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

geohot.github.io

451–460 of 496 posts

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

#451

Earlier quoted context omitted.

The problem isn’t whether or not companies need us— it’s about how many of us they need (demand), and how many of us there are (supply), because that determines our value. Companies pay people what they’ll work for, not based on how much they contribute to the bottom line; in economics, paying more than you have to for anything, including labor, is the irrational path. A steady, high demand for software developers ha…

Software is already fantastically profitable. Productive SaaS companies right now collect ~500k in revenue per employee. If what you describe happens (33% cut to salaries) then the bar for your own startup to be worth it is suddenly lower. If large companies don’t pay us good salaries then why would we not go and build better competitors without the legacy and dead weight?

[deleted]

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

#452
post #275

Earlier quoted context omitted.

They didn't. The point is that they stop you from giving covid to other people.

It's a distinction without a difference. Masks served to reduce the herd from spreading covid. Including other people giving it to you.

The distinction does matter, because by not wearing a mask, instead of indicating that you don't care about your own safety, you're indicating that you don't care about anybody else's.

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

#453

Earlier quoted context omitted.

But then you can end up with a lot of people making what's fun to produce but we have an excess of (waste) and few people filling in to make what's missing (scarcity). Markets aren't perfect but they do help us solve that particular problem.

The topical reply is that those positions aren't paying enough. However, if we have to pay e.g. miners millions to compete with a high UBI, we trigger a massive wage-price spiral. Since extracted raw materials are the bedrock of the entire supply chain, those costs cascade and multiply, eventually making the finished goods unaffordable for the very people receiving the UBI. In reality, markets don't solve the scarcit…

> Since extracted raw materials are the bedrock of the entire supply chain

Extracted raw material is incredibly cheap. Human industry and ingenuity are the real scarce resource, and UBI leverages these to an unprecedented extent. Debt and exploitation are an anti-pattern, even for a capitalist economy; they're deeply antithetical to true industry and creativity.

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

#454

Earlier quoted context omitted.

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.

Capital allocation is a serious job with very real consequences. The decision of how many AI datacenters should be built, to take an an unusually topical example, is one of capital allocation. Central planning is not a viable solution, it has failed everywhere it's been tried.

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

#455
post #316

The world very much is a Red Queen Race if your country has a program to import Indian tech workers. The only way to leave the Red Queen race in such countries is to abandon your career field and work in food service or retail instead.

Why not become a skilled craftsman and make a much better wage than in food service or retail? Every western country I've ever been in seems to have everlasting shortages of skilled plumbers, electricians and welders and prices have risen to match.

How does that work when you're over 50?

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

#456
post #49

Earlier quoted context omitted.

Wait what's a new laptop doing to push the needle exactly? Genuinely curious

In general, it's kind of the difference between having a sharp axe vs a dull axe. Though in the particular case of the MacBook Neo, I'm not sure whether we're talking about sharper or duller. Depends on the metric you're using, I guess.

It doesn't cut a cake nearly as well as the old Macbook Air so obviously duller.

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

#457

This reads as a typical anti hype article that attracts the people that are fed up with reality. But this framework never works because it's detached from current reality. AI is a big thing and it will eat most jobs weather you call it stupid or you like it.

OK, and that reads like hype, and so we have hype and anti-hype. I suppose when they collide they combine in a energy-sucking implosion.

The hype Is backed by hard data in ai capabilities. The antihype is backed by human emotional fear.

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

#458

Earlier quoted context omitted.

what's anti-masker?

Some people thought that surgical masks wouldn’t stop you from getting Covid

It was more nuanced than that and importantly, "Anti-masker" as a derogatory statement was about "This person is literally unwilling to do anything at all that doesn't pay off for them personally" because a goddamn mask is such a simple thing to do, and they just couldn't handle it, because it was someone else telling them to do something and some people just cannot function when that happens.

People lost their damn minds because "Hey could you maybe take a single small step to ensure you don't sneeze on produce" was protest worthy.

I do not believe someone saying "Masks made out of T-Shirts don't work well" or "Surgical masks aren't as effective as real N95 masks" are an "Anti-masker".

It was about vice-signalling. All the people who get pissy about masks do plenty of things for their "health" that have zero science behind them.

These people often did other things like hiding or downplaying any symptoms, and choosing to go to events while sick, and were often basically superspreaders.

This was all well understood like 25 years ago when WoW did that blood plague thing and people put effort into spreading it as much as possible. We've seen this with other diseases including ones that have no real controversy or political angle. Some people are just that insistent about doing everything they can to make the world a worse place.

It just sucks so much.

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

#459

Earlier quoted context omitted.

I might be misremembering, but I think the WHO claimed this at some point? It was obvious nonsense, and did not comfort me as I watched an avoidable catastrophe become, day by day, an unavoidable one; politicians caring more about pacifying the populace with platitudes than about taking measures to render SARS-CoV-2 extinct in the wild – measures which would have been several orders of magnitude cheaper than the exte…

There was an extremely brief period where public health advice discouraged the general population from masking. This was because there was a huge undersupply for medical workers and because we hadn't fully figured out whether covid aerosolized mere weeks into the pandemic. Once we had a bit more information in a rapidly evolving situation public health advice switched to recommending masks and stayed that way for yea…

There was indeed a huge undersupply for medical workers. The appropriate response from public health officials should've been something like "surgical masks help protect others, and right now, we need to protect hospital patients", not "we want to keep masks available in hospitals where they're needed, because they're important, so let's tell people they're not important to make sure they're available". This is the kind of plan that would be used as an example of Adults Are Useless in a children's novel (ref: https://tvtropes.org/pmwiki/pmwiki.php/Main/AdultsAreUseless): it was never going to not backfire. (Does it even count as backfiring if you point the gun at your foot, and lean down to watch it go bang?) Institutional dysfunction can produce decisions that no individual would ever author, but there's a reason the Evil Overlord List has #12:

> One of my advisors will be an average five-year-old child. Any flaws in my plan that he is able to spot will be corrected before implementation.

And… it's SARS-CoV-2. Of course it aerosolises. The "we hadn't fully figured out" was sheer incompetence (see doi:10.1080/02786826.2024.2387985); just like the "we aren't sure whether it's reached our jurisdiction yet, so be vigilant", "oh lots people are showing symptoms", "actually turns out it reached us 3 weeks ago and is now endemic, haha oops" pattern we saw playing out in country after country, region after region, while open source intelligence collated on LessWrong obviously showed what the governments apparently could not see until tens of days too late. "Paranoid" early lockdowns could've lasted two weeks, allowed us to identify who was affected, and then allowed us to give them top-of-the-line isolated care while they recovered, and while the rest of the region got back to doing an economy. Instead, COVID-19 is still claiming new victims today.

Australia managed it, and everyone could've copied that, but they didn't. China could have managed it right at the start, and saved the world, if their accountability culture hadn't favoured a cover-up. (Their belated attempts to pursue a zero-COVID strategy were not particularly effective once it was a global pandemic and multiple strains were circulating, because it turns out you can't persuade people into not being ill; and sealing residential buildings is neither necessary nor sufficient contact tracing / isolation.) Zero-COVID would've been feasible as a global strategy, even starting as late as February 2020, if not for all the politicised bullshit. (No, "don't kill your neighbours by giving them a novel respiratory virus while all the hospitals are full" isn't authoritarianism. Sensible precautions are not setting a bad precedent, because it's a conditional precedent: if we were to wipe out the disease, there would no longer be a reason for those measures. In fact, the cryptographers figured out how to do privacy-preserving contact tracing, and shipped the protocol very quickly, so that the best available system was inherently anti-authoritarian.)

While I wouldn't use the phrase "dumb idiots", public health officials are, largely, responsible for long-term policy decisions, not rapid response. (If a response to a seasonal respiratory disease fails, you've usually got 8 months to put together a better one.) They had had little practice making the snap decisions, and they almost invariably made bad ones when it mattered. Replacing soap with diluted alcohol gel at handwashing stations, for example, is stupidity. Soapy water is one of the most effective anti-coronavirus measures disinfectants there is. A roughly 70% alcohol solution is a close second. (There are viruses that are not denatured by soap, for which alcohol is a much better disinfectant: I can only imagine that people got confused.) 30% alcohol solution is basically useless. Alcohol gel is useful because it's portable, but it's not as good for removing SARS-CoV-2 as washing your hands with soap and water.

So many resources were used (and entire supply chains were established!) ensuring that every surface is wiped, even though it's a respiratory disease and surfaces were not a major transmission vector; but very few resources were employed to ensure sufficient ventilation which, again, respiratory disease. It does not take a genius to make the link between "it infects your air holes" and "we should ventilate or filter the air". (Yes, I witnessed many people closing windows using the disinfectant cloth as a glove, to avoid touching the handle, right before filling the room with occupants.)

We were not prepared for the pandemic that happened, and I will condemn that, because are we going to do any better next time? Have we put measures in place to ensure that accurate information about the disease, including appropriate disease-specific hygiene measures, are rapidly disseminated? Have we ensured that international authorities and the populaces will calmly overreact, because overreaction is cheap and allows each patient to receive specialist treatment and maybe lets us wipe out the disease entirely? From where I'm standing, the WHO is weaker than ever, we've traumatised a generation to the point they'll resist any attempt to impose another lockdown (even though acting early means it might only last a few weeks, or even a few days!), and we've gained a political playbook for profiting from pandemic denialism.

A once-in-a-century pandemic should be expected to happen once in a century. Allocate a hundred people around the world whose jobs it is to know how to deal with that, and then listen to them if the rare event shows up. It's not conceptually difficult. That this is difficult for us in practice is damning.

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

#460

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.

The demand for authorised translators (approved in country X to correctly translate into country X’s native language from a particular language) has been steadily growing with globalisation and international trade. Contracts, court documents, financial records, medical records, birth and death certificates, technical reports: all of these must be translated and stamped by someone with the authority to do so, someone the government has confirmed to be competent.

The professional guilds are sounding the alarms, because there aren’t enough translators qualifying.

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