Moodles

45 ms·

421.
by Moodles 8y ago
Yeah, even more intuitively, there will just be a Nash equilibrium: 1. Everyone wants to make money. 2. People will look for the best way to make money. 3. If enough people are in index funds, the best way is to go active. If enough people
422.
by Moodles 8y ago
So exhausting. Give them a break. They did a nice thing.
423.
Blockchain may resolve Irish border Brexit problem: Hammond(reuters.com)
1 points by Moodles 8y ago|0 comments
424.
by Moodles 8y ago
The number one ranked one in the world for economics, actually.
425.
by Moodles 8y ago
Well, I have first class degree in economics to be fair. I got the highest score across the university. I didn't just take one class and make my mind up. But I agree that doesn't make me an expert in the field. I also agree behavi
426.
by Moodles 8y ago
It’s cool to have some mathematical rules of thumb to describe crowds and so on if it is backed up by experimental data. I did an economics undergrad. One thing that really frustrated me about the whole subject was how they kept calling it
427.
by Moodles 8y ago
I agree. It is frustrating. These journalists have an incentive to make their articles as sensational as possible.
428.
by Moodles 8y ago
If an article says Trump gave a speech, how do you verify with machine learning, using a blockchain, that Trump literally gave a speech? I don’t really understand your business. It’s a business, but also dencentralised. Are you trying to ve
429.
by Moodles 8y ago
> my company .... decentralized Can you explain this step?
430.
by Moodles 8y ago
hey everyone lets record every transaction from everyone on a big government database so we can solve trade disputes if someone steals my yacht and crashes it.
431.
by Moodles 8y ago
I think DAGs are possibly even more useless.
432.
by Moodles 8y ago
I actually conjecture that blockchains are only useful for cryptocurrencies like bitcoin. It's when you see companies using them for tracking their supply chain, their music, their photos, their porn, their bananas in Laos, their weed,
433.
by Moodles 8y ago
Indeed I have conjectured multiple times that I think the only application of blockchains is in cryptocurrency. Introducing any physical asset like a yacht or a banana in Laos or a diamond in Africa really doesn't make sense: you can&#
434.
by Moodles 8y ago
There is no need to have a database replicated everywhere across a network and for all nodes in the network to be constantly engaging in a consensus protocol to agree upon the state on the ledger for some cars to communicate. Almost always
435.
by Moodles 8y ago
You are trying to solve a problem with a blockchain that does not exist. Also, exactly how does your blockchain even know "this yacht now belongs to this person"?
436.
by Moodles 8y ago
Are you capable of being precise?
437.
by Moodles 8y ago
I have a PhD in cryptography. Please be precise. Exactly what problem will blockchain solve for vehicles? You can't just hand wave and say stuff like "decentralized trust management" and expect us to nod along.
438.
by Moodles 8y ago
Now explain to a technical audience why some people say nonsense like how it’s the next internet or how it’ll change the world please.
439.
by Moodles 8y ago
> it's opened the gates to people working well below a living wage because there's nothing else Haven't you just walked into an argument for abolishing the minimum wage here? (I'm not arguing for or against minimum wa
440.
Instagram Founders Leave(bbc.co.uk)
2 points by Moodles 8y ago|0 comments
441.
by Moodles 8y ago
I hope I understand too. I hope blockchains become as useful as the hype suggests. But I bet my career on it that it won't. Let's set a reminder for 10 years and see what happens? :-) We could bake a bet into a smart contract. (Ac
442.
by Moodles 8y ago
I know why you would use a blockchain: for cryptocurrency like bitcoin. As I say, I conjecture there are no other applications. You made me think you might be suggesting some proof of work scheme instead of "proof of authority" be
443.
by Moodles 8y ago
You talked about bitcoin. That's entirely different to a "private blockchain". So that is why I think the target keeps moving in this conversation. Or are you suggesting proof of work or something? If so, then I am exiting ou
444.
by Moodles 8y ago
To be clear, what are you trying to convince me of? The target keeps moving. Are you trying to convince me that a blockchain is needed instead of Git for a currency like Bitcoin? In that case I agree. In fact I conjecture that blockchains a
445.
Famed mathematician claims proof of 160-year-old Riemann hypothesis(newscientist.com)
16 points by Moodles 8y ago|2 comments
446.
by Moodles 8y ago
Yes, this is what I expect to happen. 1. Satoshi comes up with this clever blockchain thing with proof of work and hashing and append-only characteristics. It solves a very specific problem. 2. It involves money and new tech so business peo
447.
by Moodles 8y ago
We sound quite similar. I also accidentally ended up working in this space a few months ago and started off incredibly cynical (my first meeting telling everyone there I don't think there are any useful applications relevant to the bus
448.
by Moodles 8y ago
Basically in both cases the problem is a centralized repo, right? That's not really a problem with signed commits though, is it? E.g. Google's certificate transparency or Keybase. At this point we are arguing over the definition o
449.
by Moodles 8y ago
Haha yeah, it's comical how crazy the hype is. 1. Blockchain was this clever solution related to money. Anonymous person invented it. Some news about crime around it. Lots of money around it. So blockchain is this money thing and techn
450.
by Moodles 8y ago
Git with public/private keys is literally that. I don't understand why there's hype around blockchains. Besides, how can people say a private blockchain is "trustless"? You just said "POA" ( = proof of aut

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