Eliezer

30 ms·

361.
by Eliezer 13y ago
> Ignoring the fact that bad people many times use e-currency for repulsive things like child slavery [citation needed]
362.
by Eliezer 13y ago
Hi! This is the Market Economics Fairy! If people are buying your product faster than you can make it, it means your prices are currently set too low! There's no point in keeping the price low to stimulate demand when you can't yet incre
363.
by Eliezer 13y ago
One counterexample can't outweigh a lot of positive examples, but we don't have verified positive examples of people making the reasoning error the OP claims - we don't have verified positive examples of people secretly thinking what OP cla
364.
by Eliezer 13y ago
Hi. This is Eliezer Yudkowsky. I work at the Machine Intelligence Research Institute on reflective decision theory for eventually building stable self-modifying AIs. I do this because I think it's literally the most important problem in
365.
by Eliezer 13y ago
Oh, they had stock warrants? That explains it. Trading the low-interest debt for stock wouldn't make any sense otherwise.
366.
by Eliezer 13y ago
Yeah, that puzzled me too. The PR couldn't be worth that much, could it? How could the interest possibly be more expensive than the stock dilution? Unless they just don't like having debt outstanding which seems understandable... though w
367.
by Eliezer 13y ago
Because we tried your traditionally balanced diet, the high-protein diet, the high-fat diet, the paleo diet, the improved paleo diet, the four-hour diet, and yes, exercise, and nothing worked. (Shangri-La resulted in 20 pounds of very easy
368.
by Eliezer 13y ago
I'm in for $65, because I've run out of patience with everyone wisely nodding caution and not trying to solve the problem themselves. Like a lot of metabolically disadvantaged people, I feel betrayed and tossed off a cliff by a society tha
369.
by Eliezer 13y ago
Probably not what it seems. http://www.scottaaronson.com/blog/?p=954
370.
by Eliezer 13y ago
Really? Success in just one area is plenty to keep me going. It's when you get success in no areas that you're in trouble, or when success in one area is balanced by a disaster elsewhere, etc.
371.
by Eliezer 13y ago
I've totally seen a LISP dialect with probabilistic execution and Bayesian updating built in - it was one of the lecturers at SPARC 2012 - but damned if I can remember the name of the speaker or the LISP dialect. Roughly, using this dialec
372.
by Eliezer 13y ago
I actively prefer ads for things I might actually be interested in purchasing. If there were an option to tell advertisers "Please show me more ads about..." I would take that option. whenever I was waffling on some purchase. Most ads suc
373.
by Eliezer 14y ago
Isn't that poll a total joke dominated by mass multi-vote hacks?
374.
by Eliezer 14y ago
Since Bitcoin can be subdivided and is used (rather than held) primarily as a medium of exchange, there's no reason for increased price in dollars to decrease its use as a medium of exchange... let alone a store of value. Unfortunately.
375.
by Eliezer 14y ago
They weren't throwing nearly enough cash out the window to make up for everyone suddenly wanting to hold more money. NGDP still crashed. Inflation dropped. The spread on inflation-indexed Treasury bonds warned that monetary policy was
376.
by Eliezer 14y ago
As ever: Bitcoin is a lovely medium of exchange, a horrible medium of account and hence a purely bubbled store of value.
377.
by Eliezer 14y ago
Wow. That's... we're lucky Homo sapiens didn't get its intelligent species license revoked for this.
378.
by Eliezer 14y ago
Boss: We've predicted you're going to leave, so you're fired. Analysts: See, they're no longer employed! Another successful prediction for the algorithm!
379.
by Eliezer 14y ago
Hypocrisy usually isn't conscious. Why would it be?
380.
by Eliezer 14y ago
Setting fire to 3% of gross planetary product doesn't seem like it should be the best solution. Current financial wastage is more than this, sure, but who says that Bitcoin fixes all problems and they never come back?
381.
by Eliezer 14y ago
> Can you make loans denominated in gold? I think you can. Nobody does. Now why is that? Friedman understood perfectly well that failure to increase the money supply in response to decreasing velocity was responsible for the Great Depr
382.
by Eliezer 14y ago
Oh, sorry, I didn't understand your original proposal. This is a loan denominated in dollars, it's just being transaction-settled via Bitcoin. The medium of account is dollars and the medium of exchange is Bitcoin. This is pretty much exa
383.
by Eliezer 14y ago
That's not easy to fix with more lucrative mining. Suppose your economy is growing at 3% real rate per annum. Now suppose that you try to have 3% more Bitcoins per annum, produced by mining. People will compete for these Bitcoins until t
384.
by Eliezer 14y ago
As far as I can tell that should be what happens. I'm a programmer and I have friends who are economists.
385.
by Eliezer 14y ago
You're not trying to detect RGDP. You're trying to detect NGDP, but in a way that isn't fooled by more widespread adoption of the currency. Who gets the extra Friedman coins? Also if you don't have a central bank stabilizing the supply of
386.
by Eliezer 14y ago
I refuse. I think Bitcoins might appreciate more than that, and I don't want to take on the risk. On a planet with a growing economy and a growing population, Bitcoins will always be appreciating faster than material investments can grow.
387.
by Eliezer 14y ago
What we need is a currency that automatically implements NGDP level targeting a la Scott Sumner, and does so even as it's adopted in a more widespread fashion. Right now Bitcoin is a beautifully elegant transaction settlement mechanism
388.
by Eliezer 14y ago
I highly endorse this book. Best explanation of linear regression I've ever read. I think a good litmus test for stats books is whether they explain how minimizing squared error corresponds to maximizing probability given Gaussian-distrib
389.
by Eliezer 14y ago
Physicists would hardly be intimidated by being shown the algebra of Bayes's Theorem. I will take into account your de facto information that non-physicists may see the opening as an attempt to intimidate, but it was mostly aimed at people
390.
by Eliezer 14y ago
Also, put the Ring on a lock to which Sam has the key.

More ›