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As my Reinforcment Learning professor said: "It's all about incentives, people" This is the kind of idea that begs me to reconsider crypto as a possible real-w
by marviel 4y ago
As my Reinforcment Learning professor said: "It's all about incentives, people"
This is the kind of idea that begs me to reconsider crypto as a possible real-world-problem-solving-tool. But I've yet to see an example of crypto working in a way that feels like it'll take off for anything other than (1) another form of "stock" at best, or (2) a grift at worst. I suppose we're in the market for another solution.
To use a Machine Learning analogy, there's the "Credit Assignment Problem." which is basically the same thing: https://www.lesswrong.com/posts/Ajcq9xWi2fmgn8RBJ/the-credit-assignment-problem https://www.lesswrong.com/posts/Ajcq9xWi2fmgn8RBJ/the-credit...
- fleddr 4y agoI think the fundamental issue in the digital world is that you compete with the entire damn world. When I open a bakery, competition is limited to just a few miles of space. Provided I provide a decent product, I can exist. This idea allows for millions of independent bakeries to exist around the world, which is awesome. It provides great diversity in products, genuine creativity, cultural differentiation, meaningful local employment. When you need to compete with the entire world, it's a different game altogether. Everything you do digitally can fairly easily be replicated at low cost. This creates an unstoppable force of centralization fueled by capital but also consumer preference: they rather have one service that has it all. So even if you found a way to pay for data use (via crypto or not) all power will continue to flow to a dominant party.