beefield

72 ms·

931.
by beefield 9y ago
Because if I understtod anything correctly, the methods tries to find the smallest possible changes that causes the network to make the incorrect classofication. And these smallest possible changes just might be very sensitive to whatever s
932.
by beefield 9y ago
From macroeconomic perspective it does not matter if the monetary supply is fixed or just pre-defined, it is equally bad idea. If you want to have a currency that society runs on, that is.
933.
by beefield 9y ago
I wonder how sensitive these results are. I mean, if you run one more learning round of the network, does the rifle turn to turtle in the eyes of the network immediately so that you would need to generate a new turtle for every single netwo
934.
by beefield 9y ago
> you need to pay salaries in order for company to continue operating. If you don't, the employees will just quit. you need to get funding in order for company to continue operating. If you don't pay a decent return for the fun
935.
by beefield 9y ago
> paying shareholders anything at all is in direct conflict with paying salaries to workers Paying workers anything at all is in direct conflict with generating shareholder value. Key is "long term". If you want to maximize l
936.
by beefield 9y ago
> Could we invent something better? How about making just a small tweak to the limited liability corporation legislation/rules? Currently the main purpose of a corporation is to maximize the (long term) shareholder value. What if t
937.
by beefield 9y ago
But of course there are large scale industrial customers that do transact directly in the wholesale market and not through a retailer, and of course they were paid to use the electricity. Then it is up to you and your retailer if you have a
938.
by beefield 9y ago
> For whom? For the parties transacting in the electricity markets with negative prices. The one producing electricity is paying positive amount of money to the one that consumes electricity. Of course, transmission costs need to be take
939.
by beefield 9y ago
> A negative price in the wholesale electric markets does not mean the electricity is "less than free." I find this a bit confusing. That is exactly what a negative price means. There are points in time when you are paid to c
940.
by beefield 9y ago
Or turn from government regulated monopolistic market to actually free market i.e. torrents.
941.
by beefield 9y ago
Theoretically: Let's just agree with all bitcoin holders for a few moment to not to sell bitcoins to anyone but me. Then, I buy one satoshi (0.00000001 BTC) for one dollar. Just like that, the bitcoin market price is now 100 million do
942.
by beefield 9y ago
Efficient markets, price contains all available information, rational expectations and whatnot there were. Oh, yeah, almost forgot, I don't even know what a bubble means. These words have become popular. I don't think they have a
943.
by beefield 9y ago
Why would you expect bitcoin to stabilize? I see no mechanism that would do that. Gold has had thousands of years of use as money-like instrument, and only periods of relative (nominal) stability during the last century or so have been when
944.
by beefield 9y ago
> I have a bitcoin debit card. I use it to pay all of these things. Your argument is akin to a person in the US saying that a person from Europe using their visa card, isn't using real money, because you don't control it. If th
945.
by beefield 9y ago
It does not matter. You need less than a dollar's worth of lithium to a kWh of battery thay costs 200 dollars. Once you increase a price of commodity by an order of magnitude - which we can here easily afford - all current reserve esti
946.
by beefield 9y ago
> general public does not think about it that way. I agree that general public is utterly incapable of understanding basic concepts of probability. (See: Clinto had probability 52% of winning. Trump won -> Forecast was wrong . How s
947.
by beefield 9y ago
> I have yet to see "safe" defined in some probabilistic way https://www.moodys.com/sites/products/DefaultResearch/200710... Of course, when you start defining "safe" in a probabilistic
948.
by beefield 9y ago
> Then I can decide as a user if I want to hold my currency in a "bank" that loans out 70% of their assets, or one that loans out 10% of their assets. But but both of them are by the definition a fractional reserve bank. And
949.
by beefield 9y ago
> coinbase can loan out money, but have it be transparent and somewhat enforceable via smart contracts of some sort. That is quite weird concept for me. How can I, as a borrower, use borrowed money in any meaningful way if that money is
950.
by beefield 9y ago
> I believe this works via the routing system. So even though you don't have any more BTC in your initial allocation, you can get some from someone else still in the lightning network. Okay, so I could buy BTC from coinbase without
951.
by beefield 9y ago
> To start off, I'm really enjoying this conversation! Thank you, it is interesting. > But then you are just using fiat currency with an extra step That is for me and my counterparty to decide separately, the actual transaciton i
952.
by beefield 9y ago
> But bitcoin does provide value to me. Sure, as likely did whatever tokens were used to mark participation in Ponzi's scheme;) > It is a quick and secure payment channel that isn't at the mercy of any one government or bank
953.
by beefield 9y ago
To be more precise, you want to transfer $100,000 worth (subject to value changes during the transaction) of BTC. If you want to transfer $100,000 using BTC, my current understanding is that you end up paying more (note also bid-ask spread
954.
by beefield 9y ago
If many people don't think that the way how ponzi and bitcoin increase in price/value[1] are very similar, they are flat out wrong. Of course, there are also differences. With ponzi people typically are deceived to think there is
955.
by beefield 9y ago
In addition to assuming that Lightning will one day materialize, you also need to assume that people are willing to store non-trivial amount of their wealth in an inherently volatile asset whose only reason to appreciate in value (by defini
956.
by beefield 9y ago
Out of curiosity, how much that would cost and how long it would take for the transaction confirm? I know, you can't know that for sure beforehand (what a wonderful property for a currency), but current best guess? (The last numbers I
957.
by beefield 9y ago
One step forward to manage spreadsheets would be if there was a way to enforce relational database table looking sheets. I mean, you should be able to lock a sheet in a way that anything you enter to a column must be of same type, you can&#
958.
Will the Autonomous Car Revolution Leave Poor People Behind?(jalopnik.com)
2 points by beefield 9y ago|0 comments
959.
by beefield 9y ago
That is a valid point. But to give context, the discussion I refer to was about whether there are reasons to keep small languages alive. And my opponents argument was that losing a languagle loses also ways to think, whereas my argument was
960.
by beefield 9y ago
I think that is pretty trivial thought. To go tto the other end, if thinking is verbal, why can't I pick a book where Einstein explains general relativity and immediately grasp it?

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