Lot of VC work is regulatory arbitrage: how to steal the flowers from the public park without going to prison. That's why they are so proud of all these local sectoral monopolies they established while the lawmakers were asleep at the wheel, or bought, so the normal limits on profit in a market economy, through competition, are suspended.

Bulk of VC compensation is management fees, wisely based on the "head I win tail you lose" model and losses are often outsourced to ordinary folks via institutions like the Ontario Teachers' Pension Fund.

Money is just the scoring system of the economic game. If the rich play zero sum games with the points with each other it's harmless, and much better than malinvestment in Yachts or Web3 platforms where actual steel and engineering capacity is taken away from better use cases.

Having a big player as the "ARM of Risc-V" funded by VC was so toxic. It takes the oxygen out of the ecosystem.

The next step in open hardware is not having more proprietary silicon shops, it's streamlining the manufacturing process to make it look more like pooled PCB manufacturing, so that open collaborative groups can cheaply iterate their designs.

The GDPR does not mandate gratuitous and pointless personalised spying, which is the only case that requires consent. Normal operations (say a shop collecting payment details and shipping address to fulfil an order) do not require a consent banner.

The idea here would be to run things like the TCP stack, USB from the lowest proxy-able level the in USB stack, etc in the guest kernel(s), as well as the entire application level, so as to reduce exposure to vendor kernel bugs and feature freeze leaving it only with minimal SOC-specific nitty gritty. For GPIO the vendor kernel could be used as a PRU of sort, passing messages to the guest kernel for actual processing.

Then the vendor kernel is just treated as a BIOS/blob getting in the way as little as practicable, it's very ugly but would allow using all these boards, also same method could possibly be used to recycle obsolete android phones.

maybe they should just grandfather RHEL (only support current releases for the 10 year period, no new LTS) and if clients want a security patched newer version of Linux, offer consultancy to help them switch to Oracle Linux. and then Larry will have to actually do the work lol.

maybe at a later point they can offer support for a bug-for-bug compatible rebuild of Oracle Linux :-)

Unlike classic "hiring a musician", here it's practical to "hire" the (robot) musician 10000 times with a feedback loop between the model and the prompt writer, iterating and picking the best output(s)... which looks like a similar process to other exercises considered art forms.

Counter-intuitively, in democratic systems, lot of young people means pensioners become a smaller proportion of the electorate: so the cake is notionally bigger but the slice pensioners can claim might end up proportionally smaller due to weakened bargaining power.

BTW accountless twitter got better under Elon: it's now possible to just bookmark one's follows offsite, and poll their page every so often, without as aggressive login walls as under Jack. Also nitter.net seems to have survived the API armageddon quite nicely and is good for accountless twitter with even fewer distractions.

TXT = CSS^^2b

He does not need de-sensationalizing but he badly needs summarising, which seems adjacent. That Matt Levine refuses to use the services of an editor is one of the greatest tragedies of our era.

That revenue is probably mostly fees from the exchanges. Alameda as a partnership started with peanuts and was at some point (say 2021 fiscal year) was worth like 80b or whatever out of trading and made up coins whose cost is petty expenses on a web page and a few dev days, so an aggressive interpretation is that 80B minus 10 million whatever is capital gains, that passes through Alameda partners as personal income.

Of course they burnt it all the next year so there might be an equally big tax credit for fiscal year 2022, to be used against future profit/income lol.

Also, FTX had no concept or accounting of client assets, so for tax purposes it might be considered that all the money clients "deposited" was revenue, which is how SBF functionally treated it.