As for verification being expensive, it sounds like you don't know the actual costs. It's basically a hash. Finding the pre-image of a hash is very expensive to the point of being impossible. Verifying a pre-image + hash function = a hash is extremely cheap. That's the whole point of 1-way functions. Bitcoin itself is at ~1000 EH/s (exahashes per second)

Again, this isn't a technical problem. It's a coordination problem.

The reason this is a dumb idea is because coordination and timing. When does the cutover happen? Who decides which transactions no longer count as they were "broken" b/c of quantum computing? The idea is broken but not from technical fundamentals.

Ito is a voice to intent app that turns what you say into structured text: notes, messages, code, or any text field you’re working in. It’s designed to feel fast, clean, and distraction free. It works on Windows and Mac.

Most speech tools are either locked inside closed systems or overly complicated & overly parameterized and difficult to setup. We wanted something that works like a native app, looks good, and stays transparent about your data. Ito is open-source under GPL-3.

Our focus is simplicity and polish. You can use a few different models and providers but we're still working on an entirely local first experience. It's also pretty easy to host yourself if you want to avoid our infra all together.

We’re still early, but it’s already stable enough that I use it daily for coding notes, writing, and quick thoughts between tasks.

Try it here: https://ito.ai

Code: https://github.com/heyito/ito

Would love feedback, critiques, and ideas for integrations.

Comments URL: https://news.ycombinator.com/item?id=45838634

Points: 16

# Comments: 21

(1) https://en.wikipedia.org/wiki/Micro_black_hole#Expected_obse...

Even a "large"ish primordial black hole would probably just pass straight through the Earth without anyone noticing.

Strange matter on the other hand...

https://qz.com/theranos-sunny-balwani-jail-time-elizabeth-ho...

It's unclear which jobs with be enabled with more productivity vs replaced completely.

It's in CA best long term interest to support as many people as possible. Remote work isn't going to solve the problem that someone who works at Walgreens cannot afford to live within 20 mi of the city.

Well, plain text representation would just be too dangerous. Companies could mine your consciousness, duplicate it at will or whatever else they wanted. It's a scary thought. FHE provides the solution.

So if Alice wants to send Bob an NFT, Bob creates a new address (recoverable with the same seed phrase) and Alice sends it there. Bob can then fund the wallet with tornado cash to use the NFT.

It's a stupidly complex way to achieve privacy and Tornado Cash is illegal. That's why we need private by default chains like Aztec & Aleo

> The main[1] answer to your riddle is that the economy grew about ~6x faster than we have been mining gold. The dollar is closer to being worth 7x less than 45x less.

How are you measuring it? It's a circular argument if you measure it in dollars. If it measure it in anything that can't be made more efficient due to automation & offshoring, it's no where near a 7x decrease.

> [1] The secondary answer to your riddle is that late-night-infomercial-manufactured demand from goldbugs and other morons can easily raise the price of gold significantly above where it 'ought' to be. Beanie babies, baseball cards, etc.

Gold is simply a good that's impossible to mass produce with technology. Use land, housing, healthcare, education or whatever you feel is most representative. Using toothpaste and tv's for CPI is a bad measurement in the last 50 years, our technology for mass producing them has lowered the true cost.

(1) https://educationdata.org/average-cost-of-college-by-year

(2) https://www.in2013dollars.com/Medical-care/price-inflation

(3) https://fred.stlouisfed.org/series/ASPUS

(4) https://www.statista.com/statistics/196400/average-value-of-...

I wrote a longer comment a year ago but here's a piece: "The price of gold was $45/oz in 1970. 52 years later it's $1,800/ounce. That's roughly 7.6% a year or 45x increase. If you use the inflation provided by the government, CPI, (1), they say inflation is only 3.6%/year or roughly 7x since 1970. Obviously we have a discrepancy. Is the dollar worth 45x less than 1970 or 7x times?

When we look at prices of things like education, housing, and healthcare, the 45x number makes a lot more sense. Education has 30x in price over the same time period (2). If you're comparing prices in dollars, it feels like education got really expensive compared to the basket of goods the BEA tracks but in reality, education requires less gold than it did in 1970. Our incredible supply chains and manufacturing automation have lowered most consumer prices such that we don't really notice inflation but when you look at things that can't get much cheaper like housing, healthcare, education, asset prices of all sorts, you can't miss the fact that they correlate more closely with gold than the USD."

(1) https://news.ycombinator.com/threads?id=dumbfoundded&next=29...

Stablecoins are a large use case in crypto now but there isn't a private stablecoin yet (I'm ignoring all SGX based technology). A private stablecoin, fully backed by audited bank reserves would enable something like a private Venmo. This private Venmo would know how much you brought in and took out but would have no idea what your transaction history looks like. I think in the next few years we'll see a private Venmo.

The only reason we didn't have bank runs and frozen accounts is because the Fed stepped in to provide liquidity to the whole market. The banking system would've collapsed similar to the Great Depression without such action. Lots of people lost their savings in the Great Depression.

Let's say a US company gets ransomware attacked by a Russian national and demands payment in bitcoin. US company pays in bitcoin and later reports crime. All accounts get flagged. Anyone helping that address offramp the money will be in trouble. So there has to be a Russian exchange dealing with Russian banks that's creating a track record of provably aiding in crime. It's either going to be such a small amount no one cares or the Russian companies involved will be sanctioned.

Because of the public permanent record, the utility of ETH and BTC are decreasingly useful. Things like instant international settlement, fast payments, and the alike can always be better done with tradfi. Privacy and avoiding regulation was the only real utility ever.