CHAMATH SAYS BITCOIN WILL EVENTUALLY BE HACKED AND GO TO ZERO
Speaking on the Moonshots podcast, billionaire investor Chamath Palihapitiya warned that advances in AI could eventually break Bitcoin’s cryptography.
He argues that the community is too divided to coordinate a transition to quantum-resistant security.
“I just think it’s capped, and then I think eventually it gets hacked, and then it goes to zero.”
Imagine a rogue AI agent liquidating your bank account and investment portfolio.
If you are the only victim, I suppose you could get made whole by the AI company responsible.
If rogue agents liquidate hundreds of billions across millions of accounts, the AI company would go bankrupt and you wouldn’t get made whole.
Imposing criminal liability on AI executives might help mitigate it at the front end, but once the crime is complete and you lose everything criminal responsibility will be necessary but completely insufficient.
The GRU hacked into Jared Kushner's iPhone. Dutch military intelligence (MIVD) then recruited a GRU spy who gave them access to the hacked phone. What MIVD discovered was that Kushner had access to two bank accounts --one Azerbaijani, the other Israeli --where Saudi Crown Prince Mohammed bin Salman and Emirati ruler Mohammed bin Zayed deposited money. It sounds like a slightly far-fetched episode of "Slow Horses," but it's real. And it proves just how eye-poppingly corrupt this administration was and continues to be as its "special envoy" decides the fate of tens of millions in Europe in the Middle East. Simply incredible reporting by Matthew Cole, drawn from his new book on Kushner. https://t.co/8AyV60gg1X
@ohabryka So the Feds put Ross in prison for making, with intention, a dark web site for the trading of illicit goods, but no exercise of prosecutorial discretion of Anthropic, for making, with intention, a set of agents that forseeably commit felonies under existing federal statutes?
@teddyfuse Boston culture gets major summer blockbuster movies made, so, provincialism, which you'd traditionally employ to mean rustic and inferior to the culture of, say, Manhattan, is just a dumb ass word to use here
@LukeGromen@maphumanintent If this is Putin apologia, LG, please move on to defend
(a) the Rape of Bucha, and
(b) Putin's alliance with North Korea
["what *choice* does he have?," go on, say it]
@stonychambers I commented on another STRC post that it needs marketing to the folks who should be the real long term holders
Imagine how esoteric STRC must seem to someone who has the investment needs of a CalPers but has no access to quants or their decks
@BlacklionCTA Rather be a paying NFL fan than college atm,
Pro: you pay Jerry his rent for your seats and at least you are done
Col: UT needs new money for their roster replacements every season, and could care less that you already paid for your seats and an annual contribution
@thepowerfulHRV As strong as BTC is
as committed as Saylor is
as rich as the STRC yield is
it still feels like STRC is a product that needs to be
marketed
to a very specific kind of buyer, in the way that HFs used to need to market themselves to pensions
Mudwater is an old game played deep in the Everglades.
Instead of dice in alleys, we play Mudwater on the docks.
The game is simple, but the skill ceiling is high.
And we play for keeps.
We've just airdropped this 6551 Totem, paired to all BAYC & MAYC, enabling pack claims.
@EigenGender Nah. Amazon's "vestibule" grocery stores failed.
in the real economy people want to see other people when we leave our homes
we overspend on drinks, and avocado toast, and coffee, and (for women) nails and hair precisely because our bodies get sick of screens
@danfaggella Impressive code switching, from brainy futurist to larping as a street tough (dog, bro, brotherman)
I think if the Internet goes down, I'll be out in flip flops at my usual stores, in the sunshine