CSW - Slack Channel

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A little something that will come out because of all of these trials that I didn’t particularly want to discuss because it’s personal involves some of what happened in 2016. When I made the deals that I made, I thought that the people investing wanted to grow nChain and make it into something independently. I discovered that this was not the case. The truth behind what was happening is that people wanted to do a deal valued at around US$1 billion as an investment that would have made and chained part of a Silicon Valley group.

Part of what I’m doing is a threat. If they had locked me in and completed that deal, my concept of making a micro payment system would have been stillborn.

Although US$1 billion is a lot of money and would have made many things in life a lot easier, and by that, I mean cash, not assets and valuation, sometimes the cost is too high.

Silicon Valley has become an isolated conclave of advertising capture. They call big data and machine learning an intelligence system that will solve problems; the reality is exactly the opposite. Nothing that is being developed at the moment in the realm of AI (actual ignorance) is not about solving the issues people believe in; it is anything but close to being a general intelligence. Rather, the true reality is that they are creating systems that make more effective advertising constructs.

To have taken the offering 2016 would have made me cash-flush and solved many problems in itself. Only at the cost of my soul, so to speak. Only in giving up everything they care about and supporting the very thing that I think is one of the worst aspects of Silicon Valley right now. In effect, it would have been taking the money to give up everything I care about and work for.

Ironically, I would have been more aligned with people like Greg had chosen to take money from Silicon Valley.

I created the system, and then I didn’t ensure that it continued the way that I wanted to. I have many other things I would like to do but cannot due to the obligations of developing the system along the correct lines.

Whilst it seems to many, especially with the Silicon Valley mentality, that you take the money and everything is good. This is an utterly ass-ended approach. The reality is that when you earn money in a business, it is not just for what has occurred in the past, but it is a prepayment towards the future. When you are rewarded with riches for concepts that you have created or businesses that you have built the money is not merely a reward for the past. This is an error in how people think.

The reality is that you are being paid in advance for what you are to do.

The reward of wealth for capitalism and the related activities is both payments for the job you have done and a prepayment for what you are being set to do.

Many people fail to understand that this is a concept that needs to be taught through the educational process. In addition, people need to understand that wealthy capitalists do not merely gain capital for what they have done but on a promise of what they are to build in the future.

Capitalism is not the problem.

The lack of education around what is moral and virtuous is the issue. We need to start teaching the people who are going to be leaders that they have an obligation. When you are given great wealth and great power, it comes with an obligation to use that on what you promised. When you are paid money to build something, and then you pivot, you are deceiving people and breaching your promise. The truth is, it would be more honest and more virtuous and better overall not to have people pivot in the Silicon Valley fashion but rather to fail. What you are being paid to do is try and continue to try until you either succeed or run out of money.

CSW
Jul 20, 2021
https://metanet-icu.slack.com/archives/C5131HKFX/p1626768342395800?thread_ts=1626768342.395800&cid=C5131HKFX
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https://t.me/CSW_Slack/2729