← All source episodes Conversations with Tyler / episode intelligence
Patrick McKenzie on Navigating Complex Systems
10 Jan 2024 18 published claims 2 attributable people
Speakers in the public record
Claim mix
evaluation 7belief 5prediction 4recommendation 1preference 1
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The useful parts, with receipts.
18 published records
“Be very careful about saying things like “Oh, the tech industry is so over, haha,” as a joke because it is quite possible that someone will listen to that and just perceive the surface-level meaning of it.”
- Publisher
- Conversations with Tyler
“Now we have an existence proof of it happening, and I am reevaluating what I think about the world and how tractable various problems are in it.”
- Publisher
- Conversations with Tyler
“We’ve run at it many times. Not too long ago, I think the price fell even to $93, which is dangerously low.”
- Publisher
- Conversations with Tyler
“As we’re speaking in October of 2023, Elon Musk has suggested that he will take X — formerly Twitter — and turn it into some kind of universal payments app.”
- Publisher
- Conversations with Tyler
“I think if you’re not a heritage reader of Japanese or Chinese, you should benchmark it at least three years to be professionally capable at it.”
- Publisher
- Conversations with Tyler
“I think there is a material chance it is truly worth something like $30, potentially negative after you add government fines and other actions that happen.”
- Publisher
- Conversations with Tyler
“” I’m an American who lived in Japan for many years, and I expect in the future to, at some point, be an American living in Japan.”
- Publisher
- Conversations with Tyler
“I think the social organization of the internet and its impact on the world are underestimated by almost everyone, including Silicon Valley.”
- Publisher
- Conversations with Tyler
“The median haul that a bank robber gets is about $8,000. It is the worst possible way to earn $8,000 because a career bank thief — the other word for that is long-term guest of the United States government.”
- Publisher
- Conversations with Tyler
“For a while and continuing, I thought that crypto was drawing a lot of the fraud out of the more traditional sectors of the economy, because if you do it in crypto, that wasn’t fraud, or it was fraud that you would get away with and make a substantial amount of money doing.”
- Publisher
- Conversations with Tyler
“Depending on the bank and the locality, et cetera, it’s between 200 and 500. So, if you turn away a single customer or two customers in a row to open accounts because you had three parking spaces where you could have had seven, you’ve done a very outsized amount of damage to your financial institution, and thus over-provision the parking in all the places.”
- Publisher
- Conversations with Tyler
“Then Elon Musk came around and said, “Actually, I think we can cheat the costs of getting things up to orbit by, oh, three orders of magnitude.”
- Publisher
- Conversations with Tyler
“If the human race does not exist in a hundred years, it is almost definitionally because of some knock-on consequence of the invention of the internet.”
- Publisher
- Conversations with Tyler
“Many, many tens of billions of dollars of check fraud happened over the years because of that issue, and we just took the punches and developed a vast shadow infrastructure to defang this fundamental, irreducible security hole in the heart of the checking system.”
- Publisher
- Conversations with Tyler
“He doesn’t know me, but I think after walking into his office, I can beg, borrow, or steal a job there and do something much more impactful, important, personally fulfilling, et cetera, over the next couple of years, doesn’t seem that I’ve been doing the last couple of years.”
- Publisher
- Conversations with Tyler
“I will say one thing about the experience, is that having a lot of free time on your hands in the evenings and no outlet for English was a great push in the right direction of writing more than most people do in their 20s.”
- Publisher
- Conversations with Tyler
“It is possible to be a net-negative productive debt collector, and since your activity is tracked, your employer will eventually come to understand that about you. But most people who leave don’t leave because this is a job that is beyond their intellectual capability or because the script they’re given doesn’t work well, et cetera, et cetera.”
- Publisher
- Conversations with Tyler
“Since the corner bodega can easily verify that the Tide hasn’t been tampered with because the Tide seal is on it, and has basically unlimited willingness to do small-dollar transactions that make money, that was a way to recycle Tide which had been stolen — or which had been acquired by means that were not stealing, but also not exactly the official way of getting Tide — and recycle it into the more or less legitimate economy, insofar as we think that the corner bodega is more or less legitimate, which I think is a complicated story.”
- Publisher
- Conversations with Tyler