Bill Gates, Warren Buffett, and all the Giving Pledge billionaires, should rather do what Peter Thiel does -go investing their cash and/or (liquidated) fortune in futuristic projects. – [VIDEO]

This morning, I wrote that I disaprove Bill Gates and Warren Buffett&#8217-s Giving Pledge operation, because I rather favor billionaires investing in young startups lead by visionaries. Well, just after the publication of that post, I stumbled on the &#8220-Audacious Optimism&#8221- event, which satisfies my request.

The Thiel Foundation is encouraging philanthropists to donate more money to scientific pursuits that could lead to big breakthroughs in medicine, artificial intelligence, and nanotechnology, among other fields.

Note that Peter Thiel draws a distinction between “extensive” technologies, which “take things that are working and replicate them&#8221-, and “intensive” technologies, which try to “take the things that are best in the world and make them qualitatively and dramatically better&#8221-.

A young Hanson fanboy tries to build a new civilization that would float somewhere on the Ocean, far away from the supremacy of law… and, in the process, lashes out at his like-minded libertarian fellows operating in think tanks and political parties.

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He defines &#8220-libertarian folk activism&#8221- (i.e., the activities of the free-market think tanks and libertarian politicians):

Folk activism broadly corrupts political movements. It leads activists to do too much talking, debating, and proselytizing, and not enough real-world action.

He asks the libertarian people to stop investing in ideas but, rather, in actions:

If a fraction of the passion, thought, and capital that are wasted in libertarian folk activism were instead directed into more realistic paths, we would have a far better chance at achieving liberty in our lifetime. We must override our instinct to proselytize, and instead consciously analyze routes to reform. Whether or not you agree with my analysis of specific strategies, my time will not have been wasted if I can get more libertarians to stop bashing their heads against the incentives of democracy, to stop complaining about how people are blind to the abuse of power while themselves being blind to the stability of power, and to think about how we can make systemic changes, outside entrenched power structures, that could realistically lead to a freer world.

Cato&#8217-s Tim Lee rebuts his ideas.

His own daddy rebuts his ideas, too:

My conclusion is that while something like seasteading or crypto anarchy may indeed be the most hopeful path to a freer future, those are not the only sorts of approach worth attempting. An alternative, for academics, authors, newspaper columnists, anyone able to produce ideas and information and put them into circulation, is to try to alter the mix of free information that drives the coarse control mechanism of democracy.