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Joined 3 years ago
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Cake day: June 30th, 2023

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  • I looked up some stuff about Argentina’s financial crisis since you mentioned it before, and it looks like they actually did something a bit like what I’m talking about, directly appropriating the valuable assets they could in an effort to keep being able to function:

    In addition to the corralito, the Ministry of Economy dictated the pesificación; all bank accounts denominated in dollars would be converted to pesos at an official rate. Deposits would be converted at 1.40 ARS per dollar and debt was converted on 1 to 1 basis.[69]

    There’s some indication that this also applied to financial products:

    As noted above, a number of U.S. investors have filed ICSID arbitration claims against the government of Argentina. Most of these investors consider the January 2002 pesification of dollar-denominated contracts, and/or the ex post facto prohibition on contracts linked to foreign inflation indices, to be an effective expropriation of their investments

    I can’t specifically confirm this included gold held on paper, but I think it probably would have.

    As for the plausibility of this sort of thing happening in the US, in addition to the actions of Roosevelt mentioned by @diablexical@sh.itjust.works, the main trigger for Nixon abandoning the gold convertibility of US dollars was France attempting to physically withdraw the gold they had stored in US banks, which they didn’t want to allow.






  • I don’t hate this article, but I’d rather have read a blog post grounded in the author’s personal experience engaging with a personalized AI assistant. She clearly has her own opinions about how they should work, but instead of being about that there’s this attempt to make it sound like there’s a lot of objective certainty to it that falls flat because of failing to draw a strong connection.

    Like this part:

    Research in cognitive and developmental psychology shows that stepping outside one’s comfort zone is essential for growth, resilience, and adaptation. Yet, infinite-memory LLM systems, much like personalization algorithms, are engineered explicitly for comfort. They wrap users in a cocoon of sameness by continuously repeating familiar conversational patterns, reinforcing existing user preferences and biases, and avoiding content or ideas that might challenge or discomfort the user.

    While this engineered comfort may boost short-term satisfaction, its long-term effects are troubling. It replaces the discomfort necessary for cognitive growth with repetitive familiarity, effectively transforming your cognitive gym into a lazy river. Rather than stretching cognitive and emotional capacities, infinite-memory systems risk stagnating them, creating a psychological landscape devoid of intellectual curiosity and resilience.

    So, how do we break free from this? If the risks of infinite memory are clear, the path forward must be just as intentional.

    Some hard evidence that stepping out of your comfort zone is good, but not really any that preventing stepping out of their comfort zone is in practice the effect that “infinite memory” features of personal AI assistants has on people, just rhetorical speculation.

    Which is a shame because how that affects people is pretty interesting to me. The idea of using a LLM with these features always freaked me out a bit and I quit using ChatGPT before they were implemented, but I want to know how it’s going for the people that didn’t, and who use it for stuff like the given example of picking a restaurant to eat at.