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Michael Villar

@michaelvillar.bsky.social

6 Posts260 Follower 236 Folgt

Michael Villar @michaelvillar.bsky.social · 11mo ago

Who’s still here?

Vitalik Buterin @vitalik.ca · 2y ago

On the risks of politician coins:

The risk of politician coins comes from the fact that they are such a perfect bribery vehicle. If a politician issues a coin, you do not even need to send *them* any coins to give them money. Instead, you just buy and hold the coin, and this increases the value of their holdings passively.

Furthermore, there is deniability: holding the coin is, in terms of financial effect, a linear combination of donating to the issuer and gambling. Hence you can have the intention of doing the former but when challenged claim that you are doing the latter.

You can even hold the coin privately, and show that you are holding it to whoever you need to show; you do not need any zero knowledge proofs, you just send a test transaction.

This is all risky to democracy, for reasons very similar to what I wrote in https://vitalik.eth.limo/general/2021/08/16/voting3.html , https://vitalik.eth.limo/general/2020/09/11/coordination.html and elsewhere. TLDR: the economic arguments for why markets are so great for "regular" goods and services do not extend to "markets for political influence".

I recommend politicians do not go down this path.

Michael Villar @michaelvillar.bsky.social · 2y ago

OpenAI and Google are soon-to-be true competitors. www.ft.com/content/9350...

OpenAI explores advertising as it steps up revenue drive

ChatGPT maker hires advertising talent from big tech rivals

ft.com

Michael Villar @michaelvillar.bsky.social · 2y ago

Height is thinking…

Michael Villar @michaelvillar.bsky.social · 2y ago

Hi everyone! I’m Michael and building Height.app. I mostly post product demos and animations. 👋

Michael Villar @michaelvillar.bsky.social · 2y ago

@joshwcomeau.com 👋