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Michael Terpin

đŸ‘€ Speaker
821 total appearances

Appearances Over Time

Podcast Appearances

Digital Social Hour
Michael Terpin: What Billionaires Aren’t Telling You About Bitcoin’s Next Cycle | DSH #1622

And I'm also very bullish in terms of the future of the two coming together, decentralized AI.

Digital Social Hour
Michael Terpin: What Billionaires Aren’t Telling You About Bitcoin’s Next Cycle | DSH #1622

Because AI agents are sort of a big area in the future, not just LLMs.

Digital Social Hour
Michael Terpin: What Billionaires Aren’t Telling You About Bitcoin’s Next Cycle | DSH #1622

And, you know, if you've got an agent going out and executing on your behalf, do you want it to be owned by Microsoft?

Digital Social Hour
Michael Terpin: What Billionaires Aren’t Telling You About Bitcoin’s Next Cycle | DSH #1622

Right.

Digital Social Hour
Michael Terpin: What Billionaires Aren’t Telling You About Bitcoin’s Next Cycle | DSH #1622

So, I mean, OpenAI is 40% owned by Microsoft, you know.

Digital Social Hour
Michael Terpin: What Billionaires Aren’t Telling You About Bitcoin’s Next Cycle | DSH #1622

Even the open source stuff that Lama is is developed by Meta.

Digital Social Hour
Michael Terpin: What Billionaires Aren’t Telling You About Bitcoin’s Next Cycle | DSH #1622

I mean, you know, Google, obviously there.

Digital Social Hour
Michael Terpin: What Billionaires Aren’t Telling You About Bitcoin’s Next Cycle | DSH #1622

I mean, the big the big LLMs are all either majority owned or at least significantly owned by, you know, Microsoft, Google, Facebook, Meta and, you know, Elon Musk.

Digital Social Hour
Michael Terpin: What Billionaires Aren’t Telling You About Bitcoin’s Next Cycle | DSH #1622

Yeah.

Digital Social Hour
Michael Terpin: What Billionaires Aren’t Telling You About Bitcoin’s Next Cycle | DSH #1622

And so these are, you know.

Digital Social Hour
Michael Terpin: What Billionaires Aren’t Telling You About Bitcoin’s Next Cycle | DSH #1622

very profitable centralized organizations that have a history of, uh, you know, doing things for the shareholders and not necessarily for, for the users.

Digital Social Hour
Michael Terpin: What Billionaires Aren’t Telling You About Bitcoin’s Next Cycle | DSH #1622

And, you know, and if you're, you know, one answer is to like over-regulate stuff.

Digital Social Hour
Michael Terpin: What Billionaires Aren’t Telling You About Bitcoin’s Next Cycle | DSH #1622

Another one is to decentralize it.

Digital Social Hour
Michael Terpin: What Billionaires Aren’t Telling You About Bitcoin’s Next Cycle | DSH #1622

And obviously what Bitcoin did with the centralization, what the internet did with decentralization.

Digital Social Hour
Michael Terpin: What Billionaires Aren’t Telling You About Bitcoin’s Next Cycle | DSH #1622

I mean, the internet, you know, really was sort of the original kind of decentralized, uh, you know, uh, organization.

Digital Social Hour
Michael Terpin: What Billionaires Aren’t Telling You About Bitcoin’s Next Cycle | DSH #1622

And, uh, you know, in the early days, um,

Digital Social Hour
Michael Terpin: What Billionaires Aren’t Telling You About Bitcoin’s Next Cycle | DSH #1622

the Electronic Frontier Foundation, I still have a T-shirt somewhere from the early days that said, the internet treats censorship as damage and routes around it.

Digital Social Hour
Michael Terpin: What Billionaires Aren’t Telling You About Bitcoin’s Next Cycle | DSH #1622

And so the whole idea was that when the defense industry, it was a DARPA project originally in the 60s,

Digital Social Hour
Michael Terpin: What Billionaires Aren’t Telling You About Bitcoin’s Next Cycle | DSH #1622

So that during a nuclear war, if you had a thousand nodes that needed to somehow connect with each other for national security and 900 were damaged because of warfare, nuclear or otherwise, you could still, because there was no central hub that most client server architectures and mainframe architectures rely upon, as long as you had like three or four nodes anywhere in the country, they could find each other.

Digital Social Hour
Michael Terpin: What Billionaires Aren’t Telling You About Bitcoin’s Next Cycle | DSH #1622

Wow.