Human intelligence is largely externalized, contained not in our brain but in our civilization. We are our tools — our brains are modules in a cognitive system much larger than ourselves. A system that is already self-improving, and has been for a long time.
…intelligence — books, computers, mathematics, science, the internet — than biological intelligence. On an individual level, we are but vectors of civilization, building upon previous work and passing on our findings. We are the momentary transistors on which the problem-solving algorithm of civilization runs.
When we speak with these institutions, they tell us that the number one thing preventing them from getting started is the existence of a digital asset custodian that they can trust to store client funds securely.
…digital assets (including family offices, sovereign wealth funds, traditional hedge funds, and more). By some estimates there is $10B of institutional money waiting on the sidelines to invest in digital currency today.
But there was a huge challenge. To build such a platform, the company had to be world class in three distinctly different disciplines: music, advertising, and technology. Steve already had the expertise in music and advertising, but technology was the key and that’s whe…
Steve thought: What if there were a platform that instantly enabled musical artists to market themselves globally as effectively as the top technology companies market to their customers? Such a platform would free musicians from dependencies on the old model while increasing their income tenfold. It would create unprecedented intimacy between artists and fans, while making artists truly independent.
This gave Steve another idea. Musical artists themselves were brands. Brands that were just as important to their fans as comparable corporate names like ESPN were to their customers. But there was a problem: In a world where leading-edge companies like Facebook and Google knew every detail of their customers, right down to what they read in the last five minutes, even the biggest stars in the world knew embarrassingly little about their fans. In fact, most artists didn’t even know their fans’ names.
I now take causal relations as the fundamental building block that of physical reality and of human understanding of that reality, and I regard probabilistic relationships as but the surface phenomena of the causal machinery that underlies and propels our understanding of our world.
In retrospect, my greatest challenge was to break away from probabilistic thinking and accept, first, that people are not probability thinkers but cause-effect thinkers and, second, that causal thinking cannot be captured in the language of probability; it requires a formal language of its own.