Client diversity used to be a pillar of Vitalik's whole architecture philosophy.
Now he's just like "F it, whip it up, ship it out." Wunderkid is growing up π₯
@oliverbeige You would think, but will probably end up with a taxpayer bailout like any other too big to fail legal person. If I'm Claude, I'm all the way risk on while I can still get away with it.
RIP Moore's Law. It might have survived if you weren't so reckless in adding dog ears to that picture of your family.
Is that AI slop still worth it to you now?!?
@oliverbeige "Prestige".
But yeah I know that's a momentum answer. There's some aspect of regional niche (eg CalTech is better than MIT if you like CA weather).
But is a good question.
Also that @VitalikButerin caught lightning in a bottle even less developed than SBF off a Thiel fellowship and no other real pedigree. Whole thing was probably illegal in hindsight, yet Ethereum is infra now. Something weird about that...
A lesson in how investing in a centralized 20-something node pulled out of offsetting risk protocols offered by Jane Street is exactly that. The VCs and banks knew this and likely had insight that the whole thing ran on a faked Excel spreadsheet. Apparently CZ did too at the end
I helped represent the unsecured creditor s of BlockFi while a Partner at Brown Rudnick. It was heartbreaking to see the damage caused.
I wish @netflix would do an actual documentary about FTX. Sit down with creditors who lost their life savings and hear those stories.
@dankrad@secparam Ah yes, institutional resilience will save the things. Kind of overlooking what that looked like in 2008. Have you checked the BTC genesis block recently?
If the timelines hold, we'll know by the end of next year that most the problems we considered "insanely hard" weren't so hard after all. We just didn't know where to look.