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DireMunchkin · 11h
Minor gripe: A Zapstore release would be nice to have
hzrd149 · 4d
Seems to be the average minibits experience... I downloaded the wallet again to test some stuff and somehow it misplaced the tokens. Its really not that hard to build a cashu wallet all you have to do...
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DireMunchkin @DireMunchkin
I tried like 5 different Cashu wallets and lost the funds in 3 of them. 😂 Mind you never from the mint rugging or anything, it was always some weird wallet/mint state snafu were my notes just wouldn't redeem or disappeared after some point.
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Daniel Batten · 1w
As a kiwi, we have this thing called "Tall Poppy Syndrome" that makes me (still) reluctant even to repost what others say about me ... however, if you're doing something of value, its important peo...
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DireMunchkin @DireMunchkin
In the Scandinavian countries we have a very similar cultural bugbear called "Jantelagen", or the Law of Jante.

The "law" was written as a satire of the (highly real, unfortunately) attitude in some parts. The short version of it is just "You are not to think you're anyone special, or that you're better than us."

https://en.wikipedia.org/wiki/Law_of_Jante
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Daniel Batten · 1w
Interesting. I'd not heard of that one. Yes, different original - but remarkably similar result!
hodlbod · 1w
Yep, exactly right. AI is so interesting to me because it exists at such an incredible scale (across multiple dimensions) that the externalities seem to outweigh the straightforward effects of the technology in many areas, making it really counter intuitive to reason about.
hodlbod · 1w
Paradoxical, not contradictory. That's his whole point in the article, that "long-termism" of the utilitarian sort can result in negative outcomes in utilitarian terms.
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DireMunchkin @DireMunchkin
That part made sense to me, but I don't see what bearing it has on the economics of automation. Any unemployment from automation has to be preceded by a large gain in productivity, so large you can do the same jobs with fewer people (or no people at all). E.G like shoemakers being put out of work by shoe factories in the industrial revolution.

If there's a modest gain in productivity from AI then it can't cause mass unemployment, since doing the same labor with fewer people won't be possible to any great extent. This is what I mean when I say he's contradicting himself.
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hodlbod · 1w
> Any unemployment from automation has to be preceded by a large gain in productivity This is what he's arguing isn't true. Layoffs can happen for many reasons. It's actually not intuitive that an increase in productivity would lead to layoffs, which to me increases the chance that recent tech layo...
Libertas Primordium · 2w
There's some other knobs you gotta loosen up or you're gonna end up discarding things like lightning channel operations and large batch transactions which is a lot of the transaction activity on the network. The defaults basically only permit single small wallet to wallet transactions above 1 sat/...
hodlbod · 2w
"Excessive automation" due to AI hype is creating a massive pan-market opportunity for startups prepared to come in and pick up the pieces. https://www.owenmcgrann.com/p/the-dead-economy-theory
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DireMunchkin @DireMunchkin
To me Owen's proposition in this article that we get the "worst of both worlds" of automation seems obviously contradictory.

Either AI had modest productivity gains, and we can't automate that many jobs, or we do automate many jobs and productivity skyrockets.

The combination of low/no productivity gain that still causes mass unemployment seems hard to defend on logical grounds. Were're the redundancies going to come from in that case?
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hodlbod · 1w
Paradoxical, not contradictory. That's his whole point in the article, that "long-termism" of the utilitarian sort can result in negative outcomes in utilitarian terms.