Galen

@galen

710 Following

653 Followers

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Exceptional talk by @karalabe.eth—especially the archaeology of bank settlement before SWIFT in 1970 (spoiler: the world used telegrams and the system was entirely decentralized) https://www.youtube.com/watch?v=9WT-nsneEDA&ab_channel=ETHCluj

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If chatgpt has little 'tells' in the way it outputs text (eg emdashes, double spaces) what's the incentive for OpenAI to remove these? It's like a little watermark for text, similar to the 'powered by shopify' footer on otherwise non-obvious Shopify sites. Free advertising!

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“I know that everyone is raving about the Caputo. Frankly, I hardly noticed the difference. Nothing wrong with it. But I wouldn't go crazy trying to hunt it down. In the last 4 months, mostly to deal with claims on the net, I've tried KA AP, KA Bread, KASL and now Caputo. I'm right back where I started from. Specialty flour is not a huge factor in this process. It's like when you see people arguing about the relative merits of 2 different tensions pulls on $1,000 tennis rackets, meanwhile they go out and miss the ball by 8 feet. Forget it. Maybe if you are making pies at the 99.8th percentile and you want to move to the 99.9th, then you should be worrying about this. Otherwise, let it go. Work on the BIG 3 factors: high heat, a good sourdough starter and technique (mixing and fermenting). This is where you will move from the 50th percentile to the 99th.” https://www.varasanos.com/pizzarecipe.htm

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Singapore does not lack for great canned ingredients. All hail the 2500g can of San Marzanos!

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Ben Thompson with a deep cut this week to the origins of copyright: “I. Whereas printers, booksellers, and other persons have of late frequently taken the liberty of printing, reprinting, and publishing, or causing to be printed, reprinted, and published, books and other writings, without the consent of the authors or proprietors of such books and writings, to their very great detriment, and too often to the ruin of them and their families: for preventing therefore such practices for the future, and for the encouragement of learned men to compose and write useful books; may it please your Majesty, that it may be enacted, and be it enacted by the Queen's most excellent majesty, by and with the advice and consent of the lords spiritual and temporal, and commons, in this present parliament assembled, and by the authority of the same”

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I only eat pizza so puffy and airy that it summons a tiny man who drafts up on its thermals

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incredible packaging on this Caputo 0 type flour. Varsanos-style pizzas incoming.....

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“The riddle is this: if our property can be infinitely reproduced and instantaneously distributed all over the planet without cost, without our knowledge, without its even leaving our possession, how can we protect it? How are we going to get paid for the work we do with our minds? And, if we can't get paid, what will assure the continued creation and distribution of such work?”

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“The Lindy effect creates temporal dominance. Every day that Ethereum persists, its life expectancy increases. Surviving the DAO hack proved resilience. Surviving crypto winter proved durability. Surviving DeFi summer stress tests proved scalability. Surviving the Terra and FTX collapses proved independence. Surviving the Biden Administration's hostility proved its decentralization. Ethereum and its best-in-class researchers and community are antifragile. Each crisis that doesn't kill Ethereum makes it stronger. New platforms must not only match current capabilities but also survive their own black swans. Those black swans are hiding in the reeds waiting for immature protocols to saunter by. Ethereum has survived them all—without blinking.”

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Ethereum's 3.3% yield on staked ETH is the risk-free rate of the emerging digital global economy, and adds a dimension to ETH not seen in traditional finance. Ethereum's 3.3% yield doesn't come from seigniorage, lending or leverage but from validators providing services in the production and consumption of digital trust. It is "real yield" in the economic sense as it represents productive value creation rather than value transfer.

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This transformation achieves something economists thought impossible: trust with near zero marginal cost. Adding another user to Ethereum's trust network costs nothing. Processing the billionth transaction costs the same as the first. Securing a trillion dollars requires the same infrastructure as securing a million. Conventional trust systems scale linearly: more activity means more judges, auditors, compliance officers, and police. Ethereum, by contrast, scales through a self-reinforcing network effect: each additional participant adds economic value, that value funds stronger security, and stronger security attracts the next wave of participants.

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“Bitcoin asks "how do we create money without banks?" Ethereum asks "how do we create an economy powered by digital trust?"”

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“Ethereum represents a fundamental turning point: The industrialization of trust. Just as the printing press and assembly line enabled the mass production of consumer goods, Ethereum enables the mass production of trust in digital form, through cryptography, consensus, and capital. Ethereum is the "trustware"1 that will power a digital world economy.”

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“The Ethereum network is evolving beyond a simple smart contract platform into something more essential: the apex provider of programmable, verifiable trust for the digital economy.” Banger opening

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National day is coming…

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Hell yeah! Sugar cane in the wine fridge.

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The Astronomer jumbotron captures two orthogonal moments: * Ego fulfillment — captured in BIG on the BIG SCREEN * Ego collapse — ‘captured’ by the BIG SCREEN Therein lies the spectator’s frisson.

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Exceptional writing from Austin Campbell and @davidzmorris “Stablecoins are a fundamentally different value proposition for people using the payments system than banks. In the context of a bank, the current setup for the average user (retail or small business) is: 1. Deposit at the bank 2. Earn 0% 3. The bank makes many loans with the money you deposit using leverage 4. If those loans go well, the bankers pay themselves big bonuses 5. If they go poorly, the depositors end up in FDIC resolution land, where uninsured deposits may be lost and insured deposits may experience disruptions in use” https://www.zero-knowledge.com/blog/stablecoins-arrive

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Found this Jordanian hummus for sale in Singapore ($1.50) What’s the over-under bet on whether it’s delicious or gross?

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