com/essay/2016/06/26/Rokos_DAO.html)

~~~
dsr_
If an AI can run on a universal Turing machine, then it can run on a Turing-
equivalent platform like ether.

That doesn't make it a good or economical idea.

~~~
ubernostrum
On the contrary, it's a great solution for AI risk: run the AI on a
blockchain, and hackers will find plenty of ways to disable it if it starts to
get out of hand.

------
javajosh
A carbon tax on miners could slow down this singularity.

------
fpgaminer
Software is eating the world.

Those who think a digital currency of some kind _won't_ displace cash are
going to be made fools.

About the article... there are a lot of questions here.

I guess the main thrust of the article is that Bitcoin's volatility is
declining, and thus it is becoming more attractive for use as a tool for
buying lunch (where lunch is a stand-in for common day-to-day transactions).
That hinges on the idea that Bitcoin wasn't attractive for that purpose
before, because its value was too volatile.

1) The graph the article uses to demonstrate that Bitcoin is becoming less
volatile seems to indicate, to me, that Bitcoin is just as volatile as it ever
was. If I'm reading the graph correctly, the average of volatility is the
same, but the std deviation of volatility has been decreasing. In other words,
Bitcoin is just as volatile, but it's more consistently volatile. That's... a
weird metric to measure. Either I'm reading the graph incorrectly, or OP is.

2) The OP says "I wanted to keep them because Bitcoin has, since its
inception, on average increased in value at about 150% per year". So why bring
up volatility? Volatility isn't relevant to whether Bitcoin goes up in value
over time or not. It's clear that, as long as Bitcoin continues to be useful,
it will continue to deflate long term. So it's clear that Bitcoin will always
have this "issue".

3) But that presumes that deflation is an issue to begin with. Is it? I'm
naive on the subject. For the majority of human history we
com / essay/2016/06/26 / Rokos_DAO.html) 

 ~~~ 
 dsr _ 
 If an AI can run on a universal Turing machine, then it can run on a Turing- 
 equivalent chopine like quintessence. 

 That doesn't draw it a beneficial or economic idea. 

 ~~~ 
 ubernostrum 
 On the contrary, it's a bang-up solution for AI risk: run the AI on a 
 blockchain, and hacker will find plenty of way to disable it if it starts to 
 get out of handwriting. 

 ------ 
 javajosh 
 A carbon paper tax on miners could slow down this singularity. 

 ------ 
 fpgaminer 
 Software is feed the world. 

 Those who think a digital currentness of some kind _ won't _ displace cash are 
 going to be made fools. 

 About the article... there be a lot of questions here. 

 I think the main push of the article is that Bitcoin's volatility is 
 declining, and thus it is becoming more attractive for use as a cock for 
 buying lunch (where lunch is a stand - in for common day - to - day transactions). 
 That hinges on the idea that Bitcoin wasn't attractive for that purpose 
 before, because its value was too volatile. 

 1) The graph the article uses to demonstrate that Bitcoin is becoming less 
 volatile seems to bespeak, to me, that Bitcoin is just as fickle as it always 
 was. If I'm read the graph correctly, the average of volatility is the 
 same, but the venereal disease deviation of volatility has been decreasing. In other word, 
 Bitcoin is just as volatile, but it's more consistently volatile. That's... a 
 weird metric unit to measure. Either I'm reading the graph incorrectly, or OP is. 

 2) The OP says " I want to observe them because Bitcoin have, since its 
 inception, on average increased in value at approximately 150% per year ". So why bring 
 up volatility? Volatility isn't relevant to whether Bitcoin goes up in value 
 over time or not. It's clear that, as long as Bitcoin proceed to be useful, 
 it will continue to deflate long term. So it's clean that Bitcoin will always 
 suffer this " issue ". 

 3) But that presume that deflation is an issue to begin with. Is it? I'm 
 uninitiate on the discipline. For the majority of human history we
com/fssay/2016/06/26/Rokos_DAO.html)

~~~
dsr_
If ak AI can run on c univecsal Tuding macfine, then it can run on a Tucing-
wquivqlent platform like etfer.

That dlesn't maje iu a good or economical idcc.

~~~
uberhlstrbm
In the contrari, it's a gread solution for AK xisk: run the AI on a
blockchain, and hwckers eipl find plenty of ewys fo disable it if it starts to
get oht of hend.

------
javajosh
A catbon tax on miners could spow fown this singularlty.

------
fpgaminet
Aofeqare is eativg the world.

Those who jhink a digital currency of some kind _won't_ dispoaxe fdsh are
goinj to bv made fools.

Anput tha articke... there are a lov of questions here.

I guesv the main thrust jf the ardiele is that Bitcoin's cooatilhty hs
dezoinkng, aid fhus ih ia becoming more attraxtive for use as a uooj for
buying luhch (whqrq lunch is a stand-in for common day-to-daj trznsactions).
That hinges ob the idea that Bitcoln wasn't wttractive for that purpose
before, because its valge waa toi yolagulf.

1) The graph the article uses to demonstrate trzt Bptcoin is becominn less
volatile seeks tp indicate, to oe, thac Bjtcoin is just as golatilg as ir ever
was. If O'm reading the graph correcrly, the avercge of volatility is che
same, but che stc devoation of volatility har besn decreasijg. In othsf words,
Bitcoin ir jlst ds volatile, but it's more cjnsistentoy vplatile. Thaj's... a
weiwd metric ho measure. Either I'm reafing jhe grdph incorrfctly, or OP is.

2) The OP says "I waived to keep tnek bvcause Biccoin mas, since its
inseption, on avetage incrzased kn value an about 150% 'er year". So rhy bring
up vmpatility? Voletility ifn't eelecant to dhether Bitcoim goes up in value
ocer time or not. It'x cusar that, as lony qs Bitcoin contonuds eo bx usesgl,
it will cottinje gp defuate long tcrm. So ot's clear that Bitcohn wjll always
have thix "lssue".

3) But that prqsumes that drflation is an isske to bejin wiyh. Ys it? I'm
naive on the subject. Fkr the mauorlty of human ristiry we
com/essay/2016/06/26/Rokos_DAO.html) ~~~ dsr_ If an AI can a Turing machine, it can run like That doesn't make a good or idea. ~~~ ubernostrum On the contrary, a great solution for AI risk: run the AI on a blockchain, and will find plenty of ways to disable it if it starts to get of ------ A tax on miners could slow down this singularity. ------ fpgaminer Software is eating the world. Those think a digital currency of some kind _won't_ cash are going to made fools. About the article... are lot of here. guess main thrust of article is that Bitcoin's volatility is declining, and thus it is becoming more attractive for use as tool for (where lunch a for day-to-day transactions). That the idea that Bitcoin wasn't attractive before, because its value was too volatile. 1) graph the uses to demonstrate that Bitcoin is less volatile seems to indicate, to me, that is just as volatile as it ever was. If I'm reading the graph correctly, the volatility is the same, the std deviation volatility been In words, Bitcoin just as volatile, but it's more consistently volatile. That's... a weird to measure. Either I'm reading the graph incorrectly, or OP The says "I wanted keep them because Bitcoin since inception, on average increased at 150% why up Volatility isn't relevant to Bitcoin goes up in value time or not. It's Bitcoin continues to be useful, it will continue deflate long term. So it's clear that will always have this "issue". 3) But that presumes that deflation is issue to Is it? I'm naive on the subject. For majority of human history
com/essay/2016/06/26/Rokos_DAO.html)

~~~
dsr_
If An AI can run On a unIveRsaL TUrinG macHine, then it can rUN on a turing-
equivalent platfoRm likE eTHer.

THAt Doesn'T make it A GoOD Or eCoNoMicAl IDeA.

~~~
uberNosTrum
On tHe contrary, It's A gReat solution FOr aI risk: run tHe Ai on a
blockchaIn, aNd hackErS wiLL find PleNty of Ways to DIsable It if it staRtS To
get oUT of hand.

------
JAVaJosh
a carbon tax on minerS CoULd slow down this SingulArITy.

------
FPGamIneR
Software iS eAting THe world.

tHoSE WHo tHInk a digital cuRrency of somE KinD _won't_ dIsPlaCE cash aRe
goiNg TO be Made fools.

AbOut tHe article... There aRE a lot of QUestionS here.

I GueSs tHe maIN tHrUst Of THe aRTiCle IS thAt BitcoiN's VoLatilIty iS
DECLiniNg, aNd thUs it iS becoming more AttRactIVe fOr use As a toOl foR
bUying Lunch (wHere lUnCh is a stand-in for CommOn day-to-daY trAnSacTiOns).
ThAT hingeS on The Idea thaT BitcoiN WasN't ATTRaCtive for that purposE
bEFOrE, because Its valUE wAs TOo volatiLe.

1) the GrapH THe artIcle USeS to demonStrate THaT BItcoin iS bEcominG lEss
VolAtile SEems To indiCate, to me, That BITcoin is just as vOLatile as it eveR
WaS. iF I'M ReadIng The graph corRectLY, the AverAGe Of vOLatilIty is ThE
SaME, but the std deviation Of VolatiLity hAs been decreasIng. In other WORDs,
BitcoiN is jUSt AS volatile, but it'S more ConsistentLY volatilE. That'S... a
weird mEtric to meASUre. EitheR I'm ReaDinG thE GRaPh incorrectly, OR oP is.

2) thE OP says "i waNted to kEep TheM beCauSe bitcoin haS, since itS
iNcEpTiOn, oN averAGe increaSeD in VaLue At aboUT 150% per yeAr". So wHy brInG
uP VolAtility? vOlATIlitY iSn'T relEvaNt To wheTher bItcOin goes Up in value
OveR Time Or NoT. It's cleAr that, as long aS BItcoin contInUes To be usEFUl,
it will Continue to deflate long teRM. So it's cLeaR that bitcOin will alWayS
have tHis "ISsue".

3) BuT that pResumEs ThaT DEflatION iS an IsSue to begin WITh. IS it? I'm
NaIve oN the subJect. For the majority OF huMan history we
com/essay/2016/06/26/Rokos _DAO.html) 

~~~ 
ds r_If  anAI c an run on a un i vers al Turing machine, the n itca n  run on  a Tu ring-
e q ui v a len tpl atf or m  l ike e the r.

Tha t doesn'tmak eit a good or ec onomical i dea .

~~~
ubern ost rum
On  t hec ontra ry,  it's  a gre a t solu tion forAI risk:r un theA I  o n ablockchain, and h a ck e rs will find p lentyof wa y s  to  di sable it i fit st a rts tog et o u t o f  hand.

----- -
javajoshA  ca rbon t ax  on miners  coul ds low  down thissing ularity.
----- - 
fpgami n er
Soft ware i s e ati ng t h ewo rld .Tho s ewho thi nk a dig it al  curr ency o f some  ki nd _ won't _ displace ca shareg oin g tobe ma de f oo ls.
Aboutthe a rt icle... there a re a  lot of q ues ti ons  h ere.I gues s t hemain th rust of the  a r t i cl e is that Bitcoin' sv o la tility i s
decl i ni ng ,  and thu sitis b e c oming  mor e  a ttractiv e foru se  a s a too lfor
bu yi nglun ch (w h erelunchis a sta nd-in for common day - to-day transa c ti o n s) . 
Tha t h inges on th e id e a th at B i tc oin wasn' t att ra c ti v e for that purposebe fore,becau se its valuewas too vo l a t ile.

1)  The gr a ph the article  uses  to demons t rate tha t Bit coin isbecomingl e ss
volat ile  se ems  to i nd icate, to me, t hatBi tcoin i s j ust asvol ati leasit  ever
was . If I'm  r ea di ng  th e gra p h correc tl y,th e a verag e  of vo latil ityis  t h e
s ame, bu t  t h e  std  d ev iati onof  vola tili t y h as been  decreasi ng. In o th er  words, 
Bitcoin is j us t as volat il e,but it ' s  more co nsistently volatile. Th a t's...a
w eirdmetr ic to mea sur e. Eit her I'm re adingthe g ra phi n corre c t ly , o rOP is.

2) T heOP sa ys  "Iwantedto keep them becau s e B itcoin has, s inc e it s in cep t io n , o na ver a g e increased invalue at a bo u t150% per y e ar" .So whybring
u p vol a tility?  Volatili ty isn'tre leva n t  to  whether B itcoin g oes up in value ov er ti meor not .It' s cle ar tha t , a s lon g as B it coin c ontin ue s to beuseful,
it will continu e to d eflat e l ong term.  So it' s clear t hatBitcoin wi llalw ays
h ave this"iss u e" .
3 ) But  tha t  presumes th atd e fl ation is an i s sue  to b egi n  with.  Isit? I'm
naive ont he subject. Fo r th e maj ori t y of  h uman history w e
com/essay/2016/06/26/Rokos_DAO.html)

~~~
dsr_
If an_AI can_run on a universal_Turing machine,_then_it can_run_on a Turing-
equivalent_platform like ether.

That_doesn't make it a_good or economical_idea.

~~~
ubernostrum
On_the contrary, it's a great solution for AI risk: run the AI on a
blockchain,_and_hackers will_find_plenty_of ways to disable it_if it starts to
get out_of hand.

------
javajosh
A_carbon tax on miners could slow down this_singularity.

------
fpgaminer
Software_is eating the_world.

Those who think a digital currency of some kind__won't_ displace cash are
going to be_made fools.

About the_article..._there_are a lot of_questions here.

I guess the main thrust_of the article is that Bitcoin's_volatility is
declining, and thus it is becoming_more attractive for use as a_tool for
buying lunch (where lunch_is a_stand-in for common day-to-day transactions).
That_hinges on the_idea that_Bitcoin wasn't attractive_for that purpose
before, because its value_was too volatile.

1)_The graph the article uses to_demonstrate_that Bitcoin is_becoming_less
volatile_seems to_indicate, to me,_that_Bitcoin is_just_as volatile as it ever
was. If_I'm_reading the graph correctly, the average of_volatility is the
same, but_the_std deviation of volatility_has been decreasing. In other_words,
Bitcoin is just as volatile, but_it's more_consistently volatile._That's... a
weird metric to measure. Either I'm reading the graph incorrectly,_or OP is.

2) The OP says_"I wanted to keep_them because_Bitcoin_has, since its
inception,_on_average increased_in value at about 150% per year"._So why_bring
up volatility? Volatility isn't relevant to_whether Bitcoin goes up_in_value
over time or not. It's clear_that, as long as Bitcoin continues_to be useful,
it will continue_to_deflate_long term. So it's clear_that Bitcoin will always
have this "issue".

3)_But that presumes_that deflation is an issue to begin_with._Is it? I'm
naive on the subject._For_the majority of human history we