I’m someone who is not a python developer but has to use python tools and run other people’s python code. I have suffered through learning about anaconda, virtualenv, pip, and more. Uv is the first time there’s a tool that just runs the software without requiring me to become a python ecosystem expert
It would be pretty shocking for Amazon to break the S3 API at this point. There is a huge 3rd party ecosystem that would be affected. For example, in Rust land the object_store crate is at least as popular as the official SDK.
> Look, I am sorry. But if you go to Jump Trading and Jane Street and say “hello, I have an unregulated poorly designed mechanism that could lead to $50 billion of market value collapsing overnight, would you like to trade with me,” they are going to say yes, but their eyes are going to light up, you know? If at Time 0 you give them an extremely gameable system that can produce billions of dollars of profit, at Time 10 your system is going to be a smoking wreckage and they are going to have billions of dollars of profit. That’s their whole job, you know? I couldn’t tell you in advance what all the intermediate steps will be, and in fact in hindsight I cannot tell you what the intermediate steps actually were, how Jump and Jane Street made money off the collapse of Terra. But as a heuristic, I mean, come on. Terra was like “hello we have a balloon full of money, here is a pin, dooooooon’t pop the balloon.” Guess what!
That point was the crux of Matt Levine's argument: Terra and Luna were unregulated and easy-to-game securities. So you can't complain when the smartest people on Wall Street figured out how to pop the balloon in their favor -- (not ai emdash) particularly when it's their job.
I will quote the first few paragraphs leading up to it though:
>The basic story of Terra is:
>Terra was a big crypto project, led by a company called Terraform Labs and a guy named Do Kwon, which at its peak had a market value of about $50 billion.
>It had a token, the currency of its blockchain, called Luna, which at its peak traded at almost $120 per token.
It also had an algorithmic stablecoin, TerraUSD, whose mechanism was that it could always be redeemed for $1 worth of Luna.
>That’s a bad idea! The problem, which was extremely obvious and which everyone knew about, was that, if people lost confidence in Luna, there would be a death spiral: People would redeem TerraUSD for Luna and sell the Luna, which would drive down the price of Luna, which would lead to more redemptions, which would create even more Luna, until Luna was trading at a tiny fraction of a penny and every TerraUSD would be redeemed for millions of them.
>In May 2022 that very much happened. Terra collapsed, people lost a lot of money and Do Kwon got 15 years in prison for fraud.
>At its peak, though, Terra was a pretty big crypto project, and it had various dealings with some very smart and somewhat sharky trading firms like Jump Trading and Jane Street.
“Can’t complain” doesn’t make it legal. I had this argument a number of times with cryptobros at the time “if it’s on the chain it’s fair game” I heard quite often. Just, no. Just because some code allows you to get away with something doesn’t make it not illegal[1].
The thing is you or I don’t get to say what is or isn’t a market that is covered by market abuse laws. Regulators do, and while it’s true to say none of the relevant regulators had stepped up and conclusively shown these markets were under their jurisdiction, they had repeatedly said they were looking into them and given hints they felt they had jurisdiction. Heck, I was in a meeting with Kevin Warsh around 2014 or so[2] where he asked about bitcoin so it’s clear the fed was at least looking into crypto at that time long before they made public comment. ISTR talking to the cftc at the same time and they asked about it too.
So “unregulated” in this context doesn’t mean “not covered by regulation” it means “regulatory status extremely uncertain”. If you want to go in with a very aggressive strategy you’re taking some risk that regulators will post facto go after you because they do that a lot in conventional markets.
[1] Market abuse in this case, but it’s obviously the case in cybersecurity also.
[2] This isn’t some kind of weird boast btw, cbankers and regulators meet with people from industry all the time as part of their normal information-gathering process and he met with a group of us who were working with some bank on detecting things like market abuse. He had some sort of academic position at Stanford at the time iirc looking into various types of bank regulation, but he was still plugged into the fed governors because he had only just left that.
> I had this argument a number of times with cryptobros at the time “if it’s on the chain it’s fair game” I heard quite often. Just, no. Just because some code allows you to get away with something doesn’t make it not illegal[1]
But that is/was the cryptobros argument: Code is Law! And now instead of fixing the algos they're going right to suing each other just like TradFi with TradLaw.
I don't think this is meaningfully HTAP, it's gluing together two completely different databases under a single interface. As far as I can tell, it doesn't provide transactional or consistency guarantees different than what you'd get with something like Materialize.
This isn't new either, people have been building OLAP storage engines into MySQL/Postgres for years, e.g., pg_ducklake and timescale.
Genuinely curious in what situation would you actually want transactional consistency in the same session as you are doing analytical or vector retrieval style use cases?
I might make the argument that paying the tax of delivering what you're arguing for has so many significant downsides in the end you'd have something you wouldn't really want anyway
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Expressing your first amendment right to protest is not “almost anything.” Historically, courts have taken very dim view of government retaliation for first-amendment protected activities.
It's trivial for the state to punish you and nearly impossible to assert your own rights. It is a very hard legal battle to get those rights acknowledged and upheld by the courts.
They mean it’s costly - in time and money - so in practice random individuals who are abused by the government can’t defend their rights and simply have to accept losing them.
Plus even if the administration loses, why would they care? They aren’t going to jail for those losses.
In the same boat, I try it every few months but give up because the emacs mode still isn't good enough. It's been getting slowly, slowly better though.
I moved my startup’s marketing site and blog from NextJS to Astro, and I’m happy with it. It’s in that middle ground—focused on primarily static sites but with the ability to still write bits of backend logic as needed.
I found it hard to get next to reliably treat static content as actually static (and thus cacheable), and it felt like a huge bundle of complexity for such a simple use case.
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