Ok, my above comment is pretty badly written and I’m not sure I’m right and if I’m right I don’t think I’m right for the reason stated. Linda may be right, but I don’t agree.
In particular, I don’t answer this:
“In a centralised system Charles only have to convince the unified grantmakers that he is better, to stay on top. In a de-centralised system he has to convince everyone.”
I’m describing a situation of bad first movers and malign incentives, because this is what should be most concerning in general to EAs.
I think an answer is that actually, to start something, you shouldn’t have to convince everyone in a decentralized system. That seems unworkable and won’t happen. Instead, the likely outcome is that you only need to convince enough people to get seed funding.
This isn’t good because you have the same adverse selection or self selection problems as in my comment above. I think that for many services, first mover/lock-in effects are big and (as mentioned, but not really explained) there is malign incentives, where people can entrench and principled founders aren’t willing to wrestle in the mud (because their opportunity costs are higher or the adversarial skills are disjoint from good execution of the actual work).
Ok, my above comment is pretty badly written and I’m not sure I’m right and if I’m right I don’t think I’m right for the reason stated. Linda may be right, but I don’t agree.
In particular, I don’t answer this:
“In a centralised system Charles only have to convince the unified grantmakers that he is better, to stay on top. In a de-centralised system he has to convince everyone.”
I’m describing a situation of bad first movers and malign incentives, because this is what should be most concerning in general to EAs.
I think an answer is that actually, to start something, you shouldn’t have to convince everyone in a decentralized system. That seems unworkable and won’t happen. Instead, the likely outcome is that you only need to convince enough people to get seed funding.
This isn’t good because you have the same adverse selection or self selection problems as in my comment above. I think that for many services, first mover/lock-in effects are big and (as mentioned, but not really explained) there is malign incentives, where people can entrench and principled founders aren’t willing to wrestle in the mud (because their opportunity costs are higher or the adversarial skills are disjoint from good execution of the actual work).