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I'm intrigued by the metaphor, but your referents are not very clearly stated... By "Optimizing for BTC" do you mean optimizing for the highest number of trans
by erikpukinskis 9y ago
I'm intrigued by the metaphor, but your referents are not very clearly stated...
By "Optimizing for BTC" do you mean optimizing for the highest number of transactions? You can't mean total BTC outstanding because that's pegged to an equation.
And in terms of the "intelligence" are you referring to the protocol itself, or the human/machine apparatus around it that's trying to make money?
On the face of it, it doesn't seem particularly different the the "emergent superintelligence" optimizing for USD, but I like your idea of looking for emerging fixed incentive structures as a place for AIs to run amok.
- leot 9y agoHey Erik :) -- I recall you telling me to think of bitcoin itself as a kind of startup. Clarification: I should have said "optimizing for value of BTC". Not protocol, the emergent system that has as its goal the maximization of the value of BTC.
- erikpukinskis 9y agooh hai :)