lottin (u/lottin) - Readit News

lottin commented on Wikipedia says traffic is falling due to AI search summaries and social video techcrunch.com/2025/10/18... · Posted by u/gmays

nickff · 2 months ago

If a company retains earnings, it has to pay taxes on them (as profits), but the money is still at risk (from a shareholder’s point of view) if something bad happens to the company (lawsuit or market problem). Shareholders usually want to receive whatever money the company has saved up, to safeguard it from being lost for no reason, and so that they (the shareholder) can put it to use elsewhere. This would change if the government stopped taxing retained earnings.

lottin · 2 months ago

Retained earnings are not taxed per se. A company pays taxes on profits. Whether the profits are distributed to shareholders or retained makes no difference whatsoever as far as taxes are concerned.

lottin commented on GNU Health gnuhealth.org/about-us.ht... · Posted by u/smartmic

cyberax · 2 months ago

"Broken windows" is not a fallacy. The common belief that it's a fallacy is a fallacy.

"Broken windows" indeed can stimulate the economy and improve the lives of people. But not _always_.

lottin · 2 months ago

How does exactly "breaking windows" improve the lives of people?

lottin commented on Unix philosophy and filesystem access makes Claude Code amazing alephic.com/writing/the-m... · Posted by u/noahbrier

simonw · 3 months ago

The Unix philosophy here is less about it being a terminal app (it's a very rich terminal app, lots of redrawing the whole screen etc) and more about the fact that giving a modern LLM the ability to run shell commands unlocks an incredibly useful array of new capabilities.

An LLM can do effectively anything that a human can do by typing commands into a shell now.

lottin · 2 months ago

I can't imagine a situation in which I'd want to explain what I want to do on the command line to an LLM, instead of typing the commands myself.

lottin commented on How has mathematics gotten so abstract? lcamtuf.substack.com/p/ho... · Posted by u/thadt

lottin · 3 months ago

I wish the scroll bar was a little less invisible.

lottin commented on Gold hits all time high goldprice.org/... · Posted by u/tru3_power

paxys · 3 months ago

Gold, silver, stocks, real estate, Bitcoin, baseball cards, fine art, Rolexes - everything is trading at or near their all time highs. The value of the US dollar is simply going down.

lottin · 3 months ago

As expected. This is why we don't use nominal dollars for measuring changes in prices over long time periods. It's meaningless.

lottin commented on Claude Sonnet 4.5 anthropic.com/news/claude... · Posted by u/adocomplete

emil-lp · 3 months ago

How do you measure 3x sustained output increase?

Is it number of lines? Tickets closed? PRs opened or merged? Number of happy customers?

lottin · 3 months ago

I think it's just a meaningless sentence.

lottin commented on Why you’d issue a branded stablecoin text-incubation.com/Why+y... · Posted by u/krrishd

krrishd · 3 months ago

USDC gets me 4% on Coinbase, and USDB and other Bridge-issued custom stablecoins also give the customer rewards that they can pass onto the holder (thanks to MMF/similar cash equivalents behind the scenes etc).

But yes - this is why banks want to prevent stablecoin issuers from being allowed to grant rewards

lottin · 3 months ago

If I deposit dollars in a savings account I will get paid interest, but that is different from the dollar itself being an interest-bearing asset. I think the same thing applies to stablecoins. Does USDC pay interest to the holder or do I have to make a USDC deposit at Coinbase in order to get paid interest? Also, banks already offer a ton of products that generate yield. I don't see why a product that seems relatively similar to many products that banks already offer would destroy their business... unless such a product is much better than what banks offer, but that doesn't seem to be the case.

lottin commented on Why you’d issue a branded stablecoin text-incubation.com/Why+y... · Posted by u/krrishd

krrishd · 3 months ago

The theory, at least, is that everyone would eventually be incentivized to move deposits out of the banking system and into this.

(I am not sufficiently expert here to comment on the odds of an outcome like that)

lottin · 3 months ago

Considering that stablecoins don't pay interest to the holder, I don't know why anyone would be incentivised to move their funds into stablecoins.

lottin commented on Why you’d issue a branded stablecoin text-incubation.com/Why+y... · Posted by u/krrishd

krrishd · 3 months ago

> But then can you have a world where all the money is only stablecoins and backed by "something"? I think that has interesting implications for monetary supply and central banking

This strikes me as among the biggest macro risks, and (IIRC) is one of the reasons banks are fighting to prohibit stablecoins from granting yield (to keep the banking system working).

A different primitive that is related to stablecoin but not the same thing, popular among banks, is the "deposit token" - basically a stablecoin, but backed by bank deposits rather than 1:1 cash reserve, and operated by banks. eg. JPM's "JPMD": https://www.jpmorgan.com/payments/newsroom/kinexys-usd-digit...

Not sure how popular / active they are yet, but I imagine they will become a bigger deal as stablecoins are further regulated / banks push harder on their own interests.

lottin · 3 months ago

Why would a stablecoin granting yield keep the banking system from working?

lottin commented on Paracetamol disrupts early embryogenesis by cell cycle inhibition academic.oup.com/humrep/a... · Posted by u/XzetaU8

cenamus · 4 months ago

Same goes for icebaths, they reduce inflammation, which is the whole point of working out.

lottin · 4 months ago

The whole point of working out is to stress the organism in order to induce a physiological adaptation. Inflammation is NOT the point, but rather an unfortunate side effect.

u/lottin

KarmaCake day3487September 18, 2013View Original