Suncho

21 ms·

121.
by Suncho 9y ago
Interest rates have been stuck to the floor because fiscal authorities are afraid of deficits. Permanent structural deficit spending would allow central banks to raise interest rates. Central banks have a mandate to keep prices stable. In
122.
by Suncho 9y ago
Jevons Paradox in action: The more efficiently a resource is used , in this case labor, the higher the demand for it will be. The thing about labor is that it's not just any old resource. It's a resource whose price determines
123.
by Suncho 9y ago
Depending on our economic policies, there are a few different ways automation's impact on labor can express itself. The key thing that automation does is that it substitutes for labor thereby making labor less valuable. If labor is le
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Ask HN: What Happened to the Startup School MOOC?
82 points by Suncho 9y ago|8 comments
125.
by Suncho 9y ago
Then std::atoi() would be making the assumption that you want to handle the error as soon as the function call returns. Furthermore, if you don't check the "success" flag, then your function would fail silently. The exceptio
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by Suncho 9y ago
> Well then the C++ standard people are doing it wrong, because something as expected-to-fail as converting a string to a number throws an exception. I wouldn't say that they are doing it wrong. They throw an exception because they
127.
by Suncho 9y ago
Sorry. I said "any code," when I meant "every piece of code." Edited. C++ programs normally throw an exception when a C program would call exit() or abort(). So I would start by having one try block that surrounds your
128.
by Suncho 9y ago
The whole point of C++ exceptions is that they decouple the code that might raise exceptions from the code that handles them. If you know how to handle an error when it arises, then you shouldn't be using exceptions. If you're wr
129.
by Suncho 9y ago
> Why won't people want to own cars? What if people want to drive for the fun of it, or do not care to use self-driving cars? Some people will undoubtedly want to pay extra to drive their own car for fun. I imagine that having a d
130.
by Suncho 9y ago
That's a good point. I agree with you that, in the short term, there's going to be use for solutions to the parking problem. But how big can it really get? It's not just self-driving tech. It's the ride-hailing paradi
131.
by Suncho 9y ago
I like the philosophy of going out into the future and bringing it back into the present. I feel like a lot of startups are making an error in failing to do this. For example, in the not-to-distant future, we won't need parking spaces
132.
by Suncho 9y ago
Does anyone know if the invitation includes founders who were rejected for the Startup School founders track?
133.
by Suncho 9y ago
> These opportunities are likely to cause an outflow from passive into active if that is where the money is. Sure. But it's unclear where the equilibrium is between the volume of passive investing and the volume active investing (o
134.
by Suncho 10y ago
I think you may be confusing Fed Funds with Interest on Reserves. Fed Funds are unsecured overnight loans between banks. In the aftermath of 2008, banks have a lot of reserves and trading volume in the Fed Funds market has decreased signif
135.
by Suncho 10y ago
I'd be curious to know what are some of the other metrics that people are using besides revenue and active users.
136.
by Suncho 10y ago
Thanks. I asked a question in your Q&A section. I am very curious about how this MOOC is being run.
137.
by Suncho 10y ago
Don't let basic income advocates evade the question of who pays for their utopian scheme. We absolutely shouldn't let them evade that question. So I'll go ahead and not evade it for you. No matter how you arrange your bas
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by Suncho 10y ago
The main way banks make money is by lending money, which also creates matching bank deposits. Yes. But this only works if the banking system, on average, holds onto the deposits it creates. This way of doing things would break down if e
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by Suncho 10y ago
Digital currency calls into question the role of traditional commercial banking. If you don't need to store your money in a bank anymore then what service do banks provide to their depositors? I've been imagining for a while now
140.
by Suncho 10y ago
I disagree. I feel that the first country to have basic income + open boarders will "win." People will move there. The human mind is very powerful. On average, countries with more humans are more powerful.
141.
by Suncho 10y ago
Hi guys. Alex from Gresham Dollar (now Greshm Dollar) here. It was a pleasure to share my project with all of you. Great questions and lively discussion from the HN community. Thanks to all of you who participated. Thanks to HN and YC f
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by Suncho 10y ago
Wow. Thank you for the encouragement. the only problem I see is how YC will make any money from you other than investing in future dollars (which anyone else can do). Perhaps I need to read your thread again to see if that was answered.
143.
by Suncho 10y ago
Hi, I'm Alex from Gresham Dollar (Now Greshm Dollar). I am pretty much the opposite of what you would want in a founder. My background is very shaky and I don't have a college degree. I barely graduated high school. I used to
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by Suncho 10y ago
Who would accept it (at par value) under such circumstances? Right. So, during the initial phase, all GD will be guaranteed to convert to USD when it expires because we'll literally have enough USD in our reserves. During this firs
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by Suncho 10y ago
Gresham Dollar: Interesting idea, lacks users validation and idea doesn’t seem to have been fully thought through. Underestimates adoption difficulty of online currencies. Pass. If I could go back and rewrite that description, I would. T
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by Suncho 10y ago
Gresham Dollar - it’s a social experiment, not a startup. Care to elaborate? It isn't designed to be a social experiment. It's designed to work even if people don't believe in it.
147.
by Suncho 10y ago
Supplanting the USD - the world's premier reserve currency - with a private currency is just not going to happen. The plan isn't just to supplant the USD, but to cannibalize it from within. Any currency in which no basic income
148.
by Suncho 10y ago
In a normal "bank run", the people are afraid that if they don't exchange the bad currency now at a discount, they will get a worse exchange later. But in this case there is a guaranty that waiting only 30 days they will be
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by Suncho 10y ago
Edit: Fair enough. My competition does have an army and a navy. But I still think we can do it. Unless they start providing a basic income in their own currency, I'm confident that my currency will disrupt theirs. The two I voted fo
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by Suncho 10y ago
The obvious outcome is that issuing a g-buck is going to immediately result in depleting USD reserves by a dollar as soon as the g-buck is spent. It's kind of the opposite of that. Every time a GD is spent, it protects our USD reser

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