Wei_Dai comments on An Alternative Approach to AI Cooperation - Less Wrong
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I think in the centralized model, it's easier to see how the resource transfer could be made risk-free. In the distributed model, you have to deal with distributed systems issues, which seem like a distraction to the main point that a technology like "secure joint construction" or "verified source-code reincarnation" can be used to enforce cooperative agreements among AIs (if they don't mind being merged/reincarnated)