It is beyond my paygrade to think about such affairs, but Jensen being ousted also means open source losing its champion. The advocates for closed source AI like Anthropic and OAI have clearly indicated that AI is too dangerous for the masses - only a select anointed ones like them should hold control over AI.
This should scare you.
What this means for you and me is that we become merely cattle. The average model is now more intelligent than an above average human. Post ASI, there is no competition.
With closed source AI, the masses lose their individual sovereignty. Have a think what that means for you and your country.
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We've derisked quite a bit. After derisking higher we kept re-adding. That has completely stopped.
This isn't purely an alpha based call. I don't have a good read on the market, we're up a lot into year end and want to crystallize gains, and I'm worried about what's coming.
Short term, crypto may be uninvestable. Democrats are probably going Gensler 2.0. There are plenty of nasty outcomes:
- DATs made illegal and forced to unwind
-Warren Banking Oversight
- Protocols pushing memecoins getting prosecuted
- Privacy tokens treated as hostile
Mid to long term, this is obviously a net good for Bitcoin. Democrats will likely accelerate spending and fiat debasement, and the industry may come out better once it gets "cleaned up."
Expect a tremendous amount of volatility. It will present incredible buying opportunities.
Note: The democrats cannot replace the CFTC chair who has been ruling favorably for stock perps and DeFi generally, so some assets may not be totally evisercated.
@koolkrypto223 I dumped it all few days ago, this is not environment for that kind of plays. look at avax price action - big news -> price drops next day