Hey everyone,
Elon Musk is using 𝕏 to launch two of most ambitious ventures for humanity: friendly artificial intelligence and a revamped financial system.
Interestingly, he has used dogs as metaphors for both projects.
Let’s take a look at why dogs—and Doges—are important for understanding Elon’s big plans.
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Last week, Elon’s mother Maye wrote, “If you’re a Dog, X is the place to be.”
Somewhat cryptically, Elon replied, “X is a dog & Doge friendly place.”
What in the world was he talking about?
The same week as the exchange with his mom, The New Yorker published a profile on Elon.
The article included a fascinating quote, in which he compared being a human under super-intelligent AI to being a domestic dog: “Ari, do you have dogs? Well, here’s what A.I. is to you. You’re the dog.”
Humans are used to viewing themselves as the most advanced species on the planet.
It’s worth thinking about what it would mean to exist under the auspices of a more advanced entity that cares for us as an owner does his dog.
On the downside, the idea of people-as-dogs is a check to humanity’s collective ego.
Just as when we learned that the Earth is not the center of the universe, living under the care of AI will require us to reframe our understanding of our own role in the cosmic order. We will no longer be Top Dog on the planet.
On the other hand, care of lesser creatures like dogs is one of humanity’s best achievements. It highlights our benevolence and nurturing instincts.
The idea that AI could nurture humanity as we do dogs is an optimistic vision for the future. It suggests that digital super-intelligence could meet all our essential needs, domesticate away our violent impulses, and offer companionship and emotional support.
In the past, Elon’s boldest claim about Artificial Intelligence has been that it will bring about an Age of Abundance “where any goods or services that you want, you can just have.”
If AI plays out as he predicts and all of humanity’s material requirements are met by digital superintelligence, people should be free to pursue top-of-Maslow-hierarchy needs like love, esteem, and self-realization.
In other words, life as a dog might be better than we think.
Right now, one of the main impediments to human flourishing is money.
Our current monetary system is engineered to keep most people in a constant state of stress and indebtedness, eroding individual wealth through inflation.
Meanwhile, a handful of oligarchs with privileged access to levers of monetary power use it to hoard resources.
If AI is going to provide abundance to all people, it will have to address problems with our money.
Cryptocurrency is an attempt to fix flaws in the monetary system by removing control of money from insiders and pre-programming inflation years in advance.
Dogecoin in particular is designed to upgrade cash. Elon has called it “fundamentally better than anything else I’ve seen” as a transactional technology.
Last week saw more confirmation that 𝕏 is moving ahead with its financial ambitions, with Dogecoin playing a central role.
On Thursday, Fox reporter Charlie Gasparino reported that Elon has been working with “top Wall Street executives” to bring payments to X.
Gasparino said 𝕏’s goal is to create an “updated version of PayPal” with low transaction costs.
Elon confirmed the news by liking a post from DogeDesigner that said, “𝕏 is reportedly working on payments.”
A great first step is to add tipping, which would allow peer-to-peer transactions and get Dogecoin moving on 𝕏. Doge is the original tipping crypto, dating back to its days on Reddit.
Last night, Elon dropped another hint that tipping is in the works, liking a post from DogeDesigner that called tipping “a game changer for the creators.”
Elon is using 𝕏 as the launchpad for two exciting Internet projects: his AI startup, X.AI, and his support for Dogecoin.
It’s worth thinking of them as joined at the hip: AI creates abundance, while Dogecoin ensures a fair monetary system that prevents malign forces from eroding that abundance.
Interestingly, he has used dogs as the metaphor to explain both his ambitions with friendly AI (owner/dog) and fair finance (Dogecoin). His choice of words is no accident.
When Elon called 𝕏 a Doge-friendly place, he was saying something positive and profound. Keep your eyes on the dogs!
Dogey Treats: News Bites
Elon livestreamed a test drive with Tesla’s Full Self-Driving version 12 software. Here’s a fascinating write-up of what its significance. Today, Tesla is turning on a large GPU cluster for training its full self-driving AI.
Elon posted a photo of a Starship booster test firing along with the text, “Getting ready for next Starship flight.”
Mark Zuckerberg’s MMA coach said the fight with Elon is unlikely to happen because “I don’t think Elon wants it.”
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Disclaimer: This is not financial advice and I am not a financial advisor. The article above references an opinion for entertainment purposes only and it is not investment advice. Always assume that the author of the article is actively trading and that the opinions expressed may be biased towards the author’s holdings. Do your own research and consult with a licensed financial adviser before making any investment decision. Do not treat any opinion expressed in this newsletter as a specific inducement to make a particular investment. Content, news, research, tools, and securities symbols are for educational and illustrative purposes only and do not imply a recommendation or solicitation to buy or sell a particular security or cryptocurrency or to engage in any particular investment strategy. The information provided is not warranted as to completeness or accuracy and is subject to change without notice. The projections or other information regarding the likelihood of various investment outcomes are hypothetical in nature, are not guaranteed for accuracy or completeness, do not reflect actual investment results and are not guarantees of future results. All investments involve risk, losses may exceed the principal invested, and the past performance of a security, industry, sector, market, cryptocurrency, or financial product does not guarantee future results or returns. Dogecoin is a speculative and highly volatile asset susceptible to pump-and-dump schemes.
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