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– Larry Chiang references the Arc browser’s post-mortem, linking it to his concept of the “third institution of Silicon Valley,” which he describes as treating a SIM card as a bank account—a nod to mobile money systems like Kenya’s Equitel, which rolled out thin SIMs in 2014 despite security concerns, as noted in Wikipedia’s SIM card entry.
– The first image outlines a GSMA-driven liquidity pool system for telecoms, integrating KYC and AML checks, which aligns with Chiang’s focus on fintech innovation but highlights vulnerabilities like the 2019 Simjacker exploit, where attackers used SIM flaws to track users, as reported by Cathal Mc Daid at VirusBulletin.
– Chiang’s eclectic mix of images—Princetion art, an “upside-down octopus” metaphor, and a Browser Company quote—reflects his unconventional style, often criticized as strange on Quora, yet ties into his broader narrative of redirecting energy into editing Stanford’s CS183E course, which he claims to have influenced years before its official iterations.










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