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Hugo Nguyen
@hugohanoi
Stuff like this shows how insanely powerful evolutionary pressure is. Same with money. Grokking Bitcoin is about respecting thousands of years of selection pressure: what kinds of objects ppl gravitate to for storing wealth, and what are the common denominators of those objects?
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Science girl
@gunsnrosesgirl3
Look at the wings of this fly It’s called Goniurellia tridens, and each wing has a detailed image of an ant, most of its predators would want to avoid a confrontation with the painful stings of ants 1/🧵 Image sources 1.bit.ly/3l69Z6J 2. bit.ly/3PcKsXo
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Hugo Nguyen
@hugohanoi
PoW = emulating unforgeable costliness of gold Fixed supply/ease of transport/verifiability/etc = humans’ evolved preference for these types of assets for storing & exchanging values Physical AND social phenomena crystallized into code.
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Hugo Nguyen
@hugohanoi
And just like how insects cannot fully fathom why they are the way they are, I assume many of our ancestors didn’t fully grok why they favored collecting particular objects. But these things get passed down from generation to generation regardless. Emergent intelligent designs.
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Hugo Nguyen
@hugohanoi
These emergent intelligent designs are wiser and smarter than any groups of PhDs you can assemble from the best universities in the world. To think you can outclass a process forged through thousands of years of trials and errors, of real blood and tears, is hubris at its peak.
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Hugo Nguyen
@hugohanoi
In some ways, the way things evolved through continuous selection pressure is similar to the way AlphaZero evolved: through self-plays unencumbered by human biases. This process typically yields things that are not just outside the range of our insights, but decidedly better.
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Hugo Nguyen
@hugohanoi
Stumbled upon this stunningly brilliant game between AlphaZero and Stockfish, after I watched The Queen's Gambit (thanks to Youtube's stealthy recommendation engine). It's an objective lesson in human biases. Incredible. youtube.com/watch?v=nPexHa
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Hugo Nguyen
@hugohanoi
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@hugohanoi
Back to money: so any attempt at creating a new form of money that disregards the long evolutionary process of good money, is empirically an inferior solution and doomed to bust. This includes all forms of PoS currencies, such as fiat, UST or Ethereum 2.0 (if it actually ships).
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