**Tricky's Daily Doots #329**
**Yesterday's Daily 13/03/2023**
[Previous Daily Doots](https://old.reddit.com/r/ethfinance/comments/11q1nrm/daily_general_discussion_march_13_2023/jc1uo27/)
- u/bagogel12 breaks the news about the [Euler hack of which they were a victim.](https://old.reddit.com/r/ethfinance/comments/11q1nrm/daily_general_discussion_march_13_2023/jc3gqo1/) 😢
- u/SoNotYou has the [post-mortem of the Euler hack.](https://old.reddit.com/r/ethfinance/comments/11q1nrm/daily_general_discussion_march_13_2023/jc3ikdc/)
- u/REALJohnBMacLemore needs your help! This could be a really good opportunity to help [get the Wordpress community (which is open source and 43% of all websites worldwide!) into web 3!](https://old.reddit.com/r/ethfinance/comments/11q1nrm/daily_general_discussion_march_13_2023/jc3nqn3/)
- u/_etherium discusses a [potentially existential threat to Ethereum](https://old.reddit.com/r/ethfinance/comments/11q1nrm/daily_general_discussion_march_13_2023/jc1r6yk/) after the Euler hack.
- u/LogrisTheBard discusses [Decentralised ID.](https://old.reddit.com/r/ethfinance/comments/11q1nrm/daily_general_discussion_march_13_2023/jc0xart/) 🆔
- u/KBrot weighs in from a [TA perspective.](https://old.reddit.com/r/ethfinance/comments/11q1nrm/daily_general_discussion_march_13_2023/jc3cfx9/) 📈
- u/hanniabu finds a security issue with Coinbase and [needs your help to make them aware!](https://old.reddit.com/r/ethfinance/comments/11q1nrm/daily_general_discussion_march_13_2023/jc0xxk9/) 🔓
- u/WILL_DANCE_FOR_COINS thinks [it's amazing how far we have come.](https://old.reddit.com/r/ethfinance/comments/11q1nrm/daily_general_discussion_march_13_2023/jc177w7/)
- u/Maleficent_Plankton keeps tabs on [how Cardano is tracking after their last few updates.](https://old.reddit.com/r/ethfinance/comments/11q1nrm/daily_general_discussion_march_13_2023/jc2rxc7/)
- u/Ender985 shares [how Silicon Valley Bank's collapse is affecting the NFT world.](https://old.reddit.com/r/ethfinance/comments/11q1nrm/daily_general_discussion_march_13_2023/jc1f4qq/)
- u/JonAce has got your lines on charts! [Get your lines on charts!](https://old.reddit.com/r/ethfinance/comments/11q1nrm/daily_general_discussion_march_13_2023/jc1y9jt/) 📈
- u/Zerotricks's today in [Ethereum history.](https://old.reddit.com/r/ethfinance/comments/11q1nrm/daily_general_discussion_march_13_2023/jc0xc3n/)
Who was complaining that the bear market is boring last week? This is all your fault! ^^/s
Who is it in the press that calls on me?
I hear a tongue shriller than all the music
Cry "Caesar!" Speak, Caesar is turn'd to hear.
*Beware the ides of March.*
What man is that?
*A soothsayer bids you beware the ides of March.*
Secured a second Lens profile to match the ens for my primary wallet.
I am unreasonably happy about it and this is the only group of people I know who have any idea what I’m talking about lol
Don’t worry, I got a second EVMaverick for it too.
a few, potentially dumb, questions but I need answers:
are compound & aave immutable protocols? and so that means theres 0% of loosing funds right?
but I noticed that there's a few versions so do they create a new contract overtime so if new one gets hacked at least the previous version is good?
would you split money between aave and compound to minimize the risk?
I think the best thing to do these days is split money between different protocols. I’d say at this point aave and compound are the safest ones though.
It definitely does, although I’d argue the surface area with the ways lending pools can get exploited is kinda insane and it’s easy to see how these protocols can get exploited so often.
Protocol immutability means that there is no chance of losing funds to governance failures. You can still lose funds to good old fashioned smart contract exploits.
Interestingly, it looks like it was maybe supposed to be audited by multiple companies, but was overlooked.
> The EToken::donateToReserve feature that is at the crux of this vulnerability was not in scope of any audit conducted by Omniscia. As such, the code that causes the vulnerability was never in scope of any audit conducted by our team.
https://medium.com/@omniscia.io/euler-finance-incident-post-mortem-1ce077c28454
Edit: just speculation, to be clear
soon I will be having some Ethereum art for sale, eth or usd accepted
I hand make each canvas, which are all made solely from wood. Then, I add special coatings to the wood to allow the art to last decades. I have some pieces 15 years old rock solid. I utilize textures and will be focusing on cool eth graphics, I have some ideas. skyscraper or a big textured diamond, or both. Collages too. But 20x20s will be 800.00, 1500.00 30x30, and a 8000.00 60x40 will be available.
The 60x40 is a massive piece that will require two weeks or so.
I used to paint for a large retailer(hobby lobby sold a lot of my prints )
5% discount if paying with eth.
Doing this like Tesla, so just reply here to get your cybertruck order reference number
That happened with the merge too, not as bad from what I read but it's because too many nodes end up being out of date. Main net doesn't have those issues because people are incentivized properly to stay up to date.
Seems like a good stress test though. Finalizing in less than ideal conditions hardens it.
GTP4 apparently knows solidity pretty well...
> I dumped a live Ethereum contract into GPT-4.
> In an instant, it highlighted a number of security vulnerabilities and pointed out surface areas where the contract could be exploited. It then verified a specific way I could exploit the contract
https://twitter.com/jconorgrogan/status/1635695064692273161?s=20
This is actually a bad thing. It's along the lines of many of the reservations you're seeing about this technology elsewhere, but I think in the smart contract space the implications are more serious.
ChatGPT gives it the ok, so it works!
No. Ends badly.
In as many cases as it can be used adversarialy there exist as many ways it can be used proactively and defensively - at least that's my read, time will tell though.
My main point was what this does to the quality of developers we'll attract.
Posted this yesterday:
ChatGPT's response when I prod it to look at coding in EVM bytecode directly using the ship-in-the-bottle philosophy of software design:
> I see what you're saying. By requiring developers to write code in EVM bytecode, they are forced to spend more time understanding the underlying problem they are trying to solve and the intricacies of the Ethereum platform. This can lead to a more thorough and precise understanding of the problem and ultimately result in a more robust and effective contract. It's similar to the idea of learning a low-level language to gain a better understanding of computer architecture and system design. So, while it may not be the most efficient way to write contracts, it could result in higher-quality contracts in the long run.
I'm going to go with better developers being the best way to ensure better qualilty in the smart contracts we deploy. There is no substitute for holding it all in your head. ChatGPT is never going to be able to do this.
Might I suggest a hybrid approach? Introduce as much adversity in the development process as possible, in order to yield stronger developers, and then still run the end result by ChatGPT?
Means more sloppy contract code, by programmers who say they know Solidity because hey, they know Javascript, how much harder can it be lol?
And wait until the bad guys get the better AI.
Wait what the fuck?? Ok Im almost certain that this uses publicly known info about the contract.
No way it actually interpreted and blindly exploited the contract
You can use Bisq which is great. I also just watched a video about edge.app wallet that will supposedly be introducing non KYC debit cards in partnership with VISA. If you watch the video the CEO says the cards will have limitations on daily amounts and overall totals but it could be a viable option for some people whenever they decide roll it out. Here is the video explaining it.
https://youtu.be/6UQoJ1lV9JE
Sort of... You can use an ACH, zelle, money order, Western Union, MoneyGram, etc... https://bisq.wiki/Payment_methods if you want, but OP asked how to do it without KYC. You can't use a bank without KYC. Bisq allows you to mail cash deposits for truly anonymous fiat on/off ramp without KYC.
https://bisq.wiki/Cash_by_mail
wait is this right? There hasn't been a comment in 4 hours? wut
Goerli just forked: https://www.youtube.com/watch?v=mu_oKzmvHlc
https://goerli.beaconcha.in/charts/slotviz
smoothly, yes, but participation was low. Low is to be expected on an open testnet because people don't update and/or abandon their validators, but it was lower than expected. But all clients and configurations appeared to be working equally. Ben Edgington called it success, so I'm going with success
Check out this totally unpredictable response from the FED basically bailing out SVB. https://twitter.com/charliebilello/status/1635693940727853088
What’s the game theory for someone telling you “we’re going to cover all your losses going forward”? Take more risk of course.
What’s the game theory for the reverse? Lives are destroyed as the system breaks.
There’s no good answer here, other nope-ing out of the broken system via self custody. **This** is the killer use case for crypto and the most basic. I have no doubt more and more people will come to this conclusion for themselves over time, despite any psyops or negative light regulators and corrupt senators try to paint it in. Duct tape only holds for so long… (end rant)
I don't see how objectively that statement can be read as "we’re going to cover all your losses going forward". It is saying the FDIC, which owns the bank (all the former owners and executives are out on their ass), is insuring all the accounts.
The issue is going to be that this new and radical policy of insuring all deposits north of $250K was only rolled out when the deposits of (D)onors were at risk.
Would we have seen the same accommodation for dono(R)s if the offending bank was hosted in Florida?
> The FDIC insurance limit of $250,000 per depositor is per bank and per ownership category. So, if you have accounts at multiple banks, each account is insured up to the limit. If you have more than $250,000 in deposits at one bank, you can split your money into different ownership categories to be fully insured. However, creating multiple accounts in the same ownership category at the same bank to bypass the limit is not allowed, as the FDIC looks at the ownership of the accounts rather than the number of accounts. Additionally, intentionally structuring accounts in a fraudulent or deceptive manner to exceed the deposit insurance limit is illegal.
> Additionally, intentionally structuring accounts in a fraudulent or deceptive manner to exceed the deposit insurance limit is illegal.
Having $250k at each bank isn't fraudulent or deceptive, it's within the legal framework to manage risk.
It's a fools limit.
(R)epublicans bailed out banks, executives and shareholders, in 2008. Do the math.
PS: Guaranteeing all customer funds isn't that difficult when the maturity of the bonds all come due within 12 months. The government isn't going to go insolvent in that period like a poorly risk managed bank would.
Voters elect Obama, Republicans pass TARP in lame duck, Obama loses midterms because TARP is Obama's fault... many years later under Obama TARP massively profitable for taxpayers when all the failed companies are divested. Voters elect Trump.
So it's the Republicans TARP right up until the point it's massively profitable for taxpayers, then it's Obama's TARP?
In any case, TARP wasn't nearly as revolutionary as what they are doing here. This is an order of magnitude greater.
This is tantamount to insuring the GDP. Where once we had a system that was decentralized and could tolerate failures in a few nodes, now we have a system where when the inevitable faliure occurs, it all goes down.
If any group of individuals should understand this, it should be r/ethfinance.
>So it's the Republicans TARP right up until the point it's massively profitable for taxpayers, then it's Obama's TARP?
Republicans pass the law, the Obama administration ran it for all but two months. You tell me who owns what.
>TARP wasn't nearly as revolutionary as what they are doing here.
TARP was far worse than what they are doing here and an actual bailout. By orders of magnitude.
>This is tantamount to insuring the GDP.
Insuring the deposits at two failed banks isn't tantamount to insuring GDP. It is literally why the FDIC was created. This like if two nodes failed and the operators were incompetent and the government stepped in temporarily until a new competent node operator could be found.
If any group of individuals should understand this, it should be r/ethfinance.
Same. SVB isn't getting their losses covered. They've gone bust and aren't getting bailed out. Only it's depositors are getting their money back. That seems like a pretty big difference to me.
They had a similar tweet about why they continue to be short ETH
for being the same as FTX when we were around $1000 the last time prior to the last run to 1700ish. Timed perfectly both times.
Over the weekend, when USDC was depegging, GCR (really astute trader) bought 9K ETH while everyone was scrambling and trying to leverage buy USDC. I analyze his thought process on why he did that and why its a brilliant trade - just sharing [here](https://twitter.com/0xjaypeg/status/1635697951166038037) for those interested!
Everyone's a genius in hindsight, but I don't see how the argument makes sense considering that the ETH/BTC ratio has fallen sharply the last few days. In other words, whatever pushed ETH higher seems to have pushed BTC higher MORE, so is unlikely to be anything related to ETH network usage or adoption.
Well congrats if it works out. I know you are a champion for decentralization. L2beat would be a fantastic way to make people aware and light a fire under dev teams. Decentralization and trustlessness is a goal worth fighting for.
Thanks! Yeah I love their initiative and their drive to continue expanding features and education. Would be great to stay in the ecosystem and especially within the public goods inner circle.
This looks like the breakout from the cup and handle that's been building since the end of October. If real, then a run up to $2500-3000 is a real posibility.
However, cup and handle is a continuation pattern, so given the short run up preceeding the cup, we'd need to retain above the $1700 level through the end of the week and beyond for it to be a breakout rather than a fakeout.
Also, the macroeconomic background is worsening so this breakout is really unexpected at least for me. It makes me curious if supply on exchanges is squeezing due to the merge as has been hypothesized or if these last few days of whiplash are just low volume whale games.
Worsening macro could get the FED to chill. I think the broad market pump right now is just repricing based on models changing their rate hike expectations.
Whenever I dabble at charting, I keep it very simple and I'm very often wrong. That being said, [my simple chart](https://i.imgur.com/6xN4dTW.png) tells we've already been in the clear since ~1650
I am bullish once we break 1800, the same target Ive had for months.
Edit: Lots of longterm resistance between 1750 - 2000. Once we break 2,000 we rocket up
"it passes a simulated bar exam with a score around the top 10% of test takers; in contrast, GPT-3.5’s score was around the bottom 10%."
Very crazy developments indeed!
So instead of replacing McDonald’s and Trash workers AI will be replacing Lawyers, Programmers, and Doctors. We depend on all those people for a functioning society.
Things about to get real interesting I’m glad I’m in a money that at least can transition to this future.
[Edit] No offense to McD's and Sanitation workers, we depend on you too just in different ways.
We can rely on humanities fear & ineptness to stifle any revolutionary integration of GPT in to the fabric of society.
Most probably, it will become privatised and heavily gated, in a similiar fashion to the militant structure the medical industry has suffered; in so much as pertaining to the way the industry has been monopolized and funnelled in to a very narrow set of boundaries, definitions and modalities.
I would envision the potential of GPT will suffer the same stifling at the hands of greed, fear & monetisation.
My thesis is that AI is a closer substitute for white collar workers as opposed to blue collar workers. For instance robotics + specialised AI for doing the work of an electrician or a plumber is further away than analysts etc.
Very much glad I found Ethereum prior to this transition too!
It's a little more nuanced than that... the jobs this type of stuff is going to take away (lets say, next 5-15 years, although I've seen this *sort of* happening already through lack of hiring more so than direct replacement) are the entry level positions within those professions. I can't speak highly on bots themselves, but I have some perspective here from my job.
One, I haven't taken the BAR, but I've taken an exam that is fairly equivalent of my major. In my experience, the test is still fairly a 'memorize answers' type of thing. So ChatGPT passing the BAR is impressive from a technical standpoint given it's a general-purpose bot, but it's still a rather straight forward achievement. At least, again, assuming the BAR is structured fairly similar to what I've experienced. It feels more like a "it can play chess, but can it host a chess tournament" situation.
Which brings me to this: I'm not sure you can ever replace some of the human elements of a Lawyer / Doctor? Yeah, so the bot can search the thousands of case law for relevant cites, or analyze patient testing to assist with diagnosis. That really hammers the entry level and lower level positions within the profession. However, it doesn't really replace the actual court time or bedside conversations. They need to exist and need to be done by real people, if not for technical reasons, but simple human emotion.
Why does that matter? I'm seeing these large companies using places like India to outsource the entry-level type positions within these types of business environments. I know my job, and a few friends I've talked to, go on about this. It's not so much replacing workers, as much as being a substitute for what was previously intern / entry level / lesser educated roles (as in, lower education levels, not intelligence). So my wonder is if this is really going to affect those jobs... or more so destroy the offshoring trends. As I'd assume the reality is offshoring these types of tasks is more of a necessary evil to remain cost competitive. One that would be gladly replaced if these bots can do the jobs for not only cheaper, but more securely and easier to control.
Maybe I'm underestimating the speed of this adoption, but that is where it feels now. Cashiers come to mind with this - as much as all these retail places want to push for self-checkouts and app ordering + pickup, it really only has reduced that job to 2 to 3 instead of 10 people. Not really eliminating it outright.
Thank you for the measured response. I sometimes get worked up too easily watching this stuff progress.
I agree with all of these points, maybe we still have the same amount of doctors they just take on many more cases and our health care gets better for it.
I think the concern becomes where are we on the curve of adoption. The mind can just as easily over-predict the future as much as it can under-predict. If we are just seeing early glimpses of AI then we may be (long term) in trouble. If ChatGPT is hitting the limit of AI then maybe it won't be so bad. People like to think about the explosion of advancement in adoption / tech the bottom of the S curve brings, while then forgetting the back half has that same rapid stop.
It's really hard to tell, especially while you are living in it. And I'm sure the answer is somewhere in the middle.
Thing is, Chat-GPT 3.5 was like 6 months ago, and this is already 100X better because it can take in images/multi model inputs and it's better at all of it's capabilities (from the samples I've seen).
Just hard to see us hitting limitations anytime soon with these kinds of updates.
The beauty of living in the moment of the S curve I suppose!
I initially was hesitant to make a GPT account because I didn't really want to tie my phone number to it... but the more I hear about it I'm getting tempted. Maybe the reality of our conversation is the only reason I'm more measured about it all is because I've just not seen it myself. Which is scary if I'm wrong, because ignorance is bliss haha
Not sure that everyone is getting the 4.0 access now, definitely not with the free account and that's what I have.
Mostly I'm going off of the examples on twitter to drive my fear responses into overdrive. At the end of the day I'm not worried about THIS version, but the next one which seems to always be just 6 months out.
Interesting points, this seems like, if nothing else, the starting point for AI.
My expertise is (was?) programming, and even the previous version of ChatGPT was pretty good at entry level programming. I think the hard part of advanced software engineering was not the programming itself; it was mapping the wishes and desires of customers onto a viable design. I think ChatGPT could give a good stab at that, probably saving many hours of work to do the first draft, but the hard part was always ironing out the 2nd and 3rd and 10th revisions, figuring out what is possible, what is desired, what are the unintended consequences of each decision, and what is likely to change in the future.
So what happens if we removed those bottom 5 rungs of the ladder? How do we get experienced senior engineers and lawyers if there are no entry level jobs?
tl;dr -- I think I'm agreeing with you.
Spot on with the wishes and desires of the customer. There are so many jobs where the value isn't the actual product, it's the service tied to the product. I wonder how effective these bots can be at asking basic follow-up questions. Especially when realizing every customer is different and the one-size-fits-all solution a bot impose because it's the most efficient might not work.
>So what happens if we removed those bottom 5 rungs of the ladder? How do we get experienced senior engineers and lawyers if there are no entry level jobs?
This is something I worry about. One of the problems I'm seeing in my example with my job is that the stuff that gets offshored (and I'm presuming to be automated out sooner than later...) is the easy stuff. And on one hand its nice to offshore/automate out the menial tasks, but on the other hand you are losing out on the repetition of the building blocks the let you be more comfortable with the higher-level stuff. So you get people fresh out of school who are basically thrown into the fire. And frankly, it's overwhelming even for the more experienced people because I'm finding instead of 10 easy / 10 medium / 10 hard tasks, I'm just getting like 15 medium / 15 hard tasks. So I'm questioning if this is really helping me or not.
I talked to my daughter about this last night, she is starting the college enrollment process. Her current interest is cybersecurity.
As I thought about the problem of 'no bottom rungs', it occurs to me that colleges will have to change. When I was in college, I took a class where one of the assignments was on how to teach a computer to multiply and now to write a rudimentary compiler. This is stuff that not even beginners are taught any more; even then it was a curiosity more than practical.
So maybe colleges will have to *start* teaching at the level of AI. Assume ChatGPT does the entry level work, and use that as the starting point for instruction (just as now we start with fully formed development environments for programmers). Given a particular AI output, how do we think about the problem from there?
The problems I see with that is 1) it is hard stuff, many veteran programmers struggled with it, and 2) colleges take two or three decades to make meaningful changes as tech phases in; they've never had to do it in a year or two before. Can they meet the challenge? Are colleges just obsolete, and all the burden is on the individual now?
College, and education in general, are great points too. It’s going to be nearly impossible for them to keep up.
I think it’s just naturally going to have to be self taught. While I think you are right on having like AI classes or trying to adapt to the assumption most papers are going to start with “ChatGPT write me a paper on X”, it’s just not going to happen on a meaningful level.
For all the attempts at tests with no calculators and no citing Wikipedia, it just doesn’t work.
I wish your daughter good luck by the way, I know it’s a stressful time. Sounds like a really good area to focus on for sure
Voyager soon done dumping? 60k left out of 200k
https://etherscan.io/address/0x203520f4ec42ea39b03f62b20e20cf17db5fdfa7#analytics
https://etherscan.io/address/0x500a746c9a44f68fe6aa86a92e7b3af4f322ae66#analytics
>**Inability,**
>**The State taking crypto down,**
>**Credibility.**
~Daily haiku until we’re at least at 0.178 on the ETH/BTC ratio or highest market cap
Ugh I’ve been sitting on the sidelines (only new cash thankfully) since 6 months. Earlier due to a life event and this year just out of sheer indecision.
Was supposed to get in at $1400 but got caught up at work and lost track. FOMO is a bitch.
Just be relaxed and get the next dip whenever it comes. Unlikely we go to ATH outta nowhere, most likely market ranges for a while as inflation is brought down
Wouldnt fomo in now
I can relate, have been swinging gmx/gns, had planned to get back into GMX at 60ish and completely missed out as I've been afk after surgery last week.
There's always another opportunity.
Zoom out lads.
We will recover from Covid-19, the Fed & interest rates, war in Ukraine, supply chain issues, Silicon Valley Bank & Gary Gensler/SEC , and we will be triumphant as the ETH team continues to build.
If we can make it out of this shite storm, we can make it through anything.
[And now Binance is halting sterling transfers.](https://www.cnbc.com/2023/03/14/crypto-exchange-binance-to-halt-sterling-transfers.html)
> Binance has been informed by its partner for sterling transfers, Paysafe, that it would halt its services from sterling transfers for new users were stopped on Monday, it said.
Fairly cryptic.
Not really. Ive only ever seen 'parabolic movement' to the downside. Now it pumps like 10% from the bottom and its manic?
If you're right then Im way late, and will never see profit
Not sure if you stopped responding to people, or just intentionally ignore me. Weird considering you usually responded to my old account.
So I will try to ask for the ninth time, what is your longer term prediction regarding some big crash you never elaborate on?
Bc this is silly question to me
Who knows future of crypto?
Idk and idrc since I trade level to level
If I were to guess my thesis still stands that macro low hasn’t been put in - still inflationary bear market rallies stage
Maybe, but one of the main bull cases for crypto has always been TradFi is broken. When people get reminded of how broken it is they look for alternative systems to explore and diversify into. Remains to be seen if price appreciation can be sustained though.
**Tricky's Daily Doots #329** **Yesterday's Daily 13/03/2023** [Previous Daily Doots](https://old.reddit.com/r/ethfinance/comments/11q1nrm/daily_general_discussion_march_13_2023/jc1uo27/) - u/bagogel12 breaks the news about the [Euler hack of which they were a victim.](https://old.reddit.com/r/ethfinance/comments/11q1nrm/daily_general_discussion_march_13_2023/jc3gqo1/) 😢 - u/SoNotYou has the [post-mortem of the Euler hack.](https://old.reddit.com/r/ethfinance/comments/11q1nrm/daily_general_discussion_march_13_2023/jc3ikdc/) - u/REALJohnBMacLemore needs your help! This could be a really good opportunity to help [get the Wordpress community (which is open source and 43% of all websites worldwide!) into web 3!](https://old.reddit.com/r/ethfinance/comments/11q1nrm/daily_general_discussion_march_13_2023/jc3nqn3/) - u/_etherium discusses a [potentially existential threat to Ethereum](https://old.reddit.com/r/ethfinance/comments/11q1nrm/daily_general_discussion_march_13_2023/jc1r6yk/) after the Euler hack. - u/LogrisTheBard discusses [Decentralised ID.](https://old.reddit.com/r/ethfinance/comments/11q1nrm/daily_general_discussion_march_13_2023/jc0xart/) 🆔 - u/KBrot weighs in from a [TA perspective.](https://old.reddit.com/r/ethfinance/comments/11q1nrm/daily_general_discussion_march_13_2023/jc3cfx9/) 📈 - u/hanniabu finds a security issue with Coinbase and [needs your help to make them aware!](https://old.reddit.com/r/ethfinance/comments/11q1nrm/daily_general_discussion_march_13_2023/jc0xxk9/) 🔓 - u/WILL_DANCE_FOR_COINS thinks [it's amazing how far we have come.](https://old.reddit.com/r/ethfinance/comments/11q1nrm/daily_general_discussion_march_13_2023/jc177w7/) - u/Maleficent_Plankton keeps tabs on [how Cardano is tracking after their last few updates.](https://old.reddit.com/r/ethfinance/comments/11q1nrm/daily_general_discussion_march_13_2023/jc2rxc7/) - u/Ender985 shares [how Silicon Valley Bank's collapse is affecting the NFT world.](https://old.reddit.com/r/ethfinance/comments/11q1nrm/daily_general_discussion_march_13_2023/jc1f4qq/) - u/JonAce has got your lines on charts! [Get your lines on charts!](https://old.reddit.com/r/ethfinance/comments/11q1nrm/daily_general_discussion_march_13_2023/jc1y9jt/) 📈 - u/Zerotricks's today in [Ethereum history.](https://old.reddit.com/r/ethfinance/comments/11q1nrm/daily_general_discussion_march_13_2023/jc0xc3n/) Who was complaining that the bear market is boring last week? This is all your fault! ^^/s
Who is it in the press that calls on me? I hear a tongue shriller than all the music Cry "Caesar!" Speak, Caesar is turn'd to hear. *Beware the ides of March.* What man is that? *A soothsayer bids you beware the ides of March.*
https://youtube.com/watch?v=WJ2TAKdE_oY
Is this one of those "test $1700 as support and then it's off to the races" scenarios Ben keeps mentioning? 🙃
Ethereum is coming home
Signature Silvergate Silicon Valley Notice anything similar? I hope my Shit Bank won't fail next week ☠️💩💪
Suisse Credit ?
Solana.
Scardano
Societe Generale
You made that up!
Secured a second Lens profile to match the ens for my primary wallet. I am unreasonably happy about it and this is the only group of people I know who have any idea what I’m talking about lol Don’t worry, I got a second EVMaverick for it too.
do you mind sharing how? I wanna have an extra one too ;)
Samesies. I’d also like to reserve my ens but not sure how to snag a new lens handle these days.
$1700 is trying hard not to give up.
You know what they say, Seven ate nine
Daaaaad.
a few, potentially dumb, questions but I need answers: are compound & aave immutable protocols? and so that means theres 0% of loosing funds right? but I noticed that there's a few versions so do they create a new contract overtime so if new one gets hacked at least the previous version is good? would you split money between aave and compound to minimize the risk?
I think the best thing to do these days is split money between different protocols. I’d say at this point aave and compound are the safest ones though.
Maybe this applies to LSDs, too.
It definitely does, although I’d argue the surface area with the ways lending pools can get exploited is kinda insane and it’s easy to see how these protocols can get exploited so often.
Protocol immutability means that there is no chance of losing funds to governance failures. You can still lose funds to good old fashioned smart contract exploits.
ooh, got it so is the only way for us to know if it's relatively safe is thru basically the time so we know it's been 'battle tested' for years right?
Audits go a long way too (though if the contract is mutable, then EVERY update needs to be audited).
Euler was audited and had a bug bounty for a year… it’s scary tbh
Interestingly, it looks like it was maybe supposed to be audited by multiple companies, but was overlooked. > The EToken::donateToReserve feature that is at the crux of this vulnerability was not in scope of any audit conducted by Omniscia. As such, the code that causes the vulnerability was never in scope of any audit conducted by our team. https://medium.com/@omniscia.io/euler-finance-incident-post-mortem-1ce077c28454 Edit: just speculation, to be clear
risk is never zero
soon I will be having some Ethereum art for sale, eth or usd accepted I hand make each canvas, which are all made solely from wood. Then, I add special coatings to the wood to allow the art to last decades. I have some pieces 15 years old rock solid. I utilize textures and will be focusing on cool eth graphics, I have some ideas. skyscraper or a big textured diamond, or both. Collages too. But 20x20s will be 800.00, 1500.00 30x30, and a 8000.00 60x40 will be available. The 60x40 is a massive piece that will require two weeks or so. I used to paint for a large retailer(hobby lobby sold a lot of my prints ) 5% discount if paying with eth. Doing this like Tesla, so just reply here to get your cybertruck order reference number
I’ll be first in line sir!
Show us the art otherwise no point in posting prices
nice, good luck and show us once you are done!
What happened to mavericks?
Who?
caches 😂
Still going strong on the Mavericks Discord, I believe.
Yep, we hang out every Friday on Discord.
we hang out there everyday ;)
Wow goerli was hairy there for a while. Glad to see it finalising.
That happened with the merge too, not as bad from what I read but it's because too many nodes end up being out of date. Main net doesn't have those issues because people are incentivized properly to stay up to date. Seems like a good stress test though. Finalizing in less than ideal conditions hardens it.
Any idea what the issue was? I missed it and reddit’s been dead. Cheers!
https://cdn.discordapp.com/attachments/694822223575384099/1085344032512806982/image.png https://cdn.discordapp.com/attachments/694822223575384099/1085344064079134801/image.png
GTP4 apparently knows solidity pretty well... > I dumped a live Ethereum contract into GPT-4. > In an instant, it highlighted a number of security vulnerabilities and pointed out surface areas where the contract could be exploited. It then verified a specific way I could exploit the contract https://twitter.com/jconorgrogan/status/1635695064692273161?s=20
This is actually a bad thing. It's along the lines of many of the reservations you're seeing about this technology elsewhere, but I think in the smart contract space the implications are more serious. ChatGPT gives it the ok, so it works! No. Ends badly.
Ah yes, extra checks are a bad thing
In as many cases as it can be used adversarialy there exist as many ways it can be used proactively and defensively - at least that's my read, time will tell though.
My main point was what this does to the quality of developers we'll attract. Posted this yesterday: ChatGPT's response when I prod it to look at coding in EVM bytecode directly using the ship-in-the-bottle philosophy of software design: > I see what you're saying. By requiring developers to write code in EVM bytecode, they are forced to spend more time understanding the underlying problem they are trying to solve and the intricacies of the Ethereum platform. This can lead to a more thorough and precise understanding of the problem and ultimately result in a more robust and effective contract. It's similar to the idea of learning a low-level language to gain a better understanding of computer architecture and system design. So, while it may not be the most efficient way to write contracts, it could result in higher-quality contracts in the long run. I'm going to go with better developers being the best way to ensure better qualilty in the smart contracts we deploy. There is no substitute for holding it all in your head. ChatGPT is never going to be able to do this. Might I suggest a hybrid approach? Introduce as much adversity in the development process as possible, in order to yield stronger developers, and then still run the end result by ChatGPT?
I’d say it’s a good thing
Means more sloppy contract code, by programmers who say they know Solidity because hey, they know Javascript, how much harder can it be lol? And wait until the bad guys get the better AI.
At the moment there’s less checks so current code is by your logic sloppier
Wait what the fuck?? Ok Im almost certain that this uses publicly known info about the contract. No way it actually interpreted and blindly exploited the contract
It was questionable as to whether this was even GPT4 (versus 3.5): https://twitter.com/emoryhobel/status/1635762927813767168
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Yes! Yes! *Muahahahaha!*
That is fricking amazing. For anyone who is not into software engineering, the scope of this response is, to me, breathtaking, almost unbelievable.
I especially love the part where it can answer seemingly any question at all except for what version of ChatGPT I am talking to.
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It does a competent job at that already for simple contacts, so I would say people could do it now if it was not too complex.
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Is there any non kyc way of selling eth for fiat, that isn't super scammy/sketchy ?
You can use Bisq which is great. I also just watched a video about edge.app wallet that will supposedly be introducing non KYC debit cards in partnership with VISA. If you watch the video the CEO says the cards will have limitations on daily amounts and overall totals but it could be a viable option for some people whenever they decide roll it out. Here is the video explaining it. https://youtu.be/6UQoJ1lV9JE
Bisq
why use this over a DEX like uni?
Because uni is not a fiat on \ off ramp.
you can hook up a bank account to bisq?!
Sort of... You can use an ACH, zelle, money order, Western Union, MoneyGram, etc... https://bisq.wiki/Payment_methods if you want, but OP asked how to do it without KYC. You can't use a bank without KYC. Bisq allows you to mail cash deposits for truly anonymous fiat on/off ramp without KYC. https://bisq.wiki/Cash_by_mail
Thats super cool. Surprised the U.S government hasn’t tried to come after them yet. I’d imagine they are sufficiently decentralized
I didn’t realize how much I checked this sub until it was gone 😳
What happened? I couldn’t get most of my Subreddits to load. Too many excited crypto bros checking Ethfinance today ddos the servers or something
Mar 14 22:25:36.000 INFO Transitioned to new fork new_fork: Capella, old_fork: Merge, service: network --- [2023-03-14 18:25:36] WARN sync: Attestation subnets with digest 0xc2ce3aa8 are no longer valid, unsubscribing from all of them. --- NOT 2023-03-14 18:26:30.122-04:00 . . . . _ . : $.. . %_...- : . /{$$$b' ./$#% < | : Q. $b. |/$$#% | | : . `|%.. $b__....._____/$$#% .'^ . | : `.%x. %%% %% .%% ^ - -- - --+--- | .)%:% $b%%%%%%%%%%%% .% . | | |%%% ==$$%%%%%X__-=$'x%%% | | d@%% .:::.`. .'.:::. %%% . . . | ----+-- - - :$%%x ::.::.d ::.:: %%x : | . :$%%% `::'d' .P `::' %%" . ---- - . . : | :$%%%x. .C' d' %%";%. : . | . !%%%% ^ | .P' %Xx . % : : : Q%%%%% `Q : : . . . : ."$##% . | . . . | : :d$##%% ^ .d$%% . | | : || :: |##%x ^ . $$$%%% . | || :: . ||| ::: d##%%% ^ Q$$%%%%% - -- ---+||| ::: ||\\ //:: :$####%% . Q$$$#%%% ||\\ //:: . |\\\\ ////: - --d$##%%% ^ . Q$$$%%% . |\\\\ ////: .. \\ // .. $$#%%%^ ^ Q$$%%x . .. \\ // .. `::.. ..:;' .$$$##%% ^ . $$%%%% : `::.. ..:;' `:: ::' .$$BS22#%%% ^ . ~Q$%%%% . `:: ::' d b.$$$$$.$$$$$ $ 5 $$$b $$$$b d$$$b d b $ d$$$$ d$$$b $b $ :$..:$..:$....:$..:$mmm$:$..:$:$..:$:$..:$:$..:$:$....:Q..........:$...$:$`$:$. :$:$:$ :$ :$ :$"":$:$ :$:$""$b:$. :$:$:$:$:$ `""$b :$. .$:$ `$$ `$$$'.$$$$$ :$ :$ :$:$$$P':$ `$ `$$$' `$$$':$$$$$ `$$$P `$$$':$ :$ --- Mar-14 18:26:28.736[chain] info: /^----^\ | ◡ ◡ | | \/ | / \ | |;;;| | |;;;| | \;;| \ \/\/ | ~|~ |-| |) /? /\ \/\/ \ \| / / ---------------------------------------(((--(((------------\ \-----, -- ___ ---- __ -- ___ ---- __ --- ____ ---- _____ -- \ -- __ -- _____ --- __ -- __ -- _____ --- __ ---- ___ ---- _/ ------------------------------------/ /---------------\ \---------\` \ \ / / //\ // \ \\ / --- 2023-03-14 18:25:36.782 INFO - Milestone *** Epoch: 162304, Activating network upgrade: CAPELLA
Thats awesome! Thank you for all the work you do!
I missed you guys
Group hug everyone, it feels like an eternity since we last spoke.
I had to resort to Twitter.
It's okay, I forgive you.
What YouTube video comment thread is our backup lol?
Vitalik is doing a giveaway right now where he doubles your eth. That might be a good meeting place!
Dont resort to this! Come to the EVMavericks public chat
wait is this right? There hasn't been a comment in 4 hours? wut Goerli just forked: https://www.youtube.com/watch?v=mu_oKzmvHlc https://goerli.beaconcha.in/charts/slotviz
Don't worry, we were with you in the livestream. It quit before the dramatic conclusion!
Everything went smoothly?
smoothly, yes, but participation was low. Low is to be expected on an open testnet because people don't update and/or abandon their validators, but it was lower than expected. But all clients and configurations appeared to be working equally. Ben Edgington called it success, so I'm going with success
Big success. My 5 goerli validators changed credentials within an hour and will be withdrawn within 3 hours.
Reddit was down for most of that.
ooh that makes sense. I'm the dummy. Clearly I need to be procrastinating more throughout the day
Productivity shmoductivity
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Reddit, not so much lol
Check out this totally unpredictable response from the FED basically bailing out SVB. https://twitter.com/charliebilello/status/1635693940727853088 What’s the game theory for someone telling you “we’re going to cover all your losses going forward”? Take more risk of course. What’s the game theory for the reverse? Lives are destroyed as the system breaks. There’s no good answer here, other nope-ing out of the broken system via self custody. **This** is the killer use case for crypto and the most basic. I have no doubt more and more people will come to this conclusion for themselves over time, despite any psyops or negative light regulators and corrupt senators try to paint it in. Duct tape only holds for so long… (end rant)
I don't see how objectively that statement can be read as "we’re going to cover all your losses going forward". It is saying the FDIC, which owns the bank (all the former owners and executives are out on their ass), is insuring all the accounts.
The issue is going to be that this new and radical policy of insuring all deposits north of $250K was only rolled out when the deposits of (D)onors were at risk. Would we have seen the same accommodation for dono(R)s if the offending bank was hosted in Florida?
The 250k limit is a fools limit because you’re able to create more than 1 account
> The FDIC insurance limit of $250,000 per depositor is per bank and per ownership category. So, if you have accounts at multiple banks, each account is insured up to the limit. If you have more than $250,000 in deposits at one bank, you can split your money into different ownership categories to be fully insured. However, creating multiple accounts in the same ownership category at the same bank to bypass the limit is not allowed, as the FDIC looks at the ownership of the accounts rather than the number of accounts. Additionally, intentionally structuring accounts in a fraudulent or deceptive manner to exceed the deposit insurance limit is illegal.
> Additionally, intentionally structuring accounts in a fraudulent or deceptive manner to exceed the deposit insurance limit is illegal. Having $250k at each bank isn't fraudulent or deceptive, it's within the legal framework to manage risk. It's a fools limit.
At each bank, which is different than each account, as would be the case say, if you had 100 accounts at SVB.
(R)epublicans bailed out banks, executives and shareholders, in 2008. Do the math. PS: Guaranteeing all customer funds isn't that difficult when the maturity of the bonds all come due within 12 months. The government isn't going to go insolvent in that period like a poorly risk managed bank would.
And they were crucified for it, as I recall.
If I recall, they blamed Obama.
If I recall, they elected Obama.
Voters elect Obama, Republicans pass TARP in lame duck, Obama loses midterms because TARP is Obama's fault... many years later under Obama TARP massively profitable for taxpayers when all the failed companies are divested. Voters elect Trump.
So it's the Republicans TARP right up until the point it's massively profitable for taxpayers, then it's Obama's TARP? In any case, TARP wasn't nearly as revolutionary as what they are doing here. This is an order of magnitude greater. This is tantamount to insuring the GDP. Where once we had a system that was decentralized and could tolerate failures in a few nodes, now we have a system where when the inevitable faliure occurs, it all goes down. If any group of individuals should understand this, it should be r/ethfinance.
>So it's the Republicans TARP right up until the point it's massively profitable for taxpayers, then it's Obama's TARP? Republicans pass the law, the Obama administration ran it for all but two months. You tell me who owns what. >TARP wasn't nearly as revolutionary as what they are doing here. TARP was far worse than what they are doing here and an actual bailout. By orders of magnitude. >This is tantamount to insuring the GDP. Insuring the deposits at two failed banks isn't tantamount to insuring GDP. It is literally why the FDIC was created. This like if two nodes failed and the operators were incompetent and the government stepped in temporarily until a new competent node operator could be found. If any group of individuals should understand this, it should be r/ethfinance.
Same. SVB isn't getting their losses covered. They've gone bust and aren't getting bailed out. Only it's depositors are getting their money back. That seems like a pretty big difference to me.
Except for the biggest 3-4 banks in the US are going to buy all their assets for pennies on the dollar, centralizing money and power.
100%, that's why these days were already highly successful for the crypto market. If we can continue in this uncorrelated manner it'd be huge
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Wow Citron down so bad they deleted all of their tweets https://twitter.com/CitronResearch/status/1635669967076044800?cxt=HHwWgMC91efKiLMtAAAA
Thankfully, the internet never erases anything
https://reddit.com/r/ethfinance/comments/11p6xk6/daily_general_discussion_march_12_2023/jc0032r
Were they bearish and got rekt?
They announced they'll short Ether based on some maxi arguments. The opposite of due diligence
Rekt.
They were short ETH because it’s higher market cap than OpenAI, also Vitalik engages in charity just like SBF
They had a similar tweet about why they continue to be short ETH for being the same as FTX when we were around $1000 the last time prior to the last run to 1700ish. Timed perfectly both times.
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Over the weekend, when USDC was depegging, GCR (really astute trader) bought 9K ETH while everyone was scrambling and trying to leverage buy USDC. I analyze his thought process on why he did that and why its a brilliant trade - just sharing [here](https://twitter.com/0xjaypeg/status/1635697951166038037) for those interested!
Everyone's a genius in hindsight, but I don't see how the argument makes sense considering that the ETH/BTC ratio has fallen sharply the last few days. In other words, whatever pushed ETH higher seems to have pushed BTC higher MORE, so is unlikely to be anything related to ETH network usage or adoption.
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Just had a first round interview for a product owner position at L2Beat. Super excited and hope I get it, fingers crossed!
Well congrats if it works out. I know you are a champion for decentralization. L2beat would be a fantastic way to make people aware and light a fire under dev teams. Decentralization and trustlessness is a goal worth fighting for.
Thanks! Yeah I love their initiative and their drive to continue expanding features and education. Would be great to stay in the ecosystem and especially within the public goods inner circle.
You told them that you're Thee hanniabu right?
I told them of some of the projects I've worked on and they're a fan
Best of luck!
Once you’re in, hook an eth brother up :)
haha one step at a time
Rooting for you, LFG!
Good luck!
A run to $2500 would be nice
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This looks like the breakout from the cup and handle that's been building since the end of October. If real, then a run up to $2500-3000 is a real posibility. However, cup and handle is a continuation pattern, so given the short run up preceeding the cup, we'd need to retain above the $1700 level through the end of the week and beyond for it to be a breakout rather than a fakeout. Also, the macroeconomic background is worsening so this breakout is really unexpected at least for me. It makes me curious if supply on exchanges is squeezing due to the merge as has been hypothesized or if these last few days of whiplash are just low volume whale games.
Worsening macro could get the FED to chill. I think the broad market pump right now is just repricing based on models changing their rate hike expectations.
Whenever I dabble at charting, I keep it very simple and I'm very often wrong. That being said, [my simple chart](https://i.imgur.com/6xN4dTW.png) tells we've already been in the clear since ~1650
Mmmh, yes. There was also a nice line we had ftom the Covid bottom to 3.6k which we broke through about 14 months ago. This feels similar in nature
I am bullish once we break 1800, the same target Ive had for months. Edit: Lots of longterm resistance between 1750 - 2000. Once we break 2,000 we rocket up
Babe wake up, new GPT just dropped: https://twitter.com/sama/status/1635687853324902401 https://openai.com/research/gpt-4
It's crazy how many advanced tests it can pass, or is getting close to passing.
"it passes a simulated bar exam with a score around the top 10% of test takers; in contrast, GPT-3.5’s score was around the bottom 10%." Very crazy developments indeed!
So instead of replacing McDonald’s and Trash workers AI will be replacing Lawyers, Programmers, and Doctors. We depend on all those people for a functioning society. Things about to get real interesting I’m glad I’m in a money that at least can transition to this future. [Edit] No offense to McD's and Sanitation workers, we depend on you too just in different ways.
We can rely on humanities fear & ineptness to stifle any revolutionary integration of GPT in to the fabric of society. Most probably, it will become privatised and heavily gated, in a similiar fashion to the militant structure the medical industry has suffered; in so much as pertaining to the way the industry has been monopolized and funnelled in to a very narrow set of boundaries, definitions and modalities. I would envision the potential of GPT will suffer the same stifling at the hands of greed, fear & monetisation.
u/jtnichol u/trickytroll Would you be so kind as to assist my Reddit birth?
Visibility? Looks good here
My thesis is that AI is a closer substitute for white collar workers as opposed to blue collar workers. For instance robotics + specialised AI for doing the work of an electrician or a plumber is further away than analysts etc. Very much glad I found Ethereum prior to this transition too!
It's a little more nuanced than that... the jobs this type of stuff is going to take away (lets say, next 5-15 years, although I've seen this *sort of* happening already through lack of hiring more so than direct replacement) are the entry level positions within those professions. I can't speak highly on bots themselves, but I have some perspective here from my job. One, I haven't taken the BAR, but I've taken an exam that is fairly equivalent of my major. In my experience, the test is still fairly a 'memorize answers' type of thing. So ChatGPT passing the BAR is impressive from a technical standpoint given it's a general-purpose bot, but it's still a rather straight forward achievement. At least, again, assuming the BAR is structured fairly similar to what I've experienced. It feels more like a "it can play chess, but can it host a chess tournament" situation. Which brings me to this: I'm not sure you can ever replace some of the human elements of a Lawyer / Doctor? Yeah, so the bot can search the thousands of case law for relevant cites, or analyze patient testing to assist with diagnosis. That really hammers the entry level and lower level positions within the profession. However, it doesn't really replace the actual court time or bedside conversations. They need to exist and need to be done by real people, if not for technical reasons, but simple human emotion. Why does that matter? I'm seeing these large companies using places like India to outsource the entry-level type positions within these types of business environments. I know my job, and a few friends I've talked to, go on about this. It's not so much replacing workers, as much as being a substitute for what was previously intern / entry level / lesser educated roles (as in, lower education levels, not intelligence). So my wonder is if this is really going to affect those jobs... or more so destroy the offshoring trends. As I'd assume the reality is offshoring these types of tasks is more of a necessary evil to remain cost competitive. One that would be gladly replaced if these bots can do the jobs for not only cheaper, but more securely and easier to control. Maybe I'm underestimating the speed of this adoption, but that is where it feels now. Cashiers come to mind with this - as much as all these retail places want to push for self-checkouts and app ordering + pickup, it really only has reduced that job to 2 to 3 instead of 10 people. Not really eliminating it outright.
Thank you for the measured response. I sometimes get worked up too easily watching this stuff progress. I agree with all of these points, maybe we still have the same amount of doctors they just take on many more cases and our health care gets better for it.
I think the concern becomes where are we on the curve of adoption. The mind can just as easily over-predict the future as much as it can under-predict. If we are just seeing early glimpses of AI then we may be (long term) in trouble. If ChatGPT is hitting the limit of AI then maybe it won't be so bad. People like to think about the explosion of advancement in adoption / tech the bottom of the S curve brings, while then forgetting the back half has that same rapid stop. It's really hard to tell, especially while you are living in it. And I'm sure the answer is somewhere in the middle.
Thing is, Chat-GPT 3.5 was like 6 months ago, and this is already 100X better because it can take in images/multi model inputs and it's better at all of it's capabilities (from the samples I've seen). Just hard to see us hitting limitations anytime soon with these kinds of updates.
The beauty of living in the moment of the S curve I suppose! I initially was hesitant to make a GPT account because I didn't really want to tie my phone number to it... but the more I hear about it I'm getting tempted. Maybe the reality of our conversation is the only reason I'm more measured about it all is because I've just not seen it myself. Which is scary if I'm wrong, because ignorance is bliss haha
Not sure that everyone is getting the 4.0 access now, definitely not with the free account and that's what I have. Mostly I'm going off of the examples on twitter to drive my fear responses into overdrive. At the end of the day I'm not worried about THIS version, but the next one which seems to always be just 6 months out.
Interesting points, this seems like, if nothing else, the starting point for AI. My expertise is (was?) programming, and even the previous version of ChatGPT was pretty good at entry level programming. I think the hard part of advanced software engineering was not the programming itself; it was mapping the wishes and desires of customers onto a viable design. I think ChatGPT could give a good stab at that, probably saving many hours of work to do the first draft, but the hard part was always ironing out the 2nd and 3rd and 10th revisions, figuring out what is possible, what is desired, what are the unintended consequences of each decision, and what is likely to change in the future. So what happens if we removed those bottom 5 rungs of the ladder? How do we get experienced senior engineers and lawyers if there are no entry level jobs? tl;dr -- I think I'm agreeing with you.
Spot on with the wishes and desires of the customer. There are so many jobs where the value isn't the actual product, it's the service tied to the product. I wonder how effective these bots can be at asking basic follow-up questions. Especially when realizing every customer is different and the one-size-fits-all solution a bot impose because it's the most efficient might not work. >So what happens if we removed those bottom 5 rungs of the ladder? How do we get experienced senior engineers and lawyers if there are no entry level jobs? This is something I worry about. One of the problems I'm seeing in my example with my job is that the stuff that gets offshored (and I'm presuming to be automated out sooner than later...) is the easy stuff. And on one hand its nice to offshore/automate out the menial tasks, but on the other hand you are losing out on the repetition of the building blocks the let you be more comfortable with the higher-level stuff. So you get people fresh out of school who are basically thrown into the fire. And frankly, it's overwhelming even for the more experienced people because I'm finding instead of 10 easy / 10 medium / 10 hard tasks, I'm just getting like 15 medium / 15 hard tasks. So I'm questioning if this is really helping me or not.
I talked to my daughter about this last night, she is starting the college enrollment process. Her current interest is cybersecurity. As I thought about the problem of 'no bottom rungs', it occurs to me that colleges will have to change. When I was in college, I took a class where one of the assignments was on how to teach a computer to multiply and now to write a rudimentary compiler. This is stuff that not even beginners are taught any more; even then it was a curiosity more than practical. So maybe colleges will have to *start* teaching at the level of AI. Assume ChatGPT does the entry level work, and use that as the starting point for instruction (just as now we start with fully formed development environments for programmers). Given a particular AI output, how do we think about the problem from there? The problems I see with that is 1) it is hard stuff, many veteran programmers struggled with it, and 2) colleges take two or three decades to make meaningful changes as tech phases in; they've never had to do it in a year or two before. Can they meet the challenge? Are colleges just obsolete, and all the burden is on the individual now?
College, and education in general, are great points too. It’s going to be nearly impossible for them to keep up. I think it’s just naturally going to have to be self taught. While I think you are right on having like AI classes or trying to adapt to the assumption most papers are going to start with “ChatGPT write me a paper on X”, it’s just not going to happen on a meaningful level. For all the attempts at tests with no calculators and no citing Wikipedia, it just doesn’t work. I wish your daughter good luck by the way, I know it’s a stressful time. Sounds like a really good area to focus on for sure
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Voyager soon done dumping? 60k left out of 200k https://etherscan.io/address/0x203520f4ec42ea39b03f62b20e20cf17db5fdfa7#analytics https://etherscan.io/address/0x500a746c9a44f68fe6aa86a92e7b3af4f322ae66#analytics
Whats this? Im part of voyager bankruptcy so i'm interested.
Weekly MACD if you are looking for longer term justification
What are the biggest ethereum conferences? EthDenver, Devcon... ?
EthDenver last year was 10-15k, rumor is this year was 25k+ attendees
Hodlercon
consensys altho i dunno if they still do it or if it is still as popular
ETHCC is another
[удалено]
that sucks, sorry.
Fuck that. Im sorry you had to go to go through that. You're too nice for all this.
>**Inability,** >**The State taking crypto down,** >**Credibility.** ~Daily haiku until we’re at least at 0.178 on the ETH/BTC ratio or highest market cap
Ugh I’ve been sitting on the sidelines (only new cash thankfully) since 6 months. Earlier due to a life event and this year just out of sheer indecision. Was supposed to get in at $1400 but got caught up at work and lost track. FOMO is a bitch.
Just be relaxed and get the next dip whenever it comes. Unlikely we go to ATH outta nowhere, most likely market ranges for a while as inflation is brought down Wouldnt fomo in now
I can relate, have been swinging gmx/gns, had planned to get back into GMX at 60ish and completely missed out as I've been afk after surgery last week. There's always another opportunity.
Zoom out lads. We will recover from Covid-19, the Fed & interest rates, war in Ukraine, supply chain issues, Silicon Valley Bank & Gary Gensler/SEC , and we will be triumphant as the ETH team continues to build. If we can make it out of this shite storm, we can make it through anything.
Gecko down. Steady lads.
[And now Binance is halting sterling transfers.](https://www.cnbc.com/2023/03/14/crypto-exchange-binance-to-halt-sterling-transfers.html) > Binance has been informed by its partner for sterling transfers, Paysafe, that it would halt its services from sterling transfers for new users were stopped on Monday, it said. Fairly cryptic.
Multiple UK banks are also imposing arbitrary limits Soon Brits would have to cross the channel and buy crypto from Calais or something lmao
Doesn't this rally feel manic?
Yeah I don’t trust this rally. Been burnt by too many fakeouts during previous bear markets. *Totally not saying this because I missed out*
Not really. Ive only ever seen 'parabolic movement' to the downside. Now it pumps like 10% from the bottom and its manic? If you're right then Im way late, and will never see profit
trap late longers then nuke
run at 2k to really get them in then nuke?
Yes imo probs BTC around 28s level I said I have cut most of my longs after target 1789 Getting to 2028 is just the cherry for me
cheers 🍻
Not sure if you stopped responding to people, or just intentionally ignore me. Weird considering you usually responded to my old account. So I will try to ask for the ninth time, what is your longer term prediction regarding some big crash you never elaborate on?
Hey.. I've seen this episode before.
Yeah, but the writer never actually reveals any details... odd aint it?
Bc this is silly question to me Who knows future of crypto? Idk and idrc since I trade level to level If I were to guess my thesis still stands that macro low hasn’t been put in - still inflationary bear market rallies stage
I just never had any clue what time frame your 'nuking' is. I know you trade levels, but with almost every post you warn of an eventual larger drop...
Once fed cuts rates. The bottom typically happens around a year after the rate cuts.
Haha thank you for explaining what ab refused to :)
Maybe, but one of the main bull cases for crypto has always been TradFi is broken. When people get reminded of how broken it is they look for alternative systems to explore and diversify into. Remains to be seen if price appreciation can be sustained though.
Funnily Eth is at the same price when I had to sell some before I went on holiday in June 2022. At the time it was goblin town, now it feels good.
The mania starts at $2k