cs702

34 ms·

421.
by cs702 2y ago
My understanding is that interest rates should be changed only * to help keep inflation or deflation from getting out of control, and * to help keep the financial system stable in times of crisis. My understanding is also that changing rate
422.
by cs702 2y ago
The word "preferred" in "preferred stock" indicates that owners of the preferred stock are entitled to get back the full amount of principal invested plus cumulative dividends (together, they are often called the "l
423.
by cs702 2y ago
LaTex didn't exist when Turing wrote that paper in the 1930's. I don't known if anyone has gone through the trouble to re-typeset the original paper in LaTex.
424.
by cs702 2y ago
It's not only me saying that. A long list of prominent people have noticed, described, and given names to this well-known phenomenon over the past four-plus decades. I think it was billionaire investor George Soros who first popularize
425.
by cs702 2y ago
Great list of papers. I've read five of of the seven papers on the list. The two I haven't read are Cerf and Kahn's, and Berner-Lee's. Turing's paper on computability was particularly hard to follow, for me, because
426.
by cs702 2y ago
I never said that all people holding the notion of free markets treat it like a religious goal. "A lot of business people and government officials" ≠ "people holding the notion" (your words). PLEASE STOP attacking a stra
427.
by cs702 2y ago
Oh, I'm a capitalist. I believe Churchill was right when he said that capitalism is the worst economic system ever invented, except for all the others that have been tried before. I never said we should do away with a market economy. A
428.
by cs702 2y ago
As I wrote elsewhere on this thread ( https://news.ycombinator.com/item?id=42783130 ), the problem is that a lot of busy people treat the "practical notion" that markets produce good, high-quality outcomes as if it
429.
by cs702 2y ago
I'm not sure I understand what you're saying. The whole edifice of "markets converge toward general equilibrium" rests on the assumption that people are rational, i.e., maximize utility -- which is economist jargon for &
430.
by cs702 2y ago
I did not allege that everyone holding that notion treats it like a religions goal. "A lot of business people and government officials" ≠ "everyone." Please don't attack a straw-man.
431.
by cs702 2y ago
The problem is that a lot of people treat those assumptions as if they were sacred, fundamental laws of the universe. There are a lot of business people and government officials for whom the notion of "free, unfettered markets"
432.
by cs702 2y ago
For anyone here who doesn't get the reference to spherical cows, it's from an old joke: > Milk production at a dairy farm was low, so the farmer wrote to the local university, asking for help from academia. A multidisciplinary
433.
by cs702 2y ago
Sorry, I wrote the equation for homogeneity of degree one by mistake. I edited my post to the link to the Wikipedia page on homogeneity instead. Thanks.
434.
by cs702 2y ago
Thank you. I inadvertently wrote the equation for degree one homogeneity, from memory. I replaced the equation with a link to the Wikipedia page.
435.
by cs702 2y ago
I can't. There's basically no theory behind the "Laffer curve." IIRC, it relies on two assumptions. Assumption #1: If the income tax rate is 0%, the government will collect zero income taxes. This assumption is basically
436.
by cs702 2y ago
The Sonnenschein-Mantel-Debreu Theorem states that the excess demand curve for a market economy of rational agents can take the shape of any function , subject only to three fairly general conditions: the function must be continuous, must
437.
by cs702 2y ago
Normally I would flag an OP like this one, but in this case I will NOT, because the sight of one of the world's most well-known and successful entrepreneurs giving the Nazi salute in public at a presidential inauguration has left me in
438.
by cs702 2y ago
A more appropriate title would have been " Modeling the Risk of a Population Collapse." Please consider changing the title. Even though the original title is too clickbaitish for my taste, I'm upvoting the OP because I found
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My First Impressions of Web3 (2022)(moxie.org)
1 points by cs702 2y ago|0 comments
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by cs702 2y ago
Great post. Highly recommended. Thank you for sharing it on HN. My take: Many "Web3" applications naively rely on conventional "Web2" infrastructure, so they are exposed to conventional attack vectors. The OP is just the
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by cs702 2y ago
That page has more substantive comments. Your comment should be at the top here.
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by cs702 2y ago
2007. The presentation reads like an eerily accurate crystal-ball prediction of what actually happened in subsequent years. Evidently, Nokia executives knew well in advance what the iPhone could do to their company. Evidently, they knew the
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by cs702 2y ago
Sure, Musk is and has always been over-optimistic about the state of self-driving, but the OP reads too much like a hit piece intended to trigger outrage. I'm not sure the OP's data justifies its conclusions. Not recommended.
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by cs702 2y ago
Interesting. I like the idea of a meta-mechanism that learns to update an associative memory based on how surprising the data is. The other stuff, reading memory via keys and values and selectively erasing it with gating, look pretty conven
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by cs702 2y ago
AI companies go on forums to scrape content for training models, which are surreptitiously used to generate content posted on forums, from which AI companies scrape content to train models, which are surreptitiously used to generate content
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by cs702 2y ago
The OP starts with this paragraph: > A new scientific study published in the journal Foresight concludes that human civilisation is on the brink of the next ‘giant leap’ in evolution. However, progress could be thwarted by centralised f
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by cs702 2y ago
Yes, "first to arrive at AGI" could indeed become a moat, if OpenAI can get there before the clock runs out. In fact, that's what's driving all the spending.
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by cs702 2y ago
This rings true to my ears: > There is no technical moat in this field, and so OpenAI is the epicenter of an investment bubble. Thus, effectively, OpenAI is to this decade’s generative-AI revolution what Netscape was to the 1990s’ int
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by cs702 2y ago
It might be sufficient. We do not know. We have no way of knowing. Given their current scale, I don't think we can judge whether current AI systems "represent a dead end" -- or not.
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by cs702 2y ago
My completely unscientific impression is that other services are making the effort to produce high-quality films and series, including Apple TV+ (Slow Horses, Silo, For All Mankind, Foundation, etc.), Max/HBO (Barry, Curb Your Enthus

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