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“Play-to-Earn” and Bullshit Jobs

paulbutler.org

401–410 of 700 posts

Re: “Play-to-Earn” and Bullshit Jobs

#401
post #283

The thing I really like about this article is that, at least in my mind, it really helped me clarify what I think of as "Bullshit Jobs". It's not so much "do you consider your job useless", but it's more along the lines of "Is your job set up to fulfill tasks that were, generally, arbitrarily designed by some gatekeeper?" A great example of this is tax departments at large companies that look for tax avoidance strate…

> "Is your job set up to fulfill tasks that were, generally, arbitrarily designed by some gatekeeper?" But isn’t this basically every job that doesn’t directly support a human need (like food, clothing, shelter)? Just arbitrarily working to meet some other human’s desires?

I don't know of any arbitrary tasks set up by gatekeepers. I mean, people don't just sit around and think up stupid tasks for fun. These jobs usually arise something like this:

In order to process request X, we need pieces of information A, B, C, D. Users frequently send in incomplete information. So we have to hire someone to check that all the required information is provided and accurate.

Yeah, it's kind of bullshit because it wouldn't be needed if people just did the right thing, but people are people, and they don't. In some cases it can be replaced with a web form with proper validation, but sometimes the information is something you can't verify with Javascript (like checking for a valid driver's license or something), so you need a human. So it goes.

Re: “Play-to-Earn” and Bullshit Jobs

#402

Some random thoughts - bullshit jobs is a term for jobs that have not yet been automated. Jeff Bezos pays a Uber driver to turn a steering wheel until the robot can, and he pays a Amazon Project Manager to make graphs until the Perl Script can. - such jobs don't exist because the "elite" are scared of proletariat, they exist because organisations are badly designed hurriedly put together and really hard to dismantle.…

> bullshit jobs is a term for jobs that have not yet been automated

Bullshit jobs are jobs that do not produce value

Re: “Play-to-Earn” and Bullshit Jobs

#403

Earlier quoted context omitted.

> Is there a there there without an underlying token that's gone up XX% in the last N months and everyone hopes will still go up XX% in the next N months? Alternatively, even simpler: where is the money coming from ? A bunch of people playing a game are a closed system, and no value is created by playing the game. If the only reason why players are earning money from this game is because more people are continually b…

Money doesn't have to come from anywhere. Sometimes new value is created and the money is brand new. This is how GDP grows. In the case of BTC, it's pretty clear that a huge portion of the market cap didn't come from anywhere. It's new capital. That doesn't mean it can't go to 0 and vanish overnight. But it does mean that play to earn games don't always need money coming in to pay out.

Fiat is created by banks - by originating loans. A bank does not actually need to have that money to create the loan - it is not transferred from somewhere else, it is just that the bank's balance sheet expands. There are rules on how much a bank is allowed to create, as you might imagine.

The BTC system does not create money - you can follow the creation of a coin system to its eventual destruction and discover that exactly the same amount of fiat went into it as came out (less mining). In fact, at any moment in time, the same also holds! If you buy $100 of BTC, somebody somewhere has just sold $100 BTC. No money is ever created or destroyed. Of course (if you were a lunatic), you could get a loan to buy BTC, and so money would be created, but by the banking system, not BTC, and it would go straight to whoever you bought BTC from.

As soon as people decide they don't want to put money in, then no money can come out. You will know this because the 'price' of BTC will be zero.

Re: “Play-to-Earn” and Bullshit Jobs

#405
This play to earn title is a particularly annoying dig at the recently blown up phrase where users can play to earn Blockchain tokens in nft based games which has actually enabled young men in the Philippines to quit their jobs as taxi drivers and involved them in an ecosystem which otherwise has exacerbated inequalities and trampled on the rights of humans in their country as historically corrupt government has minimsed the earning potential of the working class not and left the upper class eternally skeptical of their own government.

To make a dig like this and then not even acknowledge it in the content is exactly what I would expect from a white American who has no concept of how certain trends impact anyone other than themselves.

Re: “Play-to-Earn” and Bullshit Jobs

#406
post #250

Here's patio11's thread: https://twitter.com/patio11/status/1459682519360491523 I was shocked to see A16z recently investing $150M in Axie Infinity and doubling down on their justification of play-to-earn as a coherent concept, as if it's not fundamentally a pyramid scheme. It's lowered my expectation of what passes for thought leadership in our industry.

Play-to-earn would be a coherent concept if the playing produced something of value.

HN is play-to-earn. Except all you earn is worthless non-exchangeable karma.

Re: “Play-to-Earn” and Bullshit Jobs

#407

Some random thoughts - bullshit jobs is a term for jobs that have not yet been automated. Jeff Bezos pays a Uber driver to turn a steering wheel until the robot can, and he pays a Amazon Project Manager to make graphs until the Perl Script can. - such jobs don't exist because the "elite" are scared of proletariat, they exist because organisations are badly designed hurriedly put together and really hard to dismantle.…

Your assumptions about the term "bullshit jobs", as mentioned in the article, are completely wrong.

You should read about Graeber's work, it's interesting https://en.m.wikipedia.org/wiki/Bullshit_Jobs

Re: “Play-to-Earn” and Bullshit Jobs

#408

This play to earn title is a particularly annoying dig at the recently blown up phrase where users can play to earn Blockchain tokens in nft based games which has actually enabled young men in the Philippines to quit their jobs as taxi drivers and involved them in an ecosystem which otherwise has exacerbated inequalities and trampled on the rights of humans in their country as historically corrupt government has mini…

The article's point was to say that these grind games are not actually adding economic value, because it required existing wealth to come into the system to pay out the grind (and the company sucks out some transaction fees).

The game itself may possibly be fun for those that pay (instead of grind), but that's hard to judge.

Re: “Play-to-Earn” and Bullshit Jobs

#409

Earlier quoted context omitted.

> This is what people don't seem to understand about BitCoin. It is cashflow negative, Money has to keep coming in Pretty sure a sizable portion of Bitcoin holders understand and know that. They don't hold Bitcoin as a form of bespoke investment to be exchanged for money at some point in the future. They hold it because they believe it is sound and incorruptible money . And as long as they (not any additional people!…

Is this Peter Pan? If you just believe in the power of BTC it will never go down in value?

that's a strawman of the parent comment's argument. and yes, if enough people believe something, it takes on real significance. e.g. enough people believe in the full faith and credit of the US Gov that backs their printed paper with numbers on it, so it takes on real significance.

Re: “Play-to-Earn” and Bullshit Jobs

#410
post #393

Earlier quoted context omitted.

Thought leadership smeadership. A16z's goal is to make money, lots of it. Shouldn't confuse its purpose by giving it other goals.

Yes but even an amoral organization could be expected to anticipate damage to their reputation when they're seen to be propping up a sufficiently transparent pyramid scheme, and decide not to cross that line. I'm still not sure they made the right move for their long-term interests, considering there's more reputational damage to come when the pyramid implodes. (They probably won't take financial damage though, as th…

you mistakenly assume that A16z has the requirement to maintain a reputation in the same way you personally would.

Their reputation doesn't come from being moral. It comes from being able to make lots of money, and if this allows them to make lots of money, their reputation (as a VC) would only grow.

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