Thoughtful, well-written essay, Federico. You do an excellent job of discussing the most important issues and provide a useful approach for how to solve them. I think--or at least I worry--that you make reducing existential risk sound easier than it will be. But I also think some of your proposals may get us part of the way toward a solution. Good luck in the contest!
Best,
Robert de Neufville
Hello Federico,
Thank you for your essay. I believe your work, and especially the technical calculations and ramifications, outlines the urgency of a sustainable ecological solution to our future existence as a species. This is one of my points in my essay (though mine has none of the calculations).
I also agree with your democratization of resource networks and increasing their resilience. While there is an efficiency to certain aspects of the current economic model, it is also highly vulnerable to power consolidation and catastrophic failure (e.g. drug manufacturing failures leading to shortages). Those efficiencies can now be transferred to the local level, increasing the network resilience and decreasing over all risk.
I hope your essay does well in this competition.
Best regards,
Mark Aldridge
Hi Turil,
I hope you had a chance to read it, looking forward to your feedback!
> you say that "They don't require trust from any of the parties involved in the transaction", which makes no sense to me, as the system itself has to be at least partially centrally regulated, both in distributing the original numbers/values (deciding what the requirements are for "earning" money), and in brokering trades.
The only agreement is in the implementation of the protocol, which is open to the public, and if a group doesn't like it they can start a new blockchain with their specifications. Aside from that, there is no trust involved.
The problem is 50%+1 is well known and in fact, against many who argued it would be a problem, the community self-regulated in its infancy by voluntarily switching mining pools. I predicted this would happen, because it would have been against their interest to game the system: when it's all out in the open, you can't cheat. The currency would be worth nothing after that, as people would lose "trust" in the system.
You could argue that the only trust is in the system itself, not in any particular node or authority.
Hi Georgina,
It's a metaphor, as such it should be taken with a grain of salt. I think virus fits well, as we would be feeding off another life form (considering the resources of hosting planets and their organic compounds as life).
But yeah, sure, technically speaking bacteria is better.
Hi Marc,
Thank you! I'm reading other author's essays too, adding yours to my list.
Hi Robert,
It may have sounded that way, although I believe I've been pretty fair in recognizing when we had little to no control over some existential risks. Also, I didn't allocate too much space on it, the papers cited in the notes explore the issue very well.
Hi Ross,
"Limits to Growth" certainly had an influence, as many other works (some of which are cited explicitly in the notes). As for existential risks, I find Bostrom's work a good introduction, but I haven't seen hard math on it. I'd love to get more technical on that.
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