TagSBF

• Elon Musk and Sam Bankman-Fried’s recent actions show how narratives can lead people astray.
• Musk’s attempt to take Twitter private was rooted in his personal grievances, and his letter to advertisers was mostly wrong.
• Bankman-Fried’s political activism was seen as a way to hide his fraud, and his ambition to change the world was a distraction from his business.
• Changpeng Zhao of Binance is an example of an entrepreneur who focused on his business, rather than on political activism.
• The article discusses the importance of product-based narratives over theory-based narratives when it comes to understanding the implications of new technologies such as crypto and AI.
• It argues that the narrative of crypto being a decentralizing force has been challenged by its product manifestation, which tends towards centralization.
• Similarly, the narrative of AI being a centralizing force has been challenged by the emergence of decentralized and open source AI projects.
• The article concludes that the best way of knowing is starting by consciously not-knowing, and that narratives that are right follow from products.

Click HERE for original. Published November 14, 2022