ItsMonkk

20 ms·

151.
by ItsMonkk 4y ago
It's mostly a demand shock, not a supply shock[0]. The supply chains are busted mostly because of unprecedented demands. But considering that most normal people spend just about all of their money each month, and with personal savings
152.
by ItsMonkk 4y ago
Are there any Personal Finance apps that gives you your own inflation number by tracking your spending? This seems like such an obvious feature but I've never seen it.
153.
by ItsMonkk 4y ago
I like to think of money like water. You've got most people who spend every cent they get, that's rivers. You've got upper class people that save some, but if they have a lot they will spend slightly more, that's lakes.
154.
by ItsMonkk 4y ago
I see tech debt and simplicity as a mixture between 'tyranny of small decisions' and each individual coders 'cleanliness' level. Each individual coder has a code cleanliness level, similar to how every friend's Mom
155.
by ItsMonkk 4y ago
You think that companies are going to issue new stock in order to ensure that the value of their company doesn't go UP? If anything, the more they take out loans and buyback their stock, the faster it goes to infinity. And the faster i
156.
by ItsMonkk 4y ago
This isn't taking into account that there is really no such thing as 'passive'. In reality, passive investors are constantly either investing with their paycheck, or selling in retirement. They are the world's simplest a
157.
by ItsMonkk 4y ago
The value of the house goes up. The value of the land gets wrecked. If you are living in SF, this is bad. If you are living in the middle of nowhere, this is good for you.
158.
by ItsMonkk 4y ago
His more recent paper on the move operation[0] goes into some of the details further and while I don't fully understand it myself, the claims he makes along with the proof assistant nature he uses to work through them are fairly compel
159.
by ItsMonkk 4y ago
Not quite. Bitcoin difficulty adjusts every 2000 blocks, which typically happens every two weeks. If the hashrate drops, those blocks happen less often, so the adjustment happens less often. These past years the Bitcoin ASICs have been trem
160.
by ItsMonkk 4y ago
Not true. > This paper shows that the situation with BFT CRDTs is very different from BFT consensus: it is possible to guarantee the standard CRDT consistency properties even in systems in which arbitrarily many nodes are Byzantine, e.g.
161.
by ItsMonkk 4y ago
Rates should ideally be set such that the increase(or decrease) of actual productivity matches the increase of the money supply. If people aren't taking enough loans, then the rates should be lowered. If people are taking to much loans
162.
by ItsMonkk 4y ago
Right, so you could see that 30 trillion + commercial number as a loan that the federal government is taking out that they only need to pay the interest on as it accrues(as people spend their land tax credits). This is something the federal
163.
by ItsMonkk 4y ago
I'm a huge fan of instantaneous change, as it instantly sets the incentives, but am willing to have a large transition period. If we were to do an instant change, the best way to do that is to give everyone a tax credit equal to the va
164.
by ItsMonkk 4y ago
If you make the assumption that PI is 3.14, that's going to work for a good while. But eventually you are going to need to build a circle that's bigger, and 3 significant digits will not cut it, and errors will start showing up. O
165.
by ItsMonkk 4y ago
The solution to this problem is AdBlock. Everything that AdBlock needs to be the success that it is today is exactly what we need for social platforms as well. Both for moderation(filters), and for the 'algorithm'(sorting). Want t
166.
by ItsMonkk 4y ago
Right, inflation is based on consumption. So home prices going up is not inflation, as homes are considered investments. So when Bill Gates becomes the world's largest private farm-owner and buys a billion dollars worth of farmland, th
167.
by ItsMonkk 4y ago
Well, what happened in 2008? Stocks down 50%, housing down 30%. Buying housing was a better investment than stocks. But as both were down, simply holding cash was better. But that's only because the wealthy were hedging against a hyper
168.
by ItsMonkk 4y ago
For a long time this always felt awkward to me but I was never able to pin-point exactly what was wrong. Then I found georgism, with its claims of not needing any income and capital gains taxes, and it was even harder to quantify. But I thi
169.
by ItsMonkk 4y ago
Yep, this is the way I've always seen it too. You need to avoid the eat/crash/eat/crash cycle. For me the best fit is to eat breakfast, then don't eat anything until dinner. For others it's skipping a day. For
170.
by ItsMonkk 4y ago
Yep, the main argument for ads that they are for the population know about some new product is a classic case of the motte and bailey fallacy. Actually showing new products is the positive sum aspect of ads, and is indeed a good thing, but
171.
by ItsMonkk 4y ago
Feel like you would like this[0] article that goes extremely into MMO economies. [0]: https://www.desogames.com/virtual-labor-and-lessons-from-eco...
172.
by ItsMonkk 4y ago
Yeah, good question. Another thing to consider here is if instead of putting skyscrapers into Central Park, what would happen if it was instead paved over into a single massive parking lot? I think one way to handle this is to treat each &#
173.
by ItsMonkk 4y ago
There's several ways to look at figuring out the correct value. You can look at the value of the surrounding land, or you can look at the value of the improvements. What's nice about looking at the improvements is we should always
174.
by ItsMonkk 4y ago
Let me give an example. Let's say there is currently a property in San Francisco. It's 2100 SQ/FT, it's current market value is $2.5 million, and the house is appraised by insurance for $500k. The most optimal result, th
175.
by ItsMonkk 4y ago
Not true. It's not each piece of land that you are optimizing, but the community as a whole. If you were to build up Central Park, yes, you could get more income for that space. Because people get less access to things that they want,
176.
by ItsMonkk 4y ago
I'm extremely excited about CRDT Matrix[0], especially in the context of decentralized chains[1]. I think if we combine this message stream concept, with the entirely separate concept of torrent databases[2], you get the ability to get
177.
by ItsMonkk 4y ago
That's preposterous and I can easily prove why. Do you think it is just and fair that once a factory makes back its cost that it should then go profit free? Of course not. So there must be something different between public and private
178.
by ItsMonkk 4y ago
Both filtration(moderation) and sortation(the algorithm) should be handled exactly as Adblock handles it. People can create any list that they want, and people can choose to either subscribe to those lists or not, and can at anytime decide
179.
by ItsMonkk 4y ago
The reason that most taxes can be passed on is because as price is raised, the supply and demand curve is pushed and less is made. With land, there is a finite supply, none can be created, none can be destroyed, so land value taxes can not
180.
by ItsMonkk 4y ago
This is why we're starting occasionally to use the term "location value" instead of "land value". When we are taxing the land, what we are really accomplishing most of the time is taxing the positive externalities

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