Despite much opinion to the contrary, the government money we use is crappy.
I'm at bitfest in Manchester to find out if Bitcoin could be a better money.
It could hardly be worse.
The mood is still good, people are joking about recent devaluation rather than crying. Those who aren't all in are trying to buy more at the discount.
After an introduction by Mad Bitcoins, Joe Bryan explains the problem with government money.
He imagines an island on which two types of money are tried, with a dividing wall between them.
When economic problems hit, government can just print more money on the fiat side. Everyone now using money which is worth less. Distorting prices, inflating asset prices, making the rich (who hold assets) richer and the poor (who have to pay inflated prices) poorer. Driving wealth inequality.
On the hard money side, government must tax properly. Take in more from the rich rather than inflating to take it from the poor. Reducing wealth inequality.
On the government money side, the wealthy monitize houses, stocks, resources. Saving in money is impossible, its inflated away. So they save in assets and hording resources. Capital is misallocated. The youth can't afford houses. Poverty traps are caused. The only way out is printing more for benefits. Making it all worse. More economic crises, more printing. More government debt.
Eventually, the wall is broken. Government money people can save in the hard money instead. It reduces the value of government money further. More printing. More inflation.
Eventually, war. Funded by printed money.
The dollar is the best of a bad bunch all other government money is falling in value even faster.
I wonder, is bitcoin really this better money though? It's limited, hard, and can't be printed without energy investment.
I'm still unsure that fixing money fixes the world.
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Note: "crypto" is mostly more like government money than bitcoin. It can be printed indefinitely by it's makers, does not cost it's makers to print. Crypto is usually just a scam people to get more bitcoin. Bitcoin is not crypto.
#bitfest #bitcoin
Memory lane.
Many of my generation remember that feeling. When you had to go to school all day, only to come home, open MSN to talk to your friends, use a buzzer to get their attention, open your mailbox to find out there was no email, and share that computer with your whole family. Or when you got your first mobile phone—most likely a Nokia 3310—which you might still have after 20 years, with one block of battery remaining. Remember when you had to ask for directions to a street you’d…
Gemini co-lead Oriol Vinyals says Gemini 3's gains come from better pre-training and post-training, contradicting the idea that pre-training gains are falling (Stephanie Palazzolo/The Information)
https://www.theinformation.com/articles/google-unseats-anthropic-…
This applies to all of us #Researchers - why do we keep flying all around the world just to give (or watch) some talks that could have been given or watched online???
Yes, in-person conferences are slightly better for "networking"... but is this really worth destroying the planet?!
Quoting @…
Sorry, I'm feeling bitter tonight. But all those good tunes and this is number 1! FFS! #totp
No one wants to build bad products. But in an industry where programmers implement features to order, it can be hard to shake that feeling.
This is how orgs see the ROI of UX: as a soothing function to tell everyone they're doing a good job. And as a scapegoat, when we finally learn otherwise.
UX cheerleading is doing the industry no favors.
#UX
from my link log —
Temporal: getting started with JavaScript’s new date time API.
https://2ality.com/2021/06/temporal-api.html
saved 2021-06-29 https://<…
I have the distinct impression that we could use most American "sci-fi" TV series (which seem to have a kink for post-apocalyptical scenographies) as a diagnostic tool for the autism spectrum.
For a moment, let's leave aside the tons of right-wing propaganda "hidden" in plain sight, and their excessive reliance on boring & worn out tropes (religious & cultish bullshit, irrational lack of communication & excess of anti-social behaviour, all vs all, ultra-low-iq characters*, psychotic & irrationally treacherous characters*, ultra-inconsistent character development used to justify "unexpected" plot twists, rampant anti-intellectualism...).
What could be used as a diagnosis tool is the incredible amount of strong inconsistencies that we can find in them**. It throws me out of the story every single time; and I suspect that it takes a certain kind of "uncommon personality" to feel that way about it, because otherwise these series wouldn't be so popular without real widespread criticism beyond cliches like "too slow", "it loses steam towards the end of the season", etc.
Many of those plots start in a gold mine of potentially powerful ideas... yet they consistently provide us with dirt & clay instead, while side-lining the "good stuff" as if it was too complicated for the populace.
Do you feel strongly about it? Do you feel like you can't verbalize it without being criticised as "too negative", or "too picky", or an "unbearable snob"? Do you wonder why it seems like nobody around shares your discomfort with these stories?
* : I feel this is a bit like the chicken & egg problem. Has the media conditioned part of American society to behave like dumb psychopaths as if it was something "natural", or is the media reflecting what was already there? Also, could we use other societies as models for these stories... just for a change? Please?
** : Just a tiny example: a "brilliant" engineer who builds a bridge out of fence parts and who doesn't bother to perform the most basic tests before trying it in a real setting and suffer the consequences: the bridge failing and her falling into the void. Bonus points for anyone who knows what I'm talking about.
Matt LaFleur 1-on-1: 'We've got to be better' https://www.packers.com/video/matt-lafleur-1-on-1-we-ve-got-to-be-better-week-4-2025
An approximate history of my amateur phone photography:
1. Really poor photos. Unsavory interest in (low resolution) panoramas.
2. Photos get a little better. Sometimes they're HDRs (I suspect the camera app was set to "auto").
3. A new phone. Higher resolution and a gyroscope.
4. Switching to LineageOS, and therefore to #OpenCamera. HDR enabled unconditionally.
5. HDR does not always come great (compared to the stock Motorola app that doesn't work anymore). I enable saving component photos, so I could try getting a better quality combination using the PC. I never manage that.
6. I start experimenting with exposure correction (combined with HDR). Sometimes I do multiple photos with different "Eves" to choose the best one.
7. A new phone. Finally, given even the gyroscope was failing already.
8. I learn that Pixels have "HDR " that gets activated when you do standard mode photos. For a while I do both standard and HDR photos; also I compare the middle component image with the standard mode image. [https://opencamera.sourceforge.io/help.html#faq]
9. Before I reach any final conclusions, I read "What is HDR, anyway?" I disable HDR entirely, instead I save standard mode (i.e. HDR ) raw images (which presumably aren't affected by HDR ) [https://www.lux.camera/what-is-hdr/]. Not that I ever managed to get anything good out of raws.
10. I discover that I can switch the lens. Today I've made my first photos, switching lens to get optical zoom 💪.