wedrifid comments on "Outside View!" as Conversation-Halter - Less Wrong
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I think Eliezer estimates 1-2 week until game over. An intelligence that has undeniable, unassailable dominance over the planet. This makes economic measures output almost meaningless.
I think you're right on the mark with this one.
My thinking diverges with yours here. The global scenario gives a fundamentally different outcome than a local event. If participation is market mediated then the influence is determined by typical competitive forces. Whereas a local foom gives a singularity and full control to whatever the effective utility function is embedded in the machine, as opposed to a rapid degeneration into a hardscrapple hell. More directly in the local scenario that Eliezer predicts outside contributions stop once 'foom' starts. Nobody else's help is needed. Except, of course, as cats paws while bootstrapping.