Tag: Real world math
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Great interview on economics
Another great interview. Elliott explains macroeconomics in a truly understandable way. His approach should be used in textbooks. The prison analogy is strictly accurate. Been there, done that.
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Reality = ∫(Demon)dt
Wolf has two great graphs today. The first is the total quantity of counterfeit “money” in the central bank, updated. It shows the sudden surge “justified” by the 2008 manufactured “crisis”, and the VASTLY LARGER surge “justified” by the VASTLY LARGER 2020 manufactured “crisis”. The 2022 turnaround is continuing without pause, and the demons are…
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Like Hank says, 2
Continuing on the theme that math doesn’t solve anything… At the same time when Elon has taken over Twitter, @Jack has started up his own Twitter alternative, which isn’t exactly a platform, more like a super-browser. @Jack is making the same basic marketing error that Brendan Eich made with his Brave browser. When you introduce…
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Like Hank says….
In a topic with very little definite (unclassified) information available, a well-regulated imagination is more important than math. Well, actually that goes for all topics. Math is not the foundation of the universe or the foundation of anything. It’s an occasionally useful descriptive tool. Here’s what happens when academicians try to discuss life on other…
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No, it’s the exact opposite of math
Bitcoiners constantly say they’re letting math rule. Math is god, math is supreme, math is unarguable. Nope. They’ve kicked math out of the house. Math is always formed in equations. Using math means screwing around with both sides of the equal sign, always keeping both sides effectively equal. That’s the original definition of algebra, and…
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Picture worth 14 trillion words
I linked this graph in previous item about central banks opening the dam in 2020 and now starting to shut the dam. The graph is so extremely extremely extremely extremely extreme that it deserves to be seen on its own. This is the M1 supply of money, basically all the dollars that have been “printed”…
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Ready when needed
It’s always a pleasant surprise when a needed bit of memory pops up after LONG storage. I’m already grumpy from loss of sleep due to the psychopathic thunderstorms last night. Random yellow and red blobs on radar, sometimes missing, sometimes fading, sometimes suddenly growing, and ALWAYS coming from unexpected directions. Every time you think Okay,…
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The ultimate website for Scrip
For many years I’ve been trying to make the point that bitcoin is the EXACT OPPOSITE of decentralized. When all transactions are made and recorded on ONE SINGLE LEDGER, and the ONE SINGLE LEDGER is contained inside NSA’s web, you are ultimately and infinitely centralized in the worst possible way. Ordinary currency is naturally decentralized.…
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Reprint on pure math
The two ‘missed points’ in previous item combine neatly to inspire a reprint from last year. = = = = = Normal people correctly associate heft with value. This makes sense in most real products. A car or house built with thicker materials and bigger beams WILL last longer, and WILL be more resistant to…
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Two missed AI points
Not hugely important, but I’ve started this tradition and might as well maintain it. = = = = = Marks at MindMatters has a long podcast on the latest proposals and projects using AI. There are two notable missed points: = = = = = National Football League is holding a competition to develop AI…
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TODAY IS CAPS LOCK DAY!
CAPS LOCK DAY! OH BOY! MY FAVORITE! APPARENTLY CAPS LOCK DAY WAS INTENDED TO HONOR BILLY MAYS, THE KING OF INFOMERCIALS, WHO ALWAYS TALKED IN THE AUDIO EQUIVALENT OF CAPS LOCK. 6/28 IS ALSO TAU DAY, FOR A MORE OBVIOUS REASON. TAU IS A WORTHY REFORM THAT STANDS NO CHANCE OF ADOPTION. ALL PRACTICAL USES…
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Ockham, Machiavelli, Kernighan
Following on previous item with the simple advice DON’T PLAY. Watching the coiner idiots respond to the total collapse of their project is fun. Instead of running away, they continue arguing about PRECISE DETAILS AND PRECISE NUMBERS. Side A: This is an opportunity to 12.59347% short XTJIOERJY and long 36.78946859% UUEYHHGNOTC. Side B: No, FUD…
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Numbers all the way dooooooooooooown
Musical accompaniment. Time for a sip of Chateau Schadenfreude, now that the Holy Bitcoin has dropped off the scale at $20k. This number is not just a ‘chartist’ threshold. Some crucial loans and margin calls were designed to be triggered at this number. When your fake “economy” is built on Magic Numbers All The Way…
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EXPonential EXPectation reprint
Inspired by NFT stupidity, here’s a reprint from 2018. = = = = = ABSTRACTION is the cause of EVERY SINGLE CRASH in business, government, and ordinary lives. Abstraction has three Ds: (1) Debt. (2) Delusions. (3) Drugs. All three are unsustainable departures from real value and real work and real measurements. Sooner or later…
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Nice graph humor
Here’s a truly funny piece of graphic wisdom. Most graphs violate this rule. More numbers and more lines DO NOT convey more information. The most common example is polls that show percent approve vs percent disapprove, or percent R vs percent D, as perfectly mirrored lines. Only one of the lines is necessary. The mirror…
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