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Guy Swann
b9e76546ba06456ed301d9e52bc49fa48e70a6bf2282be7a1ae72947612023dc
“The Guy who has read more about Bitcoin than anyone else you know.” Adjectives: Smart/Sexy Host of Bitcoin Audible 🎧

I wasn't even meaning applications or software, I was meaning truly simple fucking tools and devices that used to be common like washing machines, dryers, cars, etc. A dryer is the dumbest machine in the world, and they've made it into the most pointlessly complicated bullshit that could even be conceptualized. And a basic option literally *doesn't even exist anymore.*

Its like they outlawed common sense.

WTF happened to simple shit that just works?

Combined with a 20% unrealized gain tax and 70% inflation! 🥳 nostr:note17tkjc5kag0xgcncea48c0cuyq8gac4w03faw9fk2f4fzymgvmhvq8sv0qd

I can’t imagine wanting to leave the room.

There is a Nostr plugin for Obsidian.

I don’t know of a client specifically that would let you organize things like Notion though. I got really annoyed with Notion because I was trapped in their system with how they do their notes specifically. I switched to the .md ecosystem with Logseq, Obsidian, Roam, and a number of other apps and haven’t looked back. I can open all of my notes in any or all of these apps and just copy folders to save or backup things. No complicated exporting or formatting changes, etc.

That said, integrating that with Nostr is tricky if you don’t want to share literally all of your notes and/or you want to organize your Nostr notes in a file system like way.

My basic thinking on this would be to just have a note taking app with Nostr integration automatically save and download every note from your Nostr pubkey by default, then you can organize them from there.

Lots you can do with this idea though. If I wasn’t focused on other things this would be a great one to tackle

That’s good in theory, but doesn’t really apply here. Because the amount of knowledge we have, bs the amount that any one person can understand or take into account has a delta of orders of magnitude.

So in this case the “source” isn’t what an intelligent human can produce, it’s the collection of everything that all intelligent humans have produced.

So LLMs at a large enough scale can account for much more than the average human, and even display “logic” far better than most humans, merely by consequence of accounting for greater pools of knowledge/information.

But you are correct in theory, just not in practice with what I think you are implying.

My evidence is just that state of the art LLMs are already more intellectually reliable and have stronger logic than the avg person. The average person is real dumb honestly.

They were never part of the fight to begin with

That's correct, but that's not what I'm referencing with the size or capability of LLMs.

Yes and no, actually. It's less about getting "more intelligent source material," and more about extracting greater amounts of intelligence/knowledge from what it is given. Right now if you feed a math book into an LLM, it wont be able to do math after you fine tune it. It's actually horrifically stupid in the sense of extracting specific knowledge. It will be many layers of algorithmic improvements that begin to enable what some are calling "deep thinking" on a single pieve of material, such that you can train it on a math book and it will actually extract and self-evaluate all of the lessons in the book until it legit actually can DO math because you gave it a math book. And I don't think that's a stretch either, its just a few layers up from what we are doing now.

I actually cover it on the show in a few episodes because I thought this was a fundamental limitation too, but it actually isn't as serious of a limitation as it seems, simply because of how LLMs scale with *compute*.

In other words, a good LLM can, in fact, train a better one. (there's more to it than that but too long for a nostr note)

However, you are correct in the sense that there is only so much knowledge (or even correct information) to draw from any particular piece of information or material. And it begs the question of understanding whether the information is correct or not. If its "super intelligent" about shit that's simply wrong, then it is meaningless.

GM,

When people say "Ai will be more intelligent than humans," this doesn't mean that they will be able to predict what humans like, or know what will be highly valuable or worthless, which memes will go viral, or what the future will actually look like.

Those problems aren't "intelligence" problems.

It may very well be a complete waste of capital to make "vastly smarter than human" Ai, for the simple reason is that people won't care and won't even be able to judge how good it even is. Think about it, when ChatGPT 5-8 and Claude 5 and Llama 6.2 all get so good that you can't tell the difference, and where you can't tell which output is better than the other, why would you pay 3x as much for the "super intelligence" model than the "gets me the results I want" model?

I increasingly think model intelligence will act more like computer graphics in video games. For about 15 years "better graphics" was literally everything. If you had better graphics you had the better gaming console. But then one day it just stopped mattering becuase graphics got good enough where the cost to make it better outweighed the fact that people just wanted good games. It simply looked "good enough."

What if this same thing happens to the "smarter models" in LLMs? 🧐

https://fountain.fm/episode/98UjiXJsa1b2VusbQQur

GM

[SYN flag. GM sent]

They think they are gonna make it hard, and then we are just gonna roll over and give up.

I generally disagree but how on earth are you going to control someone else making a meme anyway. If it’s impossible to even police without the person even being involved or knowing that it has even happened, then it’s pretty hard to defend the fact that it’s “a right.”

Now maybe it’s something we would want to have general ethics to not do. Maybe we would want to hold people to a social standard and idsincentivize this and ridicule or socially punish people for it. That’s fine and I can understand that position even, but that’s not “a right.” Thats very different.

“That doesn’t make sense to me because it seems custodial lightning was preferred by plebs even *before* nostr existed and even *now* when there is no need for offline receipt. Like in El Salvador or Costa Rica, for everyday retail payments. Last I saw, WOS and Bitcoin Beach / Blink, were preferred before nostr, and probably still are. For your argument to be correct, I would expect to see widespread and growing self-custodial lightning usage in those communities.”

You aren’t listening or I’m not explaining precisely enough:

I didn’t say non-custodial was generally more popular, then it suddenly wasn’t. I said **bitcoiners who wanted to use non-custodial** and *who even tried* for some time, couldn’t do it because of the inability to receive while offline and the inability to have a compatible static address without a web server.

And yes, that was a real thing. Like I said, even I am using custodial for zap receives because of this.

Replying to Avatar BitcoinBelle

👏🏽👏🏽👏🏽 nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev !! Thanks for all you’re doing 🫶🏽🧡💜 nostr:note124ymgx3p4wfn3wz27y3x042357pl7kl9ldtuxt2p2vv03mfuuvnsvuuyl3

?cid=9b38fe91xt9xapt2v3p9w9rshygn4ec6yhsbas7xs8l8xb49&ep=v1_gifs_search&rid=giphy.gif&ct=g

I think coracle and satlantis are the only clients/tools I know explicitly utilizing this so far. Spam isn’t bad enough for it to be a necessity, but it will be soon, for better or worse.

PSA

This place will likely be overwhelmed with trolls, morons, and angry and bitter people one day soon like all the rest. Muting will be a very necessary tool in your toolbox (and it even helps other with your web of trust), don’t forget to use it before getting angry and fighting with people trying to trigger you.

This is also how you can keep the vibe up indefinitely, curate your graph deliberately. Use the network, don’t let the network use you.

GM 😁

I think it was in Vhina that there was a skyscraper that they built to look like this stupid shit on the left, with tons of plants and vegetation areas all over it, and people HATED it, it was HORRIBLY infested with mosquitos and tons of other bugs that reproduced on the stagnant water all over the building and it was completely uncontrollable. Tons of people who paid ridiculous sums for the condos were then trying to get rid of them for fractions of the price. Not sure what happened to it afterward but I thought it was really funny how unrealistic our views of “utopia” really are. Theres a reason we don’t live in the woods.

Did you type this in Fountain? Because I am seeing this in Damus and am responding in my normal notifications.

“Sure I built my house in a really bad hurricane zone, but I’m also building one in a really bad earthquake zone just in case!”

?cid=9b38fe91667x120lfoyfroxebt1ohp72o64wgjr6tzbu231t&ep=v1_gifs_search&rid=giphy.gif&ct=g

“Smart contract” is a buzzword. Lightning and multisig can do what you explain above. It’s just more annoying and requires more interactions. Are we getting rid of those things because of “smart contracts”?

CTV is not a “framework”, Sapio is. It’s a coding language to work with bitcoin script, CTV is not the problem here and I also think you misunderstand MEV on top of this. There are already options contracts in Bitcoin, it’s already financialized. Also something that you can’t stop. There have been futures contracts for years.

It’s completely impossible to stop practically everything you listed and maybe I’m wrong, but you don’t seem to understand what the *actual* problems with those things are, rather than thinking there’s some concrete line where it does/doesn’t exist and thinking that CTV leaps over it.

Are you disrespecting the intricate and nuanced art form that is pornstar naming?

Non fiction that ive recently really enjoyed

Crooked (Forrest Maready)

Atomic Habits (James Clear)

Cold Start Problem (Andrew Chen)

Bullshit Jobs (David Graeber)

The Moth in the Iron Ling (Forest Maready)

Replying to Avatar techfeudalist

You made no such case. You only made unsubstantiated claims that it was the same as P2SH.

I just pointed out that it was a false analogy to see if you could back it up. And you didn’t.

It seems you’re just parroting talking points given to you from other people. Just like that meme where the NPCs all download their latest update. Did you sit in on a talk once or twice and conclude you now know everything there is to know?

I often find that folks who see the world in superficial simplicity often have never built anything of value or complexity. Those who have usually realize that many of their preconceived assumptions were wrong.

By the way, what they didn’t discuss in that talk you attended:

Op_ctv can be used to expand time-based trading opportunities, options, futures, DLCs.

https://www.coindesk.com/layer2/2022/05/20/bip-119-unpacking-ctv-and-how-it-would-change-bitcoin/

https://bitcoinops.org/en/newsletters/2022/02/02/

Trading and marketplaces create opportunities for people to front-run transactions.

https://www.coinbase.com/en-it/learn/advanced-trading/what-are-frontrunners-and-mev-when-it-comes-to-crypto-trading

This creates MEV or MEVil, as some people term it. MEVil motivates miner centralization.

https://bluematt.bitcoin.ninja/2024/04/16/stop-calling-it-mev/

Here’s a primer on MEV in case you forgot!

https://bitcoinmagazine.com/technical/mev-monster-bitcoin

Anyway my point is that it’s not clear that it’s necessary and we definitely don’t know that it’s safe. I can see that there is a potential risk. I just don’t know the severity of the risk and neither do you.

Did you mean to post Alex’s own article on MEV or was the “in case you forgot” a joke about that?

Replying to Avatar Tracy

Jesus, nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev. This was a brilliant rant. What a White Pill! Take some time and give this one a listen. It should be required listening!

Bullish.

Holy shit, I just realized something else that is actually a significant benefit with stablecoins replacing banking infra that I hadn't considered... stablecoins are a *push* system like bitcoin is. Meaning when you pay for something you aren't giving your personal information out every single time you do so! It really is a lot like the free banking era and i hadn't locked in on that rather important piece of it.

Damn, I wish that had come to mind while i was doing the show. That's another pretty big way that the embrace of stablecoins over traditional banking can be a meaningful step forward, rather than the implied "terrible outcome" that we didn't jump instantly to a bitcoin standard.

Omg this looks so much like my Roxy is just got choked up. Miss that girl.

A #Bitcoin node audits the entirety of the history from the beginning and at all times. It’s all open and I’m sure you know this.

But your argument is essentially the equivalent of saying that nobody has any idea if they ever did their accounting properly because they’re just trusting their calculator… I’m sorry, but that’s a very poor argument that has no value in the real world, only in some silly hypothetical. (I.e. in practice it actually just works very easily)

It would be extremely obvious if a node software didn’t do the simple job of auditing the open #Bitcoin timechain history. You can just look to see if something’s wrong.

Funny that you use that example actually, because something like Monero doesn’t get that benefit. If the BTC audit was messed up you *could* check it very easy on pen and paper. If there’s something wrong with bulletproof or ring signature implementation/value outputs, how long before somebody figures it out? Literally nothing would stand out as obviously incorrect or flawed. 🤔

In addition, all cryptography has a shelf life. If your amounts are separate from the signatures, you can update the cryptography to fix a vulnerable system. Bitcoin can continue to work indefinitely, even if/when quantum computers start to threaten its ownership assurances. Something that uses cryptography to obscure the amounts, however, doesn’t get that benefit. You’d have to disallow any and all use of the old system, essentially a reset, because broken cryptography means you now have no clue how many coins there are. Even allowing 1 old signature becomes a risk to the entire thing. The supply matters first and foremost above everything. Without it being immutable, the “money” doesn’t even exist. This is why, despite all the reasons we’ve wanted privacy in the foundation of Bitcoin, nothing has persisted and the trade off on the long term is too much. It just makes more sense to build it into higher layers, than at the base, unless we can find some way to obscure the ownership of many different amounts within a UTXO that doesn’t threaten the full audit in any way.

(Also I don’t see what note you are responding to, so I might have missed some context)

The killer app of #bitcoin is re-pricing the capital of the world.

The killer app of #bitcoin is re-pricing the capital of the world.

Yeah none of it really stops or prevents anything. And the witness discount makes sense because having inscriptions there means it can be pruned by anyone who doesn’t want to store that trash.

People who are afraid of dips still don’t get it. nostr:note1r706hchpr8ck9hxuteypqgmak2sdpqcyx5y4cpxmd4s676n9046q95sklx

Excellent point, sustaining relays has been something I spend a lot of time thinking about and worrying on… but I can’t really disagree with what Lyn points out either.

🤔🤔 nostr:note13mafrevjutgwwqdjtjw7tp99cq0jpu20snzcaqa0d2e5ceqhvevskpgzh3

Yeah it’s all about scale of imbalance and the long term sustainability of systemic fraud. Sound money destroys the ability to scale violence and fraud both in size and then also its sustainability across time. It won’t solve violence or corruption, it will only make it smaller and more distributed.

Thus there are likely to be more prominent mafias and smaller violent rackets of sorts, but these have always been there, only overshadowed by the massive mafia of the state. So these others will simply be more visible due to the lack of control and prominence of the nation state.

Similar to how few people are concerned about a roach problem while their house is on fire.

The FBI tried to bribe a Telegram engineer to create a backdoor into their software to control and spy on what was happening on their platform.

https://video.nostr.build/b1021ae093747e50de02df887973dd7a43fa35435ca546951862ee9aac44832d.mp4

Do we know what the charges are, because that fucking insane if this is literally the reason. France should be avoided like the goddamn CCP

When science becomes politicized it ceases to be science.

To put it more simply:

You are paying taxes on your asset gains because you got poorer, not richer. nostr:note105sp9wq73yc9une8xc9zeme0wvg7a8k9u4dvrnntx9h8reqxtg4s9t9g4r