COINBASE for Crypto has come

[vimothy]

yeah the basis of the field is really modelling social welfare as a mathematical optimisation problem. so you can offshore difficult moral problems about the distribution of resources onto an apparently objective formal system.

 

[vimothy]

but I agree ofc that it's useful to have a model of how all of the various moving parts in the economy relate

 

[vimothy]

and economics even with its flaws can provide that, but it is flawed

 

[Clinamenic]

Yeah I think it can be approached as a soft science, and prove useful, as you say.

 

[vimothy]

personally I dont even like the idea that it's a soft science

 

[Clinamenic]

I tend to think of discourses that rely, even imperfectly, on data and models as being at least soft sciences, maybe with some flimsy exceptions, but I could be convinced otherwise re: economics.

 

[Clinamenic]

In my mind, anything softer than soft science gets into the territory of philosophy. Still could be rigorous, just way more ambiguous.

 

[Clinamenic]

To be hard almost means epistemologically conservative, and soft almost means liberal, in terms of how far one is willing to stray in logic from what is intersubjectively obvious, i.e. relatively highly agreed upon and reproducible.

 

[vimothy]

I think soft sciences are generally academic fields where society is treated like a piece of technology, and I dont think that's the correct approach. you can look at these things in the way econ does, but you're fooling yourself into thinking that a formal model can provide the answers

 

[Clinamenic]

I think soft sciences are generally academic fields where society is treated like a piece of technology, and I dont think that's the correct approach. you can look at these things in the way econ does, but you're fooling yourself into thinking that a formal model can provide the answers

Yeah I agree, that the humanities often seem to employ an epistemology better suited to the physical systems of hard science.

Personally, and I suspect my opinion here could change drastically over time, I just don't think we are there yet, in terms of understanding psychological phenomena, and by extension human social and economic phenomena, in terms as hard as those in which we understand physical systems.

I think technology will help, i.e. more data and better data analysis, but I also think we will benefit from some number of future paradigm shifts in terms of how we approach the humanities.

I still suspect much of this boils down to how consciousness is a deep black box as far as hard science is concerned, and consciousness is a sort of supervenient bottleneck that is somewhat upstream from the humanities, insofar as the humanities are predicated upon consciousness as a phenomenon.

 

[Clinamenic]

Yeah I agree, that the humanities often seem to employ an epistemology better suited to the physical systems of hard science.

I.e. thinking in terms of action-reaction causal relationships, deterministic chains of such events, etc.

 

[Clinamenic]

We may not be far away from being able to use social media posts as collateral for loans. I'm watching a Defiant video on Lens Protocol, and this possibility was brought up.

 

[toko]

@Clinamenic u on twitter?

 

[Clinamenic]

I only have a deepfake pseudonymous account, but I'm about to make one with a consistent handle.

 

[toko]

I only have a deepfake pseudonymous account, but I'm about to make one with a consistent handle.

based

 

[toko]

well add me when u get one @toko_testudo. it can be from ur alt or whatever

 

[Clinamenic]

I see you follow Lens protocol, have you looked into them much? Could be really interesting, an infrastructure for blockchain apps to integrate shared social data.

 

[toko]

no, i've seen it around I think but havent gotten to reading their documentation. looks cool though will check it out

 

[Pandiculate]

Solana Stablecoin Project Cashio Plummets to Zero After Multi-Million Dollar Hack - Decrypt

Cashio, a Solana-based stablecoin project, has been looted for millions after attackers leveraged an “infinite mint glitch.”

decrypt.co

 

[Clinamenic]

Yeah I haven't heard of a stablecoin crashing to zero before, but maybe there have been other examples. Perhaps theres an argument to be made for cold-storage collateralization of these treasury-backed stablecoins, but here the problem seems to have been faulty protocol coding as far as the minting was concerned.

Fascinating stuff.