Hello guys, tonight I watched a 50 minute podcast with Albert Castellana from GenLayer on The Future of Crypto Compliance, and one minute in it is still stuck in my head. Code is free now, execution is becoming free, so what still has value? According to Albert, it’s judgment. AI already decides what we see on Twitter, whether we get hired, whether we get a loan or insurance, and right now we’re just trusting a few big AI labs with that power
Main points:
- His previous project lost access to around $150M after keys were lost, and the courts turned out to be too slow and expensive
- GenLayer is building a small digital court onchain for decisions that aren’t just yes or no
- Five random validators, each with its own AI model, vote on the outcome
- Disagree? Appeal, and the validator set doubles each time, up to 1,500
- The first decision takes minutes and costs around 50 cents
- It doesn’t replace real courts, it handles small disputes nobody would take to court anyway
Elon Musk offered $97.4 billion to buy OpenAI, and Sam Altman answered in under 60 minutes.
“no thank you but we will buy twitter for $9.74 billion if you want.”
Same digits, 1/10th the price the insult was in the math.
Rewind to 2015, when Musk co-founded OpenAI as a nonprofit, put in $44 million and sent late-night emails about saving humanity.
Then he walked.
OpenAI took $13 billion from Microsoft, shipped ChatGPT and grew into a $135 billion company without him.
Altman wrote him a private email: “I don’t think OpenAI would have happened without you and it really fing hurts when you publicly attack us.”
Musk reply came in public instead “Scam Altman,” “Greg Stockman,” and then a lawsuit.
In court, OpenAI lawyer handed him a 2018 email from his own inbox, spelling out the plan to raise $10 billion years before he claims he learned of it.
Musk, under oath: “I did not read the fine print.”
The lawyer: “It’s a 4-page document.”
The jury ruled against him unanimously.
So count what’s left on the table: a $44 million donation, a $97.4 billion bid dead in an hour, and a $135 billion company run by the man he once mentored.
He co-founded the future, then sued it and it won.
Big update to the X platform today
After 10 years of Twitter/X supporting up to 4 Photos and Videos per post, the limit has been increased to 20!
Happy posting