100 years of whatever this will be
apenwarr.ca
100 years of whatever this will be
1–10 of 924 posts
Re: 100 years of whatever this will be
#2I think most sensible people had figured this out already. The people that don't and honestly believe everything will be fixed by a DAO or whatever... they're beyond reason.
Re: 100 years of whatever this will be
#3I think most sensible people had figured this out already. The people that don't and honestly believe everything will be fixed by a DAO or whatever... they're beyond reason.
I think that eventually, anything that can be run by a DAO will be run by a DAO, just like with automation, any process that can be automated will, eventually, be automated.
Re: 100 years of whatever this will be
#4I strongly believe that money itself has been corrupted lately, this then causes all number of bad flow on effects to happen. A massive shift happened when central banks started getting involved in direct purchases of various asset types and we started to see a major distortion happen in monetary policy that which has distorted the functioning of money itself. For example who would care if their business is completely unprofitable if it could get access to freshly printed money every quarter to prop it up. What then happens to all the other businesses who don't get access to that freshly created money? When we have situations like the BoJ owning more than 60% of the Nikkei 225 we really ought to be asking some serious questions about if we really have free markets? We also should be asking some questions about the properties we desire in money itself. If a central monetary agency can go about unconventional monetary policy such as purchasing equities we can quickly have a situation whereby an unelected group of bureaucrats can damages the ability of money to be used as a means to convey information. Further there's questions about picking winners and losers that comes up there too. As a whole I think people need to ask what money is again and have some serious conversations about what money and the monetary system should be. It seems that these difficult questions really fell out of favor a while ago and as a result things have been drifting in a direction that many people aren't comfortable with.
If we don't ask these questions then technological approaches to money, like various cryptocurrencies and other financial technologies are unlikely to actually cause long lasting improvements. We have some serious monetary policy problems in the world right now and while some tech could help (in some cases) these aren't primarily technological problems.
Re: 100 years of whatever this will be
#5> Everyone seems to have an increasingly horrifically misguided idea of how distributed systems work.
> There is of course the most obvious horrifically misguided recently-popular "decentralized" system, whose name shall not be spoken in this essay. Instead let's back up to something older and better understood: markets. The fundamental mechanism of the capitalist model.
This article would benefit from being more specific. Take on that un-named "decentralized" system directly rather than side-swiping it as is done here. It's a cop-out.
It looks like the author is thinking while writing, which is fine. But that alone is not going to change people's minds. I'd look forward to an article where the author, after having gotten thoughts in order, comes back to write an article talking about something specific.
Re: 100 years of whatever this will be
#6Maybe there is already a better alternative that is enjoying meteoric success along many dimensions. Maybe that alternative already dominates the supply of physical goods and supply chains. Or maybe not.
Re: 100 years of whatever this will be
#7The first step in solving a problem is realizing there actually is a problem. If you think about it, humanity really is getting better and better over time. That thought really doesn't help much when you are fighting with a big bank about $261 in random fees, though.
Re: 100 years of whatever this will be
#8I strongly believe that money itself has been corrupted lately, this then causes all number of bad flow on effects to happen. A massive shift happened when central banks started getting involved in direct purchases of various asset types and we started to see a major distortion happen in monetary policy that which has distorted the functioning of money itself. For example who would care if their business is completel…
I think the article would argue you're making the mistake it criticizes: you're ignoring the role of regulation.
> If a central monetary agency can go about unconventional monetary policy such as purchasing equities...
If that's a problem, prohibit it.
Re: 100 years of whatever this will be
#9Maybe there is already a better alternative that is enjoying meteoric success along many dimensions. Maybe that alternative already dominates the supply of physical goods and supply chains. Or maybe not.
What are you actually saying? You seem to be gesturing at something, but it's not clear what that thing is.
Re: 100 years of whatever this will be
#10> Everyone seems to have an increasingly horrifically misguided idea of how distributed systems work. > There is of course the most obvious horrifically misguided recently-popular "decentralized" system, whose name shall not be spoken in this essay. Instead let's back up to something older and better understood: markets. The fundamental mechanism of the capitalist model. This article would benefit from being more spe…
He critiques decentralized systems taken as an independant solution in general, based on their working principle, not a specific decentralized system.