Anyone going to the Exponential Finance conference being put on by Singularity University next week? (Tuesday and Wednesday) http://exponential.singularityu.org/finance/ I'm going to be there participating in the XCS challenge with my Democratic Hypercapitalism venture. I've posted about it a couple of times here and here. I'd love to meet up...
I posted a stupid question a couple of weeks ago and got some good feedback. @ChristianKl suggested that I start building a model of hypercapitalism for people to play with. I have the first one ready! It isn't quite to the point where people can start submitting bots to play...
Anyone going to the Exponential Finance conference being put on by Singularity University next week? (Tuesday and Wednesday)
http://exponential.singularityu.org/finance/
I'm going to be there participating in the XCS challenge with my Democratic Hypercapitalism venture.
I've posted about it a couple of times here and here.
I'd love to meet up with some folks from the community and talk more about my ideas and rationality.
Sorry for the delayed reply.
This system significantly reduces risk. It is one of its biggest benefits. Have you tried doing an NPV calculation with 0 risk?
Risk is reduced by folding the blockchain over delinquent entities so that you still procure some future benefit from investors/customers.
I agree though, the benefits must out weigh the negatives...and I think they do. The hard part is convincing businesses that they have more to gain by using the system...or rather that they will be out competed if they don't use the system.
Ahh...I see...The 'stock' that consumers get in hypercapitalism isn't a stock of ownership or voting stock. It is a kind of non-voting prefered stock. Really it is more like an airline mile. It doesn't affect what dividends are paid or the cap table.
..and I'm all for profit. I think it is a great thing....I just also think there is an advantage to it being a time bound great thing. You made a profit! Awesome! Good for you! Now use it for the greater good or give it back(slowly...but still...)
I love your counter-parable. It does an awesome job of showing what massively complicated thing we are discussing. Land, money, consumables, exponentionables(your seeds), all have very different characteristics and drivers. Interest, investment, production, savings all are slightly different ways of talking about some of the same concepts.
I'm trying to get to the bottom of this statement and am having some issues:
The role of money is to make such long chains implicit; a positive real interest rate reflects that such chains are possible for most goods, and any exceptions will increase in price faster than interest accumulates.
Could you unpack it some more?
You can correct me where I'm wrong, but I... (read more)
You point out yourself that money is (in this context) is just a measure, an medium of exchange. It is NOT the same thing as the underlying value. Now, to "get more" I would want to get more value and you're promising me just more money. The point is that an economy produces some amount of value and that's all you have to redistribute. You can make money spin faster, but that will not increase the value produced -- all you'll do is increase inflation.
Do you think that the current economy is ginning at an optimal output? How much slack would you guess there is? How much GDP is currently... (read 857 more words →)
Here is a video where I present a more 'real world' scenario. And I mean real world in the loosest sense. In it there are 3 actors that all have their role to play and the fallout is interesting.
https://vimeo.com/user17783424/review/115279592/1bb88f885d
Ultimately It would be cool to build a super detailed economic mode. I also think it would be cool to hook it up to something like World of Warcraft.
I do need to do a better job of 'thinking evil' because we all know there will be people that try to break the system and use its weakness for gain. The retiring farmer issue is a real problem and I've tried... (read more)
Increase the decay rate and people move money faster and more cash comes out of the economy which keeps deflation from happening.
Things are ok if the economy recovers. In the event of a near extinction event we'll have bigger problems.
This is a great comment and I've been thinking about it for most of the day. Just wanted to let you know I'm thinking on it and will respond in a bit.
Can you explain more? Currently I don't care where an apple came from as long as two apples are the same to my perception. If I have a known reason why apple A is made in a more responsible way than apple B, I have no real incentive other than guilt to guy A over B. Under hypercapitalism you would favor A. Now B could lower their price...is that your concern?
I'm not sure where the assumption that rent rates are static comes from. Economic rent just is. It can vary all over the place. if someone comes up with a magic brain cancer pill that can... (read more)
I posted a stupid question a couple of weeks ago and got some good feedback.
@
Analysis:
http://www.hypercapital.info/news/2015/4/19/a-published-model-of-hypercapitalism
Runnable Code - fork it and mess around with it:
http://runnable.com/VTBkszswv6lIdEFR/hypercapitalism-sample-economy-for-node-js-and-hello-world
I'd love some more feedback and opinions.
A couple of other things for context:
hypercapital.info - all about hypercapitalism
Overcoming bias about our money
Information Theory and the Economy
Does anyone here have kids in school and if so how did you go about picking their school? Where is the best place to get a scientifically based 'rational' education.
I'm in Houston and the public schools are a non-starter. We could move to a better area with better schools but my mortgage would increase 4x. Instead we send our kids to private school and most in the area are Christian schools. In a recent visit with my schools principal we were told in glowing terms about how all their activities this year would be tied back to Egypt and the stories of Egypt in the old testament.... (read more)