SpaceXponential

Vitalik Buterin, co-founder of Ethereum, distinguishes two kinds of cryptoeconomic systems: objective and subjective. In an objective system, the protocol’s operation and consensus can be maintained at all times using solely nodes, knowing nothing but the rules of the protocol itself. Subjective systems, on the other hand, require more additional k... See more

The metaphor of risk management uses financial incentives to empower our nobler epistemic instincts.

While the metaphor of Facts excuses us from the responsibility of exercising personal judgment, the metaphor of risk management uses financial incentives to empower our nobler epistemic instincts to overcome our lazier ones.

... The employment of gree

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Social scientists have identified at least three major forces that collectively bind together successful democracies: social capital (extensive social networks with high levels of trust), strong institutions, and shared stories. Social media has weakened all three. To see how, we must understand how social media changed over time—and especially in ... See more

The notion of epistemic sanctions clarifies what we might really mean by “consensus” in the context of public discourse — universal mutual listening , rather than universal agreement.

“Universal mutual listening” happens when publishers compete on the basis of trustworthiness, instead of on the basis of ‘facts.’

Competing on the basis of ‘facts’ most

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Most of what the crypto world calls art is entertainment, or fashionable assets. They snatch your attention. They care more about making a tweet or a headline declaring they SOLD OUT, they set a HISTORICAL RECORD, and they tell you this is the art’s value. But the value of what? Monetary value is not a good indicator of the aesthetic value, the his... See more

Bits of information provide neither meaning nor orientation. They do not congeal into a narrative. They are purely additive. From a certain point onwards, they no longer inform — they deform. They can even darken the world. This puts them in opposition to truth. Truth illuminates the world, while information lives off the attraction of surprise, pu... See more