Arthur Doohan @artied

Great to see Ricardian contracts and #TripleEntryAccounting applied to #AI agent identity. Autonomous agents need more than IDs: legally meaningful obligations, verifiable audit trails, and signed records. Congratulations @CostaSga and Massimiliano Ferrara!

Konstantinos Sgantzos @CostaSga

a month ago

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Your books say you paid. Their books say they received. #TripleEntryAccounting adds a third record — a signed receipt created at the moment of the transaction, shared by both parties, and alterable by neither. Instead of comparing separate records later, both sides point to the same transaction record. That’s the difference. teaconf.org #TEAconf

And for researchers, academics, and builders guided by beauty: @teaconf has opened its call for papers. CVE answered the call by sending in After the Receipt v1.0 for review. The signal is spreading across essays, papers, video, and institutions. teaconf.org

#TripleEntryAccounting doesn't compete with double-entry — it extends it. Double-entry ensures your books balance. Triple entry ensures the records feeding those books are real. teaconf.org #TEAconf

Tamper-proof. Transparent. Fraud-resistant. This is #TripleEntryAccounting at a glance. Read more: teaconf.org/discover/overv…

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Double-entry accounting can tell you whether the books balance, but it cannot tell you whether the invoice, receipt, or agreement feeding those books was real. Enter #TripleEntryAccounting: one shared record, signed by both parties, verifiable after the fact. teaconf.org #TEAconf

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The reconciliation economy is enormous. Every hour spent matching records between trading partners, chasing confirmations, and resolving discrepancies is a cost created by a recordkeeping system that produces two versions of every transaction instead of one. #TripleEntryAccounting changes that by giving both parties the same shared, verifiable record. #TEAconf

Financial records should be a source of truth, not a starting point for investigation. Auditors spend weeks verifying records that should already be verifiable. That is a design problem, not a personnel problem. #TripleEntryAccounting #TEAconf

terrible mistake by X ... losing great content while trying to appear competent...

iang @iang_fc

6 days ago

Alert @X 🚨 @elonmusk your AIs are out of control. X just deleted a completely innocuous, benign, scientifically useful account on accounting & finance: @millenialmike7 Even if you believe censorship is valid, this account had nothing controversial in it! A wealth of

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What makes #TripleEntryAccounting different? It adds a shared, cryptographically signed receipt to double-entry accounting. A small change with big consequences: fewer disputes, less reconciliation, and records both parties can verify.

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@cryptogoos All things considered, it's a serious problem and China is on the right track on this. We wrote a paper on how it is possible to develop an AI-identity framework. Link: x.com/CostaSga/statu…

Konstantinos Sgantzos @CostaSga

a month ago

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Why did so many economists miss the 2008 crisis? Because they were looking for equilibrium in a system that does not behave that way. My work on Minsky’s Financial Instability Hypothesis shows that long periods of apparent stability encourage more lending, more debt, more speculation, and finally a collapse. That is why the Great Moderation was not proof of safety. It was a warning sign. Check out the video below for complete breakdown. #SteveKeen #Macroeconomics #FinancialStability #Debt #Minsky youtube.com/watch?v=oSYPZr…

@AmbJohnBolton Old people doing temper tantrums is cute.

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A farmer dies in April 2026. His son inherits the farm. The farm has been in the family since 1847. The farm consists of: 300 acres of grazing pasture, a farmhouse built in 1892, a barn, a milking parlour, two tractors of varying ages, a Land Rover that runs about 70% of the time, and a herd of 180 Hereford-cross cattle. On paper, the farm is worth approximately £3.2 million. This is because land near him has been bought recently by a London hedge fund looking for carbon credits, which has dragged the comparable value of every field within forty miles upward to a number nobody local can justify. In cash, the farm produces a profit of about £28,000 a year in a good year. In a bad year it loses money. The son also works as a fencing contractor three days a week to keep the operation viable. The inheritance tax bill on a £3.2 million estate, even at the reduced 20% rate, comes to approximately £140,000 after the increased threshold is applied. The son does not have £140,000. The son has never had £140,000. The son has £4,200 in his current account and an overdraft. The son sells 60 acres to a developer to pay the tax. The developer puts solar panels on the 60 acres. The remaining herd cannot be sustained on the reduced land. The herd is sold. The barn becomes a holiday let. A different family eats Brazilian beef this Christmas without knowing why the price went up. The Treasury collects £140,000. The land never produces British food again.

Delighted that lovely Irish tweeter David O'Brien (below) formerly @thepainterflynn and now tweeting from @oddweirdadvice is doing better after a lengthy and stressful hospital stay in Tipperary. The hospital wants to discharge him, but David has nowhere to go. He would prefer to avoid going into a home if possible. Is there anyone who might be able to help? Also, David, who had a huge amount of followers, lost them all when Twitter recently closed his account. Give him a follow at @oddweirdadvice and say hi. You won't regret it - David's former account was one of the most uplifting on Irish Twitter. PS David's story demonstrates that as a country we are failing the elders among us. They have immense wisdom and dignity and deserve more support. Seems crazy that they receive so little when we will (if lucky) all be elderly ourselves some day, with no guarantee that our children, if any, will be even in the same country!

Apple has published a paper with a devastating title: “The Illusion of Thinking” It argues that AI models, no matter how brilliant they may seem, do not understand what they are doing. They do not solve problems. They do not reason. They merely generate text word by word, trying to sound coherent. Apple tested the most advanced reasoning models in the world on controlled puzzle environments. They tore open the internal "thinking" traces. What they found shatters the narrative that we are getting closer to AGI. Current models don't scale with complexity. They have a hard mathematical cliff. And they do not degrade gracefully. They collapse. But here is the most unsettling part. When a problem gets too complex, the AI doesn't use its remaining compute to try harder. It just gives up. Its reasoning effort actually declines. It stops thinking and starts guessing. Then Apple ran the experiment that closes the casket on the reasoning debate. They gave the AI the exact, step-by-step algorithm to solve the puzzle. The cheat codes. All the AI had to do was follow the instructions. It couldn't do it. Performance didn't improve at all. When the complexity gets high enough, these models fail because they cannot actually execute a logical sequence. They are not reasoning. They are just pattern matching. When you give them a simple problem, they overthink. When you give them a hard problem, they collapse. Paper: The Illusion of Thinking, Apple, 2025

@aeberman12 @DwightEichorn One more fact you might not know Art: the statistical work that led to the “Cobb Douglas Production Function” was erroneous. Had they done their regressions correctly, the paper would never have been published. All neoclassical theory is based on fantasy. Not reality.

Researchers proved that your Android phone is sending data to Google every 4.5 minutes. Even when you opt out of EVERYTHING. Researchers at Trinity College Dublin did an exhaustive deep-dive into exactly how much data iOS and Android devices stealthily transmit back to Apple and Google. Both tech giants are running non-stop telemetry pipelines from your device. Even when you are not logged into an account. Even when you explicitly opt out of data collection. Even when the phone is completely untouched. The sheer volume of data being harvested is staggering. Android sends data back to Google every 4.5 minutes. iOS follows right behind, pinging Apple every 4.5 minutes. Within the first 10 minutes of powering on a fresh device, Android sends roughly 1MB of data to Google. iOS sends about 42KB to Apple. When the phones are just sitting there doing nothing, Google harvests around 1MB of data every 12 hours. Apple collects roughly 52KB. Google is collecting 20x more telemetry data than Apple. But what they are collecting is the real problem. The researchers discovered that your phone isn’t just sending generic system diagnostics. It is sending a highly detailed digital fingerprint: - Hardware serial numbers - Device IMEI numbers - Wi-Fi MAC addresses - Your phone number - SIM card details And it gets darker. iOS uploads the WiFi MAC addresses of every device near you. Your roommate's laptop, the café router, your neighbor's home gateway—all tagged with your exact GPS coordinates. If just one person in your building enables location services once, Apple now knows where every single device on that network lives. Forever. The researchers tried to opt out of everything. They turned off location services, restricted background data, and avoided signing into any accounts. It didn't matter. The data transmission never stopped. The escape hatch has been welded shut. Right now, millions of professionals use these devices to handle sensitive business data, proprietary code, and private operations under the assumption that "idle" means "safe." But the data shows there is no such thing as an offline smartphone anymore. --- Paper: Mobile Handset Privacy: Measuring The Data iOS and Android Send to Apple And Google (2021)

30 years of Iran almost about to get a nuke. Gotta be some form of record - @TheEconomist is the only one who comes close, with like 25 years of China about to collapse.

Gareth Porter @GarethPorter

3 months ago

Wonder how long the United States has been accusing Iran of pursuing nuclear weapons? Believe it or not last Saturday was the 30th anniversary of the first such U.S. accusation by CIA Director John M. Deutsch on March 20, 1996, without any real evidence to support it.

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