1/ Published the paper on Scalable Reward Distribution on #Ethereum - my recent (intermittent) side project. It's a simple yet clever way of accounting rewards or dividends to be distributed proportionally to token holders. https://t.co/kL4PZVr1gn
Americans bash EU recently, but what are the facts?
🔪 Murder rates: US 6× higher
🎓 Student debt: US 12× higher
🏖️ Paid vacation: EU 20 days, US 0 days
🤰 Maternal mortality: US 3× higher
🍔 Obesity: US 2× higher (40% vs 19%)
⛓️ Prison population: US 5× higher
💰 Government debt: US 121%, EU 82%
💊 Drug overdoses: US 15× higher
👶 Paid parental leave: EU 14+ weeks, US 0 weeks
🏥 Medical bankruptcy: 530k US families/year, EU ~0
🚄 High-speed rail: US 80 km, EU 9600 km
⚡ Renewable electricity: EU 47%, US 22%
🌍 CO₂ per capita: US 2.5× higher
🚗 Road deaths: US 2.8× higher
🏗️ Workplace deaths: US 2× higher
AI demonstrates the sunk-cost fallacy perfectly: Just one more "this doesn't work!" prompt, you think, and it'll fix it!! But often it won't, and now you've wasted 30 minutes begging that you could have spent learning how to actually fucking do it yourself.
As someone who spent a few years in payments:
1. Stripe takes this much for small businesses. For large companies it’s less! It’s why eg Amazon uses Stripe vs building their own credit card processing!
2. Building *just* credit card processing is very expensive (cont’d)
How do we ensure we ll have a personal AI assistant that does things online for us, and that is really considering our own interest (versus the interest of AI assistant provider)?
Advertising will become invisible to people.
Companies will start creating ads for your AI agent to consume, not you.
We'll all have AI assistants that'll make decisions and purchase the items we need.
We won't have to sit through a 30-second ad video anymore. Instead, companies will advertise in a language/manner that AI assistants understand. They will be the ones making purchase decisions.
If you studied algorithms, I'm sure you've heard of Dijkstra’s algorithm to find the shortest paths between nodes in a weighted graph. Super useful in scenarios such as road networks, where it can determine the shortest route from a starting point to various destinations. It's been the most optimal algorithm since 1956!
Until now.
The O(E + V log V) complexity just went down to O(E log^(2/3) V) for sparse graphs.
It would be amazing if this kind of breakthrough came through AI that can code but I guess we're not there yet..
The US spends a small amount of its GDP on foreign aid compared to other major economies. Dismantling USAID won’t help Americans — it’s just cruel & reckless political theatrics.
My @Morning_Joe Chart
Shutting down USAID is not about efficiency—it’s about undermining America’s global leadership. USAID counters extremism, fights diseases, and creates more markets for U.S. exports. This is reckless and dangerous.
@GergelyOrosz Now add privacy into the mix: when you purchase online you get additional protection but give away more of your data (address, etc) vs in person where you can actually buy your item with no digital footprint. Why can t we have both privacy and protection? Tech allows it
Must solve, but takes longer:
- privacy
Vision:
- onchain corporations, all businesses will be on chain, all payments too from micro to treasury
- may take 5-10y to move 10% of all money and payments onchain
Points from Circle CEO’s talk: #ethcc
He s optimistic that in 12-18 months we ll solve:
- scaling
- UX
- legal clarity (already USDC is recognised legally)