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The Toronto Star: “The first part of her book, leading up to husband Gerry Cotten’s death, is a very specific accounting of their joint wanderlust — not the best optics considering the Ponzi scheme involving his company Quadriga.” [ Toronto Star] The US Treasury is gunning for money laundering in the high-value art market — and they’re treating NFTs as part of that. [ press release ; study , PDF]
In January 2009, bitcoin debuted with little fanfare. There were no cryptocurrency exchanges, and bitcoins weren’t really worth anything. You could barely give them away. In May 2010, someone bought two pizzas for 10,000 bitcoins — and even then, he just sent the bitcoins to another bitcoin user who bought the pizzas for him. But the “bitcoin pizza” was huge news at the time, and is still celebrated by bitcoiners today as a landmark event in cryptocurrency history. The bitcoin use case shows up again! It’s money laundering. Caio Marchesani, an Italian fintech owner in the UK, allegedly converted hoards of cash into crypto via Binance for Sergio Roberto de Carvalho — who Interpol called “one of the world’s most wanted kingpins” — and Flor Bressers, a.k.a. “the finger cutter.” Nice. De Carvalho and Bressers were both arrested in 2022. [ Bloomberg , archive] The real threat of AI is the bozos promoting AI doom who want to use it as an excuse to ignore real-world problems — like the risk of climate change to humanity — and to make money by destroying labor conditions and making products worse. This is because they’re running a grift.
The whole thing was just fiction. But it sure captured the imagination. The lucrative business of making things worse Help our work: tell just one other person. Word of mouth is the best way to get information out about any creative work. If you like this, tell someone. Thank you. Molly White of Web 3 Is Going Great, in the Wikipedia Signpost: “Opinion: Should the Wikimedia Foundation continue to accept cryptocurrency donations?” [ Wikipedia] As for Scam Blankman Fraud, I do not believe he was ever “high g” whatever that may truly be. His simplistic cross-national arbitrage trade wasn’t anything special. A lot of people who should have known better wanted to believe in Sam’s “mystique”. Sam’s mother and father, especially his father, directly contributed to Sam’s success. Sam’s father was a very, very good tax lawyer, and he loved his son. He worked with him closely at FTX. Sam’s mother was no less competent but her field of expertise was different, She had a different contribution to FTX, that of “effective altruism” or achieving a goal without concern about the means to that end.
The general opinion from those following the saga is that Upton’s demo matches the precise technical challenges offered by Isaac. ChatGPT makes up text that statistically follows from the previous text, with memory over the conversation. The system has no idea of truth or falsity — it’s just making up something that’s structurally plausible.
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This particular example was a constructed scenario rather than a rules-based simulation … Source: know the team that supplied the scenario … Meaning an entire, prepared story as opposed to an actual simulation. No ML models were trained, etc. Finney’s unimplemented proposal is probably too trivial for the book. But we thought the completists might like it for the blog version.) Namecoin Correction: we originally wrote up the professor story as him using Turnitin’s AI plagiarism tester. The original Reddit thread makes it clear what he did.
We also need to keep in mind that Sam Bankman-Fried has just been shown to be a long-term liar and fraud. That time Michael Patryn from QuadrigaCX s howed up running DeFi Ponzi scheme Wonderland. Founder Daniele Sestagalli tells CoinDesk what on earth he was thinking. “Sestagalli admitted that the circumstances surrounding Cotten’s death did give him pause.” [ CoinDesk] When the price of bitcoin goes down, so does the trading volume. When the volume goes down, so does liquidity. It doesn’t take much to nudge the price up again. The amount of actual cash in the system remains very low. The world of finance is well acquainted with how cocaine has the same effects. Stimulants don’t make you into a financial genius — they just make you think you’re a financial genius. A short statement like this on an allegedly serious matter will usually hide a mountain of hidden assumptions. In this case, you would need to know that the statement was promoted by the Center for AI Safety — a group of Yudkowsky’s AI doom acolytes. That’s the hidden baggage for this one.
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Earth 2 was launched in November 2020. The idea is that Earth 2 will be a finely detailed representation of the surface of the entire globe: [ Earth 2] He goes on to name a specific rationalist, Kelsey Piper of Vox — the journalist that Sam later shot his mouth off to — as someone who really should have gotten onto Adderall for greatest effectiveness in her altruism: “by my calculations, that decreased Kelsey’s effectiveness by 20%, thus costing approximately 54 billion lives.” Yeah, rationalists really do say that sort of thing as if it’s normal. You can see our previous crypto collapse report here. For a better understanding of how all this happened in the first place, read how 2020 set the stage for the 2021 bitcoin bubble. Australian mining billionaire Andrew Forrest has launched cases against Facebook in Australia and the US. He alleges that the company failed to prevent scam ads that used his image, and breached Australian anti-money laundering laws over the spread of cryptocurrency fraud. [ BBC] I was going to drop in and mention Second Life’s land market. (I used Second Life for a couple years circa 2008, and most of this is from memory, not from actually looking it up.)
Finney later helped bitcoin’s pseudonymous creator Satoshi Nakamoto beta-test his new digital money software, and was an enthusiastic bitcoin advocate before his death in 2014.Winnipeg Free Press: “Too often it reads like a wistful romance novel penned by a betrayed, and self-absorbed, heroine.” [ Winnipeg Free Press , archive]
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