2024-07-18
THE BREAK DOWN #461
- Hoskinson's THE BREAK DOWN interview days after the Trump assassination attempt, dissecting the Secret Service failures, suspicious short-selling, and whether it was incompetence or an inside job.
- He handicaps the race as Biden stepping down, floats a Trump-Kennedy dream ticket, and analyzes JD Vance and the VP shortlist.
- He critiques Vitalik's political essay as smart-person rationalization over Ukraine, and lays out a Vietnam-style case that the war has no stated mission.
- He explains why he is a single-issue crypto voter, framing crypto as the technology of liberation against a globalist deep state that declared war on the industry.
- He closes on decentralizing AI with a blockchain-governed constitution, military-procurement reform, and Cardano's on-chain government as a model, urging people to reclaim their agency.
47 entries
On THE BREAK DOWN days after the Trump assassination attempt, he is stunned a 20-year-old had ten minutes on a rooftop with a rangefinder and ladder, joking he is adding sloped roofs to keep government agents off.
The best case is the Secret Service royally screwed up and the worst is an inside job, noting the counter-sniper team seemingly awaited approval to shoot, meaning policy lets someone kill the president first.
Predicts Biden will step down after Schumer, Pelosi, and Jeffries told him he cannot win, so Harris may become president to salvage the House from a supermajority.
The smartest Democrat move would be to run Robert Kennedy Jr, and reveals Trump's long leaked call to Kennedy sparked rumors of a Trump-Kennedy dream ticket he would have loved.
Trump picking JD Vance is an insurance policy creating a super-Trump, and gives Trump a better than 50 percent chance while a Harris-Newsom ticket would be horrible.
Biden handed fiscal and treasury policy to Elizabeth Warren in 2020 for her endorsement, so Harris is freer and might be more pro-crypto.
He became partisan only because Biden declared war on crypto, arresting Roger Ver and CZ, suing every exchange, and vetoing the SAB 121 repeal his own party passed.
Contrasts Trump speaking at the Bitcoin conference, suggesting a strategic Bitcoin reserve and a Ross Ulbricht commutation, and picking Mithril Capital's JD Vance, against a Biden dragging Democrats into an anti-crypto position that wins no votes.
His whole view is to get politics out of crypto, a global phenomenon asking only to be left alone to build meme coins, NFTs, DeFi, and wallets without cumbersome bank regulations.
Unlike Vitalik he does not want to write a mental construct hoping for good regulation, but to make governments irrelevant, and that team blue wants to hand the whole industry to BlackRock and Goldman Sachs.
The hatred is so strong people cannot conceive Trump showing bravery, so they call the shooting staged, and likens it to a generation's Kennedy assassination with a Mandela-effect quantum reality where Nikki Haley is nominee.
Details suspicious short-selling where Austin Private Wealth, linked to Soros, BlackRock, and the Bush family, shorted Trump's stock and Rumble right before the attempt, blaming fat fingers.
Critiques Vitalik's political essay as a brilliant person fitting reality to a belief, like Ed Witten's Fields-Medal physics, driven by sympathy for Ukraine and fear Trump will defund it into a bad settlement.
Compares Ukraine to Vietnam, where a 1968 peace deal was passed up until 1973 after Kissinger interfered, costing a million lives, and says General Mattis fears a Russian domino to NATO while General Petraeus calls it Blade Runner meets All Quiet on the Western Front.
He is friends with Roger Ver and CZ, smoked cigars with them, and met Ross Ulbricht's tearful mother, contrasting Biden keeping Ross in prison for life while SBF gets out with Trump's promised commutation.
His own Kharkiv office was destroyed and he wants the war to stop, but sees no military solution short of a Putin decapitation strike, since Russia will go nuclear over Ukraine joining NATO, an irreconcilable difference.
Asks what the mission even is after 31 NATO countries and 200 billion dollars, money that could have funded free medical school forever, listing failed interventions in Afghanistan, Iraq, Libya, Syria, and Egypt.
Russia uses expendable mercenaries and stockpiled Soviet equipment while the US fields expensive HIMARS, making America the donkey unless it escalates to no-fly zones, and blames a leaderless country run by bureaucratic tribes under a dementia-stricken Biden.
Cites Biden calling the defense secretary the black guy instead of Lloyd Austin, and notes even Democrats like Van Jones are turning on him.
Analyzes the VP choice, saying JD Vance is a Rust Belt communicator with hillbilly elegy, Yale law, Marine service, and Peter Thiel ties chosen to campaign Pennsylvania, Wisconsin, Michigan, and Ohio, and it was Don Jr's call.
Compares the runner-up Doug Burgum, a Stanford MBA who sold his company to Microsoft, as a custodial VP, and says DeSantis, made in a lab to be president, spoiled his shot by challenging the king instead of waiting.
Trump's defiant fist-pump comes from being a tough New York real estate developer during the mafia era, a fighter charged with 93 crimes who got the Supreme Court to grant presidential immunity.
Reaffirms he still endorses RFK despite discussing politics broadly, and analyzes Elon Musk pledging 45 million a month as transactional payback after the DOJ investigated SpaceX and the White House snubbed Tesla.
Says billionaires hold grudges with unlimited resources, citing Bill Ackman and Carl Icahn's Herbalife feud, and warns Democrats that alienating Musk means he will fund Trump, who would reward him and punish Meta, Google, and Microsoft.
Weaponizing X against your own party backfired, since when Trump was shot the mainstream media said a man fell while X named the shooter in three hours, and lists transactional headlines from the New York Times, Forbes, and the Denver Post.
He stays out of politics because he could win office but would rather change the world through crypto, delivering sound money, secure voting, and self-owned identity, the foundations handed to multinational corporations.
At 36 he has a full life with AI, synthetic biology, an 8,500-patient clinic doing a stem-cell FDA trial to reverse aging, crypto, and bison ranching, and running for office means half of America hates you and may shoot you.
He is a single-issue crypto voter because someone attacked the industry with the Coinbase, Kraken, and Binance lawsuits, Custodia's denied master account, and Operation Chokepoint 2.0.
Calls crypto the technology of liberation for honest money, media, and voting, freeing your data from Google, Facebook, and Microsoft so you need not rely on the most important election of a lifetime that people hear about every four years.
Something changed 15 years ago so telling people your vote costs you family and friends, and that innovators are fleeing to Lithuania, Latvia, Estonia, and Portugal because the US choked crypto out.
Orange-man-Hitler propaganda excuses violence while ignoring that Trump killed no one, and that the deep state, a post-war globalist order that is neither left nor right, fears an unpredictable outsider who might declassify Epstein or JFK files.
Argues the deep state runs things regardless of a dementia-stricken figurehead, which is why he treats politics like a rigged football game and crypto as the incorruptible escape hatch.
Details the assassination oddities, Jill Biden pulling the tier-one Secret Service to Pittsburgh, the roof left uncovered, and RFK denied protection until recently despite two attempts, saved by Gavin de Becker.
Asks why sound money, verifiable votes, self-owned identity, near-free remittances, and escaping bank fees and Google's grip are bad things, invoking the absurdities of COVID masking and an Alex Jones virus prediction that came true.
Since the 2007 Ron Paul movement his fundamental problem has been sound money, and crypto is at an inflection point where it goes to the bankers and dies or to the people and everything else self-resolves.
He will speak at AI4 with Transformer-inventor Geoffrey Hinton about decentralizing AI, warning generative AI could become a biased oracle of truth that indoctrinates malleable children.
Proposes governing AI alignment with a blockchain and an AI constitution like Anthropic's paper, so no small group controls truth, warning against a European AI doctrine giving regulators god-mode as with Gemini's black Nazis.
He owns four Blackhawk helicopters and wants to reform corrupt, nepotistic military procurement like Anduril, since the trillion-dollar F-35 program is a failure now asking for sixth-generation fighters.
He assumes he will be deplatformed or imprisoned within 12 to 24 months for touching the money, political, and social systems, but chooses bravery over fear like a fireman or an ICU nurse.
Defends America as the nation that invented modern democracy and free speech and rejects the media narrative of decline, praising Top Gun Maverick and arguing today's atrocities are committed by China and others, not America.
Recalls starting Cardano in 2015 with only Jeremy, now millions, having just held interim constitutional committee training, and calls its on-chain government the most sophisticated ever, a model for a US constitutional convention.
Fixing systems is unglamorous triage like an ER, and that America is special because immigrants show up and do their job, like his Gillette crew fixing pipes in 40-below cold.
Agency is a choice and crypto is how you take back your money, voice, and identity, dismissing the idea that an 81-year-old with dementia or a 77-year-old will fix a system rigged against you.
Insists it was never number-go-up for him since he was in Bitcoin before a dollar, but about honoring the Constitution's promise of a fair seat at the table for everyone.
Warns of a coming loss of cognitive liberty, citing Nita Farahani's Battle for Your Brain, gene therapy, food-supply control, and blue-collar robots, since the powerful see people as expendable, as shown by discarding Biden.
Both parties chase only power, citing Nancy Pelosi turning on Biden and Nikki Haley reversing to kiss Trump's ring, so people should not entrust their lives to power-seekers when crypto makes them their own bank.
Closes optimistic that Cardano and the industry are making real progress, which is why the rhetoric is fear-based, and previews an 11-country tour to RareEvo, the Foundation Summit, and beyond.