graeber min\max law
Vinay also does the min\max scenario well in june 2015 wales talk – the part about vc% vs whimsy %.
27 min – venture capital ransom ness (ie: ability for vc’s to pick is extremely low) not effected by crowd doing the work… ie: we’re already shoveling money into a furnace.. i think we should let more people shove more money into the furnace..
30 min – solution is tons and tons of experimenters… and only block to that .. funding and regulation…
indeed.. 7 billion doing their thing.. but perhaps .. not getting money to each other.. but using self-talk to get people to each other.. no?
31 min – on getting away from policing.. on the agreement that no one can make good decisions… so, ie: not a loss at letting everyone decide.. (paraphrase)… i think we’ll discover that equity crowdfunding and vc funding would get the same return…
33 min – if we don’t have a metric for equity crowdfunding.. going to be hard to sell it’s (the same)..
but again – what if that’s (money) the institution/tech that is getting in the way.. yes.. use blockchain/hypertext ness.. but not for distributing/measuring moneys…
36 min – on our inborn love for new tech that is useful…
37 min – the people want flying cars.. the problem is the flying car guy needs to go get funds to start.. regulation/B in the way… we need recreational/tech investment.. to deliver us this flying car utopia that we’re all entitled to… wildly exuberant crowd funding.. blockchain
38 min – ethereum is not equity crowdfund… but the next round of it .. could be
41 min – suggesting … tons of money if we get equity crowdfunding to support ie: tinkerers..
42 min – responsibly managing investment is not a way to get where we want to go… to get real progress.. – (again – graeber’s quote above…) – basically only means we have for solving problems we have… ie: govts too small minded to face big/systemic problems we have.. just can’t talk about stuff like that and get elected..
44 min – reference of red cross.. 6 houses for haiti… with so much money
45 min – blockchain as vehicle to blow innovation up at a local level
46 min – ie: what would have happened if we would have equity crowdfunded fb
47 min – left: people who work should own; right: people who own should own….post-industrial society finds no meaning in that…
49 min – now – only very rich get access… future – equitable access. very important to not sell this inside a left/right mindset… it makes sense from both left and right.. but doesn’t make sense in authoritarian..
50 min – strategy that makes sense along a political axis that has not yet been defined, ie: post-industrial.. makes sense in both left/right mindset ..but not in authoritarian-
whoa.. ironic that this comes from unreasonable institute.. no?