It's interesting that wise was added here. I can understand practical but when I think about bunches that are authority seeking / grounded I don't necessarily think wise.

I guess wise can mean guided by knowledge. But in some contexts I imagine it also means thinking from 1st principles, and creating new knowledge - I'm not sure the Bundara would excel at this.

In any case, interested to see how this trait develops throughout their conflict.

Cool I like this vibe

Interesting, I hadn't thought the Bundara would be unempathetic by default, but interested to see where this goes.

I like that another Bunch helps with their weaknessess.

this was interesting, at first I thought that uncertainty would be especially challenging for the Bundara, but I guess it also makes sense that at the slightest evidence of uncertainty they would try to get it under control - interested to see how this conflict plays out

predictable and well-structured fun - lol

I like how the principles of their culture permeates their everyday

This unique special ability is a cool idea, interested in visualizing what this looks like - and curious about other unique abilities too

This is cool, I am interested in learning about their ancestors and how this bunch changed overtime (culturally, technologically, etc.) - what does "progress" look like over the course of history for a bunch like the Bundara.

Testing this annotation

inorganically? what about having rigid rules is inorganic? it sounds like you are saying that they are not natural, but they are.

i don't really like these definitions of coordination, and cooperation, but maybe i don't understand them?

this has to be established

form vs. function, format vs. purpose, shape vs us

the question is what do we do and for what purpose? and how is that function going to change? well one idea is that creativity is going to be more important and generating new ideas and combining them together and research will be more important too. that is actually visionary and perceptive of you.

doesn't it in some case? in order for the probabilities to come true. karma.

eh don't the miners kind of own it?

this point is interesting, it really doesn't make a tone of sense, if there is a sensible way to predictably get to the private key from the key phrase, shouldn't you predictably be able to go backwards as well?

this is connected to the private key, so i would guess that there is only one seed phrase that connects to the private key

this is how you can change your behavior in the here and now to get what you believe you should obtain

this isn't not a generally true statement, what about lots of people in somalia, or india, living in the slums, growing up in poverty, perhaps this can be true after a certain point, but it is definitely the case that there is lag, that you may believe in something being in the case but certain environmental conditions need to be met to meet that need

cause i guess this is what i'm doing now, i need to change my investment thinking

so maybe this is the point at which you determine a change in direction, and this is the point that you do a buy / or a sell

this is similar to dalio's point about reacting to the market using decision systems

step

depends what you mean by truth, if you captured the state of the world and all the relationships within it, even on paper, it would be the truth, but would it be simple?

like

step4: capturing the cycle of individual assets consistently, being able to tap into this cycle

step3? every market / asset IS a bubble at some point

the idea is that early speculators are a good thing, because they create resources for things that are actually useful for all sorts of people at a later point

the argument here seems to be that there is a relationship between a highly speculative market, and returns on investment

the same principles are applied

step 2, you have to get your own hands dirty

step 1

some sweet freaking cirteria

it's not the first time i've heard of the importance of discipline and patience when it comes to investing, but i wonder how the design of the market determines this, it's the argument i seem to be hearing here, perhaps it's because impatient people don't think long term, and long term is where real wealth is made, i.e., like holding assets for years and years

so for example, i want to start a company, the question is of course it depends on my behavior, but i should be thinking of what kind of environment do i want to create in order to pursue something like that? what would it take? well what environment is good for that stuff? people who are good at investing and coming up with ideas, education, rapid development, sharing ideas with friends, going to meetups i guess i do that, it's a different way of looking at the problem.

what is a point of no return experience and how do i get it? you get it by really investing in something to a degree that you are compulsed to find it.

i would describe myself in a state of committed to finding out what specific thing to be committed to

the committment piece at least sounds similar to willpower

sometimes what you want is really hard to get...and willpower is the determination and grit and discipline you need to get there

this is an idea that make sense, there is one original copy, and basically anytime anyone wants a copy i guess it is sent from this location, but it sounds like you necessarily make a copy of it in this case. i.e., they have a copy of it on their computer, but maybe there should be some script that is part of the music file, that you have to have the keys to in order to play it, that would make sense, that is an interesting idea.

pride, gratitude, compassion are emotions that leads us to value the future more, rather than using the instruments of logic and willpower. it's an interesting claim. but it's necessarily the case that one has to eliminate the other. you can still use logic and willpower to make those decisions about the future, about the marshmellow, but the reason why is rooted in other people. and it's this social connection that is a really good motivator for people. having an emotional connection to something is more likely to illicit a powerful reaction than just pure logic and willpower. so maybe it's when thinking about the future logic < emotional. well it's two different things. in terms of deciding to discount the future. i would say that logic does allow us to value the future more. but to follow through? i guess pride and compassion helps to increase perseverance as well.

as opposed to going trough some centralized system that mediates, the centralized system is automatic and algorithmic

So in general, there are two main cases for smart contracts so far:

• decentralization in the law where you don't need an intermediate (lawyer, or judge)
• decentralization in the services industry that will perhaps lessen the needs for something like iTunes or amazon to establish trust between buyer and seller

So this is an interesting point. Because I can see it both ways. On one hand, I recall the article that makes the claim that we have centralized parties that we can trust to do this sort of thing, why do we have to have a decentralized way of doing this. I trust iTunes to deliver the music, I trust spotify to deliver the music. Why do I automatically need a decentralized system? On the other hand, there might be a case in which this allows us to interact with parties that we might not normally trust, for example, while i may trust amazon as a centralized party, i may not trust ebay to send me it, or some other local party or like one person on the internet. The advantage here, is that you're moving from a centralized system (siren server type) from a decentralized system of the likes of peer to peer.

So in this case, a smart contract would probs be applied to situations where there is fair probability of litigation, and there are high costs to going to court, so a smart contract is preferable. The natural question, is what types of litigation have the highest probability of litigation, and are perhaps, the simplest in terms of criteria used, and accordingly, judgement passed. You're really looking for an algorithmic type of system.

So this is an interesting point, there is a real cost to going to court to try to get some compensation, so you have to hire a lawyer, you have to sue, you have to take time to make a thing in court, and that takes time and energy and money. The idea here is that you have a neutral third party that is not a judge to ENFORCE, enforce being where the value is added it seems, the contract. But the contracts have to written in such a way that it is flexible enough to not cause messes. And perhaps more importantly, there have to be various conditions that are also adjudicated by the smart contract. So for example, if the contract is an exchange of money, there has to be a way for the contract to understand that there has been such a case where the money being transacted can be tracked, and the smart contract can automatically execute based on those criteria. And that smart contract has to be programmatically connected to this criteria in some way. It's an interesting thought.

what is a trust providing organization? it is an organization like a bank. a bank is some entity you trust to hold onto assets that you own. i guess a hospital you trust to hold on to your medical information. but you don't really pay a hospital to do that directly. with a bank you pay them directly. what are other examples that are similar to a bank? What are some places I give assets to? To hold on for me? Like fidelity I guess, that's a bank as well. And all my investments and stuff. Yes I give them assets as well in terms of stocks to hold on to. And there are small fees for doing that. Although it really hasn't bothered me that much yet.

as opposed to multiple sources coming from different databases that are owned by different members of the process

this seems to be the key for blockchain

i guess these are the three parties involved

How? I guess you can make sure that counterfeit drugs aren't getting into the ecosystem of pharamas in clinics and hospitals. Guess that's an opportunity. And the idea is that you have a shared database that people don't have the ability to alter in some way.

i wonder if it is truly possible to codify legal into code into just a discrete way

this seems like a bold claim. i would rather, at least for some things, pay for a particular thing that i am reading. like on medium for example. but it is true that there are things like spotify or netflix that i would rather just have a subscription to. the idea is that what if i have a question on a particular site, i would pay someone to answer it for me. there is a difference, maybe in usage. if i'm using that service on a regular basis, then i want a subscription. if i'm not, and i see something of value on a given day, infrequently, then i would rather use a micropayment.

this i did not know. i did think that micropayments would be free to clear. but if it 4 cents to process a transaction that is very expensive indeed.

7 transactions vs 60000 transactions per second, and also bitcoin uses 35 times more energy as visa!

the only reason i can think of is fractions of a penny being a worthwhile idea

but really, these are important things that centralized services can afford to do because they are taking a cut. value added services.

yea i tend to agree, i'm not sure anyone is demanding this as a solution to some problem they have. i have heard that blockchain can help with illicit drugs or with land property in places like india, remains to be seen.

What is the cambrian era?

I'm not sure investments / tools is the right dichotomy. In any sense they are investments. But are they investments that are a proxy for the value of the company, or the tokens assets that you can do to facilitate some good or service other than just a valuation.

This is one of the interesting ideas that comes out of cryptocurrency. The idea that it enables people to invest in companies without them having to be accredited investor, which usually have to have large sums of money, or without the need for the company to go public. So people really can get in early.

Psh. Reactionary Art.

this says everyone