rschneid
Joined 10 years ago
Joined 10 years ago
If you were interested in learning more about the nuance of the situation you might appreciate the information therein, but you're also free to reply to anyone who provides alternate perspectives or additional information with silly labels like 'true believer' instead of addressing the content of their messages!
If anyone is interested in learning more here's a great primary source interview with an ebay seller: https://www.youtube.com/watch?v=C1ij2nQymtA
and a retrospective here for those without as time/interest
https://www.youtube.com/watch?v=OyS9Q-LnhPE
I think it's good to let folks reach their own conclusions!
Your post has strong feelings and is light on facts...
In this case the claim was ASIC-resistant PoW is possible, and the proof has been the historical behavior of miners after years of RandomX. Nobody said it would be eternally or entirely resistant to optimizations...
Wait...
> This case also highlights how the use of artificial intelligence (AI) can potentially contribute to the development of preventable adverse health outcomes. Based on the timeline of this case, it appears that the patient either consulted ChatGPT 3.5 or 4.0 when considering how he might remove chloride from this diet. Unfortunately, we do not have access to his ChatGPT conversation log and we will never be able to know with certainty what exactly the output he received was, since individual responses are unique and build from previous inputs.
However I don't see this single negative instance of a vast social-scale issue as much more than fear/emotion-mongering without at least MENTIONING that LLM also have positive effects. Certainly, it doesn't seem like science to me. Unless these models are subtly leading otherwise healthy and well-adjusted users to unhealthy behavior, I don't see how this interaction with artificial intelligence is any different than the billions of confirmation-bias pitfalls that already occur daily using google and natural stupidity. From the article:
> The case also raises broader concerns about the growing role of generative AI in personal health decisions. Chatbots like ChatGPT are trained to provide fluent, human-like responses. But they do not understand context, cannot assess user intent, and are not equipped to evaluate medical risk. In this case, the bot may have listed bromide as a chemical analogue to chloride without realizing that a user might interpret that information as a dietary recommendation.
It just seems they've got an axe to grind and no technical understanding of the tool they're criticizing.
To be fair, I feel there's much to study and discuss about pernicious effects of LLMs on mental health. I just don't think this article frames these topics constructively.
https://catnmsplan.com/sites/default/files/2025-04/04.01.25-...
Also, CAT is run by CATNMS, LLC which was created in response to an SEC rule 613, however it is operated by the same consortium of SROs that it purports to provide oversight on...
All these layers of responsibility diffusion and a notable absence of penalties for failing to meet rule 613 guidelines mean that rule is little more than for show.
> When SEC approved Enron's change in account reporting practices from historical cost to mtm, I would argue that the SEC failed it's mandate to protect investors by allowing disingenuously optimistic instrument valuations
I'm not sure what about that you think is evasive but I'd like to end the conversation here regardless.
[1][Whats] one example of something the SEC had a mandate to do that it didn’t.
But my point wasn't even to say whether a given industry as broad as finance is 'lawless' or not, that's your sweeping strawman. I was just saying that in Finance of ALL industries, the line between lawful and illegal has been, and continues to be literally, morally and philosophically blurry...
>> an implicit status quo that could be changed any time
> So is a history of enforcement!
Are you really saying that history can be changed at any time?
While there will always be jurisprudence that attempts to advance precedent, a history of consistent enforcement cannot, in fact, be changed. People will always have vulnerability to novel interpretations and surprising re-interpretations of the law, but laws which sit on the books IGNORED can easily lead to essentially undefined behavior which I have no doubt you can understand the potential pernicious nature of...
These mandates are, of course, subjective and vague enough to be interpreted a variety of ways whether you view 'investors' as institutions, households, individuals, etc... What you define as 'fair/orderly/efficient', and what meaningful 'capital formation' really is.
When SEC approved Enron's change in account reporting practices from historical cost to mtm, I would argue that the SEC failed it's mandate to protect investors by allowing disingenuously optimistic instrument valuations. You could argue that eventually the SEC fulfilled its mandate by recovering much of the misappropriate funds, but it's hard to say they didn't also facilitate the disorder in approving these instruments given how that story concludes with a corporate collapse and flurry of regulation...
My only point is that the notion of 'legal' can get very fuzzy when you're talking about an industry with so many private/self-interested entities that rival or exceed intellectual/manpower of the agencies responsible for regulation.
If you want to learn more about the SEC's role or dereliction of duty in the Enron case you could start here: https://www.investopedia.com/updates/enron-scandal-summary/#...
Google could lead you to more evidence, if you wish to explore the hypothesis further...