Abstract Current cryptocurrencies don't satisfy the functions of money, limiting their adoption on a wider scale. Specifically, current cryptocurrencies don't serve as a good medium, measure, or store of value. These limitations stem from the technical and economic realities of current cryptocurrencies. Specifically, they have slow transaction times, volume limitations, and high volatility. This post … Continue reading Value-Stable Cryptocurrency
Incentivizing the Long Term
Corporate governance has issues with the long term. Increasingly, corporate management is forgoing long term investments in R&D and employee training in favor of short term increases in profitability. This is motivated by the decrease in average holding time of stocks (8 years in 1960 to 4 months in 2016) in conjunction with cultural shifts … Continue reading Incentivizing the Long Term
Value Deconfliction
Continuing from the previous post, I'd like to venture from a discussion of what is, into a discussion of what ought to be. This post will focus on the following question: Given an arbitrary value matrix, what actions can be taken to most successfully maximize future utility? Here, future utility is defined as the time … Continue reading Value Deconfliction
The Value Matrix
In this post, I frame human behavior as a system based on reinforcement learning, whose reward function is based on a "value matrix" that translates external stimulus into an internal sense of good or bad. Under this framework, any given action can be viewed as several discrete steps: Perception Given external stimulus - the raw … Continue reading The Value Matrix
