I keep trying to do my fiat job, but I keep getting drawn into freedom tech instead ----- I've been busy with MONAD (cashu-funded Tor) in recent weeks. Various protocol improvements, and general stress testing under hundreds of simultaneous connections and hammering the payment channels I started using KImiK2.7 and I like it so far. I'll use it for at least a few more days before trying to make a final judgement on it

reading Montaigne's essays

A longer-term idea to minimize prompt injection: Hopefully, the future will be all open models and they'll all be running on commodity server farms (using something like @routstr to buy and sell) I know there is randomness when predicting tokens, but we should make it deterministic, i.e. pseudorandom Each server should sign every response. We should send a small fraction of our requests to two servers simultaneously. If two servers give a different response to the same request, then it's likely one has cheated. With the signatures, we can then prove which server farm misled us I guess this is a bit complex, but it's a fun problem to think about View quoted note →

Good read, on how Liquid keeps amounts private, while also being immune to the kind of issue that affected zcash recently (Not very much technical detail though; I should follow the references here to learn more) View quoted note →

BTC Yield will continue until morale improves View quoted note →

I'm reading a Culture novel again now, for the first time since getting properly into Bitcoin and AI There is a lot of AI in those stories, so it's interesting to read it now that it seems more realistic And they're always pointing out that the Culture isn't so "organized"; no hierarchies and laws and so on. I guess it's what some anarchists would hope is possible (They still have extraordinarily powerful armed forces though)

"Just transitory" @Bugle.News #40HPW🎧 , monitoring the STRC de-peg

I enjoyed this much more than I expected I would. I love Steve Keen's work, he's excellent on economics and it's history, especially on how fiat works. I was a bit worried that Peter McCormack would be too ideological, but he was willing to learn and you can see that they both enjoyed this discussion. Keen isn't a bitcoiner (yet); they didn't really discuss bitcoin here. We need a way to combine his expertise with the facts about the world today (e.g. the existence of bitcoin)

This debate is interesting, about economics during and after hyperbitcoinization. Some good points, but I also wish I was there to intervene and point out some historical facts that they might not be aware of Around 36:30, Gammon is pointing out that, after hyperbitcoinization, people will want to borrow Bitcoin and generally that there will be some demand for credit creation and fractional reserve banking. While that's true, it's misses the point that credit creation is difficult when inflation is low. Today, I wouldn't want to borrow a bitcoin. Even if I didn't have to pay interest on it, I know it would be very difficult to repay the bitcoin in a year from now (unless, of course, I just sat on it). When an asset (like Bitcoin) is going up in value - and also when it finally settles to its final value - then it's difficult to borrow it because it's difficult for the two parties (the lender and the borrower) to agree on a positive number as the interest rate. In the opening minutes, Gammon points out that the US money supply increased as much in the late 1800's - when the US was on a gold standard - as it did between 2003 and 2023. While the discussion on that was interesting, they didn't point out that the late 1800's was a period when gold mining was increasing the supply of gold at a very fast rate, thanks to improvements in mining technology. So basically, the economy did well during that period because of the inflation that was introduced by the gold standard. Economies can sometimes do very well when the money supply ('raw' money, and/or credit) is increasing quickly (late 1800's), and also when there is good regulation of the financial system (US from around 1940 to 1970). Bitcoin's instant private cash settlement of the hardest possible asset will have dramatic impacts on the financial system, many of them bad. On *average*, I have some optimistism that the pros will outweigh the cons, but it will still have some of the harmful effects due to its deflationary effects

Fun prediction: Strategy has been hammering STRC this week, causing the price to de-peg to $93, and using the proceeds to buy a lot of BTC

Mostly focussing on stress testing of MONAD, especially of the networking, in recent days. Turns out that my little laptop can't take 250,000 TCP connections attempting to connect to the same ip_addr:port at the same time 😀. So I'll bind lots of listeners across 127.x.y.z View quoted note →

I've worked out how to add Tor-style hidden services (.onion) to MONAD, and have coded some of the logic already A more useful evening than following Nostr drama 😂 View quoted note →