The Age of Corporate Nihilism
summary
Argues that split payments (built as an LNbits extension in about 3–4 months) routes sats at point of sale so an unbanked coffee farmer in El Salvador receives payment instantly; contrasts that with poor APIs from fiat providers (Stripe, Adyen, Revolut) when integrating into Alby. Cites Meta stats (≈$1M profit per employee vs $250K salary) and warns of an expensive AI bubble (OpenAI CFO floated “too big to fail”), claiming FLOSS, Bitcoin, Nostr and AI can recontextualize capital toward low-time-preference investment.
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chapters (14)
- 0:00Introduction
- 2:05Corporate nihilism
- 3:30Adam Smith’s invisible hand
- 6:21Detached capital and East India Co
- 8:45Capital spectrum and exploitation
- 11:52Time preference capital
- 13:59Permissionless vs regulatory moats
- 15:00Free and open source guidance
- 16:45State becoming superfluous
- 19:54AI nihilism and venture bubble
- 22:21Corporations as FOSS
- 24:05Bitcoin upgrades and vibe coding
- 25:49Utopian capitalist equilibrium
- 28:04Q&A
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