ItsMonkk

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by ItsMonkk 5y ago
The model I like to think of this is that intelligence is speed and knowledge is distance, but you start at the peak of a mountain and the farther you go the slope is increasingly getting sharper, so you keep getting faster. Terrance Tao is
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by ItsMonkk 5y ago
It is for this reason that I have changed my workflow to always stash first, then pull, then pop the stash and do the merges locally, then push.
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by ItsMonkk 5y ago
I think much of reddit is junk, and very much agree with the QAnon take. I largely agreed with the point you are making until GME went back up in February. It happened all at once, so it was not retail traders but a centralized entity. Tha
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by ItsMonkk 5y ago
I posted a comment on libraries vs frameworks yesterday[0], here's the relevant section. > Frameworks are easier to setup initially, but they do not scale. Why is it that Microsoft Windows has 13 different dialog generations? Becaus
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by ItsMonkk 5y ago
The main distinction between a campus and a city is its ratio of shared spaces to private spaces. A campus has 10% private spaces and 90% shared spaces, a city has 90% private spaces and 10% shared spaces. They are completely flipped. Campu
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by ItsMonkk 5y ago
Why not both? Long-term I want to live on a college campus(except it's filled with other like-minded adults) like environment where my peers are not my co-workers so if I switch jobs I don't lose contact with them.
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by ItsMonkk 5y ago
No. pg has a good article on doing things that don't scale[0] and showed how the AirBnB guys went and setup the first listings manually, but it's actually far more general than just kicking off the network effect. Moats are things
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by ItsMonkk 5y ago
I'll take that criticism. I'm much more focused on the bug discovery process that Burry goes through than the bug exploitation itself. My nuance on the actual trading side is much less developed.
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by ItsMonkk 5y ago
TSLA is a growth stock, and growth stocks have done extraordinarily well throughout CO-VID. To have a put on TSLA is to have a bet against growth. His TLT and TBT bets are the next largest piece of his portfolio and show what he's thin
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by ItsMonkk 5y ago
I've built up an intuition that the money supply should match changes in productivity, and that if it doesn't it will eventually lead to problems. But it's also notable that the trend is extremely important. If you do match,
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by ItsMonkk 5y ago
I see Burry as a financial pen-tester. He researches very deeply into the mechanics of how the market works. He's looking into the code. Once he finds a bug, he finds what effects would occur if the bug occurs. Once he has found someth
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by ItsMonkk 5y ago
One of the key things that I believe is that the world has gone to far in the metric direction. Metrics lead to things like fake reviews, teaching to the test, and SEO. The only way to avoid this is to put your trust into people that you be
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by ItsMonkk 5y ago
Your co-workers argument was an appeal to authority. That's not sufficient. Your argument is a straw-man. That's also not sufficient. The set of patterns that you mention are a different paradigm from the typical OOP-based paradig
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by ItsMonkk 5y ago
Exactly. Linus was able to out-compete a team of hundreds of Microsoft Engineers who spent years building a Source Control system by himself within a span of 10 days when he built git. You can't take Microsoft Source Control, add a few
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by ItsMonkk 5y ago
Understood. So even with the Lightning Network Bitcoin will not be able to keep up with the transactions and transacting in it will be extraordinarily expensive. Currently block fees are 5% of the block reward. In 2024 when the next halveni
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by ItsMonkk 5y ago
This is what I am hearing from the Bitcoin crowd 1. Bitcoin mining will eventually halvening away and all security will be funded by transaction fees. 2. Most transactions will move to the Lightning Network and be practically free. As the L
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by ItsMonkk 5y ago
This matches my take. Note your 4 options is what will happen to prices. If he chooses to buy consumption goods, those things will rise in price by some amount. If he chooses stocks, the person that sold that stock to him will want a higher
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by ItsMonkk 5y ago
I think this is actually a large reason that the Baader-Meinhof phenomenon exists. In this framing of Baader-Meinhof, it is something that appears constantly, but as it is to weird you ignore it. Then as you discover more things related to
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by ItsMonkk 5y ago
Yep, this is something I noticed as well. Reddit calls its subreddits communities, but most communities are not about the people but about the content. As you can only have nuanced conversation when you repeatedly run into the same people,
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by ItsMonkk 5y ago
The early internet did #3 much better than today. I'm still a member of a ~50 member forum that's been going for 20 years, and the ability to discuss nuanced topics is much better than it is here, even if the average quality of th
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by ItsMonkk 5y ago
> Bitcoin is wildly deflationary. Therefore it does not encourage an economy to function With the rapid increase of the Money Supply of the USD, this is no different than any other Asset, especially Buyback driven stocks(where the supply
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by ItsMonkk 5y ago
Fred Brooks had it right oh so many years ago. Communication is an exponential cost, so the more skills that you can give to a single person, the more they can do. But it's even better than that, as every time communication occurs you
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by ItsMonkk 5y ago
Here's why this matters to you. When the Fed funds rate is at 10%, the mortgage rate is 13% or so. That says that the risk that you have is 3% above the risk free rate. When the Fed funds rate is 0%, your mortgage rate is 3%, that same
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by ItsMonkk 5y ago
I disagree, and agree with Mark Seemann's take[0]. If something is better, switch to it even if it causes inconsistencies. Over time you can refactor the old code. You've limited your projects progression to if a billion dollar co
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by ItsMonkk 5y ago
This reminded me a lot of Jessitron's latest blog post.[0] [0]: https://jessitron.com/2021/05/26/a-high-resilience-org-chart...
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by ItsMonkk 5y ago
If I was a Professor teaching the same class to two different sections, it would be really neat to give the entire winning section extra credit based on the difference between the average values of the two sections. This would encourage gro
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by ItsMonkk 5y ago
I actually learned this lesson playing World of Warcraft, a Massively Multiplayer Online game. You see in WoW there is a huge timesink of effort required to beat the game. We're talking thousands of hours of gameplay. It's a socia
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by ItsMonkk 5y ago
pg has a good article on doing things that don't scale[0] and showed how the AirBnB guys went and setup the first listings manually, but it's actually far more general than just kicking off the network effect. Moats are things tha
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by ItsMonkk 5y ago
There was a recent Chess topic[0] that should help explain better. Basically all the engines in Chess start with the present position, and try to look into the future move by move. To be able to find the winning position like that is almost
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by ItsMonkk 5y ago
Exactly. > When a measure becomes a target, it ceases to be a good measure. - Goodhart's Law > The more any quantitative social indicator is used for social decision-making, the more subject it will be to corruption pressures and

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