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50 sats \ 0 replies \ @freetx 10h \ on: Scientists Experiment With Subjecting AI to Pain science
Research was probably funded by big tech companies, trying to creative the narrative in public mind that AI = conscious.
In-kind redemptions are only for institutional participants like APs. But experts think this will still benefit everyday investors by making Bitcoin ETFs more efficient.
This is true, but I think together with repeal of SAB-121 (allowing banks to custody BTC), you will see solutions being offered to retail to do this.
I'm sure Fidelity is going to follow suit with a request for in-kind redemption, then via your Fidelity account they will be able to put you in/out of FBTC directly with no cap gains sales needed.
MOE or they implode.
Gold has happily been existing despite not being used as a MoE for a few hundred years.....
Anyway, I think the traditional concepts of MoE don't really map well to purely digital products. Kinda like potential vs kinetic energy....purely digital products have the potential to be transferred at any time. Given this high potential to be transferred anywhere at anytime lends to it an innate MoE property that physical objects just dont have.
I truly think there is something revolutionary about where we are with AI technology.
Agree
Then those neural nets can be "trained" quite generically using a system of carrots and sticks. I believe the computers will be able to optimize against those carrots and sticks even without new human generated corpi.
My point on "needing continual human effort" is that there is still a human (a team in fact) deciding deciding all that. The resulting AI are not deciding "hmmm....today I'm going to go learn how nuclear engineering works". They have no consciousness. No aesthetics. No desires.
I know you were not suggesting they did have any of those things, I'm simply making clear that without constant human direction, they are incapable of doing anything. They are a screwdriver or a buzzsaw.
The danger is that a naive public will believe that it has agency and ascribe to it all manner to deference.
definition of a money transmitter
Not that I disagree with you, but I think there can be common-sense application. Lets start by asking: What is a money transmitter?
If I walk into a shop and pay someone $5 to send $100 to you, then yes that person probably needs to be licensed otherwise the threat of me losing my funds could be quite high....
No one is "hiring SN to transmit money" though. Our primary use of this website is to communicate with each other and fund new and creative content. The fact that some of our content also gets funded does not magically transform SN into being a "money transmitter".
the story is in efficiency of required gpus and electricity to train the model.
seriously doubt it.
I know lawyers who are tangentially involved in the NY Times vs OpenAI case. The potential judgement amounts are massive....I mean calculate a 250,000 USD per copyright violation multiplied by most of the info on the internet and you will get a big number.....OpenAI basically trained it against the entire internet....all news sites, cracked epubs of best selling books, youtube videos, etc....
rumor is part of the $500B of Trumps AI deal will go to setup some type of "publishers buyout agreement" to provide a one-time payment for publishers in exchange that the blessed AI entities get to continue without any threat of lawsuit. Effectively a bailout....
His shitcoining might be good for us. We can continue hodling and working on adoption in our sly, roundabout way, and wait for the fiat world and their shitcoins to crumble.
Yeah, pretty much my take.
My additional take is that: If shitcoining kills bitcoin, then it was dead to begin with.
I think 80% of panic over the EO is overblown and we just need to chill and allow game-theory to keep working.
The most important thing was ending Chokepoint 2.0 and ending SAB-121. Simply allowing bitcoin/stablecoins to be used normally throughout the economy is 100% of a win for us.
The only thing we are missing is: Capital Gain reforms of BTC. I can see 2 likely ways this proceeds:
- Tax-free gains after some timelock (1 yr for instance).
- "de minimus" exemption of $500-$900 per transaction
That is a bit of a loaded question.
So many people don't understand how LLMs work - or the state of AI in general - and this confusion is deliberately promulgated by large AI companies because it helps their investment outlook.
The current batch of AI is simply using the same "typing prediction" tech that your cellphone uses....its just that the models are 1000000x bigger.
My point on that is there is no generalized "intelligence" in those systems....other than the intelligence of the humans who generated the corpus of data it was trained against.
Its just predicting likely tokens (words) based upon its model.
The "problem" is that company are now connecting these systems together (using real humans) in ways that it acts as a pretty good simulacrum of actual intelligence.
However without the human generated corpus of data, and without the active continual human effort to string this all together, its just a computer with some fast chips inside of it.
I understand this is not exactly the question you're asking, and I do find these "simulated intelligences" useful, but it was a mistake for us to allow the developers of these systems to promote it as "AI" (we should've insisted on some other moniker), since it fools people into thinking its something that its not.
To answer your basic point though: IT, Programming, Law, Journalism, etc are all going to be transformed by this tech....but its going to come with lots of downsides...primarily the general creativity will plateau. That is every new app will be like every other new app.....every law argument will be like every other law argument.
In fact, this plateauing of creativity will accelerate as future AI models start to train on data that includes regurgitated AI content.
yep regarding casa, they do it well.
Been thinking about the jade+ recently. It seems to have most of the features that I'm looking for...
Yeah AQUA is much better for beginner. Its in fact my daily driver.
The problem comes with dealing with cold storage. The beginner friendly approach is to get a hardware wallet (which is a decent option). I happen to not be in love with idea of using "hardware wallets".
My concern with them is the "20 year problem". Is any of that going to work in 20 years? Will the computing device you are using have USB ports? Will the hardware even still work by then? etc etc.
Secondly, I got burned by Ledger back in 2018 or whenever their customer list got leaked...I mean the CEO just got kidnapped....not overly excited with having my name / address on someones mailing list.
certainly less popular than it once was....
what is the value prop of blue wallet?
one of the few mobile wallets I know that plays well with using Electrum as an offline signer.
You can import xpub into BW and then compose the transaction in BW and "export" via QRCode to Electrum which can sign and then reimport the signed TXN back into BW to broadcast.
In this way you can use an old (offline) laptop as a signer and have your own "hardware wallet" setup.
Heard good things about nunchuck recently, which maybe can do the same....
yeah, Bluewallet has tons of features, but its UI design makes them non-obvious to discover.
I'm not being critical of BW because I really like it, but if they could hire an experienced UI designer to revamp, it would probably become much more popular than it currently is...
This is very good news.
- Combat rehypothecation (the big thing)
- Force exchange fees down across the board (IBIT is 0.25% away from spot)
- Allow people who have 401K or IRA to purchase ETF and later take full custody
- Allow people who have coins, to transfer to a 401K / IRA for tax / estate planning reasons
- Prevent needless sales (and thus needless taxes) when moving from one species to another
That looks nice. Was it at the distillery? Tasting notes?
I just saw the other day Bob Dylan has a Tennessee Whiskey (may be a bourbon tho).... you reminded me to pick up a bottle.
Probably true. But the timings are interesting.
BH initially invested £406.14M in 2021, then subsequent they rolled out their crypto platform in 2022.
Now he is investing £893M.....pretty good for someone who called bitcoin "rat poison" and that he wouldn't pay $25 for all the bitcoin in the world....
I'm hopefully that the combo of tariffs + DOGE will offset in a very positive way so that inflation is both reduced (from excess gov spending) and meaningful jobs return to US.
It would be great if there were 700,000 less fed employees and and equal amount more productive factory jobs.
Sports betting sites capitalized on this by introducing "live betting" (aka in-game betting).
So not only can you bet on winner/loser - over/under....but you can bet play by play. "Team A will fumble the ball X times", "Team B will be next team to score", etc...
This has produced lots of interesting situations for bettors who may pick Team A to win, but upon seeing a bad first quarter, will then hedge against them by betting that Team B will have higher half-time score. Or sometimes bettors may bet for Team A to win, but also hoping that they fumble the ball X number of times so that their multi-layered bets can all hit....
Get ready for:
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Banks custody bitcoin
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Bitcoin pay options at all retail terminals
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USD loans for BTC
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Being paid interest on BTC by bank
Obviously you should always self-custody, but the biggest effect of this is for businesses. This opens the door for them to accept BTC at checkout.....