544 karma · joined January 25, 2015
Of course I come down on the other side of the debate when it comes to safety - the machines are still quite far away from murdering us all, we should still be full throttle on pushing the capabilities if we want to do the most good.
It really is a very good metric for preventing you to get sucked into hype that will 99.99 percent of the time result in exactly zero real world impact 10 years later.
I am also not sure if the article's claim is merited - it sounds a little too convenient and I struggle to find the watertight case for it in the article. It could be a case of us simply not knowing either way, and thus should avoid making a strong claim for either A or not(A).
This article shows why "rule by committee" is such a unresponsive way to solve real world problems.
The bigger the committee, the higher the ratio of useless distractions to merit-worthy ideas.
Big committees surface many more, and broader, considerations. But doesn't do much in terms of vetting for quality.
The more collective (and thus diffuse) responsibility becomes when you scale up to large committees with many members, the worse it gets at filtering for quality.
Good ideas routinely get thrown out along with bad ideas at these committees, in fact the few good ideas often get drowned out by the bad ones.
Sometimes you really just need someone in the committee to say "screw this" and pick up their crossbow and show that it works, by actually DOING it.
It's often times the disaffected splinter factions on the edges of these large committees that provide the pivotal breakthroughs - in my experience.
You just have to bind sliders to variables, and tie your outputs to graphical plots and there you go.
The big challenge is to come up with a large library of pre-built canonical graphical representations for different programming abstractions and being able to wire them seamlessly together.
Clearly these things help many people. But not everyone and may even be harmful in some cases. Why, now that we don't seem to have really high quality answers on.
If the notch is such an obvious eye-sore, why aren't they abondoning it?
I actually appreciated the unique perspective, and the experience, and don't care that it is not statistically validated, since the point is to stimulate thinking.
It suggests a few aspects to look into - an overly litigious society, crappy systems, an insulation of patients and doctors from the costs of treatments by insurance intermediatories etc...
Let's play a game of pretend, none of us are responsible for our lives, everything is luck. And those who do better than others don't deserve it, so let's strike them down with taxes and punitive measures.
The fact that Tim Cook ONLY costs 1447 times what an average employee costs is a real bargain.
There are 10s of 1000s of average employees. There was effectively only one Steve Jobs until Tim Cook proved he could be Tim Cook, and as a shareholder I would not want you to try and nickle&dime the guy who has created so much value for shareholders.
Yes, the CEO is the chief value creator because ultimately he decides who remains at Apple, he sets the overall strategy and HE has to take full and final responsibility in front of shareholders for all results good or bad.
Mr Middle Manager or Mr Programmer is not going to be called in by the board to explain any problems with profits or growth. Mr Programmer is important but there are more people that can do his job as well as him, as there are people who have a proven track record running an Apple or similar.
Shareholders that buy Apple stock do so at least in part because Tim Cook is the CEO. Sure I first look at the business fundamentals and the valuation, but Tim Cook's proven track record is a major part.
Go watch Buffet interviews on YouTube to hear how highly he rates Tim Cook.
I've never heard Warren Argue that Tim is overpaid, and yet Warren is a very large shareholder.
It's easy for people with very little stake in Apple to have strong opinions about what the Apple CEO should be paid.
If shareholders buy Apple stock in part because Tim Cook is the CEO and not some new unproven person of dubious merit, how much is he worth paying? A lot
If you put all your money in at thr wrong moment, like say the Nasdaq in 99 then you waited 13 years just to break even.
But if you bought monthly you would have done very well because you averaged into the market.
The alternative is if you really understand valuations, diversification, risk and market psychology, like I do, then you can consistently beat the market. Most people cannot and most people you pay fees to do it on your behalf won't.
You could consider buying berkshire hathaway instead of a stock market index.... assuming the lead investors don't die too soon.
Also perhaps fractional reserve banking does create the issue thatp those who can borrow money and buy assers have an advantage over those at the bottom who strugglle to buy assets and cannot borrow.
I am certainly a fan of modern day capitalism compared to socialist redistribution, but a lot can maybe be fixed with "honest" money of some sort that is not easy to inflate at will. (Algorithmic money perhaps like a carefully designed crypto or some variation of gold backing)
The challenge with honest money, is you cannot really control monetary policy (the free market will set interest rates) , but the benefit is, nobody can debase it too easily.
i. e. no bailing out wallstreet during recessions, but also if you gonna bailout consumers with stimmies they will pay for it later in higher taxes.
I find it interesting how local populations view these as a threat and an attack on them.
Which of course is their right. But these countries like this particular example of Honduras is not doing well on quality of life or economic measures, and a major reason why they cannot attract foreign investment is because of their policies and legal/business frameworks.
Creating such a small exception area with its own independent rules, allows for experiments. Such experiments would allow one to test if a charter city really brings enough inbound capital and business activity into your country to justify the giving up of full control over it.
I mean, is democratic control over every last inch of your country really all that valuable when so much of your population suffers in poverty?
After decades of suffering, maybe it is time to try something new, to do a small scale project and see if there are large economic benefits to enabling free charter cities to operate with a relatively high level of freedom?
The whole point of laws is, they should make sense when you reverse race or leave out race completely.
And this is why critical race theory is cancer... its always one sided, victims are always darker and perpetrators are always lighter shades.
He is increasing our understanding and awareness and warning us of the trap of tailing production systems because we get so used to doing it in dev.