mhartl

It’s true that, due to its volatility, Bitcoin is currently not a good store of value, at least in the short term. There’s an underlying truth, though, which is that Bitcoin is a potential store of value. In particular, it has all the necessary qualities of a monetary good, among them durability, divisibility, portability, verifiability, and above all scarcity.

Buying Bitcoin right now involves speculating that others will also see this potential, which is why it’s accurate to describe it for the moment as a speculative asset. The reason buying Bitcoin is a smart bet is that its monetary properties are so good that it has the potential to store a significant percentage of the world’s savings. Once that happens, its volatility will be much lower, so it will be a good store of value. And of course its purchasing power in current U.S. dollars will be much, much higher, which is why it’s a good idea to buy some now.

I followed YC from the time it was just a glimmer in pg’s eye (http://www.paulgraham.com/start.html). By the time I went through YC myself, in the Winter 2008, I felt like I was already late to the game. Eventually I realized W08 was still early, early days. (For example, the weekly dinners were generally cooked by pg himself. Also, the benches would see-saw up if someone on the wrong side left their seat—I’m sure some of you fellow old-timers now recall that idiosyncrasy with a strange sense of fondness.)

Congratulations to Y Combinator on 17 amazing years. Here’s to many more years to come!

I’ve been following this project closely (oshams is a friend and I’m an investor in the company), and to echo Darmani’s comment both the product and the pace of development have been extremely impressive. Congrats on the launch!

This point is explicitly addressed in the post:

I haven’t tried everything on this list, mainly due to cost. But you’d be surprised how cheap most of the things on this list are (especially the free ones).

The Tau Manifesto shows how using tau = C/r makes the geometric meaning of Euler’s formula (and hence of Euler’s identity) even clearer. Disclaimer: I am the author of The Tau Manifesto.

https://tauday.com/tau-manifesto#sec-euler_s_identity

This is a free resource on custom domains from https://www.learnenough.com, written by me and Learn Enough cofounder Lee Donahoe.

Free downloadable ebook versions (PDF/EPUB/MOBI) are available at https://www.learnenough.com/custom-domains

For the latest tau updates, see this year’s State of the Tau newsletter:

https://tauday.com/state-of-the-tau

The article mentions Jean-Pierre Serre, with whom Grothendieck corresponded extensively, and Pierre Deligne, widely regarded as Grothendieck’s greatest student. While investigating Grothendieck recently (inspired by the interview linked in the parent comment), I came across this astonishing anecdote, relating a comment by Serre about Deligne [1]:

“Look, I can take on anyone in Math.” — don’t forget, this guy [Serre] is the youngest Fields medal winner ever, the first Abel prize laureate, etc. — “I can understand the reasoning of the greats, handle them new ideas, you name it.”

“Except for Deligne.” (WHAT ?)

“Deligne is totally out of my league. Above my head.”

“The difference between Deligne and me, is the same difference between me and an average good mathematician.”

I found this anecdote especially astonishing considering that at the time I had never even heard of Deligne. (And most people, of course, haven’t even heard of Grothendieck.)

[1]: https://www.quora.com/What-is-the-height-of-confidence/answe...

I recently enjoyed listening to this interview with someone who knew Grothendieck. It takes a while to get going, but some of the stories are quite gripping.

https://youtu.be/L--9bJApz_A

My read is that the parent commenter isn’t saying that Google is a failure, but rather that the “Alphabet” branding was a failure.

The article appears to be confusingly written, making reference to a time “before” the Big Bang:

Just before the Big Bang launched the universe onto its ever-expanding course, physicists believe, there was another, more explosive phase of the early universe at play: cosmic inflation, which lasted less than a trillionth of a second.

But cosmic inflation was part of the Big Bang, not something that happened “before” it. According to the current understanding, the Big Bang included the beginning of time itself—in more technical terms, the Universe has no boundary in time (or space)—so asking what happened “before” the Big Bang is akin to asking what’s north of the North Pole.

This is the newly updated 6th edition of the Ruby on Rails Tutorial, now updated for Rails 6.

Over the years, HN readers have been some of the most enthusiastic and loyal supporters of the Ruby on Rails Tutorial. Thanks—I appreciate it!

You’re very welcome! I’m always so happy to hear success stories like this.

Great, glad to hear it!

Congrats to the Rails team! With this new major release, I’m planning to update the Ruby on Rails Tutorial accordingly. See here for details:

https://news.learnenough.com/ruby-on-rails-6

You can join the Learn Enough/Rails Tutorial email list to receive a notification when it’s ready:

https://news.learnenough.com/email-list/

No worries! Great to hear your perspective.

We realized the same thing—the Rails Tutorial is a little too advanced for complete beginners, so we created seven more beginner tutorials that work step by step to teach the prerequisites for full-stack web development. More info on the courses is available here: https://www.learnenough.com