Daily review 25/06/2026

2 comments on “Daily review 25/06/2026 ”

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1. Dennis Frank 1

   25 June 2026 at 7:08 pm

   Coupla decades back it was peak oil. Now doomsters have a new rush, and a bandwagon to leap aboard. Luddites are crawling out of the woodwork left, right & center. The 4 horsemen of the apocalyse are now riding in the minds of all those paranoid about AI. https://aeon.co/essays/literature-fans-should-welcome-ai-as-a-fellow-wordsmith

   those tending toward doom have seen ChatGPT, Claude, Gemini and Grok as the four riders of the apocalypse… People in the arts and culture have felt particularly threatened by AI because the technology seems to be coming for the things they cherish the most: the creative use of images, words, and ideas. The latter two, words and ideas, have been in the centre of the storm because generative AI is based on language and because ideas are closely associated with the words in which they are expressed. In response, writers have largely opted for resistance… When I taught a class on AI and creativity in Seoul last summer, with students from across Asia as well as Latin America, they had a single concern: please teach us how to use these tools effectively. The only person calling for creative resistance was an American student who had strayed into the class.

   Doomsters get around, yet yielding to the devil seems defeatist. People are more likely to proactively explore usage to seek utility value.

   we teach students how to create AI agents that act as sparring partners, forcing them to sharpen their thinking by reacting to counter-argument and counter-evidence. AI can also be used as a research assistant and to play with different structures. Finally, since the course needs to be scalable, we constructed agents trained to give precise feedback on first drafts, and acting as aids for planning the revision process. Since creating this course, this is how I have used AI myself. I have created various custom assistants that know my projects and whom I have instructed to stress-test my ideas and arguments. Of course, this does not replace reading and speaking to humans, but it has evolved into a critical practice that I have built into my thinking and writing process.

   Since the author is a prof at Harvard, he's worth taking seriously. Word-smith upskilling tool is how he uses AI. A classic labour-saving strategy inasmuch as it takes a lot of cerebral process load off the mind of the user. Logos gets a rev-up!

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2. Dennis Frank 2

   25 June 2026 at 7:55 pm

   A new kind of money again: https://theconversation.com/what-exactly-is-a-stablecoin-nzs-regulator-has-finally-provided-an-answer-285353

   While designed to behave like money, stablecoins are typically issued by private entities and operate within digital networks that do not fit neatly into existing financial rules. In recent months, major jurisdictions have begun establishing formal rules for them. The United States passed its first federal stablecoin framework last year, while Europe is moving to bring stablecoins under dedicated crypto-asset regulations this year.

   New Zealand, too, has recently taken a step towards greater certainty. Rather than introducing a new regulatory framework, it has clarified where one stablecoin sits under existing financial law through a recent ruling by its Financial Markets Authority (FMA). Market-wide implications may prove significant… Businesses increasingly use stablecoins to pay overseas suppliers and move funds across borders, while major payment providers have begun incorporating them into their networks… The FMA’s answer is that NZDD should be viewed primarily as a payment tool rather than an investment product… issuers and users still sit in a grey area between the FMA and the Reserve Bank.

   The grey area is a traditional refuge for folks who abhor a black & white reality, so I don't blame financial innovators for being this clever. Middleman is a trad surefire get rich quick scheme traceable to the origin of trading in prehistory.

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