lowracle

People who aren't self obsessed are becoming rare. It's an interesting development. I guess it must be hard to find a friend who listens and give feedback instead of talking about themselves.

That is so bizarre for me to read this: "83% said they'd spent zero time just thinking" I struggle to turn down my inner dialogue, because I enjoy being in my head juggling with ideas, and I thought I was the weird one for doing it. What is hiding in those people's head that they are scared of being alone in it ?

I think this is confusing efficiency with overfitting. A lot of the problems described in the article arise due to overfitting models to the historical data. We overfited supply chain management because covid doesn't happen often, we overfited credit modeling because chain reaction of default doesn't happen often... We actually weren't efficient enough, we ignored tail events.

That doesn't solve the big part of the problem which is the co-ownership of competing companies. A blackrock manager voting for you or you voting doesn't change anything. Through the fund, you co-own multiple competing companies, therefore you won't vote for policies that would increase competition between those companies.

Why not establish a trading firm in an offshore country with no capital gain tax ? The bookkeeping of crypto txs is hell

I have been working on such a system and it is NOT a huge loss of your time. I've learned so much things in the past year, in market microstructure, in networking (infrastructure, protocols), cloud computing, cloud management (docker swarm, kubernetes), linux kernel bypass, distributed systems, data base, and I've read hundreds of papers on neural networks, gaussian processes, etc... If you are wondering if you should get into this, it is one of the best learning experience you will ever have.

The only times I click on ads is to see what competing businesses are doing / offering. I am pretty sure they would actually save money by stopping showing me ads.

Is it a project that hasn't been released yet ? Or by "clearing layer that can be settled with crypto" you simply mean route ILP payments between two currencies with crypto in the middle ?

I am glad to read this, because it really sounds weird to me that so much people blame AI for not being able to do causal reasoning, while us human don't even do in my sense "strict" causal reasoning. I feel like we just learned a small subset of causal rules just like AI algorithms, by having experienced a lot of events that followed those rules.

The article seems to indicate that those gains are all paper money due to the huge inflation in the stock market. On paper they look richer, but they can't do much with their "money" anyway. I think a more rational measure of inequality is through the possession of "important" assets like real estate, lands, power (political influence, ...). Of course the real problem comes when the lower and middle class sells their real wealth for stocks at the top, and the 1 percenters sell them their paper gains for "important" assets.

It is now pretty clear that those financial institution joined Libra only because they saw it as a threatening competitor in the space. Now that they think that the project is unlikely to be implemented due to strong opposition from govt, they are leaving. I believe they are doing a big mistake, and that Libra will still be successful.

MakerDAO is not decentralised, simply because the ETH/USD price feed isn't decentralised. If the servers providing the feed get hacked, say goodbye to your ETH collateral.

When I was a kid, I learned so much about programming by doing those kinds of "illegal" activities. When you are young you are reckless, adventurous, you want to cheat the system. My first introduction to programming was through a bot for a MMORPG too, which was used to harvest resources. I then started to build bot for mini games where you could win prizes if you had the highest score, and resold those prizes on second hand markets. I also learned about "hacking" because it felt cool and underground. I believe kids should be protected from the heavy legal repercussion you could have by doing those things, as long as the intent was curiosity and a lack of awareness of laws. Every thing is getting more protected/regulated and it has become so easy to ruin your parents life if you are a little bit too curious. I don't really know what the solution is, but I hope my kids will be able to experience like I did !

It's crazy how sociologist and psychologist are trying to find a reason why we do something we were originally built to do.

Given that a 1 square meter solar panel produces 200W, and the energy efficiency of an Ebit E10 ASIC miner is 11100 * 10^6 hash per J, you can compute 200 * 11100 * 10^6 hash per second so no, in an apocalyptic event, the hash rate will hardly be 0.