I think the compensation comes in the form of lower prices, greater availability of the products, a higher standard of living and newly gained freedom for the worker. They can do something else now. The compensation maybe isn't as explicit or obvious as receiving an "automation dividend" check every month. That's what securities are for!
we've all mostly been liberated from back breaking agricultural farm work in developed countries, no? At least in countries that have automated. Don't think you can say the same for countries without automation. We've reaped tremendous benefits that are just totally lost / taken for granted by the luddites.
I think some people take it for granted, but your argument is also a good one for being less satisfied with our current state of affairs.
Just imagine how many more people would be even more liberated from inhumane work and low living conditions if wealth didn’t accrue quite so severely to the top N%.
Not a reason to stop progress IMO but a good reason to question it and try to nudge it in certain directions.
Yes, I’m sure all the artists, writers and knowledge workers are going to be soooo happy to be liberated from their work that they’ve spent a lifetime training for.
Automation can be great when used to replace dangerous or back breaking work that is difficult for humans to preform. AI is not really that though.
Aren't they using RLHF? The feedback from humans might not always be the ~right~ feedback. Couldn't that possibly degrade the quality of its responses?
There's no promises of future gains or profits made explicitly by the protocol, nor is there any central party pushing/benefiting from its adoption. There are plenty of other crypto coins you could accurately label as Ponzis. It's unfortunate that bad actors have tarnished the Bitcoin name...
Social media is just the medium for which doom/despair is transmitted. Removing social media might slow down the transmission speed, but folks will eventually arrive to the same conclusions mentioned in OPs comment.
Anecdotally I've had more recruiters reach out to me for potential jobs when I have the Open to work badge. Why not have it on all the time even if you are currently employed, especially if you are well performing. Would that not be an incentive for your current employer to boost pay/bonus to retain?
Probably not... tbh, unless I'm looking, I stay the hell away from LinkedIn generally. What got me even considering a few jobs ago was evaluating some of their eLearning courses that mgt had wanted people to make use of... Not the best idea imo. So, you're going to push your self-motivated employees to a site that centers around career connections and recruiters?
In the end, I don't think most managers care that much until it's too late. Not all, but enough.
It's a hedge against currency debasement. And it hedged pretty well against that! From the moment M2 supply increased (Feb 2020) to the moment M2 began decreasing(jan 2022), bitcoin earned you almost 400%.
Interest rates in Argentina have been on an upward trend for the last decade [1], yet bitcoin is near its all time high relative to the Peso [2]. How do you explain the contradiction here?
The claim is higher interest rates cause things to collapse.
US interest rate go up, bitcoin go down!
Argentina interest rate go up, bitcoin go up!
Contradiction.
What you pointed out tho is important: fiat is a confidence game at the end of the day, and it doesn't matter how much yield a fiat offers if it lacks confidence.
Bitcoin is more or less a measure of how much confidence people have in their respective fiat currencies.
The problem here is a fundamental flaw in the design of bonds.. They're non fungible by design. Why not make their yields fixed to the current fed funds rate regardless of when they were issued? That would eliminate market dislocations like what was experienced by SVB where their 1% yeilding bonds lost tremendous value.
