There are serious problems with the idea of the 'Bitter Lesson' in AI. In most cases, things other than scale prove to be extremely useful for a time, and then are promptly abandoned as soon as scaling reaches their level, when they could just as easily combine the two, and still get better performance. Hybrid algorithms for all sorts of things are good in the real world.
For instance, in computer science, quicksort is easily the most common sorting algorithm, who uses a pure quicksort? Instead they add on an algorithm that changes the base case, or handles lists with small numbers of entries, and so on. People could have learned the lesson... (read 506 more words →)
I believe that the most important fundamental flaw for Futarchy isn't what is written here, but that the flaw this essay identifies is in fact sufficient to be described as an important fundamental flaw. I do not believe it is possible to patch out the most fundamental flaw.
My thought is that the most fundamental flaw is that you are asking for how people think the question will be resolved, and not the thing that is being referenced, so I think that prediction markets in general should be seen as just a (slightly unusual) type of opinion polling where you can theoretically win money by guessing other people's opinion's in the future. It's... (read more)