Thereβs this really weird pattern Iβve noticed in tech, crypto, art, online communities, etc where a guy will create something that becomes really popular or successful and then it gets captured by a bunch of faceless nobodies who make it worse or at least donβt do any better. From that point, like scheming little court viziers, if the founder does anything other than roll over and die, they do everything possible to subvert his actions, denounce his name, and then desperately ignore his existence. If he should happen to gain any traction afterward, he gets desperately dismissed and countersignalled. There never seems to be any ambitious intent to continue, expand upon, or even try to sincerely alter the trajectory either. Itβs usually just a bunch of parasites suckling off the momentum from the juggernaut originally created until it becomes an emaciated husk. Ideas get thrown out without any real volition, executed poorly, generating little to no notoriety from whatever fans, audience, or enthusiasts were left after the initial excursion. Despite their entire lives and time and energy being dedicated to orbiting around a particular thing, they have an incredible level of scorn for that thingβs creator. Left unchecked, their mindset shifts from βI couldβve done thisβ to βI actually did this firstβ while failing to do any better. These individuals often tend to be risk-averse, low agency, fearful of direct confrontation, and generally unexceptional. They default towards appeals to authority, often utilizing cancel culture, consensus astroturfing, or other disingenuous methods which emphasize the need for removal without placing emphasis on themselves. Theyβre often βthe responsible ones just picking up the piecesβ after ousting the founder or creator under pretenses of bad optics, which are often the result of the same unstable creative energy that allowed something good to be made in the first place. These kinds of court games arenβt new to history, but at least historically thereβs some degree of dignity in the life-or-death consequences and stake of power that these games were played for in the past. The phenomenon of people doing this online over the past couple decades is nowhere near as sophisticated, cunning, or deliberate as, say, an ancient Chinese coup or a 19th century political usurpation. Itβs often bumbling doofuses operating on pure instinct, picking up unconscious consensus tactics and riding a wave of social inertia generated by unintentional displays of weakness (like undue generosity or lack of hierarchical enforcement) from leadership. The funniest part about it is that you all think Iβm subtweeting something specific but I bet each and every one of you can think of a different example of something like this happening. Maybe it was to a company, a movement, a franchise, a fandom, a forum, or even just a friend group. But all of you have either seen it happen or basked in the aftermath of it. Itβs ruined something good youβve enjoyed or something important you were a part of. As human beings learn to adapt to the next stage of evolution (the Network Hivemind), we find ourselves rediscovering the same principles and mechanisms we had to learn throughout our history as a species. The lessons of the past are harvested and recreated digitally, as we both participate and observe our own development in the great Petri dish of the Network. The sociopolitical mechanisms that online parasites have historically taken advantage of over the past twenty years are growing weaker. Fairly soon, genuine creators and contributors will have better context and weapons to equip themselves with, a proper immune system built up against the pungent thick vat of bio waste thatβs encroached and corrupted everything we enjoy. Like a tragic prophecy in a Greek epic, every dire social consequence the digital cockroach has wielded as a bogeyman to cater to his interests will come true. A better, crueler world awaits them.
I wonβt be the first or the last to say that tracking AI developments is a full-time job. Anthropic is erasing thousands of jobs with every new product launch. Competitors are desperately trying to
icymi, reactions are back
If you update your iPhone, Apple will require you to send them a copy of your ID or credit card. This is the latest fresh hell as a result of the Labour and Conservative Online βCensorshipβ bill. The phone will automatically block βadultβ material or websites until you submit.
A systemd fork has set out as a fu*k you to age verification. Liberated systemdΒ is a fork of mainlineΒ systemdΒ started byΒ Jeffrey SeathrΓΊn Sardina, a machine learning/AI researcher who apparently had enough of where things were heading. https://github.com/Jeβ¦
list of ethereum civil wars (ahem, temporary alignment exercises tm) since mainnet launch: - the dao fork: 2016 - ice age / difficulty bomb wars: 2016β2022 - block rewards / issuance wars: 2017β2019 - state rent / storage pricing wars: 2017β2020 - parity multisig / openethereum era wars: 2017β2021 - eip-999 (parity recovery) war: 2018β2019 - progpow / asic resistance: 2018β2020 - eth1 vs eth2 / merge roadmap wars: 2018β2022 - eip-1559 / fee burn war: 2019β2021 - scale l1 vs rollup-centric roadmap: 2020βpresent - client diversity vs geth dominance: 2020βpresent - mev / pbs / proposer-builder separation wars: 2020βpresent - account abstraction / smart accounts roadmap wars: 2016βpresent - censorship resistance vs ofac compliance: 2022β2023 - restaking / shared security (eigenlayer) wars: 2023βpresent - eof scoping cold war: 2023βpresent - zkevm vs zkvm vs fpvm wars: 2023βpresent - ed war: january 2025 - ef mandate: 2026 whatd i miss?
COINBASE: NO MARGIN CALLS FOR BITCOIN-BACKED MORTGAGES Coinbase says its crypto-backed mortgages will carry rates around 0.5% to 1.5% higher than a standard 30-year, depending on borrower profile. Loans feature no margin calls or collateral top-ups. BTC price drops do not change loan terms or trigger liquidation. Collateral is only at risk after 60 days of missed payments, aligning with traditional mortgage standards.
Crypto Winter reflections I've been in crypto since 2013, so quite a few years by now. I co-founded @Zcash, then moved on and co-founded @StarkWareLtd. In short, I've been here for a while. By now I've passed quite a few winters, so many, that I've stopped counting. I do notice that different winters have different flavor to them and I remember the last crypto winter. The one word I associate the most with the last crypto winter is SCAMs. Between the crash of Luna, 3Arrows Capital, and the cherry on the top β FTX, that winter was brought about by over-wild speculation and unethical conduct. In contrast, the current crypto winter feels very different to me. The phrase I use is TradFi Bear Hug. By this I mean that with the election of Trump and the warm embrace of regulators and large TradFi players of crypto, it seemed for a while that crypto found its destination: to become the new money, new financial rails, new infrastructure for doing all the stuff that Wall Street has been doing so far. But what actually happened is that this Bear Hug crowded out the true spirit of crypto, which is about Freedom of Economic Enterprise. This type of freedom means doing all sorts of wild, fun, crazy, new things that in TradFi world are reserved to the Fat Cats, and some of which are not even dared to be done by them. So, we find ourselves in a weird winter, marked by the smothering of the spirit of freedom by the big bear hug of TradFi. At the same time, there's a vacuum and lack of leadership. But change is on the way, I can smell it. It's Freedom.
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