Hacker News: kyrieeschaton

New comment by kyrieeschaton in "Reddit’s most popular subreddits go private in protest against ‘censorship’"

kyrieeschaton — Wed, 24 Mar 2021 16:33:03 +0000

Do we need scare quotes around "censorship" when reddit is telling them particular names are unmentionable in any context?

New comment by kyrieeschaton in "Gitlab default branch name changes to main"

kyrieeschaton — Sun, 14 Mar 2021 12:49:07 +0000

Anyone who believes that "master" is some kind of slur and takes the opportunity to take offense over it is not someone you want causing problems in your organization.

New comment by kyrieeschaton in "On the death of my family's dairy farm (2019)"

kyrieeschaton — Fri, 12 Mar 2021 22:03:59 +0000

Have you heard of "cowboys"?

New comment by kyrieeschaton in "I Bought a Business for $0"

kyrieeschaton — Sun, 07 Mar 2021 19:42:38 +0000

Not true. There is a reason why people sort products by popularity. This is just a variation.

New comment by kyrieeschaton in "Dolt is Git for Data: a SQL database that you can fork, clone, branch, merge"

kyrieeschaton — Sat, 06 Mar 2021 22:39:34 +0000

People interested in this approach should compare Rich Hickey's Datomic.

New comment by kyrieeschaton in "Boston public schools suspend advanced learning classes"

kyrieeschaton — Sun, 28 Feb 2021 19:07:34 +0000

Because Asians broadly speaking do not depend on favors from the ruling elite for their position, thus they are politically unreliable (although currently mostly aligned with them).

https://spandrell.com/2017/11/14/biological-leninism/

New comment by kyrieeschaton in "Boston public schools suspend advanced learning classes"

kyrieeschaton — Sun, 28 Feb 2021 16:51:34 +0000

Diversity substantively means fewer whites and asians. The goal is a 100% diverse school system.

New comment by kyrieeschaton in "Falling sperm counts, declining egg quality, and endocrine disruptors"

kyrieeschaton — Tue, 23 Feb 2021 17:26:27 +0000

Please add this to the column of "things evil right wing twitter anons were investigating years beforehand", so you can update your estimates of their future credibility.

New comment by kyrieeschaton in "The US government is inviting inflation"

kyrieeschaton — Mon, 22 Feb 2021 15:32:05 +0000

MMT does not depend on or imply the relation between debt and inflation, it addresses the metaphysics of "government debt" as such. In fact it suggests you should not "inflate away the debt", as if governments were subject to an actual fiscal constraint of spending = taxes + borrowing (the premise MMT rejects).

New comment by kyrieeschaton in "The US government is inviting inflation"

kyrieeschaton — Mon, 22 Feb 2021 13:50:34 +0000

20% of all dollars were created in 2020. The only thing preventing that from translating into the broader price level is that money velocity collapsed due to the Covid shutdowns. Instead most of that has channeled into financial and property asset prices.

Once velocity increases, as is the plan if you assume 2021 is the year we "recover" from Covid restrictions, the Fed will have a choice between inflation and deflating the money supply (eg by selling a huge portion of their accumulated financial assets). The latter implies a rise in interest rates that harms economic recovery and government borrowing costs, potentially reducing available fiscal stimulus.

I would like to read an analysis of how they plan on veeeery carefully extricating themselves from this situation but as far as I can tell the strategy is to wing it.

New comment by kyrieeschaton in "“I will slaughter you”"

kyrieeschaton — Fri, 19 Feb 2021 14:10:45 +0000

Those emails are textbook schizophrenia.

New comment by kyrieeschaton in "Nvidia announces mining GPUs, cuts the hash rate of RTX-3060 in half"

kyrieeschaton — Fri, 19 Feb 2021 02:57:03 +0000

"Securities" is a pretty well understood term.

Mutual funds, the most legible way to get an estimate of the holding cost of securities (since they are required to transact at net asset value) routinely charge between 0.2-1% fees, depending on size and asset class.

Clearinghouses, transfer agents, and cash management firms don't work for free, which is the problem that cryptocurrencies explicitly solve; neither do compliance, KYC, fraud, etc., which most cryptocurrency protocols elide altogether.

New comment by kyrieeschaton in "Bitcoin and other PoW coins are an ESG nightmare"

kyrieeschaton — Fri, 19 Feb 2021 02:27:38 +0000

BTC trivially avoids, eg, chargebacks. It is effectively the only money transmission mechanism that verifiably does do.

New comment by kyrieeschaton in "Nvidia announces mining GPUs, cuts the hash rate of RTX-3060 in half"

kyrieeschaton — Fri, 19 Feb 2021 02:24:59 +0000

Did you know that vanilla financial securities also require upkeep? Approximately 0.5% of the value of all financial assets is burned every year (and potentially an order of magnitude more, depending on what asset and packaging you're talking about).

New comment by kyrieeschaton in "Bitcoin and other PoW coins are an ESG nightmare"

kyrieeschaton — Mon, 15 Feb 2021 13:42:01 +0000

What's the energy cost of a financial sector that takes a ~3% cut of all retail transactions, puts up physical bank branches to manage money, empowers a federal reserve to manage the value of currency with more or less competency... Comparing BTC energy costs to some mythical world where we just burn free lunches for heat is not honest.

New comment by kyrieeschaton in "The computers rejecting job applications"

kyrieeschaton — Mon, 08 Feb 2021 18:28:30 +0000

Even fairly strong correlations break down on restricted ranges of inputs. Eg, if you're hiring between 80-90th percentile candidates (top ones get better offers, lower ones get filtered out), yes, the correlation will get swamped by noise; not so much if you are hiring between 0 and 100.

New comment by kyrieeschaton in "The war on disinformation is a war on dissent"

kyrieeschaton — Sat, 06 Feb 2021 14:47:25 +0000

That is specious. People remember during the opening days of the Covid fiasco, when "disinformation" encompassed interpretations of publicly available data that were forbidden exactly until the moment they were mandatory (airborne transmission, fecal transmission, immunological vectors, potential treatments, and so on). In fact it still does!

New comment by kyrieeschaton in "Hedge fund Melvin sustains 53% loss after Reddit onslaught"

kyrieeschaton — Sun, 31 Jan 2021 23:29:59 +0000

How much evidence is there that the "reddit onslaught" actually moved the price, as opposed to them being the stalking horse for more sophisticated actors with more capital exercising a vanilla short squeeze strategy?

New comment by kyrieeschaton in "Many use cases don’t require Kafka (2019)"

kyrieeschaton — Sun, 31 Jan 2021 23:23:28 +0000

The important question for any piece of analysis is "would we actually do anything different if this comes out one way or another?"

New comment by kyrieeschaton in "Why Robinhood disabled buys but not sells"

kyrieeschaton — Sun, 31 Jan 2021 20:38:24 +0000

Simultaenous with pausing buys of GME they were allowing accounts and positions to be opened and margin trades to occur, so it cannot be that they simply needed to limit their capital requirement full stop. The capital requirement is a prerequisite for being in the business and this is not an unforeseen circumstance, it's why they have lines of credit (which in fact they did draw on, just not enough to support the business they purport to be in) on top of their working capital.