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Happy
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Happy retweetledi
@romlib_ Crypto is a legit and indeed inevitable technology. Usually such things are net positive.
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@Woodywudpeck @Therichardralph If that’s the case then it’s largely fine imo though probably unnecessary and maybe sets a precident for further changes
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@happysubstack @Therichardralph I would imagine it will be administered by the brokers holding the Isa..they will pay the interest after reducing the levy just like brokers do got any withholding tax from US .can't see us having to do anything tbh
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Call me mad.
But I think Rachel reeves plan to tax cash held in S&S ISA is a good idea.
The benefit to the UK of the S&S ISA is that money flows into business pushing up the value of the UK economy.
Especially if as expected the majority of risk adverse Brits will go for FTSE ETFs.
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Happy retweetledi
would you rather be a billionaire in a world without modern medicine, transport, supply chains, technology, or middle class in a world with them
money isn’t value, value is what you can do [with money/ identity/ information/ time etc]
we coordinate on top of these pillars around value in a way that creates itself, answering every question in-action
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what problem do you most hope AI will solve in the future?
maybe we can help!
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Happy retweetledi
a conservative target for zec is to reach ~3-5% of btc, as bitcoin holders rebalance a bit into zec as a hedge.
an aggressive target is 15-20%. thats where silver is relative to gold.
the moonshot target is the flippening, in the unlikely event that something catastrophic happens to btc (eg saylor, quantum).
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The sad thing about this idea is that capital gains is one of the few ways an individual can experience upward economic mobility.
Disincentivising risk taking in a country that’s biggest issue is its aversion to risk is so depressing.
Steven Swinford@Steven_Swinford
Wes Streeting has this morning set out his tax plans - specifically bringing capital gains tax into line with income tax He says that the current system is unfair because it penalises work Higher or additional rate taxpayers will pay 24% on gains in the current financial year. Streeting said that the rates should mirror income tax bands - so 40% for higher rate taxpayers and 45% for additional rate taxpayers He says that the approach could raise £12billion a year Streeting said: “A member of my family is a cleaner in Lancashire. She pays a higher tax rate on her salary than her landlord pays for the growing value of the home she lives in. She slogs her guts out, he puts in far less effort, yet the state rewards him more than her. And we wonder why people are angry. “The system is penalising work. It’s not fair and it’s bad for our economy. We need a wealth tax that works. A pound made from simply owning assets should not be taxed less than a pound made from a hard day's work. We can do it in a way that is pro-growth, pro-entrepreneur and pro-work.”
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i think you’re missing my point.
the thing itself isn’t bad (i.e giving your records to AI for example) it’s the fact that the reality of the thing is bad today I’m pointing out (i.e you’re asked to trust someone w that sensitive information that has all the incentive itw not to do right by that information + there’s incentive for hackers as well and as these tools themselves improve, that becomes a problem).
and on your last line, i do agree. but that’s also besides the point.
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I guess if you’re relatively young and healthy it’s probs easy to think AI will not be that transformative.
But if you have experience dealing with healthcare at any level it’s hard to express in words how truly transformative and life changing this tech will become.
Those protesting data centres imo will not be looked on kindly in the long arc of history.
Happy@happysubstack
I asked Claude to build me a Google forms health tracker that feeds into a Google sheet housing my medical history. Within 30 days it correctly diagnosed an eye issue I have that was missed by two opticians and I’d written off as chronic fatigue. AI is literal magic.
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I don’t see why that’s a bad thing when the level of output you get is at least as good as most medical institutions today and will almost certainly far surpass it in the coming years.
I also trust anthropic to be less likely to get hacked than a local government database housing the same information
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@happysubstack the slope is that it normalizes giving away things like these before there are guardrails (in the tech itself) to ensure zero compromise on these things.
basically it’s still too trustful for us realize it’s full potential today.
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@0xSuper_X Depends on what you need it for, for me with health issues it’s 100% worth it if it can help me feel better
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You don’t need to, but it performs better with full context.
E.G. for me doctors have always said fatigue is part of another condition I have but when it looked at my actual daily symptoms it was able to diagnose at a way more granular level.
Not really possible with current healthcare unless you spend hours talking to a doctor which is either impossible with public healthcare or prohibitively expensive privately
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@happysubstack you need to give it access to your whole medical history?
or it diagnosed based on the health tracker
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I asked Claude to build me a Google forms health tracker that feeds into a Google sheet housing my medical history.
Within 30 days it correctly diagnosed an eye issue I have that was missed by two opticians and I’d written off as chronic fatigue.
AI is literal magic.
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@happysubstack the tech is great, but it’s a slippery slope rn esp in the context you’re mentioning and i think that’s what’s led to friction ig.
if we can have guardrails for the tech to work without being in a slippery slope then it’ll be the best thing ever - and i do think we get there.
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