3 ms·

Indeed, this is a very hard problem that needs to be solved. I just learned of JAK bank, IMHO it's a step in the right direction. Constantly accelerating syst

Indeed, this is a very hard problem that needs to be solved. I just learned of JAK bank, IMHO it's a step in the right direction. Constantly accelerating systems are not natural or sustainable. Hopefully we can find solutions to money, banking and investing that are sustainable and productive without being predatory to parasitic towards most of humanity.

chad_oliver 13y ago
> Constantly accelerating systems are not natural or sustainable You know, all of technology is one giant constantly accelerating system.
- Killah911 13y ago
  I don't know about that. Sure the perception is that "technology" is constantly accelerating. But if you look at it a more finite, measurable sense, for eg. Steam Engine/Steam Propulsion technology (I picked an arbitrary one, based on my assumptions, so apologies if this technology is "accelerating"), can be said to have decelerated. In this sense, the constant "acceleration", IMHO is more of a perception thing. However, companies setting higher and higher sales forecast no matter what, is the type of acceleration that is quantifiable and not quite sustainable indefinitely. There are limits. You can keep profiting till you've got a monopoly on EVERYTHING... and then you just make all the minions work harder, or make people produce more babies so there are more consumer? That type of acceleration is unsustainable and quite frankly, absurd.
  - lesterbuck 13y ago
    Consider software. No matter what new tools and amazing techniques to reduce and control complexity, everyone is still operating at or beyond the limits of the human mind to manage that complexity. That pretty much defines the state of the art in any technical field. I'm sure that applies in finance, too. And whoever invents more effective tools to manage complexity will be richly rewarded, on average.

chad_oliver 13y ago

> Constantly accelerating systems are not natural or sustainable You know, all of technology is one giant constantly accelerating system.

Killah911 13y ago
I don't know about that. Sure the perception is that "technology" is constantly accelerating. But if you look at it a more finite, measurable sense, for eg. Steam Engine/Steam Propulsion technology (I picked an arbitrary one, based on my assumptions, so apologies if this technology is "accelerating"), can be said to have decelerated. In this sense, the constant "acceleration", IMHO is more of a perception thing. However, companies setting higher and higher sales forecast no matter what, is the type of acceleration that is quantifiable and not quite sustainable indefinitely. There are limits. You can keep profiting till you've got a monopoly on EVERYTHING... and then you just make all the minions work harder, or make people produce more babies so there are more consumer? That type of acceleration is unsustainable and quite frankly, absurd.
- lesterbuck 13y ago
  Consider software. No matter what new tools and amazing techniques to reduce and control complexity, everyone is still operating at or beyond the limits of the human mind to manage that complexity. That pretty much defines the state of the art in any technical field. I'm sure that applies in finance, too. And whoever invents more effective tools to manage complexity will be richly rewarded, on average.