nwiswell

41 ms·

451.
by nwiswell 4y ago
After 2009, long term risk free rates continued their secular decline which culminated in March 2020 at an all time low of 0.54% for the 10 year Treasury yield. This was a major factor in the tech story. Rather than valuation being focused
452.
by nwiswell 4y ago
> In case you thought they took the easy way Alright, fine, but where's the API?
453.
by nwiswell 4y ago
Yeah I'm guessing that's what he meant. PS:T is less accessible to the general gaming public in that regard.
454.
by nwiswell 4y ago
It's chicken and egg. People lost trust because they knew people losing trust would cause a death spiral, and they wanted to get out before everyone else. It was a fire in a crowded theater. Bitcoin depends on trust, yes, but there&#x2
455.
by nwiswell 4y ago
> Photons in fiber do not move meaningfully faster than signals in copper, and speed of light in short datacenters runs is not the limiting factor In latency. Any meaningful processing will happen in electronics and converting from coppe
456.
by nwiswell 4y ago
Broadly, I agree with you, Bitcoin has not yet lived up to the hopes and dreams of the early days. But that isn't the whole story, and it is not really honest to pretend like it is. While it has not become a widely-adopted currency,
457.
by nwiswell 4y ago
It's interesting that they did that. One of the main reasons why you only see fiber optics in enterprise applications is that if you bend the cables too much, they're ruined. SFP+ hardware is cheaper and has lower latency than 10G
458.
by nwiswell 4y ago
Turns out it doesn't matter if the currency is trustless if you still have to trust your counterparty anyhow. In fact it's worse in most cases, since you can't seek recourse from trusted financial intermediaries (chargeback,
459.
by nwiswell 4y ago
There are no profits. The Louvre is owned by the French government and heavily subsidized by the French taxpayer. https://en.wikipedia.org/wiki/Louvre#Management,_administrat... > The Louvre is owned by the French g
460.
by nwiswell 4y ago
> I… don’t really see how Buffet’s purchases in ‘98 bear on the discussion at hand? You can read his 2011 investor note and see what his definition is about. I don’t know if he classified silver as productive or unproductive at that time
461.
by nwiswell 4y ago
So I suppose when Buffett purchased 130 million ounces of silver in 1998 he was thinking about the manufacturing inputs? I do think there is in fact a "productive use" for cyptocurrency, which is transacting on the dark web. It ha
462.
by nwiswell 4y ago
I'm not sure if you are serious. Are there any for-profit museums focused on fine art?
463.
by nwiswell 4y ago
Yes, that's true of commodities generally. They are worth what people will pay for them; they do not produce cash flows. A pile of copper is not productive either. The fair criticism, I suppose, is that the "compelling reasons&quo
464.
by nwiswell 4y ago
I'm not clear on the logic here to be perfectly honest, even if I broadly agree that the real innovation with Bitcoin died when it was clear it would never be a currency. But gold is also a commodity, and I don't think I've e
465.
by nwiswell 4y ago
M1 is a useful tool to understand why the prices of consumer goods have increased but not at all useful to understand home buying power. People regularly sell stocks, bonds, and other homes in order to produce the down payment for a mortgag
466.
by nwiswell 4y ago
> if there are buyers, competition, and houses are continuing to move quickly, then it’s a bold statement to say they are overvalued and that we should predict a significant decline. No, for the simple reason that (most) people buy homes
467.
by nwiswell 4y ago
> an inch of makeup I think this means (hyperbolically) "makeup an inch thick".
468.
by nwiswell 4y ago
> Soon they will transition to Iron, then they'll probably bypass the Industrial Age as too polluted But what about the Age of Snail?
469.
by nwiswell 4y ago
I don't think there's much argument that Tesla and SpaceX have effective corporate cultures, but that doesn't strike me as unique or a guarantee of enterprise success on its own. Nor is "fix broken things" all that
470.
by nwiswell 4y ago
> Just as with other Musk companies, the first version isn't that amazing and people fall over themselves laughting declaring how it will never work and never be practical and how they will never manage to produce them in real numbe
471.
by nwiswell 5y ago
There's a pretty big spectrum between "safe" and "catastrophic". Probably only a fraction of a percent of the transmission energy is getting absorbed by the body, but that doesn't mean I'd want to try it o
472.
by nwiswell 5y ago
Which one of the two led her to select Kotick as a romantic partner?
473.
by nwiswell 5y ago
> when players discuss skill, they generally mean a (somewhat fuzzy) combination of both deckbuilding and "piloting" ability. I think the "piloting" ability is mostly (but not entirely) independent of the deck. You ca
474.
by nwiswell 5y ago
I'm not so sure. A deck is something you have. A build order, or a chess opening, is something you _know_ and therefore more or less what I'd be comfortable calling skill.
475.
by nwiswell 5y ago
> My goal was to be able to compare decks to tell you which one was "better". This would be a really out-of-the-box way to compensate for the deck quality bias I allude to in my other post -- normalize the effect of the deck on
476.
by nwiswell 5y ago
I think unfortunately Elo is misapplied here. Elo is appropriate for chess, where there is no initial game-state variance, and no built-in advantage for either competitor except who goes first; that can be addressed by averaging, by using t
477.
by nwiswell 5y ago
Reddit Orange Edition Why orange? Nobody knows
478.
by nwiswell 5y ago
Do you know which website you are using?
479.
by nwiswell 5y ago
Interesting to see Wenatchee, WA at the top of the list. That is (or was) the epicenter of Bitcoin mining in the United States due to some of the cheapest hydro power in the nation. Presumably, there was an influx of young male unskilled la
480.
by nwiswell 5y ago
> Kurzweil is explicitly counting on it for his personal immortality. Is he still? At 74 years old that's verging on irrational.

More ›