bruce511

61 ms·

931.
by bruce511 2y ago
Yes, the formula for grid connectivity will need to change. In some places it already has. Grid electricity incurs two basic costs. Generation and Distribution. Traditionally electricity was charged purely on consumption (ie Generation). Th
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by bruce511 2y ago
Yes, the return on rooftop solar is way better than commercial solar. Firstly, is saving a cost (which you would pay with after-tax money.) So as a saving, not income, the return is tax free. Secondly homes buy electricity at retail rates (
933.
by bruce511 2y ago
I'm currently getting 16% return on capital invested, just with domestic savings. Thats an annualized return over all capital spent, including panels, equipment and labor. Thats more or less what I expected. So yes, your locality matte
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by bruce511 2y ago
I think the 20k number is something of a throw-away, and not really explained. For example, is that 20k gross revenue (check from utility) or net revenue (after deducting financing costs?) Is he getting free grid power at night as well? Is
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by bruce511 2y ago
I agree with all you are saying. None of which negates the point about nor buying cash. In the case you mention (where the company is bankrupt, it has (by definition) run out of cash. Certainly there's not enough cash lying around to m
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by bruce511 2y ago
Publishing in the sense or reviewing, editing, etc. Distribution is the easy part.
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by bruce511 2y ago
There are easily tens of thousands of researchers globally. If every one did a single paper per year, that would still be way more than journals could realistically publish. Since it is to some extent a numbers game, yes, academics (especia
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by bruce511 2y ago
To expand on this - because if the barrier to publishing is zero, then the "reputation" of the publisher is also zero. (Actually, we already have the "open publishing" you are suggesting - it's called Blogging or so
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by bruce511 2y ago
So what's happening there is that the sellers are turning a long-term asset into short-term cash. The buyer is doing one of two things; either borrowing against future profit (ie taking on debt, then using profits to service the debt -
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by bruce511 2y ago
It can be, but you pay extra for it. In other words if the company is worth n (with no cash on hand) then it's worth n+c with c cash on hand. Every transaction is different, but each one I've been involved in the cash part is simp
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by bruce511 2y ago
Customers will likely benefit in the short term as they can likely complete the year with Bench. Signing up those customers for another year might be.... challenging. I guess they have a couple months to win back some goodwill though.
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by bruce511 2y ago
Why would they want to? Since it can't afford to keep the lights on, and pay staff, and likely has debts, what possible upside would they be hoping for? There's this idea that companies would just be fine if it was owned by the wo
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by bruce511 2y ago
Firstly, it's worth understanding that building a software business today is hard. There's lots of competition, and most customers are already using something to help with their problem. What worked for me 25 years ago is not goin
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by bruce511 2y ago
There is so much wrong with this letter that it's hard to know where to start. Let's start with the idea that they've invested a lot (13 billion+) or that they're depending a lot (undisclosed). Maybe this is a lot for y
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by bruce511 2y ago
I feel like you (and others) are saying what I'm saying. I said; >> There is no technical moat, but that doesn't mean there isn't a moat. Meaning that just because the moat is not technical doesn't mean it doesn&
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by bruce511 2y ago
There is no technical moat, but that doesn't mean there isn't a moat. Amazon might be a good analogy here. I'm old enough to remember when Amazon absorbed billions of VC money, making losses year over year. Every day there wa
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by bruce511 2y ago
Should we extend test model to what university professors can teach? Should we extend that model to text books? If I learn about a topic from a book, can I never write a book of my own on that topic? Should we extend that model to the web?
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by bruce511 2y ago
>> With Stack Overflow, GitHub and others, there is a mutual understanding that contributing can benefit the contributor. I think lots of people contribute everywhere without getting any benefit at all. I don't doubt that some wh
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by bruce511 2y ago
I might suggest that exploiting the commons does not diminish the value or accessibility of the commons. Indeed, it spreads knowledge faster. Equally I'd suggest that the commons is not free. It has to be paid for by someone. Wikipedia
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by bruce511 2y ago
Let me thank you for your contribution. I have spent the last year in a new area (sql) and I've written a lot of questions to LLMs, which it gas been able to answer well enough for me to make speedy progress. I'm a big fan of Stac
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by bruce511 2y ago
Like all speculatory investments, which have little underlying value, the ride ends when the bubble bursts. Usually this happens when the money runs out - when it's no longer possible to find the next "greater fool". That mig
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by bruce511 2y ago
Ah, so you mean in the sense of a speculatory investment. I guess that happens when there are no longer fools willing to play. That could happen tomorrow, or in 10 years. It probably doesn't go to zero (it still has value other than sp
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by bruce511 2y ago
>> Again you describe what most politicians do. Trump's lying is not quantitatively nor qualitatively more severe than any other politician at that level, certainly not more than Biden or Kamala. I'd argue that it is much wo
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by bruce511 2y ago
>> Bitcoin isn't only a financial system for illegal transactions, I didn't mean to imply that it was. I don't think I said that, but I can see how it might be interpreted that way. Sure, it's a (terrible) financia
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by bruce511 2y ago
I think you need to define success and failure here. It has already failed at the goal of being a currency. It lacks the attributes of a good currency, and shows no sign of gaining them. It has already succeeded as a financial system for il
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by bruce511 2y ago
Yes all politicians lie. But Trump doesn't lie like that, he lies about everything all the time. He lies about things that are obviously untrue, right there in front of you. He's not a "liar" in the way most people are.
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by bruce511 2y ago
An interesting take. Seen from the viewpoint of the worker I can see why blaming management has appeal. Of course your argument leads to two conclusions; A) given how badly these companies are managed, and how it will be cheaper in the long
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by bruce511 2y ago
Trump lies all the time. So what he says and what he campaigns on are different things. He says he is pro-women (but acts the opposite) pro-US (but sources all his grift from China), says he wants to bring down prices (but plans on tarifs
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by bruce511 2y ago
I think it suks that your job got lost to a foreign worker. It's certainly no consolation that you are merely the latest casualty of globalization, along with your US manufacturing workers. I say that sincerely- losing your job suks. O
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by bruce511 2y ago
It turns out that work-remotely can be done by non-US based workers for a fraction of the cost of US workers. So those lobbying for work-from-home, well, this is the natural endpoint of that.

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