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Week of September 29, 2023

Weirdo's Weekly Update — 29 Sept, 2023

Binance faces mounting regulatory pressure from multiple U.S. agencies, while Brazil and Argentina adopt blockchain for national identity systems. The team also covers ChatGPT's new multimodal capabilities, a workation in Georgia's Caucasus mountains, and tips on acquiring initial customers.

Crypto News

Binance Under Pressure

Binance faces regulatory challenges from multiple nations and U.S. agencies including the SEC and CFTC. Issues range from compliance concerns to alleged mishandling of customer funds. Speculation suggests potential DOJ action with possible substantial penalties.

Blockchain Identity Systems in South America

Brazil and Argentina are adopting blockchain technology for citizen identification. Buenos Aires is launching QuarkID for digital document access, while Brazil develops b-Cadastros to support its national identity card infrastructure.

Market Updates

  • Bitcoin: $27,029 (+1.4%)
  • Ethereum: $1,671 (+4.7%)
  • Gold: $1,872

AI News

OpenAI's AGI Comments

CEO Sam Altman sparked discussions with a Reddit post hinting at internal AGI achievement, then edited it to clarify. This emerged alongside reports of OpenAI seeking funding at a $90 billion valuation.

ChatGPT Multimodal Capabilities

ChatGPT now handles images and voice input alongside text. Features become available to Plus and Enterprise users within two weeks.

Browsing Restored

ChatGPT's internet browsing feature returns, providing current information with source citations. No longer limited to September 2021 data.

Meta Smart Glasses

New Meta smart glasses enable calls, music playback, and face-mounted livestreaming.

Travel

Stepantsminda Workation

The writer spent five days in Stepantsminda (1,740m elevation) in Georgia's Greater Caucasus region. Highlights included hiking to Gergeti Trinity Church at 2,170m and completing quarterly work planning. Local marshrutka minivans provide authentic transport from Tbilisi for 15 GEL.

Business & Productivity

Acquiring Initial Customers

Two primary obstacles exist: establishing trust and addressing customer pain points. Success requires conversations that simultaneously build relationships and reveal customer challenges. Early focus on warm leads transitions gradually to cold prospects.

Product of the Week

SOLO Banking (Bank of Georgia) — Premium banking service offering dedicated relationship managers, exclusive financial products, and lifestyle benefits. Particularly valuable for non-residents needing direct personnel access.

Media Recommendations

Listening: Mark Zuckerberg's first metaverse interview with Lex Fridman

Watching: Billions Season 7 (Netflix, new episodes weekly)

Inspiring Quotes

"The thing that might make you weird as a kid might make you great as an adult, if you don't lose it." — Kevin Kelly

Clear mission and conviction eliminate decision-making friction and reveal obvious priorities more effectively than productivity systems alone.