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Ryan Sean Adams

๐Ÿ‘ค Speaker
3095 total appearances

Appearances Over Time

Podcast Appearances

Bankless
The Economics of AGI: Why Verification Is the New Scarcity w/ Christian Catalini

Okay, so we have opportunities for meaning makers where verification and automation is hard.

Bankless
The Economics of AGI: Why Verification Is the New Scarcity w/ Christian Catalini

It's kind of the social games type of space.

Bankless
The Economics of AGI: Why Verification Is the New Scarcity w/ Christian Catalini

And that's where the iceberg is actually getting larger.

Bankless
The Economics of AGI: Why Verification Is the New Scarcity w/ Christian Catalini

I mean, there's more surface area for opportunity.

Bankless
The Economics of AGI: Why Verification Is the New Scarcity w/ Christian Catalini

The liability underwriters is kind of that top 1% where they're just massively automating themselves with AI, but they are still providing a lot of value on that verification layer.

Bankless
The Economics of AGI: Why Verification Is the New Scarcity w/ Christian Catalini

There's another quadrant here where verification is easy, but automation is still hard.

Bankless
The Economics of AGI: Why Verification Is the New Scarcity w/ Christian Catalini

You call these the directors.

Bankless
The Economics of AGI: Why Verification Is the New Scarcity w/ Christian Catalini

Is this where like people are doing more artisanal type of tasks, like things only a human can do or like what's in this quadrant?

Bankless
The Economics of AGI: Why Verification Is the New Scarcity w/ Christian Catalini

Okay, so I guess the goal is to be in one of these quadrants, be a director, be a meaning maker, be a liability writer.

Bankless
The Economics of AGI: Why Verification Is the New Scarcity w/ Christian Catalini

If the idea holds that verification becomes very cheap, or sorry, verification is the scarce thing and automation becomes very cheap.

Bankless
The Economics of AGI: Why Verification Is the New Scarcity w/ Christian Catalini

This other quadrant we've talked about already, but I just want to underline that.

Bankless
The Economics of AGI: Why Verification Is the New Scarcity w/ Christian Catalini

That's the displaced workers quadrant.

Bankless
The Economics of AGI: Why Verification Is the New Scarcity w/ Christian Catalini

That's where you don't want to be.

Bankless
The Economics of AGI: Why Verification Is the New Scarcity w/ Christian Catalini

That's where wages drop to the cost of compute.

Bankless
The Economics of AGI: Why Verification Is the New Scarcity w/ Christian Catalini

And certainly no one wants to compete against the cost of a token.

Bankless
The Economics of AGI: Why Verification Is the New Scarcity w/ Christian Catalini

not in this economy.

Bankless
The Economics of AGI: Why Verification Is the New Scarcity w/ Christian Catalini

So if you were to map out the existing economy right now and all of the jobs, let's say in the United States, all the jobs in the United States,

Bankless
The Economics of AGI: Why Verification Is the New Scarcity w/ Christian Catalini

What portion of them are right now closer to this bottom left quadrant of being a displaced worker?

Bankless
The Economics of AGI: Why Verification Is the New Scarcity w/ Christian Catalini

Is that most of the work that we do?

Bankless
The Economics of AGI: Why Verification Is the New Scarcity w/ Christian Catalini

This is the reason for the underlying angst, I think, that people are feeling is because they're sort of worried that they're in the bottom left quadrant and at least a good portion of their work that they do is in that bottom left quadrant.