Is Peter being dishonest, or just glossing over things?
Basically creating this new payment system from scratch, which was one of these Holy Grail type of things that a lot of people had been focused on. The basic thought was if you could lessen the control of government over money and somehow shift the ability of people to control the money that was in their wallets, this would be a truly revolutionary shift.
He makes it sound like that's what he intended from the get go, but it took them a bunch of major changes in concept to land in the business they're in.
Regarding technological singularities, even super-human intelligences remain bound by the laws of physics, and therefore laws limiting computational complexity.
Why are the concepts 'the singularity', standing for an endless, unpredictable period of technological growth, and the more reasonable advent of super-human-AI, munged together?
When Paypal was first starting up, I saw Luke Nosek give a demo that involved creating an email account for russiandrugdealer@hotmail.com and sending $10 to it. I think they've got a pretty credible claim to libertarianism.
Why are the concepts 'the singularity', standing for an endless, unpredictable period of technological growth, and the more reasonable advent of super-human-AI, munged together?
Because one view of the singularity idea is that, from the perspective of us puny human intelligences, the "more reasonable advent of super-human-AI" will be indistinguishable from "an endless, unpredictable period of technological growth". (The rate of growth may seem quite reasonable/predictable to the super-human-AIs, though.)
Basically creating this new payment system from scratch, which was one of these Holy Grail type of things that a lot of people had been focused on. The basic thought was if you could lessen the control of government over money and somehow shift the ability of people to control the money that was in their wallets, this would be a truly revolutionary shift.
He makes it sound like that's what he intended from the get go, but it took them a bunch of major changes in concept to land in the business they're in.
Regarding technological singularities, even super-human intelligences remain bound by the laws of physics, and therefore laws limiting computational complexity.
Why are the concepts 'the singularity', standing for an endless, unpredictable period of technological growth, and the more reasonable advent of super-human-AI, munged together?