Anonymity with Finance

“When you combine anonymity with finance -- not the right to speak anonymously, but the right to run an investment fund anonymously -- you’re rolling out the red carpet for serial scammers, who can run a scam, get caught, change names, and run it again, incorporating the lessons they learned.”.........Cory Doctorow (Privacy advocate,2022)

AI spent decades learning. Now it’s maturing and scaling—some say, too fast.

The balance between human and AI should be recalibrated, leaders worry openly about the implications of “bad AI,” faulty facial recognition, biased algorithms, and AI-powered deep fakes. By using software running on blockchains rather than people; You could create services that “cannot be shut down. Not by a court, not by a police force, not by a nation state.” People would be able to set whatever rules they wanted, regardless of what any government prohibited.

Is it a mistake to defend decentralized autonomous organizations (DAOs) on the grounds that code is free speech? 

• The United States does not want China to have advanced AI computing and supercomputing facilities, so it has blocked them from purchasing the best AI chips. 

• It does not want China designing its own AI chips, so it has blocked China from using the best chip design software to design high-end chips.

• It has blocked chip manufacturing facilities worldwide from accepting entity-listed Chinese chip design firms as customers.
• The United States does not want China to have its own advanced chip manufacturing facilities, so it has also blocked them from purchasing the necessary equipment. 

Some code is speech, but not all code is speech. 

This will become even more important as robots become more capable and prevalent. 

The past few years of DAO activity has taught enthusiast a series of painful and expensive lessons on the limits of both computer security and incomplete contracts: Software has bugs, and contracts may do weird things under unanticipated circumstances. These combination results in multimillion-dollar frauds and thefts.

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