Security Must Match Your Attractiveness as a Target
Scary stuff. The best security remains obscurity. Unfortunately just being “anonymous” isn’t enough anymore due to constant third party data breaches, like Coinbase leaking user balances and addresses. The potential security holes are endless. Basically every app and online service could turn into a physical attack vector. Most people reading this don’t need to worry (much). Our security needs to be commensurate with our attractiveness as a target.
IP Leakage Crucial to Valuing Anthropic and Similar AI Firms
Have been discussing how to value companies like Anthropic with some investor friends. The practical likelihood of continuous IP leakage a major factor in valuing the equity imo.
Crypto Gaming Awaits Infrastructure, Like Early Online Gaming
I’ll take the other side. Crypto gaming and metaverses were mostly “too early”. Need much better infrastructure. But it’s a strong clear use case once the tech is there. It’s like trying to sell computer games...
Crypto
Scott’s observation has become rough consensus imo. It was tough when crypto leaders abandoned their values for money, but now we have leaders loudly virtue signaling their flip flop and pushing moral arguments from a high horse that they...
Market Makers Add Costs, Not Major BTC Price Moves
In short: no. I was a wall st market maker 15 years ago, explicitly exploiting inefficiencies in products like ETFs. Market makers absolutely do “game the system” in all sorts of ways, but for liquid products like BTC...
Crypto May Remain Forever High Yet Adoption Stalls
High level crypto market take: I’m 50%/50% between two scenarios. A&B. For each, I’ll provide a “steelman” argument. A. The high is in forever (for this set of crypto assets.) This was/is the “final” wave in...
Crypto Twitter's Golden Era Faded Amid Hype and Bots
There was a magical time where “crypto twitter” was the epitome of the public “town hall.” Maybe ~2014-2018 and decent through 2022. The industry’s best and brightest debated publicly with one another and everyone else. ...
Bitcoin Censorship Threat Comes From Within, Not State
On Knots and bitcoin censorship; Bitcoin’s fundamental challenge as “permissionless” money is/was conflict with state demands for KYC and control. Proof of Work (without privacy) allows the state to easily and directly exert control via regulating concentrated...
