Innovation rather than improvement: a solvable high-dimensional model highlights the limitations of scalar fitness https://arxiv.org/abs/1708.05453
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Replying to @insurrealist
Why the 'paperclip maximizer' is a dead-end speculation. The winning player, by definition, avoids optimizing along any single dimension.
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Replying to @AngloRemnant @insurrealist
Szabo explicitly makes this argument for Bitcoin: trading computational scalability for avoidance of concave downside risk.
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Replying to @AngloRemnant @insurrealist
In the broad evolutionary sense, downside avoidance has to be keeping open the option to cross chasms. Reproducing in huge dimensional space
10:05 PM - 12 Oct 2017
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