mshumi's comments

mshumi | 1 month ago | on: The AI Body Problem

I think the most interesting thing about making AI to serve human interests is that ultimately the system of AI (foundation model + infrastructure + energy) should resemble a human system.

mshumi | 3 years ago | on: Code That Writes Code

Well done, this is a really cool approach to leveraging ChatGPT. Messing around with it locally now

mshumi | 3 years ago | on: The Fed Versus the Narrow Bank (Matt Levine)

I think this article is particularly relevant after SVB. Also the large interest rate differential on most American checking accounts vs FFR.

mshumi | 3 years ago | on: Samsung asks for planning permission for 11 fabs in Texas

Buffer of batteries and generator backup

mshumi | 4 years ago | on: Ask HN: What are some absolute truths that exist independently?

To encode NOT something takes one more bit than encoding something.

mshumi | 4 years ago | on: Palantir bought $50M in gold bars in August as cash pile grows

Zero real rate of return. If bonds have a negative real rate of return and stocks have a RISK-ADJUSTED negative real rate of return, then gold or more generally commodities are a better option.

mshumi | 4 years ago | on: U.S. opens probe into Tesla’s Autopilot over emergency vehicle crashes

Judging by the lack of a market reaction this morning, this is mostly immaterial.

mshumi | 4 years ago | on: SafeDollar ‘stablecoin’ drops to $0 following DeFi exploit on Polygon

Take this line of reasoning further and you reveal the problem with crypto to crypto taxation.

mshumi | 4 years ago | on: Mexican billionaire Salinas says his banking business may embrace Bitcoin

BTC Ledger =/= BTC consensus. If the protocol can be made pure proof of stake while maintaining the same availability and security guarantees this is no longer an issue. However, this is against the best interest of miners.

mshumi | 4 years ago | on: United Airlines will buy 15 planes from Boom Supersonic

Unfortunately, aerospace isn't an industry where you can say "fuck it, ship it"

mshumi | 4 years ago | on: U.S. Treasury seeks reporting of cryptocurrency transfers

In many of these discussions why do we always refer to government as an abstract "they", why is it never "we or us". I think we've lost a connection between services provided by government for the public good and the means to pay-in for those services. Historically you paid taxes in real value (grains or gold) in exchange for protection, enforcement of property rights, and public goods. We do the same today, but the current state of income taxation seems wildly disconnected from value provided by government. Personal opinion is that LVT, VAT, excise taxes, and taxation in equity is a better way to link equitable distribution of real value to benefits.

mshumi | 4 years ago | on: Bitcoin gave a shuttered coal plant a second life

We could easily solve this BTC problem by hard forking to a pure proof of stake consensus protocol for BTC. Same security and decentralization guarantees. No environmental harm, and far more scalable so you can actually buy coffee with it. Ofc that's against the best interests of miners and BTC core devs.

mshumi | 5 years ago | on: Bitcoin mining hash rate drops as blackouts instituted in China

Fork BTC to Pure Proof of Stake consensus. Balances mapped 1:1. No Environmental problems, no scalability problems, no latency problems. It's not a question of if this fork happens, but when.

mshumi | 5 years ago | on: The Expansion of the Universe

One wonders if it is some fundamental assumption that limits further understanding of the Universe. Is it our intuitive relationship with numbers, time, and physical space that is limiting? We all grow up with societally imposed relationships between numbers, time, and physical space, but are these learned or do they actually reflect objective reality. The frameworks derived from these fundamental assumptions are excellent for making predictions and are testable within those frameworks.

mshumi | 5 years ago | on: Bitcoin is not a Battery – it is a Sink

Hard fork to pure proof of stake, problems solved. However, against Miners' best interests

mshumi | 5 years ago | on: The inflation happening right in front of us: government-backed student loans

underwriting cap and dischargeable in bankruptcy would do it

mshumi | 5 years ago | on: When Everyone’s a Genius: A Few Thoughts on Speculation

Have you considered the possibility of a crash up in asset prices (currency devaluation, negative interest rates). Cash wouldn't be so good in that scenario. I feel similarly about current market valuations and mostly hold cash-equivalents, however I've also bought a significant amount of otm call leaps on agriculture/metals funds to hedge a crash up scenario.

mshumi | 5 years ago | on: Everything Bubble

It's more likely to be a crash up than a crash down. Interpret that as you like.

mshumi | 5 years ago | on: 'Big Short' investor Michael Burry says 'prepare for inflation'

TIPs adjusted by cpi determined by gov. Better off holding real assets. For retail, a large mortgage is a fantastic bet on inflation. For the more risk-loving, long gamma on any vehicles tracking real assets has really good risk/reward in a high inflation market.

mshumi | 5 years ago | on: BTC Endgame

BTC fork using Algorand consensus. Same bitcoin, same LEDGER, but the consensus technology is vastly superior. Why willfully ignore 10 years of advances in cryptography and distributed computing.