So okay, here's a thread on the category of finite sets and a way in which it controls algebraic structure in symmetric monoidal categories. I think it's some really pretty stuff.


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Ok, it's time for a #FUNctionalAnalysis thread! Let's talk about Hilbert spaces. (I hope you like linear algebra, because that's what we're
If you want to impress people, you can just say a Hilbert space is just a complete infinite dimensional inner product space and leave it at that, but let's talk about what that actually means.
When you first learn about vectors, you talk about them as arrows in space; things with a magnitude and a direction. These are elements of R^n where n is the number of dimensions of the space you care about.
You also talk about the dot product (or inner product) as a way to tell when vectors are orthogonal. (I'm purposely saying "orthogonal" instead of "perpendicular" here, but when you actually think about arrows, it's the same thing.)
As my linear algebra students are about to see, R^n is far from the only interesting vector space. A classic example is the space of polynomials of dimension less than or equal to n
— syzygay (@syzygay1) August 9, 2020
If you want to impress people, you can just say a Hilbert space is just a complete infinite dimensional inner product space and leave it at that, but let's talk about what that actually means.
When you first learn about vectors, you talk about them as arrows in space; things with a magnitude and a direction. These are elements of R^n where n is the number of dimensions of the space you care about.

You also talk about the dot product (or inner product) as a way to tell when vectors are orthogonal. (I'm purposely saying "orthogonal" instead of "perpendicular" here, but when you actually think about arrows, it's the same thing.)

As my linear algebra students are about to see, R^n is far from the only interesting vector space. A classic example is the space of polynomials of dimension less than or equal to n

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So the cryptocurrency industry has basically two products, one which is relatively benign and doesn't have product market fit, and one which is malignant and does. The industry has a weird superposition of understanding this fact and (strategically?) not understanding it.
The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.
This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.
The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."
This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.
If everyone was holding bitcoin on the old x86 in their parents basement, we would be finding a price bottom. The problem is the risk is all pooled at a few brokerages and a network of rotten exchanges with counter party risk that makes AIG circa 2008 look like a good credit.
— Greg Wester (@gwestr) November 25, 2018
The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.
This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.
The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."
This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.