Presumably he spent his youth in the Midwest. Austin is a pretty transient city so OP likely moved there.

Funny enough I have felt similar to OP about Texas skies compared to the East Coast. The plains landscape and the heat (common to the Midwest) seems to create a cloud overlay so very different from what you find on the coasts. Me, I'll keep my stratocumulus and cirrocumulus beautiful sunsets of the South Eastern United States anyday!

Having studied this problem space for some time, this is also my read of what the ultimate solution requires. That said, as the author also mentions, the biggest challenges in this paradigm are social, not necessarily technical. Therefore, I think the new solution requires a protocol approach rather than just a technical standard or implementation.

The KERI protocol (https://keri.one/) has been the best attempt I've seen at this. They focus on a similar concept, persistent long lasting identifiers built on top of cryptographic primitives, but they do so with a microledger approach than a monolithic blockchain as the root. The core primitive is what is known as a Key Event Log which tracks verified attestations of key transactions such as issuance, revocation, delegation, rotation, interaction, and so on. It is a very powerful concept that then facilitates stronger trust assumptions via end-to-end verification. And maybe most importantly, enables some very clean key management procedures that then can anchor the protocol behavior needed to optimize for those social challenges discussed earlier.

Regardless, adoption of KERI and other solutions like Spaces has not been very productive. I fear we've reached a tipping point where the external threats are too large now and top-down authoritarian-like solutions that address these issues head on will be the winners, leaving out dociety with very poor tradeoffs in such a critical area.

https://keri.one/

When the market shifts to a more compliance-relevant world, I think the Labs will have a monopoly on all of the research, ops, and production know-how required to deliver. That's not even considering if Agents truly take off (which will then place a premium on the servicing of those agents and agent environments rather than just the deployment).

There's a lot of assumptions in the above, and the timelines certainly vary, so its far from a sure thing - but the upside definitely seems there to me.

Seriously though, I appreciated it because my curiosity got the better of me and I went down a quick rabbit hole in Sugiyama, comparative graph algorithms, and learning about the node positioning as a particular dimension of graph theory. Sure nothing ground breaking, but it added a shallow amount to my broad knowledge base of theory that continues to prove useful in our business (often knowing what you don't know is the best initiative for learning). So yeah man, lets keep name dropping pretentious technical details because thats half the reason I surf this site.

And yes, I did use ChatGPT to familiarize myself with these concepts briefly.

They effectively use credentials and cryptography to link the two together in a zero-knowledge type of way. Real issue, although no one is clearly dying for this yet.

Real solution too, but blind credentials and Chaumian signing is equally naive to think it addresses the root issue. Something like Apple will step in to cast a liability shield over all parties and just continue to trap users into the Apple data ecosystem.

The right way to do this is to give the user sovereignty over their identity and usage such that platforms cater to users rather than the middle-men in-between. Harder than what Cloudflare probably wants to truly solve for.

Still, cool article even if a bit lengthy.

Sure, some parts of work will definitely get better and feel different. But a lot will get worse.

Say goodbye to good working conditions and simple problems. Work life balance is meaningless when your work has a habit of sticking around everytime you close your eyes. And the hero culture of EMS wears off quick when you realize 90% of the time you're societies janitor. That 10% you make a difference is amazing, but for the most part it's medics who are really making an impact and that world is almost as political and overmanaged as technology is.

The real problem is trying to make your career your life source rather than just an income stream. Tech utopia is no different than emergency-medicine utopia - its all fantasies that have no bearing to real life.

I wish the author the best of luck, and the issues they bring up are oh so real, but the source of the problem lies elsewhere in my humble opinion.

Food is basically just pre-made batter, eggs, potatoes, and processed meat; all of which holds well and only requires limited refrigeration. Staff is pretty basic crew: Cooks and customers can order directly at the register if waiter isn't available.

Add to that a culture of staying open at all costs and there you go.

Security vulnerabilities come from the same place they always have. Where IO happens, where transactions happen, and where an operating system does a lot of work. How attackers get to these points, what happens when they do, and then how the system reacts when a malicious event occurs are the factors that matter.

In today's world of complex technologies, I have yet to meet a single organization that is invulnerable to these threats. I've seen a lot of organizations limit damage, patch vulnerabilities, and generally manage their risk profile effectively - but losses are a part of the business.

IMO, the only thing that will really make a difference is when we have technologies that are sufficient enough to male the user more resilient. Only then can we have a truly safer web.

If CRDT is complications and difficult to manage, either YJS resolves that completely, or more likely that complexity will leak out of the abstraction layer no matter what.

To me it seems more like that OP should compare and contrast concurrency solutions, one of which is CDRT via YJS or another could be something like concurrency based on Go routines.

Edit: Should obviously mention Loro, the literal thread we're in now lol

Which, to your point, makes no sense because as you rightly point out, people use S3 because of the Amazon services and ecosystem it is integrated with - not at all because it is "good tech"

Islam is no different from the other Abrahamic religions. It is the culture of organized Islam that is uniquely violent, conservative, and extreme in its views today.

But please, DYOR.

In truth you can write code that is upgradable or ammendable, but always within limits of Ethereum transactions being immutable. However, when a project wants to emphasize that immutability, because that's perceived as the need by the users and the devs, then you end up in this situation.

So, as usual, the problem is solvable with a little diligence. The challenge is for crypto culture to get over itself and mature and actually perform that diligence.

I will say that there are very mature, very well developed projects that you don't hear about getting hacked, because they take advantage of the wealth of experience that's been built on this subject.

Most FinTech is like this though. User Facing front end custom services built on top of bank infra. The bank infra is typically a bank partner and rarely is something like Stripe depending on the exact use case. This basically provides an intermediate alternative between Stripe and bespoke banking relationship.

What makes this topic difficult to approach is the degree of complex issues which surrounds it. We are looking at the intersection of technology innovation, the long-standing failure of institutional and market mechanisms, and combined with a bleak macroeconomic context.

Most people here should take a good reminder that they actually aren't experts in everything.

Look at the suggested reforms the SEC was supposed to undertake AS IDENTIFIED BY CONGRESS. Then look at what actual reforms where implemented.

I'll help you out - almost none. The SEC has had a monopoly on financial market regulation since the 1930s and is just now becoming a victim to the cultural side affects of this monopoly. Shit, I actually think the SEC has done a phenomenal job regarding this and all other aspects of their job.

I agree that law and regulation plays an important role in the market, but as the market has advanced and become increasingly more complex than previous models, I do not believe Law and regulation has kept up.

The GME fiasco and the resulting litigation is a good example of these problems. And before anyone says this is proof the rules in place work - I'd like to point out that our online brokerage infrastructure and market structure has been around since the early 2000's. It's quite difficult to say what has not been surfaced and recognized. And no, despite the nature of the trade itself, no one should discredit the lawsuit as illegitimate. https://www.thinkadvisor.com/2021/01/29/gamestop-lawsuits-hi...

The absurdity and extreme nature of the GME case shows tells me that there are outstanding issues throughout this value chain. And the belief that our system of rules adequately handles this just because the rules exist is a strong indicator of the moral hazard that prevades our market culture.

When are we going to admit that the current rules are no longer working?

Is it objectively better than non-public financial statements? Maybe. Is it worth saying this alone should draw the line on what is considered a "safe" investment? No.

Again, the OP is asking about access, not what you believe about "transparent investments"