2024-11-19

fighting fire with napalm, sell Chrome to whom? Crypto grew up, bankrupt Spirit, auto loan bubble, Mitch is a toad, verging on hysteria, subsea cable cut, real misogyny, China remains orderly



Rank Propaganda / Thought Policing / World Disordering

  • Norwegian startup Factiverse plans to fight disinformation with AI.

    In the wake of the U.S. 2024 presidential election, one fact became clear: Disinformation proliferated online at a startling rate, shaping Americans’ views about each candidate as well as a diverse set of topics, including public health, climate change, and immigration. Generative AI – with its ability to produce deepfakes in seconds and its propensity to hallucinate facts – only stands to exacerbate the problem. Factiverse, a startup that participated in TechCrunch Disrupt Battlefield 200 in October, is bracing itself for the onslaught. The company, which won best pitch in the Security, Privacy, and Social Networking category, has developed a business-to-business tool that provides live fact-checking of text, video, and audio. The company’s pitch: to help businesses save hours of research and mitigate any reputational risk or legal liability.

Musk

  • Is This the End for X?

  • Krugman: Opinion | The Dollar Still Has Its Mojo. X, Not So Much. - The New York Times

    I won’t go through the litany of ways the platform has changed for the worse under Musk’s leadership, but from my point of view it has become basically unusable, overrun by bots, trolls, cranks and extremists. But where could you go instead? In the past couple of years, there have been several attempts to promote alternatives to X, but none of them really caught on. To some extent this may have reflected flaws in their designs, but a lot of it was simply lack of critical mass: Not enough of the people you wanted to interact with could be found on the alternative sites. Then came this year’s presidential election, which seems to have sparked an exodus (“Xodus”?) from Muskland. From my point of view, Bluesky, in particular — a site that functions a lot like pre-Musk Twitter — quite suddenly has reached critical mass, in the sense that most of the people I want to hear from are now posting there. The raw number of users is still far smaller than X’s, but as far as I can tell, Bluesky is now the place to find smart, useful analysis.

    And yes, most of the new Bluesky posters I find useful are liberal, but that reflects the modern right’s anti-intellectualism rather than political bias on the part of the site.

Religion / Tribal / Culture War and Re-Segregation

Crypto con games

  • Bitcoin’s identity crisis

    Remember when cryptocurrency was supposed to disrupt and replace finance? Well, history had other plans. As bitcoin surges past $85,000, doubling in price over the past year, we find ourselves in what might be called an “institutional legitimacy paradox”. Consider the historical irony: bitcoin, conceived as a peer-to-peer electronic cash system that would eliminate the need for financial intermediaries, is now primarily traded through funds managed by the very intermediaries it was meant to circumvent. Two years ago, the collapse in crypto prices seemed to confirm what sceptics like myself had long maintained: crypto assets were a speculative bubble inflated by easy money and pandemic-era exuberance. The implosion of Sam Bankman-Fried’s crypto exchange FTX, coupled with rising interest rates, appeared to sound the death knell for crypto’s mainstream aspirations. Yet here we are in 2024, witnessing what can only be described as a zombie-like reanimation. This recovery is different from the last bitcoin high. It is fuelled by both individual investors and institutional money, with UK pension funds and City asset managers increasingly experimenting with exposure. BlackRock’s spot bitcoin exchange traded fund is accumulating billions of dollars in assets. The shift towards “respectability” should concern us all. The financial industry’s embrace of crypto is less a validation of its alleged revolutionary potential and more an attempt to extract fees from what is, essentially, gambling. It has effectively neutered crypto’s radical promise of disintermediation.

Trump

Left Angst

  • The Verge Editor-in-Chief Nilay Patel on Elon Musk and Donald Trump

    To be as clear as I can be, the second Trump administration with Elon Musk embedded within it represents the most direct and sustained threat to the First Amendment and the freedom of the press any of us will ever experience. If you’re a media executive or editorial leader and you haven’t met with your legal team to understand the current landscape of First Amendment threats, let alone the ones to come, you’re already behind. Get on it.

  • My Trump trade went bust – with a consolation prize

    On Nov. 15, the day my put expired, the stock crawled back to about $28. I was out of luck and my $390 was gone.

External Security / Militaria / Diplomania

World