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Comment Those idiots will drag you down with them (Score 1) 27

This is the problem with letting these things get out of handle. Crypto and Bitcoin are large enough that they could potentially have an impact on the broader economy when people lose money in them.

You can't just wash your hands of things. Not in a modern economy. Everything is interconnected and sooner or later shit rains down on everybody.

Comment Re:seriously - who certified or tested this (Score 3, Interesting) 27

40 bit is within reach of practical guessing attacks. 128 bit is not, but just barely (the limit where it becomes reliably unguessable is somewhere in the 80...100 bit range). If you are serious about things you use at the very least 256 bit. And, obviously, you do independent expert review on any major change. This one is so abysmally insightless and bad, it may well have been an intentionally placed backdoor. I wonder whether they can still reliably say who did the change.

As to who certified that, this is the crapto space. Where everything is easy, nothing needs to be certified and stupid is the name of the game.

Comment Re:Buffett: "Only when the tide goes out..." (Score 2) 37

It is actually worse. LLMs do sort-of have a world-model, but they cannot really use it. What they lack is deductive capabilities with the power needed to do plausibility checking against that world model. And there is no way to create that because statistical "deduction" will always be very shallow and very unreliable.

As a simpler description, LLMs have all the data, but they have no insight that would allow them to use that data competently. They can only make statistical guesses and that is not enough outside of some small and not very important application areas. Hence engineers will not get replaced. But they may get pissed and some people may find nobody wants to work for them anymore.

Comment Re:obvious bubble (Score 1, Interesting) 37

Sorry, but AI is not great for coding. Sure, if you were coding on slop-level before, you can do it faster and with even less understanding using an LLM to assist you. But liability and other requirements are finally coming to software. The EU CRA and DSA creates requirements that LLMs (or human-creates slop) cannot fulfill. And they both come with real teeth.

Comment No, they look like an assured fail (Score 1, Insightful) 37

No risk in that. I mean more and more enterprises see no revenue growth from using AI, AI code is problematic in several regards including copyright, prompt-injection is unsolved and may be unsolvable, and now it turns out that running these things may make you hack everybody around you.

There really is nothing this tech has going for it except somewhat better search. The rest is either massively risky or does not deliver.

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