
Not-so-Secret Change Agent Man! Mind the GAP (Governance / Analytics / Policy) of Internet Connected Technologies. Please learn the Internet stack #blockchains
Washington DC
Joined July 2008
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IAD > SFO > SIN > DPS > HKT > SIN > SFO > IAD has begun after a year away from flying. Way to ease my way back into it.
Berry Cobb | (๐บ๐๐บ) retweeted
One cold, rainy morning in London, Richard Branson was late for an interview. I was working for Bloomberg. This was around 1999 or 2000, and we had set up beside the Thames, across from Parliament, to interview him live.
The crew was ready. The cameras were ready. Branson wasnโt there. We were getting close to airtime when my cell phone rang. It was one of those Nokia brick phones everyone carried then.
I answered.
โDylan, where are you?โ
It was Richard Branson.
Not his assistant. Not his publicist. Not somebody from Virgin.
Richard.
It turned out he was standing on the wrong side of the river. I told him where we were.
โOkay.โ
A few minutes later, I looked across the bridge and saw Richard Branson running toward us through the rain.
Alone.
No assistant. No security. No entourage. No car waiting to carry him the few hundred yards to where we were standing.
Just a British guy in the rain who was late for an appointment.
He ran across the bridge. We did the interview.
And for some reason I have remembered it for more than twenty-five years.
As I think about Branson running across that bridge now, Iโm increasingly interested in something else.
He seemed free.
There was something wonderfully inefficient about the whole thing.
Branson was late. He was on the wrong side of the river. He called me himself. Then he ran.
None of this was optimized.
A sufficiently well-organized billionaire could have had somebody else figure out where the television crew was. A driver could have been waiting. An assistant could have called an assistant. An entire infrastructure could have existed to prevent Richard Branson from ever having to run anywhere in the rain.
Instead, he behaved like a person.
That distinction seems more important to me today than it did then.
We are entering an extraordinary period in which artificial intelligence is becoming increasingly capable of doing things we once believed were exclusively human.
Machines can write. They can speak. They can draw. They can reason. They can remember more than we can, calculate faster than we can and increasingly imitate the patterns of human conversation.
At the same time, much of our economic life has been moving human beings in the opposite direction.
We measure productivity. We optimize schedules. We automate interactions. We turn people into data points, customers into acquisition costs, workers into units of productivity and human attention into something that can be bought and sold by the second.
And now we are worried that machines are becoming too much like people.
Maybe weโre looking at only half the problem.
Machines can be like people only if people act like machines.
The Wrong Competition
If artificial intelligence can calculate faster than I can, there isnโt much point in my trying to calculate faster.
If it can search a million documents in the time it takes me to read a paragraph, Iโm going to lose that contest too.
The same will increasingly be true of many forms of routine intellectual work.
So perhaps the answer isnโt to make ourselves more efficient versions of machines.
Maybe itโs to become more unmistakably human.
Curiosity. Humor. Judgment. Affection. Adventure. The willingness to change your mind. The ability to do something for no particularly rational reason other than that it might be fun.
Calling somebody yourself. Showing up wet. Being late. Running across a bridge.
These things can look like inefficiencies in a system designed to optimize everything.
But economics isnโt the entire question.
There is also the question of what kind of people we become.
I just thought it was funny that one of the most famous businessmen in the world had called my Nokia because he couldnโt find us and then came running across a bridge through the rain.
Today I think I understand a little better why I remembered it.
Richard Branson looked deeply human.
And in the world weโre entering, that may become more valuable, not less.@richardbranson @Virgin
Berry Cobb | (๐บ๐๐บ) retweeted
โก๏ธThe debt has already won.
No future Congress is going to reverse the trajectory through discipline.
No electorate will vote for the scale of sacrifice required.
No administration will voluntarily trigger the recession, asset collapse, entitlement cuts, tax shock, and political revolt needed to restore a genuinely hard fiscal path.
The system will preserve continuity.
That means the currency will absorb the damage.
The national debt is a claim on future production. When claims grow faster than the productive base, the gap has to close somewhere. It closes through inflation, repression, taxation, reduced public capacity, lower real returns, slower private investment, and periodic monetary rescue.
The number itself is almost secondary now.
The real signal is that the United States has crossed from using debt as a tool into depending on debt as a condition of social order.
Government spending holds together retirement systems, healthcare, defense, state budgets, research, infrastructure, household transfers, corporate revenues, and entire regional economies. Remove the borrowing and large sections of the country discover that what looked like private prosperity was partially public leverage.
That is why the machine cannot stop.
The debt is embedded inside income.
Income is embedded inside asset prices.
Asset prices are embedded inside pensions, collateral, banks, housing, consumption, and political legitimacy.
Any serious attempt to shrink the debt burden violently would detonate the structure built around it.
So policy will choose erosion over rupture.
The state will keep paying every nominal promise.
The unit in which those promises are paid will weaken over time.
That is the real default.
No courtroom declaration.
No missed Treasury payment.
No cinematic collapse.
A long transfer from savers, wage earners, and fixed-income holders toward debtors, asset owners, and institutions closest to money creation.
The public will be told that inflation is temporary, manageable, external, or necessary.
The deeper reality is that inflation becomes part of the solvency mechanism.
The Federal Reserve will resist this until resistance threatens the system. Then the definition of responsibility will change. Stability will come to mean keeping markets functioning. Market functioning will require liquidity. Liquidity will protect Treasury financing. Treasury financing will protect the political order.
That loop is already visible.
The most important consequence is moral.
Once debt becomes structurally permanent, honest pricing disappears.
Capital no longer flows only toward the most productive use. It flows toward whatever benefits from policy support, liquidity, guarantees, regulation, and proximity to the sovereign balance sheet.
The economy becomes less capitalist in the classical sense and more managerial.
Returns become increasingly political.
Risk becomes increasingly socialized.
Losses become negotiable for institutions and terminal for individuals.
That corrodes legitimacy because people can feel the asymmetry even when they cannot name the mechanism.
Rest in Peace Sam Neill. It truly is the "Until the End of the World" <<< you won't hear about this one unless you look it up. imdb.com/title/tt0101458/
Berry Cobb | (๐บ๐๐บ) retweeted
from the GOAT Torsten Slock @apolloglobal
AI stocks are now 47%, or nearly half, of SPY
~100 tech firms and a handful of energy tickers generated $6.2 trillion in value this year
the other ~400 companies erased a trillion dollars in market cap
*everything is computer*
Berry Cobb | (๐บ๐๐บ) retweeted
Illuminati DAO is winding down and returning ETH to contributors.
Starting today, 5/21, through next Friday, 5/29 at 3pm ET, anyone can make bids on assets in the DAO hot wallet.
There are a handful of Goblins, Illuminatis, Grumpls, Big Inc, The 187 and even the 1:1 Faiwee from the original collection.
opensea.io/ILLUMNFTDAO
See message below for all of the details.
I was so busy today, I only caught that Chuck passed on the MSM. None of which highlighted his best ever fight scene! RiP Chuck. Being missed is scared of you too, sir.
youtube.com/watch?v=DMHHlatmโฆ
Berry Cobb | (๐บ๐๐บ) retweeted
Scott Adams has passed away at age 68. Scott acted very bravely in his final moments. A lifelong teacher, in the end he taught people how to face death with courage and grace. He went out on his own terms, with equanimity, and continued to inspire throughout his whole life. ๐๏ธ
Berry Cobb | (๐บ๐๐บ) retweeted
1/17: ๐งต Giga thread incoming. Iโm going to explain a bit about Ordinals, and Iโll be highlighting a special movement @OrdinalMaxiBiz as I believe what theyโre doing is unlike anything else out there right now. ๐
Elephants Can Dance. I never knew him personally, but his ability to drive change through such a large organization is impeccable. I learned and still use what I learned from those days.
Lou Gerstner, a former IBM CEO and chairman credited with turning the company around, died at 83; IBM's market value rose from $29B to ~$168B during his tenure (@lawchief / Bloomberg)
bloomberg.com/news/articles/โฆ
techmeme.com/251228/p9#a2512โฆ
๐ฅ Send tips! techmeme.com/contact
Berry Cobb | (๐บ๐๐บ) retweeted
Vendor lock-in often begins with technical standards that bind you to a single supply chain
China wants to dominate the technical standards that shape our digital future, filling a void that the U.S. has created as it has gradually withdrawn from this arena over the past decade, write @ShaneTews and @LEHogg
on.wsj.com/46UzxwX





























