Elon Musk & Neuralink

[jamesg46]

Elon was on Joe Rogan's podcast this week, discussing his recent Tweets, his new baby & most interesting to me Neuralink.

https://youtu.be/RcYjXbSJBN8

[Kafkaesque]

Elon was on Joe Rogan's podcast this week, discussing his recent Tweets, his new baby & most interesting to me Neuralink.

https://youtu.be/RcYjXbSJBN8

Saw it last night and agree that the neuralink talk was blow your mind stuff.

Clearly his on the face of it extremely optimistic deadlines are as much to push himself and his people to the max, but history shows you should dismiss him at your peril imo. 5-10 years until we can communicate via neuralink-type tech instead of words is just such a weird thought. Even if he's too optimistic and it's 15-20 years, still crazy.

People - or traders that is - better start setting money aside. Anyone left clicking a mouse when this becomes available will have no chance

[PeterLe]

Given the advances we have made in the last hundred years, I wouldn't discount a form of Neuralink happening in the next hundred! It seems a bit far fetched, but so did manned flight 120 years or so ago
Thanks for posting, Ill have a listen during the week

[jamesg46]

Elon was on Joe Rogan's podcast this week, discussing his recent Tweets, his new baby & most interesting to me Neuralink.

https://youtu.be/RcYjXbSJBN8

People - or traders that is - better start setting money aside. Anyone left clicking a mouse when this becomes available will have no chance

This was one of my first thoughts, the level at which most people operate at in terms of consciousness is very low & the level at which the majority evolve their consciousness is very low... Neuralink would change that overnight, obviously for the people that can afford it. From a trading perspective, surely the markets would become so efficient that they would no longer be tradeable, it would be pretty much like a manual trader trying to trade agaisnt the high frequency algo's, pretty much impossible & if brains communicated without speaking then once any edge was found it would be instantly given away, would it not? All that being said, the opportunity would surely dilute any downside.

[jamesg46]

Given the advances we have made in the last hundred years, I wouldn't discount a form of Neuralink happening in the next hundred! It seems a bit far fetched, but so did manned flight 120 years or so ago
Thanks for posting, Ill have a listen during the week

You're welcome, i'm sure you will enjoy it. It's sent me down a bit of a rabbit hole & lead me to a book called A Mathmatical Theory of Communication so it's already given me a new area to delve into and enjoy.

[trad1ngbull]

People - or traders that is - better start setting money aside. Anyone left clicking a mouse when this becomes available will have no chance

This was one of my first thoughts, the level at which most people operate at in terms of consciousness is very low & the level at which the majority evolve their consciousness is very low... Neuralink would change that overnight, obviously for the people that can afford it. From a trading perspective, surely the markets would become so efficient that they would no longer be tradeable, it would be pretty much like a manual trader trying to trade agaisnt the high frequency algo's, pretty much impossible & if brains communicated without speaking then once any edge was found it would be instantly given away, would it not? All that being said, the opportunity would surely dilute any downside.

Can both of you elaborate, please?

[Kafkaesque]

People - or traders that is - better start setting money aside. Anyone left clicking a mouse when this becomes available will have no chance

This was one of my first thoughts, the level at which most people operate at in terms of consciousness is very low & the level at which the majority evolve their consciousness is very low... Neuralink would change that overnight, obviously for the people that can afford it. From a trading perspective, surely the markets would become so efficient that they would no longer be tradeable, it would be pretty much like a manual trader trying to trade agaisnt the high frequency algo's, pretty much impossible & if brains communicated without speaking then once any edge was found it would be instantly given away, would it not? All that being said, the opportunity would surely dilute any downside.

Can both of you elaborate, please?

To the question "What is the timeframe for humans being able to communicate without words?" Elon Musk's answer was 5-10 years if the technology continues to develop (and after a bit more thought, corrected himself to closer 10 years).

Logically if sending a thought from brain to brain without needing it to go from brain to mouth is a near future possibily, then going from brain directly to computer/server/whatever instead of from brain to hand (and by extension mouse click) can't be far behind. If you're using a mouse and see a fat finger mistake price available at the same time as someone with the tech available, it would be long gone by the time you've clicked the mouse. Other have posted the minimum psysical response time before I'm sure and it's significant enough to be a game changer.

[Big Bad Barney]

To the question "What is the timeframe for humans being able to communicate without words?" Elon Musk's answer was 5-10 years if the technology continues to develop (and after a bit more thought, corrected himself to closer 10 years).

Logically if sending a thought from brain to brain without needing it to go from brain to mouth is a near future possibily, then going from brain directly to computer/server/whatever instead of from brain to hand (and by extension mouse click) can't be far behind. If you're using a mouse and see a fat finger mistake price available at the same time as someone with the tech available, it would be long gone by the time you've clicked the mouse. Other have posted the minimum psysical response time before I'm sure and it's significant enough to be a game changer.

Computer to computer will always be faster won't it? I don't think speed is a manual trader's edge?

The way I see it say 20 years from now. A manual traders edge will be seeing information a computer doesn't have access to. (if that's not already the case)

[jamesg46]

To the question "What is the timeframe for humans being able to communicate without words?" Elon Musk's answer was 5-10 years if the technology continues to develop (and after a bit more thought, corrected himself to closer 10 years).

Logically if sending a thought from brain to brain without needing it to go from brain to mouth is a near future possibily, then going from brain directly to computer/server/whatever instead of from brain to hand (and by extension mouse click) can't be far behind. If you're using a mouse and see a fat finger mistake price available at the same time as someone with the tech available, it would be long gone by the time you've clicked the mouse. Other have posted the minimum psysical response time before I'm sure and it's significant enough to be a game changer.

Computer to computer will always be faster won't it? I don't think speed is a manual trader's edge?

The way I see it say 20 years from now. A manual traders edge will be seeing information a computer doesn't have access to. (if that's not already the case)

The computer at the moment is just an extension of the brain so for now that's true but what Elon is creating is the basically the opposite way around... "The Smart Brain" - the only safe time for a manual trader in 20 years from now (if this was to happen) would be when the latest software update was sent out & everything had to go through a restart Haha

[ShaunWhite]

Talk of the demise of manual trading due to technology has been rife since the 80s and every generation has had the same fears. As far as I can see so long as markets move there'll be the opportunity to make money, and predicting the direction they'll move will require exactly the same skills it always has.

[Naffman]

Talk of the demise of manual trading due to technology has been rife since the 80s and every generation has had the same fears. As far as I can see so long as markets move there'll be the opportunity to make money, and predicting the direction they'll move will require exactly the same skills it always has.

+1

[Big Bad Barney]

The computer at the moment is just an extension of the brain so for now that's true but what Elon is creating is the basically the opposite way around... "The Smart Brain" - the only safe time for a manual trader in 20 years from now (if this was to happen) would be when the latest software update was sent out & everything had to go through a restart Haha

heh, well if it's runnin' windows...First Tuesday of every month...

Perhaps I didn't watch far enough in. I guess if that sort of thing happens, probably we're all a bit screwed... The gist of it I got was that he wants to remove the communication barrier. Which is a bit of a pain in the ass for sending ideas between other brains... I would presume you would achieve some kind of hive mind.

I'm a bit sceptical of all that stuff tho... it's too complex...and I guess hive minds have internal conflict as well..

In the end the average human only want to feel safe (Maslows hierachy thing). Some do it by pursuing power, some do it by whatever is the opposite of that...so not really sure what the end goal is..

[Big Bad Barney]

Talk of the demise of manual trading due to technology has been rife since the 80s and every generation has had the same fears. As far as I can see so long as markets move there'll be the opportunity to make money, and predicting the direction they'll move will require exactly the same skills it always has.

But if someone/thing out there is better than you at predicting? does that make a difference?

I don't think opportunity is just market movement... it has to be in conjunction with inefficiency...

If you have an AI system that works real well....the remaining inefficiency is the point where observation of reality and communication to that AI system meet.... to me...that is where manual traders sit...

[jamesg46]

The computer at the moment is just an extension of the brain so for now that's true but what Elon is creating is the basically the opposite way around... "The Smart Brain" - the only safe time for a manual trader in 20 years from now (if this was to happen) would be when the latest software update was sent out & everything had to go through a restart Haha

heh, well if it's runnin' windows...First Tuesday of every month...

Perhaps I didn't watch far enough in. I guess if that sort of thing happens, probably we're all a bit screwed... The gist of it I got was that he wants to remove the communication barrier. Which is a bit of a pain in the ass for sending ideas between other brains... I would presume you would achieve some kind of hive mind.

I'm a bit sceptical of all that stuff tho... it's too complex...and I guess hive minds have internal conflict as well..

In the end the average human only want to feel safe (Maslows hierachy thing). Some do it by pursuing power, some do it by whatever is the opposite of that...so not really sure what the end goal is..

There would also still be the possibility of the US racing, that is if the people in the UK switch Flight Mode on to get some sleep

[ShaunWhite]

Talk of the demise of manual trading due to technology has been rife since the 80s and every generation has had the same fears. As far as I can see so long as markets move there'll be the opportunity to make money, and predicting the direction they'll move will require exactly the same skills it always has.

But if someone/thing out there is better than you at predicting? does that make a difference?

I don't think opportunity is just market movement... it has to be in conjunction with inefficiency...

There ways has and always will be people or systems better and faster than you.

You mention efficiency. As you know efficiency is just the accuracy of a price at any given moment in time, that might affect punters but efficiency has very little to do with trading imo because trading is about change over time. There's even an argument that says greater efficiency makes trading easier. If prices always go to where they 'should' go rather than some randomly inefficient price then it's (just) a matter of predicting that new price based on what's going on rather hoping the market will go there.

I'm not denying trading is a competitive sport, but if tech and knowledge were the only factors then the markets would already be dead to manual traders, and they aren't.