Once CBDCs become a thing, citizens should have the ability to have direct credit relationships with the central bank.
We can then transition from a cash based monetary system to an accrual based one (similar to how businesses do their accounting.)
Public benefits, then, rather than being given out like it is currently (e.g. you get $200 for food stamps) will instead be based on allowing you to draw credit.
So, the eGovCreditCard would for example always allow any citizen to draw $200 per month for food expenses.
Potentially, if we want to do more generous policies a la "UBI," we could add e.g. $1000 always being allowed per month for rent.
Health care similarly, instead of if the archaic and very inefficient system we have now where those on the dole often go to emergency rooms, money is funneled through "insurance", etc... would allow you to draw money for regular doctor care. Maybe at a set maxiumim limit per citizen, e.g. $1M.
Getting rid of cash also requires proper paper work and identification so you can sign up for the CBDC wallet. In that case you're excluding the very people from the system who need it the most.
First time I got good code out of a model, I told my friends and coworkers about it. Not anymore. The way I see it, the model is a service I (or my employer) pays for. Everyone knows it’s a tool that I can use, and nobody expects me to apportion credit for whether specific ideas came from the model or me. I tell people I code with LLMs, but I don’t commit a comment saying “wow, this clever bit came from the model!”
If people are getting actual bombshell breakthroughs from LLMs, maybe they are rationally deciding to use those ideas without mentioning the LLM came up with it first.
Anyway, I still think Gwern’s suggestion of a generic idea-lab trying to churn out insights is neat. Given the resources needed to fund such an effort, I could imagine that a trading shop would be a possible place to develop such a system. Instead of looking for insights generally, you’d be looking for profitable trades. Also, I think you’d do a lot better if you have relevant experts to evaluate the promising ideas, which means that more focused efforts would be more manageable. Not comparing everything to everything, but comparing everything to stuff in the expert’s domain.
If a system like that already exists at Jane Street or something, I doubt they are going to tell us about it.