Political Inertia

I used to believe that people don’t change their political beliefs after 30. Well, I didn’t believe that statement completely. But I did believe that people don’t change their primary worldview or core political ideology, and rarely changed their views on particular stances. My mind on this has changed a bit (hey, I’m under 30!)

I still think worldviews are pretty stuck at 30. I can’t remember the last time I saw a radical change in the beliefs of someone I knew over 30, especially compared to how common it is for young adults. And I have seen a number of young adults who have a handful of radical changes before they hit their settling point.

But policy views are more flexible. While this will be good news to some people, my initial reading of is a bit depressing. My observation here fits with Jonathan Haidt’s book The Righteous Mind. Basically, beliefs work like this: people organize into groups based on their foundational beliefs (which, it seems, are at least partially driven by neurology). These foundational beliefs lead to intuitions towards particular issues, around which people form justifications to defend their beliefs. This is in contrast to the more standard understanding: people use evidence and logic to create arguments.

Basically, we decide our view on a specific issue, and create a rationalization to back it up.

I think this is pretty evident if you look at American politics today. You have Democrats praising the FBI while Republicans condemn it. I’m struck by the similar shift on free trade. I’m skeptical these were the result of sober, thoughtful reflection. The existing tribes, which have already organized around foundational beliefs, have seen their allies shift. Now they are changing up their policy stances to defend their allies.

This isn’t all bad news. If you are like me and want to see political and social change in the world, this means there is hope for activism and change. People over 30 can change their views. But presenting sound logical arguments may not be a very effective method. The question is, what is?

Contributing to Ethereum

Yesterday I wrote about how I spent time last week diving into Bitcoin and Ethereum. Well I have already started attempting to contribute to Ethereum.

py-evm is a Python implementation of the Ethereum Virtual Machine. py-evm and its related client Trinity aim to become the standard for Python Ethereum implementations.

In checking out the code on GitHub, I noticed an open issue which fit my skill level. The main package is to be renamed from evm to eth. Changing this is a lot like taking a contract and changing one of the company’s names. However you can’t just do find & replace like in a Word document, in case you alter something that refers to something close to the company name, but isn’t exactly the company name.

I made some serious progress last night, but still have more work to do. Regardless, the maintainers recommended I submit a work in progress pull request. Wish me luck I’m on the right track!

Convergence

Recently, I came across crypto-currencies in three ways. First, I read Scott Sumner’s blog post about a crypto-currency stabilized in terms of NGDP. Second, I watched an interview with Ethereum creator Vitalik Buterin shared by Tyler Cowen. Third, a friend of mine asked me what I know about Bitcoin.

I had a bit of an answer but it made me realize I should probably brush up on my knowledge of Bitcoin. I browsed the Wikipedia page for Bitcoin and then moved over to Ethereum. I had so many questions. What is Bitcoin ‘mining’? How are blockchain transactions verified? What is in the blockchain? What is the difference between Bitcoin and Bitcoin Cash? What are the pros and cons of Proof of Work vs Proof of Stake? How scalable are these technologies?

Many of these questions have stumped me before. I was on vacation last week so I had the time to dive into each area, including reading the original Satoshi whitepaper twice. I still have so, so much to learn but I finally feel I have a decent grasp on what these tools are and why they are so exciting. I also have a better handle on what I think are the realistic limitations and criticisms of them.

On one hand, I think the “buy and HODL” mentality is foolish. On the other, I think there is so much value to be unleashed that it would make sense for these assets to be a smart long-term bet. Regardless, I’m not really interested in crypto-currencies from an investing standpoint. I have never been able to get involved (even if so far, very lightly) in such a cutting-edge technology. Anyone who has the skills can contribute to the Bitcoin or Ethereum code.

I have not been so excited about a learning project in a long time.