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D Quotes

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All D Quotes

“Defensive mechanisms can make two symmetric kinds of mistakes: they can fail to activate in the presence of a threat (false negatives) or become activated when no threat is present (false positives). Even when defenses are functional and optimally calibrated, errors cannot be completely avoided; given the tradeoffs between the costs of different types of errors, the smoke detector principle suggests that defensive systems should typically evolve to commit more false positives than false negatives.”

“Defi means Decentralized lending and borrowing among other things. Each node in this Defi network is the new meaning of a bank. That means that instead of there being just a few big banks, there will be a multitude of banks embedded in every aspect of society. Every type of business and every type of organization will have a bank and every type of business and every type of organization will offer financial services.”

“Deficit financing proper is rather the process whereby a Government spends more money that it withdraws from the economy by taxation, borrowing, running down reserves, etc.; thereby causing in most circumstances, and very acutely in ours, monetary inflation and severe pressure on the balance of payments.”