I value stream compression highly because it is the core technical problem of machine intelligence.
We'll know what the core technical problem of machine intelligence is once we achieve machine intelligence. Achieve it, and then I'll believe your claim that you know what's involved in achieving it.
IMO, we can clearly see what it is now.
In general, there is no need to perform an engineering feat before you can claim to have understood what problem it involves. We understood the basics of flight before we could ourselves fly. That is also true for machine intelligence today - we have a general theory of intelligence, and can see what the technical side of the problem of building it consists of.
Induction power is the equivalent of lift. Not the only thing you need, but the most central and fundamental element, once you already have a universal computer and storage.
Link: johncarlosbaez.wordpress.com/2011/04/24/what-to-do/
His answer, as far as I can tell, seems to be that his Azimuth Project does trump the possibility of working directly on friendly AI or to support it indirectly by making and contributing money.
It seems that he and other people who understand all the arguments in favor of friendly AI and yet decide to ignore it, or disregard it as unfeasible, are rationalizing.
I myself took a different route, I was rather trying to prove to myself that the whole idea of AI going FOOM is somehow flawed rather than trying to come up with justifications for why it would be better to work on something else.
I still have some doubts though. Is it really enough to observe that the arguments in favor of AI going FOOM are logically valid? When should one disregard tiny probabilities of vast utilities and wait for empirical evidence? Yet I think that compared to the alternatives the arguments in favor of friendly AI are water-tight.
The problem why I and other people seem to be reluctant to accept that it is rational to support friendly AI research is that the consequences are unbearable. Robin Hanson recently described the problem:
I believe that people like me feel that to fully accept the importance of friendly AI research would deprive us of the things we value and need.
I feel that I wouldn't be able to justify what I value on the grounds of needing such things. It feels like that I could and should overcome everything that isn't either directly contributing to FAI research or that helps me to earn more money that I could contribute.
Some of us value and need things that consume a lot of time...that's the problem.