A closer look at the tech world’s manifesto – POLITICO

Balaji Srinivasan, Former CTO of Coinbase and Partner of Andreesen Horowitz turned “Post-economic“Idea Entrepreneur Who Hit Early This Year With His E-Book”network statusA revealing snapshot of the way influential Silicon Valley entrepreneurs envision politics.

Washington’s relationship with Silicon Valley is now a major feature of American political life, as we come to confront the long-term effects of social media, data collection, and “disruptive” technologies such as smartphones or flight sharing. These entrepreneurs have a huge impact on everything from our region personal finances Elena romantic lifeEqually important is the way they think about the freedoms and obligations of American politics.

Srinivasan’s views do not represent the whole of Silicon Valley, but his purchase in political and intellectual circles – he is a close friend of would-be Republican kingmaker Peter Thiel, who lobbied for Srinivasan for Run the Food and Drug Administration In the early days of the Trump administration – she gets special attention. In his book he argues that online communities will replace the nation-state, writing of his desire for “a blank piece of land, a blank sheet of paper, a blank text store, a fresh startup, a clean slate…to build something new without historical constraints.”

The book is essentially separatist. Although Srinivasan has disputed the naming, “Network State” is nothing if not a long hypothetical about how the Internet enables users to leave their own union. There’s still something quintessentially American about both the idea and its personal story: an immigrant kid goes west and makes a massive fortune, then tries to create an entirely new kind of entrepreneurial potential. There is also an undeniable ring of truth to the idea that online communities now largely meet many of the needs of civic associations Alexis de Tocqueville famous description At the heart of American life.

But the idea of ​​a “grid state,” and its appeal in certain technological circles, is more evident in its conflict with the principles of petty liberalism on which American rule still rests.

Srinivasan, influenced by the thoughts Sociologist Albert Hirschman, he assumes that American life has become so stifling that the most viable solution is to “get out,” something he compares to internal immigration. He compares this to success in creating wealth and forming institutions for cryptocurrency, whose success over the past decade, he writes, shows us just how powerful such a combined LARP is. [“live-action role play”] Maybe.”

However, “exiting” the state is more limited than the mere creation of wealth through an uncomfortable reality best explained by Mao Zedong, a hard-line state member: “Political power grows out of the barrel of a gun.” The existing state still has a monopoly on the use of force to enforce laws.

many of Fantasy like Ayn Rand From withdrawing from American life has crashed into end of that barrel. To be clear, Srinivasan advocates anti-violence as a way to achieve network status. But the book fails to adequately address this limitation of his argument, and has mostly assumed that the state’s monopoly on power would simply vanish amid something like civil war or a loss of public legitimacy.

Until this day comes, the decentralized societies envisioned by Srinivasan and those who share his desire will still have to contend with the state. However, as elusive as they are, these are the operating principles that in many cases determine who gets the money, what ideas are preferred, and how our technologies work. This means that it affects all of us, whether we ourselves “choose” philosophy or not.

Members of the European Parliament met today To come up with more details about the Artificial Intelligence Act, the legislation coming from the European Union that will put protective barriers around the development and implementation of the technology.

Gian Volpicelli of Politico owned Details for Pro . subscribers This morning, we reported that MEPs will hold a special meeting today on:

  • Regulatory “sandboxes,” where developers can operate without worrying about regulation before putting AI systems into practice
  • Emergency loopholes that would allow implementation in circumstances “to protect people’s lives, health, the environment or key infrastructure”
  • To what extent should the European Commission be responsible for determining whether AI is interfering with the fundamental rights of Europeans as enshrined in the EU Charter?

Gyan also describes the political dynamics at play within the European Parliament as well, with center-right MPs wanting to allow more leeway for developers and members of the left who are calling for stricter limits on the above issues.

“Merge” Ethereum, or turn it into an environmentally friendly method of account, It is a win-win for both the environment and those in the crypto world seeking to shed the reputation of the energy-hungry technology.

However, it is a loss for investors who have spent large amounts of money in recent years on equipment to carry out the “proof of ownership” mining that the network leaves behind. In today’s Morning Money newsletter, Politico’s Sam Sutton and Ben White report that miners have effectively stopped working through the consolidation, in some cases after about a year of making significant investments in mining the Ethereum currency, ether.

“It’s basically the end of the world,” BitPro CEO Mark D’Aria, whose Long Island company specializes in reselling used computers to ether miners, told Sam and Ben. “I don’t see how bad it can be based on where it’s headed.”

One of the CEOs of a mining company told Morning Money that they are moving their computers to a data center where they can be used to support artificial intelligence, machine learning or visual effects services. It is not certain whether such processes will be viable, but the way they have been forced to “pivot” is only the latest example of how non-digital fears have erupted in the real world in what was previously a largely isolated society.

Stay in touch with the whole team: Ben Scheringer ([email protected]); Derek Robertson ([email protected]); Konstantin Kakays ([email protected]); And the Heidi Vogt ([email protected]). Follow us Tweet embed on Twitter.

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