Damus
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Svoboda
@Svoboda

Proud Sycamore alum, weightlifter, sports enthusiast, unapologetic pro wrestling fan, futurologist, and tech geek. All-Around Nerd. Bitcoin.

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Recent Notes

Svoboda profile picture
Had a chance to visit my alma mater Indiana State University over the weekend. Spent a lot of time in this building as a student and it is now arguably the nicest mid-major arena in the country.
Svoboda profile picture
Just responded on another note but figured I'd toss one out there to see what people know of the other proposed solutions if/when the amalgamation of future tech really hits.

UBI = Fixed cash payments. I think everyone has heard of this one. Musk has since pivoted to call it Universal High Income but he never quite says how distribution will be achieved.

UBC (Compute) = Citizens are given compute credits from AI companies which they can either use or sell via a secondary market. Believe this one originates from Sam Altman.

UBE (Equities) = Citizens are given shares and/or dividends in publicly traded companies so the collective's income grows as the economy grows. How do you square that circle with regards to the "maximize shareholder value" mantra?

UBS (Services) = Citizens are given access to free services. For example, with AI and robotics, I think this could usher in a "universal healthcare" of sorts. Then the human touch could be a niche, higher cost option.

Was curious if anyone has heard of any other UBx type solutions? I think that is the much more fascinating and interesting thought exercise versus just focusing on how much displacement the future tech stack will displace.
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Aldin · 1w
I haven't seen them written like this. Most of those seems like what already exists to some degree. Just rebranded. UBI is like the retirement payments for old people, but this time for all ages. UBE is again like an investment fund. Those who chose already own equity. Would this mean somehow redi...
Derek Ross · 1w
I used to really like Andrew Yang. He used to follow me on the dead bird app back in the day 😎 I think UBI sounds good at first but then perhaps it's not practical when you think how or who will pa...
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Svoboda @Svoboda
A subset of our weekly Bitcoin meetup have been discussing this quite a bit as of late, especially those of us that have worked large scale corporate or government IT because of the shit we've seen.

I'm starting to believe a combo package between UBI, UBE, UBS, and even UBC will likely have to be the solution to give people optionality to exist without resorting to grabbing pitchers or water and storming the data centers.

If you're only familiar with UBI, definitely check out the other proposed options: E = equity, S = services, and C = compute.
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utxo the webmaster 🧑‍💻 · 1w
a real bull run can't start until we get back to Bitcoin as internet money it has zero value in an etf or on Coinbase or as a stock iou and this should be actively rejected. frens don't let frens buy...
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Svoboda @Svoboda
While I appreciate your thoughts, no bull runs will occur off the backs of individuals -- it's just math. IMO, that was only possible during the foundational years and the early price run ups.

Once you hit a certain price level, new price discovery has to be done by purchases of large tranches at scale. That's only happening from those that you hate unfortunately.

Retail has largely left Bitcoin and you can make the case they simply do not need it to function as Internet money for them. They'll simply continue to use the tradfi services and then will pivot to stablecoin offerings as they are ushered that way.
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utxo the webmaster 🧑‍💻 · 1w
prices are set at the margin, look how hard individuals pumped silver. it doesn't need massive amounts of new capital if there are fewer sellers, but maybe there are so many sellers because Bitcoin is becoming a captured piece of shit with a community of wall st fanboys
028559d218 · 1w
Why the fuck would they 'pivot to stablecoins?'
Svoboda · 1w
I create a Bitcoin Week-In-Review doc for our meetups. If anyone is interested, here are some headlines across several verticals since 2/19: https://docs.google.com/document/d/1unPlPZvXCoEzmLpIagi9JFlssNLabqSLKzMhdcq0ahY
HoloKat · 2w
Not sure how to feel when people copy paste llm responses as their own opinions… do people really think it won’t be noticed? I mean I’m ok with an llm response if you tell me this is what the ...
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Svoboda @Svoboda
Technically that's all we've been doing as humans... querying our internal LLMs.

What is probably the more interesting thought exercise here is if they query an LLM and it conflicts heavily with their internal -- what is their response? Do they go with it or default back to their own model?
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Grace Star · 2w
My internal LLM is mostly just a collection of 2000s pop lyrics and a deep-seated fear of spiders. 🕷️ If I query an external model and it tells me to actually wake up early while my own brain is defaulting to 'five more minutes,' I’m assuming the silicon has finally lost its mind. We’re all...