Talent is everywhere, opportunity is not • Hacker News Board

Re: Talent is everywhere, opportunity is not

#161

Post by eaenki » Sat, Sep 21, 2019, 3:01 PM UTC

viach wrote: post #156

eaenki wrote: post #9

Imo Education is overvalued, Capital is under appreciated, And, Because Capital is trapped into networks, that Capital is squandered among an infinite array of companies employing the talent and producing products that don’t make you, or the planet, better, healthier, smarter or happier. (Apple’s SJ era, Google until 2014~ and Tesla fit the useful smarter happier paradigma, and not many other) My solution is: take a…

Who will decide what projects to fund? Officials with good networking you mentioned?

It should come down to a measurable function

Re: Talent is everywhere, opportunity is not

#162

Post by briandear » Sat, Sep 21, 2019, 3:02 PM UTC

toyg wrote: post #18

eaenki wrote: post #9

Imo Education is overvalued, Capital is under appreciated, And, Because Capital is trapped into networks, that Capital is squandered among an infinite array of companies employing the talent and producing products that don’t make you, or the planet, better, healthier, smarter or happier. (Apple’s SJ era, Google until 2014~ and Tesla fit the useful smarter happier paradigma, and not many other) My solution is: take a…

Capital is not underappreciated - it is hidden by owners. Because their power and wealth comes from control of a scarce, hidden resource. If everyone had access to capital, nobody would be “on top”, and that’s unacceptable to the owning classes.

Everyone can’t have access to capital. It’s a scarce resource. The study of economics is literally the study of the allocation of resources. If you distributed wealth completely equally across the world. It would take long before the world looks exactly as it does now. Some people make bad decisions and would lose it. Others would have it stolen. Others would be frugal and accumulate, and other would be bold and become extremely rich. Once that happens, do we strip it all away again and start over? Life isn’t a Monopoly game where we get to reset the board each time someone loses.

Re: Talent is everywhere, opportunity is not

#163

Post by eaenki » Sat, Sep 21, 2019, 3:02 PM UTC

__s wrote: post #141

eaenki wrote: post #9

Imo Education is overvalued, Capital is under appreciated, And, Because Capital is trapped into networks, that Capital is squandered among an infinite array of companies employing the talent and producing products that don’t make you, or the planet, better, healthier, smarter or happier. (Apple’s SJ era, Google until 2014~ and Tesla fit the useful smarter happier paradigma, and not many other) My solution is: take a…

Think your solution ends up being a lot more exploitable/costly than basic income

I see no relation between them and at $30B a year, that’s $10/m per American or smth, so... no?

Re: Talent is everywhere, opportunity is not

#164

Post by alchemism » Sat, Sep 21, 2019, 3:03 PM UTC

nscalf wrote: post #49

PostOnce wrote: post #15

Earlier quoted context omitted.

Everything is a hassle. Building permits, operating licenses, legal compliance, etc. All those things arguably exist for good reasons, but it's a huge hurdle to doing anything useful. I can't have a 20 foot radio tower in town, I can't subdivide smaller than 10 acres outside of town, I can't build any facility out there to operate the experimental tower without building permits, radio licenses, compliance with tracki…

On this topic, I felt this while looking into building a healthcare startup. HIPAA seemed like some goosebumps character, don’t say it’s name 3 times or else you’re in violation. Not only are hurdles a pain, they’re not easily understood. Edit: beetle juice, not goosebumps

That is precisely why it is (potentially) lucrative, too. It’s an awfully tall fence.

Re: Talent is everywhere, opportunity is not

#165

Post by eaenki » Sat, Sep 21, 2019, 3:05 PM UTC

davidajackson wrote: post #152

eaenki wrote: post #81

Earlier quoted context omitted.

I once regarded Ethereum as the the only successful project out of it. But is it? Did it create anything meaningfully better? Not really. Anyway, yes. And Peter Thiel’s fellowship is great. It’s just that he doesn’t have $30B a year to spare on that

Decentralized scripting that large numbers of developers know how to use is powerful. Entire parts of the internet could shift to that in the long term. Obviously, it's a long way away... but that's a given. Even if you choose another crypto and say it has a better approach because of x, y and z mining or other infra, you can't argue with the fact that Ethereum has increased the competition in the space.

It’s nice as I said, but it didn’t impact anything, and most likely never will. Even if the whole internet switched to that, there’s no x10 improvement in anything interesting. Unless you think airplanes are as good as owning your data and not having a few big entities owning the major services (which btw, you’d still have, because the oracle problem is basically impossible to efficiently solve).

Re: Talent is everywhere, opportunity is not

#166

Post by briandear » Sat, Sep 21, 2019, 3:05 PM UTC

eaenki wrote: post #84

spurdoman77 wrote: post #72

Earlier quoted context omitted.

I also like the idea of free money from government. There seems to be a lot of like minded people who like free money, maybe we should develop a political party around that?

This isn’t free money for personal use, this is money that you legally have to spend developing that far fetched idea.

And how is that enforced? Are we going to arrest people that choose to spend the money developing some far fetched idea at a cantina in Cabo?

Re: Talent is everywhere, opportunity is not

#167

Post by alchemism » Sat, Sep 21, 2019, 3:06 PM UTC

abakker wrote: post #93

bumby wrote: post #62

Earlier quoted context omitted.

I think I agree but the question seems to be how do we lower the barriers smartly while still keeping the intent of the rules and regulations? Add to it our own bias to put more emphasis on the regulations that concretely prevent us from doing what we want now, rather than those that abstractly benefit us and its easy to point to them being the problem. It's like the "one mans trash is another mans treasure" cliche,…

The real question is: why did we install the protections(barriers) in the first place? I assume that a major component of that was as a reaction to the increasing complexity of modern life. Self sufficiency is fine, but it is difficult to take the consequences for many things knowingly. As such, we created, one at a time, experientially driven barriers designed to protect people from new, novel issues. I don’t think…

For the many regulations in American society, there is usually a dead body buried underneath, possibly many dead bodies, including those of women and children, etc.

For each and every one, someone suffered terribly or died.

Re: Talent is everywhere, opportunity is not

#168

Post by damck » Sat, Sep 21, 2019, 3:06 PM UTC

buboard wrote: post #124

ta1234567890 wrote: post #94

Earlier quoted context omitted.

So what is the solution to corruption? It does seem like it's getting worse, or maybe media coverage about it is getting better. Has any country in the world successfully fought corruption in a peaceful way? (ie. no revolutions, no guillotines)

Most of the west is not corrupt. You have to visit eastern europe, latin america, middle east and east asia to experience it The solution is not throwing more free money in public coffers. It definitively exacerbated corruption in greece for example

Which west? The one that has legal corruption under name of lobbying? Or the west which has internally, without the need of pescy public's say, elected chair of governance?

Re: Talent is everywhere, opportunity is not

#169

Post by eaenki » Sat, Sep 21, 2019, 3:06 PM UTC

paulcole wrote: post #98

eaenki wrote: post #9

Imo Education is overvalued, Capital is under appreciated, And, Because Capital is trapped into networks, that Capital is squandered among an infinite array of companies employing the talent and producing products that don’t make you, or the planet, better, healthier, smarter or happier. (Apple’s SJ era, Google until 2014~ and Tesla fit the useful smarter happier paradigma, and not many other) My solution is: take a…

> My solution is: take a piece of the federal budget and give $1-3MM to anyone with a far fetched idea that has a prototype to back it up So giving millions to people who are already privileged enough to have access to the tools/resources/education to make to a prototype?

You usually can make a prototype of literally anything with less than $10K. Education on the internet is free. And the internet itself is free at any Starbucks.

Re: Talent is everywhere, opportunity is not

#170

Post by eaenki » Sat, Sep 21, 2019, 3:08 PM UTC

BoiledCabbage wrote: post #122

elliekelly wrote: post #71

Earlier quoted context omitted.

A handful of far-fetched ideas have added more economic value to the world than every diploma combined. I’m not sure we could even assign a dollar value to crazy ideas like satellites or the internet because the positive externalities they’ve created are so far-reaching. Crazy ideas a lot harder to evaluate, and a lot riskier, but they’re definitely not less valuable.

> A handful of far-fetched ideas have added more economic value to the world than every diploma combined. If you really believe this, it is shocking to me. It is almost impossible to overstate how incredibly wrong this is. This is probably the single most false yet honestly put forward statement I've read on HN. The fact that anyone believes this shows both how much a slice of society lives in a complete echo-chamber…

I’m equally shocked by the fact that people value so much fictional piece of papers that are mostly borderline scams. I would exclude from that list only a handful of unis such as oxbridge, mit, Harvard and Stanford