dcolkitt

11 ms·

61.
by dcolkitt 4y ago
Modern nutrition science has found that each person, at any given time, has a "metabolic setpoint". This is basically a target weight that their endocrine system is trying to keep them at. There's a feedback loop, where below
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by dcolkitt 4y ago
Disagree. People genuinely enjoy those foods, because they're tasty and flavorful. And there's zero reason to believe that they're substantially unhealthy unless consumed to the point of sustained caloric surplus. We know thi
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by dcolkitt 4y ago
No, the fundamental reason for lack of housing affordability is a lack of supply relative to demand. Since 2008 we've dramatically under built new housing units relative to household formation. Playing with inflation or interest rates
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by dcolkitt 4y ago
The problem with GPT is that it seems to be in an uncanny valley, where it's smart enough to be convincing but not smart enough to be completely accurate. So using it is often lower productivity than just writing from scratch because
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by dcolkitt 4y ago
It's extremely rare for healthy adults to have iron deficiencies in developed countries. Blood iron levels are linked to cancer, diabetes, heart disease and Alzheimer's.[1] Particularly among populations of European descent, where
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by dcolkitt 4y ago
Veterinary spending has increased (as a result of higher disposable incomes leading to higher consumption), but it's not true that the cost of veterinary healthcare has increased. > The researchers track a “basket” of the most com
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by dcolkitt 4y ago
In the same way that someone can also start a new city at any given time. Yet, the price of real estate in Manhattan remains expensive. Blockspace on major pre-existing chains is valuable because 1) the ability to compose with other applica
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by dcolkitt 4y ago
> Because what would I do with it?... It isn’t going to do anything. This isn't strictly true. The fundamental utility of crypto assets is to pay for transactions that execute on blockchains. Blockspace is a scarce resource, and run
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by dcolkitt 4y ago
Resilience against a 51% attack has nothing to do with a "diversity of users". It simply has to do with the security budget (block rewards and block space fees) being high enough to incentivize honest consensus over reorg attacks.
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by dcolkitt 4y ago
The problem with Bitcoin is that the current economics of the network are long-term unsustainable. The current incentive for miners to secure consensus are block rewards. But block rewards halve every four years (which is how Bitcoin enable
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by dcolkitt 4y ago
Technically the original post should s/node/validator/. But besides that minor quibble it's still essentially correct.
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by dcolkitt 4y ago
> Blockchains just are not a particularly good datastructure for most applications. Very few applications are bottlenecked by the efficiency of their data structure. Computing is filled with examples where we make significant performance
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by dcolkitt 4y ago
You don't see any value to people owning their own crypto keys and identity instead of relying on a centralized party like Facebook? I'm not even talking about digital assets. I'm purely talking about the ability of someone t
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by dcolkitt 4y ago
> The idea of... not having people login using Facebook/Google sounds great to a lot of us, but that needs to be predicated on system which would actually get normal people to switch by being cheaper, safer, etc. Appeals to ideologi
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by dcolkitt 4y ago
So you agree with me? For Alice to become insolvent the price of her assets has to fall below her cost basis. Alameda's cost basis on Solana is the seed round at approximately ten cents, and it's currently trading at $30. Similar
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by dcolkitt 4y ago
Why would it be shady? Traditional exchanges like the CME have "seats" that entitle holders to discounts and are sold at hefty prices. FTT is simply a tokenized version of an exchange membership. It makes perfect sense, and is rea
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by dcolkitt 4y ago
No. The Voyager loan was denominated in crypto and at current prices represents only $200 million of liabilities (assuming they haven't already repaid). https://cointelegraph.com/news/alameda-research-happy-to-ret.
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by dcolkitt 4y ago
I graduated with a degree in finance from Wharton, worked as a quant at Citadel Securities, and have been a high-frequency trader for more than a decade. But I'm more than sure that your credentials at finance or trading are more quali
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by dcolkitt 4y ago
Alice is a trading firm. Alice borrows $1 billion, Alice then uses $1 billion to go out and buy $1 billion of assets. To become insolvent, the value of Alice's assets has to fall below the value of her liabilities. Otherwise, Alice can
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by dcolkitt 4y ago
As someone in the industry, it's almost certainly not . First very simple point, to become insolvent you have to actually take a loss somewhere. They may have a lot of junk tokens on their balance sheet, and these tokens may be overma
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by dcolkitt 4y ago
Without really getting into the economic nitty gritty, the current environment feels a lot like late 2007. While the broader economy was still humming along fine, but the sector (finance then, tech today) that led the growth during the ex
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by dcolkitt 4y ago
Crypto was responsible for approximately 35% of Robinhood's revenue in 2021.
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by dcolkitt 4y ago
Wouldn't this be explained by the "quiet quitting" hypothesis? If 10-20% of the employees in an org pretty much stop working completely, then it's pretty natural that the remaining 80-90% are going to feel overworked mak
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by dcolkitt 4y ago
Thanks!
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by dcolkitt 4y ago
Should also be noted that Tokyo is one of the few major metropolises in the world where the price of housing has not meaningfully increased in real terms since 2000[1]. The Japanese constitution drastically limits zoning, building and land
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by dcolkitt 4y ago
The very important context is that productivity sharply rose in 2020, in the middle of the Covid recession. The recent drop in productivity is mostly just a return to pre-pandemic baseline. The simplest explanation is probably just that the
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by dcolkitt 4y ago
Yeah, this isn't really that different than quant hedge funds hiring theoretical physics PhDs. It's not like you're actually going to be doing Yang Mills field equations to trade some stocks. They just need a guy to run some
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by dcolkitt 4y ago
STEM is a pretty small subset of total employment, only about 5% of Americans. And it's not like most of the jobs pay astoundingly high. By contrast healthcare is more than 3X the size of STEM, and when looking at new entrants is just
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by dcolkitt 4y ago
> Most articles, like this one tend to lay the blame at the feet of boys and men in a way that would be obscene if it were applied to women or minorities. EG they are just lazier and unmotivated. But surely, we can acknowledge that there
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by dcolkitt 4y ago
Seems like it's mostly driven by changes to the composition of the job market. 50 years ago many more good paying jobs required a degree of physical labor that heavily favored men. The economy today has shifted from manufacturing to th

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