Peter Thiel on higher education:

@naval: If you’re ending up in Forbes 30 under 30 or on the cover of magazines, that’s not conducive to being a good founder. All the value comes from a few hundred genuine, brilliant tinkerers who are there for the love of the game. They’re there for the love of the craft. They’re there because they’re creating something that they want to see exist. I genuinely believe Elon when he says he wants to die on Mars. And so these kinds of people—Ilya Sutskever, the genius behind OpenAI, and Greg Brockman and others, obviously, and Sam Altman—these are people who have been working at the edge of their knowledge to try to figure out something new for decades. They are not there to be famous. Fame is a byproduct. And honestly, anyone who’s on this stage, like me, talking about this—you shouldn’t trust 100%. We’re not the real deal. The real deal, the real power, the real knowledge, the real wealth, the real creativity derives from a small number of modern, you could call them scientist inventors—the new Thomas Edisons, the Henry Fords, the Nikola Teslas. Interviewer: And who are they? @naval: Who are the new ones? They’re people you’ve never heard of. They’re that geeky kid standing in the corner at the AI hackathon who’s shipping something that you can barely even understand or describe. You can find a lot of them on Twitter, but good luck sorting out the wheat from the chaff. By the time they’re known and they’re famous, then maybe, like Elon, they still have ambition and they still keep driving. But they’re not the true builders underneath.

We have more resources today than ever before. Let that sink in.

John Steinbeck’s six rules for the writer:

“Moderation is a propaganda word for censorship.” — Elon Musk

Meet your heroes

@Naval: Smart people, capable people, don't let themselves be pigeonholed into one definition. That is a disease of credentialism because we created this university system, and now you have to go to university and get a degree in something. Then people ask, "What is your expertise? What is your credential?" That's a question dumb people ask. Smart people don't ask that. Smart people don't need to know your credentials. They just talk to you for five minutes, and they figure out if you know what you're talking about or not. A really good person, a so-called natural philosopher, can be good at any branch of anything. Nature has no boundaries. Nature has no concept of mathematics versus physics versus chemistry. It is all one thing. Anyone who's either meditated, done psychedelics, or read enough books, they figure that out: it's all one thing. When you find one thing, it connects to the next thing, connects to the next thing, connects to the next thing. And true creativity jumps boundaries. It can go from anywhere to anywhere. It doesn't have to follow a path of interconnections in between.

This is how I’m gonna explain my work to my family now

Nostr is to social media what Bitcoin is to banks.

“It is important that students bring a certain ragamuffin, barefoot irreverence to their studies; they are not here to worship what is known but to question it.” — Jacob Bronowski

The argument for restricting social media for children is analogous to cutting their legs as soon as they learn how to walk.

Max Keiser: I've always said that Bitcoin has no top, because fiat money has no bottom. There's no backing for fiat money. It's just paper. And I think a couple of things we're going to see happening. Number one: People will no longer accept fiat money for Bitcoin. So you're going to try to buy Bitcoin with your fiat money, and no one will take your fiat money. No one will take dollars at all. So that will be a moment of panic. They’ll be like, "What? It's like, no, here's a million dollars. Here's $10 million. I want one Bitcoin." Like, "No. No way, amigo. We don't want that shit. It's worthless." So that's going to be panic. Then people are going to have to trade in other stuff for Bitcoin, like gold, or their house, right? And then people are going to be panicked, and they shouldn't be panicked, because the world we live in now is a fake world that's been created with the hologram of fiat money.

Chanting “End the Fed” with Ron Paul at Mises U

Virtue signaling can earn you social approval, but it cannot earn you any objective merit, and it isn’t a substitute for an argument.

In a free market, wealth inequality is good for the poor. For example, airlines offer First, Business, and Economy classes to charge different prices for different (and unequal) levels of comfort and service. Those who purchase higher-priced tickets for extra comfort help cover the fixed costs of the airline, enabling it to offer more affordable prices for economy seats. If the government were to mandate that airlines only offer economy class tickets, airlines would not be able to segment the market effectively. They might need to increase the price of economy tickets to cover costs, especially if they can’t charge premium prices to other passengers. This would limit accessibility for budget-conscious travelers, reducing overall consumer satisfaction, and potentially leading to less efficient use of airline capacity. So, inequality is not the problem. In fact, it may be beneficial for the poor.

“DEI is a pervasive system of legalized racial discrimination.” — Wanjiru Njoya at #MisesU

“Education rears disciples, imitators, and routinists, not pioneers of new ideas and creative geniuses... The mark of the creative mind is that it defies a part of what it has learned or, at least, adds something new to it.” — Ludwig von Mises, Bureaucracy

Peter Thiel: Maybe you should think of wokeness as hyper Christianity.