and perfect vs imperfect information - the policy network has to forecast enemy positions and deduce enemy goals. At least in Go you know full game state
He was daring a human-managed fund to outperform S&P500. I don't think Warren is an authority on market's microstructure and quant trading, which these companies exploit.
Basically on very quick trades machines outperform humans. For long term investment a prediction market (stock market index) outperforms humans and machines.
I think it was in f.lux's blog that while f.lux does reduce amount of blue light, apple's built-in night mode (the one on your iphone for example) didn't.
> You still have to trust whoever created the rules and wrote the code (from maliciousness and errors).
100% agree with you. Seems like a bunch of people are neglecting this factor or misunderstanding what they are buying into.
Blockchain is not 'distributed trust'. In practice, blockchain centralizes trust. You trust your bitcoin wallet to correctly send money to the addresses that you supply, and correctly generate receiving addresses.
There is only one thing to audit/trust now - the bitcoin protocol and its implementation - instead of studying how modern banking and legal systems work. You trust one thing instead of trusting dozens of middlemen. While this sounds like a non-issue to those who live in "first world" countries like USA and only transact internally, it is a big deal for international transactions and some of the less developed economies.
you can't easily make a million from a single dollar that you can double spend. having lots of crypto surely helps reduce the time it takes to satisfy your greed.
This is exactly the point. A risk averse strategy is optimal for areas of a business that you do not have expertise in. If hiring isn't the thing you do best (supposedly your strengths are writing and selling software) then it makes sense to pick a hiring strategy that doesn't cause disruptions.
Imagine soviet government running Hadoop MapReduce jobs and using "big data" to drive GOSPLAN? Would be a marvel to watch this soul-crushing efficiency machine.
Fast forward to 2018, and we have Windows Subsystem for Linux, and a very popular BSD in silver aluminum cases made by a fruit company, dominate the desktop market. You could say that the year of linux on desktop is today (in some perverse modified form, but nonetheless).