Its not so clear to me that the entire moduli stack of fornal groups is the correct thing to consider. The smashing localization in spectra are i bijection the moduli stacks of formal groups of bounded height. The only way to get the entire moduli space is by having MU which is a weird miracle and not really well.motivated from a purely categorical perspective. For example theres this gap between being MU-local and being Harmonic.
Also its not clear to me what chromatic homotopy theory has to say about dissonant spectra (if at all). Perhaps the best hope is to get the category of harmonic spectra as the global sections of some sheaf of categories over M_fg i don't know. Just sharing a bit my thoughts about this.
Also there's the point at infinity in M_fg which corresponds to HF_p which behaves very differently than morava K-theories (corresponding to the points of finite height). For example HF_p-local spectra is a pretty mysterious category as far as I know.
"smashing localizations are in bijection..." this sentence assumes the telescopic conjecture ^^
@SaalHardali The telescope conjecture and dissonant spectra are just "echoes" of the non-noetherianness of the sphere spectrum. This is a well-understood subject in classical algebraic geometry, nothing mysterious
Precisely, for any ring R thick ⊗-ideals of Perf_R are in bijections with subsets of Spec R closed under specialization. To extend this to D(R)=Ind(Perf_R) you need some Noetherianness assumptions.
Similarly, the thick subcategory theorem just says that thick ⊗-ideals of Sp^{\omega} are in bijection with the subsets of (the underlying space of) M_{fg} closed under specialization. That's why we think that the "underlying space" of $\mathrm{Spec}\mathbb{S}$ should be M_{fg}, at least in some form
The telescope conjecture is trying to understand how this relates to thick ⊗-ideals in Ind(Sp^\omega)=Sp, but of course this behaviour can, in general, be wild even for classical rings
@DenisNardin I get what you're saying. Still I think in some sense a more hopeful thing to consider is $\mathcal{M}_fg^{\le n}$ for fixed $n$ and maybe $\mathcal{M}_fg$ should only be considered as an ind topos or something of the sort. Anyway my thoughts on this are really not that valuable anyways. I just find this topic very interesting so I can't resist to express my opinion.
If I don't misunderstand something, in On the (co)homology of commutative rings, Quillen related Hochschild cohomology to a kind of cohomology theory on a category, which is related to the tangent $\infty$-category formalism. I wonder whether we have a dual of this, namely relating HH to something about the tangent $\infty$-category of an $\infty$-category?
@FrankScience Doesn't Quillen's approach work for both homology and cohomology?
It does in the commutative case
Searching google I found a paper of Buchewitz from 2006 introducing the HH analogue of the cotangent complex, which he calls the "Derived Hochschild Complex" of a morphism
I don't know whether we already have results to relate Hochschild homology (or its topological variants) to deformations of an algebra of certain type.
To me it is a bit mysterious why Hochschild cohomology should be related to deformations. I don't think there's any reason to expect Hochschild homology to have any deformation iterpretation
Another question seemingly loosely related: do we have genuine geometric intuition when we talk about "free loop space" of, say, $\operatorname{Spec}(R)$ in DAG (this is another description of HH for commutative rings).
@DenisNardin Could you please make it somewhat precise about the equivalence? I can see the similarity. For example, we work with the infty-category of simplicial commutative rings.
Well, Lurie defines the cotangent complex as the adjoint of the forgetful functor $Sp(sRing_{/A})→sRing_{/A}$. Quillen does pretty much the same thing with a Quillen adjunction between the derived category of A-modules and algebras over A.
It now seems clearer that Quillen identifies the simplicial "derived" version of Der(A,M) with HH(A,M) for a simplicial noncommutative ring A and a bi-module M.
Hochschild cohomology HH^*(A,M), I meant
Seemingly this is how HH^* related to deformations.
@DenisNardin I just reread Quillen's proof. From his computation, it seems to me that the cohomology he defined is a shift of cofiber of HH^•(A,M) to A, in general. I cannot relate his LAb(B) to Hochschild homology.