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@TFTC21@TFTC21

"If you really got Iran on the ropes, got them down to last alternatives, there's a world where that optimizes for one final major kinetic push with nothing left to lose." @JohnArnoldTen31 on why celebrating prematurely is dangerous.

@TFTC21@TFTC21

The Ledger supply chain situation is expanding. After the discovery of a second compromised device at MediaMarkt, researchers have expanded their watchlist of potentially affected European retailers. Aqipa GmbH, an official Ledger distributor since August 2023 covering Germany and Austria, has been linked to the distribution chain. Other European retailers supplied by Aqipa, including Saturn, Fnac, and Boulanger, may also be at risk. So far, only CryptoBilis and MediaMarkt have been publicly linked to confirmed discoveries of compromised devices. No evidence yet that other retailers' inventory has been tampered with.

@TFTC21@TFTC21

New Anthropic research warns that "small AI models may be months away from being capable enough to self-replicate on commercial IoT devices" like smart ovens and TV boxes. In testing, a 9B parameter model got inference running on 8 of 9 hardware types. Researchers ran a 26B model distributed across 15 off-brand Android TV boxes bought for $55 each. "Unlike non-AI malware, it could figure out unfamiliar devices on its own." anthropic.com/research/self-…

@TFTC21@TFTC21

"There was going to be a moment of reckoning where the would-be middle powers were going to have to choose one side or another." @JohnArnoldTen31 on Europe being forced to pick between the US and China.

@TFTC21@TFTC21

China's CPC Central Committee and State Council published a policy document on October 9 calling for a national blockchain network as part of 19 measures to develop "new quality productive forces." The plan links blockchain to a unified computing power network, data markets, and industrial digitization, building on the state-backed BSN launched in 2020. The cryptocurrency ban remains in place. China wants the blockchain without the freedom. Permissioned, controlled, state-run. The digital panopticon gets another layer. english.www.gov.cn/policies/lates…

@TFTC21@TFTC21

"Their way of life, of building this building together, known as software, was now being deprecated." Jason Calacanis on the death of coding as we know it.

@TFTC21@TFTC21

"You can see where this is heading. This appears to be gaining traction and momentum, as you often see at the end of these massive debt cycles." -@JohnArnoldTen31 We discuss: ⚡ France's debt crisis ⚡ Europe turns on China ⚡ The Bitcoin security scare

@TFTC21@TFTC21

"We have seen a lot of hard working Australian Bitcoin businesses being debanked only for the reason for touching this space." Stormrake's Bisher Khudeira on Australia's debanking crisis and what's holding back the next wave of bitcoin adoption.

@TFTC21@TFTC21

Every fiat currency has lost significant purchasing power since 1971. The "best" performer, the Swiss franc, is still down 66%. The US dollar has lost 87%. Most are down 99%+.

@TFTC21@TFTC21

Money printer goes brr.

@TFTC21@TFTC21

Microsoft is making its biggest bet yet on custom silicon. Satya Nadella announced that starting in 2027, Microsoft will scale its Azure Maia chip family to "multi-gigawatt deployments," making it "the primary inference system" for Microsoft products and services. The new Maia 300 delivers "40% more tokens per watt compared to leading GPU-based systems." Maia 200 is already live across the US, Europe, and Australia, powering Teams and Copilot. The GPU moat keeps getting thinner.

@TFTC21@TFTC21

Palantir CTO Shyam Sankar on what's really driving the AI safety narrative: "It's a millenarian doomsday cult meets messianic complex called effective altruism... many of these folks in Silicon Valley have filled that God-shaped hole with the machine god of AGI." x.com/innovationcncl…

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The Commoner

Truth for the Commoner, every weekday. Money, machines, and the people trying to control both.

Independent writing by Marty Bent at TFTC since 2017. Money, markets, AI, energy and privacy, delivered free to your inbox.

Free, every weekday. Unsubscribe anytime using the link in each newsletter. By subscribing you agree to our Terms and acknowledge our Privacy Policy. Read recent issues.