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Out of all blockchain/AI hype bs, best thing is engineers getting rich
by ozgrakkurt 1y ago
Out of all blockchain/AI hype bs, best thing is engineers getting rich
- ttul 1y agoAnd, down the road, after the bust finishes, these rich engineers will seed the next thing. Assuming the world still needs engineers.
- camillomiller 1y agoYeah, all 7 of them
- jstummbillig 1y agoBecause?
- halfmatthalfcat 1y agoBecause.
- rvz 1y agoBecause.
- jstummbillig 1y agoI guess it's obvious why anyone should be delighted to learn or care at all that a random set of engineers are now getting a relatively bigger share of all the money in the world.
- shepherdjerred 1y agoBecause this is a site for engineers Commenters are going to prefer things that benefit engineers even if it’s not themselves
- jstummbillig 1y agoa) That kind of group identity think seems super cringe b) If a particular set of engineers works to put "their people" out of a job, I am even more confused about the sanity of those willfully subscribing to the idea.
- halfmatthalfcat 1y agoSo by extension unions are super cringe?
- scottyah 1y agoah, money is not a fixed resource. It is a made up system to track how much value people/groups are adding to the world. "share of all the money in the world" is a frequently quoted bad mental model, typically from people trying to bring others down
- jstummbillig 1y agoOpenAI, Google, and friends now hand out $10-20 M packages to a few hundred ML specialists worldwide, not because those engineers add more "value units" but because their skill set is brutally scarce. Money is elastic, but relative slices still matter when the pie is made of houses, GPUs, and your grocery bill. Calling "share of all the money" a bad mental model is like saying gravity is a bad mental model because planes fly: True in the abstract, irrelevant when you hit the ground.
- bobsmooth 1y agoBecause at least the people doing the work are getting rich instead of the already wealthy.
- chickenzzzzu 1y agoThe only thing that can be stated as definitely good is that every person receives as much wealth from the profits of their actions in proportion to the amount of legitimate, valuable effort and vision that they contributed. EDIT: ive been rate limited I did realize that as I typed that :) that's why I added that extra bit about "valuable effort" and "vision". "Valuable effort" to me is a good proxy for "if this action wasn't performed, the profits would not have been made". And "vision" is, "you were objectively the person who saw the value of performing some action and stuck to it even when things became tough and other options were available". Taken together, these two constraints do a mostly-perfect job of preventing the gaming of the system as described in your boulder example. Lastly, if me and my teammate/business partner contributed roughly equally, and sales of our product were $10,000,000, then nobody should be offended when the proposed split is $5,000,000 each
- paulcole 1y agoWhy do you want to reward effort? I’ll just push a boulder uphill all day and accomplish nothing and then come with my hand out. Also, in your opinion what is the correct proportion of wealth received to legitimate, valuable effort, and vision contributed? I’d love an answer that is an integer percentage, like “43%.”
- chpatrick 1y agoJust because they're both hyped doesn't mean they're the same. Blockchain has always (largely) been a solution in search of a problem but LLMs are already being used by everyone and their dog right now.
- bix6 1y agoWhile the artists get poorer :/