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a drowsy gaggle of mathematicians
stupendous correlative algorithms
that’s an artificially sensible example. The real examples made no sense to humans. But money was made, and fairly reliably.
Signal-processing algorithms would attempt to discern subtle but predictable fluctuations that had never been noticed before.
By betting for and against that number rhythmically, a slight, but steady profit dripped out.
1 siren server to eliminate inefficiencies? Can something be built around that?
multiple sirens milking is a problem
the fluctuation reveals inefficiency, and the Siren is canceling it out.
At the end of each cycle, some money was reliably earned, not based on making bets about the unpredictable events of the world, but on the meticulous alignment of the quirks of the world’s local rules.
extract a profit before anyone else can even get a trade in edgewise.
when I bid Manhattan adieu. (My place was damaged in the 2001 attacks, and I moved out to crazy Berkeley.)
in his silk robes, hanging out by the spa in his sybaritic, giant loft in TriBeCa.
other masters of the universe:
Ultimately, there was an old-fashioned old boys’ club obscured under the tangle of cables in the foundation of the newfangled digital network.
the perfect investment always rested on at least a touch of corruption. There was some chink in the law that you depended on.
If you can pull money out of sufficiently advanced math, then the law couldn’t keep up even if it tried.
To an algorithm, a circuit breaker or timing limit is just another feature in the environment to be analyzed and exploited.
/still an old boy's network
nullifying nerd supremacy?
The cat-and-mouse game can go on forever.
Undoing the Siren Server pattern is the only way back to a truer form of capitalism.
what computers appear to have m...
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a new path to a “sure thing” that sidesteps the nasty old business of havin...
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What is absolutely essential to a financial Siren Server, however, is a superior information position. If everyone else knew what you ...
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If anyone could buy stock in a mathematical “sure thing” scheme, then the benefits of it would be copied like a shared music file, a...
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but you can’t know about the bunker and ...
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If it weren’t for that differential, the new kind of sure th...
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If life gives you end user license agreements, make lemonade
The information economy that we are currently building doesn’t really embrace capitalism, but rather a new form of feudalism. We aren’t creating enough opportunity for enough people online. The proof is simple. The wide adoption of transformative connecting technology should create a middle-class wealth boom, as happened when the Interstate Highway System gave rise to a world of new jobs in transportation and tourism, for instance, and generally widened commercial prospects.
entrepreneurship is the most fundamental activity, and can close its own loops.
assembled on television by critics of the president and asked if they had built their business, or if the government
wow. talk about a left hemisphere bias. they couldn't even follow the president's way of speaking, or at least the pundit leaders didn't have the compunction to not intentionally move forward with the [deliberate] misunderstanding, trusting, I assume, spleens would override awareness for their political ends.
and then to come to this, an offered rebuttal - albeit 'cute' somehow - which only goes to prove the point of the dependance of these ventures on the pre-exisitng establishment of a sort of infrastructure - exactly the point being made originally.
The whole idea of a public road is to push entrepreneurship up to a higher level
there would have most likely been a set of incompatible digital
Gore played a crucial role in bringing that unity about
The real business opportunity would be in privatizing other people’s roads.
only took a feudal turn around the turn of the century.
Street book privatized Street EULA
You agree that you will have to learn to think like a hacker if you wish to be in control of your accounts.
no single server was to blame, naturally.]
⊙ part 3, how this century might unfold, from two points of view
From below: mass unemployment
how we’ll conceive of whatever can’t be automated at a given time.
we might apply antihuman values that define the new roles as not being “genuine work.”
“How many jobs might be lost to automation if we think about automation the wrong way?”
Or more specifically, how will what-jobs-provide then be lacking?
One of the strange, tragic aspects of our technological moment
people who work insanely hard in worrisome environments.
it’s hard not to wonder when the labors of these hordes of new potential Luddites might become suddenly obsolete.
somebody somewhere would find the motivation.
What would it look like to automate manufacturing?
automating, software mediated, manufacturing
When a technology becomes software-mediated, the structure of the software becomes more important than any other particularity of the technology in determining who will win the power and the money when the technology is used.
The little gotchas and annoyances of technology are not predictable and can add decades of uncertainty to the timing of technological change.
hopefully
likely that 3D printing can close the various loops and become a fairly complete technology in this century.
it might just as well be placed close to where the pro...
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