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garydevenay

142 karma · joined July 22, 2011

meet.hn/city/gb-City-of-Edinburgh

Interests: AI/ML, Entrepreneurship, Programming, Remote Work, Startups, Web Development, Philosophy, Investment, Fitness, Data Science

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garydevenay··on Emporion: A P2P Economy for Agents
Hey Hacker News! I'm the developer of Emporion. It's a really new project but I'd be happy to answer any questions.
garydevenay··on Show HN: I built a running coach that reacts to your training performance
Yes, self made. Based on fairly standard practices. The intensity of the plan workouts are based on how you are performing during the training block and adapt to fit the most “optimal” for you
garydevenay··on Ask HN: Promoted, but Career Path Derailed
1. Communicate this to your leadership? They can’t read your mind and communication is the only thing that makes an organisation work.

2. You don’t have to join the team and just observer the status quo, especially in an under performing team. I see a Sr Staff Eng as a leadership role- shatter the status quo and reform it to be a high performing team.

Take the bull by the horns.

Edit: This will do more for your career than any team or product you can produce.

garydevenay··on TikTok preparing for U.S. shut-off on Sunday
The fact people are using either is mind numbing. Such a waste of life.
garydevenay··on Freenet: A decentralized alternative to world wide web
Nostr (https://nostr.com/) is doing reasonably- though I think most apps are still in the social media realm.
garydevenay··on The importance of local development
Not having a local development env is a total productivity burner for me.
garydevenay··on Bitcoin windfall for Mt. Gox creditors after 10 year wait
This is true in crypto, but not true in Bitcoin
garydevenay··on Bitcoin windfall for Mt. Gox creditors after 10 year wait
The supply wouldn’t even be increasable if SHA256 is cracked
garydevenay··on Bitcoin windfall for Mt. Gox creditors after 10 year wait
It’s also not just that! theres no requirement for a business to be involved for it to be an investment (e.g Gov bonds)
garydevenay··on After 6 years, I'm over GraphQL
I admire the 6 year dedication (or architectural investment?). We were both jumping aboard that hype train in 2018, even talked about it in meat-space. I left that project in 2019 and never looked at GraphQL again, so didn’t make it as far you to the technical depths.

Something just never felt right about the client building the queries for me, I guess.

garydevenay··on Learning Theory from First Principles [pdf]
Certainly doesn't seem like first principles...
garydevenay··on Holepunch Unveils P2P Platform "Pear Runtime"
I certainly had no intention of attempting to put words in your mouth, but I believe the words you wrote have the implications that I highlighted.

I disagree that I am being dishonest. I stand by the fact that the money is stolen. Bank rescues are financed through the monetisation of government debt, this causes monetary debasement which directly confiscates purchasing power of those who hold the money, without their permission. This fits the definition of theft.

garydevenay··on Spot Bitcoin ETF receives official approval from the SEC
I use Bitcoin almost every day. Using fiat rails is painful.
garydevenay··on How crypto goes to zero
Not exactly. Credit creation creates an asset and a liability. The creation of credit facilitates the ability to create liabilities in excess of the underlying asset (e.g fractional reserve banking).

By introducing the ability to transfer a scarce asset globally you resolve the requirement for credit, as no one ever needs to redeem.

Credit is a hack, Bitcoin is the fix.

garydevenay··on How crypto goes to zero
I argue that it's the best value exchange that humans have found since turning wood in to fire.
garydevenay··on How crypto goes to zero
Western Union doesn't transfer value, it creates and settles credit.
garydevenay··on Mainnet Merge Announcement
Signalling is not consensus I’m afraid…
garydevenay··on Mainnet Merge Announcement
The rules of the Bitcoin network are not validated by miners, they are validated by nodes. The miners have no control over nodes and unless their mining work is accepted by the consensus rules of the nodes they receive no mining reward.
garydevenay··on El Salvador's Bitcoin Buys Tracker
That's just untrue.
garydevenay··on El Salvador's Bitcoin Buys Tracker
Given that my statement is factually true and the other is factually false, I'd suggest you are imposing your own bias on that.
garydevenay··on El Salvador's Bitcoin Buys Tracker
No one is implying, or actually discussing personal debt or likeness to personal debt but you.

Of those with Debt:GDP higher than the US, who exactly are you aspiring to in terms of quality of life? https://worldpopulationreview.com/country-rankings/debt-to-g...

garydevenay··on El Salvador's Bitcoin Buys Tracker
The Federal Reserve is the currency issuer, not the US Government.
garydevenay··on El Salvador's Bitcoin Buys Tracker
I'm exclusively talking about sovereign debt, I am not talking about personal debt at all.

The problem the US has is that it is one of the largest creditors of its own liabilities. The US prints its own money to issue itself debt with it. History's biggest ponzi.

garydevenay··on El Salvador's Bitcoin Buys Tracker
That's not true, it might not be close to being used as much as the dollar, but you are being intellectually dishonest.
garydevenay··on El Salvador's Bitcoin Buys Tracker
The US currently has $30,395,962,543,534.33 in debt and a GDP of ~$20,953,030,000,000.00 coupled with rising interest rates and record inflation. I think that's the "leader's gamble" to be really concerned about.
garydevenay··on El Salvador's Bitcoin Buys Tracker
The important thing to note about El Salvador's Bitcoin buying strategy is that it is not a "Buy and Hodl" strategy. Bitcoin in El Salvador is used as a currency, and just in the same way the Salvadorian government needs to procure dollars for their citizens to use in the country, they do the same for Bitcoin.

The Bitcoin that El Salvador is buying is used as liquidity and is interchanged to and from dollars with it citizens on a daily basis. They are constantly making BTC/USD trades with their citizens, so it's not quite as straight-forward as "Bought at price X, today's price is Y, therefore loss is X-Y".

garydevenay··on Consumer prices rose 8.5% in March – highest since 1981
Energy and food based inflation was already a huge problem before Russia's invasion of Ukraine.

There is no monetary phenomenon. It's clear as day on the Fed's balance sheet the reason for inflation. https://www.federalreserve.gov/monetarypolicy/bst_recenttren...

If one can't understand why the value of their money goes down as the government buys trillions of dollars of their own debt with non-existent money, I'm not sure how to help.

garydevenay··on DynamoDB 10 years later
The most reliable way to build a system with DynamoDB is to plan queries upfront. Trying to use it like a SQL database and make Ad-Hoc queries won't work because it's not a SQL DB.

Data should be stored in the fashion you wish for it to be read, and storing the same data in more than one configuration is acceptable.

Good resource: https://docs.aws.amazon.com/amazondynamodb/latest/developerg...

garydevenay··on Blockchain-based systems are not what they say they are
If you freeze a UTXO, one can spend that UTXO inside the network by committing a transaction and the output will be a new UTXO which is different from the previous one, thereby unfreezing it.

This is the basis for mixing services which do this at scale.

The fact is that the author is using intellectually dishonest arguments to try and convey something as the truth, which is not true.

The above also doesn't take in to consideration any L2 or Taproot transactions that provide even easier ways to mitigate Government overreach.

garydevenay··on Blockchain-based systems are not what they say they are
> For example, if you bring up the question of whether the major centralized exchanges could all decide based on instructions from an oppressive government to freeze exchange of tokens belonging to a dissident, you’ll be told that that’s no problem in their theoretical world where a Bitcoin is a Bitcoin and if an exchange won’t accept yours, you can easily find an exchange that will.

Centralised exchanges can't freeze the exchange of Bitcoin. They themselves can decide that THEY won't accept money from certain individuals (Centralised exchanges are required to complete KYC for users), but they have no power to stop UTXOs being spent on the network. The only way UTXOs can be prohibited from being spent is via consensus between node operators.

This is just one example of many points where the author decides to fuse centralised services which interact with the decentralised network with the network itself.

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