404Embassy
404Embassy
“The Government Is Not Your Friend”: Lou Kerner on Building the Largest Network-State
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“The Government Is Not Your Friend”: Lou Kerner on Building the Largest Network-State

How Lou Kerner went from building Bolt to backing Facebook—and now funds decentralized IRL.

Governments print money, rewrite rules and—according to Lou Kerner—slowly strangle innovation.

So he started something else: CryptoMondays, a 60-city IRL network-state for crypto nomads.

In this first episode of the 404Embassy Podcast, we unpack:

• Why Lou’s only two thoughts on government are “not our friend” & “tomorrow it’ll be worse.”

• The Value-Delta equation that explains religions, Facebook and Web3 cults.

• A $1 M Bitcoin price target by 2031 (and why the volatility is just noise).

• MonDAI – an open-source agent that matches meetup guests better than Tinder.

• Ethereum’s ethos vs Solana’s money-pivot, and why both matter.

• How spraying 1 400 startup bets beats picking winners.

> Guest: Lou Kerner — Partner @ Blockchain Coinvestors, founder of CryptoMondays.

> Host: Ray Svitla — rogue researcher @ 404Embassy.

00:00 – Cold-open: “The government is not our friend”

03:05 – Capitalism = Bubble → Crash → Bubble

05:55 – Community & the Value-Delta equation

08:40 – Decentralization & the CryptoMondays model

11:47 – Governments in crypto: incompetent or hostile?

13:50 – Public goods, Bitcoin & community trust

16:10 – War for the soul of humanity: FAMGA vs Web3

18:40 – Social media, engagement & algorithmic decay

21:00 – Investing via spray-and-pray (1 400+ bets)

23:40 – AI + Web3: stablecoins, agents, micro-tx future

26:30 – Ethereum vs. Solana: ethos or money?

29:00 – Final thoughts: “You're either growing… or dying”

🔗 Full transcript, charts & bonus briefs: https://embassy.svit.la/

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