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There will be a lot more to dig into here, such as Laurenson’s account of Leverage’s Reserve stablecoin project.

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https://protos.com/arkham-intelligence-reserve-and-the-leverage-research-cult/

I came across this a few days ago trying to research Reserve. I found this interesting because Reserve never got any bad press that I could recall, and this was all I could find when researching a few days ago. Which is actually impressive considering. No hacks, no scandals as far as I know. Just this slightly troubling association with Leverage Foundation.

I was intrigued with Reserve when it came out. Of course, ideas are easy to mint in crypto, while returns on those ideas are often sent to the burn address. My bar is low now. No pivot to something weird and/or trendy and completely unrelated. No governance manipulations either because it Works As Designed https://protos.com/single-address-votes-99-9-to-drain-bonk-treasury-of-21m/ or circumvented by founder bags [EDIT: hmm Substack is removing my space between these links, putting the word "or" between] https://protos.com/inside-defi-007-%f0%9f%92%ad-aave-labs-in-charge-aci-reaches-breaking-point/ or https://rekt.news/dao-maker-community-investigates or just completely ignored by admin keys holders https://rekt.news/emergency-powers . No stories of spear-phishing followed by losing the admin keys and proving it was all way more centralized than claimed. Just no news at all. Which, frankly, is better than most crypto projects that are not completely forgotten. I suspect the ones that are completely forgotten could have similar problems, just no one cares any more to find out.

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I cite this only to say that ā€œI have more insight, give me moneyā€ is a pitch that works on dumb guys. This story makes Jaan Tallin, like Peter Thiel, seem fundamentally dumb.

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But what if you are a Westerner in Melanasia during the late 19th century / early 20th century, you still want to exploit via colonialism, and you’ve just met a ā€œBig Manā€ā€“or even a wannabe Big Man https://en.wikipedia.org/wiki/Moka_exchange –who says he wants to run a cargo cult https://en.wikipedia.org/wiki/Cargo_cult in your honor? He claims you should enlist him because he knows his people. He has ā€œinsight.ā€ You smile because for a pittance, a bit of calico fabric, he can help you abuse and mistreat the ā€œnativesā€ even more. If it fails, who cares? Are you dumb? Or just extremely unethical?

Warning: That Cargo Cult Wikipedia is a /rabbit/ /hole/. Super fascinating. Ed Zitron claims what’s going on with AI is Cargo Culture https://www.wheresyoured.at/cargo-culture/ and I didn’t even know the term ā€œCargo Cultā€ until then which sent me down the hole. It’s a bit of a broad-brush, but it seems at least as appropriate to refer to the Leverage Foundation as Ed Zitron does the AI Boosters. (And he does it with quite a bit of disdain. Such disdain could be considered insensitive–indirectly–to Melanesians. I.e. it could be an insult to liken them to AI Boosters, more than the other way around. But it likely would not be as insensitive as some consider ā€œThe Gods Must Be Crazy.ā€ As some consider the movie to be apartheid-era, South-African propaganda. Like I said, rabbit hole.)

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For example, a group of rich technologists might choose to fund a worldview that absolves social and political systems entirely of responsibility for individual behavior, and instead places the locus of responsibility entirely on the individuals themselves. Such as, for instance, the way Peter Theil funded Anders’ further development of these shallow right-wing ideas, and the way Jaan Tallin paid Lydia Laurenson to mythologize them.

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I remember reading something that said Christianity could have been allowed to flourish in Roman times because its hierarchical (one might even say ā€œauthoritarianā€) nature fit better the establishment than, say, non-monotheistic religions. Probably didn’t hurt that words were attributed–whether they were really said or not–about rendering onto Caesar that which was Caesar’s. Of course, I don’t even know if that phrase was even in the texts at that time. Hmm, maybe. The ā€œextracanonicalā€ ā€œGospel of Thomasā€ mentioned here https://en.wikipedia.org/wiki/Render_unto_Caesar is pretty old. Anyway, rich and powerful people wanting to make sure the taxes keep flowing to them? Sounds pretty similar.

Still, the words attributed in general are good. I’d even go so far as to say they are just alright with me. Maybe more than alright. Whether it is Peter Thiel or a Roman emperor, the ones giving the endorsement do not alone determine for me if there is some value to be gleaned. But I do think it is generally interesting to note, especially when there are possibly multiple interpretations. Knowing who favors which interpretations of the source material, or how one supposedly should go about ā€œeliminating biasā€ in the case of ā€œRationalism,ā€ can be a good way to separate the chaff from the wheat.

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