Nowadays most of the success in AI is really machine learning or "narrow" artificial intelligence, not general purpose AI. But while it is easy to dismiss narrow AI and believe in our own superiority, AI that can beat humans at different domains has enormous implications. At one point, instead of training AI, we won't be needed.
Bayesian method states that you can learn any problem as long as you had a starting probability and enough cycles to update the probabilities.
Our Intelligence, as computers and AI is based on error correction and refinement of hypotheses through iterations.
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All around the world we encounter with rising prices, but this rise in prices is artificially driven by an enormous rise in credit and debt.
Governments and central banks will do almost anything to stop deflation
Prior to the 2008 crash experts expected the world to continue in the manner in which they were accustomed. This didn't change until they were well past the edge of the cliff.
It wasn't housing itself that caused the 2008 bubble. If it hadn't been housing, ...
Progress within the technological field is constantly speeding up. This growth can be understood through Sigmoid Function Curve of Technology which works as follows.
S curves resemble an S shape where growth is first quite slow, then exponential
Solar energy changes everything. With the actual technology the surface area required to generate all of our needed energy is 496,805 square km.
The price per watt with solar energy has dropped from $256 in 1954
"Now consider all the things technology is, and will soon be, making abundant. Things that are incredibly valuable but because of abundance fall in price precipitously.
In a world where technology is concurrently driving deflation...
Bitcoin (and other cryptocurrencies) is an attempt at a solution. The promise of Bitcoin was to create a system that was decentralized in nature, unable to be manipulated by anyone - including governments.
With Bitcoin limited supp...
"Asking big questions is sometimes more powerful than the solution itself because it inspires knowledge of the world to solve it and, as such, brings diverse ways of solving problems."
"Ordinary people, simply doing their jobs, and without any particular hostility on their part, can become agents in a terrible destructive process. Moreover, even when the destructive effects of their work become patently clear, and they are asked to carry out actions ...
Let's take a look to the first and second laws of thermodynamics:
"We are in danger of a broad systemic collapse, and action needs to be taken urgently to head it off. We need the authority to spend several hundred billion." - September 18, 2088
"Every company that was designed to have success in the twentieth century is designed to fail in the twenty-first century."
"Power tends to corrupt, and asbolute power corrupts absolutely."
The future will be ruled by those who hold the keys to AI and technology. Within this race for power we distinguish different actors:
Our thinking is determined by our cognitive biases, resulting in us accepting information which fits our actual beliefs and refusing those which opposes our beliefs. Let's take a look to two common cognitive biases:
"Watch your thoughts, they become words;
watch your words, they become actions;
Watch your actions, they become habits;
watch you habits, they become ch...
Technology is deflationary. Our economic systems were not built for a world driven by technology where prices keep falling. They were built for a pre-technology era when labour and capital were inextricably linked, an era that counted on growth and inflation, an era where we made...
You and a friend are caught by police for committing a crime together. The time in prison for the crime are ten years. Police hold you in separate cells with no communication possible.
They don't have enough evidence to charge you with a more serious crime, but they do for ...
"The need to belong is a powerful, fundamental, and extremely pervasive motivation, much of what human beings do is done in the service of belongingness."
In 1943, American psychologist Abraham Maslow proposed a theory that all humans possess a hierarchy of needs from basic need to self-actualization: some needs were more important than others, and needs on one level must be satisfied before the ne...
"The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectua...
Our need of belongingness is inherent to us, as humans we are constantly categorizing ourselves and others into groups. F.e. nationality, religion, job, personality...
Groups don't necessarily need to be formal, we can belo...
Since global debt is already so high and expanding quickly, a reset of debt is needed in any truly viable solution.
Controlling the value of money can lead to abuse of power - especially if the currency is underlying other currencies.
A system that is...
This line of thinking in politics is the liberal/socialist/communist camp. It goes by the principle that the system should be fair for the disadvantaged, so we must tax the wealthy more to pay for the services to the poor.
One of the more prominent proposal...
According to Ray Dalio there are only four levers governments can pull to escape debt crisis:
Occam's razor states: a simpler solution is more likely to be correct than a complex one.
What if, instead of trying to stop deflation at all costs, we embrace it? As technology spreads, deflation happens at the rate it sho...
"The Federal Reserve is not currently forecasting a recession." - January 10, 2008
"True ignorance is not the absence of knowledge, it's the refusal to acquire it."
"As we navigate our lives, we normally allow ourselves to be guided by impressions and feelings, and the confidence we have in our intuitive beliefs and preferences is usually justified. But not always. We are often confident, even when we are wrong, and an objective o...
"Through economies of scale, the bigger a company was, the more buying power and leverage it had to squeeze out competitors. In contrast, a network effect exists when the value of a product or service gives more value to each user as the number of users increases."
"Creative destruction doesn't happen at a steady rate over time. At certain points in history, there is more opportunity for entrepreneurs to create disruption."
"In from three to eight years, we will have a machine with the general intelligence of an average human being."
One of the pillars of capitalism is a free-market system. A near-constant flow of innovative entrepreneurs breaking monopolies and then themselves creating new ones.
The term "creative destruction" was coined by Austrian American economist Joseph Sc...
"Because the people who are crazy enough to think they can change the world are the ones who do."
"A currency only holds value because of the deemed trust we have in it. Beyond that, it is just a piece of paper with faces and numbers on it."
Despite being just a hypothetical situation, prisoner's dilemma reflects in an accurate how we tend to behave. Oftentimes the decisions that are best for us are at odds with each other.
We can see some examples of this:
In this scenario we have continued low or negative interest rate environment, central bank printing, modern monetary theory, or other guarantees to keep the party going.
The greatest irony of this camp is that it has the highest belief in a free-market ...
Business Administration and Management Student | Blockchain, DEFI & Web3 | Social Worker | "Fix the money & fix the world."
In this brilliant book, Jeff Booth explains his vision of the near future with the influence of technology on it.
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