World debt comparison: The global debt clock
Economist's interactive overview of government debt across the planet.
Economist's interactive overview of government debt across the planet.
Everything was awful for a very long time, and then the industrial revolution happened.
From the Joe Rogan podcast with Naval, this was a cool little idea. Building status is "play stupid games win stupid prizes". Building wealth, however, which could loosely be defined as time freeing strategies from taking care of your basic needs, thereby allowing you to bridge across to new spaces you wouldn't be able to get to if you had to exchange 1:1 time for handing these needs.
We explore the design and implementation of trading algorithms in the crypto space. In particular, we focus on execution algos, market making algos, and several market microstructure considerations. We also investigate where practice diverges from theory, especially in handling the idiosyncrasies of the crypto markets.
All the data.
Need to keep this in mind.
The Copenhagen Interpretation of Ethics says that when you observe or interact with a problem in any way, you can be blamed for it. At the very least, you are to blame for not doing more. Even if you don’t make the problem worse, even if you make it slightly better, the ethical burden of the problem falls on you as soon as you observe it. In particular, if you interact with a problem and benefit from it, you are a complete monster. I don’t subscribe to this school of thought, but it seems pretty popular.
I want to re-read this so filed under review.
Going to use this for the next cleanup of our PC. From Tay on Twitter.
Looks like a worthy upgrade.
I totally thought I had this saved already after tweeting about it on several occasions. New Facebucks seem a step in this direction!
Lots to dig into here...
About a year ago, I wrote a piece suggesting that regulations like GDPR could actually strengthen concentrations of private power by introducing compliance costs that only big corporations could bear. This is now what appears to be happening. https://t.co/gwvX8CD8d6"
Squally - New Mini-Game to Teach x86/x64 Registers, Pointers, Segfaults, Addressing.
I'd like to share some reflections on the death of a patient. I’ve thought about her a lot. She gave me explicit consent to tweet the details of her case, about four hours before she died. Her hope was that someone might benefit from her experience.
Sweet chart showing market cycles and halvenings.
WhatsApp discovered in early May that attackers were using zero day exploit developed by NSO Group that installed malware on a user's iPhone or Android phone simply by calling them. Target did not have to answer phone to be infected, and calls often disappeared from call logs...
There will always be holes...
Nice little write up by WW. Fun comments too :)
"I talk to my friends who have already finished university and to the ones who didn't continue their education. The conversation is always the same. Thread.… https://t.co/9MAWwYVQZw"
Can't argue with this at all.
CHARLIE MUNGER'S 7 IRON LAWS: Charlie Munger has been the biggest COGNITIVE INFLUENCE on my life so far. Here are a list of my favourite PRINCIPLES from the eccentric billionaire. THREAD...
I want to come back to this in the future so it has been tagged for review. I'm not sure this solves for what I would want solved, but the idea of "Captures the value of “obscure genius,” as the least popular narratives offer the greatest potential profit" is interesting. But I doubt this will do much for truth.
I thought I had pinned this already; having read the book, it is a nice little review now and then.
"Why did Societe Generale tokenize a 100M Euro bond on the Ethereum main net? - Product scalability and reduced time to market - Computer code automation structuring, thus better transparency - Faster transferability and settlement - Reduces cost and the number of intermediaries"
What’s the matter, Ben? You got a problem holding this card up over your head? It’s for the troops. You support the troops, don’t you? Don’t you?
For whatever reason this is one of the best pieces I've read to date on Epsilon. Maybe it was my mood today or whatever, but ten thumbs up!
Fantastic thread from someone who has been on the inside banging away. Somewhere in there another fellow says, "This was mostly my calculus as well. You can maintain 99% exposure to everything in crypto by just holding Bitcoin, so diversify your career just in case."
Very close to how I am feeling these days.
Just what it says on the box :)
A fascinating look at strategies for extracting value deep within the Ethereum system based on front-running DEX transactions.
Just had the thought that it should be important to enable the destruction of encrypted content in some automated manner if it is sensitive because some day, it may be easy to break.
The WorkLock strongly incentivizes participants to use the token for its intended purpose and gives them skin in the game through their locked ETH.
What if the government let anyone use a currency of his or her choosing? What if the government permitted entrepreneurs to innovate in the monetary sector, such as by creating digital currencies or minting commodity money?
We have curated this collection of research to serve as the primary repository for the most impactful work done in the nascent but fascinating field of crypto asset valuation. We believe this is deeply important work presented by the most talented minds in our space. It is an honor to share it with you.
Not as bad as it sounds :)
To follow the previous article. Both need to be re-read later.
A good place to start is with a simple description that you can carry in your pocket: MMT proposes that a country with its own currency, such as the U.S., doesn’t have to worry about accumulating too much debt because it can always print more money to pay interest. So the only constraint on spending is inflation, which can break out if the public and private sectors spend too much at the same time. As long as there are enough workers and equipment to meet growing demand without igniting inflation, the government can spend what it needs to maintain employment and achieve goals such as halting climate change.
Years ago while working as a Geologist in northern British Columbia, I was walking back to camp on a steepish slope with lots of deadfall. It was difficult to walk thru all the underbrush and fallen trees. At one point I'm up on a large piece of deadfall and a bear strolls across below me, turns, rears up and sniffs the air at me.
Seeing this video now, I wonder if it was just scratching its back and I we happened to cross paths at that very moment. This video is very close to how I remember it moving, rearing up, wiggling its head and then slowly dropping down to go on its way...
A very well written look at Amazon.
Interestingly though, once we depart from a strong centralized authority, strong assurances might only be possible at the other end of the spectrum: via highly decentralized networks.
Just what the title says :)
Some good information in here wrt timing, hacks and other privacy incidents.
This could be a deep rabbit hole...
The subtitle is inspiringly underwhelming: The tolerance of mediocrity in nature and society. Reader Killian Butler sent me this post on being mediocre. Our movement is really slouching along now.
The people running the presses aren't buying fiat currencies. They're buying a 'worthless rock'
Most highly successful people have been really right about the future at least once at a time when people thought they were wrong. If not, they would have faced much more competition.
I have no idea how he measures the 'most people' here, or in the article where the phrase is used many times, but the proposal here is that some form of asymmetry allowed these successful people to be in the right place at the right time.
The more energy the faster the bits flip. Earth, fire and water in the end are all made of energy, but the different forms they take are determined by information. To do anything requires energy. To specify what is done requires information.
Seth Lloyd 2006
A smarter way to secure your Node.js applications
Intrinsic is an application runtime security technology which limits your application's privileges to exactly what is needed and nothing more.
I've been interested in this since I saw it used in TRAC nodes. Link to the original paper here: https://goo.gl/YgJ2Us
Reference for, err, referring people to.
A nicely tied together look at some of the players and happenings in the 'open finance' area of the crypto world. I need to dig a little deeper into this rabbit hole; marked for review.
Space reserved for comment :)
And this link: https://he3labs.shinyapps.io/RadixEconModel/
I suspect had Satoshi realized that fixed, low, inflation was technically feasible bitcoin might have had it.
Article about Facebook moderation co in the U.S.
I've been reflecting on this a lot lately, posting it here as a sort of timestamp.
More rabbit hole from Naval's tweet:
The Overton window is the range of ideas tolerated in public discourse, also known as the window of discourse. The term is named after political scientist Joseph P. Overton, who claimed that an idea's political viability depends mainly on whether it falls within a range acceptable to the public, rather than on politicians' individual preferences.
This is how I came across the previous link:
Social media makes it easier to organize people, so the motivated people are organizing digital mobs. Thread...
I read this short story over the weekend and really enjoyed the futuristic view and outlay of technology.
I might need this for a project...
I only read the tl;dr but it provided some confirmation and some thought, mostly from this viewpoint:
We aren’t just building businesses so corporate governance won’t work. We aren’t just building economies so economics alone won’t work. We are building global communities, so I’m afraid, we are going to need politics.
Putting this thought into a note...
You know when you wake up and have a day where nothing works or you have time and its just not happening? It happens...
I've found for years now that if you can't figure it out, the best thing to do in this situation is to really rest - let go of it all and rest - and if you can't, try to lift, and failing that, grind. There's always something that needs some grinding, tasks that have been put off, kipple to get rid of or whatever. Mindless dull tasks that need to be done.
When you don't know what to do, grind.
There is zero alpha in value investing based on public information, over all time horizons. And for large cap companies, public information is all you’ve got.
I'm loving these drops of reality from BH on Twitter.
I bought "the short something or another about Jung", will be reading that and saving this for future follow-up.
The 1948 paper.
I've just put up a live chart of various Bitcoin Valuation metrics for you all. Live chart: https://t.co/R5k7szUfY5 It features some previously unpublished work, fresh off the press. Much of this new stuff was in collaboration with @kenoshaking. Let's take a guided tour...…
Ok, let's talk quickly about Amazon and what I'll call the gangster-ification of American business. In the 1980s, mobsters dominated the gas station business in NY and NJ by not paying taxes their competitors had to
Thoughts to come...
From Tribe of Hackers.
Pushed into the review tag for later consumption. No time for fun course just yet.
Some good examples and discussion in this thread; I can't say that I understand it all yet, but I'm working on it.
In line for reading, first finishing up some extra math and cryptography coursework.
Much like the previous post, something for that sometime.
I've been meaning to find time to get to this and read some, might not be until next summer holidays. Marked for review.
I'm going to need to read this a few more times for it all to sink in. Recommended by Naval.
An interesting concept for a decentralized socmed platform, but not quite what I am thinking of...
Oh the places you will go.
Grumble grumble more stuff to read.
Excellent paper on the "Doomsday Economics of PoW currencies." https://t.co/bza8eIBsL3…
Tagged in review as I want to be brought back to this. The video is quite good.
Michael Dunworth spelling out some great detail on how they use BTC under the hood and nobody needs to even know.
Saving this as it does look interesting:
Related reading: - Artificial Unintelligence, by @merbroussard: https://t.co/WjTXqGXr5h - “Machine Bias,” stories from @ProPublica, by folks who went on to found @team_markup: https://t.co/XqOWE6oux6 - Weapons of Math Destruction, by @mathbabedotorg: https://t.co/bGNJigckGd"
Tails is a live operating system that you can start on almost any computer from a USB stick or a DVD.
Less information is acquired, shipments are faster, isolation between participants is high, and multiple independent sales channels are established.
Great write-up on MW, Grin and Beam.
Over the last several months I have written a series of articles — which I have called the Bitcoin Fundamentals series. My goal is to go down the rabbit hole as far as I could, to see what Bitcoin is really made of.
I've read all of these posts (linked within) but would like to revisit once I finish my own trip down the extensive rabbit hole.
Survival came down to cultivating a sense of belonging, purpose, and stewardship.
About to start her book (listening to it), I'll save this for reading later.
"Standard Notes is a safe place for your notes, thoughts, and life's work."
I'm not using it, but linking it in case I get interested. I would still like to roll my own encrypted backend with Pinboard as the front end for now. Obvs Pinboard isn't encrypted, but getting one side working first would be the idea.
FT looking at external private equity in Spain (I had to search the title in GOOG and click from there to get past the wall). This looks very similar to same old thing happening elsewhere, and the article quotes all the wrong metrics to evaluate success: jobs, recovery etc.
Website that calculates the cost to mine BTC/ETH/LTC.
A high level yet somewhat complete look at the systems around 'crypto' from an investment thesis point of view. This following thought is one to dwell on, for me:
Another way to think about this tech is as the long tail of finance: just like Amazon became the long tail of Internet retail and eventually cornered most the market, crypto will start as the long tail of finance.
The Blackbird is used as a stand-in for many cars advertised in US car commercials as it is capable of maneuverability many of the cars that replace it visually (via CGI) do not have.… https://t.co/obkc0Kqcqb
More noise, less signal!
Not a comment about the article, which I haven't read yet, but style, layout and UI envy.
The phishing starts normally, with a fake Gmail page asking the target for their password.
Examples for different IDEs in the thread.
Thoughts on momentum and its manifestations around us. In the final part, the author mentions, "work your butt off to get some momentum behind you"... I'm ruminating the thesis that you don't need to work your butt off, you just need to do the basics and be consistent. That effort rolls up into something bigger that without a doubt could be considered "working your butt off" but I'm considering that it really is just discipline + the basics.
FS podcast with Gawande that I mentioned earlier, this idea I quite liked, that of "necessary fallibility":
We will never have complete knowledge of all of the conditions and states of the world.
money is a unit of prior work associated with mismatch in needs found in barter systems.
While perhaps oversimplified, this is a decent short phrase to describe an aspect of money.
Great talk on public health and medicine, arrived to from a Farnam Street podcast by Atul Gawande. Also cool to see the bits of behind the scenes BBC action.
Tagged this under review so that it will pop-up in my notes email reminder. Having heard the book, I would like to do parts of this course over the year, so hopefully when my reminder comes in I catch this while scanning and get at it :).
I have this lined up for listening to and tagged to review here later.
In case I need to find some interesting titles... I *would* like to read some David Foster Wallace, but for now nothing else that I scanned on the page jumps out at me.
Article from the Economist on brain-computer interfaces.
Some interesting information about childhood leukaemia, pre-birth mutations and immune system priming.
Regular reminder: The telecom network is a giant tracking system and the number of people who can gain access to subscriber data is practically unlimited.
Thread to a video about lightening nodes, becoming a good routing node.
Something else to keep an eye on wrt BTC price action.
Bookmarking this to come back to a few times through the year to see how it plays out. I'm hoping to save a few people's predictions and see how each plays out.
A great overview of a critique of Protonmail's marketing their E2EE in the webapp. The breakdown of the arguments is excellent, and the author points out how the text in ProtonMail's own biz paper where they acknowledge their servers may be compromised. This might be useful for citing at a later date.
The title says it all!
This Zerohedge article has the Chinese click farm video I was looking for the other day.
Following these three Twitter threads:
I power this notes section with an outside service to handle the data, pulling in the feed from that service to build this page.
In the future I would like to store and update the feed in my own place, so to speak; I'm not sure where, or how, yet. The easy answer is a mysql DB on this server, but I'd like to find a harder problem to tackle since I took the easy way WRT the input interface.
Anyways, before all of that I would like to add an interesting feature: having the notes section email me a weekly update of the last week's posts, *and* have it hi-light posts that I have tagged for 'review'. Reviewing my notes is something I don't do consistently, and automating this could help.
(I often tag some notes for reviewing because I want to check back to see if the author was correct, or I want to actually do some research on the note.)
The Four Horsemen of the Investing Apocalypse, and I want to review this after I finish the Coursera Game Theory course I am doing.
We might find ourselves using this service in the near future.
All PKI systems solve for the same problem: knowing what key material was associated with an ID at a given time and deriving its current state. It's a relativistic physics problem of how you deterministically align a series of events across different observers in space-time... Current PKI systems are centralized b/c there was previously no way to create a global, deterministic lineage of events in a decentralized way, which is why blockchains are so useful in the context of identity - they solve the question of "When?" across relativistic space-time
People think that PoW and PoS are consensus protocols, and that they are the only two consensus protocols out there... This is false. Let me explain.
I'm not sure I totally follow him, so I'm posting this for reviewing at a later date.
Greater Vancouver home sales for 2018 fell to an eighteen year low. Lowest annual sales count since the year 2000.
Roughly 18 years ago I sold my apartment in Vancouver.
Sharing the group assets and managing incentivization is what's new since the advent of the "p2p era"
I need to think about this line, in particular how could that be done differently now versus then? Could cryptocurrencies *really* play a role here?
WRT the previous link, this provides some info to get started.
José Valim has Twitched the Advent of Code solutions with Elixir, something I plan to watch here before the holidays end. A few very bright folks have told me to start looking at Elixir...
Researchers have demonstrated that an amoeba—a single-celled organism consisting mostly of gelatinous protoplasm—has unique computing abilities that may one day offer a competitive alternative to the methods used by conventional computers.
This, like the fungus that worked on the Tokyo subway system I linked earlier, are fascinating examples of leveraging nature's long iterated capabilities for solving problems that we are trying to do with computers.
I like this font.
I suppose I will need to review this at some point so linking it up for when the time comes!
* First principles
* Personal biases and misinformation
* Purposeful misinformation or misdirection, manipulation
The whole Deepfake uptake and social media misdirection has me thinking about what will happen with information in the future. Using mainstream media to manipulate people has been around for ages, using social media to herd the crowd is happening, and with deepfakes individuals can manipulate the messages from other individuals.
What information can we believe to be 'true'? Anyways, wanted to scribble this down here as something in my head can't stop thinking about it.
I'm looking forward to digging into this history a bit more.
One small amoeba found a solution to the traveling salesman problem faster than our best algorithms. What does it know that we don't?
Fascinating; need to read this paper when it come out. Tagged in Review.
We have said that recent years of low interest rates + cheap capital is like a tractor beam—pulling 20-year far-out FUTURE ideas forward to the PRESENT into 20-month frenzied projects.... Similarly be it in TECH or CHINA or GDP abundant cash has taken DEMAND from future years...
How to survive as the bill arrives for this in years to come?
The Netherlands is a small, densely populated country, with more than 1,300 inhabitants per square mile. It’s bereft of almost every resource long thought to be necessary for large-scale agriculture. Yet it’s the globe’s number two exporter of food as measured by value, second only to the United States, which has 270 times its landmass. How on Earth have the Dutch done it?
Life is mostly about following the basics.
This was a line from Naval Ravakant in this podcast, and it is something I have seen in many places. Oftentimes just doing the basic work is enough to get great results*.
Take the gym as an example; just working a simple plan like a 5x5 with the compound lifts, and cycling in some downtime to keep yourself fresh is a great way to stay strong and healthy in this regard. But people overcomplicate it like crazy.
I have to admit, in some areas I find it distressing how hard it can be to find the basics amongst all the noise.
* If great is used in a relative sense, that's a bit of a disappointing statement.
(The actual quote is
Life is mostly about applying the basics and only doing the advanced stuff in the things that you truly love and where you understand the basics inside out.)
Very lucid thoughts on systems, narratives, society and decentralization from Sarah. I need to review this and write down some more thoughts on it.
Blockchain is a database. A cryptographically linked list. For the uninitiated, imagine spreadsheets tied together by a password.
An efficient manner to explain in simple terms what a blockchain is. Nice.
The idea presented about open networks is very similar to what I have been thinking about open protocols.
Bitcoin’s protocol has no top-down supply audit built into validation.
This is something I want to look into or think about. The programmer in me would have wanted to put something like this into the system rather than leave the checks where they are.
Denying mediocrity is a deliberate and conscious way of life.
Not to make a correction is to establish a new minimum standard.
Two quotes I picked up tangentially from the CrossFit world. I don't think of this as setting the bar high, instead, simply setting the bar.
I'm not sure where I came across this book, but I listened to the audiobook this year and have purchased the paper-back to review every once in a while. This is a great dive into parts of math and physics, each chapter a standalone essay. Lots of crossover with other math books I've read, but little details that I didn't know fill in gaps and make the stories all the more interesting. I can see myself keeping this one around to read bits here and there.
Let an ultraintelligent machine be defined as a machine that can far surpass all the intellectual activities of any man however clever. Since the design of machines is one of these intellectual activities, an ultraintelligent machine could design even better machines; there would then unquestionably be an "intelligence explosion", and the intelligence of man would be left far behind. Thus the first ultraintelligent machine is the last invention that man need ever make.
A look back ad the advertising revenue model that dominates the internet.
The example of Pinboard is interesting (at the moment in 2018, I use Pinboard to power my notes website here) and I can't help but wonder: if these services were protocol based, services like search and social, then users could pay for really good UI tools, but also not pay and just use free ad-supported ones too. What could have been.
trying to understand a sentence by looking at each letter individually
I need to think about this.
A really well written piece, and I particularly loved this and the following paragraph:
Venture capitalist Chamath Palihapitiya once recalled his work with Facebook this way: “We trumpeted [our platform] like it was some hot-shit big deal. And I remember when we raised money from Bill Gates…And Gates said something along the lines of, ‘That’s a crock of shit. This isn’t a ‘platform.’ A platform is when the economic value of everybody that uses it exceeds the value of the company that creates it. Then it’s a platform.’” The brilliant Microsoft founder knew that his own Windows operating system was a true platform because, as Microsoft openly bragged, the company itself captured only a minority of the value created through the Windows ecosystem. Facebook, YouTube and Google are in a completely different category—because the vast majority of the wealth they generate is controlled by the social-media oligopolies themselves. They aren’t platforms so much as rent-seeking agents that oversee a set of critical economic protocols.
Over the course of the Technology Theft Campaign, which began in or about 2006, Zhu, Zhang, and their coconspirators in the APT10 Group successfully obtained unauthorized access to the computers of more than 45 technology companies and U.S. Government agencies based in at least 12 states, including Arizona, California, Connecticut, Florida, Maryland, New York, Ohio, Pennsylvania, Texas, Utah, Virginia and Wisconsin. The APT10 Group stole hundreds of gigabytes of sensitive data and information from the victims’ computer systems, including from at least the following victims: seven companies involved in aviation, space and/or satellite technology; three companies involved in communications technology; three companies involved in manufacturing advanced electronic systems and/or laboratory analytical instruments; a company involved in maritime technology; a company involved in oil and gas drilling, production, and processing; and the NASA Goddard Space Center and Jet Propulsion Laboratory...
Imagine we were stateless beings; we have no memory of a previous instant. No awareness of our previous states.
We would have no concept of songs, sentences, family. For some reason the idea of music really gets me here. Would songs exist if we couldn't recall the previous note or sequence of notes?
A fascinating dive through the history of everything. I listened to the well narrated audiobook at 1.5x and can see myself hitting up the associated Big History Project website and also listening to this book again.
The big takeaway for me in this book, besides a reminder of the scale of time, was how we are at a point where we have a never before available level of information and understanding available to us. I found it very motivating to learn how to learn, ala spaced learning, using the many tools we have at our disposal: podcasts, books, audiobooks..
I've had this on the shelf for years, and finally getting back into some math this year I felt compelled to read it to jog my memory a bit. It can be read quickly on a nice relaxing weekend and for folks who love math but didn't study it too widely or deeply, it is a fun hop back in.
A review with references and some app/software suggestions wrt Spaced learning.
I have been playing with this concept lately, or a similar idea, by listening to audiobooks that I am reading, but also finding podcast discussions on the topic with or without the author. This seems to help reinforce the ideas and allows me to have more of those little aha moments one has when reading.
Humans are imprecise, biased, state recording beings. We record our state of the world and of ourselves and try and communicate our state and interpretations to others.
Facts are often muddied by imprecision. Interpretations are biased, and suffer from a lack of or poor information.
The illusion of time results from "recording" state and the sequence in which it occurred.
Go to source for privacy tools and best practices.
PDF on mimetic theory, startups/founders and Peter Theil. I need to revisit this after letting some recent investigation on mimetic theory sink in.
Even what might seem like a thing—a stone, say—is really an event taking place at a rate we can’t register.
Quite a good if not hard to hear discussion on Girard and some of his concepts.
Search here for two podcasts with René Girard. Both very good discussions.
5 part series covering the ideas of René Girard. Of all that I listened to this was probably the best place to start, though I did listen to most several times.
"Instead of viewing scarcity in terms of a dearth of some physical substance, @NickSzabo4 imagined scarcity as the property of being expensive to produce and for this cost to be hard to fake - or said another way, easy to verify."
"Since many of my twitter fights devolve into people saying "but it's actually not centralized tho", let's talk about wtf decentralization actually means."
...the bitcoin network, and, by extension, its money token enable the highest form of property rights of any socio-economic institution in the history of man... That is the key innovation of Bitcoin: It detaches property rights from the legal system and the monopoly on violence. For the first time, we can have property that does not rely on a local authority to enforce and protect. It is easy to conceal, defend, divide, move, and verify — all by yourself, granting you the highest level of personal sovereignty.
Keeping this around for when I read the book. I tried the audiobook and the narration was not to my liking, so, paper when I can.
I'm not sure how I feel about this interpretation of Girard to these events, but this was the tweet that got me interesting in reading about mimetics.
A nice bit of financial history, and this bit I quite liked, "The more successful you are at something, the more convinced you become that you’re doing it right. The more convinced you are that you’re doing it right, the less open you are to change. The less open you are to change, the more likely you are to tripping in a world that changes all the time."
Worth keeping this around for returning to or referencing.