4 ms·

"Future technologies must be designed according to methods that take human value and experience seriously enough to be constrained by their limits - such as san

"Future technologies must be designed according to methods that take human value and experience seriously enough to be constrained by their limits - such as sanity, dignity, and justice." This would require an incentive for long-term systems thinking and cooperation. Turning a profit at the expense of human sanity, dignity and justice is far easier, which is the definition of success today. It's hard to make money without unintentionally causing harm, intentionally doing it however makes it easier. Unless there is an effective oversight, but there rarely is, especially for new markets. Like Y Combinator here, and many other venture capitalists turning a profit on cryptocurrency scams. They are doing harm, but they can't say no to opportunities, that would just create more incentives for their competitors to say yes. Inflicting a few of the thousand cuts routinely inflicted on society is the government's problem anyway. To be fair it can be trully hard to avoid harm, or even figure out what's the harm, if any. Our world is rather big and complex. I'm just saying that there is a selection for not even trying to, because someone else just wouldn't, and it's a competitive advantage not to.

unity1001 4y ago
> Like Y Combinator here, and many other venture capitalists turning a profit on cryptocurrency scams Thats precisely how the current Internet was funded, developed and evolved. There are a similar, even higher amount of scams and failed attempts in the Internet's earlier history when compared to crypto. The progress will be the same - out of dozens of scams and hundreds of failed crypto attempts, one startup will invent one use case that the public gets on board, and that will set the standard.
- Comevius 4y ago
  The internet is like building a city, obviously such a thing creates a potential for harm, but if you design it correctly it will be much more. It's something that can support an entire economy. Crypto has no such potential, it couldn't support a restaurant. It can only support speculative financial products, mainly pumping and dumping. Blockchain technologies can eliminate the double spending problem trustlessly and tolerate a large amount of faulty or malicious nodes by making the voting power depend on the computation effort, but such a heavy-handed approach is not needed for most services. They either don't have a double spending problem (if they only have invariant confluent transactions they don't require consensus at all) or they only have a small amount of nodes. Blockchain technologies ultimately can only give you confidence in their immutability, though the blockchain can be forked away from any point, which is what happened to Ethereum. Money buys you voting power and let's you sway the stewards of the network, which is fundamentally inequal and unfair. https://ethereumclassic.org/why-classic https://ethereumclassic.org/why-classic The point is that I don't want this to be the future, this technology is fundamentally inefficient and unfair.

unity1001 4y ago

> Like Y Combinator here, and many other venture capitalists turning a profit on cryptocurrency scams Thats precisely how the current Internet was funded, developed and evolved. There are a similar, even higher amount of scams and failed attempts in the Internet's earlier history when compared to crypto. The progress will be the same - out of dozens of scams and hundreds of failed crypto attempts, one startup will invent one use case that the public gets on board, and that will set the standard.

Comevius 4y ago
The internet is like building a city, obviously such a thing creates a potential for harm, but if you design it correctly it will be much more. It's something that can support an entire economy. Crypto has no such potential, it couldn't support a restaurant. It can only support speculative financial products, mainly pumping and dumping. Blockchain technologies can eliminate the double spending problem trustlessly and tolerate a large amount of faulty or malicious nodes by making the voting power depend on the computation effort, but such a heavy-handed approach is not needed for most services. They either don't have a double spending problem (if they only have invariant confluent transactions they don't require consensus at all) or they only have a small amount of nodes. Blockchain technologies ultimately can only give you confidence in their immutability, though the blockchain can be forked away from any point, which is what happened to Ethereum. Money buys you voting power and let's you sway the stewards of the network, which is fundamentally inequal and unfair. https://ethereumclassic.org/why-classic https://ethereumclassic.org/why-classic The point is that I don't want this to be the future, this technology is fundamentally inefficient and unfair.