Can we at least debate the obvious externality that an insider might skew their advice or actions to personally profit instead of doing whatever they think is most appropriate for their job?
Yeah I agree that there are big negative externalities and this is one. I’m more talking about is someone with insider knowledge but not the ability to influence - is that a bad thing specifically for these type of markets?
It is funny that my first reaction to your post was that you are crazy, but then I looked at his comment history and you are completely right. Boy this is not a good development. I don’t want to spend my time reading AI generated comments.
Clearly this comment relevant to the tool the profile is selling as a kind of ‘submarine’ ad… profile was created 53 days ago (so no green tag) but only started commenting in earnest 12 hours ago (almost as if the account was farmed).
And the comment is full of AI tropes that seem highly generated.
It’s clearly AI generated when you see 3 comments of similar style posted in the same minute.
Anyways ignore the people downvoting you, I don’t want to read AI generated comments even if they are seemingly reasonable. I appreciate you flagging the comment for me, I didn’t even suspect it. I can make my own AI generated content if I want it, I want to read thoughts and ideas from actual humans.
The reason the top pros like chess960 is because they don’t need to spend hundreds of hours of opening preparation, they can just sit down and play.
Caruana (the guy who lost to Magnus), mused in a podcast that chess960 feels strange as a competitor because he doesn’t really prepare (because there are far too many openings to study) and said it feels like he’s getting paid for much less work.
There are 960 possible starting positions and the chosen one is known at the start of the tournament where players are given 15m to prepare. I have observed that GMs aren't surprised when they see the board. They usually go "ah it's this one with the opposite bishops" or something similar.
When a chess player means "no prep" it probably still means more prep than any normal person would consider reasonable, because what would require you to sit down and take notes, move pieces and memorize, they can just do in their head getting coffee by now. So yeah they recognize almost all the patterns, it's just harder justify spending 1 month on an opening you won't even be able to use, but they still know how to play certain patterns.
Oh, totally, I just wanted to highlight what beasts these players are and how wonderous it is to see them recognize so many starting positions that they already started showing familiarity despite how new the tournament format is.
Us east coasters here are having a chuckle (what else can we do? we can't get work done while Claude is down... I'll be damned if I have to type in code letter by letter ever again!).
And what about the precedent it sets for other world powers?
Why shouldn't Russia or China just do the same and interfere with the leadership of countries they don't like.
Also it is impossible to argue the cost of the war in Iraq was worth the benefit, even if we agree Iraq is in a better place now then it was under Hussein.
> Also it is impossible to argue the cost of the war in Iraq was worth the benefit, even if we agree Iraq is in a better place now then it was under Hussein.
But the Iraquis didn’t pay the military monetary cost (arguably they paid a different cost, but it’s very hard to balance that against living under a dictator, and I said that from experience), and I’m sure US’ imperialist shenanigans could recoup the monetary cost. Seeing as US doesn’t have compulsory conscription, that takes away part of the reprehensibility of the human cost of US’ personnel caused by its interventionist policy. Which, to my eyes, leaves the thing as a net positive.
One thing can be said with certainty about countries like Venezuela and Cuba: they are broken and they cause untold pain to their citizens. The moral imperative to fix them is there, even if one can certainly discuss how and maybe quibble a little about the monetary cost.
Just noticed the “whataboutism”. I don’t have a particular take on the comment above but those countries do those things in their own parts of the globe.
The government of nations is anarchy and in anarchy the only rule is that “might makes right”. Some seem to have a view that there is a world government and that there are “rules” when in reality there are none.
There are international agreements, consequences, and parties that may or may not choose to enforce those consequences.
E.g. the entire UN Security Council was predicated on the idea that no other country could/would force a nuclear power to do anything it didn't want to
Your whole argument is that the health care system should be optimized for the most productive members of society (like you, right now).
You are perfectly fine to have that belief, but the majority of people disagree with you, which is one of the primary reasons the system is designed as it is.
I think the market can do a better job of optimizing than central planning ever can - the problem is we have both the costs of capitalism and socialism concurrently with the model we have now. A worst of both worlds scenario.
When somebody is sick we generally save them even if the cost/benefit is poor. No market is going to solve this if you want to save sick people who don’t have a lot of money.
There is no place in the world where health care is solved, it’s one trade off vs another.
The US system is also far far from perfect but your solution is quite shallow and unlikely to fix things in a way society wants.
The quality of health care in the US is significantly higher than anywhere else in the world.
Whether that quality is necessarily (or good) is debatable, but we are getting something for the money.
You also are just completely wrong in your main point. We cannot provide the same efficacy of healthcare as we are now for 60% less. We are the richest country in the world, labor costs more here than other places.
I tried an American PPO with $10 co-pay and no deductibles. It was awesome :)
Nobody could tell me what anything would cost, or if the insurance would cover it. But I always ended up paying $10, whether it was a few pills or an expensive MRI I didn't need.
Oh, yeah the downside is you can accidentally convince your doctor to get procedures you don't need.
Health care in Denmark is decent. But I've been told, no when I wanted to run some tests. That would never happen on an American PPO :)
I have had go wait, while unpleasant, it's fairly harmless (otherwise they don't let you wait).
So if you're on an great PPO plan in the US, healthcare is great.
Whether the outcome is better for the average Joe, is probably a different question.
My sister used to cook on private Yachts in the Mediterranean, and mingle with that part of the population that pay 3-5k/month for private insurance, helicopter evacuation and all that. I'm pretty sure they can ask their clinics any unnecessary tests they want, too.
I've had PPO insurance for a few decades. I've been denied tests and procedures many times, even when I had radiologist exams that supported the surgery according to their own rules. I've been forced to wait for procedures on many occasions.
Ive been to doctors in different countries including the USA. Theres nothing special with general practitioners with the USA.
Or if you end up in China, you can get blood panels for like 10RMB, MRI for 30RMB, and damn near automated to boot.
Go to Mexico for dental work. What costs you here $30k costs you $2k, and they take your insurance.
The US citizens are being gouged, because our government has been bought out by corporate interests who bribe, err, campaign donate to both parties. And thats across every economic activity. Medical is just an egregious one, alongside academics.
Expenses are definitely higher, and doctors and hospital CEOs and med school CEOs do drive nicer cars and have bigger summer dachas, but I can't say the same about quality. Six month waits for a specialist, every PCP and shrink you'd want to visit not taking on new patients, ER wait times comparable with other developed nations, worse overall outcomes...
Maybe the top 0.5% is getting better care, but I really wouldn't shed a lot of crocodile tears for them.
> See what the wait times are for the specialists in other countries, if they even exist!
I assure you, they exist, I have been to them, and the wait times were about as long.
> It’s very hard to solve these things are such a massive scale.
That's goalpost-shifting nonsense that doesn't justify the outrageous cost of healthcare. And most of these problems become easier to solve with a higher population and density and larger economy, because you have way more slack in the system, and you have way more economies of scale that you can put to work.
I'm also not complaining about healthcare in the middle of Alaska, 50 miles from a highway (or deep in the poverty belt). I'm talking about overpriced, underachieving care in wealthy metro areas.
> The quality of health care in the US is significantly higher than anywhere else in the world.
Simply not true.
Infant mortality and under-five mortality rate (U5MR) are one of best simple indicators of the quality of healthcare. USA's mortality is x3 (!!!) of the countries on top. This puts USA around place 50 in the world, worse than Russia...
If you define quality as range of treatment options available, sure. If you define quality as range of treatment options that are accessible, absolutely not.
> 15 out of the top 50 and 4/6 top hospitals in the world are in the US
Outliers do not say much about the overall quality of healthcare in a country. Rather obvious lesson in statistics.
Reminds me of the Russian mathematician who moved to the US after the fall of the Soviet Union. Most of his essays were criticizing American students, but in one essay he was quite frank:
Russians who graduate with math degrees are better than Americans who do so, by a wide margin. However, the average American is better at math because they still get access to some math education in university and do not need to be a top student for admission. Whereas in Russia, if you didn't meet a rather high bar, you simply couldn't get admitted as an engineering/physics/math program, and thus couldn't further your math education (I believe he said the cutoff was even before university).
Country with the top mathematicians, but country with worse math outcomes.
My argument is that specifically the best care in the US is the best in the world. We have the best doctors and the best technology and the best treatments. This is not completely universal but it is also generally accurate.
Whether or not this care is accessible or the median quality is care is good, that is different.
I’m just saying we do get something for the money, it’s not like it all gets thrown down the drain. The best and brightest come to the US to get some of the huge spigots of money in the US healthcare system and it does drive innovation.
This is a highly recycled talking point that only applies to people lucky enough to live in the vicinity of Standford, UCLA, Mass Gen, Cleveland Clinic, or Johns Hopkins AND afford a visit and is extremely dismissive of the millions of other Americans who can't. Rural hospitals have been shuttered and some people have even been turned away at emergency rooms now. This claim simply does not match up to reality, no matter how many graphs you put together.
> the best care in the US is the best in the world
For a few Americans. Not for all Americans, and probably not even for most Americans. There's far more to the United States than New England and Southern California.
Don't get me wrong, if I had some rare cancer or other strange disease, chances are I'll want to try and get in to one of these few rare ultra premium hospitals. But if I break my leg or get some normal infection or have a child or any of the other normal kinds of issues people have? Will that still be the best tier of care?
> if I break my leg or get some normal infection or have a child or any of the other normal kinds of issues people have? Will that still be the best tier of care?
Does it need to be? I imagine it's far easier to treat a broken bone, in most cases, vs a rare complex disease
I'd have different standards when researching where to have teeth cleaning vs oral surgery
Can't you just look at life expectancy, and life expectancy in good health? Because the data I found doesn't put the US in the top anything. Even if you're in the top decile of earners.
Your mistake is separating those items from healthcare, when it's part of it.
Even in the US, many (most?) insurances and healthcare systems have programs to address all those. My HMO certainly does - I can engage with them and craft a healthy nutrition plan, and my doctor can be involved in that as well. Ditto for exercise.
So you're saying the US optimizes entirely for the best of the best care, without regard for what happens to the 2nd tier? (that the majority of the population actually use)
If care is not affordable and makes average people just one accident away from bankruptcy, then it might well not exist in calculations. This is akin to saying the USA is the richest country because it has more billionaires than any other country.
On an anecdotal basis, I relied on the Taiwanese National Health (NHI) for years and found it vastly superior in terms of quality and cost to the United States.
Perhaps a more accurate claim might be: The quality of the health care system in the U.S. is unparalleled provided that you are in the 1% that can afford it.
The only title that a founder can have that matters more than "founder" is a CEO.
He calls himself a CTO, and that's fine, but he's really just a technical cofounder, and that's what he's acting like (and it sounds like it's a very positive thing for the company).
The CTO title and the whole point of the article are not really relevant, this entire situation would not be possible if he weren't a co-founder.
I think it is a good lesson that founders shouldn't necessarily be pigeon holed into roles they don't want, but the CTO title really has nothing to do with it.
If your definition of “making money” is turning bitcoins into USD at bitcoins low point, and then paying that back to them in 2 years, alright.
You can have whatever opinion you want about the bankruptcy process, but FTX was most certainly insolvent, due to fraud, and at that point whatever happened after the recovery to make people as whole as possible (which for many was not even close) really shouldn’t get credited to SBF.
Call me crazy, but if my bank tells me that my deposits are in safe assets like treasuries, but then the CEO takes the money to Vegas and puts it all on red, even if the CEO wins that bet, I'm very ok with that CEO going to jail.
Of course, if the bank is upfront that they take customer deposits to Vegas, then its fine.
Or if they took my deposit and commingled it with company funds and bought some illiquid luxury real estate in the Bahamas for their staff to live in totalling $240m. If they’re upfront about that, probably nobody deposits with them.
Stage 21 was a great example of how tactics can beat a stronger rider. Pogacar was probably the strongest but Matteo burned up his energy chasing attacks in the final lap and then at the right moment WvA was ready to pounce and take the stage.
Sure it was great to see Wout win again - in Paris no less! And it does kind of validate the TVL strategy of “wear Pogi out with 3 super hard weeks of racing.”
Unfortunately for them it just wasn’t enough to make the difference in the GC.
That seems like a big one