The economic vehicle used to get money up china. Si, you understand the structure of ali baba in america. You own rights to this little entity. And the owners of that entity are spread all over the world. So what happens now? Your stock can be collateral for loans. That's how that's generally. Anyone can do the soso te o it riso. They do evri cacter saa e. Whole pointsli, the chinese commonist party, are very wealthy chinese people like this is one mechanism for them to get money out of china. Itsn't ther own money in a publicly listed, massive chinese company. But the reality
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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