313 karma · joined January 7, 2024
I think 'liberal progressives' that are mainly concerned with identity representation, not working class power, are rhetorically bundled as 'far-left'. To people who buy that, Bernie Sanders (a Leftist) and Kamala Harris (a Third Way liberal progressive) are both far-left. It's incoherent but rhetorically potent.
But yea privacy is a silly thing to propose to a surveillance industry.
This would also serve to counter the drop in global Treasury demand due to recent tariff stuff where presumably our traditional debt holders are losing appetite for US debt...
It also creates a kind of strange situation where stablecoins are basically spendable "Treasury tokens". So you give 1 USD to Uncle Sam (via a middle man like Stripe), get back 1 stablecoin. Then you go and spend the stablecoin, and Uncle Sam goes and spends the USD. It's like a weird double spend situation. Prior to stablecoins, you buy a treasury bill with USD, you hold this unspendable treasury bill while Uncle Sam gets USD to spend.
Part of the very high level play is the US Govt seeks to diversify away from depending on nation states for borrowing, and to promote tech companies to the status of reserve holders.
This doesn't add much to the consumer however. I think in fact we are looking at a "fragmented currency" future where you hold like 36 different stablecoins in your wallet because certain platforms accept certain stablecoins. The GENIUS act doesn't offer strict guarantees for getting out of a stablecoin into USD, so I predict dark patterns and "incentives" to make it hard to get out of a stablecoin.
There's also distillation, where you can drastically improve a small model by training it on chains of thoughts of larger models. You can't achieve the same performance by training on original human texts. This suggests that those chains of thoughts reliably contain "densely packed reasoning", meaning the LLM probably has developed internal clusters of "reasoning circuitry", loosely speaking.