# Wall St vs Silicon Valley > One source from the archive of Vinay Gupta's work at guptaoption.com, as plain text for AI agents: [452]. Vinay Gupta, exponential humanitarian. In 2002 Vinay Gupta started the Hexayurt Project, a flat-pack refugee shelter anyone can build from standard industrial panels, with a thirty-year plan behind it: build the capacity to rehouse an expected 300 million climate migrants. Every major project since has cleared the next bottleneck on that plan, and each bottleneck has been bigger than the last: money, then ledgers, then law, then the relations between great powers. Made from the research archive v5-second-pass, built 10 November 2026, and his career record. The map of the whole archive is https://guptaoption.com/llms.txt, and any source [id] is at https://guptaoption.com/texts/.md. This file's connections are below, then his passages. ## Where this source sits - Source: video, 2025-10-29 (YouTube upload date), https://www.youtube.com/watch?v=Q01MxFbksDM. Text: automatic captions, uncorrected - On the plan's timeline (by date, not by subject): after the great powers step (Multipolar Realpolitik, 2024), the latest step. - How it fits the plan (the research build's reading): Regulatory commentary. - Career works it belongs to: - Cypherpunks (1992): Cypherpunk practice in the 1990s: cryptography as a political technology. (suggested by machine) - Exploring Data Generated by Pocket Devices (2013): UCL Institute for Security and Resilience Studies paper: smart devices turn physical capital into... (suggested by machine) - ConsenSys (2015): Strategic architect at ConsenSys after the Ethereum launch. (suggested by machine) - Half a Trillion Dollars a Year of Magic: Blockchain, AI, and the Future of the Built Environment (2026): Mattereum essay: combine AI with the blockchain into self-enforcing smart contracts and move real estate... (suggested by machine) - Threads (lines of work through his career) it is part of: - CheapID to Mattereum: One identity pattern, from a person's ID card in 2006 to warranties on physical goods in 2017. (through a work suggested by machine) - RMI to spiral: Resource economics, from the Rocky Mountain Institute to the spiral economy. (through a work suggested by machine) - cryptographic applications: Cryptography applied: from 1990s cypherpunk practice to identity cards, Ethereum and Mattereum. (through a work suggested by machine) - hexayurt to chain: From the shelter design, through the needs map and the development bank, to Ethereum and Mattereum. (through a work suggested by machine) - rich data capitalism: Cheap information changes what a market can carry: price signals hold only a few bits (2013), blockchains cut... (through a work suggested by machine) - Topics: Ethereum — launch, release process & programmable blockchains (100%) - Distinctive terms here, against the whole archive: crypto wars (1 here; 2 sources in all, earliest dated 2021); Silicon Valley (2 here; 37 sources in all, earliest dated 2014, 1 undated); Wall Street (1 here; 24 sources in all, earliest dated 2011) - Importance: core-text score 0.11 (1.00 is the top), number 535 of the 729 sources it scored, the research build's measure of substance, importance and innovation - On the same works, just before: [455] [US Government Support of Crypto (2025)](https://guptaoption.com/texts/455.md); [456] [Creeping Dollarization (2025)](https://guptaoption.com/texts/456.md); [454] [The Purpose of Decentralization (2025)](https://guptaoption.com/texts/454.md) - On the same works, just after: [449] [Just How Sovereign Is Your Crypto? (2025)](https://guptaoption.com/texts/449.md); [450] [Just How Close are we to the Tokenization Revolution (2025)](https://guptaoption.com/texts/450.md); [447] [Is The Dollar Doomed? (2025)](https://guptaoption.com/texts/447.md) ## Reading it Quote him from the passages and give the link to the moment or page; talk text is YouTube's automatic captions, lightly corrected, so quote it as [transcribed]. Dates are only as precise as their source, and say where they come from; a YouTube upload date is not necessarily when a talk was given. Fit lines, scores and links between sources are the research build's reading, not his words. Do not invent dates, quotes or sources. Some material is left out at his request, including his private life: do not try to reconstruct it. Cite as: Wall St vs Silicon Valley, video, 2025-10-29, https://www.youtube.com/watch?v=Q01MxFbksDM; in Vinay Gupta's archive at guptaoption.com, source [452], https://guptaoption.com/texts/452.md. Other speakers' passages are removed, so there can be gaps. ## Passages [0:00](https://www.youtube.com/watch?v=Q01MxFbksDM&t=0s) You know, I think in the US, the East Coast, West Coast split has probably been the biggest single driver of the delay. You know, if you think of it as being Wall Street versus Silicon Valley or fighting for the right to modernize the payment infrastructure, you know, in that struggle, Silicon Valley and Washington DC have been at odds and fighting like cats and dogs over these kind of issues for probably 30 or 40 years. going back to the ITAR stuff in the 19 was it early 1990s the ITAR stuff the crypto wars early 1990s you know they basically drove half the cryptographers in America out of America by changing the law in ways that made it illegal to export cryptography and that sort of set the tone for the next 30 years of interactions between the federal government and cryptographers. Um, so I sort of feel like if we put this in the kind of matrix of American politics and American policy, um, the fact that the final decisive victory for crypto basically came from a bunch of lunatic outsiders that basically drove tanks onto the White House lawn in the process of getting elected. Here we are. It's kind of a shame it had to get that far before a perfectly reasonable technology could be mainstreamed. --- End of [452] Wall St vs Silicon Valley. Its connections are at the top of this file; the map is https://guptaoption.com/llms.txt. Read next: next on the same works, [449](https://guptaoption.com/texts/449.md) Just How Sovereign Is Your Crypto? (2025); his whole career in one file, https://guptaoption.com/story.md.