Any suggestions on how to think about it a deeper level? I’m new around here just trying to get my head around some of these ideas.
I think writing down a monto carlo model helps to make decisions explicit. At best you do it in a form where the model is easy to modify for other people.
You could run a tournament where people can submit bots that act in the economy to maximize their returns.
I’d be more than happy to engage the existing banking system and with unlimited capital I wouldn’t involve Bitcoin.
Bitcoin invests a lot of resources into not needing to trust any single entity. That’s why it’s transactions are much more expensive than Ripple transactions.
If you want to trust central authority to uphold law anyway, then it’s likely beneficial to not go via bitcoin trust model and have cheaper transactions.
I think writing down a monto carlo model helps to make decisions explicit. At best you do it in a form where the model is easy to modify for other people.
You could run a tournament where people can submit bots that act in the economy to maximize their returns.
Bitcoin invests a lot of resources into not needing to trust any single entity. That’s why it’s transactions are much more expensive than Ripple transactions.
If you want to trust central authority to uphold law anyway, then it’s likely beneficial to not go via bitcoin trust model and have cheaper transactions.
I took your advice and posted this over in discussion:
http://lesswrong.com/r/discussion/lw/m38/publishing_my_initial_model_for_hypercapitalism/