@JStein_WaPo The way that you now wake up and check your messages on multiple platforms, in the future, you’ll wake up and have various financial transactions that happened overnight, some with people you’ll never meet in real life, from communities that are now under- and un-banked.
@Citrullin@LefterisJP@griffgreen@ChrJentzsch interesting paper. big implications. some of this is immediately applicable imo. disagree with a few assumptions, so I need some more time to ingest and process. powerful outside-the-box thinking nonetheless. well done.
@nic_carter@Julian__Fahrer don't accept the 'illicit' framing. it's a canard on its face. something is illegal (defined, with recourse) or it's not. 'illicit' is a fake word governments and institutions use to manufacture consent and claim powers they don't rightfully have.
@nic_carter@CaitlinLong_ stablecoins are authorised USD licensees. not quite franchises, but not far off. home office still directs usage, profits are privatised + treasuries demand. that's not a bad thing, as long as anyone can play. it is a bad thing if you're worried about OC 3.0 along any vector.
@arx_void@flipdazed which parts can be modified to affect the prevailing economics? the eip1559 protocol behavior is largely either hard coded or dynamic. base fees are always dynamic within a range. gas limit can be adjusted slightly by validator vote.
@econoar@TrustlessState i thought we were here for the values. i'm not going to argue against money, but the vision that drew me to Ethereum from "Into the Ether" and early "Bankless" was always Ethereum is the long bet for humanity.
look around. we need Ethereum values now more than ever.
@arx_void@flipdazed except when the network is busier, the burn of base fees rises significantly. this is why ETH has gone deflationary when the network has been busy.
@drawandstrike@Heavenly_Race_ sure, it can be done. people do it all the time. but it's exhausting and the range on conversations are invariably limited. it's not something you would want to do any more than you had to.
@econoar these are the middle innings.
the endgame comes when power and tech and money accrete
so completely that only the decentralised, permissionless, censorship resistant foundation of Ethereum will stand as a bottom-up, orthogonal alternative.
the hyperstructures are coming.
ethereum isn't a fucking company and you don't "fix" it by building a $1b command center with a board & a mandate to pump eth. the moment you route staking or fee revenue into a central org "aligned with price", you've built a capture machine and called it accountability. that's _not_ alignment, that's governance gravity - power concentrates, others defer, and it slowly becomes the system's real control layer. cypherpunk systems don't win by optimising some retarded balance sheet, they win by resisting control, staying permissionless, and never creating a single point of pressure, bribery, or capture. period.
@ChrisJamesB5@IanCarrollShow they still might. but even if Massie inexplicably turns heel like Trump, his record and the fact that the people who bankroll (read: own) Trump are spending upwards of $20m to unseat him is a pretty good indicator he's not the psyop we need to worry about.
@toly@TrustlessState the last time these clowns passed a budget was 1996. for THIRTY YEARS they haven't done the single most important thing they've had to do. we shouldn't be talking salary increases, we should be talking clawbacks.
@TrustlessState the problem is that it isn't an either/or proposition and there's literally nothing stopping them from taking a hefty salary and continuing to take the donor money in route to the eventual phantom board positions after they leave office.
@amuse@pmarca legit concern: what happens to electricity prices when the data centers suck up capacity in the interests of national security? the second order impacts are stark.
$500B for AI infra... how much goes to new energy? things like thorium reactors are still taboo? uneven thinking.
@ColonelTowner the Sukarno story is hilarious. apparently when they threatened him with exposure, his response was to request hundreds copies so that he could show it in every cinema in the country lol.
@DavidWitko@support_huihui send "/no_think" as the first command. as long as you're using the same KV cache for the entire session it should hold. if you're using crewai or smth you're likely limited to instruct models.
@iampaulgrewal you're giving away the financial farm and resigning crypto to second class financial products, somewhere just north of rewards points and airline miles.
having no deal is better than this deal. because this deal, at best, shackles finance crypto for a generation.
@ryanberckmans ETH is valuable precisely because of its decentralisation. ETH will continue to accrue value precisely to the degree that it remains decentralised, permissionless and credibly neutral. these are not maxi positions. it's ETH's entire value proposition.