All of TropicalFruit's Comments + Replies

“Twitter, I mean X” in 2045 had me dying. So did the California red tape part. Awesome job.

Agreed, and we have well-meaning conservatives like Ben Shapiro taking marriage and monogamy as almost an unfalsifiable good, and then using it as a starting point for their entire political philosophy. Maybe he's right, but I wish realistic post-birth-control norms were actually part of the overton window.

I think much of the difficulty comes from the fact that past systems-of-the-world, the unexamined normalcies that functioned only in silence, were de facto authored by evolution, so they were haphazard patchworks that worked, but without object level understanding, which makes them particualrly tricky to replace.

Take ancient fermentation rituals. They very well may break down when a child asks "why do we have to bury the fish?" or "why bury it this long?" or "why do we have to let it sit for 4 months now?"

The elder doesn't know the answer. All he knows is ... (read more)

5Viliam
We even seem to have a collective taboo against developing such theory, or even making relatively obvious observations.

I'm single because my current location is amazing in every way except its density of young, childless people. I have met somewhere between 300-1000 people over the last 4 years, and of those, 8 have been women between the ages of 20-30.

Most are 40+ parents, the rest are those parents' kids. The sad truth (I think), is that I simply have to move if I want to date.

Same. It would take incredible effort to find one person I reasonably connect with each year. 

So much of this is just location. I've met 100s of people over the last few years. Nearly all either over 40 with kids, or those kids. I've connected with many, maybe 10%, on a pretty good level. That doesn't help with dating at all.

I just really, really don't want it to be the case that he only answer is: move to NY, SF, or Seattle, becuase I really like it here.

As someone who's gambled professionally, I believe the (Chesterton's) fence around betting for normies exists because most bets are essentially scams, which is why I'm entirely okay knocking it down for LWers. Let me elaborate.

Probability is complicated and abstract. Not only that, human intuition is really bad at it. Nearly all "bets" throughout our modern history have not been the kind of skin-in-the-game prediction competition we're praising on lesswrong - they've been predatory. One person who understands probability using emotional and logical minipul... (read more)

Answer by TropicalFruit10

You could be hypothyroid. What's your morning body temperature?

I've had the exact same experience. Chores like that are the exact kind of thing your brain says "nope" to (forcefully) when you don't have enough energy available. I've had this symptom for most of my life, and it's gone away during the times I've been healthiest. 

This - small chores seeming entirely awful - was positively correlated with all my other symptoms: insomina, depression, acne, brain fog, idopathic fatigue, and breathlessness under exertion (much more than normal). They all arr... (read more)

2Dr. Birdbrain
Can you say more about what kind of changes you implemented?

Shout out to Karl Marx for correctly identifying many issues with what he called capitalism, but providing a compeltely inaccurate hypothesis as to the root cause of those issues.

2Noosphere89
IMO, Karl Marx's main errors come down to 2 errors: 1. Overestimating drastically the amount of zero-sum/win-lose interactions in the economy. To be a bit more fair, the notion that positive sum/win-win economics could exist as a supermajority of all trades was likely very undeveloped by Marx's time, and it only got started by at most 20-50 years in the west. This is a common error made across the political spectrum, but Karl Marx's assumption that there had to be conflict between the proletariat and the bourgeoisie probably reflects zero-sum assumptions on economics. 2. Way overestimating how much change/radicalism was necessary to distribute some of the profits of the new capitalism economy, closely related to the zero sum error, but also not realizing that the rich weren't omnipotent and couldn't just arbitrarily change society to fit their preferences.
Answer by TropicalFruit10

This is a perfectly reasonable question. No one wants to be fat, so it follows that no highly competent individual will be fat.

Turns out, it's just a very difficult problem, and that degree of difficulty also varies greatly between people. It's far more difficult for certain individuals than for others. 

No one really knows why, yet. If they did, we'd all be thin and healthy again.

Agreed with this objection. And the "low caloric density" thing is, imo, just flat out wrong, especially if you're an athlete.

Saturated fats couldn't reasonably have made us less sexy or infertile. Modern chronic disease makes you less sexy and infertile.

That's a reasonable hypothesis, but what about all the other chronic health conditions skyrocketing? 

Depression, anxiety, cancer, age-related macular degeneration, arthritis, Alzheimer's, autism, ADHD, period pain, early onset puberty, infertility, chronic fatigue syndrome, etc, etc, etc?

Weight is just the one we talk about, because we can see the lack of health on your body, and it looks unsexy, so you pay a social cost for it. This conversation, though, really isn't about body-weight, or even body fat, but rather chronic disease as a whole. Obesity is just one such disease, or maybe even symptom, rather than a disease in and of itself.

Agreed. The idea that foods with "low caloric density" are healthier is thrown in at the end as something we know for sure. That's... not accurate at all. Not even a little bit accurate. I actually think the totality of the evidence leans the other way, but like with seed oils, it's extremely mixed.

It's funny to see the "left/right" slant debate in the comments. I thought we were past that. Who cares what Team each statement is a soldier for? They're all pretty good examples of the noncentral fallacy, and the further discussion about Schelling fences addressed almost all of my few objections while reading them. I've actually had those "taxation is theft" and "imprisonment is kidnapping" conversations with people, because they've never even considered the similarities.

My only remaining objection is that the word "racism" has gotten overloaded, but to ... (read more)

Has anyone else run into the issue where they don't really want to rest - they just want to do different work?

When I try a rest day, I immediately just want to play a strategy video game. I have an urge to study, improve, learn, etc. That's literally what my mind always goes to. I don't really want to rest, I want to work, it just seems clear that, deep down, I don't think the work I do on normal days is worthwhile.

Alright I see one crux here.

Bush and Obama governed almost identically, despite the "heated" election between Obama and Romney/McCain. It seems like what we have is essentially a uniparty with two WWE faces for the public, and they execute mostly Kayfabe performances that all lead to the same outcome in the end.

It appeared, from the media reaction to Trump, that the uniparty was actually threatened by him. This is why I think it's more likely in this election, rather than previous elections, that there was more of an effort to rig on one side than there wa... (read more)

I think there are significant differences between this post and the run of the mill leftist drivel you see somewhere like reddit. This post is well written and coherent, and, as such, invites discussion. I've also seen the author respond to opposing comments with real counter-arguments, rather than random ad hominems and fallacies.

Also, while politics is certainly the mind-killer, I personally enjoy the occasional political article where we get to discuss it with LessWrong's forum features and LessWrong's audience. There's a chance of actually having my mi... (read more)

It was the mechanism and order of the counting which differentiated this election from others. The counts continued long into the night, and into the following days. It was the first election with substantial mail in voting, adding many new attack vectors for fraud.

At about 2am on election night, Trump was a -190 favorite, so not huge, but definitely expected to win. It was certainly unlikely that there were enough votes in the deep blue areas that had yet to be counted to swing the election, although it was no where near prohibitively unlikely.

Then there ... (read more)

2dr_s
This seems to me like it depends on how mail in voting actually works (never mind that this wasn't the result of any particular plan, it just happened randomly due to COVID, which also explains perfectly well the difference in use of mail vote between Democrats and Republicans). Personally, my priors come from the fact that both sides have an interest in not letting the other rig it, and that there is enough mix of powers and interests throughout the system that I don't think any actual serious, systematic rigging would go through. Look at actual well known examples of rigged elections and you'll usually find systems in which the rigging was blatant but still the side doing it got away with it because they could resort to physical violence and held all the relevant keys to power. If one or another jackass in a specific place had someone throw away some voting cards odds are something similar that benefitted the opposite side happened elsewhere. It's mostly noise. The question is if there was an organised effort to rig it in one specific direction, and if there is evidence of it, and I just don't see it. Absent which my prior is, as I said, merely "as fair as any other election", which doesn't imply perfectly fair, but reasonably enough not to warrant that sort of extreme behaviour, which is far more threatening of democracy if employed lightly.

The Trump section makes a few assumptions that aren't defended. They might be right, they might be wrong, but even the most basic counterarguments aren't addressed.

First, you call questioning the election "overthrowing democracy," which implies that questioning it wasn't in any way justified. What's your prior that an election is sound? This is a genuine question; I'm not sure what's appropriate. Many, many elections throughout human history have been various degrees of rigged. I have no idea what prior to use, and I have no idea what level of fraud/questi... (read more)

0dr_s
Some amount of messiness here and there isn't the same as systematic rigging on the scale that leads to a straight up different result. The more important question is: why would this specific election have been rigged, and where did Trump and his supporters draw their belief that it was specifically rigged while, say, the one Trump won had been fair and square? And the answer is, there was no special evidence that this one election was any different from the others. Only one candidate loudly proclaiming that if he won, it was fair, and if he lost, it was rigged, because of course he had to win. That doesn't seem the most epistemologically sound or falsifiable basis for belief. It's kind of absurd to start asking "ok but how do we know it was not rigged?" when no one usually even thinks about it being rigged, the elections keep having reasonably alternating winners, with the candidate of the opposite party often winning against the one that is presently holding power, and the only thing drawing attention to this specific election is that the candidate who lost expected to lose and pre-emptively said that if he lost it had to be because the other side was cheating. Given that the election wasn't a stand out in any way, given that Trump's own people in the end couldn't really do much to prove their claims despite trying their hardest while still being the party in power, I think it's reasonable to assign a high probability to the 2020 election being roughly as fair as any other in recent US history. If there's one election in memory that could in fact have actually suffered from this problem due to how close it was, it was the Bush/Gore mess in 2000, and Gore conceded that one.

This is a super interesting take. I'll keep it in mind if I dig into the history of monetary systems again.

A classic example of the typical mind fallacy: everyone has an internal monologue.

Actually, no, they don't: https://irisreading.com/how-do-i-know-if-i-have-an-inner-monologue/

I'd expect nearly every LW'er talks to themselves, likely constantly. I certainly believed everyone had an inner monologue for most of my life, until the idea that people don't started spreading around the internet a few years ago. Both parties were shocked that the other existed (myself included).

It makes me wonder just how many other things are out there like this.

2Ben
I sometimes have an inner monologue, but not usually. If I am writing or reading I hear the text in my head. If I am imagining a conversation or book or talking to myself then same again. But if I am listening to music, or to someone else talking, no inner monologue of my own speaks over them. If I am focusing on something "non wordsy" its certainly not there. (When I am catching a ball I don't have words describing the process jumbling around in my brain. when I am admiring a nice view I enjoy the shades of green without thinking the word "green".)

This 1000x.

Related is replacing the naive idea that "money corrupts" with the truer "money makes you more of what you are."

Most people's inherent corruption and selfishness is reigned in by a lack of power. Money allows it to come out. The nice thing about (ideal) capitalism is that only hard working, risk taking, creative people end up with power, which leads to more hard work, more risk taking, and more creativity.

It's the people who acquire money through other means that end up "corrupted" by it, even though they're really just showing who they were all along.

I think my inability to image form like this is why I've always been so bad at chess. 

I can really only hold an image of one word in my mind. If I want to read "God" on the top, I completely lose the second and third rows. I can also write in "Gas" in the first column and read it (barely), but the second I add the second word, everything gets blurred (abstractly). The information just... isn't there.

Despite this, I'm extremely good at mental rotations... which seems strange because it's also visual imagery. Somehow, I'm a lot better at holding a shape... (read more)

Answer by TropicalFruit01

I like getting it to write funny stuff based on it's left leaning, mainstream slant. So "Write me an article: We need to talk about the racism problem with pennies."

It's amazing. You should try it.

4ChristianKl
For anyone who doesn't want to run the query themselves, here's one run:

How are these the same thing?

  • believing data which turns out to be wrong
  • asserting that people are conspiring to cause some bad outcome

Some studies say masks work, some don't. If you incorrectly evaluate the evidence and believe that they don't work... how is that related to accusing people of conspiring? You've just analyzed the evidence wrong, but you haven't made any claims relating to any people, or plans, or schemes.

Do you think it's worth actually memorizing a few actual references? I.e. - Study by X done in X year, instead of just "other studies."

It often seems like "other studies disagree" is only one small step above just asserting it.

This is coming from someone who (as you know) makes this assert-contrarian-without-sources faux pas all the time.

Conspiracy =/= wrong + contrarian. That's an issue with the current Overton window. Conspiracy used to mean people conspiring.

So there's a difference between "carbs bad" - which is probably just wrong and contrarian, and "cereal companies colluded to convince you meat and fat are unhealthy, so you'd eat their sugar cereal," which is a conspiracy theory.

The reason conspiracy theories are typically (rightly) ridiculed is that they tack on a whole bunch of non Occam's Razor propositions to a theory, without the accompanying evidence. The conspiracy from cerea... (read more)

No that's expressly NOT what he's saying. For example - obesity is dangerous. Everybody thinks obesity is dangerous, and they're correct.

He's just saying that some of the public wisdom seems totally wrong. That [everybody thinks it] has turned out to be much weaker evidence than he originally thought, though still evidence in favor, and certainly not evidence against.

Gold used physical-world trade for a long long time, it did not (and still does not) self-host ownership transfers. 

You're right, it's not identical. However, monetary supply was decided via proof-of-work. Chain of ownership and custody was not. I was referring to monetary policy here, but that is an important distinction.

There's no intrinsic value behind it (that is, no industrial use and no government demanding their taxes/payments in that form)

The use of gold in electronics makes it a worse form of money, not better. The fact that you have to put m... (read more)

If I trust my body to tell me when it's tired, I'll work all night until about 8-9am, and then go to sleep.

Are there things you do to get your body's natural sense to actually match up to reality? Turning down the lights or altering the temperature?

My body literally doesn't send sleep signals. It might send vague fatigue signals at some points, but without actual effort, I would literally stay up all night, every night.

The only exception is on days when I'm already very sleep deprived. Say I slept 2 hours and then worked a 10 hour day. That night, I'll fall asleep at 9-10 without any effort, but that's the rare exception.

3Richard_Kennaway
No, nothing of that sort. My sleep is very irregular, though. I keep records of this and various other things, and over the last seven years the average is 6.5 hours and the standard deviation 1.4. Not a problem, because my work has rarely required fixed hours, nor has my social life involved partying through the night. I only use an alarm when I have something like a train to catch. I do not get SAD, and my daily cycle is not affected by the clocks changing, nor by travelling a time zone or two east or west.

Okay but I just don't agree. 

Let each black box have some probability to kill you, uniformly chosen from a set of possible probabilities. Let's start with a simple one: that probability is 0 or 1.

The a prior chance to kill you is .5. 

After the box doesn't kill you, you update, and now the chance is 0.

What about if we use a uniform distribution from [0,1)? Some boxes are .3 to kill you, others .78.

Far more of the experiences of not dying are from the low p-kill boxes than from the high p-kill ones. When people select the same box, instead of a new... (read more)

2RHollerith
TropicalFruit and I have taken this discussion private (in order to avoid flooding this comment section with discussion on a point only very distantly related to the OP.) However if you have any interest in the discussion, ask one of us for a copy. (We have both agreed to provide a copy to whoever asks.)
2RHollerith
In your new scenario, if I understand correctly, you have postulated that one box always explodes and one never explodes; I must undergo 2 experiences: the first experience is with one of the boxes, picked at random; then I get to choose whether my second experience is with the same box or whether it is with the other box. But I don't need to know the outcome of the first experience to know that I want to limit my exposure to just one of these dangerous boxes: I will always choose to undergo the second experience with the same box as I underwent the first one with. Note that I arrived at this choice without doing the thing that I have been warning people not to do, namely, to update on observation X when I know it would have been impossible for me to survive (or more precisely for my rationality, my ability to have and to refine a model of reality, to survive) the observation not X. That takes care of the first of your two new scenarios. In your second new scenario, I have a .5 chance of dying during my first experience. Then I may choose whether my second experience is with the same box or a new one. Before I make my choice, I would dearly love to experiment with either box in a setting in which I could survive the box's exploding. But by your postulate as I understand it, that is not possible, so I am indifferent about which box I have my second experience with: either way I choose, my probability that I will die during the second experience is .5. Note the in your previous comment, in which there was some P such each time a box is used, it has a probability P of exploding, there is no benefit to my being able to experiment with a box in a setting in which I could survive an explosion, but in the scenario we are considering now there is a huge benefit. Suppose my best friend is observing the scenario from a safe distance: he can see what is happening, but is protected from any exploding box. My surviving the first experience changes his probability that the box

Replace thief with a black box that either explodes and kills you, or doesn't. It has some chance to kill you, but you don't know what that chance is.

I was put in a room with black-box-one 5 times. Each time it didn't explode.

Now, I have a choice: I can go back in the room with black-box-one, or I can go to a room with black-box-two.

I'll take black-box-one, based on prior evidence.

2RHollerith
If I know nothing about the boxes except that they have the same a priori probability of exploding and killing me, then I am indifferent between the two black boxes. It is not terribly difficult to craft counter-intuitive examples of the principle. I anticipated I would be presented with such examples (because this is not my first time discussing this topic), which is why in my original comment I wrote, "its counter-intuitiveness is not by itself a strong reason to disbelieve it," and the rest of that paragraph.

Your Latex didn't quite work.

Also, here's three quick examples for anyone still wondering exactly how this works. Remember that the chance of flipping tails until a given digit in the binary expansion, then flipping heads, is  where n is the digit number (1/2 for the first digit after the decimal, 1/4 for the second, etc).

My chance to land on the 1 with a heads is exactly .

My chance to land on a 1 with my first heads is 

My chance to land on a 1 with my first heads is&nbs... (read more)

Since reading the sequences, I've made much more accurate predictions about the world. 

Both the guiding principle of making beliefs pay rent in anticipated experience, as well as the tools by which to acquire those accurate beliefs, have worked for me.

So at an object level, I disagree with your claim. Also, if you're going to introduce topics like "meta-rationality" and "nebulosity" as part of your disagreement, you kind of have to defend them. You can't just link a word salad and expect people to engage. The first thing I'm looking for is a quick, one or two paragraph summary of the idea so I can decide whether it's worth it to pursue further.

I think it's appropriate to draw some better lines through concept space for apocalyptic predictions, when determining a base rate, than just "here's an apocalyptic prediction and a date." They aren't all created equal.

Herbert W Armstrong is on this list 4 times... each time with a new incorrect prediction. So you're counting this guy who took 4 guesses, all wrong, as 4 independent samples on which we should form a base rate.

And by using this guy in the base rate, you're implying Eliezer's prediction is in the same general class as Armstrong's, which is a ... (read more)

I've also noticed those tendencies, not in the community but in myself.

Selfishness. Classification of people as "normies." Mental health instability. Machiavellianism.

But...

They get stronger as I look at the world like a rationalist. You read books like Elephant in the Brain and find yourself staring at a truth you don't want to see. I wish God were real. I wish I were still a Christian with those guardrails erected to prevent me from seeing the true nature of the world.

But the more I look, the more like it looks like a non-moral, brutally unfair, unforgiv... (read more)

3MSRayne
There is a middle path. insert buddha vibes In fact, I'm a moral realist! And I've got the skeleton of a rationalist argument for it. Only the skeleton, mind, and I'm sure people could easily blow holes in it. But making posts on here is... exhausting... so I haven't written it up. Well, yes, we live in a hell ruled by a dead (never-born) god. That's why it's our responsibility to create a living one (an aligned sovereign ASI) and liberate all sentient beings from suffering. That's what you ought to be living for.

good news on the moral front: prosocial moral intuitions are in fact a winning strategy long term. we're in a bit of a mess short term. but, solidarity and co-protection are good strategies; radical transparency can be an extremely effective move; mutual aid has always been a factor of evolution; the best real life game theory strategies tend to look like reputational generous tit for tat with semirandom forgiveness, eg in evolutionary game theory simulations; etc. Moral realism is probably true but extremely hard to compute. If we had a successful co-prot... (read more)

Counterpoint:

I'm at a local convenient store. A thief routinely robs me. He points a gun at me, threatens me, but never shoots, even when I push back a little. At this point, it's kind of like we both know what's happening, even though, technically, there's a chance of physical danger.

Had this guy shot me, I wouldn't be alive to reason about his next visit.

Now consider a different thief comes in, also armed. What is my probability of getting shot, as compared with the first thief?

Much, much, higher with the second thief. My past experiences with the first ... (read more)

2RHollerith
Because a person has a significant chance of surviving a bullet wound -- or more relevantly, of surviving an assault with a gun -- your not having been assaulted by the first thief is evidence that you will not be assaulted in future encounters with him, but it is weaker evidence than it would be if you could be certain of your ability to survive (and your ability to retain your rationality skills and memories after) every encounter with him. Humans are very good at reading the "motivational states" of the other people in the room with them. If for example the thief's eyes are glassy and he looks like he is staring at something far away even though you know it is unlikely there there is anything of interest in his visual field far away, well that is a sign he is in a dissociated state, which makes it more likely he'll do something unpredictable and maybe violent. If when he looks at you he seems to look right through you, that is a sign of a coldness that also makes it more likely he will be violent if he can thereby benefit himself personally by doing so. So, what is actually doing most of the work of lowering your probability about the danger to you posed the the first thief? The mere fact that you escaped all the previous encounters without having been assaulted or your observations of his body language, tone of voice and other details that give clues about his personality and his mental state?

Off topic, but I'd just like to say this "good/bad comment" vs "I agree/disagree" voting distinction is amazing.

It allows us to separate our feeling on the content of the comment from our feeling on the appropriateness of the comment in the discussion. We can vote to disagree with a post without insulting the user for posting it. On reddit, this is sorely lacking, and it's one (of many) reasons every sub is an unproductive circle jerk.

I upvoted both of your comments, while also voting to disagree. Thanks for posting them. What a great innovation to stimulate discussion.

I feel the same way. I like talking with people on here, but in almost every subject I have nothing substantive to contribute; I'm just a consumer.

I wish there were a broader, reddit-style aspect to this site for more ordinary posts. They don't have to be about Kim Kardashian or anything, but just regular economics, the current bank runs, Bitcoin, lifestyle/fitness/nutrition stuff, interesting links. You know, minus the reddit toxicity and religious zealotry in every subreddit.

Maybe I'm wrong. Maybe having the majority of the sub dedicated to AI alignment ... (read more)

1MSRayne
You know, you can contribute to alignment without contributing to alignment. Focus on the places you're shocked everyone else is dropping the ball. "Hey wait, why so little emphasis on aligning the humans that make AI? Wouldn't getting people to just slow the hell down and stop racing toward oblivion be helpful?" is one example of this, that would use an entirely different skillset (PR, social skills, etc) to work on. In my own case, I'm mainly interested in designing a system enabling mass human coordination and factored cognition, though I'm terrible at actually writing anything about the mountain of ideas in my head. This would indirectly speed up alignment by helping researchers think clearly, and also be great in many other ways. Think outside the "AI alignment directly and nothing else" box, and find something you can work on, with your skillset.
3Angela Pretorius
That’s what the r/slatestarcodex subreddit is for.

I agree that the block subsidy is a large economic driver of mining right now. I don't understand why Bitcoiners seem so convinced there will be a smooth transition from block subsidy to voluntary fee as the halvings continue. Is there literally any evidence that the fee market will work? Isn't it pure conjecture? I'd really like an answer on that one.

As for L2 scaling, yeah I don't believe LN in it's current form is all that usable. Lots of smart people believe its getting there, though, so without doing object level analysis for myself I tend to think L2... (read more)

1GeneSmith
I honestly never really thought about this before but I suppose it's worth considering. Maybe it's easier for a community to split after some controversial decision with proof of stake? Proof of work is not really immune to it though. When the DAO hack happened on Ethereum, the chain split into Ethereum and Ethereum Classic even though the network used proof of work at the time. Validators will continue to stake on any chain so long as it's profitable. I don't really see how proof of stake vs work changes that.

I'm not really sure I understand your objection. If the L2 improvements are well funded, then the underlying asset would still be at the center of a future payment network.

L2 is the innovation. The idea behind the protocol is that innovation happens on top of L1, because that's a far less risky way to innovate.

There's certainly a question of whether L2 built on top of L1 can actually scale enough to succeed, but that doesn't seem to be what you're saying. Everyone invested in the Bitcoin space has an incentive to increase the functionality of Bitcoin as a whole. I'm not understanding the issue with L1 staying constant.

1GeneSmith
Sorry, I didn't really explain myself clearly. I think Bitcoin's network security is unstable in the long run due to the over-reliance on money printing to subsidize it. The existing validators have strong incentives to resist moving away from proof of work due to sunk costs in ASICs. There also just seems to be a lot of misunderstanding about the lack of advantages of proof of work compared to proof of stake or other consensus mechanisms. So unless the incentive to attack the Bitcoin network exponentially decrease over time, the fundamental protocol must be changed at some point. And maybe Bitcoin survives that anyways. I don't really know. As for L2 scaling, last time I checked the lightning network had something like 650 transactions completed in its entire history. I really have no idea why that number is so low, but to me it indicates the product just isn't very good. Can it be improved? Maybe. But with Bitcoin's transaction rate it would take like 1.5 years for everyone in the US to do one single transaction transferring money from Bitcoin to the lightning network. I just don't see how that scales unless you basically NEVER write to the Bitcoin blockchain. I mean maybe that can work? It's not like people own shares of stock at the depository trust. Intermediaries work well elsewhere in the economy. But why would I want to use the lightning network? Literally the only potential upside I can think of is exposure to Bitcoin prices. My overall impression is just that there are a dozen obvious things you could do if you wanted Bitcoin to be used as money and basically none of them are being done, so Bitcoin stakeholders must not care that much about facilitating exchange via Bitcoin. And I don't see any reason why that will change.

Yeah this is worrisome for me as well. It also appears that human beings are more objectively rational with their money under slight inflationary pressure, because that slight pressure offsets the irrational loss aversion we all have hard wired into our brains.

It seems like Bitcoin with a small, permanent, inflation rate would function much better as a long term, stable, secure, monetary system than this deflationary one we have. The inflation is paid out to the miners, as a fee for maintaining the network security, rather than to autocrat grifters like it... (read more)

1GeneSmith
If you're holding Bitcoin because you believe you can sell it to someone else for the same or more in the future, then I suppose that's reasonable. It still has another 10-20x before it surpasses the total value of all gold, so perhaps there's still some alpha to be had. But if you're holding Bitcoin because you belive it will actually function as a medium of exchange in the long run, I would re-consider your position. None of the stakeholders developing Bitcoin mining clients have any incentive to increase the functionality of the L1 layer. Most of the funding for such development comes from L2 payment networks like Lightning. They have every incentive to keep the Bitcoin protocol slow and unsuitable for payments (after all, their product is supposed to be the thing that solves that problem). For that reason, along with the general lack of interest in innovation within the Bitcoin community, I would be extremely surprised if Bitcoin ever became a scalable payment solution.

No, it's not obvious; it's a perfectly legitimate question. Here's the Howie test, the criteria established by the Supreme Court for security classification:

  1. An investment of money
  2. In a common enterprise
  3. A reasonable expectation of profit
  4. Derived from the efforts of others

Bitcoin's biggest difference from other Crypto securities are #2 and #4. Bitcoin is common, but it's not exactly an "enterprise." There's no organization or group working on it in an attempt to increase it's value, the way, for example, the Ethereum foundation attempts to increase the economi... (read more)

In principle, AI regulation sounds like the type of coordination problem that governments were designed to solve.

In practice… I once saw a clip of a US senator bringing in a snowball from outside the building to show that global warming wasn’t real. And that’s just the tip of the iceberg (pun intended) for the pretty egregious level of, i don’t even know what to call it, childishness I guess, of lots of the people in power.

And that’s just the incompetence side, not even mentioning the grift side.

With the current state of our legal institutions, I’m not sur... (read more)

So update as of November 23rd, 2022... 

FTX is bankrupt, with at least an $8 billion hole on their balance sheet. Customer funds gone, many people lost 6 and even 7 figure balances.

So... what were those odds on "FTX.com losses a substantial amount of user funds" again?

The more info that comes out, the more it looks like the entire thing was fraudulent from the beginning. They even have a software back-door that allows them to transfer funds without alerting auditors, which it looks like they used many times with FTX customer deposits.

Additionally...

Cel... (read more)

1gabrielrecc
Why do you expect Bitcoin to be excepted from being labelled a security along with the rest?  (Apologies if the answer is obvious to those who know more about the subject than me, am just genuinely curious)

Agree 100%.

It always derails me a bit, and then I realize it's a gender neutral singular and move on. "They" has been adopted for this purpose, and my brain is used to understanding "they" as gender neutral singular. Sure, it's overloaded, but it's not that big a deal, and it has the momentum on it's side.

Here's a good one:

Inflation is good because give everyone money / inflation is bad, deflation is good / small inflation may be necessary to offset human loss aversion

One that really irks me is compound noun with a pronoun usage:

Always "Me and X" /  Always "X and I" / "X and I" for an subject and "X and me" for an object 

The second one is being smart enough to know that "Me and X went to the store" is improper because you're using "Me" in a subject, but not smart enough to know how to fix it, and instead just replacing "Me and X" with "X and I" one for one in every sentence.

What makes my blood run hot (and gives me that "like to argue it" high, I think) is that the middle section are trying to signal they're "... (read more)

I agree. Here are some predictions:

  • Masks mandated on airplanes on January 1st, 2023 - 80%.
  • Masks mandated in schools in blue counties in California on January 1st, 2023 - 60%
  • Anthony Fauci will not say anything along the lines of, "Paxlovid works, so the risk of disease is now far lower than the costs of anti-social measures, and they should be stopped." by Dec 31, 2024 - 95%

Note that the formula listed in the article is the Kelly formula for when you lose 100% of your stake if you lose the bet, which isn't always the case.

The Kelly formula is derived from the starting point of:

Essentially, after a sufficiently large number of n wagers, you expect to have won pn times and lost (1-p)n times. Each time, your previous bankroll is multiplied, either by (1 + b*wager) if you won, or by (1 - a*wager) if you lost. 

Often, a = 1. Sports betting, poker tournament, etc - if you lose your bet, ... (read more)

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