If the market is a distributed algorithm, then money is a representation of some of its free variables. Both are made up in the sense that the algorithm itself can be modified by regulation or social convention. There's…
The Nazis were about as socialist as the DPRK is democratic. Next thing you'll say is that Somalia, South Sudan, Congo, Haiti and Afghanistan are all socialist too!
I think I saw someone suggest using a multi-armed bandit algorithm with upvotes as the objective. I'd like to see that! An algorithm like that would balance the exploitation of showing current highly upvoted posts first…
To deter intimidation, ordinary voters should have secret ballots. But to provide accountability, powerful voters should not have secret ballots. Unfortunately, it's rather difficult to draw a dividing line between…
> Those that wanted to get involved in the 24-year-old's dinner dilemma paid $5 (£3.50) to vote in a poll, and the majority verdict was that he should go for Korean food, so that was what he bought. Ooh, voting with…
You don't need people to understand perfectly. You just need them to be right more often than they are wrong, and have enough of them. https://en.wikipedia.org/wiki/Condorcet%27s_jury_theorem
If the market is a distributed algorithm, then money is a representation of some of its free variables. Both are made up in the sense that the algorithm itself can be modified by regulation or social convention. There's…
The Nazis were about as socialist as the DPRK is democratic. Next thing you'll say is that Somalia, South Sudan, Congo, Haiti and Afghanistan are all socialist too!
I think I saw someone suggest using a multi-armed bandit algorithm with upvotes as the objective. I'd like to see that! An algorithm like that would balance the exploitation of showing current highly upvoted posts first…
To deter intimidation, ordinary voters should have secret ballots. But to provide accountability, powerful voters should not have secret ballots. Unfortunately, it's rather difficult to draw a dividing line between…
> Those that wanted to get involved in the 24-year-old's dinner dilemma paid $5 (£3.50) to vote in a poll, and the majority verdict was that he should go for Korean food, so that was what he bought. Ooh, voting with…
You don't need people to understand perfectly. You just need them to be right more often than they are wrong, and have enough of them. https://en.wikipedia.org/wiki/Condorcet%27s_jury_theorem