network

“And you can essentially have networks replace entire corporations.”

“Percent of the networks that are attempted fail in the bootstrap phase.”

“The network, you have a third thing you don't steal because the network won't let you. Either you'll get canceled by the social network, or you will not be able to take it because the encryption prevents you.”

“One way to think, one sort of simple heuristic is anywhere where there's a, where you want to build a network, and it's a challenge to sort of build the early phases of the network, crypto can be a really useful way to help, ah, bootstrap that.”

“The state is someone should pass a law and the network is someone should write some code, right? The state is everybody who is directly or indirectly paid by essentially either the US government or a government more generally. And the network is all those peop…”

“So it gets a very fundamental thing where tech guys are sensing there's something here, but ultimately the network has to supplant the state as the form of truth.”

“And then you have to look back and say, where is AI constrained? Right now. It's constrained in power, it's constrained on compute, it's constrained on the net, on the network.”