603 karma · joined September 24, 2019
I wonder if the crossover strategy would still outperform (on a Sharpe Ratio basis) starting in 2005 instead of 1998.
I also wonder if the crossover strategy would fail to outperform (on a Sharpe Ratio basis) once transaction fees were considered.
Humans are motivated by emotional incentives at least as much as economic incentives, and humans also have cognitive and memory constraints that aren't considered by traditional economists.
All of which is to say that while there may not be an economic incentive for government regulators to de-regulate, that conclusion fails to consider that many government regulators actually have an emotional desire to feel like they are doing good in the world and that emotional incentive can sometimes be stronger than the traditional economic incentive to keep regulations in place.
The bill only creates a voluntary set of guidelines for companies, not a mandatory set of guidelines.
Companies would be motivated to adopt the voluntary guidelines in order to avoid a heap of legal liability, but this would only be a heap of liability by tech company standards and not by the standards of any other industry not protected by Section 230.
In other words, the fourth amendment argument doesn't really hold water. The data collection practices would still only be private actions, not state actions.
I'm not advocating for EARN IT. I still think the bill is terrible because it disincentivizes end-to-end encryption (or more specifically, it incentivizes bypassing it with client-side scanning). But the specific argument that it would make prosecuting child abuse more difficult doesn't hold water.
Most people don't do extensive (or any) research before voting. They choose a candidate based on party affiliation or the information on TV. So for that majority of people, they will vote for a candidate whether or not the candidate is of sound mind. They assume other people have done the due diligence.
On the other hand, you have the parties themselves. The Democratic Party would rather have a senile Democrat than a non-senile Republican. And the Democratic Party is itself strongly influenced by other Democrat politicians who may even appreciate a senile coworker since that coworker can be more easily manipulated. So they have no incentive to risk losing that by suggesting or supporting a different Democratic candidate.
That in turn means new Democrat candidates will struggle to get the amount of support or funding which is necessary to publicize oneself enough that the complacent members of the public mentioned earlier could vote for them.
Enforcement will be the interesting part. If a DAO has anonymous members and no LLC or corporate structure associated with it, then a court can rule that the members are liable, but it could be very difficult to enforce that liability.
Output: "Create a tax preparation service that utilizes blockchain technology to securely and efficiently process W-2 forms for households with multiple earners. Implement a user-friendly interface that allows users to easily upload and manage their W-2 forms, and automate the tax preparation process to save users time and money. Market the service to the hundreds of millions of households with multiple earners who need to file multiple W-2 forms each year."
Pretty much a meaningless word salad, but I like the idea of generating business ideas from HN comments if the generated ideas could be made more precise.
Starting on January 1, 2024, it will be harder to conceal the identities of people behind LLCs: https://www.daypitney.com/insights/publications/2022/11/fog5...
I didn't realize how much happier I was when I worked next to windows (as opposed to working in the interior of a room) until I was in my mid twenties. How would an AI know to tell me to design my home office with a big window when I didn't even know that was necessary myself?
The AI couldn't have learned from me (since I didn't consciously know that), and the AI couldn't have learned that sitting next to windows generated happiness for itself either. That means some other human being would be necessary to input that as a design constraint into the AI's architecture program.
The inability of AI to experience human feelings for itself means it will have to rely on humans to help it provide economic goods and services that are maximally useful. That means there will be a role for humans in the economy for quite a long time (possibly forever).