wskinner

9 ms·

61.
by wskinner 4y ago
The term “too big to fail” is actually well defined. It refers to a Systemically Important Bank, either globally or domestically. See https://en.wikipedia.org/wiki/List_of_systemically_important...
62.
by wskinner 4y ago
A change in the CPI is a symptom of underlying inflation (devaluation of the currency) but it is not the only symptom which can occur. Capital asset prices rising due to changes in the supply and demand of capital assets can also be a sympt
63.
by wskinner 4y ago
In some loose sense, AI doomerism could be a self-fulfilling prophecy. Future LLMs will be trained on today’s content. So if the AI doomers convincingly argue that future AIs will be malignant, those AIs might be more likely to exhibit mali
64.
by wskinner 4y ago
It can. The only difficult part of all that is wiring up the integrations and I/O.
65.
by wskinner 4y ago
At VC-funded tech companies, founders typically have common stock just like employees.
66.
by wskinner 4y ago
Ethical AI teams and CDOs both serve an important business purpose. It's just not the same as their nominal purpose. And like every other part of a business, once they outlive their usefulness, they are vulnerable to being cut.
67.
by wskinner 4y ago
Not true if you have less than $250k at your bank. There is no reason to think FDIC will not honor the $250k insurance limit.
68.
by wskinner 4y ago
How did the relaxation of Dodd-Frank lead to what happened at SVB?
69.
by wskinner 4y ago
Buy T-Bills or other short maturity assets instead of long maturity T-Bonds and mortgage-backed assets.
70.
by wskinner 4y ago
Impressive to pack so many assumptions in such a short comment. - wealth tax is the best way - capital hoarding is a thing - capital hoarding is destroying modern society
71.
by wskinner 4y ago
> The hippies were rooted in things that were objectively good: peace, love, self discovery, acceptance, mutual aid, egalitarianism, free thought. Then it’s worth considering why the prevailing culture at the time didn’t see it that way.
72.
by wskinner 4y ago
Do conventional farming methods also rely on NPK fertilizers? How do the fertilizer requirements of hydroponics differ from the fertilizer requirements of conventional?
73.
by wskinner 4y ago
We do know that gender differences in a variety of psychological traits are more pronounced in more egalitarian societies. See e.g. https://www.latimes.com/science/sciencenow/la-sci-sn-women-e...
74.
by wskinner 4y ago
Surely there are people or groups of people whose singular goals are worse than making money. Mass murder and subjugation at scale, which were perpetrated by many governments in the 20th century, immediately jump to mind.
75.
by wskinner 4y ago
HN is not payed for these posts. Who’s Hiring posts are like all others: anyone can comment, and no one on HN ever pays the site operator for the right to post.
76.
by wskinner 4y ago
Corecursive: https://corecursive.com/
77.
by wskinner 4y ago
Inconvenient, unreliable, expensive.
78.
by wskinner 4y ago
1. This only applies to market orders. 2. Bitfinex is not the only exchange where people can trade BTC or other crypto. 3. How does B acquire BTC for $X at scale?
79.
by wskinner 4y ago
The IRS has over 74,000 employees and a budget of nearly $14B. What would be the appropriate level of funding and size of staff for this organization?
80.
by wskinner 4y ago
I’ve never been asked to show up early for any domestic flight in the USA, let alone 2.5 hours early. I wonder why that is the case in the airports you’re using.
81.
by wskinner 4y ago
I noticed this as well.
82.
Predicting Google Closures (2013)(gwern.net)
85 points by wskinner 4y ago|32 comments
83.
by wskinner 4y ago
Some percentage of property taxes (and the savings from lower property taxes) will be passed through to the renter in the form of higher (lower) rent. That percentage will be between zero and one. What is your justification for asserting th
84.
by wskinner 4y ago
This fairly thorough analysis comes up with a higher estimate of around 300-500 [1]. Of course, deaths per unit of energy is not the only meaningful metric, and it ignores the environmental impact that you mention. But have you considered t
85.
by wskinner 4y ago
Nuclear power has the lowest deaths per unit of power of all commercial power generation methods [1]. The externalities of nuclear power are highly visible and concentrated in a small physical and temporal range. This makes them obvious and
86.
Criticism of Criticism of Criticism(astralcodexten.substack.com)
5 points by wskinner 4y ago|0 comments
87.
by wskinner 4y ago
The problem is not that those problems are less profitable. The problem is a combination of 1. Those problems are much harder 2. The potential harm from getting them wrong is much larger
88.
by wskinner 4y ago
I don't know, and you should include that in your personal risk model. "basically a money market fund" is certainly not intended to suggest a certain level of safety. It is a comment on the structure of the asset.
89.
by wskinner 4y ago
“These stablecoins” lumps together some very different implementations of “thing that is always worth $1”. USDC: fully collateralized by cash or cash equivalents held in US banks - basically a money market fund Terra: partially collateraliz
90.
by wskinner 4y ago
I agree he seems to be acting in bad faith, but the idea that a sentient being could not be “idle” until presented with input is not obviously true. Check out the novel Permutation City by Greg Egan for a fascinating exploration of this exa

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