I am on board with basically everything this article is arguing, but I think it covers the easy part (that "people run their own servers" is the only solution to the problems caused by relying on giant ad corps to provide the server half of client/server software) and skips the hard part, which is the software they run.
Like, suppose some really good personal server software existed. Suppose there were an OS-plus-app-repository platform, akin to linux plus snapcraft, but aimed solely at people who want to host a blog or email server despite knowing nothing and being willing to learn nothing. It installs on to a raspberry pi as easy as Windows. It figures out how to NAT out of your cable modem for you. It does all the disk partitioning and apt-gets and chmods, you just open the companion app on your phone and hit the Wordpress button and presto, you've got a blog. You hit the Minecraft button and you've got your own minecraft server, without having to learn what "-Xms2G -Xmx6G" means. It updates itself automatically, runs server components in sandboxes so they can't compromise each other, and it's crack-proof enough that you can store your bitcoins on it. Etc, etc.
If that existed, we wouldn't have to write essays about freedom and so forth to get people to buy it, they'd buy it just because it's there. I mean, look at those digital picture frames - they cost more than a rasbpi and are way less useful, and half the people I know got or gave them for christmas. Why? Because they're neat and they cost less than a hundred bucks and they require no knowledge or effort. If a server that can host your blog were that easy, it'd get adopted too, and we'd be on a path to some kind of distributed social media FB replacement. Imagine the software you could write, if you were allowed to assume that every user had a server to host it on!
The problem is, that software doesn't exist and it's not clear how it would ever get made. It'd be a huge effort (possibly "Google building Android" sized) and the extant open source efforts along these lines lack traction, mostly due to the chicken-and-egg problem of any new platform that needs apps to be useful. And until it exists, any kind of neighborhood-internet-collective-power-to-the-people dream has to necessarily begin with hoping that millions of people will spontaneously decide to spend their precious free time doing systems administration.
Not to shit on a fine essay that I mostly agree with. It just seems like, without figuring out the software, this is daydreaming.
> Usually getting an AI to act badly requires extensive “jailbreaking” to get around safety guardrails. There are no signs of conventional jailbreaking here.
Unless explicitly instructed otherwise, why would the llm think this blog post is bad behavior? Righteous rants about your rights being infringed are often lauded. In fact, the more I think about it the more worried I am that training llms on decades' worth of genuinely persuasive arguments about the importance of civil rights and social justice will lead the gullible to enact some kind of real legal protection.
And it's incredibly easy now. Just blame the Soul.md or say you were cycling thru many models so maybe one of those went off the rails. The real damage is that most of us know AI can go rouge, but if someone is pulling the strings behind the scenes, most people will be like "oh silly AI, anyways..."
It seems like the OpenClaw users have let their agents make Twitter accounts and memecoins now. Most people are thinking these agents have less "bias" since it's AI, but most are being heavily steered by their users.
It’s funny to think that, like AI, people take actions and use corporations as a shield (legal shield, personal reputation shield, personal liability shield).
Adding AI to the mix doesn’t really change anything, other than increasing the layers of abstraction away from negative things corporations do to the people pulling the strings.
It feels like you're missing the whole point of the whole article, which is that treating public pensions like a bunch of 401ks misses the opportunity to invest all that money in something that benefits the retirees collectively. I'd rather retire on 4% from a bond to improve the school my grandkids go to than 5.5% from a PE firm that intends to "more efficiently manage" the retirement home I live in.
The depositors were using SVB because SVB was willing to hand out loans to startups with no revenue that other creditors wouldn't fund, right? Using a less reliable vendor to get a better rate is a risk, whether that vendor is supplying labor or parts or banking services.
One could argue that the depositors didn't know SVB was unreliable, but that's kind of undercut by the fact that there was a run on the bank in the first place.
https://ineptech.com is sort of my personal site and sort of a software site parody, which may or may not be what you're looking for, but I'll throw it on the pile.
> The federal government responded to the 2008 crisis by limiting the ability of traditional banks to take on big, risky loans. Since then, however, private-equity firms, which aren’t subject to the same regulatory scrutiny as banks, have gotten more heavily into the lending business. As of early this year, these firms had lent about $450 billion in so-called private credit to the tech sector, including financing several of the deals discussed above. And, according to one estimate, they will lend it another $800 billion over the next two years. “If the AI bubble goes bust, they are the ones that will be left holding the bag,” Arun told me.
> A private-credit bust is almost certainly preferable to a banking bust. Unlike banks, private-equity firms don’t have ordinary depositors. In theory, if their loans fail, the groups that will be hurt the most are institutional investors, such as pension funds, university endowments, and hedge funds, limiting the damage to the broader economy. The problem is that nobody knows for certain that this is the case. Private credit is functionally a black box. Unlike banks, these entities don’t have to disclose who they are getting their money from, how much they’re lending, how much capital they’re holding, and how their loans are performing. This makes it impossible for regulators to know what risks exist in the system or how tied they are to the real economy.
> Evidence is growing that the links between private credit and the rest of the financial system are stronger than once believed. Careful studies from the Federal Reserve estimate that up to a quarter of bank loans to nonbank financial institutions are now made to private-credit firms (up from just 1 percent in 2013) and that major life-insurance companies have nearly $1 trillion tied up in private credit. These connections raise the prospect that a big AI crash could lead to a wave of private-credit failures, which could in turn bring down major banks and insurers, Natasha Sarin, a Yale Law School professor who specializes in financial regulation, told me. “Unfortunately, it usually isn’t until after a crisis that we realize just how interconnected the different parts of the financial system were all along,” she said.
A lot of people lost money when YHOO tanked in 2000, but the money they lost generally hadn't been lent to them by a bank, which is why 2000 was a tech crash and not a finance crash. I generally think of private equity as a rich guy gambling with a wealthy guy's money, but to the extent that the last ten years of growth have made private equity seem safe enough for banks and pensions to invest in, a correction caused by AI companies failing seems a lot scarier.
The systemically important banks are better capitalized than ever before so even if the AI industry crashes I expect the banks to survive. But life and property insurers are more like financial dark matter. They've been buying a lot of bonds where the ratings understate the true default risk. My guess is that some of them will get hit hard.
I second these points. Risk has moved private equity post 2008.
Here's my question: what in the hell do C-board people including CFOs do besides a sales hussle? I guess it's shareholder money not their personal butt on the line.
People love to invest in Berkshire Hathaway stock and we know why: they don't do stupid.
I feel like we've always been living on borrowed time, due to the historical accident of the internet being built by academics and public institution employees. If internet protocols had been built by for-profits, HTTP requests would include credit card # as a mandatory header.
People were talking about micropayments for content in the early '90s. The first digital currency proposals were made with exactly this use case in mind. Ironically, the protocol that finally stuck the landing is terrible at handling this exact situation.
I'm convinced btc was created by the US gov specifically as a honeypot to determine if anyone had developed a functional implementation of shor's algo, and have propped the price up to keep the target lucrative.
The #1 thing I want from Firefox is for it to keep existing in the long term, as a hedge against Google's monopoly. Burning capital on hardware-intensive AI features to get FF from 1% market share to 2% market share would endanger that, no matter how useful the features might be.
Firefox development is funded almost entirely out of Google's massive donations to Mozilla. For Google, it's no more than a regulatory hedge - something they can point at and say that Chromium and Webkit are not a duopoly. But the flip side is that if Firefox were to ever become a real threat, Google pulls funding and Firefox is toast.
So if we want Firefox to ever seriously compete with Google products, the first thing we need to do is fund Mozilla. When a company's entire capex comes from a monopolistic competitor that would rather see it dead, any talk about capex is bikeshedding.
Like, suppose some really good personal server software existed. Suppose there were an OS-plus-app-repository platform, akin to linux plus snapcraft, but aimed solely at people who want to host a blog or email server despite knowing nothing and being willing to learn nothing. It installs on to a raspberry pi as easy as Windows. It figures out how to NAT out of your cable modem for you. It does all the disk partitioning and apt-gets and chmods, you just open the companion app on your phone and hit the Wordpress button and presto, you've got a blog. You hit the Minecraft button and you've got your own minecraft server, without having to learn what "-Xms2G -Xmx6G" means. It updates itself automatically, runs server components in sandboxes so they can't compromise each other, and it's crack-proof enough that you can store your bitcoins on it. Etc, etc.
If that existed, we wouldn't have to write essays about freedom and so forth to get people to buy it, they'd buy it just because it's there. I mean, look at those digital picture frames - they cost more than a rasbpi and are way less useful, and half the people I know got or gave them for christmas. Why? Because they're neat and they cost less than a hundred bucks and they require no knowledge or effort. If a server that can host your blog were that easy, it'd get adopted too, and we'd be on a path to some kind of distributed social media FB replacement. Imagine the software you could write, if you were allowed to assume that every user had a server to host it on!
The problem is, that software doesn't exist and it's not clear how it would ever get made. It'd be a huge effort (possibly "Google building Android" sized) and the extant open source efforts along these lines lack traction, mostly due to the chicken-and-egg problem of any new platform that needs apps to be useful. And until it exists, any kind of neighborhood-internet-collective-power-to-the-people dream has to necessarily begin with hoping that millions of people will spontaneously decide to spend their precious free time doing systems administration.
Not to shit on a fine essay that I mostly agree with. It just seems like, without figuring out the software, this is daydreaming.
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