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james
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Interested in the similarities between alchemy and bitcoin.

Breathe

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Honour your soul.

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Replying to Avatar rabble

I had an interesting conversation at a friend’s birthday party with a few folks who were professionals but had been unemployed and looking for work for a while. I pointed out that with AI rapidly improving, many of the jobs that have been cut likely aren’t coming back.

They dismissed AI entirely as just a cheap imitation. Their experience was limited to trying ChatGPT over a year ago and seeing some clumsy early attempts by the New Zealand government to use AI. For them, that was enough evidence to label the whole field as an overhyped, short-lived scam.

It shocked me because, from my perspective, AI has been advancing incredibly quickly. I use these tools regularly in my work, and with a bit of focus on learning them properly, these emerging large language models (LLMs) are truly transformational. On top of that, innovation is accelerating rapidly, making AI both smarter and more accessible.

I’m not sure if we’ll reach AGI or ASI anytime soon, but it’s clear to me that society and our economy will be fundamentally transformed by AI.

This conversation reminded me just how much of a bubble technologists can live in. We see AI’s potential clearly and understand how quickly things can spread once they reach a tipping point. But most people probably won’t believe this transformation is real until it’s already underway. Instead of traditional economic institutions adapting their ways of working to integrate AI, we’ll likely see new institutions and methods emerge to replace the legacy systems entirely.

I’m genuinely concerned about how our economy will cope with the decoupling of work from primary economic systems. And when I think about how to spend my time while waiting for even more powerful AI tools—beyond just experimenting in my own work—I’m uncertain. Part of the answer seems to be designing new systems from the ground up around AI, and also continuing to tell people that AI isn’t just a passing trend.

This situation isn’t fundamentally different from what happened with Web 2.0 platforms like Twitter. The core human needs remained the same, but new technologies changed how we fulfilled those needs. Twitter didn’t replace our desire to stay connected with friends; it just made it faster and broadened our definition of who could be a “friend.”

So, looking forward, I think we need to ask ourselves: what would an AI-native version of everything we currently use look like? Most people and institutions won’t adapt—they’ll more likely be replaced. Does that mean we should just rush headlong into replacing everything with AI-driven alternatives?

Interesting.

Might it be better to explain AI similar to the introduction of say electricity. Early electrification was inherently dangerous and unreliable but over time it improved and now we take if for granted. Instead of just replacing old technologies, electricity opened up avenues of opportunity for new innovations, which created new demands, supplementary technologies, new roles and ultimately transformed the world we live in.

It will again be the innovators and entrepreneurs who fill the world with their AI experiments while the rest will learn to adapt to. The challenge facing current generations, me, my kids and your friend at the party, has been a prolonged period of financial prosperity funded, in the main, by government deb such that societies are, in part, not yet prepared for the technological and global financial paradigmatic shifts heading our way. Adapting to change on the scale we are facing will take a years to play out, some will adapt quicker and better than others and as ever there will be winners and losers in society just as there always has been.

Confrontation

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My initial reply is to suggest it goes against the promoted narrative of 'US as global policeman' to be seem fighting wars directly. Therefore the US devised an approach of empire expansion and wealth extraction by using proxy wars, a policy it has followed since the fall of the Berlin Wall. But Ukraine will be the last example of this policy, because the US recognises their expansion has been brought to a halt by Russia and China and Trump II and team are now making a tactical retreat, which will require extreme measures if the US is to avoid going bankrupt.

It is an error imo to think this is anything to do with morals or crimes as the people involved in these decision do not operate as normal people going about their life. They do not allow morals get in the way of their achieving their strategic objectives of gaining more power/money. It's all about the objectives. But the Russians and the Chinese know this, they are playing the same games although they have been oriented towards defending US expansion over the last 40 years so it will be interesting to see how world affairs unfold into this change of US strategy.

This is just unsubstantiated opinion of course and I always try never to become too attached to my opinions.

I was thinking that hurting others is a form of passing on ones own shame. (If I shame you I don't feel my own shame.)

Of course this is a simplification, human relations are hugely complex and there are are many reasons why humans hurt each other.

This one just came to mind as I was thinking if someone ever tries to put you down (hurt you), one response is to say I don't think I'm going to be shamed by you today.

Take care.

Occasionally, for reasons one can't explain, ones heart races.

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Strange water

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#BWest - Bitcoin Bristol Conference Takeaway

I'll never look at an online review the same again after Nathan Day explained the challenges and some of the decentralisd solutions to the problem of verifying physical places in the online world. Nathan also talked about web-of-trust, which I thought I understood, but clearly more nuanced than I had realised and while there are possibilities for developing better webs of trust, there are also downsides. Interesting.

We can support locally by doing some verification on the BTC Map at www.btcmap.org

Also by simply asking vendors if they accept bitcoin.

#BWest - Bitcoin Bristol Conference Takeaway

I wasn't expecting an ex Goldman Sacks derivative trader to be presenting at the conference, but it goes to show the quality of speakers the team at Bitcoin Bristol put together.

Joe Bryan's was a creative presentation of the problem underlying the current fiat money system. Avoiding painting a simplistic picture of 'government as evil', Joe explained, in an easy to understand way, the issues which arise when the the government has control over the money system, in particular money creation.

Check out Joe's video for yourself @ https://www.satsvsfiat.com/

Great opening talk from Joe Bryan - What's the problem?

Follow on X @satsvsfiat

Will try and convert to nostr.

#BWest