alxmng

11 ms·

91.
by alxmng 4y ago
Apparently the Fed owns 1/3 of all mortgage bonds.
92.
by alxmng 4y ago
Banks can issue mortgages without fractional banking… Investors pool capital and start a bank. The bank loans money for homes and makes a profit from interest.
93.
by alxmng 4y ago
Right. AFAIK most games are essentially a loop which applies transformations to a huge number of items in a very short amount of time. Games have a lot of state and work with large amounts of data. Any kind of transaction (locking or copyi
94.
by alxmng 4y ago
STM suggests keeping at minimum the state of whatever operations are applied within a transaction (the transaction log). Allowing developers to create transactions with an unbounded number of operations sounds like a very bad idea, without
95.
by alxmng 4y ago
The majority of business capitalization isn’t a loan, but invested savings in return for equity. All of venture capital, the stock market, small business using their own funds, etc. Mortgages are collateralized, and business loans can be se
96.
by alxmng 4y ago
Yeah, I’d like to know more about this. Sounds like transactions baked into the language. How does that square with performance? To implement transactions there has to be a copy of whatever state is manipulated by the transaction. That is p
97.
by alxmng 4y ago
Interest on treasury bonds or federal reserve accounts can only come from new money. The Fed has no power to do anything but create money or sell money created by the treasury. All roads lead to the money printer. 1. When central banks rais
98.
by alxmng 4y ago
100% agreed. Government bonds are free money given to capital holders for doing absolutely nothing productive. It made sense when the government needed to raise revenue, but with fiat it’s just free money for nothing.
99.
by alxmng 4y ago
Yes, using Safari. I don’t categorize them. When I bookmark I add keywords to the title and use search to find bookmarks. Safari also E2E encrypts bookmarks with iCloud, so my bookmarks are synced across devices without worrying about priva
100.
by alxmng 4y ago
I do consulting work on web apps. I would estimate the majority of my time is not spent implementing the rather clear requirements, but fighting abstractions put in place by other engineers. And the larger the organization or more modules&#
101.
by alxmng 4y ago
Overengineering. There are many unnecessary layers of abstraction that serve no material, quantifiable problem, but satisfy someone's arbitrary notion of clean code or best practices. This results in new features taking longer to devel
102.
by alxmng 4y ago
Interest rates correlate strongly with treasury yields. https://en.macromicro.me/charts/762/us-fed-funds-rate-treasu... To increase the federal funds rate the fed has to sell treasuries (pushing up coupon rate, wh
103.
by alxmng 4y ago
The connection between monetary policy and inflation is weak. But the connection between how the monetary system is structured and an ever increasing money supply is clear and factual. Some MMT theorists suspect rising rates is at least no
104.
by alxmng 4y ago
How do you distribute equity? My idea: Map shares to dollars. So if you get a paycheck for $100, you get newly created 100 shares. So the people who get paid more get more equity, equity accrues according to how long someone is with the com
105.
by alxmng 4y ago
Yes. It’s counter-intuitive but both lowering and raising interest rates are inflationary. A rise in rates means more bond coupon and more bonds sold (new money), and lowering rates results in more bank lending (new money). A rise in rates
106.
by alxmng 4y ago
Sure. What would the study of human behavior or algorithms that aren’t computable with computers be called? Surely not “ computer science”…
107.
by alxmng 4y ago
Yes, analog computers are very interesting. Though they typically do include arithmetic operations. They were often programmed with patch bays and the program is the patch bay configuration. So the programming was still discrete.
108.
by alxmng 4y ago
Sure, let’s consult Wikipedia: “A computer is a machine that can be programmed to carry out sequences of arithmetic or logical operations (computation) automatically” “Computation is any type of arithmetic or non-arithmetic calculation th
109.
by alxmng 4y ago
Ah, yes. Type theory originates before programming. Type theory only has relevance to computers insofar as it’s used to prove things about programs. Type theory in the context of computing is about programming. We don’t call set theory and
110.
by alxmng 4y ago
An ASIC is a computer which runs a fixed program. Determining what the ASIC is supposed to do, and implementing it, is programming. People who design ASICs are programmers. A computer is a machine which runs programs (it computes). That&#x2
111.
by alxmng 4y ago
Computing is running a program. That's what computing is. An algorithm is a program. A computer is a machine that performs the algorithm, so we don't have to. The Turing machine computes the answer by running the instructions (t
112.
by alxmng 4y ago
The purpose of a type system is to ensure the correctness of programs. That's what they are, that's why they were invented, that's why they were studied. That CS involves math doesn't change the fact that it's about
113.
by alxmng 4y ago
Algorithms are programs . Computing is running an algorithm, the program. Computing is programming! The Turing machine was a theoretical concept created to prove things about whether we could program a machine to solve a certain class of
114.
by alxmng 4y ago
Reserve banking would be very stable if the central bank did it. If everyone had deposit accounts at the Fed, there would be no possibility of bank failure and no need for any kind of deposit insurance. And banks that issued loans going ban
115.
by alxmng 4y ago
If the only thing you could do with physics was build rockets, then physics would be akin to rocket building. There is no such thing as computers without programming. That CS isn't about programming is such an absurd perspective. Even
116.
by alxmng 4y ago
A type system is an aspect of programming . I would hope a CS course covers type systems.
117.
by alxmng 4y ago
We're not talking about biology. There is no such thing as computers without programming.
118.
by alxmng 4y ago
How is computer science not programming? The vast majority of CS research papers are about programming.
119.
by alxmng 4y ago
I think it’s just 1). Without 1) there is no purpose to the Fed really, since all their tools amount to manipulating interest rates and spending (printing) money unauthorized by the legislature. If there’s no fractional reserve, new money i
120.
by alxmng 4y ago
Myanmar (Burma)

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