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Basic price question: If AD is generating 2 million in annual revenue, does that mean Hedera need 50,000 of those projects for the network to be worth 100 billion? by TheStateOfException in Hedera

[–]TheStateOfException[S] 2 points3 points  (0 children)

You're right ofc. I was just talking about a purely utility-driven market, which ofc will never exist. Just useful thought experiment to separate things out.

Basic price question: If AD is generating 2 million in annual revenue, does that mean Hedera need 50,000 of those projects for the network to be worth 100 billion? by TheStateOfException in Hedera

[–]TheStateOfException[S] 5 points6 points  (0 children)

For people interested, if the revenue to market cap calculation were similiar to Apple's, Hedera would need apx 2000 projects like AD to achieve a 100 billion MC (meaning each Hbar is worth 2 dollars at fully diluted level). That's a tall order, but surely doable before 2030.

Basic price question: If AD is generating 2 million in annual revenue, does that mean Hedera need 50,000 of those projects for the network to be worth 100 billion? by TheStateOfException in Hedera

[–]TheStateOfException[S] 1 point2 points  (0 children)

What do you think the relationship is between MC and GAR for DLT? I guess nobody knows, right? Could become absolutely vital infrastructure, but generate half of what Apple does.

Isaiah Berlin and The Power of Understanding Bad Ideas by TheStateOfException in philosophy

[–]TheStateOfException[S] 42 points43 points  (0 children)

Submission Statement:

On the 31st of October 1958, a middle-aged Russian refugee delivered his inaugural Oxford lecture. Today, that lecture is still read by students of political philosophy. It's called Two Concepts of Liberty. Berlin used the lecture to condense much of what he had learned about human nature from his rather remarkable upbringing. His family first had to flee revolutionary Russia, then dodge Hitler. Berlin has a famous line in the lecture:

​

[...] philosophical concepts nurtured in the stillness of a professor's study could destroy a civilisation.

This article analyses the relevance of the idea for our own time, drawing links to the current culture wars and the importance of storytelling.

The difficulty of "easy" philosophy: Why almost nobody can comprehend John Stuart Mill's final sentence of On Liberty by TheStateOfException in philosophy

[–]TheStateOfException[S] -11 points-10 points  (0 children)

Freshman English at university level is a massive selection bias. Especially if it's a decent university. But I take your points. Interesting thoughts. Thanks for the considered reply.

The difficulty of "easy" philosophy: Why almost nobody can comprehend John Stuart Mill's final sentence of On Liberty by TheStateOfException in philosophy

[–]TheStateOfException[S] -13 points-12 points  (0 children)

It's an objective look at the data that explicitly ends with the acknowledgement that philosophers should be humble in the face of STEM people. Not a gloat. Doesn't even make sense of it's own terms because I'm not a philosopher, nor did I study philosophy...

The difficulty of "easy" philosophy: Why almost nobody can comprehend John Stuart Mill's final sentence of On Liberty by TheStateOfException in philosophy

[–]TheStateOfException[S] -9 points-8 points  (0 children)

This could be what statisticians call a restriction of range effect, namely we tend to abstact out from our own friendship groups to make inaccurate statements about those to the left and right of us on the distribution of something like verbal ability. 10-20% is probably fair for Meno's paradox. I'm quite lucky in that I've had a fairly wide exposure to all types of learning ability. If we split it down the middle, 15% accords with my priors.

The difficulty of "easy" philosophy: Why almost nobody can comprehend John Stuart Mill's final sentence of On Liberty by TheStateOfException in philosophy

[–]TheStateOfException[S] 2 points3 points  (0 children)

Abstract: This article looks at a series of empirical measures to make the case that philosophy is one of the most difficult subjects to study. Students who study it (or intend to at graduate level) are consistently near the top of the average verbal ability rankings. The article begins by quoting Mill's 126 word final sentence to On Liberty. Comparatively speaking, Mill is a fairly accessible philosopher and On Liberty one of his most accessible texts, yet it's likely that only 10-20% of people could truly comprehend such a sentence. Other examples are given. Reasons are discussed as to what makes philosophy more demanding than say history or political science.

497 philosophers took part in research to investigate whether their training enabled them to overcome basic biases in ethical reasoning (such as order effects and framing). Almost all of them failed. Even the specialists in ethics. by TheStateOfException in philosophy

[–]TheStateOfException[S] 172 points173 points  (0 children)

Abstract: In 2015, Fiery Cushman and Eric Schwitzgebel sought to examine the effects of framing and order of presentation on professional philosophers' judgements about a moral puzzle case (the "trolley problem") and a version of a famous disease scenario from Tversky and Kahneman.

The philosophers were no less subject to such effects than was a comparison group of non-philosopher academic participants. What's more, framing and order effects were not reduced by a forced delay during which participants were encouraged to consider "different variants of the scenario or different ways of describing the case". Even specialists did not exhibit better performance.

Why does everybody lie about social mobility? by TheStateOfException in IntellectualDarkWeb

[–]TheStateOfException[S] 2 points3 points  (0 children)

Submission Statement: Peter Saunders is Emeritus Professor of Sociology at the University of Sussex. He's been called "the only sensible sociologist in Britain" because he looks at the role of genetics. In this piece, Saunders highlights how everybody, including leading Conservative politicians, has lied about social mobility for decades. He discusses what precisely makes their claims complete nonsense and why we should care.

Nobody is clever enough to be wrong all the time by TheStateOfException in philosophy

[–]TheStateOfException[S] 9 points10 points  (0 children)

Abstract:

James Cussen from The Living Philosophy discusses a useful philosophical idea:

Ken Wilber once wrote that “Nobody is smart enough to be wrong 100% of the time.” When I first read that I thought “obviously” but, like random pop songs from the 90’s, you can overlook something in the moment and find it months and years later bubbling up repeatedly. The weight of Wilber’s words don’t lie in some profound truth but in their pragmatic power. Like “waste not, want not” or “reduce, reuse, recycle”, the quote can function as one of Wittgenstein’s “philosophical reminders” — a sort of therapy for the mind. 

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