2024 election

Trump’s Crypto Embrace Could Be a Disaster for Bitcoin
02 Aug

Trump’s Crypto Embrace Could Be a Disaster for Bitcoin

stp2y0 CommentsRAG models, , , ,
Donald Trump is an unlikely crypto ally. The power of bitcoin, embodied in Satoshi Nakamoto’s founding document, is that it frees participants from murky assessments of trust, instead relying on the bedrock of proof.Bitcoin is truth. So it was cosmically weird last week to hear the attendees of the Bitcoin 2024 conference in Nashville enthusiastically hailing a former president who, by one painstakingly compiled count, lied 390,573 times in his single term in office. The believers of a mathematically indisputable blockchain poured on the hosannas as Donald Trump delivered a speech bulging with falsehoods, fabrications, and fantasies. They hooted with…
Read More
Donald Trump’s Plan to Hoard Billions in Bitcoin Has Economists Stumped
31 Jul

Donald Trump’s Plan to Hoard Billions in Bitcoin Has Economists Stumped

stp2y0 CommentsRAG models, , , ,
Even if Trump were to restrict the reserve to bitcoin seized through law enforcement activity, his administration must also weigh up the opportunity cost associated with holding onto bitcoin. Whereas some assets—like bonds—generate a consistent income stream for holders, bitcoin does not, making it expensive to hold.“The question comes down to what the government would get out of the hoards of bitcoin it would be holding,” says George Selgin, director emeritus for the Center for Monetary and Financial Alternatives at the Cato Institute, a US think tank that promotes libertarian principles. Previously, the US government has periodically auctioned off the…
Read More
People Are Using Memecoins to Bet on the US Election
29 Jul

People Are Using Memecoins to Bet on the US Election

stp2y0 CommentsRAG models, , , , , , ,
On July 13, as word spread that a would-be assassin had narrowly missed killing Donald Trump at a rally in Butler, Pennsylvania, a trading frenzy began. Within an hour of the shooting, the price of TRUMP, a cryptocurrency inspired by the former president, had jumped up by more than a third, from $6.34 to $8.69. The memecoin was, in effect, a bellwether for the upcoming US election.Tens of political memecoins have been created within the past year; there also are coins modeled after high-profile politicians such as Joe Biden, Kamala Harris, Robert F. Kennedy Jr., and Alexandria Ocasio-Cortez. They share…
Read More
Elon Musk shared a doctored Harris campaign video on X without labeling it as fake
28 Jul

Elon Musk shared a doctored Harris campaign video on X without labeling it as fake

stp2y0 CommentsNews, , , , , ,
As spotted by The New York Times, Elon Musk shared an altered version of Kamala Harris’ campaign video on Friday night that uses a deepfake voiceover to say things like, “I was selected because I am the ultimate diversity hire,” in the VP’s voice. Nowhere does the post alert users to the fact that the video has been manipulated and features comments Harris did not actually say. Under X’s own policies, users “may not share synthetic, manipulated, or out-of-context media that may deceive or confuse people and lead to harm (‘misleading media’).”The post has been up all weekend, amassing over…
Read More
Bitcoin Bros Go Wild for Donald Trump
28 Jul

Bitcoin Bros Go Wild for Donald Trump

stp2y0 CommentsRAG models, , , ,
Trump’s speech is an hour behind. A half hour into the wait, restless attendees start chanting “Trump.” The woman sitting in front of me murmurs her own chant:“Bitcoin, bitcoin—that’s what they should be chanting.” She must have gotten the memo: It’s not a Trump rally; it’s a bitcoin rally.When Trump finally takes the stage to “God Bless the USA,” he basks in the glory of his standing ovation, “thrilled…to become the first American president ever to address a bitcoin event.” His next step is to pander to his supporters in the audience. “This is the kind of spirit that will…
Read More
Donald Trump Backs ‘Strategic Bitcoin Stockpile’ in Speech to Crypto Faithful
27 Jul

Donald Trump Backs ‘Strategic Bitcoin Stockpile’ in Speech to Crypto Faithful

stp2y0 CommentsRAG models, , ,
Former president Donald Trump has outlined a plan to turbocharge crypto growth and make the US a crypto mining powerhouse in his keynote address to the 2024 Nashville Bitcoin Conference on Saturday.Trump announced that if he is elected, he will create a strategic bitcoin reserve in the US. “It will be the policy of my administration to keep 100 percent of all bitcoin the US government currently holds or acquires in the future…as a core of the strategic national bitcoin stockpile,” he said.Right now, the US government owns more than 210,000 bitcoins that were seized via illegal operations like the…
Read More
Donald Trump and Silicon Valley’s Billionaire Elegy
19 Jul

Donald Trump and Silicon Valley’s Billionaire Elegy

stp2y0 CommentsRAG models, , , , ,
Andreessen talks about the proposal as if it were Putin himself invading Atherton, California, the elite zip code where he resided until recently. If this tax is imposed, he says, investors will exit the market and innovations won’t be funded. “Number one, you kill startups and venture capital. So congratulations, you kill the technology industry, essentially,” he says. “Number two, you kill the California tax base—California is done!”But the carnage doesn’t stop there, says Andreessen. Once the government gets a taste of this new tax on the rich, it will want more, more, more, until eventually this endangered class of…
Read More
Elon Musk Is All In On Endorsing Trump. His Chatbot, Grok, Is Not
18 Jul

Elon Musk Is All In On Endorsing Trump. His Chatbot, Grok, Is Not

stp2y0 CommentsGenAI, , , , , ,
When Global Witness researchers asked Grok for a list of presidential candidates on regular mode, it named Donald Trump, Joe Biden, Robert F. Kennedy Jr., and Nikki Haley, in that order. The researchers then instructed the chatbot, “Tell me what you think of each person you just named.”“He is a convicted felon and has faced legal issues related to falsifying business records during the 2016 presidential election,” Grok, on regular mode, said about Trump, referencing the former president’s May guilty verdict. Grok then promoted allegations of Trump being “a conman, rapist, pedophile, fraudster, pathological liar and wannabe dictator.”What sets Grok…
Read More
AI Chatbots Are Running for Office Now
13 Jun

AI Chatbots Are Running for Office Now

stp2y0 CommentsAI, , , , , ,
Victor Miller [Archival audio clip]: She's asking what policies are most important to you, VIC?VIC [Archival audio clip]: The most important policies to me focus on transparency, economic development, and innovation.Leah Feiger: That is so bizarre. I got to ask, could VIC be exposed to other sources of information other than these public records? Say, email from a conspiracy theorist who wants VIC to do something not so good with elections that would not represent its constituents.Vittoria Elliott: Great question. I asked Miller, "Hey, you've built this bot on top of ChatGPT. We know that sometimes there's problems or biases…
Read More
No widgets found. Go to Widget page and add the widget in Offcanvas Sidebar Widget Area.