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Good take
My guess is
- demand for intelligence is near infinite
- but 80% of workloads will be running on 99% cheaper models within 12-18 months
- 20% of workloads will still run on latest gen models where IQ maxing is important (scientific breakthroughs, higher level ochestrator agents?)
- rough analogy might be what % of macbooks or gaming PCs sold have the maxed out specs for CPU/GPU, prices are falling much faster than Moore's law here though
- this leads me to think the limiting factor will be energy and compute, not better models
At Coinbase we're working hard on routing prompts to cheaper models where appropriate, and in some cases have been able to keep costs roughly flat, while token usage continues to grow exponentially.
The kind of migration that Zcash is going to execute this summer to post-quantum ready, formally verified , supply verified cryptography is something every cryptocurrency will have to do in next 3 years and Zcash will do it all in a month or so.
idk about percolator-cli but
Found a subtle lifecycle bug in percolator-meta.
“genesis finalized” was being treated as “safe to unlock Percolator admin powers.”
But those are not the same thing.
Finalized means the vote/reward distribution is complete.
It does NOT necessarily mean depositor principal has already been recovered from Percolator.
That creates a dangerous timing gap:
1. Genesis deposits go into Percolator
2. Vote finishes
3. Distribution is triggered
4. Genesis is finalized
5. Admin proxy unlocks
6. Principal is still outstanding
7. Governance can mutate Percolator policy before recovery runs
The bad case we reproduced:
After finalize, governance forwards UpdateInsurancePolicy and sets insurance_withdraw_max_bps = 0.
Then permissionless recover_genesis_market runs later…
and recovery fails.
The fix is conceptually small:
Do not unlock the Percolator admin proxy just because genesis is finalized.
Unlock it only when:
finalized == true
AND
outstanding_principal == 0
In other words:
finalization completes the reward decision.
principal settlement completes the capital-risk lifecycle.
Those two state machines should not be collapsed into one boolean.
Users who interact with a misleading post that is subsequently corrected by @CommunityNotes will receive an 𝕏 Chat message of the CN to correct any misperception
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🌍 Support @AidDropOrg! 🪂
Help us provide transparent, fast, and secure relief globally via blockchain. 💎
Donate here: 👇
💎 ETH: 0xbcd4a6fae95859805c0057754ff69e3fb65c5851
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Together with @zodl_co, @ZcashFoundation, @ValarGroup and @ShieldedLabs, we're advocating for a network upgrade that would make ZEC's circulating supply auditable, providing additional reassurance that no counterfeiting occurred in the Orchard pool before this week's bugfix.
https://t.co/uPeinopdgf
Thomas Sowell: “It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.”