As a way to rid yourself of excess funds, it probably works? Likely more effective than a sailing habit, unless you get into racing.
But there's no need for it in your investment portfolio. Pick a mixture between 20/80 and 80/20 stocks/bonds, buy index funds and you're good. Easy and scalable... This works for normal money too, but you probably want a meaningful amount of cash and you may want to more carefully choose your stock/bond ratio. Maybe if you've got tens of billions you might need something else, but it'll probably work for that too.
Art is like a lossy compression algorithm. If there is a soul of any form the only reason you think you're observing it in human-produced art is because your decompression algorithm is adding it.
While I don't disagree there's a "human touch" to art, I'm not convinced it can't be synthesized to some degree. It may not be innovative, but I think since AI is extrapolating from learned data, it can at least mimic the current pop culture.
Dude, too pessimistic, next gen won’t be totally unemployable. Lots of professions up for grabs: roofer (they ain’t sending expensive robots there), anything to do with massage, sex work, anything to do with sports and performance so boxing, theater, Opera singing, live performance, dancing, military (will always need cheap flesh boots on ground), also care in elder facility for aging population, therapist (people still prefer interacting with a human), entertainer, maid cafe employee…
Perhaps we will finally reconnect with each other and quit the virtual life, as everything in the virtual world will be managed by and for other AIs, with humans unable to do anything but consume their content
> Dude, too pessimistic, next gen won’t be totally unemployable.
For what it's worth I agree with you, just with very low confidence.
My real issue, and reason I don't hide my alarmism on this subject is that I have low confidence on the timelines, but high confidence on the ultimate outcomes.
Let's assume you're right. If AI simply causes ~10%-20% of middle class workers to fall into the lower class as you suggest then I'd agree it won't be the end of the world. But if the optimistic outcome here is the near-term people won't be "totally unemployable" because people who lose their jobs can always join the working class then I'd still rather bomb the data centers.
If we're a little more aggressive and assume 50% of the middle class will lose their jobs in the next 10-20 years then in my opinion this is not as easy as just reskilling people to do manual labour.
Firstly, you're just assuming that all these middle class workers are going to be happy with being forced into the lower class – they won't be and again this isn't a desirable outcome.
You're also not considering the fact that this huge influx of labour competing for these crappy manual labour jobs will make them even less desirable than they already are. I keep hearing people say how they're going to reskill as a plumber / electrician when AI takes their job as if there is an endless demand for these workers. Horses still have some niche uses, but for the most part they're useless. This is far more likely to be the future of human labour. Even if plumbers are one of the few jobs humans will be able to do in a post-AI world then the supply of them will almost certainly far exceed demand. The end result of this excess supply is that plumbers going to be paid crap and mostly be unemployed.
I think you're also underestimating how fast fields like robotics could advance with AI. The primary reason robotics suck is because of a lack of intelligence. We can build physically flexible machines that have decent battery lives already – Spot as an example. The issue is more that we can't currently use them for much because they're not intelligent enough to solve useful problems. At best we can code / train them to solve very niche problems. This could change rapidly in the coming years as AI advances.
Even the optimistic outcomes here are god awful, and the ultimate risks compound with time.
We either stop the AI or we become the AI. That's the decision we have to make this decade. If we don't we should assume we will be replaced with time. If I'm correct I feel we should be alarmist. If I am wrong, then I'd love for someone to convince me that humans are special and irreplaceable.
People will just join the military ranks. We will need a ton of meat for upcoming WW3. This will solve the unemployment issue. Also, no need to “bomb data centers”, Russia will use EMP weapon for that.
It is not because the entity issuing the dollar (America) grows and produces stuff. Ponzi schemes are money laundering schemes. These are entirely different.
If your argument reduces to "money isn't real, it just stands for something real" then I'm just not sure you and I are going to have a constructive discussion.
No, that's like saying "bank-robberies are drug-smuggling."
A Ponzi scheme involves investors being defrauded by someone lying about the status of assets and money flows.
It does not automatically imply any kind of money laundering, and in fact it can operate just fine even when every single scent being invested is from entirely clean sources.
No, laundering it's far more specific than that, it means the original money is somehow "dirty" (revenue from criminal activity) and is being "cleaned."
In contrast, a Ponzi scheme can operate just fine with 100% clean investment money coming in some unsuspecting victims, and the (smaller) amounts flowing back as dividends would also be clean.
The most precise definition of money laundering may be that. But in general, laundering anything means to pass it off as something it may not be, particularly in a dishonest way.
But good on you for really getting your definitions down I'm sure you're super fascinating at parties.
Not really. I dont recall ever-reading about people being scammmed into buying USD. But the term Ponzi here is definitely quite loose and cryptos have some value as digital asset outside government jurisdiction. Well unless they completely vaporize into thin air...
