Agree with this analysis. Not enough focus on taxes in the article, it's mentioned but in a hand wavy way.

There are some bond funds that do this exact dividend farming but are tax exempt. I'm in a high tax bracket, these dividend ETF's are being taxed at my income bracket, not long term investment, reducing the yield significantly. I have a good chunk in a state specific vanguard bond fund that is exempt from both federal and state tax. Lower yield, but not taxed. Lots of ways of going about this.

My experience using these to summarize things is that they are TERRIBLE with numbers. Words, by their nature, have a certain cadence and relationship. Numbers are just random digits to an LLM, 30 is no essentially no different than 30,000,000. In summary, enjoy having the wrong numbers at least 25% of the time.

"He said that users will be able to wear the device around their necks, like a necklace, whereas the AI Pin can be attached to clothing with a clip."

Yeah, because THAT was the problem with the Humane pin, how you wore it, not the 'nobody wants or needs this' part.

We want a currency that is free from government control and laws!

Also, government, please protect me and enforce laws!

Did they try pressing the Turbo button?

/only old people will get this
//mashes the Turbo button, every time

What a waste fun with kids your own age is when you can program weapons to kill people. Meritocracy!

...I don't have any money invested with BlackRock.

Late 20's would put them in the "javascript on the server" generation.

October 2023:

“When I say payments, I actually mean someone’s entire financial life,” Musk said, according to audio of the meeting obtained by The Verge. “If it involves money. It’ll be on our platform. Money or securities or whatever. So, it’s not just like send $20 to my friend. I’m talking about, like, you won’t need a bank account...it would blow my mind if we don’t have that rolled out by the end of next year."

The "rewrite everything" management style doesn't worry about details and rules.

"My technical and management genius will easily make those problems go away" and not end us up in months of delays and fixes and a 2nd full rewrite.

So move from one antiquated, abandoned language to another?

If properly backed dollar for dollar, that is the theoretical use.

The problem is that stablecoins in practice go like this:
CryptoBro: Hi Tether, I have $50,000
Tether: Excellent, here's $1,000,000 Tethers!
CryptoBro: [Buys $1,000,000 worth of bitcoin] Look how rich I am!

What few rules exist have almost nobody left to enforce them. May as well invent some money from thin air, as long as you aren't promoting equality you're free to pillage.

"This effectively meant that the algorithm was able to look at the available evidence, analyse the possibilities, ask questions, design experiments and propose the very same hypothesis that we arrived at through years of painstaking scientific research"

Talk about nonsense. The AI looked at the words you asked and found the most probabilistic next word, and then the next most likely word, rinse and repeat.

Designing experiments and analyzing results, absolutely not.

If microplastics are in vaccines, they will kill you. If microplastics aren't in vaccines, they are good for you.

Signed
"Doctor" Kennedy