NotAnOtter
Joined 6 years ago
Joined 6 years ago
Most algo's, especially ones made as a 'side project', are actually just directional bets and not true algorithms. And there are cheaper ways to take directional bets thus most of these are actually losing money - if the author just understood their directional bet, they could buy relevant stock/options to have the same risk profile for cheaper. But compiling algorithms back down into their directional components is an entire field in quant finance, akin to something like DS&A for CS.
Which is the joke I was referencing. When you take a directional bet and win, that isn't proof you're algorithm 'worked', it proves your directional bet won. Akin to someone who "vibe codes a website" and then sends you a localhost url. It's proof you're just making shit up and not aware of what it is you're building or how it works.
Back when AI was new, I needed to check every single output because it was 50/50 on the code being complete junk. Now 99% it's correct first time and 1% close but needs some tweaking. I'm lazier and lazier WRT granting permissions and just trusting it to go nuts.
If you owe the bank $10Mil, that's the banks problem.
If you steal $10Bil from the bank, the government bails out the bank and now it's everyone's problem.
99.99% of software is a utility. It being cheaper to produce is a net win for society. The LLM-solution isn't an "all else being equal" scenario, there are other obvious downsides. But the part where an in-demand utility got cheaper is very good.
And that's literally one single profession.
That said, I think the rational perspective is "things will be fine, basically".
I tried writing a longer reply but organized thought drifted into ramblings about economics I only partially understand. TL;DR I think some opportunities will close and others will open, and current engineers will find a home. Mostly software architecture or as technical advisors for product companies (if everyone writes code, you need some Dude Who Knows It Well to guide the non-engineers when they get stuck. Akin to IT).
I think wages will stagnate but wages are generally inflated, if we're being honest. As much as I love my doctor-level salary, I can honestly say I don't deserve it.
I had a comment deleted by reddit admin & it banned my account, I appealed and received a message apologizing for the mistake and they unblocked my comment. But my entire account is still banned! Screw the comment I want my old account back. I've appealed many times but of course, no response. It's just being sent into the void.
Seems there is just no reason to use the website anymore. Either you post the most boring hive-mind nonsense, or otherwise just get banned.
You seem to think they weren't failing before LLM (simply rapidly losing member activity), which is a narrative that I won't follow.
I know closed source models will have nefarious shit injected into it. It will start modest at first, of course, they need to get past the hyper scrutiny phase. Then it will simply be telemetry, then it will simply be feeding my behaviors into ad targeting, then it will simply be computer vampirism, and so on. One step at a time.
I prefer a gremlin I know I need to keep chained than a seductress I think I can probably trust.