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Create value for others and don’t worry about the returns

geohot.github.io

441–450 of 496 posts

Re: Create value for others and don’t worry about the returns

#441
I think the idea is that in the future, everyone will need a philosophy degree to go along with whatever business they will work in. It’s no longer going to be about “I know this skill, tell me what you want me to do,” but will be about “I know how we can solve these problems with this skill.”

If that stops being the limiting factor, then we’ll be in a post-scarcity world.

Re: Create value for others and don’t worry about the returns

#442
This post absolutely reeks with the privilege of wealth. For the vast majority of people on this earth, the "Returns" from their labor matter a lot more to them than some vaunted, abstract ideals, as those ideals won't put food on the table or a roof over their children's heads.

The bottom line is that the majority of people alive today have to take whatever deal they are given in a sense, as they absolutely do not have the "Luxury" of not "Playing zero sum games."

Must be nice to be rich enough to get to spout philosophical BS and not worry how you're going to pay for groceries, but most people alive these days are a lot closer to being homeless than they are to being millionaires, and quitting a job that pays their bills so they can "Provide value to a community" and not worry about how they are going to get paid just isn't even a remotely viable option.

Re: Create value for others and don’t worry about the returns

#443
post #88

Earlier quoted context omitted.

https://geohot.github.io/blog/jekyll/update/2026/02/27/the-i... from the same author

Which of course ignores the obvious point that UBI is all about taking existing resource redistribution and making it less costly and more efficient. Practically all Western countries redistribute income on a massive scale (compared to the default outcomes of a completely free market capitalism) in order to ensure everyone can provide for their basic needs, and that could all be gradually replaced by UBI. This is bro…

Capitalism rewards those who CAPTURE the most value, not those who create it. Capitalism at its core is a system of expropriating the value of labor by those with capital who themselves create absolutely nothing.

Re: Create value for others and don’t worry about the returns

#444
Literally everyone working for a wage is creating more value for others than they consume. The problem is the rent seekers are capturing that value. This is a crucial part geohot is missing. What people often don't think about and they should is that when you are employed for a wage by someone, you are the creditor and the employer is the debtor. Why? Because you work for say 2 weeks, and THEN they pay you. That whole time working you are crediting the employer and they are in debt to YOU. Think about how crazy this is. You the creditor must do what your debtor tells you. Maybe we don't think about it because it's too painful.

Re: Create value for others and don’t worry about the returns

#445

This is a trap for engineers. If you don't worry about the returns, you won't get any. There are circumstances where that is fine. Be sure you're in one of them first.

> If you don't worry about the returns, you won't get any. He was focusing on value, not returns. That being said, his take is still a dumb take - if you focus on creating value you may not capture any of that value for yourself. If you don't capture that value, someone else certainly will. The age of creating value for the public good is well and truly over - any value you create for the public good in the form of i…

Well yeah, business has literally always extracted value from open source software, that’s one of the main benefits of it… (although license violations have been unprecedented with AI)

“Creating value” in open source has never been about capturing value at all, it’s always been about volunteering and giving back, and recognising the unfathomable amount of open-source software that runs the modern world we live in

“Capturing value” is the opposite of this, wall-gardens, proprietary API’s, vendor lock-in, closed-source code… it’s almost antithetical to the idea of open source

Re: Create value for others and don’t worry about the returns

#446

Can anyone explain the rent seeker paragraph? Which companies are playing 0 sum game and which are not? Are all big players not rent seekers?

Building tools and services to reduce hassle and friction for others is great. However, what often happens is that you end up creating and building a moat around that hassle. Think about how companies like TurboTax lobby the government to not build electronic tax filing stuff. Cory Doctorow explains the dynamics well in Enshittification. First they turn against their users, then their business partners, then their em…

Indeed! He specifically cites Yanis Varoufakiss, dubbing this technofeudalism. If I may quote Doctorow a bit:

>Varoufakis defines capitalism as a system designed to preference profit over rent.

[snip]

>The feudal era wasn't defined by the absence of profits--rather, what made feudalism "feudal" was the triumph of rent over profits. When the interest of rentiers conflicted with the aspirations of capitalists, the rentiers won. Likewise, the defining characteristic of the capitalist era was not the abolition of rents, but rather the triumph of profits. When capitalism's philosopher-theorists lionized "free markets," they didn't mean "markets that were free from regulation," they meant "markets that were free from rents."

[snip]

>This is Varoufakiss technofeudalism exemplified. It's an economic system in which the majority of value is being captured by people who own stuff, at the expense of people who do stuff.... The fight between technofeudalism and technocapitalism is a fight over whether the landlord or the café owner takes the value that's created by the barista.

Re: Create value for others and don’t worry about the returns

#447

Earlier quoted context omitted.

That still seems super naive, at least if its extended to software engineering. Companies already treat software engineers like disposable cogs to be burnt out and discarded. I don't see how AI will improve that.

I think if you’re legitimately providing value to the company, you aren’t disposable. If you are but still get canned, then you’re just dealing with irrational management, and that predates AI.

Companies shutdown profitable divisions/products because they aren't profitable enough. 'Providing value' is determined at a whim and by metrics out of your control.

Re: Create value for others and don’t worry about the returns

#448
post #61

Earlier quoted context omitted.

Not necessarily UBI; one just needs an adequate day job. Then the hobby could be creating value with no expectation of any direct return: writing a blog, writing and giving away music, writing open-source software, doing any volunteer work, etc.

There's something more than just an adequate day job (which is perhaps necessary in more ways than just "get the money get the cheddar") - because we can find pages and pages of examples of "well paid" (doctor, lawyer, tech) people who are drowning in debt, living paycheck to paycheck, and perpetually unhappy .

Drowning in debt means the job is inadequate :-\

Paycheck to paycheck is sort of fine, if you can still dedicate the time to your WoW clan, or your music, or your writing, and be happy about that. Well, to your kids, not expecting anything tangible in return.

If the day job expends all motivation, all your energy, and it + the commute eats all your time, then again it's an inadequate job.

Re: Create value for others and don’t worry about the returns

#449

As is often the case, the title is a bit misleading and implies a universality that I don’t think the author intended. He is specifically talking about AI, and saying (in my understanding) that you shouldn’t worry too much about whether your specific thing will be overwritten by AI, as long as you focus on actually creating true, real value with your work. I agree with that completely and can see it happening in my o…

That still seems super naive, at least if its extended to software engineering. Companies already treat software engineers like disposable cogs to be burnt out and discarded. I don't see how AI will improve that.

AI isn't an adequate replacement for experienced software engineers, that is true.

But employers think it is, and are falling for the hype and are affecting engineers left and right regardless.

Whether I'm wrong or they're wrong is immaterial.

They're still replacing SWEs with AI.

Re: Create value for others and don’t worry about the returns

#450

As is often the case, the title is a bit misleading and implies a universality that I don’t think the author intended. He is specifically talking about AI, and saying (in my understanding) that you shouldn’t worry too much about whether your specific thing will be overwritten by AI, as long as you focus on actually creating true, real value with your work. I agree with that completely and can see it happening in my o…

Try being a translator today. You can provide as much value as you want, you won't get a job anymore.

That's just factually untrue though. And there are high profile examples I would expect any well read person to know.

And we're at the point where you have to essentially choose the factually wrong point of view so there's no worth in even listing the counter examples.

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