deevolution
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2 years ago
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on: Rethinking the Luddites
we've all mostly been liberated from back breaking agricultural farm work in developed countries, no? At least in countries that have automated. Don't think you can say the same for countries without automation. We've reaped tremendous benefits that are just totally lost / taken for granted by the luddites.
deevolution
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2 years ago
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on: Rethinking the Luddites
I think the compensation comes in the form of lower prices, greater availability of the products, a higher standard of living and newly gained freedom for the worker. They can do something else now. The compensation maybe isn't as explicit or obvious as receiving an "automation dividend" check every month. That's what securities are for!
deevolution
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2 years ago
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on: The underground world of credit card network exploitation
Probably helps maintain dollar hedgemony by allowing a wider swath of the global population (criminals, poor people) to use the system unencumbered.
deevolution
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2 years ago
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on: Experiencing decreased performance with ChatGPT-4
Aren't they using RLHF? The feedback from humans might not always be the ~right~ feedback. Couldn't that possibly degrade the quality of its responses?
deevolution
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2 years ago
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on: Former US SEC attorney: 'Get out of crypto platforms now'
There's no promises of future gains or profits made explicitly by the protocol, nor is there any central party pushing/benefiting from its adoption. There are plenty of other crypto coins you could accurately label as Ponzis. It's unfortunate that bad actors have tarnished the Bitcoin name...
deevolution
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2 years ago
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on: Social media can be a ‘profound risk’ to youth, surgeon general warns
Social media is just the medium for which doom/despair is transmitted. Removing social media might slow down the transmission speed, but folks will eventually arrive to the same conclusions mentioned in OPs comment.
deevolution
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2 years ago
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on: Should you post that you’re OpenToWork? A tale of two labor markets
Anecdotally I've had more recruiters reach out to me for potential jobs when I have the Open to work badge. Why not have it on all the time even if you are currently employed, especially if you are well performing. Would that not be an incentive for your current employer to boost pay/bonus to retain?
deevolution
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2 years ago
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on: Cryptocurrencies add nothing useful to society, says chip-maker Nvidia
It's a hedge against currency debasement. And it hedged pretty well against that! From the moment M2 supply increased (Feb 2020) to the moment M2 began decreasing(jan 2022), bitcoin earned you almost 400%.
deevolution
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2 years ago
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on: Cryptocurrencies add nothing useful to society, says chip-maker Nvidia
The claim is higher interest rates cause things to collapse.
US interest rate go up, bitcoin go down!
Argentina interest rate go up, bitcoin go up!
Contradiction.
What you pointed out tho is important: fiat is a confidence game at the end of the day, and it doesn't matter how much yield a fiat offers if it lacks confidence.
Bitcoin is more or less a measure of how much confidence people have in their respective fiat currencies.
deevolution
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2 years ago
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on: Cryptocurrencies add nothing useful to society, says chip-maker Nvidia
deevolution
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2 years ago
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on: Reasons the banking crisis isn’t a repeat of 2008
"Nothing to see here! Move along!"
deevolution
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3 years ago
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on: Joint statement by the Department of the Treasury, Federal Reserve, and FDIC
The problem here is a fundamental flaw in the design of bonds.. They're non fungible by design. Why not make their yields fixed to the current fed funds rate regardless of when they were issued? That would eliminate market dislocations like what was experienced by SVB where their 1% yeilding bonds lost tremendous value.
deevolution
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3 years ago
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on: Food coloring, anti-caking nanoparticles may affect human gut
Looked at the incredients in some walmart Great Value brand hot chocolate... found silicone dioxide listed as ingredient for anti-caking. Really?? Sand?? Basically getting scammed. Wouldn't be surprised to see saw dust as an ingredient from Dollar Tree coco.
deevolution
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3 years ago
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on: Meta to ask many managers to become individual contributors or leave
I just watched a relevant interview between Dwarkesh Patel and Marc Andreessen[1] where they discussed James Burnham's ideas on how a manager class inevitably arises once a corporation reaches scale in order to maintain the machine. Unfortunately innovation and building suffers once the managerial class takes over. The culling of managers indicates Zuck maybe isn't quite ready to abdicate and there is more growth/innovation ahead?
[1] https://youtu.be/kNsi5XVDTTM?t=580
deevolution
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3 years ago
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on: An incomplete guide to stealth addresses
Or Monero.
deevolution
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3 years ago
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on: Nuclear power is too slow
Probably because all of the French reactors are over 20 years old and the last operational reactor they built was in 2000.. how is France going to replace the carbon free energy they get from their aging reactors? Average life span of reactors are between 20-40 years. Intuition tells me wind and solar ain't gonna cut it.
deevolution
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3 years ago
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on: Starlink speeds in US dropped from 105Mbps to 53Mbps in the past year
I've been getting about 80 mb/s. Still outperforms the only available alternative in my area by 500x.
deevolution
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3 years ago
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on: $477M FTX ‘hack’ was a Bahamian government asset seizure
The ol' wrench attach
deevolution
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3 years ago
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on: Ask HN: Why do some people not communicate clearly?
Yup pretty sure this is the simplest answer here. Lots of people just BS on the fly if they're expected to have an immediate answer, but it would do better to keep meetings short if people honestly said IDK
deevolution
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3 years ago
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on: Alameda, FTX Executives Are Said to Have Known FTX Was Using Customer Funds
Disgusting. Everyone trusted him because he and his family are basically washington insiders. He used that trust to scam millions of people. Just goes to show if you become buddy buddy and make contributions to congress you can get away with anything...
