And @amcafee, those warning us did not originate from the "elite" academics. Gee. The Harvard/Stanford pipeline is integrated with the tech payout. Early warners were more marginal academics. It just moved up as it became more obvious so "elite" academia joined, as they do.
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This is probably the core philosophical difference. We think of startups as the ultimate form of constructive criticism, and of tech giants as vulnerable. We also think the state is not competent (see: SF, CA, US). Reform is welcome, regulation just strengthens incumbents.
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I actually agree with many of the criticisms regarding privacy and centralization of power — but we’ve seen what state regulation looks like. It looks like GDPR. It’s not competent or surgical or effective. Startups & crypto protocols are a different approach to reform.
End of conversation
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Here, me in 2012. I got enormous push back from both the Democrats and Silicon Valley, told I was paranoid, "malarkey", etc. Insiders and winners do not, and cannot, fix such things because they often cannot even see (until something like 2016 happens). https://www.nytimes.com/2012/11/17/opinion/beware-the-big-data-campaign.html …pic.twitter.com/mCKrAndosL
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Or, they just announce something with great fanfare, and then quietly… don’t do it.https://www.buzzfeednews.com/article/craigsilverman/slow-facebook …
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