← Back to context

Comment by bix6

21 hours ago

Nice they can poach 3 engineers back from Meta!

Out of all blockchain/AI hype bs, best thing is engineers getting rich

  • Just because they're both hyped doesn't mean they're the same. Blockchain has always (largely) been a solution in search of a problem but LLMs are already being used by everyone and their dog right now.

  • The only thing that can be stated as definitely good is that every person receives as much wealth from the profits of their actions in proportion to the amount of legitimate, valuable effort and vision that they contributed.

    EDIT: ive been rate limited

    I did realize that as I typed that :) that's why I added that extra bit about "valuable effort" and "vision".

    "Valuable effort" to me is a good proxy for "if this action wasn't performed, the profits would not have been made".

    And "vision" is, "you were objectively the person who saw the value of performing some action and stuck to it even when things became tough and other options were available".

    Taken together, these two constraints do a mostly-perfect job of preventing the gaming of the system as described in your boulder example.

    Lastly, if me and my teammate/business partner contributed roughly equally, and sales of our product were $10,000,000, then nobody should be offended when the proposed split is $5,000,000 each

    • Why do you want to reward effort? I’ll just push a boulder uphill all day and accomplish nothing and then come with my hand out.

      Also, in your opinion what is the correct proportion of wealth received to legitimate, valuable effort, and vision contributed? I’d love an answer that is an integer percentage, like “43%.”

      3 replies →

  • And, down the road, after the bust finishes, these rich engineers will seed the next thing. Assuming the world still needs engineers.