ItsMonkk

30 ms·

301.
by ItsMonkk 5y ago
You don't need to make it so that homeowners are prevented from making the permitting process more difficult, you need to change the incentives so that homeowners do not gain from doing so. I can assure you, if you don't address t
302.
by ItsMonkk 5y ago
A stable currency would have a stable Velocity. This is something both USD(which is inflationary) and BTC(which is deflationary) get wrong. We need a flationary currency.
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by ItsMonkk 5y ago
Let's zoom in on this most recent case[0] where it was the treasury came down. We can see that there is a point where the 30 year was not only below the upper bound of the target rate, not only below the effective rate, but below the l
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by ItsMonkk 5y ago
This is the sort of thing that really needs to be questioned. 1. How much security do we need for this transaction? 2. For this block of transactions? 3. Can we have varying levels of security? What we are ultimately trying to know is, is i
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by ItsMonkk 5y ago
The Fed is in complete control of the Fed Funds rate. Whenever they set for the target, they hit it. Can we at least agree on that? Look at the chart I posted above. 1969, 1973, 1979, 1989, 2000, 2006. All of these are a case of the Fed Fun
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by ItsMonkk 5y ago
So there is two types of DI, one way automatically wired through an IOC container, and the other manually wired through constructors. They both are the same thing, but one uses some configuration and magic to make it easier to pass around t
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by ItsMonkk 5y ago
The market doesn't set the Fed Funds Rate, the Fed does. If we were simply talking about the other yield curves I would be on board with this argument. But the Fed is in total control. Why, if the Fed was seeing a recession coming, wou
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by ItsMonkk 5y ago
This is a cynical take, but it's an honest good faith effort on my part. I post a thorough comment in hopes that people can build on top of or destruct where it's wrong. > The Federal Reserve has two mandates: maintaining maxim
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by ItsMonkk 5y ago
That's the style that functional programmers prefer. It makes it slightly easier to work with as you can now pass them together as one. Most OOP dependency injection is done through interfaces, but with the functional approach where yo
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by ItsMonkk 5y ago
Lyn covers this topic fairly well in her article on Japan[0]. In short, private debt in Japan has shrunk by 300 trillion yen over the past 25 years. The growth of the money supply is all coming from public debt. It matters who gets the new
311.
by ItsMonkk 5y ago
Dependency Injection is just another way to curry. In both you are passing an argument. SPBS's post[0] is very similar. All together, "Favor composition over inheritence" is like "Favor pipelining over currying/depe
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by ItsMonkk 5y ago
A couple years back the team I was on was behind schedule on a project. We needed to complete the project in 2 months and we expected we had 6 months of work to do. So we worked nights and weekends, we had 12 hour calls in which the manager
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by ItsMonkk 5y ago
The wiki entry on it is fairly complete[0]. Another way to look at this is Breadth First Search vs Depth First Search. DFS moves fast and tries to find new ideas, BFS moves slow and makes sure it's taking the correct path. Think about
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by ItsMonkk 5y ago
I would have linked the Principle of Least Power[0], but same idea. Rich certainly fleshes the idea out with more examples and I deeply respect his opinions. I can't find it but there once was a blog that expressed this as: Reddit is a
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by ItsMonkk 5y ago
"Favor composition over inheritence" is like "Favor pipelining over currying".
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by ItsMonkk 5y ago
Yep. I'm reminded of the advice "Favor Composition over Inheritence", which begs the question "When can we not use Composition and need to fall back down to Inheritence?" and it turns out the answer is that you can
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by ItsMonkk 5y ago
You need to measure the KPIs. The reason we use metrics is because things have scaled out of control, and using a "real" judgment system is no longer possible. Not for everyone, anyway. Using hiring as an example, but this should
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by ItsMonkk 5y ago
I don't think it's a good argument that Bitcoin is boring and others are exciting and therefore criticizing Bitcoin does not criticize Etheruem. You're posting on HN, a site where "Use Boring Technology" is often ci
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by ItsMonkk 5y ago
Oh, thank you for giving me (idea, discussion, documentation), I love it. One of the key insights when you view the model this way is that people are always trying to avoid "filter bubbles", but it's actually totally okay to
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by ItsMonkk 5y ago
I've been building an intuition that we can't just pick. We need all of them. Text: Chat -> Forums -> Wiki Video: Twitch -> YouTube -> Movies Voice: Discord -> Podcasts -> Books on Tape? Which can be summarized a
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by ItsMonkk 5y ago
StackOverflow built itself as a Question and Answer site and you can see the results of that original concept. Had they instead built themselves as a symptom and treatment website, much of the problems that they have had would have gone awa
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by ItsMonkk 5y ago
It's not just tax optimization. One of the key differences between the two are that buybacks reduce the supply of the stock. As there are now more buybacks than there are new stock issuance in dollars, this means that stocks are a depr
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by ItsMonkk 5y ago
One thing I want to point out is that when I first read "do one thing", I thought I knew what they were saying and I didn't. It took a long time for me to finally grasp that message. One of the ways I finally learned that was
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by ItsMonkk 5y ago
Exactly. If property taxes were raised to 100% annually of the cost of the home, the price of the house would instantly drop to somewhere near the annual rent cost. "Buying" the house would end up being close to a security deposit
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by ItsMonkk 5y ago
Exactly. When the blue line greater than red line, shortly thereafter a recession occurs. The blue line is set directly by the Fed. No one knows exactly why this is.
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by ItsMonkk 5y ago
I'd argue that minimum time frame -> maximum time frame is a more fundamental metric than any other individual yield curve.
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by ItsMonkk 5y ago
Fed Fund Rate vs 30YT since 1970(only cherry picking this year because the data on fred is poor before this period, and end of gold standard is significant) is a perfect 8/8[0]. [0]: https://fred.stlouisfed.org/graph&#x
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by ItsMonkk 5y ago
Gamers have been spending real money for proprietary "skins" for quite a while now. Epic makes billions on FortNite through such a system. But they are only able to charge such fees because they are in control of the system. They
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by ItsMonkk 5y ago
While dance content is the most popular, the system that recommends videos allows a factor of magnitude more niches than other platforms. In no way is TT limited to dance. Within the first day I stopped seeing dance content. If you want to
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by ItsMonkk 5y ago
Or, as famously yelled by Ballmer: Developers! Developers! Developers!, where the developers are content creators. You can make really great content on YT and reach an audience. Creators like Tom Scott prove it's possible. But you have

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