of just how far-left Democrats in the White House spooked Silicon Valley heavy hitters, such as Elon Musk.
[In a podcast, Joe Rogan] asked Andreessen: "When you leave a meeting like that, what do you do?"
Andreessen responded: "You endorse Donald Trump."
X user Ben Averbook condensed Rogan's three-hour podcast into a series of the most important highlights:
- Biden's administration laid it all out:
- Only 2-3 AI companies would be allowed to exist.
- Complete control over development.
Andreessen told Rogan about the federal government's rogue "Operation Choke Point." He described it as a move by the Department of Justice that initially targeted marijuana businesses and gun manufacturers. He said under Biden, it was then weaponized to destroy political opponents, tech founders, and the crypto community.
[Ben Averbook continued:]
- They’ve uncovered a new way to destroy companies:
- 30 tech founders were secretly debanked.
- No warning. No explanation. No appeals.
- Pure, silent government power.
=== End quoting from Zerohedge ===
Marc Andreessen made his choice that day, regarding AI in this case, though I figure this applies to crypto as well. Andreessen chose American style capitalism, with multiple companies, large and small, startup and established, competing in the market place, over Chinese style centralized control.
At least for someone such as myself, who spent nearly thirty years working in high tech Silicon Valley companies, the immediacy of this decision point that Marc realized could not be more stark.
In 2008, I realized that Silicon Valley (California) no longer fit me, and I moved to Texas. Elon Musk moved his Tesla headquarters from Silicon Valley to Texas in late 2021, for reasons similar to mine, though his reasons were on a
much larger scale.
Re: A Dystopian Future: Richard Dolan lays it out
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He argues convincingly that while we're not out of the woods yet — not at all! — we may have dodged a huge bullet when the small (but intentionally fatal) bullet missed Donald Trump's head back in July.
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