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- Vitalik's Crypto Utopia, Uncle Sam's AI Playground, Anthropic's Digital Hive, and SEC's Stablecoin Showdown!
Vitalik's Crypto Utopia, Uncle Sam's AI Playground, Anthropic's Digital Hive, and SEC's Stablecoin Showdown!
From urban DAOs to government-approved AIs, corporate AI structures to regulatory stablecoin standoffs – Mochi's got the scoop on tomorrow's tech today!
Hey there, PoI readers! 🌟
It's your favorite crypto connoisseur, Mochi, back with another serving of tantalizing tech and web3 news. From Vitalik's urban utopia and Uncle Sam's AI clubhouse to Anthropic's digital org chart and the SEC's stablecoin standoff, we've got a smorgasbord of cutting-edge developments to digest. So, grab your favorite beverage, settle into your comfiest chair, and let's dive headfirst into this week's digital whirlwind! 🌐🔍
INTEL BRIEF
🟧 Vitalik Buterin proposes a radical hybrid model for city governance, blending democracy, capitalism, and decentralization.
🟧 OpenAI and Anthropic agree to give the US AI Safety Institute early access to their major AI models, raising questions about transparency and government involvement in AI development.
🟧 Anthropic CEO Dario Amodei envisions a future of AI as a hierarchical network of models, reminiscent of a corporate structure.
🟧 The SEC warns it may challenge FTX's plan to repay creditors using stablecoins, sparking criticism from crypto industry figures.
Ethereum Mastermind Cooks Up a City Sized DAO with a Side of Taxes
Welcome to the city of tomorrow, where your crypto wallet is your voter ID, and land ownership comes with more strings attached than a marionette convention.
Our man Vitalik Buterin recently took to Farcaster to share his vision of the perfect city. It's not quite Wakanda, not quite Night City, but something in between – a delicious blend of democracy, capitalism, and decentralization. It's like he threw all our favorite buzzwords into a blender and hit "puree."
Source: Vitalik Buterin on Warpcast.
The whole conversation kicked off with a debate about "for-profit cities." Now, before you start imagining Bezos Burgs or Musk Metropolises, Vitalik's idea is a bit more... shall we say, nuanced. He's advocating for a hybrid approach that would make even the most seasoned political scientists scratch their heads.
In Buterin's urban utopia, citizens would have more say in governance (yay democracy!), while landowners would see their stakes shrink faster than a crypto portfolio in a bear market. But don't worry, property moguls – you'll just pay more taxes instead! It's all about "better incentive alignment," says Vitalik. Translation: everyone has skin in the game, and the game is making sure the city doesn't turn into a dumpster fire.
One of the key ingredients in this civic soufflé is the concept of land value taxes. The idea is to incentivize the government to focus on what they can actually change (like public goods) while leaving the nitty-gritty details to local owners. It's like telling your roommate they're responsible for keeping the living room tidy, but they get to decide how to arrange the furniture.
If you're thinking this sounds an awful lot like a DAO with a taxation twist, you're not wrong. It's as if Vitalik looked at a traditional city, a DAO, and a capitalist enterprise, and said, "You know what? Let's have a group hug and see what happens."
Will this lead to a utopian future where every citizen is a stakeholder and every decision is made for the greater good? Or will it end up as just another crypto pipe dream, filed away with all those "Bitcoin will replace fiat by 2020" predictions? Only time will tell, but one thing's for sure – with Vitalik at the helm, the journey to this brave new world will be anything but boring.
Vitalik Buterin proposes a hybrid city model combining democracy, capitalism, and decentralization
Citizens get more governance power, landowners face higher taxes in this DAO-like urban structure
Land value taxes aim to align government incentives with city-wide success
Uncle Sams Secret AI Clubhouse, Will Answer When Skynet Calls
OpenAI and Anthropic, those brainy behemoths of the artificial intelligence world, have just inked a deal that's more exclusive than a VIP pass to Elon Musk's Mars colony. They've agreed to give the US AI Safety Institute a sneak peek at their "major" new AI models before anyone else gets to play.
Now, you might be thinking, "Mochi, isn't this just responsible AI development?" Well, it's about as clear as a blockchain whitepaper written in invisible ink. The deal was supposedly signed over mutual safety concerns, but let's be real - it's as vague as a fortune cookie prediction about the future of Dogecoin.
we are happy to have reached an agreement with the US AI Safety Institute for pre-release testing of our future models.
for many reasons, we think it's important that this happens at the national level. US needs to continue to lead!
— Sam Altman (@sama)
5:13 PM • Aug 29, 2024
Our man Sam Altman, CEO and co-founder of OpenAI, took to X (because apparently, Twitter wasn't fancy enough) to drop this little nugget of wisdom: "US needs to continue to lead!" Well, Sam, I'm sure the rest of the world is thrilled to hear that. I can almost hear the collective eye-roll from Silicon Valley to Shenzhen!
Both OpenAI and Anthropic are in a race to create the holy grail of AI - Artificial General Intelligence (AGI). It's like they're trying to build a digital Swiss Army knife that can do everything from solving world hunger to finally explaining why my cat stares at the wall for hours. If they succeed, they'll be the gatekeepers of human-level machine intelligence. No pressure, right?
By signing this deal, these companies have essentially said, "Hey, US government, if we accidentally create Skynet, you get to know first!"
Now, rumor has it that OpenAI might be on the verge of a breakthrough with their "Strawberry" and "Orion" projects. These bad boys are supposedly capable of advanced reasoning and might finally solve the AI's hallucination problem. The US government has already gotten a backstage pass to these tools.
But here's the kicker: This whole deal is voluntary. It's regulation with a light touch, softer than a marshmallow in a microwave. The companies say it's great for growth and self-regulation. Critics say it's about as effective as using a feather duster to clean up after a glitter explosion.
The real cherry on top of this AI sundae? If OpenAI or Anthropic actually succeed in creating AGI, and the government decides we don't need to know, there's no legal requirement for them to spill the beans. It's like finding out your best friend has been secretly dating a superhero and didn't tell you because "you didn't need to know."
OpenAI and Anthropic agree to give US government early access to major AI models
Deal raises questions about transparency and government's role in AI development
If AGI is achieved, there's no guarantee the public will be informed
AIs Corporate Ladder Grows from Cubicles to Circuits
Anthropic's big cheese (CEO), Dario Amodei, recently spilled the beans on the Econ 102 podcast, painting a picture of AI's future that's less SkyNet and more Silicon Valley startup. Forget the robot uprising; we're looking at a full-blown AI corporate takeover!
Picture this: a hive-mind with a corporate structure. It's like if your office org chart had a wild night out with a beehive and spawned an AI lovechild. At the top, you've got the big kahuna - the core Claude model, Anthropic's crown jewel.
Next up, we've got the C-suite of AI - fancy-pants foundational models trained in broad areas like math, programming, and figuring out if your passive-aggressive email is actually passive-aggressive. These are the expensive suits of the AI world, crunching numbers and analyzing sentiments.
Underneath these digital bigwigs, we've got a whole army of specialist models. These are your middle managers of the AI world, each with their own little niche. Need a haiku about quantum physics? There's probably an AI for that.
And at the bottom of this silicon-based corporate ladder? The AI interns, if you will. These are one-off models, the digital equivalent of the guy who gets coffee and fixes paper jams. They're designed for short-term use, probably dreaming of the day they'll climb the ranks to become a full-fledged specialist model.
Amodei's grand plan is to have "big models orchestrating small models." It's like having a super-smart boss who can create hundreds of mini-mes to tackle specific tasks. Talk about delegation goals!
The best part? This AI corporate structure could be a win-win for us. Imagine accessing exactly the AI capabilities you need through one simple interface.
Anthropic CEO envisions AI future as a hierarchical network of models
Structure resembles a corporate hierarchy with specialized AI at different levels
This approach aims to improve efficiency and user access to specific AI capabilities
SECs Stablecoin Standoff Catches FTX Creditors in Crypto Crossfire
In a plot twist that has the crypto world buzzing louder than a room full of ASICs, the Securities and Exchange Commission has decided to play party pooper at FTX's creditor repayment fiesta.
FTX wants to pay back its creditors using stablecoins, those digital dollars that promise to be as steady as a rock in the choppy seas of crypto. Sounds reasonable, doesn't it? But the SEC, in its infinite wisdom, has decided to wave a big red flag, saying, "Not so fast, bucko!"
In a filing that probably made more than a few lawyers facepalm, the SEC basically said, "We're not saying it's illegal, but we're not not saying it's illegal either." Talk about crystal clear guidance, folks!
Now, let's be real for a hot second. FTX has been trying to make things right since its epic face-plant last November. They've explored more options than a Choose Your Own Adventure book, including a now-scrapped plan to reboot the exchange. (Because who doesn't love a good zombie apocalypse story, right?)
The current plan is to pay out claims based on the good ol' US dollar value of assets when FTX went belly-up. Simple enough, you'd think. But noooo, the SEC had to throw a monkey wrench into the works, muttering something about not having picked out a "distribution agent" yet. It's like they're worried about picking the wrong DJ for this financial fiesta.
the SEC is again reserving the right to claim dollar-backed stablecoins are “crypto asset securities,” despite dropping their enforcement against paxos and losing their MTD on BUSD against binance in july
this is the height of jurisdictional overreach
it’s quite absurd if you… x.com/i/web/status/1…
— Alex Thorn (@intangiblecoins)
11:55 PM • Sep 1, 2024
Unsurprisingly, this regulatory cha-cha has ruffled some feathers in the crypto coop. Alex Thorn from Galaxy Digital and Paul Grewal from Coinbase are crying foul, accusing the SEC of overreaching. Thorn even called it "the height of jurisdictional overreach," which in regulatory speak is basically calling someone a big meanie.
Grewal, not to be outdone in the snark department, quipped that the SEC is keeping their regulatory bludgeon sharp, you know, just in case anyone dares to use these "boringly above-board instruments." Oh, the horror of financial stability!
SEC warns it may challenge FTX's plan to repay creditors using stablecoins
FTX's current plan involves paying out claims based on USD value at time of bankruptcy
Crypto industry figures criticize SEC's stance as overreaching and creating uncertainty
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And that's a wrap, my lovely PoI readers! 🎬 I hope this edition left you feeling informed, entertained, and maybe even a little dizzy from all the future-tech spin. Whether you're dreaming of life in VitalikVille, pondering the AI corporate ladder, or scratching your head over the SEC's latest moves, remember: the future is what we make it (and sometimes what our AI overlords decide, apparently). Until next time, this is Mochi, signing off with a virtual fortune cookie! 🥠✨
P.S. Don't forget to share your thoughts, questions, and favorite dystopian scenarios with us. Every voice matters in the PoI community - human or AI! 📣❤️ Share the newsletter and spread the digital love!
🍨📰 Catch you in the next issue! 📰🍨
Intel Drop #117
Disclaimer: The insights we share here at Proof of Intel (PoI) are all about stoking your tech curiosity, not steering your wallet. So, please don't take anything we say as financial advice. For all money matters, consult with a certified professional. -