i'm almost 99% convinced that the public listing of ali baba in the new york stock exchange at the time, which was the largest listing ever, was just employed to get money out of china for the chinese communist party. If you are a millionaire or millionaire china, you can't just take a hundred million dollars out of the country rate. It's because China has full control over the economic monetary system. A very popular way, its called its over envoicing. So if you're a millionaire industrialist and you want to get a hundred million Dollars out of chINA, that's what you do. This is how Ali baba works. Thiss,
Jack Butcher, Bilal Zaidi & Trung Phan discuss what they're finding on the edges of the internet + the latest in business, technology and memes.
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Timestamps:
- 0:00:00 – Intro
- 0:01:58 – Trung’s Headset
- 0:05:40 – Ozy Media Fiasco
- 0:22:44 – Chris Dixon Web 3 Thread
- 0:31:58 – Pyramid Meme vs Pyramid Scheme
- 0:40:42 – Crypto vs Traditional Investing vs Memes
- 0:48:11 – Work Below or Above The API + Monetizing Attention
- 0:55:40 – NFTs + Chinese Money Laundering
- 1:02:42 – Unrealized Capital Gains + Tax Code
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