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This should worry any proponent of decentralization: the software that’s at the heart of Bitcoin is primarily owned and maintained by a small group of people that are employed and funded by a single company. The potential for conflicts of interest and user-hostile changes by Blockstream is high.

Neel Mehta • Blockchain Bubble or Revolution: The Future of Bitcoin, Blockchains, and Cryptocurrencies

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Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon

Spotify’s main form of compensation is the promise of exposure. Put your music on Spotify and it’s instantly available to 138 million subscribers, a veritable nation-state of potential listeners. But with that promise comes the relinquishing of even more control. Reaching any of those listeners depends primarily on Spotify’s recommendation systems;... See more

Tim Maughan • Platforms, Creative Communities, and the Need for a Radical Reimagining - The Reboot

Sam had invested $500 million in an artificial intelligence start-up called Anthropic, apparently without bouncing the idea off anyone else.

Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon

Internally at OpenAI, insiders say that disagreements had emerged over the speed at which Altman was pushing for commercialization and company growth, with Sutskever arguing to slow things down. Sources told reporter Kara Swisher that OpenAI's Dev Day event hosted November 6, with Sam front and center in a keynote pushing consumer-like products was... See more

Benj Edwards • Details emerge of surprise board coup that ousted CEO Sam Altman at OpenAI

That ArtForz had not taken advantage of the bug himself was a minor miracle. But it was also what the incentives in the Bitcoin system were designed to encourage. ArtForz had been mining coins himself—using the GPU technology that Laszlo had first pioneered—and he knew that if confidence in the system was undercut his coins would be worthless. The

Nathaniel Popper • Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money

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Obsessed with the aesthetic of this 1975 brochure on an early iteration of Fedwire

Brendan Malone

x.com

In the end, George drew up the only internal org chart ever made of Sam’s sprawling creation. By the time he was done, he’d discovered many interesting things. Twenty-four different people thought that they were reporting directly to Sam, for example. The group included Sam’s father, Joe, and Sam’s childhood friend Matt Nass, whose game, Storybook

Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon

FTX was different from the other exchanges, mainly because the guy who ran it, Sam Bankman-Fried, was different. Every man Natalie Tien had ever met in crypto had been chiefly interested in money and women, and Sam was chiefly interested in neither—though it took her a while to figure out what it was he was chiefly interested in.