sprafa

Many projects are in control of some actor, but decentralization is all about diffusion of responsibility.

Right now tens of thousands of people voted on ALGO's governance trough their wallets on their phones. When did you ever get that chance for FB? For Google? Instagram?

Never. The diffusion is real, even if it's imperfect.

This has demonstrated itself to be very unlikely to happen in large blockchains such as ETH because of cryptoeconomics - ie game theory 101 - if you do a 51% attack on a blockchain you're actually devaluing the entire chain.

It's like robbing a bank where if you take enough money you cause hyperinflation.

So it appears to become less common over time as the chain gains enormous amounts of value. Proof of Stake will also lead to this sort of attack being less likely, I'd think, since it's virtually impossible for a single individual to get 51% of a well-distributed token.

It's telling that the attack here listed happened in BSV, a sort of failed fork of BTC with relatively low adoption.

Aah your article is ok but you realise everything you want could be built - most likely by yourself - using a fork from any popular crypto token? Your dreams are in your reach.

That's the beauty of open-source blockchain. You want to fork? fork.

From experience DeepMind is the #1 goal for any AI/ML person anywhere in Europe. I know people don’t necessarily want to be googlers, but Deepmind ? Yes. If you’re brilliant in the field where else would you work? OpenAI is now completely different from where it started.

It’s also heavily based in London and I know they absorb basically all the top Europe folks who want to stay close to home. Not everyone wants to go to the US.

Demis is also a bit of a legend and I know DeepMind people teach/recruit at UCL his old university. I assume they do so everywhere in the UK but London is an easy talent pool to make and recruit talent for them. So they have a full integrated vertical stack for talent.

Afaik it’s run completely independently from London, by the original founder. Distance from the mothership + founder in charge + separate goals = independence and results

Jim Simons and Bob Mercer used Ml to solve the market a decade plus ago. Good book on the topic is The Man Who Solved the Market

Renaissance Technologies, Jim Simons and Bob Mercer’s fund solved the market with ML techniques ages ago. Can’t remember off the tip off my head but they have consistent 60% annual returns which is unheard of. There’s a great book about it - The Man who Solved the Market

World of Warcraft ?

Not even approximations - they use a bunch of assumptions, many of which don’t hold up over time, so they then proceed to invent new ones as to say “well these assumptions are obviously better” even though they will inevitably be falsified because they share the same conceptual origin error.

Interesting ideas - any place one could learn more on how to think like this? Ie books or ? Basically How did you manage to get it to this simple statement, which seems intuitively correct when so much macro economics I’ve tried to read seem like obvious nonsense

The UK upper class is remarkably educated and unintelligent in my opinion. You meet lots of people in the UK in some strata of society who went to Oxford yet have never really been taught how to think.

UK research also appears to have largely fallen behind world leaders - see mRNA research coming from Germany/US yet the UK having no native knowledgebase of mRNA I know of and producing one of the weakest of the COVID vaccines.

Virtually all aspects of western society is being eroded by the “management is a job-skill” type thinking. I expect that eventually we will stop doing this simply because it’s complete nonsense and clearly counter productive.

Look at the difference between Elon Musk’s two companies and their ability to execute vs their rivals. The amount of value that was created because of an engineer led is so vast - it’s hard to even quantify.