Gavin Baker

know we all know compound interest is the greatest force on earth but if you just look at the rate at which photovoltaic cell efficiency is compounding battery efficiency is compounding and people make these balance of system arguments but it will it will never be as cheap as nuclear but it will likely approach coal and i think a lot of the world will run on solar but that's going to take 50 years

know we all know compound interest is the greatest force on earth but if you just look at the rate at which photovoltaic cell efficiency is compounding battery efficiency is compounding and people make these balance of system arguments but it will it will never be as cheap as nuclear but it will likely approach coal and i think a lot of the world will run on solar but that's going to take 50 years

Nuclear is arguably just as environmentally friendly done right and carefully. And it is here now. And so I just... Yeah, I mean, that's... Yeah.

Nuclear is arguably just as environmentally friendly done right and carefully. And it is here now. And so I just... Yeah, I mean, that's... Yeah.

The answer is both, but it is like Elon has tweeted many times about the tiny fraction of... of deserted desert areas of America that need to be covered with panels. And then you put in batteries.

The answer is both, but it is like Elon has tweeted many times about the tiny fraction of... of deserted desert areas of America that need to be covered with panels. And then you put in batteries.

By the way, on that point, Jake, how it is interesting. Texas is the number one solar producer in the country. And it's not because everybody there is more environmentally conscious.

By the way, on that point, Jake, how it is interesting. Texas is the number one solar producer in the country. And it's not because everybody there is more environmentally conscious.

It's just it's easy to build stuff in Texas. You can build solar power plants.

It's just it's easy to build stuff in Texas. You can build solar power plants.

I do think cryptocurrencies at some level fundamentally reduce the power of nation states. And that is something that is oft professed. by the true believers, but it is true. And so if you are on the left and you are a devout believer in the power of the state to do good things, I get why you would not like cryptocurrencies. At the same time, we're very early in crypto.

I do think cryptocurrencies at some level fundamentally reduce the power of nation states. And that is something that is oft professed. by the true believers, but it is true. And so if you are on the left and you are a devout believer in the power of the state to do good things, I get why you would not like cryptocurrencies. At the same time, we're very early in crypto.

I do think I read with interest all of the posts that David Marcus and his peers at Libra made about what happened to them.

I do think I read with interest all of the posts that David Marcus and his peers at Libra made about what happened to them.

And I think you can argue it would have been really, really good for not just America, but the entire world. You know, there are a lot of immigrants in America who send remissions back to their home countries at extremely high... Predatory rates, yes. Yeah, predatory rates. It would have made that free. And that would have been amazing for a lot of really hardworking people all over the world.

And I think you can argue it would have been really, really good for not just America, but the entire world. You know, there are a lot of immigrants in America who send remissions back to their home countries at extremely high... Predatory rates, yes. Yeah, predatory rates. It would have made that free. And that would have been amazing for a lot of really hardworking people all over the world.

It would have, you know, Visa and MasterCard, they do charge big fees. I mean, Visa and MasterCard do not charge big fees, but the credit card complex and aggregate. is a reasonably big fee. I mean, everybody, oh, it's just, you know, two, two and a half percent to make it perfect and safe. I think Facebook had a sound argument that they could have done that cheaper.

It would have, you know, Visa and MasterCard, they do charge big fees. I mean, Visa and MasterCard do not charge big fees, but the credit card complex and aggregate. is a reasonably big fee. I mean, everybody, oh, it's just, you know, two, two and a half percent to make it perfect and safe. I think Facebook had a sound argument that they could have done that cheaper.

That would have been an efficiency game for America. And it really did bum me out, you know, to read some of the letters that they sent the way they killed Libra. If anyone doesn't know, maybe we could you could pull up David Marcus's post

That would have been an efficiency game for America. And it really did bum me out, you know, to read some of the letters that they sent the way they killed Libra. If anyone doesn't know, maybe we could you could pull up David Marcus's post