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Two years ago, we put a Bitcoin outlaw on stage in the East Village. Now Charlie Schwagg is out of prison on a presidential pardon, and his family wants him to launch a memecoin. Bitcoin Bad Boy opens at the Chain Theatre, NYC, October 15 to 25.
Ben Schiller retweeted
I'm increasingly despondent about how binary the AI debate has become in the US. Either you're naively pro-AI, happy to see massive data center build-out and a handful of frontier model companies become central to everything we do online, or you want to pause research, stop the build-out, and discourage people from using AI.
Almost nowhere do I see people talking about the need for decentralized AI. To me, this is the only safe way forward.
There's an underlying truth to both sides of the naive debate.
The pro-AI camp is right that refusing these technologies leaves enormous consumer welfare gains on the table. An individual using an AI agent to interact with companies and governments can stand up for their own interests rather than accept whatever terms or bureaucracy they're offered without a practical means of negotiating. And refusing to advance AI research would have enormous national security and competitiveness consequences as adversaries develop technologies that could exploit our increasingly vulnerable infrastructure.
The anti-AI camp is right that a world where everyone uses the same handful of inference providers for their most intimate affairs rapidly looks like a corporate panopticon. Ask yourself whether you really want every self-driving car to have a corporate kill switch. Sure, we could just regulate and trust giant inference providers, as we've done with Big Tech companies like Google. But the stakes are much higher when these companies sit at the center of virtually all our computing, and increasingly our physical infrastructure. Email and cloud storage were just the beginning.
Both of these positions can be true. And their synthesis points toward a third way.
We should be supercharging AI development and adoption while encouraging sovereign AI: systems in which individuals have meaningful control over the models, data, and infrastructure providing their inference.
An important distinction is between training models and providing inference. Frontier training may require enormous concentrations of capital, energy, and compute. That doesn't mean the companies that train models must also control how people use them. Even the most capable models should be runnable independently of their creators.
People should be able to keep their data locally and run models on hardware they control whenever feasible, especially where independence matters for safety, as with self-driving cars and home security systems. They should have access to open-weight models they can inspect, modify, and run without anyone's permission.
Where cloud computing is necessary, we need genuine competition among providers that respect user privacy and autonomy. But competition isn't enough. We should develop technical and protocol-based guarantees that limit what even a dominant provider can learn about or do to its users.
Technologies pioneered in cryptocurrency could play a significant role. Zero-knowledge proofs could help verify that computations were performed correctly; homomorphic encryption could enable computing on encrypted user data without revealing it to providers; and blockchain-based protocols could coordinate decentralized computing resources and enable new forms of user ownership. These technologies are at different stages of maturity, but point toward privacy and user control guaranteed by system architecture rather than a company's privacy policy.
Perhaps users could even own part of the infrastructure providing their inference, sharing in its value rather than merely providing valuable data to someone else's business.
There's no reason AI's enormous promise should require surrendering control over our digital lives to a handful of corporations. We can have rapid AI progress and individual technological sovereignty. Indeed, I think the latter is essential if we want the former to be a lasting benefit to humanity.
Ben Schiller retweeted
🚨NEW: The midterms proved to be largely a bruising night for the GOP and the crypto industry. Here are the key wins and losses:
📌Over $64M of industry money failed to keep Sherrod Brown out of the Senate. Brown could land a committee leadership role with jurisdiction over crypto.
📌Pro-crypto House Republicans including @RepBryanSteil, @ZachNunn and @RepAnnWagner lost their seats. @RepMikeLawler conceded to Cait Conley, though AP has not called NY-17 yet as delayed ballots are counted.
📌DSCC Chair @SenGillibrand helped deliver a larger than expected Senate majority for Democrats, strengthening her influence in the conference. On the flip side, Republicans lost control of the Senate under NRSC Chair @SenatorTimScott, who is expected to move from Banking Chair to Ranking Member next Congress.
📌House Financial Services Chair @RepFrenchHill race not called yet but looks like he will squeak by with a margin of a few thousand votes. He’s expected to become Ranking Member, while Maxine Waters takes the gavel.
📌Pro-crypto Banking Committee member @PeteRicketts won his race in Nebraska.
📌Pro-crypto @RepAndyBarr won Kentucky’s open Senate seat, replacing Mitch McConnell, and will likely be a contender for a slot on the Banking Committee.
Decision Desk HQ projects Sherrod Brown wins the OH US Senate Special Election General
#DecisionMade: 11:15 PM EST
Follow live results here: votes.decisiondeskhq.com/rac…
Ben Schiller retweeted
It’s ironic that in the last election crypto PAC money unseated Sherrod Brown, who used to be chair of the Senate Banking Committee … making way for Elizabeth Warren to head it up now … but Brown was reelected last night, so crypto now has a worse enemy in this pivotal chair role and Brown is back anyway. And Clarity never got passed when the GOP had Congress 🤦🏻♀️
Btw, we wrote about this problem with unseating Brown two years ago unchainedcrypto.com/the-one-…
Sen. Elizabeth Warren appears poised to chair Senate Banking after Democrats won Congress.
unchainedcrypto.com/democrat…
They doubled down after Clarity in Sept. even though odds were choppy at best > polymarket polymarket.com/event/ohio-se…
The crypto super PAC network Fairshake couldn't kill Brown again and the industry didn't bother to spend a dollar helping any other Senate Democrats this cycle. The industry's agenda is dead in the Senate for I don't even know how long.
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Ben Schiller retweeted
The big fear has specifically been that Sherrod Brown will chair Senate Ag while Elizabeth Warren chairs Senate Banking, given CFTC and SEC oversight
Ben Schiller retweeted
It's likely unconstitutional (because retroactive), but how counterproductive will California's billionaire tax end up being? Plus, the bloody, bloody, bloody (for GOP) midterms, and @btschiller's wonderful Bitcoin Bad Boy play. New @reason Roundtable! reason.com/podcast/2026/10/2…
Miden's partner mainnet is now live!!
Privacy has become one of the biggest conversations in tech, especially in crypto. But something that doesn't get discussed nearly enough is just how difficult it is to actually build and launch something that works.
For years, this industry has struggled with poor UI, bad UX, and products that are simply too complicated for everyday users. Adding privacy to the equation makes that challenge even harder.
That's a big part of why I'm so excited about what we're building at Miden. We believe people shouldn't have to choose between privacy, self-custody, and a great user experience.
Today is a major step toward making that a reality.
We're intentionally limiting access during this initial phase and will gradually open things up over time. But if we've spoken about Miden or Bread Wallet before, please reach out for an access code.
I'd genuinely love to hear what you think. There's still plenty of work ahead of us, and getting real feedback from real users is what makes this next chapter so exciting.
Ben Schiller retweeted
The mainnet is up and running!
status.mainnet.miden.io
Ben Schiller retweeted
Miden partner mainnet is officially live! 🚀🚀
I got to creatively direct our launch video working alongside the incomparably talented @PerryBerry1325 who once again brought every frame to life by hand!
Huge thanks also to Sound Wizards (IG: sounds.wizards) for the incredible audio work,@btschiller for the narration, & the team: @danielokey & @julibachi
Ben Schiller retweeted
Huge congrats to mi amigo @btschiller on closing night of Bitcoin Bad Boy at the NYC Chain Theater!
From co-hosting events together at ETHDenver to supporting your latest adventure on stage. Very proud of you brother!
What a guy. Triathlon yesterday and he still made it.
@NarvaezChris_
Last show Sunday 2pm
Congrats to Ben Schiller on “Bitcoin Bad Boy”
A new Off-Off-Broadway play exploring the soul of crypto, running at the Chain Theatre in NYC for just a few more days.
Ben is the former managing editor of CoinDesk and interviewed me at a fireside chat at the Louvre during Proof of Talk last year.
His plan is to tokenise the play on Unit, raise the financing to take it to Broadway, and share the returns with the community.
The story follows Charlie Schwagg, an early cypherpunk coder fresh out of prison, who returns to find his anti-establishment movement overrun by corporate suits, speculative memecoins and government "Crypto Czars."
Loosely inspired by real crypto scandals (think Charlie Shrem meets SBF), it asks one question: can you stay a true believer when billions are on the line?
Crypto native or just here for the drama, this one's worth your evening. If you're in NYC, go support!
Last show Sunday 2pm
Really enjoyed Bitcoin Bad Boy, a new play by @btschiller, and sequel to his excellent Happenstance. Thoughtful commentary on contemporary crypto scene.
Catch it at NYC's @ChainTheatre this weekend. theatermania.com/shows/new-y…
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