Episode
E56: Constitution DAO, Rittenhouse trial coverage, private sector efficiency vs the government
1:15:41
Published: Sat Nov 20 2021
Description
0:00 Bestie intro 1:14 Constitution DAO: implications, shortcomings, how to move forward? 29:58 Rittenhouse trial media coverage 50:52 Ken Griffin plays heel (again), private sector efficiency vs. government inefficiency 1:07:08 Pete Davidson's pull, Sacks' taste in music, wrap Follow the besties: https://twitter.com/chamath https://linktr.ee/calacanis https://twitter.com/DavidSacks https://twitter.com/friedberg Follow the pod: https://twitter.com/theallinpod https://linktr.ee/allinpodcast Intro Music Credit: https://rb.gy/tppkzl https://twitter.com/yung_spielburg Intro Video Credit: https://twitter.com/TheZachEffect Referenced in the show: https://www.cnbc.com/2021/11/18/constitutiondao-crypto-investors-lose-bid-to-buy-constitution-copy.html https://twitter.com/constitutiondao https://www.constitutiondao.com https://www.coindesk.com/tech/2021/11/19/constitutiondao-outbid-for-first-printing-of-americas-founding-document-in-sothebys-auction/ https://youtu.be/1TBa-9Lx3vc?t=8762 https://www.cbsnews.com/live-updates/kyle-rittenhouse-trial-closing-arguments-self-defense/ https://www.nytimes.com/live/2021/11/19/us/kyle-rittenhouse-trial https://twitter.com/elonmusk/status/1461372314424164367 https://www.wsj.com/articles/citadel-ceo-ken-griffin-outbid-a-group-of-crypto-investors-for-copy-of-u-s-constitution-11637352087 https://www.nytimes.com/2021/11/17/us/politics/biden-build-back-better-act.html https://www.cnbc.com/2021/11/17/amazon-to-stop-accepting-visa-credit-cards-issued-in-the-uk.html https://twitter.com/ConceptualJames/status/1461007806333693959 https://www.cnbc.com/2021/11/05/sam-altman-puts-375-million-into-fusion-start-up-helion-energy.html https://www.cnbc.com/2021/11/17/bill-gates-terrapower-builds-its-first-nuclear-reactor-in-a-coal-town.html https://www.youtube.com/watch?v=zHZ4MfOiqm8 https://www.huffpost.com/entry/emily-ratajkowski-women-find-pete-davidson-attractive_n_618be849e4b06de3eb7dfbbe
Chapters
David Friedberg and David Sachs discuss the challenges of long-form podcasting on YouTube and how it differs from the platform’s preference for short-form content.
00:00 - 01:54 (01:54)
Summary
David Friedberg and David Sachs discuss the challenges of long-form podcasting on YouTube and how it differs from the platform’s preference for short-form content.
EpisodeE56: Constitution DAO, Rittenhouse trial coverage, private sector efficiency vs the government
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The podcast discusses the recent success of crowdfunding through Decentralized Autonomous Organizations or DAOs, such as the Constitution Dow, which raised $46 million in just one week.
01:54 - 06:06 (04:12)
Summary
The podcast discusses the recent success of crowdfunding through Decentralized Autonomous Organizations or DAOs, such as the Constitution Dow, which raised $46 million in just one week. However, the downside of the process includes high gas fees for donors and the potential misuse of funds.
EpisodeE56: Constitution DAO, Rittenhouse trial coverage, private sector efficiency vs the government
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
What are DAOs and how can they change the traditional financial system?
06:06 - 11:38 (05:31)
Summary
What are DAOs and how can they change the traditional financial system? In this podcast episode, the speaker explains the concept of DAOs and its potential impact on the world of finance and investments.
EpisodeE56: Constitution DAO, Rittenhouse trial coverage, private sector efficiency vs the government
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Jason Calacanis and Chamath Palihapitiya discuss the problems with fractionalized assets on DAOs, arguing that the only reliable fractionalized asset is stocks, and highlight the unreliability of Ethereum as a transactional layer for these kinds of transactions.
11:38 - 16:23 (04:44)
Summary
Jason Calacanis and Chamath Palihapitiya discuss the problems with fractionalized assets on DAOs, arguing that the only reliable fractionalized asset is stocks, and highlight the unreliability of Ethereum as a transactional layer for these kinds of transactions.
EpisodeE56: Constitution DAO, Rittenhouse trial coverage, private sector efficiency vs the government
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The excessive regulation on equity crowdfunding leads to rich people getting the best deals while small investors are left out.
16:23 - 21:21 (04:58)
Summary
The excessive regulation on equity crowdfunding leads to rich people getting the best deals while small investors are left out. Although regulations have good intentions, they make the process arduous and painful for the founder and the investor, hindering innovation and investment.
EpisodeE56: Constitution DAO, Rittenhouse trial coverage, private sector efficiency vs the government
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The solution to the risk of investing in startups is to limit the bet size that people are allowed to make, creating a Dow exception of raising from 1000 up to 5000 people up to $10 million, which will allow individuals to make smaller investments and pour the 30 million into the winners.
21:21 - 26:21 (04:59)
Summary
The solution to the risk of investing in startups is to limit the bet size that people are allowed to make, creating a Dow exception of raising from 1000 up to 5000 people up to $10 million, which will allow individuals to make smaller investments and pour the 30 million into the winners.
EpisodeE56: Constitution DAO, Rittenhouse trial coverage, private sector efficiency vs the government
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The focus should be on improving crowdfunding laws instead of creating new regulations while the mainstream media is percolating down the view that the white supremacy trial is an example of white supremacy in America, hindering expanding crowdfunding laws.
26:21 - 32:43 (06:21)
Summary
The focus should be on improving crowdfunding laws instead of creating new regulations while the mainstream media is percolating down the view that the white supremacy trial is an example of white supremacy in America, hindering expanding crowdfunding laws.
EpisodeE56: Constitution DAO, Rittenhouse trial coverage, private sector efficiency vs the government
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The media's failure to provide objective reporting leads people to make incorrect assumptions based on incomplete information, resulting in a failure to understand current events.
32:43 - 42:52 (10:09)
Summary
The media's failure to provide objective reporting leads people to make incorrect assumptions based on incomplete information, resulting in a failure to understand current events.
EpisodeE56: Constitution DAO, Rittenhouse trial coverage, private sector efficiency vs the government
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The credibility and esteem of corporate media, such as CNN and The New York Times, have drastically declined in the eyes of the American people.
42:52 - 52:16 (09:24)
Summary
The credibility and esteem of corporate media, such as CNN and The New York Times, have drastically declined in the eyes of the American people. This has led to the rise of alternative journalists and people seeking information directly from reliable sources through social media platforms.
EpisodeE56: Constitution DAO, Rittenhouse trial coverage, private sector efficiency vs the government
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
In this podcast episode, the speaker expresses his opinion on the allocation of $2.5 billion for equity in the infrastructure bill and compares it to the $2 billion raised by Kraft Ventures in five years.
52:16 - 1:02:11 (09:54)
Summary
In this podcast episode, the speaker expresses his opinion on the allocation of $2.5 billion for equity in the infrastructure bill and compares it to the $2 billion raised by Kraft Ventures in five years. He also critiques the idea of virtue signaling and discusses the impact of government funding on education costs, healthcare, and defense.
EpisodeE56: Constitution DAO, Rittenhouse trial coverage, private sector efficiency vs the government
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The private sector and entrepreneurial economy are disrupting industries and making advancements while the government remains stultified and incompetent in implementing necessary infrastructure programs such as next-gen nuclear power stations, biomanufacturing, and large-scale 3D printing systems.
1:02:11 - 1:09:27 (07:16)
Summary
The private sector and entrepreneurial economy are disrupting industries and making advancements while the government remains stultified and incompetent in implementing necessary infrastructure programs such as next-gen nuclear power stations, biomanufacturing, and large-scale 3D printing systems.
EpisodeE56: Constitution DAO, Rittenhouse trial coverage, private sector efficiency vs the government
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
In this excerpt, two people compare their music tastes, with one mentioning workout tracks, Spotify, and seminal artists while the other confuses Kanye West with Paul Anka.
1:09:27 - 1:11:43 (02:15)
Summary
In this excerpt, two people compare their music tastes, with one mentioning workout tracks, Spotify, and seminal artists while the other confuses Kanye West with Paul Anka.
EpisodeE56: Constitution DAO, Rittenhouse trial coverage, private sector efficiency vs the government
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The speaker reflects on how movies have become more short-form over time and how classic films from the 30s and 40s are like watching a play, making it challenging to get their kids interested in them.
1:11:43 - 1:13:57 (02:14)
Summary
The speaker reflects on how movies have become more short-form over time and how classic films from the 30s and 40s are like watching a play, making it challenging to get their kids interested in them.
EpisodeE56: Constitution DAO, Rittenhouse trial coverage, private sector efficiency vs the government
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The speaker invited strangers via Twitter to attend a reception and dinner at BuzzFeed's office.
1:13:57 - 1:15:24 (01:27)
Summary
The speaker invited strangers via Twitter to attend a reception and dinner at BuzzFeed's office. The event is expected to have at least 60 attendees for the reception and 20 attendees for dinner.