People seem to take it as some sort of impressive critique of statistics and the scientific method. Similar to "there is a Replication Crisis, vaguely speaking, so your bigot facts don't matter." No, the replication crisis is mostly a function of low sample sizes and misinterpretation, if a paper has a decent number of people and isn't being interpreted by an activist (like, ie, the social researchers themselves), it's valid.
Same thing here, this is only impressive to people who don't know how to interpret statistics.
How can you think this is a critique of statistics? People are liking it because it's a clever brand of internet snark involving knowledge of statistics. You can say it's shallow and just for people who want to flatter themselves with how knowledgable they are, but it's hardly a critique of the field of statistics, just a critique of bad statistics.
I think "useful" is doing a lot of work here. A lot of math notation exists clearly to gate keep. It's often nonsensical. It's a shame because it really makes mathematicians look bad (re:annoying) to those who can see through it. It's not hard to see through it or anything, but it is obnoxious. All you need is an english explanation of the notation, and then you're good, but often all of the sources on the topic are written in the same obnoxious babble language.
This is supposed to be an algorithm implemented in code. It's essentially illegible without code examples, which it doesn't feature. Code examples tell you what the cipher signifies; at no point does the cipher provide any value to the learner. Fanciful bayes-theoretical statements and so on basically reduce to "iteratively build enlarging valid states." Given the fact that this simple statement is missing, I question if the professor has some sort of communication disorder or if they're just a troll. Similar to pomo philosophers, it's probably a mix.
Lecture powerpoints are bad everywhere since you are meant to listen to the lecturer speaking about them, they aren't meant to be read independently like this.
Try to understand programming based on a programming lecture powerpoint, it is usually impossible.
Edit: Also you can't write code for what he is talking about in that lecture. Code cannot deal with infinities or continuous values. You'd get approximations which isn't the same thing, then you'd need to prove that those approximations are good enough which would have to be done without code anyway.
Correct. Inflation is when the dollar gets weaker for the masses because the elite are printing themselves dollars. Deflation is when the dollar gets stronger for the masses because the elite's proportion of the national currency is decreasing. We have pro-inflation, anti-deflation economic ideology because the elite fund the economists' "research."
Stronger/weaker refer to the value of a dollar compared to other currencies; inflation/deflation refer to the value of a dollar compared to goods and services. Neither is related to the "elite's proportion of the national currency". Again, I can only suggest reading some articles about this stuff.
> We have pro-inflation, anti-deflation economic ideology because the elite fund the economists' "research."
Suppose USD deflated; what would happen? Some people would move some money from other assets (stocks/bonds/etc) into currency and hold it for risk-free returns. What would that do? Reduce the amount of money in circulation. What does that do? Deflate the currency even more. What does that do? Incentivize even more people to move money into currency, which makes the currency deflate even more.
The whole point of a currency is that people spend it or invest it in something useful. If it's going up in value, they're incentivized not to do that, and it stops being used as a currency. This is an unambiguously bad outcome. I don't believe shadow elites are trying to convince economists of this, because they're already convinced.
Stablecoins are dangerous because they have the potential to change the current selection effects on the elite. For one thing, stablecoins subvert the ability of the Federal Reserve to print money and give it to their friends at Goldman Sachs et al --- normally this is supposed to result in their friends have a larger fraction of money than they previously had. You start with 1 dollar, David at Goldman Sachs starts with 1 dollar, you each have 50% of the wealth in the "nation." David and his friends start printing themselves money, soon they have 99 dollars and you have 1, and you can't compete because they'll lock you up with violence for being a "counterfeiter." That's how inflation works.
When there's stablecoin, you just put your dollar in stablecoin before they print the money, the dollar inflates, stablecoin goes up proportionately, you spend the stablecoin and things remain fair.
This obviously curtails the ability of the ruling class to reproduce itself. More than that, if the pool of people getting billions through stablecoins is more random than the pool of people who got rich on the dollar, then the ruling class will change to be more representative of the population as a whole.
This could cause massive cultural changes, consequently.
> When there's stablecoin, you just put your dollar in stablecoin before they print the money, the dollar inflates, stablecoin goes up proportionately,
Printing fiat makes stablecoins denominated in the currency lose real value, not gain in it. (Stablecoins denominated in a different currency would gain nominal value in the printed currency, the same way direct holdings in the alternative currency would.)
So, no, to the extent easy money policy makes people rich fairly directly, holders of stablecoins denominated in the currency would not be among the beneficiaries.
Printing currency makes that currency (and consequently, anything pegged to it) lose value compared to not doing so, because increasing supply decreases market clearing value.
Leaving aside the dubious idea that the Federal Reserve can give their friends the ability to print money, stablecoins don't subvert any party's ability to print money if they are pegged to that money. If you can print USD, and I have a stablecoin pegged to $1 USD, you can just print $1 USD and buy my stablecoin on the open market.
Ok, fair, the part that I excerpted did confuse the two, but OP goes on to say:
> David at Goldman Sachs starts with 1 dollar, you each have 50% of the wealth in the "nation." David and his friends start printing themselves money
“David at Goldman Sachs” presumably refers to David Solomon, CEO of GS, and in this part of the post he and his friends are the ones printing the money.
I'm not an economist either... but the buying power of your bitcoin goes down if people demand more of it for a given product. If USD prices rise, the bitcoin price will rise too, meaning your bitcoin wealth is affected by inflation, and you're not protected from the Fed printing money.
You assume there is a correlation between USD and BTC. Another way to see this is this:
If USD prices rise, the price of BTC will also rise, as BTC is another product you can buy with your USD. Meaning your bitcoin wealth is not affected by USD inflation.
> When there's stablecoin, you just put your dollar in bitcoin before they print the money, the dollar inflates, bitcoin goes up proportionately, you spend the bitcoin and things remain fair.
Alright, exactly where do stablecoins come into play in this scenario?
> When there's stablecoin, you just put your dollar in stablecoin before they print the money, the dollar inflates, stablecoin goes up proportionately, you spend the stablecoin and things remain fair.
> stablecoins subvert the ability of the Federal Reserve to print money and give it to their friends at Goldman Sachs et al
... and now the owners of the stablecoin can print money and give it to friends of the stablecoin.
I don't see how stablecoins are any better than the Federal Reserve. If anything they are strictly worse. The owners of the stablecoin are semi-anonymous and have no governing body. I get that "no governing body" might be a good thing in some people's minds, and I think the OP highlights exactly who those people are.
I'm glad you don't discriminate (nothing "reverse" about it) against men, but many do, and since [your views are wrong](https://www.amazon.com/Essential-Difference-Female-Brains-Au...) it's tantamount to sex-based theft and redistribution.