[ExI] Banks (was Re: Doomsday Oil Price: (was RIP: Peak Oil))

The Avantguardian avantguardian2020 at yahoo.com
Thu Mar 8 03:49:11 UTC 2012




----- Original Message -----
> From: spike <spike66 at att.net>
> To: 'ExI chat list' <extropy-chat at lists.extropy.org>
> Cc: 
> Sent: Wednesday, March 7, 2012 6:49 PM
> Subject: Re: [ExI] Banks (was Re: Doomsday Oil Price: (was RIP: Peak Oil))
> 
> 
> 
> -----Original Message-----
> From: extropy-chat-bounces at lists.extropy.org
> [mailto:extropy-chat-bounces at lists.extropy.org] On Behalf Of Adrian Tymes
> ...
> 
>> ...Yes, some people prefer dealing with a human face, so tellers are
> retained...
> 
> Ja, I don't see why the rest of us should subsidize that.  Consider, a low
> level teller position pays about 40k, and there are costs associated with
> any employee which double their salary at the lower end, so about 80k cost
> per year to the bank per bio-teller.  Or would we call that a NTM, a
> non-automated teller machine?  At current typical savings account rates, .75
> percent, it requires over ten million dollars worth of savings to generate
> the earnings of a single NTM.  There are plenty of us who do not ever want
> to deal with a human face.  They are so... biological, eeewwww, gross.  All
> that icky metabolism, I am so squicked.  
> 
> Actually I love bank tellers, for usually they are women under 35.  To most
> men over about 50, nearly all women under 35 are beautiful.  Banks put their
> nice, friendly ones out front.  But I still don't think I should be required
> to pay their salaries, for I only see them once or twice a year.
> 
> 
>> ...Indeed, some banks tried replacing a certain part of the process that
> legally can't - yet - be replaced by machines.
> This is the "robo-signing" scandal.)
> 
> I don't see why there should be a legal prohibition against robo-signing.
> What we need is a loan vending machine, or some completely automated process
> which has some mysterious algorithm which determines if you get your loan or
> not.  It has access to all your records, and digs around in ways only it's
> programmer understands.  Clearly a machine would not be vulnerable to a
> racism charge, for the machine wouldn't know or care what race the person
> is.  It is also perfectly OK for it to robo-sign, being completely unable to
> do otherwise.

It doesn't have to be mysterious. The loan software could be open-source, water-tight, and bullet-proof. You could even have it printed like a contract on the outside of the loan vending machine. If the end of work approaches, let's automate the parasite industries first. This will give humanity the biggest collective single boost of economic efficiency that I can foresee.
 
 
Stuart LaForge


"The state that separates its scholars from its warriors will have its thinking done by cowards, and its fighting by fools." -Thucydides. 





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