mtrycz2 (u/mtrycz2) - Readit News

mtrycz2 commented on SEC Sues Binance and CEO Zhao for Breaking US Securities Rules bloomberg.com/news/articl... · Posted by u/kgwgk

wslh · 3 years ago

I remember the last post from Fred Wilson: "The Freedom To Innovate" [1]. Even if the SEC is right about Binance and others, and there are without doubt blatant and huge frauds in Web3, there are huge problems with the financial modernization within the US (and the world). Domestic wire transfers in US takes longer and are more expensive than in Europe and developing countries such as Brazil and Argentina. The SEC is not showing a neutral point of view and any special concerns with innovation and legacy system frauds.

It doesn't matter if it is call Web3, blockchain, or whatever buzzword you like, banks have real power and a clash is inevitable now or in the near future. It took a century to dethrone Bell System [2]. It is a political and economical issue, not just an industry.

[1] https://news.ycombinator.com/item?id=36199584

[2] https://en.wikipedia.org/wiki/Bell_System

mtrycz2 · 3 years ago

> banks have real power and a clash is inevitable now or in the near future

Bitcoin was derailed from being peer to peer electronic cash to this strange "store of value" that doesn't store value. It happened almost six years ago, back in 2017.

mtrycz2 commented on SEC Sues Binance and CEO Zhao for Breaking US Securities Rules bloomberg.com/news/articl... · Posted by u/kgwgk

wslh · 3 years ago

I remember the last post from Fred Wilson: "The Freedom To Innovate" [1]. Even if the SEC is right about Binance and others, and there are without doubt blatant and huge frauds in Web3, there are huge problems with the financial modernization within the US (and the world). Domestic wire transfers in US takes longer and are more expensive than in Europe and developing countries such as Brazil and Argentina. The SEC is not showing a neutral point of view and any special concerns with innovation and legacy system frauds.

It doesn't matter if it is call Web3, blockchain, or whatever buzzword you like, banks have real power and a clash is inevitable now or in the near future. It took a century to dethrone Bell System [2]. It is a political and economical issue, not just an industry.

[1] https://news.ycombinator.com/item?id=36199584

[2] https://en.wikipedia.org/wiki/Bell_System

mtrycz2 · 3 years ago

> banks have real power and a clash is inevitable now or in the near future

Bitcoin was derailed from being peer to peer electronic cash to this strange "store of value" that doesn't store value. It heppened almost six years ago, back in 2017.

mtrycz2 commented on Signs of de-dollarisation emerging, Wall Street giant JPMorgan says reuters.com/markets/signs... · Posted by u/haltingproblem

hospitalJail · 3 years ago

>Signs of de-dollarisation are unfolding in the global economy, strategists at the biggest U.S. bank JPMorgan said on Monday, although the currency should maintain its long-held dominance for the foreseeable future.

So... not as scary as the title.

Anyway what is the alternative? Commodities? China's currency is too controlled. Euro(pe) is too reckless. I like Bitcoin for storing value against inflation, but its not a great currency. GBP? Maybe, but for such a small economy, that is a lot of eggs in 1 basket.

I'm the first one to be skeptical of government fiat currency holding value, but which big player is doing it better?

mtrycz2 · 3 years ago

> Bitcoin: a peer to peer electronic cash system

If you're buying into something that isn't "a great currency" then you are being lied to, and the thing that you're buying has been derailed from the original plan.

mtrycz2 commented on CheerpJ 3.0: a JVM replacement in HTML5 and WASM to run Java on modern browsers leaningtech.com/announcin... · Posted by u/pjmlp

jeroenhd · 3 years ago

With this and Ruffle, we will soon return to the days of Internet Explorer 6 but with 4k monitors!

All we need now is to run ActiveX. I think BottledWine can run Windows executables in the browser, how hard would it be to simulate the ActiveX bindings?

mtrycz2 · 3 years ago

Reminds me of "The fall and rise of JavaScript"

mtrycz2 commented on NZ’s biggest data breach shows retention is the sleeping giant of data security privacy.org.nz/publicatio... · Posted by u/EdwardDiego

userbinator · 3 years ago

I very much hope not, for the sake of future historians. Orwell put it best:

"He who controls the past controls the future. He who controls the present controls the past."

mtrycz2 · 3 years ago

Did you really just compare private companies data retention to totalitarian censorship, and in a good way?

mtrycz2 commented on Cheating is All You Need about.sourcegraph.com/blo... · Posted by u/iskyOS

Verdex · 3 years ago

On a similar vein, I tried to get chatgpt to play wordle. The result looked something like:

Me: crane

GPT: _ _ _ _ e

Me: moist

GPT: _ _ _ r _

Me: glyph

GPT: you guessed it, the word was glyph

Now, maybe GPT 4 or other future developments will give better results, but to me this highlights exactly what you're saying. LLMs do not have an internal structure in their 'minds' that they're pondering about. It's a very impressive engine for guessing the next character to produce into a stream.

There's definitely usages for this, but not what a lot of people are saying.

mtrycz2 · 3 years ago

> you guessed it, the word was glyph

My pet conspiracy theory is that is is wired to please the user, to get better coverage from the media and social media.

mtrycz2 commented on Cheating is All You Need about.sourcegraph.com/blo... · Posted by u/iskyOS

Vanclief · 3 years ago

> LLMs aren’t just the biggest change since social, mobile, or cloud–they’re the biggest thing since the World Wide Web. And on the coding front, they’re the biggest thing since IDEs and Stack Overflow, and may well eclipse them both.

I personally feel the technology is over-hyped. Sure, the ability of LLMs to generate "decent" code from a prompt is pretty impressive, but I don't think they are biger than Stack Overflow or IDEs.

So far my experience is that ChatGPT is great for generating code from languages I not proficient in or when I don't remember how to do something and I need a quick fix. So in a way it feels like a better "Google" but still I would rank it as inferior than Stack Overflow.

I am also hesitant about the statement that it makes us 5 times as productive because we only need to "check the code is good" for two main reasons:

1. It is my belief that if you are proficient enough in the task at hand, it is actually a distraction to be checking "someone else code" over just writing it yourself. When I wrote the code, I know it by heart and I know what it does (or is supposed to do). At least for me, having to be creating prompts and then reviewing the code that generates is slower and takes me out of the flow. It is also more exhausting than just writing the thing myself.

2. I am only able to check the correctness of the code, if am am proficient enough as a programmer (and possibly in the language as well). To become proficient I need to write a lot of code, but the more I use LLMs, the less repetitions I get in. So in a way it feels like LLMs are going to make you a "worse" programmer by doing the work for you.

Does anyone feel that way? Maybe I am wrong and the technology hasn't really clicked for me yet.

mtrycz2 · 3 years ago

It can appear reasonably smart on the surface, but all it is is a stochastic parrot. It cannot reason with you about the code.

To best illustrate what I mean, watch this chess match[0] it's quite riveting.

Since it read millions of matches, it can predict a legal move most of the time, and even some good moves some of the time, but it cannot "understand" the rules of chess, and makes some hilariously illegal moves, especially if the match lasts longer.

[0] https://www.reddit.com/r/AnarchyChess/comments/10ydnbb/i_pla...

mtrycz2 commented on Yellen earned millions in speaking fees from Wall St, tech firms (2021) aljazeera.com/economy/202... · Posted by u/csomar

mtrycz2 · 3 years ago

Detail of fees and organizations [0]. Biggest are (in order): Citadel, Citi, Credit Suisse.

[0] https://www.swfinstitute.org/news/83524/janet-yellens-speaki...

mtrycz2 commented on Reassessing relative temporal lobe size in anthropoids and modern humans onlinelibrary.wiley.com/d... · Posted by u/doener

EGreg · 3 years ago

Wow these AI people are really shilling for their “scale is all you need” hypothesis eh? Now they are planting this stuff to gaslight us into thinking the same? :)

https://lastweekin.ai/p/the-ai-scaling-hypothesis

mtrycz2 · 3 years ago

Looks like it. The linked article does NOT show what HN title does. Even the original title does not imply what the HN title does. The article is about one specific area of the brain, which is not the most obvious difference.

mtrycz2 commented on Credit Suisse sheds nearly 25%, key backer says no more money reuters.com/business/fina... · Posted by u/intunderflow

elric · 3 years ago

Now there's a nice bit of irony .. archive.org doesn't respect robots.txt, is nearly impossible to block, but has an anti-bot wall?

mtrycz2 · 3 years ago

The anti-robot feature to me looks like Bloomberg's, not Archive's