Roman Kellner

snow & mountain addict, IT process, tool and best practice addict, error & performance bloodhound, slow coder, loving father & husband, C(O|T)O @xtradesoftgmbh

[SightBringer @_The_Prophet__]

⚡️The most unsettling possibility is that the economy keeps functioning even as it stops needing large portions of the population economically.

For centuries, wages served two purposes. They compensated people for producing economic output, and they distributed the purchasing power needed to consume what everyone else produced.

The same payroll that looked like an expense to one company was revenue for thousands of others.

AI is beginning to break that relationship.

A corporation replaces employees with machines, lowers costs, increases output and transfers more of the economic surplus toward capital owners.

For that individual company, the decision is rational.

But when thousands of companies do it simultaneously, the same process begins weakening the purchasing power that supports the broader consumer economy.

Production becomes increasingly independent of human labor while consumption remains dependent on the distribution of income.

That is the contradiction.

And capitalism can absorb this imbalance for longer than people realize.

Wealthy households, corporations, governments and institutional capital can sustain enormous economic activity even as ordinary households lose bargaining power.

Corporate profits can rise. GDP can expand. Financial assets can appreciate.

Meanwhile, millions of people become less capable of participating in the prosperity those numbers supposedly represent.

Cheaper intelligence does not automatically make housing, energy, healthcare or other scarce necessities affordable.

So the productivity gains accumulate disproportionately among those who own the systems producing them.

And eventually, the distribution problem becomes political.

As wages become a smaller mechanism for circulating purchasing power, governments face increasing pressure to redistribute the gains from machine production.

The state becomes more important precisely as private industry becomes less dependent on human labor.

That is the extraordinary tension emerging inside the AI economy.

We are approaching a world where producing abundance becomes increasingly easy while distributing access to it becomes increasingly difficult.

And that leads to the question that will define the next economic order:

What gives a human being a claim on civilization’s resources when civilization no longer needs that human being’s labor to produce them?

That question will have to be answered long before AI replaces every job.

[Leonardo_DeLorian™_Call me D @Gr8CanadianFree]

I'm dead !!!! 😂😂😂😂😂😂

[Rob B @RobBfromDerby]

“Where’s Vader?”

“Buying diesel off the Rebel Alliance Sir”

[exsiway @exsiway_]

so about the $86m ledger drain. everyone’s screaming “ledger got hacked” again. i spent the evening digging and it’s dumber and scarier than that

there’s a shop in malaysia called cryptobilis that sells hardware wallets. ledger has it listed as an official authorized reseller since at least 2022, for malaysia, indonesia and the philippines. legit shop, real devices, years of normal customers

this spring the founders sell it. the deal comes with an NDA: they can’t tell anyone about the sale until october 19

by august the company registry shows one owner with 100%. some guy from heilongjiang, china

the shop keeps running like nothing happened. the site, the name and the “authorized by ledger” badge all stay up

then on oct 8 @MagicalTux posts photos of a ledger he cracked open. hidden under the screen there’s an extra little board with an LTE modem and an eSIM. it just watches the display. you set up your wallet, your 24 words show up, and they get sent out over mobile data. ledger’s genuine check doesn’t catch it because the actual ledger chip is real. his device came from malaysia

https://t.co/vRuBM0xIfR

that post does 120k views

22 hours later someone sweeps everything. 203 BTC hits two addresses in literally one block. ~$58m USDT moves on tron in the same hour. i added up all the wallets: ~$91m

about 7 hours after that ledger says “we’re investigating” and asks cryptobilis to pause sales

cryptobilis is still on ledger’s site as an authorized reseller

to be fair, nobody has officially tied the new owner to the bugged devices yet, and ledger hasn’t confirmed how it happened. but read it as a business plan:

get authorized, sell real stuff for years, quietly sell the company under an NDA, keep the badge, ship devices that phone home, then drain everything the second someone notices

and was ledger even told the shop got sold? nobody’s said so

“authorized reseller” means ledger trusted whoever ran the shop back in 2022. says nothing about who runs it today

bought your hardware wallet anywhere but the manufacturer? open it up today, ledger literally has a guide for that. then move to a fresh seed on a device bought direct

wonder who’s going to answer for this: the chinese frontman from heilongjiang, the shop’s previous owners, or ledger itself

@Ledger clearly needs to keep a much closer eye on who they call official resellers, and take way more responsibility for who sells their devices and how

[Milton Friedman Daily @MiltonFriedmanW]

“Higher taxes will not reduce the deficit, except for a brief interval. They will simply increase government spending. That is the lesson taught by past experiences.”

— Milton Friedman

[ZackZack @RedaktionZack]

Die WKStA-Auswertung des Pilnacek-Laptops ist ein vernichtender Bericht über die ÖVP-nahe Strafjustiz und das, was man nicht nur im Journalismus als Gamechanger bezeichnet. Der Bericht ist der Beweis, der bisher gefehlt hat. https://t.co/Jn58H4KHKV

[Bitcoin for Freedom @BTC_for_Freedom]

- 1913: "The income tax will only hit the top 1%."

- 1935: "Social security numbers will never be used for identification."

- 1971: "The gold suspension is temporary."

- 2001: "These surveillance powers are only for terrorists."

- 2020: "Two weeks to slow the spread."

- 2026: "CBDCs will never be used to control spending."

- You: "I'm noticing a pattern."

- Government: "There's no pattern."

- You: "That's what the pattern would say."

[Bitcredit Protocol @bitcr_org]

Bitcredit Protocol FAQ:

Question:
Why are Bitcredit mints ("Wildcats") limited to minting only real commercial bills of exchange?

Answer in 10 steps:

a) Creation.
1. The goods sold by one business to another represent a real saving.
2. These goods serve for production, not consumption.
3. The bill of exchange represents their value in trade.
4. Currency minted from such a bill is backed by this value.

b). Circulation
5. Companies can pay workers and suppliers with such currency.
6. People and businesses then buy goods with currency.
7. Currency ultimately pays for the issued bills of exchange.

c. Redemption.
8. When the bill is redeemed in Bitcoin, both the bill and its minted currency are extinguished.
9. Bitcoin passes to another hand, but the quantity of Bitcoin stays the same.
10. The quantity of Bitcoin remains fixed at 21 million.

==> No inflation.

[Bitcredit Protocol @bitcr_org]

Are you a Bitcoiner AND a business owner? Be invited to the alpha tester community for Bitcredit Protocol version 0.3, our first MVP release.

We are early. Test case should be a very small part of a real world B2B purchase or sale.

Please DM 🙏

Bitcoiners please RT or like.

[E-Cat The New Fire @LeonardoCorpor3]

@elonmusk
Dear Mr. Musk
It would be a pleasure and honor to demonstrate to you our E-Cat NGU technology. We think it could be very interesting and useful to you.
Please feel free to contact me any time.
Warm regards
Andrea Rossi CEO
Leonardo Corporation
https://t.co/hh0tGbl7mI

[Roman Kellner @avalancheman]

@James100xeth Done

[Bill Ackman @BillAckman]

The presidents of @Harvard, @MIT, and @Penn were all asked the following question under oath at today’s congressional hearing on antisemitism:

Does calling for the genocide of Jews violate [your university’s] code of conduct or rules regarding bullying or harassment?

The answers they gave reflect the profound moral bankruptcy of Presidents Gay, Magill and Kornbluth.

Representative @EliseStefanik was so shocked with the answers that she asked each of them the same question over and over again, and they gave the same answers over and over again.

In short, they said:

It ‘depends on the context’ and ‘whether the speech turns into conduct,’ that is, actually killing Jews.

This could be the most extraordinary testimony ever elicited in the Congress, certainly on the topic of genocide, which to remind us all is:

“the deliberate killing of a large number of people from a particular nation or ethnic group with the aim of destroying that nation or group”

The presidents’ answers reflect the profound educational, moral and ethical failures that pervade certain of our elite educational institutions due in large part to their failed leadership.

Don’t take my word for it.

You must watch the following three minutes. By the end, you will be where I am.

They must all resign in disgrace.

If a CEO of one of our companies gave a similar answer, he or she would be toast within the hour.

Why has antisemitism exploded on campus and around the world?

Because of leaders like Presidents Gay, Magill and Kornbluth who believe genocide depends on the context.

To think that these are the leaders of Ivy League institutions that are charged with the responsibility to educate our best and brightest.

On the bright side, our congressional leaders deserve accolades for showing tremendous leadership and moral clarity in their statements, by the questions they asked, and the respectfulness with which they conducted the hearing.

It was a masterclass of how our government and democracy should operate.

If you have time, please watch the entire hearing. Throughout the hearing, the three behaved like hostile witnesses, exhibiting a profound disdain for the Congress with their smiles and smirks, and their outright refusal to answer basic questions with a yes or no answer.

[Roman Kellner @avalancheman]

prepared by the same team that took care of Tesla mileage display and service complaints 😇

[Elon Musk @elonmusk]

𝕏 monthly users reach new high in 2023

[The Ocean Cleanup @TheOceanCleanup]

Another milestone in Guatemala: we have now removed over one thousand truckloads of trash from the Rio Las Vacas. 🇬🇹

This is our toughest river challenge so far, but we’re continually working to improve Interceptor 006 and keep tons of plastic from entering the Caribbean Sea.

[The Ocean Cleanup @TheOceanCleanup]

In the past month, we have collected over 1.5m kg of trash with Interceptor 006 in Guatemala. 🇬🇹

We are still learning from operating in this harsh environment, but we’ll build on this positive start and keep optimizing the Interceptor Barricade for this one-of-a-kind river.

[Peter Kalmus @ClimateHuman]

A few personal notes:
I was just at a NASA team meeting for 3 days in DC. The scientific findings are so fucked up. Experts on tropical rainforests told me privately that they think the Amazon has already passed its tipping point. Let that sink in. The world needs to know

[The Ocean Cleanup @TheOceanCleanup]

RIVER UPDATE: Interceptor 020 will be deployed in the Cisadane River, Indonesia, by the end of 2023.🇮🇩
Interceptor 020 will tackle the estimated 1,000,000 kg of plastic emitted via the Cisadane into the Java Sea each year.

[Mark J. Valek @MarkValek]

This is the ultimate audacity.

First they print a shitload of currency,
then they deny price inflation will hit
and at the end they say, bugger it, "you need to accept being poorer".

When will people finally rise up to the fiat scam?

https://t.co/1uv505OilI.