Gray Tribe

Important thread.

The compromise is full liberty (Mill's harm principle) for what's allowed, but legal limits on what is convenient.

I think the real third rail is that nobody wants to talk about whether and how much corporations should be allowed to take advantage of very stupid people.

I have become less libertarian over time not because my   ethics have changed but because adversarial tech has gotten more efficient at extracting value from unsophisticated people.

Used to lose 5-10% of people like this, but now it's 50, 60% and the water is still rising.

Ben Podgursky

Important thread.

The compromise is full liberty (Mill's harm principle) for what's allowed, but legal limits on what is convenient.

https://x.com/bpodgursky/status/1902769150532989130

Daimo Pay. Build once, distribute everywhere

"Accredited investor" laws are a similar compromise.

It's a euphemistic term. If you have >$1m or make >$200k a year, you are automatically accredited. If not, you have to pass an accounting exam.

Is it perfect? No. But it's probably saved a whole lot of people from left curve exploitation.