Astral Codex Ten

Balaji Srinivasan

28 min read

Balaji Srinivasan

Article

Balaji Srinivasan is a recurring person in the Astral Codex Ten archive, appearing 7 times across 7 issues between January 21, 2021 and May 23, 2023. The archive places it in contexts such as “I got an email from Balaji Srinivasan”; “I learned never to make an enemy of Balaji Srinivasan. I am humbled by his support”; “Balaji Srinivasan’s rule about hit pieces is to get out in front of them”. It most often appears alongside United States, US, Bitcoin.

Metadata

  • Category: People
  • Mention count: 7
  • Issue count: 7
  • First seen: January 21, 2021
  • Last seen: May 23, 2023

Appears In

Source Context

Recovered passages from the original issue text. When the raw archive preserved outbound links inside the source passage, they are listed directly under the quote.

Still Alive
January 21, 2021 · Original source
I got an email from Balaji Srinivasan, a man whose anti-corporate-media crusade straddles a previously unrecognized border between endearing and terrifying. He had some very creative suggestions for how to deal with journalists. I'm not sure any of them were especially actionable, at least not while the Geneva Convention remains in effect. But it was still a good learning experience. In particular, I learned never to make an enemy of Balaji Srinivasan. I am humbled by his support.
Open Thread 157
January 24, 2021 · Original source
3. Some people are predicting that now that the blog is back up NYT might still publish their article about me. I guess I have no right to object anymore. Balaji Srinivasan's rule about hit pieces is to get out in front of them and reveal any negative information they're going to use before they do. Right now the negative information I know they've collected is an incident in college where I was writing a humor thing in a college paper, tried to write a column mocking racists, did it so badly that people thought I was asserting the racism, then did a bad job apologizing afterwards. Someone else says they might use some old comments of mine to suggest I support eugenics. I support it in the sense of improving people's genetics and genetic outcomes - long-term through genetic engineering, medium-term through having things like the Nobel sperm bank (but less badly done) available for people who want them, and short-term through voluntary community-based efforts like Dor Yeshorim. I don't support any form of eugenics more coercive or racist than that. I think these are the main pieces of negative information on me they're pursuing, so I look forward to seeing them treat everything else I've done fairly and in-context.
Inline links: Nobel sperm bank, Dor Yeshorim
Prospectus On Próspera
April 14, 2021 · Original source
HPI is getting some funding from Pronomos Capital, who are exactly the sort of people you would expect to see founding their own city. Pronomos is a group of Silicon Valley libertarians interested in competitive governance; their site predicts "crowd choice in governance providers, new startup societies approved by existing states, and completely new developments in unclaimed areas such as the high seas or celestial bodies". Some of them are veterans of the Seasteading Institute, who wanted to create charter cities on floating platforms in international waters. Pronomos is run by former SI head Patri Friedman (grandson of Milton Friedman, son of David Friedman), and their advisors include cryptocurrency mogul / VC / outspoken libertarian Balaji Srinivasan, legendary venture capitalist Naval Ravikant, and lots of other apparently rich and famous people who I know less about. I think we would all be disappointed in Peter Thiel if he were not involved in this somehow, and it looks like in fact he’s a major Pronomos funder.
Inline links: Pronomos Capital, he’s a major Pronomos funder
21
December 06, 2021 · Original source
Second, Bitcoin miners don’t want a city the shape of a Bitcoin with a central plaza in the shape of a Bitcoin logo. They want cheap electricity. Bukele has promised that there will be cheap geothermal power from the volcano, which sounds good, but this article says El Salvador’s existing geothermal energy costs about 12 cents/kilowatt-hour, much higher than the 4 cents/megawatt-hour miners can get in the current cheapest areas. Maybe El Salvador could do a really good job upgrading their energy infrastructure, but at some point you’re subsidizing this rather than using it as a cash cow. And third, this isn’t even the stupidest plan to build a cryptocurrency-themed city in the Third World. That arguably goes to Akon City, a thing where a pop singer named Akon was going to build a cryptocurrency city in Senegal. Now, without any construction having started, they’re planning to build a second one in Uganda! All competing for the same handful of crypto companies! But I looked into Bukele to see if he was a moron with a habit of coming up with terrible ideas. It seems like no. He rose from nothing to become El Salvador’s first outside-the-traditional-party-system president, and has an approval rating of around 90%. And apparently he’s presided over a historic drop in the homicide rate of this previously murder-capital-of-the-world country. Although I’m betting that one day he’ll make a great Dictator Book Club entry, I’m prepared to give him the benefit of the doubt on “doesn’t do stupid things for no reason” What’s the non-stupid explanation for this? Maybe it’s supposed to be a signal. You can give up 5% of the way through, but even trying to build a Bitcoin-shaped city at least shows very conclusively that you’ve got a crypto-friendly regulatory climate, so many easily-spooked crypto companies will flock to you. This makes sense in the context of big crypto companies moving to the Caribbean for regulatory reasons, eg FTX moving to the Bahamas and Binance moving to the Cayman Islands. But if I understand correctly, both of these companies make on the order of $1 billion a year. If El Salvador can tax them at 5% (dubious, since a big part of promising a friendly regulatory climate is low taxes), that’s still only $100 million if they can capture both of them. Which they can’t, because these companies seem happy where they are. And I don’t think there are a lot of similarly-sized crypto companies looking for Central American homes that I don’t know about. And even though El Salvador is pretty poor, it’s not so poor that $100 million is worth embarrassing themselves over. So I’m stumped. EDIT: See this comment. Praxis, aka Bluebook Cities, the Internet Speaking of stumped, who are these people? Right now, they’re a web page with a lot of buzz promising the City Of The Future, in very poetic language: Praxis is a grassroots movement of modern pioneers building a new city. We are technologists and artists, builders and dreamers. We are building a place where we can develop to our fullest potentials, physically, culturally, and spiritually. Bitcoin was developed as a financial technology with political goals identical to those of the Founding Fathers: liberation. The ultimate end of crypto is the possibility of a future for humanity unshackled from the institutions that seek to limit our growth. Our ultimate goal is to bring about a more vital future for humanity, and we will use technology to achieve this righteous end. Our civilization is unwell. We eat food that kills us, we’ve lost sight of beauty, and we neglect our spiritual lives. The world is deranged and decayed, and this frightens people. We don’t look up from our screens; we seek to live within them. Crypto is a fundamentally political technology -- escape to the metaverse is a betrayal of the principles on which it was founded. We are descended from the people who built Rome and Athens, who dared to split atoms and voyage to the Moon. We can build new worlds not just of bits, but of atoms. But where is this city? What will its policies be? As we leave old lands, our values are our compass. Like wolves, tribes of pioneers are muscular by necessity. For voyaging tribes to settle, they must perform murmurations: intricate coordination with little communication, at scale. This is only possible with a strong sense of asabiyya (group feeling derived from deeply-held shared values). Our values inform the destiny we desire, and for which we struggle. Asabiyya is forged in this struggle. With asabiyya, pioneers can earn the divine mandate to build a city. Cities are the fount of human ingenuity. In cities, people enjoy their fullest potential by contributing their resources under the auspices of civilization. Who even are you? What experience do you have with city-building? Civilizations rise and fall. All around us, we see civilizational decay. The people are not vital: physically, culturally, spiritually. We live in an era of obesity, remakes, and pollution. We are losing the divine mandate, and in an era of absolute weapons, what’s at stake is everything. But perhaps there’s some glory in death by a light brighter than a thousand suns. A worse fate may await humanity: atrophied bodies submerged in gel, fed synthetic bug paste, minds occupied by the petty amusements of a corporate metaverse. There, nothing is at stake; there are no frontiers to explore; no growth is possible. Nothing to live for, and nothing to die for. As we walk between these twin fates, the light of our civilization dims. But beyond the horizon, we see a new light emerging. Like the sun at dawn, it cannot be stopped. Vitality itself is the foundational value of this new civilizational form, and we have the technology to enact our moral imperative as never before. You’re not answering my…okay, fine, whatever, forget it. As far as I can tell, Praxis is two 25-year-olds with no previous experience, armed with about $10 million in Peter Thiel’s money. Peter Thiel is a smart person known for having good business sense, but he’s also known to have a weakness for young people who dream big and sound like purveyors of esoteric secrets. I wonder if the simplest explanation is just that this is one of the cases where his weakness got the better of his sense, and now these two random people have $10 million earmarked for building a city, and no idea what to do. [CORRECTION: some people involved in Praxis have reached out to tell me that it was $4 million instead of $10 million, and that it was Thiel-backed Pronomos and not Thiel himself. I’ll be getting in touch with them to learn if there are other issues or things I should correct here] But that’s not how they put it! The way they put it is - all previous charter city founders have started by approaching governments and pitching their ideas. But there’s a chicken-and-egg problem: governments don’t want to give land to a purely hypothetical city that might not pan out, and the city can’t pan out until governments give it land. Praxis’ plan is to build the community first, then go to a government saying “Here’s 50,000 people who have agreed to join our city, and lots of businesses and organizations that are excited about it. Please give us land for our guaranteed-success, concretely-existing project.” Now this is a different chicken-and-egg problem: why join a community of people with no land and no plans? Praxis writes: What if we try to draw people to new cities not on an economic basis, but rather on a spiritual one? Which city (or country) founding projects have succeeded that have drawn people on a predominantly non-economic, but rather spiritual basis? Among others, Israel and America. Both groups were oppressed, and sought the freedom to live by their values. Both felt the intangible pull of the frontier. Both had a keen historical instinct. This is how cities with spiritual significance are founded. The correct approach to city building in this new world is demand-first (or as Balaji Srinivasan calls it, Cloud City first). We build the citizenry before the city. First, we create communities of true believers, organized around shared values, online. People move to cities for people, and it follows that if you collect a group of people who all want to live together, they’ll all move together if at a moment in time everyone else does, too. Today, we have new tools. The emergence of Web3 enables us to supercharge communities with self-ownership, governance, and determination. Once you build a community of people ready to move to a new city together, you can self-finance the entire project. With something real to offer nations, conversations with governments become productive (e.g. Gigafactory). That’s how you make the risk dominoes fall. The problem is, Israel worked because it had Judaism. Judaism is a very specific belief. Prospera is specifically libertarian, Telosa is specifically Georgist, and even the Bitcoin-shaped volcano city knows what it’s about. What is Praxis? The use of “atrophied bodies submerged in gel, fed synthetic bug paste” as a warning reads very slightly right-wing to me - there’s a right-wing meme about how the media keeps trying to get people to eat bugs, and how this is the shape our future dystopia will take. But whether I’m right or wrong, the fact that it’s hard to tell is a problem. The only other clues we’re getting are their Discord, which seems to be focused around getting a currency called PRAX for completing tasks. Once you get enough, you can become a Member, which seems to be where the real excitement starts. (source) I’m not even being sarcastic - I expect being a member to be quite fun. I say this because when I was a teenager I was part of a bunch of country simulation projects, some of which got past the inherent nerdiness of being a country simulation project exactly the same way Praxis is doing it - by saying that we were going to become a real country someday, as soon as we were big enough to convince people. These were usually fun and interesting and educational, and I made lots of great like-minded teenage and twenty-something friends. But none of them ever came close to becoming a real country, and I’m not sure it was merely for lack of millions of dollars. I hope I’m wrong and they manage to forge new lands through struggle to uplift the human spirit or whatever. Elsewhere In Model Cities Vitalik Buterin on the intersection between local government and blockchain technologies. He recommends they “start with self-contained experiments, and take things slowly on moves that are truly irreversible”, which is a weird way of saying “what we crypto leaders really want is a city at the base of a volcano, shaped like a giant Bitcoin”.
Inline links: with a central plaza in the shape of a Bitcoin logo, this article, Akon City, a second one, Bukele, a historic drop in the homicide rate, Dictator Book Club, moving to the Bahamas, moving to the Cayman Islands, this comment, promising the City Of The Future, far as I can tell, the media keeps trying, their Discord, tasks, https://substackcdn.com/image/fetch/$s_!2TK6!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F020ebe08-e968-45cd-ba39-a91cdc6e5892_473x533.png, source, a bunch of country simulation projects, the intersection between local government and blockchain technologies
Mantic Monday: Dogs In Wizard Hats
December 27, 2021 · Original source
2: Balaji Srinivasan suggests using prediction markets to judge the winner of college debates:
2: Balaji Srinivasan suggests using prediction markets to judge the winner of college debates: @pairagraph You might run formal debates. Have people sign in with ENS for proof of identity. And try a prediction market like @PolymarketHQ to see who won the debate, with Oxford-style scoring. ","username":"balajis","name":"Balaji Srinivasan","profile_image_url":"","date":"Mon Dec 13 19:06:50 +0000 2021","photos":[],"quoted_tweet":{},"reply_count":0,"retweet_count":2,"like_count":9,"impression_count":0,"expanded_url":{"url":"https://www.intelligencesquaredus.org/news/blog/what-oxford-style-debate-format","image":"https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/d3fb6907-a076-48c3-935a-0c835eda9ee3_1500x844.jpeg","title":"What Is the Oxford-Style Debate Format?","description":"The Oxford-style debate format involves a debate on a predetermined statement – also called a “motion” – from two opposing perspectives. The two sides either argue “for” or “against” the motion within a formalized structure. The Intelligence Squared U.S. debate series favors the Oxford-style format …","domain":"intelligencesquaredus.org"},"video_url":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM"> I’m not sure I understand this very well yet but maybe someone else can explain it to me.
22
June 28, 2022 · Original source
Celebration, Florida. But earlier this year, Florida passed a law banning schools from teaching LGBT topics to young children, which the media dubbed “the Don’t Say Gay Law”. Disney did some corporate activism against the law, the Florida government got mad and brainstormed ways to punish Disney, and the best they could come up with was to re-establish state control of Reedy Creek, which DeSantis officially did last month. Disney has sued the state, but it looks like it’s just over some debts and the lawsuit is unlikely to prevent the dissolution. You get socialists in power, they dissolve charter cities. You get conservatives in power, they also dissolve charter cities. All I want is one government that doesn’t dissolve charter cities! Is that too much to ask? Hello, Afropolitan Last year venture capitalist and thought leader Balaji Srinivasan introduced the idea of a “network state”. With the advent of social networks and cryptocurrency, as well as increasing polarization leading people to group themselves more by ideological cohesion than geographic proximity, maybe people could group themselves into nonterritorial state-like communities. And although these would seem pretty thin compared to real states that have monopolies over use of force in real geographic areas, maybe some of them could use charter-city like systems to eventually buy land and graduate into full statehood. (is this just the Hive System from Terra Ignota? I think so, but probably with fewer major governments being controlled by weird brothels.) Anyway, Afropolitan has taken him up on this. They share a name with a landmark essay by Achille Mbembe (founding a country based on an especially good essay also sounds like something that would happen in Terra Ignota, as does history being changed by people named things like “Achille Mbembe”), arguing that Africa needs to re-invent or re-define itself or something. The founders of Afropolitan-the-company have taken this idea of a trans-national African diaspora and turned it into an "African DAO [and] digital nation...building a network state to unleash the maximum potential of Africans around the world". They write: The nation-state experiment has failed for Black people worldwide. It has yielded nothing but poverty, genocide, police brutality, ethnic strife, inflation, weak government, and the failure of our ecosystems. All people who call themselves free have a fundamental right to create the society they want by choice collectively. As the internet enables us to shrink space and form bonds across the planet, no person should live in a society by accident or force. …and go on to list a four-step plan to create the society of the future. Step One is to sell NFTs “representing the mythology of our new nation” . Step Four is “a[n] extensive system of charter cities akin to Singapore or Hong Kong”. In the unlikely chance that you care what Steps Two and Three are, you can find them here. Why should you take them seriously? I am not at all claiming that you should. I am only claiming that “sell digital tokens representing mythology, but eventually this turns into a country” is the most Terra Ignota thing ever. Also, at least the founders have good aesthetics: But also, some people are taking them seriously. VCs including Balaji Srinivasan has invested $2 million. The group claims to have 50,000 followers on Clubhouse. They’ve been featured on TechCrunch and (very briefly) Marginal Revolution. I would, however, briefly challenge their claim to be “the first ever Internet country”. People have been building Internet countries as long as there has been an Internet. I’m not sure which was actually first, but I know the Kingdom of Talossa has been online since 1995. A 2000 New York Times article on the Internet country phenomenon profiled Talossa, but was already able to give six other examples. And although these were perhaps easy to miss, Danny Wallace started the Kingdom of Lovely, a “partly Internet-based project that claims a small amount of territory”, on a widely-viewed BBC documentary in 2007. I myself got involved in an online country project back when I was a teenager in the early 2000s. Although no venture capitalists appeared to give me giant bags of money, it got a few dozen “citizens” and some fun government institutions before finally petering out around 2015. I guess what I’m saying is - I’m available as an Internet country building consultant with fifteen years experience. And no, I don’t accept payment in NFTs. Oh, You’re Still Here? Meanwhile, in Honduras, it isn’t all legal doom and gloom. Prospera has also been making real progress, as measured in pretty photos. Two Roatan resorts, Las Verandas and Pristine Bay, have joined Prospera. The ZEDE law saying that landowners can voluntarily annex their land into a willing ZEDE: Las Verandas Pristine Bay Prospera is also building a high-tech wood processing factory that will eventually produce parts for its other construction efforts: Current construction progress Planned final appearance And its first multi-story apartment buildings: Current construction progress Planned final appearance It will also be hosting gene therapy company Mini Circle, which runs clinical trials for innovative medical procedures. Granting that many of its studies (treatments for HIV, muscular dystrophy, obesity, etc) seem great and important, it perhaps seems suspicious that they would want to do this in a charter city? The company writes that “the cost of running a trial in Prospera is less than 1/1000th the cost of the United States”, which seems good in ways but does not entirely allay my concern. I was originally worried that they would be experimenting on Hondurans or something, but looking at the site it looks like they’re recruiting worldwide and would probably fly Americans (or whoever else) to Honduras for the therapy. Their site features a quote from friend-of-the-blog Alex K Chen, who says: Minicircle's bioscientists have one of the most enlightened risk taking calculi I have observed anywhere. In an environment where extreme hesitance to take any risk holds back scientific progress, they have the openness to imagine, try and measure just about any legal intervention putting them in a very strong position to both produce a significant measurable decrease in the human rate of aging, and to inspire more people to do what they never thought was possible. I think the only way this could get more mad science points is if it used the phrase “small-minded fools”. Mind you, I think mad science points are good, I just hope everyone else sees it that way and my optimism turns out justified. Also, apparently the clinical trials have NFTs, because of course they do. At least they’re not commemorative NFTs - they seem to play a load-bearing role where they help participants be incentivized to complete all the necessary tests. Also, low-cost eco-residences! Shorts 1: I previously mentioned the scam/fiasco/insane-idea of Hammer City, a planned black nationalist city in the Rocky Mountains. I knew it had failed, but I didn’t know exactly how. Now Colorado Sun has investigated. The proximal reason it failed was because the black nationalists started moving their paramilitary onto the land before they had officially bought it, the owner called the cops, and the cops removed them. The Hammer City team has not given back any of the $112,000 which they raised from extremely credulous donors (without using NFTs, even!) 2: The Charter Cities Institute continues doing the long-term ground-level work necessary to create long-term well-grounded charter cities which will be much too boring and responsible for me to write silly profiles of. Some of their most recent work has been with the Africa Next 50 Cities Coalition, which “convenes and mobilizes key stakeholders who are dedicated to harnessing Africa’s rapid urbanization for human prosperity”. 3: Also, CCI founder Mark Lutter has left the organization to start a charter city of his own, no public details yet. CCI will be looking for a new executive director. 4: Speaking of Disney, they’ve been building on their model city expertise and magical storybook branding by creating planned communities around the US - Story Living By Disney, starting with Rancho Mirage California. Realistically it just looks like a very nice planned community, but this planned community comes with the option to have people make fun of you forever for living in a Disney community as an adult. Predictions for this month: Prospera is still substantially a functioning ZEDE in 2025: 70%
Inline links: which DeSantis officially did last month, sued the state, the idea of a “network state”, Hive System, Terra Ignota, Afropolitan, a landmark essay, write, https://substackcdn.com/image/fetch/$s_!BBLQ!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F66ebf4ac-a5c2-4302-ac1f-40f713cbb51d_1024x777.jpeg, TechCrunch, Marginal Revolution, Kingdom of Talossa, online since 1995, 2000 New York Times article, involved, Las Verandas, Pristine Bay, https://substackcdn.com/image/fetch/$s_!dYxp!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fc16a62d7-1b52-4fe4-b90a-66c4f1b04101_1280x720.jpeg, https://substackcdn.com/image/fetch/$s_!KJAN!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F373a13d3-0b61-4d6a-a4ac-92603c37b111_1280x720.jpeg, https://substackcdn.com/image/fetch/$s_!bhg-!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F3f046579-f61b-44aa-b71e-6f5af5d6c23e_1280x960.jpeg, https://substackcdn.com/image/fetch/$s_!m5Lg!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Faaf75e74-8afa-4af1-96e3-1d4a1e91bf39_1280x720.jpeg, https://substackcdn.com/image/fetch/$s_!d_hY!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F0082aa8d-b926-43f9-af75-36613937362e_1280x864.jpeg, https://substackcdn.com/image/fetch/$s_!_G7z!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fdc74e9e5-527d-4f66-9c84-b59ec616efc8_1280x719.jpeg, Mini Circle, the clinical trials have NFTs, https://substackcdn.com/image/fetch/$s_!Mfsk!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fdbaafb7e-9fc6-4fe9-abe1-e5fe0c018dd3_1024x768.jpeg, Colorado Sun has investigated, Charter Cities Institute, CCI founder Mark Lutter has left the organization, Story Living By Disney, Rancho Mirage California
But also, some people are taking them seriously. VCs including Balaji Srinivasan has invested $2 million. The group claims to have 50,000 followers on Clubhouse. They’ve been featured on TechCrunch and (very briefly) Marginal Revolution. I would, however, briefly challenge their claim to be “the first ever Internet country”. People have been building Internet countries as long as there has been an Internet. I’m not sure which was actually first, but I know the Kingdom of Talossa has been online since 1995. A 2000 New York Times article on the Internet country phenomenon profiled Talossa, but was already able to give six other examples. And although these were perhaps easy to miss, Danny Wallace started the Kingdom of Lovely, a “partly Internet-based project that claims a small amount of territory”, on a widely-viewed BBC documentary in 2007. I myself got involved in an online country project back when I was a teenager in the early 2000s. Although no venture capitalists appeared to give me giant bags of money, it got a few dozen “citizens” and some fun government institutions before finally petering out around 2015. I guess what I’m saying is - I’m available as an Internet country building consultant with fifteen years experience. And no, I don’t accept payment in NFTs. Oh, You’re Still Here? Meanwhile, in Honduras, it isn’t all legal doom and gloom. Prospera has also been making real progress, as measured in pretty photos. Two Roatan resorts, Las Verandas and Pristine Bay, have joined Prospera. The ZEDE law saying that landowners can voluntarily annex their land into a willing ZEDE: Las Verandas Pristine Bay Prospera is also building a high-tech wood processing factory that will eventually produce parts for its other construction efforts: Current construction progress Planned final appearance And its first multi-story apartment buildings: Current construction progress Planned final appearance It will also be hosting gene therapy company Mini Circle, which runs clinical trials for innovative medical procedures. Granting that many of its studies (treatments for HIV, muscular dystrophy, obesity, etc) seem great and important, it perhaps seems suspicious that they would want to do this in a charter city? The company writes that “the cost of running a trial in Prospera is less than 1/1000th the cost of the United States”, which seems good in ways but does not entirely allay my concern. I was originally worried that they would be experimenting on Hondurans or something, but looking at the site it looks like they’re recruiting worldwide and would probably fly Americans (or whoever else) to Honduras for the therapy. Their site features a quote from friend-of-the-blog Alex K Chen, who says: Minicircle's bioscientists have one of the most enlightened risk taking calculi I have observed anywhere. In an environment where extreme hesitance to take any risk holds back scientific progress, they have the openness to imagine, try and measure just about any legal intervention putting them in a very strong position to both produce a significant measurable decrease in the human rate of aging, and to inspire more people to do what they never thought was possible. I think the only way this could get more mad science points is if it used the phrase “small-minded fools”. Mind you, I think mad science points are good, I just hope everyone else sees it that way and my optimism turns out justified. Also, apparently the clinical trials have NFTs, because of course they do. At least they’re not commemorative NFTs - they seem to play a load-bearing role where they help participants be incentivized to complete all the necessary tests. Also, low-cost eco-residences! Shorts 1: I previously mentioned the scam/fiasco/insane-idea of Hammer City, a planned black nationalist city in the Rocky Mountains. I knew it had failed, but I didn’t know exactly how. Now Colorado Sun has investigated. The proximal reason it failed was because the black nationalists started moving their paramilitary onto the land before they had officially bought it, the owner called the cops, and the cops removed them. The Hammer City team has not given back any of the $112,000 which they raised from extremely credulous donors (without using NFTs, even!) 2: The Charter Cities Institute continues doing the long-term ground-level work necessary to create long-term well-grounded charter cities which will be much too boring and responsible for me to write silly profiles of. Some of their most recent work has been with the Africa Next 50 Cities Coalition, which “convenes and mobilizes key stakeholders who are dedicated to harnessing Africa’s rapid urbanization for human prosperity”. 3: Also, CCI founder Mark Lutter has left the organization to start a charter city of his own, no public details yet. CCI will be looking for a new executive director. 4: Speaking of Disney, they’ve been building on their model city expertise and magical storybook branding by creating planned communities around the US - Story Living By Disney, starting with Rancho Mirage California. Realistically it just looks like a very nice planned community, but this planned community comes with the option to have people make fun of you forever for living in a Disney community as an adult. Predictions for this month: Prospera is still substantially a functioning ZEDE in 2025: 70%
Inline links: TechCrunch, Marginal Revolution, Kingdom of Talossa, online since 1995, 2000 New York Times article, involved, Las Verandas, Pristine Bay, https://substackcdn.com/image/fetch/$s_!dYxp!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fc16a62d7-1b52-4fe4-b90a-66c4f1b04101_1280x720.jpeg, https://substackcdn.com/image/fetch/$s_!KJAN!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F373a13d3-0b61-4d6a-a4ac-92603c37b111_1280x720.jpeg, https://substackcdn.com/image/fetch/$s_!bhg-!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F3f046579-f61b-44aa-b71e-6f5af5d6c23e_1280x960.jpeg, https://substackcdn.com/image/fetch/$s_!m5Lg!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Faaf75e74-8afa-4af1-96e3-1d4a1e91bf39_1280x720.jpeg, https://substackcdn.com/image/fetch/$s_!d_hY!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F0082aa8d-b926-43f9-af75-36613937362e_1280x864.jpeg, https://substackcdn.com/image/fetch/$s_!_G7z!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fdc74e9e5-527d-4f66-9c84-b59ec616efc8_1280x719.jpeg, Mini Circle, the clinical trials have NFTs, https://substackcdn.com/image/fetch/$s_!Mfsk!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fdbaafb7e-9fc6-4fe9-abe1-e5fe0c018dd3_1024x768.jpeg, Colorado Sun has investigated, Charter Cities Institute, CCI founder Mark Lutter has left the organization, Story Living By Disney, Rancho Mirage California
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May 23, 2023 · Original source
Balaji Srinivasan, a VC, multimillionaire, and Twitter personality, paid his taxes last month. An enthusiastic Bitcoin promoter, he said that the recent run of bank collapses, most notably Silicon Valley Bank, would be the spark for rampant hyperinflation; he urged his followers to switch to Bitcoin immediately.
Having known Balaji Srinivasan for more than half of my life, I can attest that he is a man of deeply held beliefs who is bold in his business dealings. Thus, if anyone I know was going to bet some pseudonymous internet rando a million dollars on an outcome that is incredibly unlikely to happen, it would probably be Balaji.
I interpret this as: it’s tempting to treat this as Team Long-Range-Forecasting-Is-Possible Vs. Team No-It-Isn’t. But everyone agrees certain kinds of long-range forecasts are possible (I predict with high confidence that the US President in 2050 will not be a Zoroastrian) and others are impossible (I cannot begin to predict the name of the US President in 2050). People who consider themselves “believers” vs. “skeptics” about long-range forecasting should figure out the exact boundary of which cases they disagree on. And then Tetlock et al can test those cases and figure out who’s right. Balaji’s Big Bitcoin Bet What’s the role of bets in forecasting? Prediction markets are their own thing, but in general a bet acts as a commitment mechanism. If you really believe a probability estimate, you should be willing to bet at the relevant odds. Not in real life; in real life you might be risk-avoidant, or the transaction costs might be too high. But in theory you should be willing to bet; thus the saying that “a bet is a tax on bullshit”.