You know it’s bad when a TECH person is talking about externalities. The majority of tech people I know simply do not care about negative costs to anything. 

Making Money Is Good
“Progress” Is Good

And they do not care who they hurt, what they damage, or what we lose in the process of those 2 things. 

Perhaps tech bros care about plastic because it’s a consequence they can’t be isolated from. 100% of people, plants and wildlife have to deal with this

You know it’s bad when a TECH person is talking about externalities. The majority of tech people I know simply do not care about negative costs to anything. 

Making Money Is Good
“Progress” Is Good

And they do not care who they hurt, what they damage, or what we lose in the process of those 2 things. 

Perhaps tech bros care about plastic because it’s a consequence they can’t be isolated from. 100% of people, plants and wildlife have to deal with this https://x.com/karpathy/status/1826372336213524715

The Farcaster formerly known as Kchamp. Books, beats, bodybuilding, bright ideas and beautiful things.

katherinechampagne.com

high stakes storytelling | ex @polymarket

I know and I carry a lot of guilt for being complicit in behavior and projects that make the world worse, even if I am not a leader or ultimately responsible

Unsure antisocial behavior is the solution to this problem, nor does that atone for damage done

Focus on yourself king. I think you have sports gambling to promote

playing /bracket, assisting /bracky, talking /greatbooks

crypto

for people who still are grumpy about zero-sum games in crypto and skeptical that they can ever lead to positive-sum value... 

...study what's going on before our eyes with @polymarket

Crypto itself is nothing other than a proof of how allowing a group of people pursue their narrow self-interest (mining) can produce positive sum goods for everyone (credibly neutral infrastructure, globally) when it’s arranged well

Why can’t apps in crypto follow this path?

Crypto itself is nothing other than a proof of how allowing a group of people pursue their narrow self-interest (mining) can produce positive sum goods for everyone (credibly neutral infrastructure, globally) when it’s arranged well

Why can’t apps in crypto follow this path?

https://warpcast.com/tldr/0x5db49761

@keccers.eth - I think you’re right that sometimes tech and industry in general and crypto in particular have very negative externalities

But to be fair, we shouldn’t ignore when positive externalities are produced

As to whether things like “gambling” are in their bad by nature I pass the phone to @kia

quick tap back in for gambling (while stuck underground on R): people have been betting since the gladiators: people shouldn’t be villainized for how they choose to spend their time and money. 

apps building better ways (social, onchain, games) should be celebrated.

we all live on the river @keccers.eth, read the book

quick tap back in for gambling (while stuck underground on R): people have been betting since the gladiators: people shouldn’t be villainized for how they choose to spend their time and money. 

apps building better ways (social, onchain, games) should be celebrated.

we all live on the river @keccers.eth, read the book  https://open.spotify.com/show/2H57oQFCKiykdfGg97iGDg?si=QFiTf3jgTyi22WObjTXP9g

Agree with the basic point that many people like to try to prove they know something. It’s fun!

And also @kia has a philosophical take on the deeper necessity of speculating as a human action, which I think you both may find interesting

thanks for the microphone 

speculation and gambling are not synonymous. 

speculation is just how humans navigate the world because we don't have enough compute power to reason about the world with certainty even if it is fully deterministic at our scale. 

*everything* you do is speculative. but since y'all are probably talking about orderbooks, markets and prediction markets I've written about how those are positive sum too. 

@keccers.eth @goldytalks

This is a wonderful article. And I found this excerpt below especially useful for our conversation, and insightful from an individual psychological perspective.

I would add something interesting to your observation: the imitation of speculative behavior within games may also serve as a legitimate way to build those muscles and insights for the higher level application of probabilistic thinking to the real world, via markets.  

I think something we came to at Ted's brunch (if I'm remembering correctly) is that it's not a bad idea to judge the zero-sum, simulated game version of speculations ("gambling") by what they produce as externalities.

IMO, if we are unwilling to use games to create positive externalities, we lose a major asset in our creative toolset.  One thing that tech entrepreneurship has taught us is that the most massive successes almost always begin as "toys".

thanks for the microphone 

speculation and gambling are not synonymous. 

speculation is just how humans navigate the world because we don't have enough compute power to reason about the world with certainty even if it is fully deterministic at our scale. 

*everything* you do is speculative. but since y'all are probably talking about orderbooks, markets and prediction markets I've written about how those are positive sum too. 

@keccers.eth @goldytalks 
https://paragraph.xyz/@kia/speculation