Comments by "Mikko Rantalainen" (@MikkoRantalainen) on "Илон Маск: SpaceX, Tesla, Марс, Роботы, и Искусственный Интеллект | Лекс Фридман Подкаст #252" video.

@rafaelmoura947 Finns are pretty well known for overly humble wording for their estimates even when then the estimate is actually accurate to about 100 ns.
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I'm not sure if I'd call Elon a genius but he's definitely very smart nonetheless. The most interesting thing for me (as a software developer) is the amount of details he knows about Tesla FSD implementation details and he still uses lots of his time on SpaceX. If Tesla FSD were the only thing Elon were doing it would be much more expected to know this kind of details.
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44:19 I think the most sensible suggestion to fix laws is to require that law book must be short enough to be readable by common people. I'd argue that it would put it in class of about 200 pages of typical pocket book format with typical font size. If you want to introduce a new law and the 200 limit is already full, you have to replace some existing law instead of simply adding yet another law. At least here in Finland, the ignorance of the law is not considered a valid defence in court. If laws simply keep getting more complex over time, there will be situation where nobody can follow the law because the whole law is too big to understand. And at the same time, ignorance is not good either because that will get you sued.
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1:22:39 "Roughly, I don't know, one and a half milliseconds or so... maybe 1.6 milliseconds of latency..." Elon might as well be a Finnish engineer with such accurate estimates for things he's talking about.
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54:48 "Money is a database for resource allocation" That's a great way to put it in theoretical sense. I've said for years that money is just a loan certificate and a promise to repay the loan in the future. It doesn't matter who took the loan first but the money is promise that the loan will be paid back to the owner of the loan certificate. Once you understand this, it's much more easy to understand how "banks can create money" – that's obvious because banks give new loans so it should be obvious that banks can create new loan certificates. (The history for cash was that Alice needed something from Bob and as Alice didn't have anything that Bob wanted as a return right away, the solution was to create a certificate where Alice promised to pay back the effort that Bob had done. This was basically a contract written on paper with a clause that whoever holds the contract is the target of the pay back. As such, the contract paper was valuable as itself and you could offer such a contract as a payment for whatever work was done for you. Fiat money is just a standardized format of such contracts. And Musk saying that it's just a database of resource allocation is obviously true, too. The more money you have, the more people are in dept towards you and you can get them to do work for you; the more money you have, the more potential future work will be allocated for you.)
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