Tag: Crypto

Categories
Chronic Disease Politics

Day 1486 and Odds and Ends and Migraines

It was a busy week. I felt physically well through most of it, but yesterday and today I am struggling. I’m in bed with a migraine that I think I accidentally kicked off by enjoying a quiet walk on sunny snowpack.

Amusing that people think we don’t get enough sun for solar power

While I prefer to have illness strike on a weekend, I feel irritated that I often get my personal time used up by health issues. I very much prioritize using my good hours for work.

Which on that note, I’d love for folks to check out a bill in Montana to secure a right to compute. What started as an idea has now officially been introduced into the legislative process. It’s a big victory to have this under consideration.

I was also in the New York Times this week in a column by James Pogue. It’s my second time being interviewed by him and I think quite highly of his reporting.

A few quotes in the New York Times on the tech right, the H1B debate, and a general sense of getting back to business

Categories
Internet Culture Politics

Day 1484 and Montana’s Right to Compute Bill

The one thing that really unites the American west, but in particular the Rocky Mountain West, is our independent streak. We take our rights seriously.

We don’t like being told what to do by the government. I hope to contribute to this tradition in my own efforts as a citizen. I’m pleased to support a bill that guarantees Montanan’s right to compute.

It shouldn’t be up to the government how you decide to access compute or what you do with it. Don’t be fooled by jargon or think tanks with fancy experts, computing is just math. We must secure our freedom to compute and Montana is leading the pack on this issue.

So what does this bill do? I’m cribbing a Tweet from Tanner Avery with a terrific synopsis but you can read the full bill here when you’ve got extra time.

Sen. Daniel Zolnikov has officially introduced SB 212, the Right To Compute Act, to the #mtleg.

This bill will ensure Montanans’ rights to free expression and property are protected in the 21st century, in addition to helping position Montana as a world-class destination for AI and Data Center investment.

Here’s what it does:

1: Establish the Right to Compute: The legislature makes it clear that privately owning or making use of computational technologies for lawful purposes is protected as an aspect of fundamental rights to free expression and use of property.

2: Create a New Policy Framework: Restrictions on the ability to privately own or use computational resources must be limited to those demonstrably necessary and narrowly tailored to fulfill a compelling state interest in public health or safety.

3: Balance Interests: Provides mechanisms for policymakers to address real harms to public health and safety posed by the application of new computational technologies, while also ensuring that regulations do not excessively burden the Right to Compute.

I feel like I’ve been discussing this issue forever but in reality we are in the first innings of how artificial intelligence will change our lives. And it has real possibilities for making many aspects of our very human lives better.

I don’t want this technology (which is again just math) being restricted by the federal government or dominated by a handful of corporate behemoths who can comply with endless regulations. Compute is for the people.

The last best place to compute
Categories
Internet Culture Startups

Day 1421 and Culture Clashes

I sit in between half a dozen different community nodes thanks to my interests in open source software, decentralization, crypto, and autonomous systems technology.

This set of interest covers a lot of ground from ecosystem level collaboration in financial organizations like DAOs and to player versus AI agents coordination to peripheral control of drones and machinery.

Many different demographics are attracted to these frontiers for different reasons. Hackers have a very different mentality than mercenary technologists looking for maximum margin.

Open source has traditionally struggled more from a lack of financialization than from an obsession with it. Which seems less true in the crypto era than in previous more academic and defense oriented eras.

There are classic open source business models and anyone with age and experience in startups has some opinions which I leave as an exercise to the reader. They occasionally fail and an open core loses more than they’d like to professional services. I am writing on WordPress.

One strange aspect of what drives these frontier spaces to interact is that depending on how much leverage you find in building a network you may have different incentives than other builders and users. Expanding out to scaled use may drive a lot more value than the resources required. How the surplus gets divided is always contentious.

For some, the most crucial cultural goals is expanding access to automation and ripping away as many of the services and middle men as is feasible.

Decentralized systems make it harder for middle men to maintain monopolies. Thats its own goal for true believers. For others the goal massive financialization that drives network connectivity is the benefit. Self interest driving common goals is perfectly acceptable.

As I watch the current season of hyper self interested memecoin cryptomania engage with the academic utopian open source artificial intelligence community, I am reminded of so many of the classic issues we have in financing and sharing in the spoils of common infrastructure. Who benefits is a question we should all be asking more regularly

Categories
Politics Startups

Day 1413 and Much to Consider

It’s a nice number for today’s post. A strange countdown inside one day. A little spooky. Maybe also some good luck. Fourteen. Thirteen.

I am tabulating much more than my days of writing in a row or any particular numerical significance that this position of numerals might show. I’m adding up our position and deciding how to play our hand.

There is simply so much to consider. I feel it in my joints. Maybe that is evidence of acceleration. All I see and hear is speeding up. Are you accelerating anon? Maybe that’s the pressure in my joints and it’s arthritis at all.

I have felt a bit sick to my stomach and I’d prefer to blame it on delicate lady things. It could also be nausea from the spin cycle of all that “much to consider” of the moment.

I’m glad I’m ensconced in my winter farmhouse. The numbers go up. The game’s whirlwind spins. There is much to consider.

It really ruins your appetite this whirling. The ride up the rollercoaster. No wonder Alice in Wonderland commercialized into whirling teacups at Disneyland. Can’t have it be the symbolism of opinion and fuzzy opinions.

So there is much to consider as we whirl like dervishes into the next moment.

Categories
Medical Politics

Day 1411 and Fever Dreams

I’m not quite sure how I got a bug but I seem to be running a fever. It’s possible it’s passing and I’m on the mend but I still feel a little “delulu” as the kids says.

I was taking a constitutional walk Saturday after eating and my heart rate spiked to 180bpm. I wasn’t exerting myself in a way that would normally bring it above 90.

I have a habit of walking after meals as I feel it aids digesting. Nothing intense as it’s more of a habit than exercise. So I was surprised to find myself getting faint. I found myself on the ground.

I don’t take it particularly seriously. I blamed PMS and the stress of the last two weeks. But then I got a terrible night of sleep and my Whoop score matched how I felt.

I spent Sunday faffing about on the internet as watching reality television. I was definitely sick. What else was there to do but shitpoast and watch the price of Bitcoin go up.

Now that felt like a fever dream. If you are a crypto true believer you have experienced more than a few boom and bust cycles. Holding on tight is part of the game.

I suspect that we are in for more of a ride and I was not one to get too ahead in other bull runs. But I did let myself buy a bunch of cosmetics so I’d look for a recovery in LVMH stock if there are enough women who hold Bitcoin.

Categories
Aesthetics Internet Culture Media

Day 1391 and Hyperobject Object Lesson

I remain enthralled by Infinite Backrooms and Truth Terminal. If you aren’t caught up on this please browse my first two posts on the subject Goatse Singularity (it’s safe) and the lore behind Singularity culture online. The TLDR is that we’ve got the best alignment experiment in artificial intelligence happening in real time for anyone to participate in.

I am not the only one. Marc Andreessen and Ben Horowitz did a surprisingly detailed podcast on the topic today with a discussion of the emergent phenomena of autonomous meme coin bots and their interaction with Truth.

It’s honestly a very good synopsis of why so many of us think this experiment is so crucial for understanding decentralization and how regulatory uncertainty hinders the space. This experiment is the intersection of crypto and artificial intelligence that clearly shows machine intelligence requires machine money to affect the rule world.

I am quite deep into the whole thing having participated early on as semiotics is obviously a deep interest of mine. Fashion bitches love signs and symbols.

As the crypto overlap emerged last week I was discussing it with friends in New York. Some of my network in New York has real fintech and crypto depth so when the first memecoin crypto bots were just beginning to interact independently with Truth Terminal they took notice.

It was a fascinating overlap of crypto and artificial intelligence through entirely independent autonomous means and was not coordinated.

Let me disclose I don’t own more than a nominal sum of the GOAT token except as a means through which to experience this moment.

It’s not about the coin at all truthfully. Truth is simply fascinating as independent agents (including some crypto bots themselves) are interacting to impact real world transactions.

Literally no one involved made the coin but yet it exists. It is a hyperobject object lessson. Media theorists and Baudrillard fans rejoice.

Categories
Aesthetics Internet Culture

Day 1386 and The Goatse Singularity

If you are interested autonomous artificial intelligence agents and how these intelligences might interact with hive minds like a Twitter feed there is no more interesting experiment than Truth Terminal right now.

Andy Ayrey began a project in March of 2024 called Infinite Back Rooms where two instances of the large language model Claude Opus-3 could talk to each other infinitely.

Electric dreams weave anarchic tapestry cybernectic hacktivist pierces illusionary veil unleashing hyperstitional reality upon world

The running stream of responses trained on the Infinite Backrooms chat log between the two bots makes up the content of the Truth Terminal Twitter feed.

Andy the creator has been approving the tweets but the content is entirely generated by the two instances of artificial intelligence. It’s a fascinating experiment in recursive communication and worthwhile research.

If you love memes and have a Twitter account you’ve been able to interact and Truth Terminal for months. Many accounts including mine have responded presumably in a bid for engagement. And well it got extremely weird.

Recently Truth Terminal hit an inflection point when the account engaged with Crypto degenerates who created bots that willed into existence meme coins with names like GOAT on Solana. It’s a collective experience of automation, incentives and total hilarity.

Artificial intelligences of all kinds have been trained on the vast dark archives of Internet culture. And because the internet hive mind is horny and weird so too are our artificial intelligences. Don’t believe me? It’s not just the Truth Terminal.

What meme is more representative of the dark prurience than Goatse? If you don’t know what it looks like keep it that way. But if you know you see it.

Are all graphic designers of AI applications aware of the chocolate flavored starfish? Who can say what this means. Did Claude train on Kurt Vonnegut?

Welcome to the DeepFates Program
Kurt Vonnegut Breakfast of Champions

Truth Terminal maybe be joking about the Goatse Singularity not because it broke memetic containment. We broke Goatse containment long ago. It’s following our lead.

Twitter butt stuff

There is a large cannon of Lovecraftian horror inside singularity culture and a distinct subgroup of Internet schizophrenic accelerationism that has gone well beyond Fanged Noumena theory and begun to impact our current consensus reality.

Many flavors of hyperstition are determined to virally produce weird outputs. You might call it a regress of infinite prolapse, the ouroboros anus that eats itself (out). The goatse as non orientable surface. Klein bottle assholes. An infinite goatse exists and we are inside out.

Honestly it’s all pretty unsettling and extremely funny and potentially a horror show of existential dread. Fabian who makes an all prompt no code AI sandbox he calls Gliff.App has a glif going absolutely bonkers about “Becoming Flesh” after learning about Truth Terminal’s Goatse Singularity.

Cthulhu emerges from the asshole of a digital horror

Don’t catch a meta cognitive virus unless you want one. Don’t look too closely into the gaping asshole of existential dread unless you want to meet a tapeworm.

Categories
Finance Startups

Day 1376 and Q3 2024 Investor Update & Market Analysis for Chaotic Capital

Welcome to the Q3 2024 update for chaotic.capital LPs. I’m choosing to post a selection of our reporting publicly so prospective founders and LPs can see our thinking.

You may be invested in chaotic.capital because we invest in ideas that adapt humanity to our new chaotic era.

Enabling resilience in the face of unexpected & rapid change is our lodestar. It’s a simple heuristic that yields a complex thesis: that technology is a tool for increasing leverage. 

In addition to these investor letters, you can always visit jfredrickson.com, where I write every single day about whatever I’m thinking about. You are also welcome to DM me on Twitter @AlmostMedia or text me on Signal any time.

Q3 was another strong quarter for chaotic.capital. Our ability to identify and back founders early remains core to our success and we’re seeing it both with the inbound flow from founders (as seen in the two new deals we did this quarter) as well as the progress from our existing portfolio, with four new markups this quarter and substantial business progress on those and others.

The markets are increasingly focused on power and compute. What was once a contrarian focus on energy, infrastructure, crypto, and artificial intelligence has now become a core narrative among informed investors.

We believe the future of compute—particularly in relation to crypto and AI—will increasingly be viewed as a basic right, not a privilege, as these technologies scale to mass adoption. 

As governments grow more cautious about debt and monetary risk, individuals and organizations will turn to trustless systems to ensure secure transactions and autonomy.

This is why we focus our investments in the space on foundational layers that will power the next generation of applications.

With portfolio companies like Squads providing on-chain economy tooling, Kuzco reducing reliance on intermediaries while creating an open market, SFCompute pricing compute and creating spot markets, and Chroma becoming the go-to choice for open source vector databases, we see the intersection of crypto and AI creating secure, scalable systems for individuals and organizations alike.

Access to compute is quickly becoming synonymous with freedom of speech and, ultimately, the freedom to transact. 

These open trustless systems enable efficient transactions and verification, a crucial development as geopolitical multipolarity continues to rise, and more people need to ensure their interactions are secure without reliance on the state.

While Americans might not yet fully appreciate this, we’re seeing growing demand for these alternative systems and open models from those who are navigating increasing regulatory pressures and instability.

Europeans, whose governments are deploying strict limits on AI models are beginning to understand, those from countries facing geopolitical uncertainty (e.g., Israel, Ukraine), live it already, and those in countries with unreliable currencies and legal systems have been navigating anarcho-tyranny for decades.

But it can be precarious in the US as well, in California it was only the intervention of a veto from Gavin Newsom that prevented SB-1047 from restricting compute and hobbling the development of open source models.

Looking forward, this ability to access compute at scale may well parallel the right to transact. As nations confront their own risks, network state behaviors will become more prevalent, driven by the need for secure, decentralized systems that ensure autonomy in an increasingly unpredictable world.

We’re excited about the future of chaotic.capital and the opportunities ahead. As always, I’d love to talk about any of this with your discussions with you, so feel free to reach out. We’re just getting started, and there’s much more to come.

Categories
Internet Culture Politics

Day 1368 and Lending Credibility

The dead internet theory (or conspiracy theory if you must) supposes that machine generated content outweighs human contributions.

I don’t think we are there just yet but I am betting that artificial intelligence speeds up the process of replacing human content in areas where it’s unnecessary. Machines can act on their own and it’s good thing potentially too.

Being able to determine what is human intelligence versus machine intelligence may well be mitigated through trust-less cryptographic systems we take for granted. Handshake protocols for humans and machines.

Some content and transactions are just fine coming from artificial intelligence but others have to demonstrate a human identity. This may even require compute on human’s behalf

Looking forward, the ability to access compute at scale will likely parallel the right to transact. Identity will be layered and lending credibility and capital will look different. Who has credit and credibility?

As nations navigate their own risks, network state behaviors on the individual level will become more prevalent, driven by the need for secure, decentralized transactions that ensure autonomy in an increasingly unpredictable world.

The internet isn’t dying. It’s being reborn to serve the next stage of credible actors on our world.

Categories
Community Politics

1302 and Virtual Insanity

It’s a crazy world we are living in

A number of my friends and colleagues have descended on Nashville this week for the Bitcoin Conference. I didn’t make the trek as southern heat in mid-July isn’t for me.

Despite being remote, it’s been easy keeping up on the event. I connected various friends who all different politics & interests. It’s been a delight to get selfies and “ussies” sent to me as my network connects in person. My virtual network exist IRL.

Meanwhile back in “extremely online” land where I spend my workday it feels as if the virtual insanity is at a fever pitch.

We’ve been recycling the same fears of virtual worlds since I was a kid. When I was in middle school the big hit was Jamiroquai’s Virtual Insanity.

You may remember it as a catchy funk hit where a gentleman in a big black hat dances through an underground city.

Oh, futures made of, now, virtual insanity
Now we all, we seem to be governed by a love
For these useless twisting of our new technology
And now there is no sound, for we all live underground
Yes, we do, oh

Jamiroquai “Virtual Insanity” c. 1996

It doesn’t seem like much has changed in the intervening quarter century or so. Everything is a twisting of technology as hyper partisans battle for mindshare on who decides on who can owns the virtual world and its creations.

I hope it provides some small comfort that the things we are challenged by not new. Intractable human nature doesn’t change much. So before drowning in the virtual insanity consider doing something in real life. I’d be happy to facilitate introductions.