Bleeding heart libertarian | #dirtballfam & crypto correspondent of @TheDirtySports tipjar: https://xitter.cf/t.co/FmeHefwuuT -
Cleveland, OH-- The Land
Joined August 2016
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CryptoRant.eth ✌☮ retweeted
Justin Drake is calling for “bunker mode”: move coins to fresh addresses so the public key stays hidden. He worries AI math advances could make recovering private keys from exposed ECDSA keys possible faster than people think.
Vitalik agrees the risk is real and we should take it seriously, but said clearly: don’t scramble to move funds today.
Simple explanation of the risk:
Your crypto address is created by hashing your public key. As long as you only receive coins and never spend from that address, the full public key stays hidden on the blockchain.
The moment you send a transaction from that address, your public key is revealed for everyone to see.
Drake and Vitalik’s concern is that future AI-powered math advances might make it possible to reverse that public key back into your private key. If that ever happens, any address that has already spent (and therefore exposed its public key) would become vulnerable. Addresses that have never spent would still be protected because their public key was never published.
This mainly applies to $BTC, $ETH and other chains using the same system.
CryptoRant.eth ✌☮ retweeted
The school of girls that @PeteHegseth blew up was not a threat to my national security.
CryptoRant.eth ✌☮ retweeted
This is the first time in Earth’s history that the path is visible: cure cancer, slash traffic deaths, give anyone high agency no matter their body — and reach the stars — by scaling compute and energy.
Don’t squander it.
CryptoRant.eth ✌☮ retweeted
you're going to see a huge data center and AI renaissance over the next year. the out-right hatred people have for them is founded on baseless "facts" that just aren't true:
- datacenters do not use much water. your local In-n-out uses more water.
- AI isn't replacing jobs, its creating them.
- data centers pay states a huge some of money in the form of taxes and subsidies which are being fed directly into the local residents pockets in the form of schools, new hospitals, better infrastructure etc
- power/energy bills *aren't* going up as data center's cover the costs. in states where thats not happening that should change soon.
we're talking about the biggest industrial revolution since factories. its imperative we win this.
Regret the tone of my post on data centers yesterday.
What I should have said:
There were reasonable concerns about data centers 18ish months ago: water, taxes, jobs, electricity prices, the environment and what they would do to small towns. Well-structured data center projects have largely addressed these concerns today and we should be celebrating this.
On balance, data centers are awesome for America in every way.
On water: U.S. data centers use a fraction of what golf courses use. A lot of the numbers from 18 months ago were off by over 1000x. Newer data centers use closed-loop systems or recycled water. Should be required by every town approving a data center project.
On taxes: looking only at sales-tax exemptions, as Ronan Farrow did, is the wrong way to evaluate this. Data centers pay significant property taxes. Loudoun County, which is the wealthiest county in America, now collects on the order of $1 billion a year from data centers. In Quincy, WA, data centers are more than half the property-tax roll. Over time, property taxes can go to zero while government spending increases in these towns.
On jobs: this has been unambiguously awesome for blue collar Americans. Demand for electricians, plumbers, welders, HVAC techs, and contractors has gone vertical, and it is not a one-time construction job. These buildings get upgraded and expanded over time. That is why the building trades are fighting for them, and why some unions are now treating opposition to data centers as a reason not to endorse politicians.
On power: the original fear was that households would pay for the incremental electricity demand in the form of higher prices. That is why the ratepayer-protection deals and the new large-load tariffs exist. The right structure is: the data center brings or pays for new generation and signs a contract long enough that existing customers are protected. Where that is happening, utilities are cutting or freezing residential rates and saying so on the record. Where it is not, people are right to object. Electricity prices are going down *today* in a number of large states because of data centers.
On the environment: data centers overwhelming use natural gas today, which is the cleanest power source outside of nuclear, solar and wind. And the companies that are building the data centers are committed to carbon neutrality such that an equivalent amount of solar will likely be built. Maybe more importantly, the data centers need batteries to function effectively and these batteries can also sell energy back into the grid (which recently prevented blackouts in Texas). Over time, data centers will run on solar plus batteries.
On the towns: Poverty in Quincy, WA fell from 29% to 6%. Data center taxes paid for a new high school, a hospital, a library, police and fire stations. This is happening in many left for dead former mill and farm towns that had no other bidder for the land.
Data centers are actually reindustrializing parts of America and creating the kind of working-class jobs both parties have spent decades claiming to support. That should not be a partisan issue. Data centers can and should be awesome for America and they increasingly, overwhelmingly are. Supporting the outsourcing of data centers to China will likely age just as well as support for the outsourcing of high quality, blue collar manufacturing jobs to China has aged.
When the facts change, I change my mind. I hope that reasonable people who had good faith reasons to oppose data centers at least consider updating their beliefs given the change in the facts over the last 18 months. This really matters for America.
I will say I also think the idea of making data centers beautiful is a good one that has yet to be implemented. Data centers should be just as beautiful as Grand Central Station. We can learn a lot from the railroad buildout. Neoclassical revival ftw.
Might write up open-weight AI tomorrow as this is equally essential to America.
When the facts change, one should change their mind. This is going to be a world revolution. In my local area (Ohio) my concern is that there must be utilities rate freeze for the public. That said, everything else is a WIN WIN WIN. Unions must back job-creating politicians.
Regret the tone of my post on data centers yesterday.
What I should have said:
There were reasonable concerns about data centers 18ish months ago: water, taxes, jobs, electricity prices, the environment and what they would do to small towns. Well-structured data center projects have largely addressed these concerns today and we should be celebrating this.
On balance, data centers are awesome for America in every way.
On water: U.S. data centers use a fraction of what golf courses use. A lot of the numbers from 18 months ago were off by over 1000x. Newer data centers use closed-loop systems or recycled water. Should be required by every town approving a data center project.
On taxes: looking only at sales-tax exemptions, as Ronan Farrow did, is the wrong way to evaluate this. Data centers pay significant property taxes. Loudoun County, which is the wealthiest county in America, now collects on the order of $1 billion a year from data centers. In Quincy, WA, data centers are more than half the property-tax roll. Over time, property taxes can go to zero while government spending increases in these towns.
On jobs: this has been unambiguously awesome for blue collar Americans. Demand for electricians, plumbers, welders, HVAC techs, and contractors has gone vertical, and it is not a one-time construction job. These buildings get upgraded and expanded over time. That is why the building trades are fighting for them, and why some unions are now treating opposition to data centers as a reason not to endorse politicians.
On power: the original fear was that households would pay for the incremental electricity demand in the form of higher prices. That is why the ratepayer-protection deals and the new large-load tariffs exist. The right structure is: the data center brings or pays for new generation and signs a contract long enough that existing customers are protected. Where that is happening, utilities are cutting or freezing residential rates and saying so on the record. Where it is not, people are right to object. Electricity prices are going down *today* in a number of large states because of data centers.
On the environment: data centers overwhelming use natural gas today, which is the cleanest power source outside of nuclear, solar and wind. And the companies that are building the data centers are committed to carbon neutrality such that an equivalent amount of solar will likely be built. Maybe more importantly, the data centers need batteries to function effectively and these batteries can also sell energy back into the grid (which recently prevented blackouts in Texas). Over time, data centers will run on solar plus batteries.
On the towns: Poverty in Quincy, WA fell from 29% to 6%. Data center taxes paid for a new high school, a hospital, a library, police and fire stations. This is happening in many left for dead former mill and farm towns that had no other bidder for the land.
Data centers are actually reindustrializing parts of America and creating the kind of working-class jobs both parties have spent decades claiming to support. That should not be a partisan issue. Data centers can and should be awesome for America and they increasingly, overwhelmingly are. Supporting the outsourcing of data centers to China will likely age just as well as support for the outsourcing of high quality, blue collar manufacturing jobs to China has aged.
When the facts change, I change my mind. I hope that reasonable people who had good faith reasons to oppose data centers at least consider updating their beliefs given the change in the facts over the last 18 months. This really matters for America.
I will say I also think the idea of making data centers beautiful is a good one that has yet to be implemented. Data centers should be just as beautiful as Grand Central Station. We can learn a lot from the railroad buildout. Neoclassical revival ftw.
Might write up open-weight AI tomorrow as this is equally essential to America.
CryptoRant.eth ✌☮ retweeted
for the first time in years, I’m adding to my long term Bitcoin stack
not because it can’t go lower
but because I think it’ll go much higher eventually
goodluck to all.
my $102k target has been hit.
I continue to target further price discovery, but I simply understand that I cannot profit from this market, unless I take profit
Fib extensions are a good way for me to balance that idea. Provides me a sense of peace, and comfort.
To clarify, that is in reference to my Spot trade where I gained a ~$57k entry in September - the same trade which I tp'd a minor amount upon local trend breakdown that made many upset just a few weeks ago
BUT
in addition to that, I will also take profit on my Ledger / long-term holdings, for the first time ever, since 2017
some very simple advice that I've often given others that has enlightened them, is:
"if you make life-changing money, change your life"
after diamond-handing and accumulating for 7 years, in addition to having the best 3-month spurt of my entire trading career, I can now retire my mother, comfortably, without it making a massive dent in my networth
words cannot express how amazing that feels.
that has been my main goal in life, since I was 14 years old, and if you've followed me for awhile, you know I've been very transparent about this goal.
that money will be moved into the real world, and will never see the crypto world again.
I will continue normal operations - looking for a place to get rid of a bulk portion of my 7yr bags, in addition to managing my open positions, and looking for new opportunities.
but there is now nothing that this market, or anything else, can do to the profit I've locked in to retire my mom - perfect timing too as my nephew is on the way later this month, and that's her first grandchild.
I won, forever.
Much love🖤
CryptoRant.eth ✌☮ retweeted
A person representing themselves in court hid a prompt injection attack in a filing asking an AI system to side with them. Really good stuff here
CryptoRant.eth ✌☮ retweeted
🦔Meta CTO Andrew Bosworth told employees that AI productivity gains should go into more work, not more time off. When a staffer asked about bringing back extra vacation days, Bosworth said to spend the time building more products because Meta employees are "doing the most exciting stuff on the planet." He told the employee to stop asking about time off and to ask their parents whether that makes a good career strategy.
My Take
The whole pitch for AI was that it gives workers time back. Bosworth just confirmed that at Meta, the time goes back to the company. An employee who becomes twice as productive with AI does not get to work less or take the gains home. The output doubles, the pay stays flat, and the difference goes to the company. He was blunt about it, but the position is standard across every firm rolling out AI right now.
When AI makes an employee more productive, that extra value has to go somewhere. It reaches the worker through higher pay or more time off, or it reaches shareholders through fatter margins. Bosworth answered which one Meta picked. Median comp at Meta runs around $300,000, so this is not about underpaid staff. It is about who keeps the gains from a technology sold to the public as a way to make everyone's life easier. Every past productivity boom ended the same way, and I see nothing about this one that breaks the trend.
Hedgie🤗
Back at the number 1 ballpark in The Land, and knocking out a 9- 9- 9 challenge. A bad evening to be a beer.
@TheDirtySports @MillerLite @FixYourLife
CryptoRant.eth ✌☮ retweeted
Time Magazine, February 24th 1961
In the 5 years that followed the labor force grew by 6.4% and real wages grew by 9.9%.
Some quotes:
The number of jobs lost to more efficient machines is only part of the problem. What worries many job experts more is that automation may prevent the economy from creating enough new jobs.
Many of the losses in factory jobs have been countered by an increase in the service industries or in office jobs. But automation is beginning to move in and eliminate office jobs too.
In the past, new industries hired far more people than those they put out of business. But this is not true of many of today’s new industries. The switch from manned military aircraft to missiles has cost 200,000 production jobs, even though the aircraft industry’s dollar volume is up.
CryptoRant.eth ✌☮ retweeted
Absolutely wild that West Virginia legend Mike Gansey finished 2nd to LeBron James as Ohio’s Mr. Basketball in 2001.
25 years later, the new 76ers GM just traded for Jaylen Brown on the cheap & signed LeBron. 🤯
Some very intelligent graffiti found under a bridge in downtown Cleveland Ohio. Props to the artist.
CryptoRant.eth ✌☮ retweeted
I genuinely believe talking shit to strangers in game chat was the best therapy for some people.
You'd get called every name imaginable by a 13yr old whose smoke alarm chirped every 30 seconds for the last six months. You'd tell him his mom was making pizza rolls, the whole lobby would erupt, and for the next 10 minutes both of you would try to outdo each other.
Then the match ended, you queued again, and neither of you thought about it ever again.
It was competitive. It was ridiculous. It let people blow off steam without pretending everyone had to like each other.
People were less sensitive.
Now someone says "gg" with the wrong tone and HR gets involved.
Cool, I had a long open 🤣
We're all baptized by the rug.
Two days ago $H (@Humanityprot) announced staking was live with 30,000,000 tokens in rewards.
Today, they dumped $H by 90%.
Literal crime.
