Jean-Paul Thorbjornsen, an Australian man in his mid-30s, with a rural Catholic upbringing, is a founder of THORChain, a blockchain through which users can swap one cryptocurrency for another and earn fees from making those swaps.
THORChain is permissionless, so anyone can use it without getting prior approval from a centralized authority. As a decentralized network, the blockchain is built and run by operators located across the globe. During its early days, Thorbjornsen himself hid behind the pseudonym “leena” and used an AI-generated female image as his avatar. But around March 2024, he revealed his true identity as the mind behind the blockchain. More or less.
If there is a central question around THORChain, it is this: Exactly who is responsible for its operations? It matters because in January last year, its users lost more than $200 million worth of their cryptocurrency in US dollars after THORChain transactions and accounts were frozen by a singular admin override, which users believed was not supposed to be possible given the decentralized structure.
Thorbjornsen insists THORChain is helping realize bitcoin’s original purpose of enabling anyone to transact freely outside the reach of purportedly corrupt governments. Yet the network’s problems suggest that an alternative financial system might not be much better. Read the full story.
—Jessica Klein
The robots who predict the future
To be human is, fundamentally, to be a forecaster. Occasionally a pretty good one. Trying to see the future, whether through the lens of past experience or the logic of cause and effect, has helped us hunt, avoid being hunted, plant crops, forge social bonds, and in general survive in a world that does not prioritize our survival.
Today, we are awash in a sea of predictions so vast and unrelenting that most of us barely even register them. People’s desire for reliable forecasting is understandable. Still, nobody signed up for an omnipresent, algorithmic oracle mediating every aspect of their life. A trio of new books tries to make sense of our future-focused world—how we got here, and what this change means. Each has its own prescriptions for navigating this new reality, but they all agree on one thing: Predictions are ultimately about power and control. Read the full story.
—Bryan Gardiner
