beambot

29 ms·

421.
by beambot 4y ago
Youthful hormones and social belonging are pains too... Consumer pains are often more abstract.
422.
by beambot 4y ago
It has earned its title as "one of the two hardest problems in computer science": cache invalidation, naming things, and off-by-one errors.
423.
by beambot 4y ago
Hardware doesn't have an indefinite shelf life either. Are people also keeping engravings & whatnot as ultimate backup?
424.
by beambot 4y ago
Apples & oranges: wind is an intermittent generator versus eVinci for base generation
425.
by beambot 4y ago
Except that any temperature above 100C means you're now dealing with a pressurized environment...
426.
by beambot 4y ago
Such "zombie" companies are effectively a write-off for venture investors given the power law dynamic of their funds. Usually the SAFEs will be negotiated away (modest payout or written down to zero) as the 10-12 year lifetime of
427.
by beambot 4y ago
LoL, exactly. "Well, it wasn't pre-meditated 1st degree murder... just good old grossly-negligent homicide."
428.
by beambot 4y ago
Our house was made in the 1950s using California redwood. Design aside, this product quality is impossible today; you simply cannot find old-growth redwood to construct sufficient housing. I'm not even sure it was justifiable to util
429.
by beambot 4y ago
You admit that you were completely oblivious to a Top-3 CEX, and then proceed to prognosticate about crypto cycles and investment timing...? Respectfully: doesn't inspire much confidence.
430.
by beambot 4y ago
I'm not sure I follow... SBF seems to be talking about the marginal utility of a dollar. True, most people think of this value as logarithmic. However, Kelly Criterion makes no such assumption: It's simply the optimal bet size (
431.
by beambot 4y ago
Quick detour: expected value alone does not optimally maximize your long term outcome. Bet sizing (a la Kelly Criterion) is just as critical. E.g. if you had a weighted coin that was 50-50 odds with 3-to-1 payout, you wouldn't bet your
432.
by beambot 4y ago
That's heretical & anti-consumerism. Be a good citizen: Drink your sugar water, blow up your healthcare costs, increase money velocity. Broken Window Fallacy for the win!
433.
by beambot 4y ago
1800s? Let me tell you about quantitative easing and sub-prime mortgage backed securities...
434.
by beambot 4y ago
Are "results" the only thing that matter to you? Let's say you have two leaders in this situation. #1 says "The macro economic climate is bad, so we're laying people off." #2 says "I made a mistake; this
435.
by beambot 4y ago
Perhaps -- in the same way that the difference between a religion & a cult is really just a matter of scale and mass acceptance. To be clear: I'm not advocating against the model of money as we know it today... All models are wron
436.
by beambot 4y ago
The ~1 hour YouTube series The History of Paper Money by Extra Credit is a good, factual starting point presented in an entertaining fashion: https://www.youtube.com/watch?v=-nZkP2b-4vo
437.
by beambot 4y ago
In the Glass-Steagall sense, they probably shouldn't. Mixing commercial banking and investment banking was illegal from 1933-1999, and it is (arguably) one of the underlying factors in the 2008 financial crisis. Note: There's a di
438.
by beambot 4y ago
My read of the situation: SBF's comments were about assets (balance sheet) rather than FTX's liquidity. I believe SBF was saying (paraphrasing) "Our balance sheet is fine; FTX doesn't invest customer assets; we're
439.
by beambot 4y ago
Largest might be a stretch. I suggest spending some time reading about John Law, the South Sea Bubble, and the Mississippi Company. When you realize that all of these ponzi schemes ultimately resulted in modern central banking, you migh
440.
by beambot 4y ago
Banks don't have cash on hand equal to assets either...
441.
by beambot 4y ago
> hierarchy and office culture There could be dozens of other reasons beyond just these two... The single most common fault that I see is perspective. Individual sections have limited context or visibility of the whole picture to assess
442.
by beambot 4y ago
For many of these proceedings, the DOJ will pick whichever charges are the most likely for a jury to convict (i.e. simple & unambiguous crime) rather than the most harmful. Once the guilty/not-guilty determination is made, then a
443.
by beambot 4y ago
Always reminds me of this: > Harrison, known as the “Man With the Golden Arm,” has donated blood nearly every week for 60 years. After all those donations, the 81-year-old Australian man “retired” Friday. The occasion marked the end of a
444.
by beambot 4y ago
Prehistoric watermelons were vastly different from the fruit we eat today. It's likely they were predominantly consumed for the seeds, and consumption of pulp was only after many many generations of selective breeding. Worth a read: h
445.
by beambot 4y ago
You have to (at least!) account for concurrent edit & access. I remember the hellscape that was emailing files like ProjectPlan_v6_beambotEdits_latest.xls to team members.
446.
by beambot 4y ago
> First it was confirmation about Margulis’ endosymbiotic origin of mitochondria and chloroplasts. Then the discovery and classification of archaea. Sounds neat. Can you elaborate on these two topics or provide links digestible for a lay
447.
by beambot 4y ago
Gotta DeMorgan's that statement to capture the true essence: Being not-incarcerated and not-dead is high utility for most people.
448.
by beambot 4y ago
What makes you think the government could run them better...?
449.
by beambot 4y ago
Earth's magnetic field is way too small to orient magnets in someone's pocket. The level of friction is substantial! For example: Even the strongest rare earth magnets do not self-orient when sitting on a table. There's
450.
by beambot 4y ago
When our robots [1] provide some sort of screen-based interaction, there's always an option to speak with a human via remote video chat. There's this misconception that everything needs to be autonomous all the time. Not only d

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