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Fake Books

lcamtuf.substack.com

251–260 of 371 posts

Re: Fake Books

#251

Any chance that it's at least partially non-english speakers using bad translator/thesaurus app output?

No. The wording and grammar is fine; the problem is that the ideas being expressed with those words are nonsense.

Re: Fake Books

#252
It's crazy to think that the internet may have already peaked, at least in certain ways. 5 years ago I could Google anything and was confident (maybe more than I should have been) of getting close to the best answer, whether looking for a product recommendation or just general knowledge. That confidence has seriously eroded the past couple years.

That said, I'm optimistic that we can keep finding solutions to new problems. Maybe it wouldn't be so bad to make purchasing decisions closer to the way we used to, by asking our friends what they recommend. That's essentially how appending " reddit" to a google search works today, but even that is vulnerable to manipulation.

I'm hoping that social media of the future builds in better tools for polling our network for recommendations, and for incentivizing us to respond to our friends' queries.

Re: Fake Books

#253
post #223

One of the things that has kept me out of the cryptocurrency space is that when their advocates discuss value, they speak in pure nonsense. A big part of that problem is that value is very difficult to discuss. On the one hand you have the classic goldbug that insists that gold has "intrinsic value", which is some sort of platonic ideal thing that gold simply ambiently has and defies any attempt to nail down what it…

> Value ... grounds out in human desires

You wouldn't believe how rare it is for me to meet someone who agrees with this. I'm in leadership at a web3 company and I need to reiterate this point over and over again. NFTs don't have intrinsic value OR arbitrary value. ERC20s don't have intrinsic value OR arbitrary value. If it doesn't tie back into user psychology, it's not worth anything.

Interesting historical note is that one of Freud's original metaphors for understanding the nature of desire was the unconscious "investor" or "capitalist" who outlays affective charge to the conscious "entrepreneur", who relates to objects. This is known in the literature as Freud's "economic metaphor", which I've found immensely helpful in my own understanding.

Re: Fake Books

#254
post #46

Earlier quoted context omitted.

> Except what the Mikkelson Twins actually make money on is selling you on a “money making course” where they tell you to do the above. So there’s all kinds of people trying to follow this method out there, it seems. How do people still become wealthy selling "money making courses", when enough people have created "money making courses" that they are, themselves, a commodity?

What gets me is; if this was a money making opportunity, and it truly is as simple as they make it out to be, aren’t they literally creating their own competitors in this space by revealing their secret? I’m sure the argument is something like “the market is so vast, that helping others do the same won’t affect my income stream”, but that suggests The correct answer is to scale up, not populate the landscape with com…

As far as I understood from the video, the Mikkelsen Twins did get rich from that money making scheme, until Audible basically found out and started trying to stop them (most of the books they "published" are not in the page anymore). They milked the cow dry then they made a money making course and created a new way to get money

And now with the competition basically no one who bought their course can actually make money

Re: Fake Books

#255
post #223

One of the things that has kept me out of the cryptocurrency space is that when their advocates discuss value, they speak in pure nonsense. A big part of that problem is that value is very difficult to discuss. On the one hand you have the classic goldbug that insists that gold has "intrinsic value", which is some sort of platonic ideal thing that gold simply ambiently has and defies any attempt to nail down what it…

> Value ... grounds out in human desires You wouldn't believe how rare it is for me to meet someone who agrees with this. I'm in leadership at a web3 company and I need to reiterate this point over and over again. NFTs don't have intrinsic value OR arbitrary value. ERC20s don't have intrinsic value OR arbitrary value. If it doesn't tie back into user psychology, it's not worth anything. Interesting historical note is…

>You wouldn't believe how rare it is for me to meet someone who agrees with this. I'm in leadership at a web3 company and I need to reiterate this point over and over again. NFTs don't have intrinsic value OR arbitrary value. ERC20s don't have intrinsic value OR arbitrary value. If it doesn't tie back into user psychology, it's not worth anything.

I came to a similar conclusion: The sole criterion for the viability of a currency is acceptance in trade.

This simple truism explains every currency that "works" and every one that didn't all at once.

It can be a terrible currency, but if it's generally accepted in trade, too bad. Governments can mandate it, but that won't always save it. Just look at Zimbabwe dollars. They were official. And all but worthless. USD is accepted worldwide, even though its based on less than even a shitcoin, and 90% of it doesn't physically exist according to the Fed themselves.

Re: Fake Books

#256

I would like to mention the concept of "Soulbound Tokens" as a way of attacking this problem. This is the subject of a paper this year by Vitalik Buterin (founder of Ethereum), E. Glen Weyl (economist/researcher at Microsoft Research) and Puja Ohlhaver. Here's the abstract: """ Web3 today centers around expressing transferable, financialized assets, rather than encoding social relationships of trust. Yet many core ec…

I honestly can’t tell if this abstract is also GPT-3 generated.

I honestly can’t tell the same about the comment itself either…

Re: Fake Books

#257

It's crazy to think that the internet may have already peaked, at least in certain ways. 5 years ago I could Google anything and was confident (maybe more than I should have been) of getting close to the best answer, whether looking for a product recommendation or just general knowledge. That confidence has seriously eroded the past couple years. That said, I'm optimistic that we can keep finding solutions to new pro…

I'm hoping that eventually we'll get around the idea of a crowd-sourced search engine (mostly manually curated) maintained in the manner of Wikipedia, backed by a solid user reputation system to dissuade spammers.

This will import Wikipedia's serious flaws. But I'm hopefully that they can gradually be mitigated.

Re: Fake Books

#258
post #250
post #223

One of the things that has kept me out of the cryptocurrency space is that when their advocates discuss value, they speak in pure nonsense. A big part of that problem is that value is very difficult to discuss. On the one hand you have the classic goldbug that insists that gold has "intrinsic value", which is some sort of platonic ideal thing that gold simply ambiently has and defies any attempt to nail down what it…

While I fully agree with your point, the next time I see some collective delusion of a pyramid scheme I’ll buy in early. It doesn’t matter that there’s no logic to it, as long as enough people share the same delusion it becomes self-propagating.

This is what makes marks so unremarkable.

Re: Fake Books

#260
post #81

It's virtual evolution at work, i.e. spam evolution. It's the Internet Gold Rush (i.e. "make money fast" at work), which we have watched getting "more professional" in the last ten to twenty years. And because those companies which supply resources (ebook platforms, search engines, but also hardware for crypto mining like graphics cards etc) to those "virtual miners" profit from what's going on, we won't see that fix…

> "energy crisis" and the upcoming winter, Why do you put that in quotes? > I've seen videos advertising magical electric heaters, which will "recycle" 85% of the energy used for heating and thus will save you lots of money. It's simple physics that warm air coming out at the front of such a device will be sucked in at its back again, but there's nothing to "recycle" here, to somehow save energy. You sure they couldn…

> Why do you put that in quotes?

Because the "energy crisis" is actually a political crisis, i.e. the failure of governments to build enough alternate generators, like solar and wind power during the last decade or two.

> You sure they couldn't be talking about a heat pump [...]

I'm really sure, because the videos show people unpacking a small electrical heater after telling you that "a student" or "an engineer" developed this glorious device in their spare time, ... And last but not least because we built our house with a heat pump and heat exchanging ventilation[*] more than a decade ago, so I'm aware of the concepts.

[*] https://en.wikipedia.org/wiki/Plate_heat_exchanger

Edit: complete a sentence.

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