Daniel Beurthe

Today

Daniel Beurthe

Inside the murky world of Tether

In July 2014, three aspiring entrepreneurs – Reeve Collins, Craig Sellars and Brock Pierce – launched a startup from a Santa Monica bungalow. Its product, Realcoin, was a dollar-pegged cryptocurrency: a digital token that, unlike volatile Bitcoin, could be used for everyday transactions. When the trio pitched it to Silicon Valley’s big investors, they were laughed out of the room. This could have made for a classic startup origin story, were it not for the cast behind it. Their résumés betray the whole venture as a pipe dream.

Monday

Daniel Beurthe

Inside the Democrats’ AI skepticism

Bernie Sanders has been rolling out political hot takes for more than half a century, and in recent years his familiar socialist prescriptions have found a new focus: artificial intelligence. In 2023 he argued that workers who use it should be entitled to a four-day week. In October of last year he called on corporations who employ AI to be hit with a “robot tax”. And, just last month, he made his punchiest proposal yet: a complete moratorium on all AI data centers. In a characteristically plaintive video address, the Vermont Senator argued that halting data center construction would "give democracy a chance to catch up," preventing the benefits of AI from being monopolized by "the wealthiest people on Earth.

AI