Oceans of Wisdom

Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments. While the system works well enough for most transactions, it still suffers from the inherent weaknesses of the trust based model. Completely non-reversible transactions are not really possible, since financial institutions cannot avoid mediating disputes. The cost of mediation increases transaction costs, limiting the minimum practical transaction size and cutting off the possibility for small casual transactions, and there is a broader cost in the loss of ability to make non-reversible payments for nonreversible services. With the possibility of reversal, the need for trust spreads. Merchants must be wary of their customers, hassling them for more information than they would otherwise need. A certain percentage of fraud is accepted as unavoidable. These costs and payment uncertainties can be avoided in person by using physical currency, but no mechanism exists to make payments over a communications channel without a trusted party

but remember BTC did not start off with "number go up"

the masses will need the fungible token obviously

so you know, I think you have your answer

well, M Saylor has attracted more crypto capital than anyone in history

you ask me what "the people want"

https://x.com/saylor/status/2090463815276105812?s=20

because that is what your "butcher" actually wants to hear

@[boredsurgeon] do you have the courage to smash your butcher with a pizza, call him a bear and tell him HFSP?

https://x.com/saylor/status/2104270833606910443?s=20

https://x.com/saylor/status/2105351790287839447?s=20

https://x.com/saylor/status/2105995008109109423?s=20

https://x.com/saylor/status/2106433880576360465?s=20

everyone here is very smart, but will anyone here have the courage to be cheesy? tbd

"1000 $6529 tokens or your family dies when Terminator comes"

you need people like me who have a heart attack listening to Saylor like WTF is he talking about, that is all wrong; and then the other people who are like "that sounds fantastic"

communication wise

so in all seriousness, we will need people to make it much simpler

we should not confuse ourselves - when I come here and have open discussions about what I am thinking this is like what the core devs do in their core dev channels. obviously that is not what michael saylor is out there pitching, which exact networking protcol btc is giong to use


approximately this is how BTC was marketed

"$6529 tokens are the currency of the future and if you don't have at least 1,000, your family will die"

1/ yes 2/ i think needs to be more legible to crypto people - e.g. l1, l2 etc

was not true of any prior model including fable astra sol

i can instruct it the way i can instruct a very capable human

and it is like 2 weeks old or whatever

it can actually ship things

Opus 5.5 is in a league of its own

the models crossed a qualitative line in the last few weeks

lol

once again, "code" which is a domain with enough verifiable data that it was able to get there

"nothing ever happens"

you need robotics for that really

i wouldn't expect that it has crossed any useful chasm in your field yet

this to be is the biggest deployment issue

and also new companies in fields amenable to new companies that just start with fresh systems

at large companies for a while

and so there is going to be this reengineering phase

including in people's heads

data is in weird places

and the issue is that systems are messy

i want to deploy AIs much more broadly

anyway i think data integration and context integration is hard

(said regime is already in force)

but there will be a 539 part regime relating to when an AI can send you an email

not in the EU it won't have!

wait a second!

lets check in a couple of years to see how many call centers are primarily human staffed

the issue with BA is that BA is BA

the issue with BA is not that openai does not have a smart enough model