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Messages - BldSwtTrs

#1
Off Topic / Re: New Taleb Book
August 05, 2014, 05:53:50 PM
What allows me to instantly get the concept and the utility of prediction markets is my knowledge of Hayek's work in economics. What strikes me is that Taleb also knows Hayek's work but nonetheless doesn't get it.

Honestly, Taleb disappointed me a lot with Antifragile (where he argues against individualism and technology). I think he is a very good mathematician and trader, a sophisticated person, but yet a poor thinker.

#2
Off Topic / Re: New Taleb Book
August 04, 2014, 11:29:16 AM
Last time I checked he was not a proponent of prediction markets, to say the least.
#3
OK I see now that my argument "it's remove work" is not valid since other way of software improvement also remove work.

What blockchain still do is removing human related risks. My Facebook and Google data are vulnerable to the greed/ideology/incompetence/whatever of the top management of those companies whereas my data inside a blockchain is not.

So I guess the superiority of blockchain exist in domain that requires reliability, as you said. Now I agree with you on that, but I am not sure the needs of the services that requires reliability will be meet with only two blockchains. For example the law enforcement service may well fit within that category.
#4
That was an interesting read.

The way I see things is that the blockchain technology enable to remove work and human related risks in plenty of tasks, which will inevitably lead to an huge increase in efficiency.

It's akin to the mechanization that has removed the need of work for producing a lot of things. Yes you need human capital to construct the machine, to maintain it and to replace it, but the net effect is a huge increase of efficiency because at the end of the day you need less workers to produce the same result (or a better result).

So you are saying that this increase in efficiency may only be applicable to a very specific set of tasks but I don't see a convincing explanation of why it will be so.
Work will be removed wherever it can be, human related risks will be remove wherever it can be, not just in the "reliable and codeable" subset of tasks that you outline.