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This is all to underscore the author's point: NAT may necessitate stateful tracking, but firewalls without translation has been deployed at massive scale for one of the most numerous types of device in existence.
Already happening :-) https://github.com/Dicklesworthstone/beads_rust
The other area I'd like to see some software engineering thinking that's more open ended is on regression testing: ways of storing or referencing old versions of texts to see if the agent can complete old transformations properly even with a context change that patches up a weakness in a transformation that is desirable. This is tricky as it interacts with something essential in software engineering, the ability to run test suites and responding to the outcome. I don't think we know yet when to apply what fidelity of testing, e.g. one-shot on snippets versus a more realistic test based on git worktrees.
This is not something you'd want for every context, but a lot of my effort is spent building up prompt fragments to normalize and clean up the code coming out of a model that did some ad-hoc work that meets the test coverage bar, which constrains it decently into having achieved "something." Kind of like a prototype. But often, a lot of ungratifying massaging is required to even cover the annoying but not dangerous tics of the LLM, to bring clarity to where it wrote, well, very bad and unprincipled code...as it does sometimes.
It was also one of my favorite posts of his and has aged incredibly well as my experience has grown.
Steve has gone "a bit" loopy, in a (so far) self aware manner, but he has some kind of insight into the software engineering process, I think. Yet, I predict beads will break under the weight of no-supervision eventually if he keeps churning it, but some others will pick up where he left off, with more modest goals. He did, to his credit, kill off several generations of project before this one in a similar category.
These have been outpacing CPI because they're levered by cheap debt, brought to you by central bank actions that keep rates low so governments can play the same levered games with their own runaway fiscal policies.
Because there's a lot one could write about each of: equities, real estate, gold, silver, platinum (which have very different industrial exposures), and bitcoin, which have many price drivers.
So let's try something more parsimonious: what do you make of people, institutions, etc that bid on short and even long-dated sovereign debt around the globe, and come up the collective discovered price of, say...3.5%, annualized, for maturity in a month? https://www.treasurydirect.gov/auctions/announcements-data-r...
Are CPI measurements difficult? Sure. It takes a bunch of expert eggheads and a lot of shouting to come to consensus. Still better than trusting some kind of magical commodity market to tell you.
Not to suggest CPI is redundant, there's a reason why central bankers read it after all. For one, it's the most timely data they have. But it's impossible to nudge it year after year -- accumulative error -- without it become obviously decoupled from other data, including the long-term bond market data. It just so happens commodities are the wrong yardstick.