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mattnewport comments on The President's Council of Advisors on Science and Technology is soliciting ideas - Less Wrong
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Assuming any kind of physical resource limits on real value (and this would include physics imposed computational limits so simulation is no get out) it can't go on for very long.
Bryan says:
"why couldn't economic growth of 1% (or 10%) continue forever in simulations? In the real world, we can't all be emperor of an infinite universe. But I don't see why every one of us couldn't preside over our own simulated utopias?"
My comment there was:
"The universe is made of atoms - and other particles. Virtual reality - and all the things economists study - is made of that stuff. You can't have simulations or value without things being ultimately made out of matter."
However, that doesn't prevent simulated high-utility worlds. It seems like the wirehead problem. Yes: we could go into a virtual world and award ourselves a centillion utility points - but then we and our simulated utopias would most likely be obliterated by the very first aliens that come across us - if a meteorite didn't dispatch us long before that.
It's not an either/or thing. You could spend, say, 1% of your resources on setting up a colonization wavefront.
Right - but there are practically bound to be aliens out there somewhere who just want to conquer the universe - and couldn't care less about ecstacy or utopias. Those folk seem likely to eat utopias for breakfast, lunch and dinner. Unless we are a lot more confident that those folk are nowhere nearby, we should probably behave conservatively.
I doubt you'd have to wait for aliens - humans, trans-humans or AIs who stayed outside the simulation would likely do the job first. One reason I'd have no desire to enter a simulation.
Natural selection deals with most wireheads. However, there are scenarios where the entire civilisation does this sort of thing.
If there are no competitors in the short term then natural selection's action could be delayed - until some turn up.