6,261 karma · joined October 14, 2019
The very first thing I did before even thinking about running this stuff on my computer was learn how to make sandboxes via bubblewrap. But I'm constantly amazed by how many people are just getting by on a wing and prayer every day then cry out when things go wrong. We have the tools to take care of ourselves but most just want someone else to do it for them.
I know about central bank reserves. It's not fractional reserve banking, though. It's basically just regulation, but regulation done in the language of money, which banks (and any 5 year old) can understand.
Banks have many reasons for attracting deposits. Not least of which to get customers "on board" such that they might buy other financial services. But yeah, they also need to stay on the right side of regulation, or not run out of central bank reserves, if you prefer to think of it that way.
Ultimately it's all fake. Whether you think of it as "reserves" (that don't really exist, of course), or regulation is up to you. It's ultimately just a bunch of IOUs but raised up about ten levels of abstraction.
Anyway, the whole thing is incredibly complex and nobody understands the whole thing. I did think the commenter was referring to fractional reserve banking, but they might have meant central bank reserves, I don't know.
I didn't feel like they pushed hard at all to upsell anything, it wasn't like a car dealer, but the options were definitely available. We chose the cheapest possible coffin because what a ridiculous waste of resources otherwise. Literally nobody was going to scrutinise it and then it was going to get burnt. I noticed the catalogue had quite a few more pages in it, though.
Interestingly my dad, newly widowed, was much more sceptical of the whole thing than me. He found the language they used quite disagreeable. They would refer to the body as "her" and say things like they are "looking after her" etc. She had lost almost half her bodyweight before death so it is kinda weird that this half matters so much. To us, of course, she had already left. We looked after her, they were just moving a body around.
But you have to think, a lot of people will pay a lot more to buy into this illusion and perhaps soften the blow of the death. I feel like you have to confront it one way or another so just get it over and done with. I just imagine the souls of the departed watching from a higher plane of existence puzzled about why we care so much about their former bodies.
Long ago it was understood that monopolies are bad for us, but it looks like we're destined to learn these lessons again the hard way. I don't think it was ever imagined the people would vote monopolists into the position of regulator.
I wonder how many thousands the author has spent chasing the dragon.
Indian diets are very different from the average American diet. Loads of vegetables. Even non-vegetarians get tons of fibre and are often eating 20-30 different plants in a day. Most of it fresh too.
I train an SVM on my previous year's ledger, then it interactively goes through the CSV bank statement showing the prediction for each transaction, and allows me to quickly change it if I don't agree, using fuzzy completion. I used scikit-learn for the machine learning. It's not "production grade" or anything, but it really doesn't matter.
All the code is here in case it's useful: https://github.com/georgek/accounts But it's very much made for me. It was all about making something with low enough friction that I'd actually use it. It won't necessarily work for anyone else. I'd imagine an LLM could pop out something very similar these days, but you wouldn't learn anything in the process, of course.
Worth noting, though, being able to "afford" this kind of thing isn't just about the money. Most people get only a few weeks holiday per year, and many aren't allowed to take more than a couple of at a time. To get the most out of something like this you'll ideally have a month at the very least to holiday, which is not possible for most.