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bitbutter

@mormo_music

7 Jul

as a layperson, under what circumstances might it be reasonable to be skeptical about the claims of a majority of experts on a subject?

when the incentive structure in that domain is broken

when the 'consensus view' is the product of social engineering; expert dissenters institutionally excluded for plausibly political reasons

when continued gov funding and/or career opportunity looks like it depends on having advanced the 'consensus view'

when you notice that counter-evidence is reflexively dismissed; institutional messaging pretends it doesn't exist. uncertainties not acknowledged.

Read 14 tweets

bitbutter

@mormo_music

10 Mar

@memotv

The site cryptoart.wtf by Memo Akten (@memotv) claims to report the ecological footprint of cryptoart NFTs. But the calculation it’s based on is not valid; we can’t legitimately derive an ecological footprint cost per unit of gas in the way it tries to.

thread

On this page memoakten.medium.com/analytics-the-… Memo explains how the energy cost of a piece of crypto art is calculated on the site. The calculation depends on adding up the gas costs of all transactions associated with the artwork being analysed.

He writes:
“Since the energy required and footprint of mining a block is independent of its contents and number of transactions, the Gas required by a transaction is representative of the portion of a block’s footprint it will incur

Read 28 tweets

bitbutter

@mormo_music

9 Mar

@LBRYcom

hear me out
a video metadata standard designed to allow creators to mint (tradable) patronage NFTs corresponding to a predefined number of patron slots per video. the current NFT holder is credited in-frame (via player overlay elements) by supporting players.

cc @LBRYcom

https://twitter.com/mechanical_monk/status/1367386968603115524?s=19

https://twitter.com/mechanical_monk/status/1367386968603115524?s=19

+ smart contract (suite?) for minting & transferring this kind of NFT. contracts allow buyers to specify how they'd like to be credited (‼️moderation concerns) and transfers some % of trade price to the creator each time such an NFT changes hands (‼️what if the creator's dead?)

Read 5 tweets

bitbutter

@mormo_music

26 Jan

if i had a penny for each time i've been told "a free market could only work if people were perfectly rational" i'd have about three pounds. that's altogether too much.

1/n

it gets things back to front. one of the biggest virtues of a free market is its robustness and anti-fragility. all it needs are plain old *approximately rational* people to give constantly improving results.

a key reason: on a free market gains from choosing well and costs of choosing badly apply in large part to the chooser. he's well incentivised to consider carefully. this is v different to the incentives that choosers face under repdem voting contests.

Read 12 tweets

bitbutter

@mormo_music

24 Jan

if a medical treatment satisfies mandatory government licensing requirements its more likely to be safe than it would be if there were no such requirements, right?

not necessarily. if a government agency claims the treatment is safe (even implicitly, by allowing it to be used), most people are satisfied that it's safe, and the manufacturers aren't under much pressure to do additional safety research.

if the government took no position about the treatment's safety, and it was well understood that the buyer should beware, people would be more cautious.

Read 7 tweets

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