…experts were asked for their probabilities that we would get AI that was “able to accomplish every task better and more cheaply than human workers”. The experts thought on average there [ … ]
Broke: ‘two types of people…’ Woke: ‘two types of bots…’
Broke: ‘the world is full of two types of people…’ Woke: ‘the world is full of two types of bots…’ Hardware bots: drones, industrial machinery, robots Software bots: artificial intelligence, [ … ]
Bitcoin was not the big bang. A brief history of what came before…
Bitcoin was not the big bang, something came before. In the early 1980s privacy advocates were already devising digital bearer instruments. David Chaum, a cryptographer, devised a means of payment [ … ]
Bitcoin. World’s first autonomous & self-sustaining pyramid scheme
Bitcoin is the world’s first autonomous and self-sustaining pyramid scheme=(twfaassps) There are two types of assets in this world. Type A assets can only provide a return to their current holder [ … ]
Come the robots. Subsidizing the destruction of capital
As robots begin to cherry-pick the jobs of high-cost human workers, those robot employers profits will soar. Then what? The initial boost phase of profits gushing from automation is short-lived; as the [ … ]
Is the future of money also the past?
Most of the world’s money is currently in the form of deposits created by banks. After the 2008 credit crisis, banking was revisioned into two camps Pure centralization: Have the [ … ]
Bitcoin in the boiler room
Can worthless things circulate and be accepted in trade? If so, how? And can this state of affairs continue indefinitely? The origin story of bitcoin is an expression of an [ … ]
Electric Dreams. A NO BS review #ElectricDreams
I tweetstormed this review after TV binging.. Electric Dreams. A NO BS review 1/8 I like sci fi. Movie pick? hm, Mr. Nobody. I watched 5 epis of #ElectricDreams I [ … ]
Bitcoin. Bubble or something else?
Bitcoin is the elephant, we are the blind men gathered around it, each feeling a different part and none in agreement with ‘what it is’. So far, this is what [ … ]
Markets are the scientific method of doing things
Imagine, for a moment, that you are a scientist with an idea. Go on, just a little supposition. What is it that you do in order to test whether your [ … ]