Imagine if people from the 1300s were here on Twitter with the rest of us, talking exactly like present-day Twitter users
"smh 🙄 I'm literally exhausted by all these people who don't understand bad humors"
Consider that the apex of any present-day field of study is likely the top of a ladder that spans from hundreds of years ago to today, and that naïve assumptions about said field might not differ greatly from our medieval poaster's
Further, consider that it is impossible for anyone to grok hundreds of years' worth of insights for *every* field within one lifetime, no matter how much we can compress them
Hopefully this better illustrates the potential virtue of "levels"
If you're a subject matter expert, in a very limited sense you're a time traveler. You've internalized insights relevant to your field of expertise that took hundreds of years for humanity to accumulate
And yet here I am, none the wiser about any of this, polluting your replies
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> The threshold is set to provide an extremely high level of accuracy and ensures less than a one in one trillion chance per year of incorrectly flagging a given account.
The story many are familiar with goes like this: because BlackRock and Vanguard are so dominant in the asset "management" space, they can charge low fees but make it up on volume
This is true, and leads to further consolidation as investors focus more and more on fees
Jack Bogle himself called this out in a WSJ op-ed as an area for concern with passive funds - size would lead to lower fees, fewer players could compete, leading to a feedback loop of more concentration and dominance as big players grew bigger
The ideal social media network for me would eliminate or significantly reduce the game of positioning yourself above others as if you were at the pinnacle of knowledge/skill in something
It would be built in - by virtue of you being here, you're on my level & we eschew the game
An illustration using first impressions of COVID:
Level 0: COVID is just the flu because that's the only mental box I have for it
Level 1: Experts told me COVID is bad
Level 2: eXpOnEnTiAL GrOwTh
Level 3: We know ~nothing, maximal caution until we know something, then reevaluate
There are variants of each of these levels, there are more levels, I'm not at the top level, top level != Cosmic Truth, etc
But it is exhausting watching people skirmishing over the levels instead of people at each level iterating, learning, & reaching for higher levels together
If you've followed @profplum99 for a while, here's an overall summary of the episode
If you're not familiar with his work, you can skip this - I don't think you'll quite get the rich flavor of Mike's ideas (though it's a great, short summary for those who know his general pitch)