@ameensol if the economics were structured properly, the first mover advantage would be unassailable. instead, bitcoiners think having the best narrative will save them and ethereans think having the most decentralized technology will save them. but everything is still up for grabs

@pumatheuma @drakefjustin If there's a bug in a native rollup's validity logic (circuits, guest program, or zkVM), how do they recover? L1 hard fork?

@PaulGodsmark @yeeeeezos It's easy to get a UBI up and running if you rely on the existing payroll system. Just raise income taxes, but grant a transferable tax credit for each employee. On the day AI replaces your job, your company will keep paying you so they can sell the tax credit.

@MTabarrok The story isn't much better if the constraints are GPUs or datacenters. You can use power for your labor, but no computers. That eliminates all knowledge work, but maybe we'll find some steampunk work to do for the machines.

@hudsonjameson TCRs never went away, we just call things optimistic now. UMA, the oracle that powers Polymarket, is totally a TCR. Optimistic rollups with decentralized sequencers are close to TCRs.

Local currencies let you organize rents and taxes without controlling land. You can build loyalty networks with them. The closest comparisons are credit card reward programs in the US and the LVGA local currency in Lugano, Switzerland. Instead of the government using taxes to make land more valuable, the loyalty network uses membership fees, transaction fees, and inflation to fund benefits that attract more members. Instead of owners building structures on land they lease from the government, business owners offer goods and services to customers they "lease" from the loyalty network by paying fees. These payments substitute for other marketing expenses, like ads.

@gbrl_dick @PavelSnajdr @CyberdyneC Automation is currently expensive and brittle. It will soon be cheap and adaptable. Like engines completely displaced animals and humans for powering transportation, so will intelligent machines completely displace humans in production. Do you have a counterexample?

@gbrl_dick @PavelSnajdr @CyberdyneC What will the jobs be? All production will be automated. That leaves jobs that require humans by definition, like competing in sports and games, cultural performances, and hospitality. Demand for this labor won't automatically match the population, so spending must be compelled.

@gbrl_dick @PavelSnajdr @CyberdyneC Agreed. I think a better model is a *members* basic income where a club pays the members it chooses. Club funders get a tax deduction, so if you're rich and don't fund a club, your taxes go up to fund the safety net UBI. Most people earn their spot in a club, but no one starves.

@jessepollak @brian_armstrong @base for investors: alpha for everybody: rewards

@gakonst it'd also be great if cheap storage proofs were as resilient to hard forks as deposits and withdrawals are. they're very brittle today

@_jxom @pedrouid @xenoliss more context here in our docs:

RT @divyasiddarth: unlike u all i am not worried that 'humanity is cooked' bc i know a secret (there is infinite beauty and goodness in eac…

@gfodor I think something like a job guarantee is a better approach: the wealthy need to pay everyone to do something, and if they fail to do so, the government will tax them to do it.

@meedabyte @shl @dgrcode those three months will be a golden age for software architects

I'm glad my kid isn't old enough for me to have to decide whether letting him talk to AI Santa is naughty or nice