1:09:02 Protocol Labs is building infrastructure projects and CoinList to create value for users, while Ethereum is upgrading its entire system and creating a lab with massive implications, and the challenge of correctly attributing rewards to agents participating in endeavors that create or destroy value remains.
- Protocol Labs is building infrastructure projects like IPFS and CoinList to create value for users and the ecosystem, with a focus on long-term investment and innovation.
- The team behind Ethereum has spent a month and a half rethinking the entire protocol from scratch, upgrading the entire system before it goes live, and creating a lab similar to one you would have at a place like Bell Labs, which could have massive implications for the world.
- The credit assignment problem is the challenge of correctly attributing rewards to agents participating in endeavors that create or destroy value, and there is currently no easy way to compute credit assignment on a large scale across all possible projects.
- The speaker is interested in solving the problem of rewarding open-source contributors in a fair and accurate way, and suggests using a function to propagate reward back to all contributors based on their contributions to various projects.
- Using an algorithm to collect feedback and remove humans from the decision-making process can lead to fairer allocation of rewards in companies, grant funding in science, and open source projects.
- A new economic model may be needed to address the challenge of AI and automation in the workforce, and while a fair algorithm for allocating worth is technically possible, the challenge lies in getting people to trust it.