thehumanmeat

7 ms·

31.
by thehumanmeat 4y ago
It's described in the paper, but the eurodollar is the incentive behind it all. https://en.wikipedia.org/wiki/Eurodollar
32.
The Power of Randomness (2023)(treymanuszak.eth.limo)
1 points by thehumanmeat 4y ago|0 comments
33.
by thehumanmeat 4y ago
Tell me, when is the last time you went to the grocery store and they accepted a bank reserve? Bank reserves are useless. https://en.wikipedia.org/wiki/Eurodollar
34.
by thehumanmeat 4y ago
Shhh, don't let that get mainstream yet. I'm still trying to stack ;).
35.
by thehumanmeat 4y ago
It never mattered. https://alhambrapartners.com/2022/02/28/swift-isnt-the-nucle...
36.
Game Theory and Its Influence on Randomized Algorithms(treymanuszak.eth.limo)
5 points by thehumanmeat 4y ago|0 comments
37.
by thehumanmeat 4y ago
Look into the eurodollar system. Most "money" today is just swaps on bank ledger entries backed by counterparty trust and can-kicking. If you thought the dollar was a scam by not being backed by anything, wait till you check this
38.
by thehumanmeat 4y ago
Plenty. Look into publicly verifiable secret sharing. https://en.wikipedia.org/wiki/Publicly_Verifiable_Secret_Sha...
39.
by thehumanmeat 4y ago
If you want to select an integer uniformly random from 0...n-1, you need an expected logn mutually independent random bits. What if you don't want it to be uniformly random, but some other distribution instead? That's where Markov
40.
by thehumanmeat 4y ago
Continuing a globally rough pace of growth until economists wake up and remake the broken monetary plumbing system.
41.
by thehumanmeat 4y ago
Wow, finally someone that I find on a web forum also willing to utter the words "dollar shortage" during this time. Big props to Jeff and Emil for their generous freely available teachings. I further recommend their paid subscript
42.
by thehumanmeat 4y ago
Doubt it's that. They ran out of reserve for their fractional reserve. Crypto on exchange wallets has already been dwindling the past few months.
43.
by thehumanmeat 5y ago
It's because they measure the item to an equivalent item from 1970. Take a car for example. Modern cars have various electronic contraptions that didn't exist in cars in 1970. A car today will have electronic control of windows, r