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As a Gen-Z also recently graduated (less than 5 years), I can assure you, the fact these platforms are so big is because being graduated isn't worth anything th
by traveler01 5y ago
As a Gen-Z also recently graduated (less than 5 years), I can assure you, the fact these platforms are so big is because being graduated isn't worth anything these days. You are lucky or you are not.
- CabSauce 5y agoGetting a degree in a field that has jobs helps too.
- whymauri 5y agoIt helps, but for many it was/is not enough. Trust me, the job search was brutal even as a computer science graduate from MIT. I had an offer and it was revoked (and companies that I had offers from pre-pandemic would not engage anymore). I'm almost certain that I have classmates who had OF at one point during the last year and I know for certain from Twitter there's Ivy League, Cal, and Stanford students on there. Especially at the beginning of the pandemic when nobody knew how long it might last and the stock market was free diving to what was seemingly oblivion. I guess my point is that in mid 2020, it felt like there were no degrees that had plentiful jobs short of being: 1. A close-to-graduating worker in health or medicine. 2. A finance-compatible major from a Top 15 school with exceptional math, statistics, and inference ability. Likely, previous internships. And there really weren't that many of these. Jobs at software companies that were typically not competitive were getting flooded by top grads and early career applicants w/ 1-3 years of experience who had offers revoked or got laid off. I fought tooth and nail for the offers I got, and the company I joined ended up being terrible -- so go figure. Now consider that there are like, 500k students *not from top schools* graduating in STEM that same year. Suddenly the 'study something useful' mantra fell apart in the matter of months (weeks?).
- brianwawok 5y agoWhat is unemployment among software devs? It's real real low. As someone who hires devs, I could easily hire 2-3 devs right now. However I live in a tier3 city, and don't want to do the remote dev thing right now. If I post a remote job I get 5,000 candidates, if I post a local job I get 0-3. As a new grad, I bet winning a remote job would be hard. But pick a city, any city. Always looking for devs. If still not landing jobs, its a matter of interview skills and non-school resume experience.
- quantumBerry 5y agoYeah MIT CS grad on OF means 1) Bottom 5% tier grad who has less than zero social skills, thus would also be a low earner on OF 2) Extremely picky about jobs. Instead chose OF for lifestyle/earning reasons. 3) Serious health, legal, psychological, or family problems that would prevent them from any job and probably also would have made attaining their degree very difficult. This is MIT OnlyFans person I feel the saddest for. 4) Some other 1/1000 possibility The idea MIT grads are on OF in mass just to make enough to eat and put a roof over their heads is some serious sympathy farming.
- throwaway2037 5y agoHey "quantumBerry" -- What a username to behold! While I find this post witty and well-written ("some serious sympathy farming"!), I don't follow where the parent post was suggesting anything about MIT CS grads on OnlyFans. Do I misunderstand? (Zero trolling.)
- fsn4dN69ey 5y agoThe parent comment two levels above mentioned fellow MIT CS classmates having OF.
- whymauri 5y agoYeah, all I was saying is that statistically, it's likely that I overlapped with an undergrad(s) at MIT who has/have an OF. And that I know for certain from Twitter that there are undergrads from similar schools who have OF. I never prequalified it specifically with 'CS' -- by the way, a lot of the discussion in the thread has tunnel-visioned on CS, but I'm pretty sure that's not the only STEM degree HN would consider 'useful' (if we loop back to the comment I replied to). There's physics, math, engineering, and much, much more -- and all of those had an even worse job market than CS with the exclusion of those jumping into quantitative finance. The point of the original comment is to highlight how you can do everything 'right' according to the poster and, by necessity or tragedy resulting from a global pandemic, may still end up relying on sex work to make ends meet for a period of time. The circumstances of the pandemic are only further exacerbated for the hundreds of thousands of STEM graduates not coming from top schools or internships. Finally, I'd like to note that my original comment (way up in the chain) was neither about STEM nor top schools, so I hold that my observation there still holds weight. TL;DR: the concept that Gen-Z job hunters can simply go to 'the good school' and get 'the good degree' for 'the good job' is entirely subverted in a pandemic, leading to an especially dire job situation for those who are less privileged in education or training. This, coupled with social distancing, was the perfect social context for OnlyFan's recent hypergrowth.
- robertlagrant 5y agoMaybe in the US? The UK market for tech is insanely hot. But perhaps it was previously underpriced.
- adventured 5y agoNo. Tech employment in the US remains hot as well. Unemployment for people in the tech industry with a degree is about 1-2%. For a software developer with a degree, it's sub 1%.
- platz 5y agoWell when you apply at GAFAM you're competing against a very specific talent pool, and it's a buyers market. Maybe try applying at a smaller company?
- city41 5y agoWhen I graduated with my CS degree in 2002 the job search was brutal. I hang out in cscareerquestions on Reddit and a common theme seems to be getting that first junior dev job is really hard. Is this just an unfair reality all junior devs face?
- powerslacker 5y agoGetting that first job is almost always the hardest. I went through nearly 100 interviews (I have no degree) before I got hired. I wouldn't call it unfair though. I've been on the other side of the interview table since then and I can tell you that the vast majority of applicants to a junior role are so far from employable that its barely worth it to hire a junior. No one wants to wait years for an employee to become productive. The fact is that most schools are not preparing graduates to work in the industry. I know several CS graduates who were almost totally unfamiliar with SQL databases. Considering that the vast majority of SE work these days is on the web, it is shocking that there isn't more focus on fundamental web technology.
- ratww 5y agoIt definitely seems so. Whenever I post an internship or junior position on Indeed or LinkedIn I get hundreds of resumes. Whenever I need someone more experienced, it’s either hired by recommendation, or we need a headhunter. Salary is never the issue, it’s just that senior devs complain about getting swamped with offers, so they don’t even have to look anymore. It’s almost like a game theory problem: people have to apply to hundreds of companies to have a shot because everyone is also doing the same. That, and some companies seem to be shifting towards preferring having a low number of experienced developers rather than a larger number of entry-level: I know of a few companies that paused junior and mid-level hirings after getting big investments.
- throwaway2037 5y agoJoel Spolsky has written about this problem extensively. The best devs are not available and are not looking. I have seen many, many LinkedIn profiles for people who are insanely technical (much more than me) who literally write: "Headhunters: Go away!" LOL.
- TedDoesntTalk 5y ago> I have classmates who had OF What is OF?
- dkarl 5y agoI think this is a sign of companies not knowing how to get useful work out of junior developers with only a few years of experience, much less fresh college graduates. This is an extremely challenging problem at small scales, and one that most companies simply aren't up to. In my experience, listening to engineering management discuss these matters, the few people who entertain the idea of hiring junior developers do so for fairly abstract reasons: a sense of moral obligation, a sense of contributing to the health of the industry, a desire to challenge the software engineering team to mature in its practices, etc. I'm sure there are companies out there that know how to employ a junior developer at the going rate and actually get their money's worth, but it isn't common knowledge, and I haven't seen anybody succeed at it firsthand. If my experience is typical, we're just overall shitty as an industry at using young talent. That creates a problem of incentives, where purely self-serving organizations will let other companies bear the expense of employing junior developers and helping them learn the ropes, and then hire them when they're worth it. As an aside, professional soccer solves this by granting a team certain rights to the players it develops, so if a player is trained in Team A's youth academy, and Team B wants to sign them at age 18, Team B pays a fee to Team A. Team A may agree to reduce the fee in exchange for a share of any subsequent sale, so if the player develops into a top professional and is sold to Team C at age 22, both Team A and Team B benefit financially.
- shagie 5y ago> That creates a problem of incentives, where purely self-serving organizations will let other companies bear the expense of employing junior developers and helping them learn the ropes, and then hire them when they're worth it. With juniors being able to be easily enticed away with a bump in salary at a well known company it becomes the situation that the only companies that can afford to hire juniors are those that pay enough to make it so that they aren't enticed away as easily. This then leads to other companies not interested in hiring juniors - not because they don't want them or that they aren't willing to train them, but rather that they can't compete with the big tech company compensation. The result of that is then that you see only job postings for mid and seniors... not so much because they will hit the ground with less training, but that they're likely more mature and less likely to be poached (they're stereotypically interested in settling down and raising a family). Ultimately, if everyone and every organization is similarly self interested, there is no reason to hire a junior dev unless you can pay them top dollar to avoid the possibility of them getting poached by another org before they've been able to produce a positive return on investment... or that the overall income of the org is large enough that the loss in the ROI isn't substantial.
- 6gvONxR4sf7o 5y agoIt sounds like you’re talking about the very beginning of the pandemic when everyone was just trying to figure out what the hell was happening. That seems entirely separate from the topic of the value of a degree these days. I had a similar situation finishing school as the last recession hit, but that wasn’t so sudden. Someone else is talking about it being brutal graduating in 2002. The common theme here seems to be graduating right after crashes or right after pandemics hit sucks.
- clipradiowallet 5y agoI wanted to add to your list of degrees of plentiful jobs.. but electrical engineering grads have no shortage of people competing to hire them. If you include associate degrees, you can add all the skilled trades to that list. To be clear, I'm talking about all the associate applied science w/[electricial|plumbing|pipefitting|welding] programs out there.
- borski 5y agoAs an MIT alum - if you had an offer rescinded please let the careers office know. Companies are not allowed to do that if engaging with MIT students in a meaningful way (career fairs, etc.) and MIT can and does penalize them for this (banning from fairs, etc.)
- throwaway2037 5y agoI am not MIT, but rather shabby mid-tier state uni, and my experience was nearly identical when job hunting in 2002/3 after graduation. With some distance, the hardest part emotionally, is that one or two years when you are only 22 years old is a LONG time to find a job!
- thebooktocome 5y agoThere are about three fields like that now. The median bachelor's degree in math or physics obtained in 2021 is basically worthless.
- lotsofpulp 5y agoA bachelors in math or physics from a decent school should indicate that you have the capacity to learn difficult concepts, work with data, and you should have some experience with programming.
- thebooktocome 5y agoSorry, but that doesn't translate into employability in 2021. I have mentored math and physics students for six years now and even the good ones are having an increasingly hard time finding employment, and not for lack of trying. It's not uncommon to hear of seniors sending, say, 100 applications only to get ghosted on 99 of them.
- actually_a_dog 5y agoTry convincing the median HR drone of that.
- quaffapint 5y agoI would agree with this. A large portion of tech people I work with are not CS grads. I myself have a math degree. You do need to show that you can program and know your stuff, but you can still do that with personal/side projects/etc. Once you get your first job, then you're good to go and most won't care about your degree. I think now it's more a challenge of getting junior level jobs across the board.
- pjbeam 5y agoSame here, math undergrad; not terribly difficult to start my career with and is now an advantage I think, albeit a small one.
- the_only_law 5y ago
- gunfighthacksaw 5y agoDoesn’t help when you don’t have the foot in the door because your family is not traditionally professional. I had to ask one of my old graduate project partners for a referral to my current (and first, at 27) tech job and I still feel dirty and guilty that I got it so easily and managed to escape the trap of being extremely qualified while making min wage in a dusty shithole of a warehouse. “It’s not what you know, it’s who you know” was a phrase of derision growing up, but it’s how the world works now.
- GavinMcG 5y agoIt's how the world has always worked, which is why it's a phrase in the first place.
- gunfighthacksaw 5y agoIt’s fucked up is what it is. Right now my coworkers like me, my manager gave me a glowing review, the company is willing to buy me certs and I have been assigned to the subteam responsible for our core functionality. 8 months ago I was self-harming and ready to off myself because of endlessly firing applications into the void and reaching the end of my finances. I can clearly perform under the stress of work, school, achievement, things breaking but the way the labour market is structured almost broke me which has to tell you something.
- ethbr0 5y agoAs parent was telling you, that's always been America. Except historically, most jobs have been less safe. You get crap jobs in your teens to have work history. You go to college to get a degree. You make friends at college, network, and maybe get an internship. You leverage all of the previous to get your first job. You leverage your first job and network to get your second job. It's not easy. But it is how the world works. Why do you think so many people in white collar jobs have imposter syndrome?
- danans 5y ago> 8 months ago I was self-harming and ready to off myself because of endlessly firing applications into the void and reaching the end of my finances I am sorry you experienced this. Many of us have experienced similar things in our careers. When I did, I had my brother's couch I could crash on while I figured things out, and to be honest, parents who could help me with rent when my post dotcom-bust job paid peanuts. To the extent that your difficulties were exacerbated by an insufficient social safety net is perhaps the greatest indictment of our society. Incentive structures matter, and structures that put people at the brink between achievement and self harm do a lot of damage to our human capital. Not everyone will be pushed to the point of self-harm, but the proximity between destitution and achievement is too close, especially for those without family and community safety nets.
- NoOneNew 5y agoAbsolutely, and that has always been the case, even in vocations. There was a time where being a tv or vacuum repairman was a pretty good, middle class-ish job. Then the times came where that's not really the case. Picking a career path does have a little bit of luck in it, but that's like thinking it's lucky to not hit a door when going through a doorway. If you stop, think and open the door, you're less likely to get hit by a door, even though that doesn't guarantee it. And yes, this is coming from a guy who has been smacked in the face by someone else opening the door on me. Same with picking a poor career choice pre housing crash in 2008. Adapt and overcome.
- actually_a_dog 5y agoThat's basically shooting at a moving target, though.
- elliekelly 5y agoThe problem with college is the cost, not the degrees people choose to pursue. And blaming students for studying things that aren’t in demand is a straw man. A lot can change in the four years between enrollment and graduation. For example, I went to college in 2006 when the finance sector was booming. I graduated in 2010 when it very much wasn’t. By the time the jobs had evaporated it was much too late to change my course of study. And I certainly couldn’t go back and renegotiate the tuition or interest rate on my loans. I’m sure the same could be said about people who went to school for anything relating to tourism or hospitality who have graduated into the pandemic. If you’re a new chef, pilot, hair dresser, massage therapist, looking to work in hotel management, etc. the job market that existed when you began your studies is entirely different from the job market you’ve just graduated into.
- Kye 5y agoI finished a network admin degree just as all the entry-level jobs were being sucked up by SaaS and a few IT firms that weren't hiring. At least the state scholarship paid for most of it, so I had no debt.
- adriand 5y agoAnd the same can happen in tech! When I started college in the late 90s in software engineering, the market was booming. A year before I graduated the dot-com crash took place and the jobs evaporated. That was the catalyst for pursuing an entrepreneurial path (I had no choice) but in spite of things working out, I always try to be thankful for my good fortune and remember that it can change in an instant.
- stackbutterflow 5y agoCan you expand on the entrepreneurial path you took?
- Guthur 5y agoIf you are going to uni to do vocational training such as hairdressing, massage and being a chef then something is really screwed.
- hardwaregeek 5y agoWhich field "has jobs" anymore? Putting aside the humanities, STEM degrees these days aren't even a guarantee of a job. Biology/chemistry jobs generally require graduate school or medical school, engineering jobs aren't as lucrative or stable as they once were, and math either implies becoming an actuary (i.e. more certification), a quant (insanely competitive) or a programmer. I'm not saying these routes are impossible, but it's harder than you'd think to pick a field that "has jobs". More than a few of my friends who did STEM degrees have ended up in tech for that reason.
- treesknees 5y agoThat's not exactly true. It's not that an undergraduate degree is worthless, but it's become pretty standard. You may not stand above the rest with just a degree, but you certainly fall below the rest without one. I don't mean this from an intelligence or skill perspective, some of the smartest people I know don't have college degrees. But when the big companies are recruiting from college career fairs or listing it as a job requirement, you can and will be passed over for jobs because you don't have one.
- gambiting 5y agoI have a friend who worked for 5 years at a big consultancy company and he got stonewalled for getting promoted to a team lead role because he didn't have a masters degree. Like, he was getting top marks every year at performance review, clearly knew how to do the job, but some internal policy somewhere said that you can't be a lead without a masters degree, sorry. He did manage to arrange with them that they would pay for him to take a 1-year old masters in CS in his own spare time, and if he passes he would be promoted - and he was. Still, I'd say it was an absolute waste of time and he ended up switching companies a year later anyway.
- gamesbrainiac 5y agoThat might me the case at larger consultancies. Also, some jobs even require a PhD, because it is super specialized. But overall, the ROI of degrees have plummeted. A friend of mine finished a Mechanical Engineering degree and couldn't find decent paying work for 2 years. He then moved onto website design.
- nradov 5y agoYour friend may have struggled but overall Mechanical Engineering is one of the top 10 highest salary college majors. Most graduates are doing pretty well. https://cew.georgetown.edu/cew-reports/valueofcollegemajors/ https://cew.georgetown.edu/cew-reports/valueofcollegemajors/
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- rayiner 5y agoBoomer elites have driven our young people into penury, desperation, and sex work. Great.
- toomuchtodo 5y agoWell, not just elites. This is the policy everyone voted for: less taxes (causing young folks to go heavily into debt for worthless degree credentials), less social safety nets, a generational wealth transfer from the young to the old. The results are exactly what you’d expect, and older generations should absolutely be worried when their cohort has shrunk through death to a minority voting bloc.
- Retric 5y agoI don’t think taxes on regular people have dropped, we simply pretend social Security, Medicare, State and local, + fees don’t count as taxes. Which means we can “lower” federal taxes by providing less federal support to state projects.
- toomuchtodo 5y agoLook at the historical level of public college education funding and correlate to student loan debt. https://www.cbpp.org/research/state-budget-and-tax/state-higher-education-funding-cuts-have-pushed-costs-to-students https://www.cbpp.org/research/state-budget-and-tax/state-hig... > Deep state cuts in funding for higher education over the last decade have contributed to rapid, significant tuition increases and pushed more of the costs of college to students, making it harder for them to enroll and graduate. These cuts also have worsened racial and class inequality, since rising tuition can deter low-income students and students of color from college. > Overall state funding for public two- and four-year colleges in the school year ending in 2018 was more than $6.6 billion below what it was in 2008 just before the Great Recession fully took hold, after adjusting for inflation.[1] In the most difficult years after the recession, colleges responded to significant funding cuts by increasing tuition, reducing faculty, limiting course offerings, and in some cases closing campuses. Funding has rebounded somewhat, but costs remain high and services in some places have not returned. https://www.cnbc.com/2020/06/12/how-student-debt-became-a-1point6-trillion-crisis.html https://www.cnbc.com/2020/06/12/how-student-debt-became-a-1p... (How student debt became a $1.6 trillion crisis) > Then, during the Reagan Era and the Tax Revolt of the 1980s, states passed tax and expenditure limitations, restrictions that state governments create to limit the amount they can tax or spend. > “And that meant that state budgets came under threat,” explains Deming. “And so states that used to basically highly subsidize a college education for many people started to cut back in various ways, either by raising tuition or by spending less.” > Reagan cut higher education funding and student aid, and college costs boomed as a result. > The College Board estimates that during the 1980-1981 school year, on average, it cost students the modern equivalent of $17,410 to attend a private college and $7,900 to attend a public college — including tuition, fees, room and board. By 1990, those costs increased to $26,050 and $9,800, respectively.
- cpach 5y agoThat’s troubling. I don’t know where you live but at least in my locale many employers seem hesitant to hire newly-grads, even if they need to increase staff. Many companies seem to expect some other company to take care of the training. A degree is nice but until someone has gained experience that person first needs a company to take a chance on them.
- after_care 5y agoWhen I graduated (5-10 years ago) internships were the best way to grain experience and stand out a bit above the rest in the full time hiring portion. 1. The company that hired the interns received a fantastic deal on labor. I think the company that hired me did it because they had an extra fully equipped desk that was going to waste without someone coding on it. 2. Not every student earned an internship, so gaining one was real feather in the hat. 3. Not every intern would have accomplished the same amount. Just like school and life, the more you put into an internship the more you get out. 4. It jump started my professional network of people actually in industry.
- Kye 5y agoThe hard part is finding one that's paid, or pays enough. Most people can't afford to do un(der)paid labor for the prospect of maybe, possibly, but maybe not getting a job. Being able to do unpaid labor selects for people with other things working in their favor.
- sgerenser 5y agoAlmost all tech internships are paid (for people with CS or engineering majors). Only really shady companies would try to get away with not paying a technical intern. In most cases these folks are doing real work, not just fetching coffee.
- Kadin 5y agoMost tech internships are paid. Someone in a CS program at a recognizable school with a strong program should definitely not be signing up for unpaid internships (at least not at for-profit corps). I just finished supervising the summer interns embedded with my team at work, and we definitely paid everyone, allowed remote work, and brought everyone into the HQ for a week towards the end (flights, hotel, transpo, meals all comped) to give presentations, network in person with the team, do field trips / team building stuff, etc. I like to think we do a better-than-average job, but it's pretty close to what you need to be doing if you want to attract good talent to your internship program.
- mathgenius 5y ago> being graduated isn't worth anything these days I'm gen-X and it's been like this for as long as i've been around too. Degree says "this one is reliable / knows how to finish stuff". That's it.
- CPLX 5y agoI'm Gen X too and I don't think that's really accurate. I feel like the job market has changed pretty markedly since I was a grad in the late 90's, and that it's just way more all or nothing. You either can get a job with benefits and a career track and 4 years later you're better off, or you're literally going nowhere, every year of your job is the same as the year prior and you have nothing to show. There's no more thing where you get a real, genuine, full time, but low-skill entry level job and try to prove yourself. You can't prove yourself in low-skill jobs any more, nobody is watching and nobody cares. In short "you can't get there from here." I'm speaking entirely anecdotally for sure, but with that said it really does seem fundamentally not the same at all as what I faced as a new grad.
- ryandrake 5y agoYea, and once you get on a track, you're pretty much there for good. There's a narrow range of "promotions" within that track, but no jumping tracks anymore. If you're flipping burgers at McDonalds, you can't just "hard-work" your way to owning that store. If you're 3rd junior engineer from the left at your tech company, you can hard-work your way up to senior, maybe even principal engineer, but you will statistically never be able to hard-work your way to CEO. If you're a nurse, you're never going to hard-work your way to being a doctor. And so on. The higher-status jobs are all gate-kept by social class pedigree and credentialism.
- throwaway2037 5y agoI partially agree with your sentiment. But isn't this one of the most commercially relevant skills to demonstrate to a potential employer? In finance, it is "tradition" for people _without_ certifications to dump on those with certifications, such as CFA & CPA, but most of these haters miss the point. It is really hard to motivate yourself to finish. Once you have the cert, it is a good indicator that the person can get things done! Interestingly, when I interview fresh grads, if they have anything that demonstrates tenacity, like sports or playing musical instruments ... or something that takes time and skill to accomplish, I am always curious to hear about their experiences of personal growth.
- throwawayswede 5y agoNot to be that guy, but a very small percentage of people might get lucky to get an opportunity at something, not to keep it. Time and time again I've found that what people refer to as luck (aside from inheritance or lottery) is sheer hard work and discipline.
- pdpi 5y agoSome important steps in my career were basically down to sheer dumb luck. I will happily claim responsibility for putting myself in a position where lightning could strike, and was prepared to take advantage of the lightning strike, but it actually striking was, again, sheer dumb luck.
- throwawayswede 5y agoAgain, dumb luck might have given you the opportunity, but dumb luck didn’t keep that thing going, you either consciously cheat or you’re working hard to keep the thing that dumb luck gave you the opportunity for. The point is we all get dumb luck opportunities, not all keep them though
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- MisterBastahrd 5y agoAs someone who has life experience, I can assure you that your lamentations are not special. "It's not what you know, but who you know" isn't a saying that originated in the 2010s.
- sgregnt 5y agoCan you please share what have you studied in your undergraduate? Or roughly what area? My experience is very different, to me it looks like the market is very hot now even after covid (talking about: Busness analysis and Engineering)
- KoftaBob 5y agoI mean luck is always a factor, but let's be real, the major/career path someone chooses to study in college is a much bigger determinant of your prospects after graduation. I still can't understand how people can willingly choose any number of majors/careers that are very well known to have a weak job market and salary range, and then act surprised when it's tough after graduating.
- throwaway2037 5y agoThe last half you wrote is so real and devastating to many. And few get the advice they need at 17 or 18 years old to make a more commercially relevant decision! If you are from an upper-middle class (and above) family, no worries -- anything will do. For all others, choose wisely.
- secondaryacct 5y agoCome on, there was never an era when "graduation" was worth anything. I graduated a small university in Normandy, France and work in an investment bank in Hong Kong. You think they care I graduated at all? :D Be intelligent, know things, be creative and always end a job interview with the guys telling you you interviewed them. Graduating is worth nothing. Whatever you learned while at university is worth a lot to get a free internship. Whatever you learned during the internship is worth a bit. Always been so, always will be.
- dang 5y agoWe detached this subthread from https://news.ycombinator.com/item?id=28301239 https://news.ycombinator.com/item?id=28301239.