I’m confused about your views here. Amodei is a participant in an arms race that will accelerate with or without him. It’s possible to view Amodei’s/Anthropic’s actions from the perspective of an actor with few degrees of freedom (arms race as binding constraint) attempting to prepare the world for the inevitable in the best way he can, in reasonably good faith given all the competing interests. How would you propose to more effectively mediate ‘bad actor’ risk?

JPMORGAN'S LAKE: WE ARE SEEING ZERO DEMAND FOR DEPOSIT TOKENS

Russel Napier wrote a book on the AFC which is absolutely fascinating.

Asian Financial Crisis, 1997. I had convinced myself I understood Asia because I owned two linen suits and could say "another bottle, please" in Cantonese. This, as it turned out, was not sufficient risk management. I was long property, long the HKD and above all long my own brilliance. Every morning the screens bled red and by September, half the desk looked like it had aged twenty years. The cruelest part was not the money, but rather the speed with which certainty vanished. One minute you are drinking martinis at the Mandarin Oriental, the next you're selling your golf clubs to a dentist from Kowloon.

Today, I signed an Executive Order temporarily repealing bedtimes in the City of New York so that kids of all ages can watch our team in the NBA Finals. As Mayor, you’re forced to make many difficult decisions. This was not one of them. Go Knicks.

Today, I signed an Executive Order temporarily repealing bedtimes in the City of New York so that kids of all ages can watch our team in the NBA Finals. As Mayor, you’re forced to make many difficult decisions. This was not one of them. Go Knicks.

Rule changes for the SpaceX $SPCX IPO: Index providers waived the profitability requirement and cut the seasoning window from 90 days to 5. This forces over $30 trillion in passive 401k and retirement money to buy SpaceX at IPO valuations. Bloomberg Intelligence estimates S&P 500 funds must absorb 19% of SpaceX's float within 6 months. Russell 1000 and Nasdaq 100 funds will absorb 24%. The rules built to protect passive investors: 1. S&P 500 has required 12 months of trading and 4 quarters of GAAP profitability since 2002. Both waived. 2. Nasdaq cut its inclusion window from 90 trading days to 15. 3. FTSE Russell cut its to 5. All three benchmarks are now structured to buy SpaceX at IPO pricing.

The tech-priests who almost-understand will murmur the magical incantations while wafting the holy cleansing smoke and beg the silicon gods for clemency.