This happens slowly because while public markets trade daily and prices then adjust instantly, private markets don’t get reset until follow-on financing rounds happen which can take 6–24 months.
I sometimes like to call it “layered thinking”. There’s the rational layer, there’s the tacit layer, and there might be other layers. And they’re all important. And we can’t just make a decision based on any one layer, frankly, and certainly the top layer.
To return to the issue of subjectivity, consider: is the reinstantiated mind the same consciousness as the person we just scanned? But it is not easily resolved, or even readily understood. How do we distinguish a process that is conscious from one that just acts as if it is conscious?We can’t simply ask it. If it says “Hey I’m conscious,” does... See more
Today, another 120 years later, we take wires completely for granted. This is most unwise. People who use the Internet (or for that matter, who make long-distance phone calls) but who don't know about wires are just like the millions of complacent motorists who pump gasoline into their cars without ever considering where it came from or how it... See more
We don't just want to take existing maps of social connections as given and find better ways to come to consensus within them. We also want to reform the webs of social connections themselves , and put people closer to other people that are more compatible with them to better allow different ways of life to maintain their own distinctiveness.
Complexity – A typical complex system is composed of myriad individual constituents or agents that once aggregated take on collective characteristics that are usually not manifested in, nor could easily be predicted from, the properties of the individual components themselves. For example, you are much more than the totality of your cells and,... See more
Required Return Fund Capital to Targeted Net Return: Going off the example above, if a fund is targeting a 3x net return, meaning they wish to pay to their investors $3 for every $1 invested, the required fund return to hit 3x is actually higher than $300M given fees and carry. It is important to understand the total required return... See more
In this discussion, we explore a wide variety of topics, including social engineering, deceit in the security sector, common hacking vulnerabilities, the legal abuse of data and privacy by big corporations, digital IDs, the future of deep fakes and brain computer interfaces, and a whole lot more.