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⚡️🌙 Profile picture
@dystopiabreaker
Aug 15 • 5 tweets • 2 min read • Read on X
if you tap to pay on base, whatever activity you're doing will be immutably visible to the entire world forever, and whoever is receiving your payment can view your entire financial state at any moment in time and all your activity in the past and future
this is not just a horrific vector for abuse of all kinds, it also makes blockchain payments totally impractical

this is why you need a system that uses zero knowledge proofs and homomorphic commitments in order to implement privacy for arbitrary assets (incl USDC). and those proofs need to be fast, on-device. the only system in prod i'm aware of that has this is @penumbrazone
@penumbrazone i forgot that there is also railgun which i believe also implements a similar approach

and also payy which appears to be directly oriented towards the mobile payments use case, cool

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More from @dystopiabreaker

⚡️🌙 Profile picture
Mar 30, 2023
thinking about machine agentic decision theory problems is convenient because it allows you to inhabit a world entirely abstracted from the (abundant) human and human-organizational level decision theory problems and failures
this leads to odd situations though, where you just sort of assume there wont be any human organizational level decision theory problems with stuff like this, because you only care about machine agentic decision theory problems

we will simply shut down the training runs with no exceptions. we will simply have multinational agreements. we will simply airstrike "rogue" datacenters
Read 4 tweets
⚡️🌙 Profile picture
Mar 30, 2023
if the Rationalists were serious about destroying all computers they would be investigating nanomaterials that could cheaply be produced and secretly integrated into the supply chains of the top chip fabs, that would permanently taint the world's best node processes
silicon prions
you guys are thinking way too small with datacenter airstrikes
Read 9 tweets
⚡️🌙 Profile picture
Mar 29, 2023
this is shameful and insulting. how about instead of continuing to promulgate deception, you respond to the massive stack of communication from companies in the crypto space that have been begging for clarity and cooperation on specific issues for _years_?… twitter.com/i/web/status/1…
if your stance is just "i personally don't think this industry should exist", then come out and say it. also, resign, because that's a breach of your statutory mandate.
look, if you think crypto needs stronger regulation, you should want to fire gensler. he has failed to engage. FTX happened under his watch. there have been no substantive engagements or rulemaking, just a spattering of headline-grabbing celebrity lawsuits.

they sue… twitter.com/i/web/status/1…
Read 4 tweets
⚡️🌙 Profile picture
Mar 29, 2023
they oversee war crimes, prosecute whistleblowers and journalists to an inch of their lives, enact secret mass illegal surveillance, and undermine democratic norms at every turn

and they want you to believe that the way to 'protect democracy' is to ban technology they don't like
i have been pretty amazed at how much of a mask-off moment this "RESTRICT act" truly is. it's remarkable.

Authoritarianism is a massive problem in our current politicial economy. they would have tried to ban email. this problem is worse than i thought and that is really saying… twitter.com/i/web/status/1…
things are in a dark place when the prevailing view among the powerful becomes that the primary problem is that people are allowed to talk about problems in ways that are illegible to them or unapproved of by them, rather than the problems themselves
Read 5 tweets
⚡️🌙 Profile picture
Mar 13, 2023
make no mistake. this is the cause of the crisis. not silicon valley startups, not VCs, and sure as hell not crypto coins or any other distractions.
the regulators have been too busy tilting at crypto windmills to notice that the 5% hikes put every regional bank in the US on the precipice, because the banks believed the USG in 2021 that inflation was a conspiracy theory and they aped into long duration bonds.
the size of the unrealized loss in bonds and securities across the banking sector is almost the entire size of the crypto market cap. anyone claiming that crypto has anything to do with this crisis has no credibility whatsoever. it is tiny and largely choked off.
Read 5 tweets
⚡️🌙 Profile picture
Mar 13, 2023
why was silvergate’s FHLB loan withdrawn suddenly?

why are they in voluntary liquidation instead of being acquired or otherwise reintegrated as is typical?

why was signature shut down?
“because we personally do not like their customers” is not a valid answer to these questions
barney frank, as in Dodd-Frank, is on the board of Signature and seems confused about why they were shut down as well.
Read 4 tweets

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