bwfan123

17 ms·

1. 361.▲
   by bwfan123 1y ago

   The "framing" is a tactic called "assuming the sale" - where statements are made as-if they are already true and the burden is placed on the other side to negate. Combine that with other tactics like fomo, scarcity, and
2. 362.▲
   by bwfan123 1y ago

   Reminds me of the new-age BS generator [1] which thankfully remains up. [1] https://sebpearce.com/bullshit/ A parody of the LLM era that we are in.
3. 363.▲
   by bwfan123 1y ago

   > we've let the doors wide open for all the food to enter. Junk or otherwise, without, from our part, any knowledge of what is healthy and what not. Tremendous amount of choices, little, close to zero knowledge about what is good a
4. 364.▲
   by bwfan123 1y ago

   > AI coding agents are increasingly writing the world's code and human engineers now spend the majority of their time planning, reviewing, and orchestrating tasks. This tactic is called "assuming the sale". ie, Make a sta
5. 365.▲
   by bwfan123 1y ago

   I can hear echos of an earlier era. There was yahoo-pipes and web-services frameworks which rhyme with MCP and agentic.
6. 366.▲
   by bwfan123 1y ago

   I would put it differently. > can't fit all the "knowledge" out there know-that is less important than know-how in the longer run. knowledge pertains to the know-how (or theory) than about know-that (facts) > default be
7. 367.▲
   by bwfan123 1y ago

   I am not so sure, since the article does not explain the biggest source of profits which is the put-options that were "bought" by jane street ! It only talks about options that were "sold".
8. 368.▲
   by bwfan123 1y ago

   thanks for the your perspective on this ! It is somewhat depressing to view it in that light, but thats the way it works. Being in STEM, and not in finance, I thought reputation and trust matter in banking and finance based on articles like
9. 369.▲
   by bwfan123 1y ago

   > You’ll see Jane Street will pay a fine and come out on top Maybe, but the stain on their reputation is hard to wash off. They will forever be known as a manipulator. What was a geeky ocaml wielding quant shop is now viewed as plain-old
10. 370.▲
    by bwfan123 1y ago

    Any stock with large retail options trading volume is ripe for shenanigans, and I can bet tsla is one of them.
11. 371.▲
    by bwfan123 1y ago

    There were fools in size in that market, and they got fleeced. What were they doing ? If anything, JS was teaching them a lesson - and now, with this action, they will be bolder in their foolishness, and someone else will separate them from
12. 372.▲
    by bwfan123 1y ago

    > Any sufficiently advanced AI technology is indistinguishable from bullshit love this quote ! The whole sales-pitch for AI is predicated on FOMO - from developers being replaced by AI-enabled engineers to countries being left-behind by
13. 373.▲
    Jane Street barred from Indian markets as regulator freezes $566M(cnbc.com)

    521 points by bwfan123 1y ago|338 comments
14. 374.▲
    by bwfan123 1y ago

    I am shocked by the size of the retail index options traders. They are selling put options naked without any underlying hedges and getting fleeced as a result. Two strategies are detailed with trades: 1) expiry day price discrepancies betwe
15. 375.▲
    Interim Order in the matter of Index manipulation by Jane Street Group(sebi.gov.in)

    5 points by bwfan123 1y ago|1 comments
16. 376.▲
    by bwfan123 1y ago

    Two strategies are detailed with trades. 1) expiry day index option strategy 2) expiry day painting the close strategy Quite shocking how many traders were selling put options naked without any hedges. Also, the strategy seemed completely l
17. 377.▲
    by bwfan123 1y ago

    > Everything looks good to the untrained eye thats the trick with bullshit in general. > LLM abuse is going to be the end of so many tech companies and is also going to provide a lot of opportunities for experienced engineers to clean
18. 378.▲
    by bwfan123 1y ago

    this 3 page classic [1] captures most of the core ideas and explains it in a manner anyone with basic calculus background can understand - "Learning representations by back-propagating errors" [1] https://gwern.net&#x2F
19. 379.▲
    by bwfan123 1y ago

    I am sure they will continue to improve just as the static-analyzers and linters are improving. But, fundamentally, LLMs lack a theory of the program as intended in this comment https://news.ycombinator.com/item?id=44443109#
20. 380.▲
    by bwfan123 1y ago

    Thanks for sharing this beautiful essay which I have never come across. The essay and its citations are thought-provoking reading. IMO, LLMs of today are not capable of building theories ( https://news.ycombinator.com/item?id
21. 381.▲
    by bwfan123 1y ago

    nope, there are limits to what next-token predictions can do, we we have hit those limits. cursor and the like are great for some usecases - for example a semantic search for relevant code snippets, and autocomplete. But beyond that, they o
22. 382.▲
    by bwfan123 1y ago

    heres mine.. 0) theory == symbolic representation of a world with associated rules for generating statements 1) understanding the why of anything == building a theory of it 2) intelligence == ability to build theories 3) reasoning == provin
23. 383.▲
    by bwfan123 1y ago

    the difference is between having a "model" and a "theory". A theory tries to explain the "why" based on some givens, and a model tell you the "how". For engineering, we want why and not how. ie, for b
24. 384.▲
    by bwfan123 1y ago

    This is a nice explanation of language, and the world-model that the language is intended to depict. If I understand you correctly, formalism is a kind of language where the world-model (ie, items and actions in the world depicted by the la
25. 385.▲
    by bwfan123 1y ago

    > I’m curious if the author would consider that these lofty caveats may be more plausible today than they were when the text was written. What is missed by many and highlighted in the article is the following: that there is no way to be
26. 386.▲
    by bwfan123 1y ago

    thanks !, I am curious how this relates to the recent "monarch" announcement - which has similar goals of facilitating large scale fault tolerant training [1]. [1] https://github.com/pytorch-labs/monarch/
27. 387.▲
    by bwfan123 1y ago

    > Not anymore, apparently. Now we make fun of them for doing that. What ? do things when it makes sense, not as a top-down mandate. Somehow, ceos/management have gotten AI religion, are now thrusting it top-down. This is like manage
28. 388.▲
    by bwfan123 1y ago

    Can authors of such articles at least cite Dijkstra's "On the foolishness of "natural language programming"." which appeared eons ago ? Which presents an argument against the "english is a programming language&
29. 389.▲
    by bwfan123 1y ago

    There are 2 kinds of usecases that software automates. 1) those that require accuracy and 2) those that dont (social media, ads, recommendations). Further, there are 2 kinds of users that consume the output of software. a) humans, and b) ma
30. 390.▲
    by bwfan123 1y ago

    And then, there are "architecture astronaut"s dreaming of an entire internet of MCP speaking devices - an "internet of agents" if you will. That is now requiring a separate DNS, SMTP, BGP etc. for that internet.