photog.social is one of the many independent Mastodon servers you can use to participate in the fediverse.
A place for your photos and banter. Photog first is our motto Please refer to the site rules before posting.

Administered by:

Server stats:

269
active users

#benhorowitz

0 posts0 participants0 posts today

another day, another AI scam backed by #MarcAndreessen's #a16z.

> "TechCrunch learned that multiple companies with logos on #11x's website were not actual customers and that at least one is threatening legal action over it.”

When a company lies about something so public and so easily verifiable it begs the question: what else are they lying about?

Andreessen is running #DOGE with #ElonMusk. These are the kind of people who run the US government now.

techcrunch.com/2025/03/24/a16z

TechCrunch · a16z- and Benchmark-backed 11x has been claiming customers it doesn’t have | TechCrunchLast year, AI-powered sales automation startup 11x appeared to be on an explosive growth trajectory. However, nearly two dozen sources — including

now that the $1.4 billion worth of crypto stolen from #Bybit is being laundered through #MarcAndreessen / #a16z’s Uniswap, I figured it would be a good time to repost this explanation of how the last massive pile of stolen crypto was also laundered through Marc Andreessen’s Uniswap.

tl;dr there are no incentives to dissuade north korea (or whoever) from laundering stolen crypto in a16z’s business model. in fact quite the opposite - a16z and Marc Andreessen massively profits from the popularity of its money laundering service.

cryptadamus.substack.com/p/of-

The Cryptocalypse Chronicles · Of Tech Bros And TrumpersBy Michel de Cryptadamus

a bro from the largest american crypto VC firm #a16z is going to be running the #CFTC which in turn will be the agency "regulating" crypto now that the #SEC (also now run by crypto bros) has decided cryptocurrency is not a "security" (like a share of stock or a bond) but instead a "commodity" (like corn or pork bellies). which makes sense, as long as you don't think about it.

fun fact: the CFTC was the agency that regulated (and still regulates) financial derivatives and is more or less directly responsible for 2008's Great Financial Crisis and the Great Recession.

coindesk.com/policy/2025/02/11

CoinDesk · Trump to Tap Former CFTC Commissioner, a16z Policy Head Brian Quintenz for CFTC HeadQuintenz has been known for his crypto advocacy

another great (and very detailed) resource on the #debanking and "Operation Chokepoint 2.0" conspiracy theories being wielded against the #CFPB and #FDIC from #PatrickMcKenzie (Patio11).

#NathanMcCauley, the broligarch who runs "crypto bank" #AnchorageDigital, asked Patrick to retract the post. He refused.

* original post: bitsaboutmoney.com/archive/deb
* thread about the retraction request: x.com/patio11/status/188897370
* full story about retraction request rejection: kalzumeus.com/2025/02/10/retra

Marc Andreessen's #a16z has released a wish list for american financial regulations. my comments in parentheses:

1. no more surveillance and #debanking (of fraudsters and terrorists)

2. tokenize stocks (to make the #SEC and all financial regulations obsolete, as well as legalizing #memecoins like #TrumpCoin)

3. create decentralized #stablecoin dollar equivalents (to strip the US govt of its hegemonic currency power)

4. #StrategicBitcoinReserve (to transfer hundreds of billions of taxpayer dollars into the hands of a16z)

5. no taxes on crypto bros

I suspect all of these will be made official policy.

a16zcrypto.com/posts/article/u

American #Plutocracy or #Kleptocracy 🤔
Your choice

Silicon Valley is maximizing profit at everyone's expense.

A public battle has broken out among the titans of #SiliconValley. One side, led by Elon #Musk, #PayPal co-founder Peter #Thiel and venture capitalists Marc #Andreessen and #BenHorowitz, is backing Donald #Trump for president. The other, led by #LinkedIn co-founder #ReidHoffman, is behind #KamalaHarris.

We should not make the mistake of thinking this is a battle over ideology or policy. It’s a battle to maximize Silicon Valley’s profits regardless of the consequences for society.

latimes.com/opinion/story/2024