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Three Arrows Capital co-founder Zhu arrested in Singapore airport

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Re: Three Arrows Capital co-founder Zhu arrested in Singapore airport

#31

Post by dheera »

LeifCarrotson wrote: post #29
dheera wrote: post #26

Earlier quoted context omitted.

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…

Adjusted gross income? Also, what are "points"? There's no scoreboard in a courtroom...

> There's no scoreboard in a courtroom

There could be ... in terms of form it's not that different from a glorified high school debate with some silly outfits and exccessive use of SAT vocabulary.

Re: Three Arrows Capital co-founder Zhu arrested in Singapore airport

#32

Post by huytersd »

brookst wrote: post #5
johnloeber wrote: post #4

SBF down, Do Kwon down, Su Zhu down, many many more to go... I've been amazed at how slow the law seems to be in apprehending the most egregious scammers from that era.

“The wheels of justice turn slowly, but grind finely”

[dead]

Re: Three Arrows Capital co-founder Zhu arrested in Singapore airport

#33

Post by wmf »

danbruc wrote: post #30
iskander wrote: post #21

Earlier quoted context omitted.

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)

Cryptocurrencies have not actually invented much new technology, they mostly combined existing ideas in new ways. Merkel trees, for example, are an almost 50 year old idea, zero-knowledge proofs are almost 40 years old, proof of work predates Bitcoin by 15 years which makes it 30 years old.

Recent advances in SNARKs/STARKs/VDFs were funded by crypto. SNARKs have gone from unusably slow to reasonably efficient.

Re: Three Arrows Capital co-founder Zhu arrested in Singapore airport

#34

Post by lurker919 »

grotorea wrote: post #28
everfree wrote: post #20

Earlier quoted context omitted.

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…

Well, there's always the possibility that this time it will be the last. Maybe the last peak is when it reaches global awareness and there's no new people to bring into the system. And I suspect it already reached that in the last cycle with Superbowl ads and Filipinos working in Axle Infinity. Although, I feel cryptocurrency is already too big to ever end completely.

The new people in the next cycle are the freshly graduated high schoolers and new grads who weren't following the news previously and have their joining bonuses and RSUs waiting in the bank.

Re: Three Arrows Capital co-founder Zhu arrested in Singapore airport

#35

Post by iskander »

danbruc wrote: post #30
iskander wrote: post #21

Earlier quoted context omitted.

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)

Cryptocurrencies have not actually invented much new technology, they mostly combined existing ideas in new ways. Merkel trees, for example, are an almost 50 year old idea, zero-knowledge proofs are almost 40 years old, proof of work predates Bitcoin by 15 years which makes it 30 years old.

I think the initial impractical prototypes for the core techniques were in the literature for a while but there's really no comparison between eg interactive ZK protocols and the succinct non-interactive proofs used by the cryptocurrency folks. The latter are computationally general (you don't have to roll a new one for each program) and many orders of magnitude more efficient.

I think it's important to give the cryptocurrency industry credit for the few corners in which it makes real (theory/tooling) contributions even if they're motivated by nonsense

Re: Three Arrows Capital co-founder Zhu arrested in Singapore airport

#36

Post by lamida »

eigenket wrote: post #7
thelock85 wrote: post #6

Serious question from a crypto outsider: is four months long enough to deter future grifts? Will Zhu’s detention increase likelihood of further prosecutions?

Spending 4 months anywhere in Singapore without air-conditioning would deter me from pretty much anything. I imagine the experience in a prison cell is worse.

Channel News Asia produced a really good documentary about Singapore prison: https://www.channelnewsasia.com/watch/inside-maximum-securit....

Re: Three Arrows Capital co-founder Zhu arrested in Singapore airport

#37

Post by dist-epoch »

It was very profitable to trade AGAINST his recommendations. Because he would use his Twitter followers as exit liquidity. When he was praising bitcoin he was secretly selling, and when when he was saying crypto is done, time to get a McDonalds job you knew he was loading up.

Re: Three Arrows Capital co-founder Zhu arrested in Singapore airport

#38

Post by iskander »

Terr_ wrote: post #25
iskander wrote: post #21

Earlier quoted context omitted.

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)

> I think you'll see people picking those techniques 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 .

Merkle trees, yes! That was just an example of a technique that can be well hidden vs in the user's face.

Newer techniques like Verkle trees, SNARKs, STARKs, &c are.... well, new.

Re: Three Arrows Capital co-founder Zhu arrested in Singapore airport

#39

Post by b112 »

johnloeber wrote: post #4

SBF down, Do Kwon down, Su Zhu down, many many more to go... I've been amazed at how slow the law seems to be in apprehending the most egregious scammers from that era.

To be fair, "era" usually means "hundreds or thousands" of years ago, or millions.

Not just a year or two.

Justice, especially for complex things, which require investigation, is seldom fast. It probably wouldn't be fair otherwise.

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