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100 years of whatever this will be

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Re: 100 years of whatever this will be

#41

Post by timerol »

WJW wrote: post #19
sorethescore wrote: post #3

Earlier quoted context omitted.

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.

So far this does not seem to be true though. There are a great many processes which we could have automated but have so far not done yet, often in domains where safety is very critical and/or are very human-involved. One particular example is the automation of train and aircraft piloting, where humans are required by law and due to public demand but not actually necessary for the job. In particular I'm thinking about…

It's worthwhile to note that there are currently driverless metro lines in the world. We do seem to be moving in that direction for automation. https://en.wikipedia.org/wiki/List_of_automated_train_system... As always, the future is already here - it's just not evenly distributed.

Re: 100 years of whatever this will be

#42

Post by api »

dash2 wrote: post #33
api wrote: post #16

Earlier quoted context omitted.

They're trying really hard to solve a problem that hasn't been solved yet, which requires placing oneself beyond the "reason" of skeptics. https://www.lockhaven.edu/~dsimanek/neverwrk.htm Their solutions may not and perhaps probably will not work because it's a hard problem. The payoff for solving this problem is civilization without single points of failure. No more wheel of rising and falling empires that take all…

I'm really sorry, bud, but I count you as one of my "beyond reason" group. Sure, your technical solution will bring in utopia!

There will never be a utopia because when you eliminate one set of problems you reveal new ones. The fact that we are even discussing this is because we are not dying of cholera, starving, or being eaten by lions. The goal is to advance one step at a time.

Eliminating civilizational SPOFs would be a fairly large step.

Re: 100 years of whatever this will be

#43

Post by sam0x17 »

JanisL wrote: post #27
GavinMcG wrote: post #8

Earlier quoted context omitted.

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.

I'm not sure why you'd take from this that I'm ignoring the role of regulation when I'm commenting on a situation whereby the regulatory framework of central banks allows them to take actions that damage the signaling power of pricing. I most definitely think that banks and central banks must be carefully regulated because they have the special privilege of creating money and with this comes a lot of responsibility.…

In simpler terms, for any complaint you come up with, here's a regulation to fix it. Problem solved.

If the problem is a regulation, let's remove or modify that regulation. Problem solved.

If your problem is there are too many regulations, let's get rid of 20 of them and simplify down to just this one. Problem solved.

Oh, that simplification created its own problems? Let's create new regulations covering those three scenarios. Problem solved.

But if we are much slower at creating regulations than we are at creating new situations that require regulation, it creates the perception that regulations don't work, which leads to rapid de-regulation of everything. Our current legal and political framework simply wasn't designed for this. It was designed for 13 small colonies writing paper letters back and forth, where waiting 3 months for a court to make a decision or 1+ years for congress to pass a bill was considered quite timely and fine. We now live in a society where there is probably a need for 2-3 new regulations per day, and 1-2 adjustments to existing regulations, per day, and an AI chat bot that will tell you whether something is legal based on current regulations.

Re: 100 years of whatever this will be

#44

Post by nomdep »

Clubber wrote: post #23
indymike wrote: post #7

The 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.

>If you think about it, humanity really is getting better and better over time. That is such a vague statement it is essentially meaningless. Better how? How is it not better? What do you mean by humanity? How is your life better? How is it worse?

On average, middle class and below lives longer and more confortable than in the previous thousands of years.

Re: 100 years of whatever this will be

#45

Post by Invictus0 »

List of general malaises:

> Rich, powerful, greedy people and corporations just get richer, more powerful, and more greedy.

> The most reasonable daycare and public transit in the Bay Area is available only with your Big Tech Employee ID card.

Seriously? These problems are not remotely in the same ballpark.

I don't even know what is the point of this article. A handwavey call for better regulation of "Western society, economics, capitalism, finance, government, the tech sector, the cloud". Oh, and free daycare too. Gee thanks doc, I'll get right on it.

Re: 100 years of whatever this will be

#46

Post by JanisL »

sam0x17 wrote: post #22
JanisL wrote: post #4

I 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…

You're merely documenting how current regulations are inefficient at catching current abuses. With proper regulations, these kind of abuses could be mostly prevented. With anti-regulation sentiment permeating government and politics right now, this becomes much, much more difficult. People will use the failure of antiquated regulations that need to be updated as justification for removing or kneecapping them, because…

I'm trying to encourage a discussion about what money itself should be. I think without this discussion it will be very hard to make effective regulations around money and the implications this has on the operations of the banking system. Once people are more informed about these topics better regulation will be possible. Frankly I don't see people talk about the fundamentals of money much, the current monetary system is convenient enough for most people such that they don't have to think about the details of how it works in their day to day lives.

Re: 100 years of whatever this will be

#47

Post by lm28469 »

Clubber wrote: post #23
indymike wrote: post #7

The 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.

>If you think about it, humanity really is getting better and better over time. That is such a vague statement it is essentially meaningless. Better how? How is it not better? What do you mean by humanity? How is your life better? How is it worse?

When people say that on HN I read it as: "as a young, healthy and well paid tech worker living in _tech hub of a western country_ life is really good and getting better". We have it really easy indeed, but you can't project that on "humanity"

Re: 100 years of whatever this will be

#48

Post by dougmwne »

GavinMcG wrote: post #9
dougmwne wrote: post #6

Maybe 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.

China. Though I am no fan of the system, the trend line is clear. This author lumped their system in with central control and dismissed them in the service of making their point. I suggest they are not some outlier to be excluded from the dataset.

Re: 100 years of whatever this will be

#49

Post by notpachet »

All of the current histrionics that we hear from DeFi advocates regarding escaping the evil centralized Banks and Regulators and what not -- you know what they remind me of? They remind me of what I hear from junior developers when they're tasked with fixing an antiquated, broken software system. These developers typically lack the experience and the patience necessary to fix the system incrementally from within, so they usually propose a hard fork, or a rewrite in , or some other such shiny greenfield solution that promises eternal escape from the problems of the past.

It's strange to me that a lot of pragmatically-minded developers I know would point to the immediate problems with that kind of approach, but are nevertheless quick to embrace the equivalent approach when faced with society-scaled problems.

And I do think that there are equal parts incompetence and laziness at play. I myself am often tempted by the siren song of burning a legacy codebase to the ground and starting from scratch. I'm lazy and I know that it's going to suck to roll up my sleeves and do what's necessary. But I also know, from having done that enough times, that this impulse is often an abdication of my responsibility to actually fix what needs fixing instead of playing with new toys.

Re: 100 years of whatever this will be

#50

Post by renewiltord »

Bro, literally none of this stuff is inherent in the system. You can still make a Beowulf cluster. You can still network a bunch of Raspberry Pis. Computing has never been more accessible.

Writing software has never been more accessible.

But consumer standards have risen. The geeks are out there and will happily work from your source code if that’s all you want to share.

The old life is still available. It’s just that back then that was all that was available.

It turns out there are a whole bunch of superstar product designers out there. And now that the software nuts and bolts are easy, those guys are beating (in the market) all the guys whose skill was nuts and bolts.

That’s natural. It what comes from accessibility. That is good because the whole world is lifted by the fact that some fool can build a business on Zapier and Airtable.

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