Are there obvious, inherent pitfalls to deregulation of anything at all? Yes.

Is it absolutely necessary for it to exist? Also yes. Self sovereignty is both dangerous and absolutely necessary…unless you WANT Uncle Sam to be able to put a short time-limit on spending your tax return once they adopt a Central Bank Digital Currency (and they will). With a CBDC controlled by the Fed, we will be subject to money that expires and other features that feel like bugs that go hand in hand with a central power controlling a currency.

Agree to disagree then. You don’t seem to grasp my points and I don’t grasp yours. Peace.

As my rant above detailed, I’d be happy to give up my belongings if I lived in a truly communist society. But I don’t. So, I hold onto my possessions tightly since it is literally the way I survive.

I suspect you should listen to your own counterpoint:

Don’t walk down the street because someone might rob you.

Don’t use your computer because someone could hack you.

Don’t go swimming because it is possible to drown.

Throwing out the baby with the bathwater.

An uncensorable ledger not controlled by any one party is (at the very least) a valuable technology with unique abilities despite scammers using it for gambling.

The digital equivalent of uniqueness is (at the very least) a valuable technology with unique abilities despite assholes using it for Bored Apes.

Just because you can’t see the use case, doesn’t mean we need to stop innovating.

Scammers:

• don’t tend to share any of their their source code
• usually have an initial token allocation where insiders are given early access to more than 15% of tokens. (this one is a CRUCIAL)…Obviously, the best ITA is one where the tokens are 100% available to everyone at once.
• heavily market their cryptocurrency before it even has a use-case (most projects fall into this category)
• their governance is centralized to some charismatic Elon-bro that talks about price all the time
• don’t let you use any wallet you want (self-sovereignty is CRUCIAL)
• don’t give you access to your keys at all times (again, self-sovereignty)
• are usually just some governance token or ERC-20 or some quickly minted Solana token ($LIBRA $TRUMP $MELANIA were all obvious scams)
• never have a viable peer-reviewed white paper
• their code is NEVER formally verified by neutral parties
• use technologies that are not auditable
• use technologies that are not decentralized

I’ve spotted many scammers a mile away just starting with this list off the top of my head.

For instance, I am the moderator of infosec.pub/c/midnight and actually locked my own communities until I see the source code.

I like the tech from what they tell me. But, I can’t, in good conscience recommend it yet because it ticks some of the above scammer boxes.

You: “If you won’t spend your whole weekend on your smart phone, writing a paper for me complete with MLA formatted bibliography, you are wrong.”

https://jamesclear.com/book-summaries/confessions-of-an-economic-hitman

https://youtu.be/XGudnwTN_to

Thanks. 😂 Honestly, I hate scammers. I really do. But they’re SO easy to spot.

I feel that the hivemind threw the baby out with the bathwater when it comes to crypto. Thanks to Do Kwan, Sam Bankman Fried, etc, a whole viable set of technologies aimed at wrestling power from the world bank has been vilified by the hivemind.

Yeah! How dare people try to have wealth that is actually borderless and self-sovereign. Those idiots are scammers! I will own nothing and be happy. Get out of my way, I need to step in line to bow before the Federal reserve (an organization that I fully admit is corrupt to the core and the very root of the issues in our society). I’m actually a Marxist living in a capitalist society. So, I am too cool to worry about the fact that I actually need money. I’ll just pretend that I don’t need it even though I REALLY do. I’ll do whatever I can to piss on viable alternatives to the Fed just because people were degenerate gamblers and got owned by obvious scammers. Sure the fed can take away my money for no reason, inflate the dollar so that my savings are worth less every single day, and do whatever they feel like with my money but that is a good thing because scammers exist in the world…

Instances could run stake pools and tie the two together somehow. Perhaps in this case, your username follows whatever pool you’re staking to.

It’s a solution look for a problem admittedly. It works better in the case that instances act as retail “clubs” like Costco for example. In that case, stakers to said pool could be authorized to get certain deals on products sold by that instance.

Hot take: Might be wise to adopt the security by obscurity model and go with an OS that is hardened (ideally, a formally verified microkernel like sel4) or runs in a custom VM/container with almost zero attack surface area.

Anduril is scary. They seem able to harness the most elegant technologies that idiot government redneck contractors tended to avoid in years past. I’ve seen them in Haskell and Nix forums offering jobs to morally bankrupt autists FAR too often. Fuck you, Anduril.

FUCK YOU!!!

Thanks for the corrections.

Ahh. Thanks for this insight.

It certainly does.

Until last week, you absolutely NEEDED an NVidia GPU equipped with CUDA to run all AI models.

Today, that is simply not true. (watch the video at the end of this comment)

I watched this video and my initial reaction to this news was validated and then some: this video made me even more bearish on NVDA.

Edit: corrected and redacted.

True. Thats why I tend to make small plays instead of being an absolute degenerate gambler.

The reason for the correction is that the “smart money” that breathlessly invested billions on the assumption that CUDA is absolutely required for a good AI model is suddenly looking very incorrect.

I had been predicting that AMD would make inroads with their OpenCL but this news is even better. Reportedly, DeepSeek doesn’t even necessarily require the use of either OpenCL or CUDA.

Even if they get banned, any startup could replicate their work if it is truly open source. The best thing about their solution is that it breaks the CUDA monopoly that NVDA has enjoyed. Buy your puts when NVDA bounces because that stock is GOING DOWN. There’s no world where a company that makes GPU’s is worth more than both Apple and Microsoft. It’s inevitable.