Emad Mostaque
speaker
1,351 appearances
1 recordings
1 series
first heard Dec 2024
last heard Dec 2024
Emad Mostaque’s voice in public audio — every appearance, attributed to the second.
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This comes at a time of deregulation in the US and massive amount of additional assets, because almost all of them are rubbish and full of raccoons.
But you still have Bitcoin ETFs and even nations thinking about Bitcoin sovereign reserves.
But for me the sovereign reserve thing never made sense because that was always a balance of payments or commodities.
I don't have enough oil.
I don't have enough corn in my granaries.
I don't have enough intelligence.
So I was like, if I could build that as an institutional asset and again we'll finalize the details of that, we'll release it in the new year.
That could be something interesting whereby people could buy it, they could hold it, it's secured by increasing amounts of compute.
And then you can allocate it.
So you can take your coins and allocate them to cancer research or Alzheimer's or autism or Mexican education.
And then we give that universal basic AI or the research grants or others.
That plays on this transition period.
It plays on this structural demand growth for digital assets that are decent, of which there aren't really any.
And it's a finite amount of capital that's required.
Not cheap, so hundreds of millions or billions.
That means that everyone will never be alone again on their cancer journey.
Yeah, that means that every child will have an AI that allows them to achieve their potential.
And I was like, that's a good deal.
And so we should give this a go because I can't think of any other way to get people participating.
I couldn't think of another way to get this technology out there.
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