Bitcoin treasury companies are not the enemy, centralized custody is. However, Bitcoin treasury companies will inevitably create institutional and regulatory demand for centralized custody. The endgame being government seizure. You are not participating in Bitcoin if you don’t self-custody.
Treasury companies will inevitably have security incidents and thefts leading to Governments requiring all public companies to use a custodian. That’s not a risk, it’s by design, Bitcoiners are walking into a trap.
Bitcoin is an emergent effect arising from the collective of self sovereign individuals following the same rules, self validating the same chain, and holding their own keys. If you don’t hold your own keys, how can you say you are participating in the emergent consensus network? Control over your bitcoins (your private keys), is the only thing that links you to the network. Without it, the number is just an illusion at the pleasure of those who do hold the keys. Your legal right does not matter to Bitcoin consensus. Your legal rights are imposed upon you by the government, and those who control it, and just like gold was confiscated on a government whim, it can, and enviably will happen to Bitcoin on this current trajectory.
@adam3us@saylor@DavidFBailey
An excellent analogy to explain how vaccines are “tested” for safety. Vax companies don’t use true placebos as the control. They use other vaccines or all vaccine ingredients minus the antigen. When a pro- vaxxer “trusts the science” - this is what they mean…
So if I wanted to find out if drinking whiskey and driving would cause more accidents than drinking water, I would allow the whiskey company to do a study and use vodka as the control group. No increase in accidents. That's vaccine science.
@read_jfk_files@uwukko This is exactly the thinking needed for this threat model. Also imagine also the other stenographic ways to exfiltrate telemetry. E.g dns-over-https would be essentially near impossible to even notice or block
New Anthropic research: A global workspace in language models.
Of everything happening in your brain right now, only a tiny fraction is consciously accessible—thoughts you can describe, hold in mind, and reason with.
We found a strikingly similar divide inside Claude.
To find a hidden tumour, they inject you with radioactive sugar and photograph where it goes.
It works, reliably, because the cancer drinks that glucose so greedily it flares up on the scan like a bonfire while the healthy tissue around it sits dark. The entire technology rests on one fact nobody says out loud in the room: the tumour runs on sugar, and it will outbid the rest of your body for every last gram of it.
We have known about this appetite for the better part of a century. We built a vast imaging industry on the back of it. We use it today, in every major hospital, to hunt the disease down.
Then, having located the cancer by following the sugar, they bring round the lunch trolley. White toast. Tinned fruit in syrup. A carton of juice, a biscuit, and a leaflet recommending plenty of wholesome carbohydrates to keep your strength up.
We spend a fortune using sugar to find the thing.
Then we sit the patient down and feed it.
Read that twice.
@mikealfred@IIICapital The mstr risk is if upset people can convince lawyers who can convince judges, that something is wrong. We all know Bitcoin will recover eventually, but can he weather the human storm meantime.
@BrianRoemmele I think they know it cant be kept in a box, and they believe the value is more in the harness and the layers they can build on top of LLMs. https://t.co/yJyPxcXPVm