engineeringwoke

Joined 8 years ago

Karma
355
Submissions
312
Member since
Oct 17
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Recent submissions

Comment · 14 days ago
Complete and accurate, thanks.
Comment · 18 days ago
Yes the Prussian system is responsible afaik
Comment · 21 days ago
They probably didn't want to take on the legal risk of the entity, more than anything.
Comment · 25 days ago
Absolutely. I love it, but you need a fork for now.
Comment · 25 days ago
It's alright, it's pretty alpha software. On v1.5.4, catalog filtered counts are broken, afaik. I went to main/v2 to fix it, and then the SQL parser in duckdb v2 is 10x slower, which was another wrench in the gears. It's been a bit of a pain tbh
Comment · 25 days ago
because they're scared for their jobs
Comment · 25 days ago
How many mathematicians write 100 papers?
Comment · 25 days ago
Humans have near-identical incentives to cheat compared to LLMs
Comment · 4 months ago
> This is because they don't understand that it does not run in reverse. It is not symmetrical. They underestimate the pain of a deflationary shock, where everyone (namely your employer) gets an incentive to not participate in the economy and then stops participating in the economy (namely by employing you).

If you think of inflation as money supply growth, or growth relative to gold, the economy has barely grown since 1971 when Bretton Woods was ended. However, the economy did grow in gold terms in the period beforehand. Why would that be? Is your theory from a textbook truly applicable or just a way of enforcing the current economic norms that heavily benefit nation states? If you force all assets to go up, you bleed your asset holders via tax as well. They don't want people to believe in ideas that could break their hegemony.

> Capitalism does not guarantee competition (quite the opposite, strong property rights are the nexus of anticompetitive opportunity) which does not remove all profit over the long term

This is a different conversation, regulatory versus monetary. It also weakens your r > g business book pseudoscience argument. I studied economics and finance enough, I don't need some cheap armchair economist slag.

> tax the rich

Nice, if I didn't need any more proof that this is just another diatribe based on another faddish idea about how to fix the economy. Wait, did I say that earlier? Something about how ideas can be used to control the bounds of policy, the Overton window.

Comment · 4 months ago
Eh, I'll bite.

I haven't read the source but for one, there wasn't really even a US dollar until 1935. When banks failed, and they did unlike now when they artificially don't, you lost everything. There was no FDIC. All of those mechanisms are artificial and serve to make the banking industry large and profitable.

Not to mention currency debasement, another aspect of the modern world that makes finance uniquely profitable and, really, white collar work existent in any major form at all. It's ingenious. Since capitalism is naturally deflationary, as competition removes all profit over the long term, let's interfere and make it so workers make less money every working day. Hence, in order to make even the same amount of money each year, one has to either rise in the hierarchy, or argue for raises, which is inherently risky.

Basically, before 1935, it was hard to accumulate that much wealth. It wasn't generally backed by any nation state guarantee. Real estate has always been a great store of wealth, but it has physical limitations. The world since 1935 is now a world of nation state wealth guarantees. The only reason this amount of wealth is allowed to occur, is because of it. We took a strange path since 2008, when the banks were not allowed to fail. Everything eventually comes to pass.

Comment · 7 months ago
Yes, it's just a shiny piece of metal. However, it is a pure element and there is a limited amount of it, unlike pretty much anything else except maybe silver.

Otherwise this happens.

https://fred.stlouisfed.org/series/M2SL

This is the origin of the entire white collar world and all of its odd bedfellows, and it will die in our lifetime. All of our jobs will go with it, unfortunately.

Comment · 8 months ago
Ah sorry our contractor did all that highly illegal stuff. Too bad we can't pierce the corporate veil anymore... shucks.
Comment · 11 months ago
That would be like saying that you can verify the software that CERN uses to measure the Higgs Boson because we verified general relativity.
Comment · 11 months ago
Basically the modern web uses orchestration, for pretty much everything. Usually Kubernetes is doing that. Theoretically protocols like RAFT are formally verifiable, but their implementations in orchestration tools like etcd have not been, and I would go so far as to say that that is an impossible task. Therefore, the entire exercise is kind of silly.
Comment · 11 months ago
You can't formally verify anything that uses consensus, which is the backbone of the entire web. It's a complete non-starter.

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