From: The Cryptonite Weekly Rap <cryptoniteventures@substack.com>
Date: Sun, Jul 28, 2024, 10:01 PM
Subject: Elon looks into the abyss and comes up with X.ai, the Dems try 'Saving Democracy,' entrepreneurs as artists, and g…
To: <g@xny.io>
‘We want Democracy!’Well, our year-end prediction that Great Grandpa Joe 'does not make it to the finish line' came true. Two Rap's back, we also speculated right before the Big Debate 'that the powers-at-be can see the electroencephalogram chart on the wall and will be waiting in the shadows, chronicling mental fumbles and freezes to help shove the Big Guy off the ticket.' The President was indeed unceremoniously sacked in what some are calling a 'coup,' but we see more as a mad scramble after the bad decision of running Biden for a second term.
A steep grade to win still sits in front of the Democrats. 97% of California voters did not support Ms.Kamala's first run for President, even though that is her home state, and the rest of the country will soon see why. They also face the challenge of reconciling their campaign messaging of 'Saving Democracy' while offering up a non-democratically chosen candidate as their Party's Presidential nominee. Mr. Biden was certainly strong-armed and replaced with Ms. Kamala by a politically powerful few with a lot of pressure from a Donor Class threatening to cut off funds if things didn't go their way. This cloudy process feels more like a smoke-filled backroom meeting of the CCP's Politburo Standing Committee, where the Gang of 7 picks the next boss. In their last meet-up, they essentially anointed Xi for life. 😳
We suppose most Democrats feel it's a big relief to get Great Granpa Joe off the stage after finally seeing/acknowledging that he was lacking mental agility and clearly can no longer function, never mind beating the Bogeyman. Unfortunately, Ms. Kamala got more bad news in a new YouGov/Times of London poll showing that a whopping 92 percent of respondents say that she was, in part, behind the coverup to hide Biden's failing health, further exposing the hypocrisy and incompetence of it all.  However, they keep trying to spin it; the irony bells are ringing so loud that this drama must become a South Park episode. Just as Meeghan and Prince Harold flew the world in a private jet chanting, 'We want our privacy!' (see South Park clip above), we can imagine posh scenes of gatherings, from Malibu to Martha's Vinyard, where members of the Donor Class hoist their glasses full of the finest varietals to cheer their horses in the race—Barack, Nancy, Chuck, Hakeem, and Ms. Kamala— while all are chanting 'We want Democracy! We want Democracy!'
The next scene shows Pelosi and Schumer playing good cop—bad cop, browbeating the Commander in Chief to give over the White House keys. Their leverage is Ms.Kamala has given them the permission to invoke the 25th Amendment to get their way. Then, over to a shot at a beach club in Bali—on the other side of the planet—where Michelle Obama and her besties are cocktailing while she keeps sending Barack's calls to voicemail. 'Mich—You gotta do it! Don't worry, I promise to run the country—Please call me back!' (Most polls show that Michelle has the best chance to beat Trump and is reportedly most feared by the Trump campaign). Dr. Jill would, of course, be ever-present, leading Joe around the Oval Office talking to her husband like a three-year-old. ‘Ok, Joey, go take a tinkle. Israel’s Prime Minister is here to see you, so we have to hurry up now.’ After watching a presidency meltdown in front of us—a candidate nearly assassinated with an honest spectator killed in the line of fire, the shadowy sacking and swapping-out of the Democratic Presidential candidate in a Politburo Standing Committee-style move—all within just 26 days—we are in desperate need of some good old South Park comic relief. Please, please. 🙏🏼 Wall Street and the Trump go cryptoThe Ethereum ETFs offered by BlackRock, Ark Invest/21Shares, VanEck, Grayscale, Fidelity, Bitwise, Franklin Templeton, iShares, and Invesco began trading on July 23, 2024, and brought in $1 billion on the first day. While the trading volume cooled to under $900 million by the third day, ETFs are projected to drive demand for Ethereum, absorb 1% of the Ether in circulation, and haul in $4 billion in new funds by the end of the year. This event was pivotal because it gives institutional investors easier access to Ether and further validates its role in the decentralized crypto economy. Ironically, these moves, plus AI, blockchain, and crypto innovation, will also accelerate the downsizing of Wall Street and create an exodus of a legion of disintermediated pinstriped middlemen.
Donald Trump gave a Bitcoin 2024 keynote speech in Nashville that was a shocking and even semi-sophisticated reversal from his 'Bitcoin is a scam!' attitude during the last election cycle.
Trumps new Bitcoin stockpile would have a great start. The US has seized an estimated 210,000 bitcoins since 2020, worth $15 billion today, making it one of the world's biggest holders. Trump was also pleased to remind the audience that he is the first presidential candidate to take cryptocurrency donations. Since the Trump campaign opened its crypto wallet in May, it has raised over $4 million in crypto contributions, and acceptsa variety of cryptocurrencies, including Bitcoin, Ether, Dogecoin, Shiba Inu coin, XRP, and USDC. BTC CEO David Bailey, who produced Bitcoin 2024, pledged in June to raise $100 million and turn out over 5 million voters for Trump's re-election, just one more indicator of the crypto industry's shift to Trump. Keep on keepin’ onWe remain highly long-term bullish on BTC, ETH, other quality coins, the many great ones to come, and the tokenization of all tradable assets. This transformation will not only create $200 trillion in new wealth but also dramatically downsize inefficient institutions, return power back to the people, and create a more private and safe world. —Anthony Perkins, founder & editor Cryptonite Cryptonite Weekly Rap’s paid members gain access to company and investor lists and analytics and enjoy invitations to private events and global summits. 💪🏼😎 Pay for annual subscription with Crypto! Jordan Peterson’s conversation with Elon Musk part 1Famous Canadian psychologist, author, and educator Jordon Peterson caught up with Elon Musk last week at the Tesla Gigafactory in Austin, Texas, for a deeply insightful chat made slightly chaotic by JP’s hyperactive behavior. (JP is great, but he is better off being interviewed rather than being the interviewer—sometimes can’t STFU🤬) We have published excerpts of our favorite interchanges, and a smattering of commentary below. Enjoy!
The AI arms raceJP: I use Grok and ChatGPT a lot as research assistants. ChatGPT lies a lot, so you have to watch out for them, as they can deviate quite a bit. Why did you call your AI app Grok, and how does it perform compared to (Google's) Gemini and ChatGPT? Elon: To Grok something is to understand it at a very deep level. X.ai's stated goal is to understand the nature of the Universe and, even more, to understand what questions to ask about it. So I think that is a good goal. I do want to emphasize that X.ai is a relatively new company—it has only been around for a year—so we have a lot of catching up to do. But we are moving fast—our velocity of improvement is higher than any company out there. We were able to bring online a massive new training center in Memphis in only 19 days—from getting hardware installed to beginning training—that's the fastest set-up ever by any AI company by far. However, the foundation model of Grok is still an order of magnitude weaker than GPT. Our newest Grok release is sort of our 1.5 version. Grok 2 just finished training with 15,000 H100 GPUs (AI chips), and we are hoping to release it in a month, which will put Grok on par with a GPT 4. The training we are doing in Memphis is for Grok 3 and should be done in about three or four months. After bug fixing and fine-tuning, we are hoping for a December launch, at which point Grok 3 should be the most powerful AI in the world. Editor's Take: The speed of X.ai's time to market shows how AI can and will exponentially increase the production and transaction velocity of all companies in the future. As we move into the second half of the year, AI commercialization is starting to scale. Every category: developer tools and infrastructure, search, the collaboration and productivity suite, games and entertainment, the creative suite, and biology—to name just a few—will be transformed over the next decade by AI innovation. It will do the same for the individual who stays current with the AI tools impacting the industries they are passionate about. The three-work week is on the horizon for those who master the AI tools of their trade.
Staring into the abyssJP: So what the hell do you think you're building with these AI systems? (waving arms) Elon: All AI companies are building digital superintelligence that is far smarter than any human—and ultimately, superintelligence that is far smarter than all humans combined. Now, one can ask, 'Is this a wise thing to do? Is this dangerous?' Unfortunately, whether we think so or not, it is still being done. So, from my standpoint and that of the X.ai team, it's better we are participants rather than spectators. JP: That's life, man... Elon: Yes. As participants, we have a better chance of steering AI in a beneficial direction for humanity. JP: Why do you trust yourself on the front? Elon: Well, I don't trust myself entirely. JP: Good! Fair enough. But you are still confronting an ethical conundrum. Elon: Maybe we have a chance of doing it better than others from a moral standpoint and trying to avoid their pitfalls. From what I've seen, the others are not striving for truth. I mean, these systems are trained to give an answer, but they are also trained to be politically correct—the woke mind virus is woven throughout. I'm sure you have recognized that. JP: I sure have. Elon: Perhaps I should go back to the foundation of my philosophy because that will help explain my actions. When I was about 11 or 12 years old, I had somewhat of an existential crisis—there just didn't seem to be any meaning in the world or to life. I was a voracious reader as a kid, so I actually tried to read all the religious texts—the Bible, the Koran, the Torah, Hindu scriptures. At 12, I didn't understand these things super well. JP: Well, you understood enough to have an existential crisis at 12, and that's a start. Elon: Then I dug into the philosophy books and read quite a bit of Schopenhauer and Nietzsche—which was quite depressing to read as a kid—not so much so as an adult. And nothing really gave me the answers that resonated with me. Then I read Douglas Adams's The Hitchhiker's Guide to the Galaxy, which is really philosophy disguised as humor. The point Adams was trying to make is that we do not know all the answers obviously—in fact, we don't even know the right questions to ask. So the book is about this giant computer that was built to answer the question, 'What is the meaning of life? And it comes up with the answer 42. (laughs) So what does that mean? It was then that I understood it would take a computer far more powerful than us just to know the right questions to ask. So, that was my fundamental turning point.
JP: Ok, so it seems to me that you are intimating that your discovery through Adams that 'the question is the thing' was the key to the resolution of your existential crisis, and that's part of the reason you are motivated to build Grok 3 and look deeper. Elon: That's correct. So we can understand the Universe. JP: How old were you by then, and what did that discovery make you do? Elon: Maybe I was 15, and I was a lot happier after that because I decided to accept that we are ignorant about a great many things, and anything we can do to deepen our understanding of the Universe, learn the right questions to ask about the Universe, and become less ignorant is good. And I think that was Adam's central point. JP: And that was good enough to soothe your craving? Elon: It was for me, at least. Is this a 'religion'? I don't know, maybe it is. But I think it's a good one. I call it the Religion of Curiosity. It's the religion of enlightenment. And what falls out of that is the expansion of consciousness in scale and scope. So, not only is there more consciousness but also varied consciousness, so people don’t all end up thinking the same. I think it is probably good to have multiple religions that provide different perspectives on things. From there, we need to take a set of actions that increase the probability that the future will be good for humanity.
JP: Did you see where Sam Harris (best known as one of the ‘Four Horsemen of New Atheism’, alongside Richard Dawkins, Christopher Hitchens, and Daniel Dennett) now describes himself as a cultural Christian? Elon: Yes. I do believe Jesus' teachings are good and wise, and there is tremendous wisdom in turning the other cheek. For a while, I thought it was a weak thing to do. But the notion of forgiveness is important and essential. If you do not forgive—as someone said— ‘An eye for an eye makes everyone blind’—you have this endless cycle of vengeance. So, I am actually a big believer in the principles of Christianity—I think they are very good. So, I am probably a cultural Christian. I was baptized and brought an Anglican, and simultaneously went to a Jewish nursery school (laughs). I am in favor of the principles that will result in the greatest happiness and contentment for humanity, not just for today but also for future humans. Editor's Take: We defer to Nietzsch’s words above for our take on this section. Watch out for those eyeballs looking back at you from the abyss, and take heart that Elon has proven one can go to hell and back and still go on to do great things.
Confronting the BeastJP: So you were involved with the project now called OpenAI, which Sam Altman runs? Elon: Yes, the company was my idea. I was one of the primary founders and named it. The reason OpenAI exists at all is because I used to be really close friends with (Google cofounder) Larry Page. I used to stay at his house in Palo Alto all the time because I was splitting my time between living in LA running Space X and Silicon Valley running Tesla, and I didn’t own a home in the Bay Area for over a decade. We would have these long conversations into the middle of the night about AI safety, and I became increasingly concerned that Larry was not sufficiently worried about AI safety. If you have some radical new technology, you want to set standards that maximize the probability it will do good and minimize the likelihood it will do bad things. You can't just barrel forward and hope for the best. And at one point, he called me a speciesist. (eyes raise). There were witnesses there. JP: Yes! You are one! Elon: Yes. I am correctly labeled because I favor humans relative to digital intelligence. Larry just seemed more focused on achieving digital superintelligence—essentially a Digital God as soon as possible. Larry's view (chuckling), if I am not misspeaking, is that we will all ultimately upload our minds to the computer, and everyone will be robots, and there will be no need for humans. And I said that we needed to ensure that humanity thrives and grows—that’s when he called me a speciesist. I told him I guess I am pro-human, and asked 'What are you?' (chuckles)
JP: Right. That's the question! He's describing the death of humanity. It's like |
