Dylan Bradshaw retweeted
Fuck you. Whoever made this site. You win.
I’ve never had a site get my blood boiling like this before
This is so messed up.
opusfived.dev
I’m pretty confident that AGI isn’t here given they still can’t figure out how to add the rewind command to the claude app
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agents are so good at generating things from nothing. if there's already a draft in context you always end up with a patched up spaghetti unless you intervene.
maybe the durable parts of code bases should just be markdown files that modules are regenerated from with each change
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Dylan Bradshaw retweeted
Green Party official statement:
"Benjamin Doyle is a proud takatapui with great mana and has shown aroha to the taonga of tamariki and rangatahi across te motu o Aoteroa. They have not breached Te Tiriti o Waitangi. Nga mihi"
“Optional”?? Since when did MacOS get so buggy it’s virtually unusable. Encountered an insane number of bugs trying to setup a new laptop.
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All I want is a news channel that's somewhere between 1 News and Sky News Australia. Why does all media have to be radically biased?
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Dylan Bradshaw retweeted
New Zealand 🇳🇿
🟡 Wow what a great couple weeks Minister David Seymour has had?
Whatever your political perspective you have to admit, everyone is talking about him.
Everytime Prime Minister speaks David Seymour's name is mentioned.
I watched David Seymour at Parliament yesterday talking to the political journalists most asking puerile questions, and one by one David Seymour just picked them off dealing with their nonsense in double quick time.
David Seymour is a Prime Minister in the making.
I have a small list of smart, robust, politicians that are genuinely working hard for NZ, David Seymour is at the top of the list.
Keep up the great work.
@actparty
I've been trying to understand how fiat money works.
The central bank operates the country's money supply. They are free to mint dollars at their discretion.
As well as minting cash, such as banknotes and coins, the central bank provides electronic accounts to financial institutions like banks. This money is known as M0 money.
Now, let's say you do your banking with "The Bank of ABC."
The Bank of ABC operates a network of ABC fiat tokens that they have total control over. This is M1 money. They can mint these tokens at their discretion. The bank claims that these tokens can be exchanged at any time for M0 dollars, but in reality, only a small fraction of the token supply is backed by M0 money.
So, when you take out a $1M loan from a bank to buy a house, if the seller belongs to another bank, then your bank must actually front up the "real" M0 money and credit the account in the central bank belonging to the seller's bank. Therefore, it's fair that the bank should charge you interest on the loan.
However, if the seller belongs to the same bank, then the bank can mint the tokens for the seller out of thin air and credit the seller's account with these M1 tokens. This seems unfair because now they are collecting interest from you, but they haven't had to pay any M0 money to anyone—they just created more of their own tokens out of thin air. However, these tokens that they conjured are a liability for the bank because:
1. At any time, the seller might choose to withdraw this $1M in cash—which would cost the bank.
2. The bank must pay interest to the seller on this money.
Even so, the bank wouldn't agree to the loan unless there was a profit margin. The ability to create indefinitely many profitable loans out of thin air seems like a scam—we are enslaved to paying off forever-increasing debt that is created from nothing.
I guess the way it works is that, over time, while the bank can create profitable loans out of nothing, their liabilities increasingly outweigh their cash, so they become more at risk of insolvency.
I think the scam in this free-market game—where it falls apart—is that when a bank does become insolvent, it gets bailed out. This is the scam. When a bank is unable to meet its debt obligations, it should be allowed to collapse. The loans and the deposits should be destroyed—people should lose their money. This free-market system would work. What we have now is a massive scam where banks have a license to print money without repercussion. The incentives are all wrong.
We must allow banks to collapse so that we can learn from the consequences and properly incentivise the free market.
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wrt to the misaligned incentives: if banks were never bailed out then people would be disincentivized from having deposits at overexposed banks (all of them) with large reserve ratios. One big collapse and insurance companies would charge a large premium for insuring deposits. People would want to use safer banks with a smaller reserve ratio and less money printing ability.
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There is increasingly more incentive to choose older, more established code libraries & packages because LLM's are trained on them. It will soon be impossible to gain any traction with new libraries. Whatever we have now is going to be locked in soon.
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Dylan Bradshaw retweeted
Can humans reason? In this paper we show evidence many humans simply apply heuristics they've been exposed to over the course of their lives without deeper consideration. In conclusion, humans don't seem to reason and only copy reasoning patterns from their training data.
Dylan Bradshaw retweeted
There’s something fundamentally wrong with the way people interact with each other on LinkedIn