galeos | 10 months ago | on: Everything we announced at our first LlamaCon
galeos's comments
galeos | 10 months ago | on: BitNet b1.58 2B4T Technical Report
galeos | 1 year ago | on: BERTs Are Generative In-Context Learners
galeos | 1 year ago | on: Nvidia Conquers Latest AI Tests
galeos | 1 year ago | on: Tax consequences of WIN95 team members keeping a piece of software for testing
galeos | 2 years ago | on: My Favorite Statistical Measure: Hoeffding's D
galeos | 2 years ago | on: Electric cars suffer 'unsustainable' depreciation in secondhand market
I can lease a new EV via my employer's salary sacrifice scheme. I can pay my lease payments from my pre-tax income. There is an additional tax due on cars leased this way in the UK called Benefit-in-Kind tax (BIK). The rate of this tax is fairly high for petrol/diesel cars but for EVs is currently near zero (based on 2% of the car's value).
The problem is that most of the major lease firms that operate these programs for employers only offer new vehicles. Ideally I would like a nearly-new EV. I have escalated and apparently our lease provider (Tusker) are looking at rolling this out in the first half of this year. I currently know of only one other lease firm that offers this option. I suspect is in the interest of lease firms to prop up the value of the used EV market, but this depends also on their margins on new vehicles. I wonder if it would make sense for the tax incentives for used Vs new EVs to be rejigged to avoid incentivising unnecessary new car production?
galeos | 2 years ago | on: The origins of the Guinness stout yeast
galeos | 2 years ago | on: The origins of the Guinness stout yeast
galeos | 2 years ago | on: The origins of the Guinness stout yeast
galeos | 2 years ago | on: The Shingle Spit in Whitstable
galeos | 2 years ago | on: Nvidia Wouldn't Exist If CEO Could Turn the Clock Back 30 Years
galeos | 2 years ago | on: Tim Hunkin (Secret Lives of Machines)
galeos | 2 years ago | on: RWKV: Reinventing RNNs for the Transformer Era
And, in the case of BERT, every token embedding after it too.
galeos | 2 years ago | on: Former CEO of Autonomy to Face Conspiracy, Fraud Charges
galeos | 3 years ago | on: Bitcoin Is Digital Scarcity
If network security cannot be maintained without sufficient inflation, then it surely it doesn't matter how philosophically wedded some users are to the 21m cap. It would lead to a hard fork, with two resulting coins:
1. An unchanged 'Capped-supply Bitcoin' 2. A new 'Permanent-subsidy Bitcoin'
Given a total breakdown in network security of the 'Capped-supply Bitcoin' (and its associated collapse in value), we would expect users to deem the, still secure and therefore higher value, 'Permanent-subsidy Bitcoin' to be the 'true' Bitcoin going forward, no?
galeos | 3 years ago | on: Bitcoin Is Digital Scarcity
galeos | 3 years ago | on: Bitcoin Is Digital Scarcity
This is, at the very least, debatable: https://www.onionfutures.com/essays/turning-off-bitcoins-inf...
galeos | 4 years ago | on: JPMorgan CEO questions 21M BTC cap and Yahoo got it wrong; lets check the source
But could Jamie Dimon still be right?
Well, if the network proves not to work without a sizable block subsidy, it could be hard forked, with the forked version of the source code not capping issuance at 21m coins. It's certainly one possible outcome...
galeos | 4 years ago | on: Turning off Bitcoin’s inflation funded security model: wishful thinking?
As emissions drop, less money is spent on mining and a 51% attack becomes cheaper.
When China turned off mining, mining temporarily became more profitable as it took some time for miner spend to get back to a equilibrium state (where miners, in aggregate, spend nearly the entire block reward on mining costs).
It did temporarily get 'cheaper' to conduct a 51% attack (although it was still so expensive as to not be viable - due to the currently high block reward). This wasn't because of the difficulty adjustment though - that just maintained the average time to mine a block at 10 minutes.