๐จ Brad Gerstner, an OpenAI investor, asks Sam Altman how a company with $13B in revenue can afford $1.4T in commitments. Altmanโs reply? โHappy to find a buyer for your shares.โ Translation: No answer. Very concerning. ๐ฉ
So you donโt want government guaranteesโฆ you just want the government to build the infrastructure for you and sell you cheap compute. Got it. Thatโs not capitalism, thatโs state-sponsored monopoly building.
๐จ BREAKING: SWIFT will no longer process fiat currency transfers from bank accounts to #cryptocurrency exchanges, with a value of less than $100K, effective Feb 1, 23. The move will thwart #crypto access to tens of millions of people worldwide.
Source: asiamarkets.com/swift-network-โฆ
๐จ BREAKING: A report commissioned by the Pentagon concluded that blockchain is not decentralized, is vulnerable to attacks & is running outdated software. The report says that a subset of participants can โexert excessive & centralized control over the entire blockchain system.โ
Hilarious. The Chief Administrative Officer at #SVB used to be the CFO of Lehman Brothers' Global Investment Bank when it collapsed. ๐
Credit: @AutismCapital
๐จ BREAKING: #SEC Chairย Gary Genslerย has hired a senior advisor specializing in #cryptocurrency, who will be in charge of "policymaking and interagency work relating to the oversight of #crypto assets". Remember this name: Corey Frayer. This is very important. #Retweet (1/4)