Earlier quoted context omitted.
I work in this area and to me, the tech is still super interesting. In particular, things like zero knowledge proof and related scaling/privacy solutions are at the forefront of cryptography in my opinion.
We just need to find some non-speculative and non-scammy uses for that tech.
Three Arrows Capital co-founder Zhu arrested in Singapore airport
21–30 of 130 posts
Re: Three Arrows Capital co-founder Zhu arrested in Singapore airport
#22This just reminded me that cryptocurrencies is a thing, this has not been a prominent topic here for some time, I would say. Is the entire cryptocurrencies stuff eventually on the way out or would that be a misperception? Just checked Google trends, that also indicates a downward trend for terms like Bitcoin, cryptocurrency, NFT or Ethereum for the last year or two.
Re: Three Arrows Capital co-founder Zhu arrested in Singapore airport
#23This just reminded me that cryptocurrencies is a thing, this has not been a prominent topic here for some time, I would say. Is the entire cryptocurrencies stuff eventually on the way out or would that be a misperception? Just checked Google trends, that also indicates a downward trend for terms like Bitcoin, cryptocurrency, NFT or Ethereum for the last year or two.
So far, crypto has gone through multiple market cycles lasting about four years each. At the peak people get euphoric and think it will solve all the world's problems, then in the trough people think it's all on its way out - that it will slowly fade out of public consciousness until it's forgotten. I believe the reality is somewhere in between. But one thing is for sure: during the trough of every cycle, there's alw…
Re: Three Arrows Capital co-founder Zhu arrested in Singapore airport
#24Earlier quoted context omitted.
I work in this area and to me, the tech is still super interesting. In particular, things like zero knowledge proof and related scaling/privacy solutions are at the forefront of cryptography in my opinion.
We just need to find some non-speculative and non-scammy uses for that tech.
Re: Three Arrows Capital co-founder Zhu arrested in Singapore airport
#25Earlier quoted context omitted.
We just need to find some non-speculative and non-scammy uses for that tech.
I think you'll see people picking those techniques and using them in a hidden-from-the-user way (like how git and BlueSky use Merkle trees)
Those techniques were already invented and in-use long beforehand though.
I think that needs emphasizing, because sometimes it feels like... Imagine that fans of the Segway claimed it will replace all other forms of transportation, and a worrying number of them are still out there crediting the (failing) product for inventing the wheel.
Re: Three Arrows Capital co-founder Zhu arrested in Singapore airport
#26Earlier quoted context omitted.
“The wheels of justice turn slowly, but grind finely”
Indeed. "Egregious" in the court of public opinion isn't the same thing as a legal case put together rigorously by prosecutors arguing against the finest defense lawyers that scammers' money can buy.
define pro = accuser, con = accused
If the "pro" side has 10 points and the "con" side has 5 points, and the con side's lawyer makes 1/3 the salary of the pro side's lawyer, the con side wins the case.
Another rebel idea: If either side chooses to not use lawyers, the other side is also not allowed to use lawyers. If either side uses ChatGPT in the courtroom, the other side is also allowed to use ChatGPT.
Yet another rebel idea: The lawyer budgets of both sides must be equal. If you have more money to spend on lawyers you are required by law to give some money to the other side for their lawyers to make the budgets equal.
Re: Three Arrows Capital co-founder Zhu arrested in Singapore airport
#27This just reminded me that cryptocurrencies is a thing, this has not been a prominent topic here for some time, I would say. Is the entire cryptocurrencies stuff eventually on the way out or would that be a misperception? Just checked Google trends, that also indicates a downward trend for terms like Bitcoin, cryptocurrency, NFT or Ethereum for the last year or two.
So far, crypto has gone through multiple market cycles lasting about four years each. At the peak people get euphoric and think it will solve all the world's problems, then in the trough people think it's all on its way out - that it will slowly fade out of public consciousness until it's forgotten. I believe the reality is somewhere in between. But one thing is for sure: during the trough of every cycle, there's alw…
Re: Three Arrows Capital co-founder Zhu arrested in Singapore airport
#28This just reminded me that cryptocurrencies is a thing, this has not been a prominent topic here for some time, I would say. Is the entire cryptocurrencies stuff eventually on the way out or would that be a misperception? Just checked Google trends, that also indicates a downward trend for terms like Bitcoin, cryptocurrency, NFT or Ethereum for the last year or two.
So far, crypto has gone through multiple market cycles lasting about four years each. At the peak people get euphoric and think it will solve all the world's problems, then in the trough people think it's all on its way out - that it will slowly fade out of public consciousness until it's forgotten. I believe the reality is somewhere in between. But one thing is for sure: during the trough of every cycle, there's alw…
Although, I feel cryptocurrency is already too big to ever end completely.
Re: Three Arrows Capital co-founder Zhu arrested in Singapore airport
#29Earlier quoted context omitted.
Indeed. "Egregious" in the court of public opinion isn't the same thing as a legal case put together rigorously by prosecutors arguing against the finest defense lawyers that scammers' money can buy.
Here's a rebel idea: In court cases, have the scoreboard weighted by the AGI of the lawyers. define pro = accuser, con = accused If the "pro" side has 10 points and the "con" side has 5 points, and the con side's lawyer makes 1/3 the salary of the pro side's lawyer, the con side wins the case. Another rebel idea: If either side chooses to not use lawyers, the other side is also not allowed to use lawyers. If either s…
Also, what are "points"? There's no scoreboard in a courtroom...
Re: Three Arrows Capital co-founder Zhu arrested in Singapore airport
#30Earlier quoted context omitted.
We just need to find some non-speculative and non-scammy uses for that tech.
I think you'll see people picking those techniques and using them in a hidden-from-the-user way (like how git and BlueSky use Merkle trees)