ItsMonkk

31 ms·

271.
by ItsMonkk 5y ago
I always saw it as a tight-coupling with whatever framework you are working with but a loose-coupling with whatever library you are working with, but I like this more. It's much more emotional, almost psychological horror to a programm
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by ItsMonkk 5y ago
Please tell me there was more to that last story? Having someone come in and have a strong opinion on a topic, and have the gumption to state so in an interview, is exactly what I would look for. Did you poke them for more? Did you ask how
273.
by ItsMonkk 5y ago
I mostly agree with your reply, and can thus, using my own rules, reply to you. I don't think I am 100% right. I don't think replying is 100% right. At this point the only person who will ever see this message is you, so it's
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by ItsMonkk 5y ago
I know you know about Moral Hazard. I know you know about small bubbles allowed to get bigger getting out of control. I'm sure you know the phrase "Privatized gains and Socialized losses." These all apply here. The mark of a
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by ItsMonkk 5y ago
And yet, during the recession of 2008 the M2 went up by a 1000 billion dollars, despite the fact that there were millions of houses foreclosed on, their assets tanked, and millions of loans defaulted. Curious how that works. Tether is much
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by ItsMonkk 5y ago
I'm found of "a democratically elected government is the least bad monopoly". If you must have a monopoly, it should be a government. But if you can avoid a monopoly, do that instead.
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by ItsMonkk 5y ago
Yeah, this is the same conclusion that I have reached. There's nothing wrong with design patterns. There's nothing wrong with language features. But you want to use the correct tool for the job. And for some reason with design pat
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by ItsMonkk 5y ago
This is a consequence of scale. The larger the community, the less you see each individual, the less you are able to understand the other person. One of the most important posts I read on here was on weirdness budgets. Most people want to s
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by ItsMonkk 5y ago
The wealth tax is a bad tax, but it's trying to fix a bad monetary system. When the Fed only cares about inflation and doesn't care at all about wealth inequality effect of lowered velocity, you get exactly what you incentivize. T
280.
by ItsMonkk 5y ago
Weimar Germany was a short squeeze on gold caused by the war debt. Germany printed money to buy gold, but the more they printed, the more gold cost. This was predicted by Keynes ahead of time.
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by ItsMonkk 5y ago
The Fed tracks inflation using the CPI, the price of things that are consumed. Food is an example of a consumed good. Housing is not, that is an investment. The portion of housing in the CPI is of the rent of the time that is now in the pas
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by ItsMonkk 5y ago
I'm with you here, but anytime you have code changes of this magnitude you get political splits and people pushing for more than just fixing the issue to give power to their position. I have no idea how that would end up, how quickly t
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by ItsMonkk 5y ago
Appreciate this response. Thanks. Totally agree now that I see your perspective.
284.
by ItsMonkk 5y ago
No, don't group by content - group by people. Let the people decide which group they want to discuss things with. Going from subreddit to subreddit where each one has its own community only breeds anonymous behaviour - toxicity. What y
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by ItsMonkk 5y ago
Wonder if it makes sense to have two goals, one being the traditional 'drive slightly past then reverse into' spot, and the other being the result.
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by ItsMonkk 5y ago
Last month I ran into The Principle of Least Power, and it's grabbed me and the more I think about it, the more it expands. I think all of your statements lines up with this principle, except one. Containers are a simpler solution than
287.
by ItsMonkk 5y ago
You asked for any possible way. 1. Tether defaults. 2. People panic and sell at whatever price they can get. Let's say Bitcoin drops to $10k. 3. All miners that don't make a profit at $10k shut down. 4. With most miner's shut
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by ItsMonkk 5y ago
I think there's a story in here that most are missing, but your comment is closest to touching on. This was not a performance problem. This was a fundamental problem that surfaced as a performance issue. The tech stack at use in the Wi
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by ItsMonkk 5y ago
And if you believe that cynicism, and believe that the market follows what the Fed sets out with, the only question you can really have is: When does it break? We know from the Martingale Betting system that when you have a losing bet, it d
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by ItsMonkk 5y ago
Cantillion effects. Who gets the money? What do they spend it on?
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by ItsMonkk 5y ago
This is a bad take because if that dollar does not transact, you do not get inflation but you get a lowered velocity. However a lowered velocity rises r - g. This exacerbates wealth inequality.
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by ItsMonkk 5y ago
I encourage everyone who cares about this space to watch the 1994 Charlie Rose episode with Sir James Goldsmith[0]. He nailed it. [0]: https://www.youtube.com/watch?v=wwmOkaKh3-s
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by ItsMonkk 5y ago
Central banks set the interest rates that regular banks base their rates at. I don't know how you would de-couple those relationships. Inflation like what we had under the gold standard is bad, it leads to currency hoarding. Deflation
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by ItsMonkk 5y ago
You can't invest money in stocks. Every time you transact with stocks, the person who is giving you stocks is getting your money, and so that money is not in stocks. The only time you "invest" in stocks is during a public off
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by ItsMonkk 5y ago
Let's say before this large coffee with investment money came in, there was 25 individual coffee shops in the city. Let's call them Starbucks. Then this company comes in with economies of scale and is able to sell coffee for 10% c
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by ItsMonkk 5y ago
> what you meant I wasn't the original poster. It's not very constructive to post that someone is wrong, and not explain why they are wrong. How wrong are they? Nope, just "sniff test". Working from first principles i
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by ItsMonkk 5y ago
The way I've learned to use git is to 0. Sync with remote 1. Edit files until I'm ready to check-in 2. Stash changes 3. Sync up with latest from remote 4. Pop changes 5. If there are any conflicts, deal with them here, locally. Po
298.
by ItsMonkk 5y ago
Let's take two examples. First Pepsi Vs Coke. Both Pepsi and Coke make a product that takes no more than 10 cents to create, ship, and put into stores. And yet their prices are many times more than that. Capitalism says that a perfectl
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by ItsMonkk 5y ago
Everyone wants to only have as much money on hand as they need, and yet the money supply is at record numbers. Who is holding cash? How can there be 20T dollars depreciating every day? The Fed with its policies that drop the Velocity of mon
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by ItsMonkk 5y ago
This is a positive externality problem. A public goods problem. There is no incentive for each company to pay into a pile if another company doing so for them would get the same results. The only way this will ever get resolved is if compan

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