Jack is right: companies will be transformed to put intelligence at the center of a swarm that offers its services to the market. The same needs to happen to our whole society. We all have much to offer beyond our labor, and we'll need to organize for it to be valued.
Crypto's original vision was radical: build a fairer economy from scratch. Speculation brought the energy and the capital, but the vision is still there, waiting for us to follow through.
@danyalprout@_jxom Another way of thinking about it is that wallets should use fillTransaction/maxPriorityFeePerGas, but apps that generate outlier transactions should use meterPriorityFeePerGas before handing the transaction to the wallet to sign.
@danyalprout@_jxom Maybe! But perhaps most users should accept the standard maxPriorityFeePerGas instead of outbidding resource metering. If normal users need to win an auction, that's a bug to be fixed by repricing the resource. The metered fee auction is for users who know they're outliers.
Elon Musk on FSD V14: "We'll be adding reasoning in V14.3. What it'll do is drop you off at the entrance of the store and then go find a parking spot. It's going to use reasoning to solve things."
@VitalikButerin@pbrody Another way of looking at it is that American Express just isn't ambitious enough. But if the same operating model were the basis of a "greedy institution," rents extracted by anyone else would be seen as a loss. Only I lose today when rents are extracted!
@VitalikButerin@pbrody Getting the best deal falls short of the full opportunity. I want a single rent-seeking intermediary for all purchases, and I should pay the rents instead of trying to avoid them. But I get to choose the intermediary who allocates those rents the best. A rent union, in effect.
@gfodor this is the console for running Genie 3 and its successor world models. and with high fidelity, camera-driven avatars that headsets can't match. the holodeck will be a handheld
@Oxxbid trending/recommended accounts, not arbitrary coins. coins that aren't associated with creators make it harder to understand what the app actually is: a feed of people you believe in so much that you put money on it
@balajis Is that actually true? Regardless of whether all this is a good idea, Vietnam could sell off foreign currency reserves to strengthen their currency, which would adjust the trade balance further. They could even do negative tariffs by subsidizing US imports until trade balances.
@koeppelmann I think the idea is to organize in ways that produce loyalty from economic self-interest. There's lots of prior art for this from plain old loyalty networks that we haven't really tried at all. Ethereum is a loyalty network for financial transactions, but with poor economics.