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Finance Internet Culture Politics

Day 1624 and Stay Out of the Red

It’s been a busy week for the MilFred family as it has been busy for many families across the word. We are praying for you.

This morning Alex and I were excited to attend the “Digital Assets Public Hearing” in Bozeman put on by The Commissioner of Securities and Insurance Office of the Montana State Auditor.

That is big job and a large office and an important one even if it may sound a bit dry to the average person. They oversee everything from securities fraud and data breach reporting to Medicare and health insurance markets.

I overstrained myself the last couple of days (Alex’s birthday was worth it) so my Whoop was blinking red but but I wasn’t going to miss an important public meeting on a topic crucial to Montana’s future.

For me, the future hinges on to compute and energy. Montana is well positioned. We secured our right to compute this year thanks to State Senator Zolnikov’s bill. And the work continues to as our civil servants.

On June 13, 2025, at 10:00 A.M., CSI will hold a second public hearing in the Cottonwood Room of the Bozeman Public Library at 626 E. Main St., Bozeman, Montana 59715, to further consider the public’s comments regarding digital assets and possible regulation of such digital assets. 

It drew quite a crowd both in person and over the internet as Montana has quickly gained a reputation of being future and freedom focused. And quite reasonably so.

The Commissioner is the statewide elected official responsible for administering the Securities Act of Montana. As part of his duties, the Commissioner is responsible for the regulation of securities in Montana, including encouraging capital formation while also safeguarding Montana investors through mechanisms such as registration and disclosure, as well as antifraud enforcement powers…

The market for digital assets has rapidly expanded in recent years, and the unsettled regulatory landscape at the Federal level has left several questions open. Some bad actors have also exploited the market expansion and the public’s interest in digital assets in fraudulent ways.  The public’s perceptions, experiences, and knowledge of digital assets may aid the Commissioner in determining whether rules or definitions regarding digital assets may be helpful for the people of Montana.

The goal is to help the commissioner and his team understand this emerging market and make sure it works to the benefit of Montanas especially as the lack of federal regulatory clarity has been a challenge we are personally familiar with.

We hope we can help Montana can help her citizens flourish with the right tools. In the past we mined “pro y plata” with picks and shovels but in the future we may use Montana energy to mine Bitcoin and other cryptocurrencies and tokens. So make your voice heard!

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Politics

Day 1620 and Yes Minister

I enjoy British comedy for all the usual reasons. Witty, acerbic, and dry cynicism make for a good laugh even if it seems like a challenging culture to actually live in.

Nerds of my elder millennial era were introduced to Monty Python by our parents but there are many others perhaps more worthy of constant quotation. It’s a diverse genre and helps manage stress about politics.

And sure every week has a “come see the violence inherent in the system” moment these days but it takes a really special kind of stupid to mount a four stages of a crisis narrative campaign in a matter of days. Political satire Yes Minister delivers an excellent example of this tactic.

To set the scene, Sir Humphrey Appleby the bureaucrat (excuse me, civil servant) and his elected minister who eventually fails up to Prime Minister Sir Richard Wharton. The episode is called “A Victory for Democracy” which as you can imagine it is not.

The stages of a crisis are as follows

  1. Stage One:
“Nothing is going to happen.”
    1. Stage Two:
“Something may be about to happen, but we should do nothing about it.”
    2. Stage Three:
“Maybe we should do something about it, but there’s nothing we can do.”
    3. Stage Four:
      “Maybe there was something we could have done, but it’s too late now.”

It’s a very fast set of news cycles when you resign yourself immediately to stage four. Things pop off and escalate and soon we are faced with an ambivalent leadership response that shrugs blame as easily as it did responsibility.

Categories
Politics

Day 1616 and All Hell Broke Loose

Well, I don’t even know how to begin explaining the public fight between Elon Musk and Donald Trump. I’ll say that it was the best afternoon on Twitter, maybe ever? But it was a sad day for America.

Group chats were popping off like it was holiday weekend and absolutely pandemonium reigned on every newsfeed. Major newspapers were maintaining timelines updated tweet by tweet. These are the WSJ and the New York Times late afternoon mountain time.

Today will take time to dissect and I’m sure the Wikipedia page for Thursday June 5th 2025 will be chaotic. So much ridiculous fighting and there was nothing anyone could do to stop it. It was an ugly spat and a public display of contempt for the millions of Americans who just want our government to function.

But holy shit is it funny to see grown men lose their absolute minds publicly when the stakes are literally our government and the most important currency in the world. Honestly I’m so disappointed I can’t even take comfort in being at the very edge of the empire.

Categories
Aesthetics Politics

Day 1612 and Netrunner Molotov Bang Bang Summer

Being a mere node in a large but influential network I transmit as much as I receive. I intake and reroute information as part of my own synthesis process and I appreciate that it benefits me and others. But it also does damage and today was a rough start to June by any measure.

I saw a lot today and I only pass some of it along with the thought it’s going to be netrunner bang bang Gibsonian “who respects the nation state” asymmetrical energy Summer of 2025.

Any utopian dreams of a human noosphere of higher collective intelligence must reflect upon quotidian horrors showing our baser impulses daily and summer is war season for good logistical reasons.

Ukraine appears to have blow up a number of Russian fighter jets with drones smuggled in with trucks. Let’s recall the below image from last year. Ukrainian Netrunners vaping while flying FPV drones stepped up their game hardcore today.

Ukrainian FPV drone operator smoking a vape circa summer of 2024

believe this is the first ever direct attack on any nation’s nuclear triad in history, and it succeeded – @antroyn

Twitter is awash in footage of this drone attack on Russian fighter planes being drone bombed

Operation Spider Web showed the power of asymmetrical warfare and scared the shit out of deterrence war planners as drones versus air superiority is a worry that has now become persistent reality. Nuclear triad theory needs an update.

In other closer to home news, an older white gentleman firebombed a protest along Boulder’s Pearl Street Mall in what appears to be a kind of Molotov cocktail incident over Hamas hostages. It’s my hometown so this is upsetting beyond the wider context of terrorism over the situation. I fear for further tensions in liberal college towns.

Aesthetically, because it’s going to be a high volatility volume time on Wall Street, I am enjoying to see this Twitter account picking beautiful brutalism and “80s cocaine design aesthetics” out of the ether.

If one is to survive a summer of netrunners and volatility, this look will appeal to the sorts who want hyper focus, class & glass. While no one would recommend uppers, it’s clearly part of the overall vibe of managing nervous system input for anyone looking to do violence.

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Community Media Politics

Day 1611 and Ridiculous Remnants

I am sympathetic utopian communities of all flavors. I myself have many dystopian worries because I’d prefer those utopias. I believe we are capable of more when we work together. America is a strange coalition even when we strain at the boundaries of pluralism.

It feels so hard to do this right now as we come up against our alienation from each other. Everybody is in pitched battles for control of the narrative of our future while so many of us battle individual nightmares in the here and now. We can do so much better in reaching for a future for each other but it’s all politics up and down.

The podcasting tech right are three years late to the effective altruists versus effective accelerationist meme wars (EA vs e/acc) as we we are subject to yet another round of Anthropic fear mongering over its potential power as a developer of artificial intelligence. Screaming its the end of white collar jobs tends to rattle.

If I had 3 billion in revenue, the horniest model on the planet and some weird Benthamite fetish I’d probably say less catastrophic shit personally but Anthropic is battling the eye of Sauron SaaS brotherhood of OpenAI’s aggressive financialization needs.

Meanwhile even the most determined of religious nationalist Rod Dreher is experimenting with transhumanism. Or he let an artificial intelligence write an essay in his style responding to the New York Times. Or that is how much he respects David Brooks. The professional pundit class might be listening to the doomers but they experimenting with optimism.

This is a funny way of getting into the New York Times having a panic attack as an institution as its way through various forms of nationalist and revanchist thought.

The least capable morale vehicle imaginable in establishment thought David Brooks took a swipe at Patrick Deneen and VD Vance for their nationalism. Because neoconservatives really understand why Americans in the abstract feel a duty to each. I’m sure during the global war on terror he advocated for it was all very philosophical.

I myself am not very sympathetic to many veins of nationalist thought I was intimidated to be seated on a panel with Deneen this spring as he is a formidable scholar. Speaking on the aims of technology he is much more of the academy and the Citadel than I am.

I feel I have an obligation to engage with all types of political thought as technologists have found themselves with power in America on where. We have to consider how we build and to what benefit. I feel in some way that technologists (especially the optimists) are a political constituency but also a worldview and we coexist among others.

The diverse array of opinions and different constituencies in America are battling over what constitutes the good. America is the land of some degree of diversity and we cannot only serve a narrow band of interests. I am often afraid of the other parties in that debate because I do understand that it is power at stake but I engage because we all have the power to do so. Even if it seems ridiculous sometimes.

Categories
Culture Politics

Day 1606 and Woody Allen Panopticon

The internet loves to have fights over which intellectual, religious, artistic, or political views are discredited by the sins of its people. We have to police all kinds of things lest the youth get the wrong impression.

If you dig into any serious gathering of humans you will be shocked by human nature. You shouldn’t be but Americans have it pretty good so we often are. This despite us living in a Woody Allen panopticon where we cannot separate the man from the work. We are forced to look at others sins constantly.

And it’s upsetting I won’t lie. Way more people than you’d like fall into the pederast camp. I didn’t even know that was a word till I met some Italians. Blessedly free of this knowledge in lived experience. Woody Allen, Michel Foucault (he gave us the panopticon) and Socrates were all committing sins against children. I’d argue you can skip Annie Hall but you shouldn’t skip Plato or Foucault.

Depending on whose authority you crave you the real danger to watch out for is different historical flavors of Marxists and fascists and where they settled.

Plenty of academics and journalists dislike understanding humans for who they were in their time and judging them in context of their output.

That’s dangerous according to more than a few scolds in the media and the academy. Drop the term Straussian and see how it goes over at a dinner party. Dangerous truths ahhh!

There are lots of little shibboleths for discerning which Hegelians took a turn with the Italian futurists. Have you heard of Russian Cosmism?Also dangerous. Don’t even get me started on what it means that JD Vance may or may not be an Ulster Scott and what that does or doesn’t mean to certain sects of reactionaries.

I honestly can’t keep up despite being as relatively close as one can come to being expert weird future fixated movements while not being a historian or a journalist.

Guilt by association in the process of living through history is both a horrifying and sticky business if we look too closely. I have a shelf full of Modernist Marxists which I’m certain wouldn’t have allowed me to survive the Red Scare despite my intense dislike for communism. So beware the Woody Allen panopticon. It comes for everyone. But also leave them kids alone.

Categories
Politics

Day 1601 and Decades Not Days

It can be really hard to know if you are doing the right thing on any given issue. American politics is fraught. Technology is changing faster than our culture is able to metabolize it.

And we have to make choices without false the security of safetyism. We are building the infrastructure of a future that isn’t yet entirely clear.

My husband and I had a moment last night where we lamented that if was hard to know if we were doing any good. We try to be considered and support policies that enable us to live amicably even if we don’t share the same beliefs. Especially then!

Libertarians catch a lot of flack but in a pluralistic democracy it’s best what we’ve got. Watching the battles for who can debase themselves most with populism is a great advertisement for small government.

But in any large system it’s hubris to think any one thing can set us right or wrong. We are the accumulation of our decisions and America has made a few bad ones. But if you can contribute in anyway you might be the extra nudge that pushes the system in a better equilibrium. Civilization is made of decades and not days.

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Community Politics

Day 1592 and Land Grant University Town Comparative Advantage

We don’t live as rural as some people might think. While we very much live out in the county and not the town, we do have a small land grant university town within a reasonable distance.

When you are more rural you come to appreciate how that kind of town provides many types of amenities that a comparatively larger but less diversified city might not.

Academics, outdoorsman, small farmers, military veterans and engineering firms draw from the town’s signature appeal of new young people. That we have incredible natural beauty is hard to beat.

Bozeman is a very different place than my hometown Boulder but Rocky Mountain towns with public universities have a lot in common. The opportunities bring a deeper base of people which means we have more to offer to existing residents and newcomers. We offer a future.

I believe in the comparative advantage of a diverse community with diverse offerings and different types of employment and housing are the bedrock of that. I am very publicly for building denser housing but also more choices for housing, as I saw what zoning regulations did to push my generation out of Boulder and out of Colorado.

If we can’t manage to provide housing for newcomers we can’t keep those who find themselves offering services. Until recently we’d been hiring a young woman to handle our house keeping every few weeks but as she is quite capable her business has grown and she’s hired more people.

Thriving places require all kinds of people to provide an economic base. As Montana prepares for a quickly arriving digital future, our innovation depends on the hard work and just rewards of all us.

And I certainly hope I can do my part to contribute to that. Because I am a terrible housekeeper but I have other useful skills to exchange. Comparative advantage is a beautiful thing.

Categories
Culture Internet Culture Politics

Day 1588 and American Pope

I am not a Catholic (though I am a Christian) so participating in the ambient excitement of welcoming the newly chosen Pontiff feels like it shouldn’t be allowed. Not my pope, not my Conclave right?

And yet I’m I am drawn in by the enthusiasm, the general spirit of joy and welcome, and, yes, the memes about ushering in the Pontiff.

As soon as the white smoke had been sent up, my group chats, media notifications and social streams went wild as we collectively learned more about the new Pontiff and his history. It was announced that Cardinal Robert Prevost would be named Pope Leo XIV.


Pope Leo XIV appears on the central loggia of St. Peter’s Basilica after being chosen the 267th pontiff of the Roman Catholic Church, at the Vatican, Thursday, May 8, 2025. (AP Photo/Alessandra Tarantino)

The details came quickly. And boy did the internet have questions (and a few answers). American Pope?! A Pope from Chicago?!

We soon learned he was a man who ministered to the poor in Peru for most of his life. He studied mathematics at Villanova. He went to seminary nearby my old university.

Blues Brothers Jokes were made as the Vatican must finish the work Francis had set in motion to modernize Vatican finances. A set financial troubles that has remained unfinished and is crucial for the pensions of the clergy.

Naturally many asked if the new Pontiff might be a basketball fan? A Knicks fan? Did he hoop himself?

Did he like Chicago pizza? He has eaten a hotdog at Weiner Circle according to Latin on their newly update sign.

The new Pontiff has a Twitter account. And boy does he Retweet some spicy stuff.

One of my girlfriends drove to see his childhood parish which is nearby her home. Chicago raised Catholics saving church finances so elderly clergy can retire in their home? I feel like I’ve seen this movie and loved it.

The symbolism of the Catholic Church and its representatives are clearly the stuff of which regular observers and semiotics scholars alike can read. Which made for an exciting day for everyone.

In the uncertain modernity we exist in the the Latin mass reassures many traditionalists but for everyone else a holy father who is relatable in interests, origin and culture brings even us Protestants a little closer to Rome.

Categories
Finance Politics

Day 1586 and The Gentleman from Montana

I wasn’t allowed to watch much media as a kid but some exceptions were made. Frank Capra’s oeuvre was one of those exceptions. Mr Smith Goes to Washington was a classic of civic duty. And now as a Montana citizen it has special meaning to me.

The film is about a naive, newly appointed United States senator who fights against government corruption, and was written by Sidney Buchman, based on Lewis R. Foster‘s unpublished story “The Gentleman from Montana”.[4] It was loosely based on the life of Montana US Senator Burton K. Wheeler, who underwent a similar experience when he was investigating the Warren Harding administration. Via Wikipedia

So it was with great enthusiasm today that I cheered on my husband Alex Miller who today was my very own gentleman from Montana. I was glued to CSPAN as I live tweeted his three hour testimony.

Mr Miller served as an expert witness before a Congressional House Financial Services Committee and Agriculture Committee Discussion on “American Innovation and The Future of Digital Assets.” You can watch it all if you’d like.

Screen grabs from the C-Span livestream on YouTube

When he was first invited to testify we weren’t quite sure if it would happen. Behind the scenes there is a lot of wrangling, preparation and negotiations from congressional staffers on both sides of the aisle.

Even then you can still be surprised at the last minute! What was meant to be a bipartisan subcommittee discussing digital assets became most Republicans and maybe officially a roundtable I think? Robert’s Rules nerds will know.

The minority chairwoman walked out with no warning though the rumors circulated late last night that she would protest President Trump’s crypto businesses by walking out. Which is a dick move when many regular developers and businesses are looking for clear regulatory guidance from our legislative bodies.

The poor decorum on the part of Congressional representative Maxine Waters (D-CA) sent the session for a loop as she left at the outset. It would have been more dramatic had it not also come across as a confused elderly woman being pushed around her staffers.

Nice suit though on Ms Waters

The session quickly moved on to its actual business at hand because as mentioned the future of digital financial innovation is bigger than any one man’s business dealings even if he’s the President.

The future is made by those who show up and departure of some of the Democrats from the hearing did not stop the future from arriving nor the expert panel from testifying. Including the witnesses the minority party called. Yeahhhhh they didn’t get to walk out like Ms Waters.

Experts from Haun Ventures, Hiro Systems, Coinbase and more

If you have never watched a 3 hour subcommittee hearing I honestly recommend it as an experience. I was very impressed by the questions and expertise brought to bear on the topic. Honestly I even enjoyed the whacky props like a wrapped gold coin from an Easter Basket as an explainer.

Congressman Nunn

It’s easy to make fun of our representatives for grandstanding, politicking, and general chicanery but it’s a serious deliberative body that makes the rules of the road for all Americans.

I got the sense that in this unprecedented moment for the American economy that everyone who stayed took that role very seriously. To which I say thank goodness!

We have no clear rules of the road in digital assets and cryptocurrency and the Securities and Exchange Commission has not helped.

With no regulations passed and the constant threat of investigations and court cases from the Securities and Exchange commission it’s been nigh impossible for American companies to plan and many digital asset firms have moved abroad.

You shouldn’t have to spend thousands of dollars and untold sums of time on $1000 lawyers to be told “we have no clarity”

It’s hurting American businesses as new digital companies move overseas. The Chairman asked “does the lack of clarity hurt consumers, builders and companies?” Every single witness said absolutely.

We need clear rules of the road and regulatory clarity. And we need to be sure as citizens we don’t let our rights be trampled upon in the process. Americans deserve the future of digital innovation being built here and built with our freedom in mind.

There’s a reason that the amendments that protect our core rights use words like “shall not abridge”, “infringe”, or “be violated” in their language as there’s a whole lot that government can do to restrict or functionally take away our rights without “prohibiting” them.

As I myself have worked to successfully passed right to compute work here in Montana I was beaming with pride as Alex fought for that future in Washington today Mr Miller is our gentleman from Montanan. He’s got a little less hair than Jimmy Stewart but he’s fighting for us all.