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Cryptocurrency: Technical Solutions to Maxi's Pending Death of BTC
by grarpamp 15 Dec '22

15 Dec '22

https://www.youtube.com/watch?v=TIkqBZnrKJM Maxi Narrative While all the Maxi bleating is largely correct, it is also astoundingly and foolishly head in sand, and they all refuse to talk about it... The first coin that adds all and no more than the following to Bitcoin's existing solid monetary and operational fundamentals ... - strong cryptographic equivalent levels of privacy - reduce storage needs to per-account state instead of growing per-tx terabytes forever - bump txrate to service a couple billion people a few times a month or so - interoperate with expected DEX protocols - quantum safe ... will overtake over Bitcoin in short order. Bitcoin has been on notice regarding these flaws for many years now. If Bitcoin doesn't act to enable the above, some other coin will take the prize away from Bitcoin. Most of the theory and tools already exist, thus that moment is not far away, and is likely to happen in within fewer years than BTC has existed. Till then, BTFD.

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[ot][spam][crazy] middle smart adventure game
by Undescribed Horrific Abuse, One Victim & Survivor of Many 15 Dec '22

15 Dec '22

1. for some time people wanted to make text adventure games that were open-domain, where the player could do anything. some people actually did this, although i don't know where to find their work. such a game featured in the book "ender's game". 2. when transformer language models got big, AI dungeon happened. basically they just told a language model it was an adventure game, and gave the user its output, the same way chatgpt works. the adventures had absolutely no logical continuity, but the user could do anything they wanted to. aidungeon has since worked more on their product. a day or two ago, as part of a trick around my behavior, to try to be productive during a difficult time, i started work on a middle-of-the-road approach, that uses a small language model to generate content and interpret user actions, but can do it more intelligently. i'm aware that others have done this, although again I don't know where to find their work. it's very hard for me, and it was interesting to have a region of it become more easy. NOTE: people call these "text adventures" but nowadays building such a "text" adventure game is _very roughly_ equivalent to building a fully interactive virtual world, because of how AI is being developed. Personally, I'm still just interested in text!

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[ot][spam][crazy][spam][crazy] a thread of spam
by Undescribed Horrific Abuse, One Victim & Survivor of Many 14 Dec '22

14 Dec '22

SPAM This thread is assistance in configuring email filters. If you don't want all these emails, I am providing pressure that could help you learn to do this. If this pressure is painful, and you are kind of squirming with severe medical issues, unable to stop the spam, I am apologetic, but I also note I've done this a lot so hopefully you are numb? let's put capital SPAM in every message in this thread

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[ot][spam][crazy] why humanity is classist
by Undescribed Horrific Abuse, One Victim & Survivor of Many 14 Dec '22

14 Dec '22

hihihi this is a place for personal experiences regarding most of humanity living in severe oppression of itself -> sugar is hurting everyone -> coffee is hurting everyone -> _houses_ are hurting everyone -> vehicles are hurting everyone -> glass windows are hurting everyone -> _shoes_ are hurting everyone the list goes on

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My mixmaster wants to kill yo mama
by professor rat 14 Dec '22

14 Dec '22

United States Senators Elizabeth Warren and Roger Marshall introduced the Digital Asset Anti-Money Laundering Act of 2022 on Dec. 14. The seven-page bill would expand the classification of a money service business (MSB), prohibit financial institutions from using technology such as digital asset mixers, and regulate digital asset kiosks, otherwise known as automated teller machines, or ATMs. https://cointelegraph.com/news/sens-warren-and-marshall-introduce-new-money… They will take my c-punk mixmaster code FROM THESE COLD DEAD HANDS

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An Insider Blows the Whistle on How the Fed Has Allowed Crypto to Invade Federally-Insured Banks
by Gunnar Larson 14 Dec '22

14 Dec '22

https://wallstreetonparade.com/2022/12/an-insider-blows-the-whistle-on-how-… By Pam Martens and Russ Martens: December 14, 2022 ~ Federal Reserve Building in Washington, D.C. Federal Reserve Building in Washington, D.C. Katie Cox worked for the Federal Reserve for 32 years, the last two decades of which were spent overseeing complex proposals for bank mergers. She left the Fed in 2020. Last Wednesday Katie Cox penned a shocker of a column for American Banker. She opened with this: “Suppose you’re a crypto company that wants to own a bank approved to engage in digital-asset activities. Here’s the fast-track way you might achieve that, while complying with rules in place since August: Go buy a bank, any bank. Convert your bank to a Federal Reserve member bank, meaning that your bank’s federal supervisor will now be the Fed, not the Office of the Comptroller of the Currency or the Federal Deposit Insurance Corp. Wait a little bit, maybe six months. Then send the Fed a letter notifying it that your bank is going to engage in digital-asset activities and that you have determined the activities your bank will conduct are permissible. Promise that you will soon establish a risk management framework to manage this complex new business. If you’re lucky, your bank won’t be examined for a year or two. By then, you might have cranked up quite a dumpster fire.” Cox goes on to explain that she’s not recommending this as a strategy, but simply stating that crypto outfits have found a clever means of engaging in regulatory arbitrage. It should also be noted that Cox did not write this column out of an altruistic bent. She is one of a legion of former federal regulators that now work for crypto outfits. Cox now works as an advisor to Custodia Bank, a new applicant for Fed membership that wants to engage in crypto activities. According to Cox, new Fed applicants have a more difficult time than simply taking over an existing Fed member bank. The August 16, 2022 rules put in place by the Fed are known as SR 22-6 and, indeed, leave it up to the bank to notify the Fed and have adequate risk management systems. But the Fed uses the word “should” do this or that throughout this rule instead of “must.” Lots of dumpster fires have ensued. The Fed also makes this statement in rule SR 22-6: “Given the heightened and novel risks posed by crypto-assets, the Federal Reserve is closely monitoring related developments and banking organizations’ participation in crypto-asset-related activities.” Monitoring is, clearly, not the same thing as policing. Twelve days after the disgraced and corrupt crypto exchange, FTX, filed for bankruptcy, the New York Times ran this headline: “Crypto Firm FTX’s Ownership of a U.S. Bank Raises Questions.” The article explains that a tiny bank in Washington state, Farmington State Bank (also known as Moonstone Bank), had received an ownership stake of $11.5 million from FTX’s sister firm, Alameda Research, which at the time was twice the net worth of the bank. The Federal Reserve is the primary regulator of Farmington State Bank according to regulatory filings. Sam Bankman-Fried, who was indicted on eight criminal counts by the U.S. Department of Justice yesterday, is the majority owner of both FTX and Alameda Research, the hedge fund he operated as a personal piggy bank using customer deposits from FTX. Attorney General Merrick Garland had this to say about Sam Bankman-Fried yesterday: “We allege that the defendant conspired to defraud customers by misappropriating their deposits; to defraud lenders; to commit securities fraud and money laundering; and to violate campaign finance laws. As this indictment demonstrates, the U.S. Department of Justice will aggressively investigate and prosecute alleged criminal wrongdoing in the financial system and violations of federal elections laws. We will continue to work to ensure U.S. capital markets operate honestly and with the integrity that investors, lenders, and the American people are entitled to.” The American people are the taxpayers that are now picking up the tab for the Justice Department, the Securities and Exchange Commission, the Commodity Futures Trading Commission and a multitude of state regulators to investigate what appears to be a global fraud perpetrated by FTX and its affiliates. That the alleged kingpin of this fraud, Sam Bankman-Fried, was so easily able to obtain an ownership stake in a federally-insured bank means the Fed needs to move beyond “monitoring” the banks it oversees and into the aggressive role of cop on the beat. Farmington State Bank is not the only bank whose primary regulator is the Federal Reserve and that is feeling the fallout from the collapse of FTX. Silvergate Bank is also primarily supervised by the Fed and experiencing a mountain of pain. Its publicly-traded parent, Silvergate Capital Corp. (ticker SI), closed at $148.20 on December 31, 2021. The stock closed yesterday at $18.73, a decline of 11.9 percent on the day and a plunge of 87 percent year-to-date. That’s not the kind of performance that breeds confidence in the safety and soundness of U.S. banks and how they are supervised by the Fed. Silvergate Capital’s 10-K (annual report) for the year ending Dec 31, 2021 states that “Deposits from digital currency exchanges represent approximately 58.0% of the Bank’s overall deposits and are held by approximately 94 exchanges.” Approximately $1 billion of those deposits at Silvergate Bank came from FTX – meaning that this federally-insured bank has now brought – at a minimum – serious reputational damage on itself and its wimpy cop, the Federal Reserve. Two Senators who sit on the Senate Banking Committee are taking serious note of this situation. Senator Elizabeth Warren (D-MA) and Senator Tina Smith (D-MN) sent a letter last Wednesday to Jerome Powell, Chair of the Federal Reserve; Martin Gruenberg, Acting Chair of the Federal Deposit Insurance Corporation; and Michael Hsu, Acting Comptroller of the Office of the Comptroller of the Currency. The letter seeks answers on just how far crypto has encroached into the federally-insured banking system. In the letter to Fed Chairman Powell, the Senators write: “While the banking system has so far been relatively unscathed by the latest crypto crash, FTX’s collapse shows that crypto may be more integrated into the banking system than regulators are aware. To better understand the scope of the banking system’s exposure to the crypto industry and how banking regulators currently assess crypto-bank relationships, we ask for answers to the following questions no later than December 21, 2022.” Question number three from the Senators demonstrates just how little information Congress has been provided about the encroachment of potential crypto scams into the federally-insured banking system. That question reads as follows: Please specify the number and names of banks regulated by your agency which are currently engaged in the following activities: a. Providing cryptocurrency custody services. b. Holding dollar deposits for crypto-related firms. Of those banks, please specify the number and names of banks that hold dollar deposits as reserves backing stablecoins. c. Acting as nodes to verify customer payments. d. Facilitating stablecoin payment transactions. e. Providing loans to crypto-related firms. (Of those banks, please specify the number and names of banks that accept digital assets as collateral for loans.) Under the rubric of innovation, Wall Street came close to collapsing the U.S. financial system in 2008 with its “innovative” synthetic derivatives, Structured Investment Vehicles (SIVs), and subprime securitizations. Today, dozens of members of Congress have invoked “innovation” to justify allowing crypto to run amok in our financial system. But more than 1,600 of the best scientific and software minds say both crypto and blockchain are shams. It’s time for Congress and federal regulators to find a backbone and competently deal with this confidence-draining mess.

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Greg Barton needs killing ( My 2000 sats )
by professor rat 14 Dec '22

14 Dec '22

https://twitter.com/gregjamesbarton?lang=en " . . . the definition of terrorism as non-state actors using or threatening to use violence against symbolic targets in a bid to force change. . . " https://stiffs.com/celebrity/joebiden KILL the POTUS - Welcome to the revolution!

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More 'resistance ' mush
by professor rat 14 Dec '22

14 Dec '22

“It’s like The Matrix red pills – people need to wake up to what’s going on and resist.” https://www.news.com.au/national/queensland/crime/losers-with-no-authority-… The modern nation state is illegitimate, modern laws have an oppressive hold over the population and people need to “be brave and stand up to dictatorial governments and laws”.

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Elon Musk - Fright risk
by professor rat 14 Dec '22

14 Dec '22

The account @ElonJet which was run by @JxckSweeney and did nothing more that share publicly-available information about Musk’s private jet, has been suspended from Twitter. Snowflakes gonna snowflake. To be men! That is the Mollusk law! . . . We must learn from Elon his sincere intensity his concrete clarity. . . . Elon is the noon, the maturity of a mollusk and his MAGATs. Muskovites, Let us bear this title with pride. . . . Muskrat workers, clerks, women take care of this day! The light has not vanished. The wheels have not disappeared, There is only the growth of Fire, Light, fire, bread, fire and FIRE, more FIRE! In Elon’s invincible time of fire! . . . In recent years the limping Bluebird, Peace, the wandering persecuted rose, Found herself on his shoulders And Elon, the giant, Carried her at the heights of his forehead. . . . A wave beats against the stones of the shore. But Rittenhouse will continue his work.

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Its like the FTX of punk history
by professor rat 14 Dec '22

14 Dec '22

" . . . it must be stressed that any claim to being ‘definitive’ or ‘complete’ is rejected here https://jimdonaghey.noblogs.org/publications/ DrKPopUpConvos Nov 3 Beautiful day to exercise your right to vote. Vote early. Get out there. #Democracy https://twitter.com/drkpopupconvos Wild Bill’s riot oeuvre https://www.researchgate.net/scientific-contributions/Will-Boisseau-2051665… If silence is assent the documented ’ punk culture of resistance ’ totally accepts being Luna eclipsed by cyberpunk’s ’ The Matrix " before being solar eclipsed by the creation of billions in new stateless currencies since 2008. And who was responsible for that? Cypherpunks

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