dcolkitt

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301.
by dcolkitt 5y ago
Maybe it’s just language in general. If I’m in a tribe with 100 people, and we all know to talk, not everyone needs to remember every single thing you might ever need. If you forget something, you can ask around, and probably someone rememb
302.
by dcolkitt 5y ago
Much of the effects of any intoxicant are culturally constructed. Alcohol is widely known for causing aggression, but this effect doesn’t seem to exist in cultures without that association. Nor does it exist in double-blind studies, yet the
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by dcolkitt 5y ago
Except there’s a 40% estate tax still levied at each generation. Plus unlike European aristocracy, American plutocrats rarely intermarry. Even if you’re only reproducing at replacement, your wealth gets diluted by 50% each generation. Stack
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by dcolkitt 5y ago
Decades of economic research has consistently confirmed that large corporations have substantially higher productivity and efficiency.
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by dcolkitt 5y ago
Being a CEO is one of the highest impact careers in terms of lowering life expectancy. Most high paid careers are extremely stressful and come with more serious health impact than the average worker. https://www.businessinsider.c
306.
by dcolkitt 5y ago
Decades of twin studies have consistently shown that family environment (which by definition includes the zip code you’re raised in) has nearly zero causal impact on adult outcomes in America. Yes, it’s true that kids from well to do areas
307.
by dcolkitt 5y ago
I’m virtually certain that if you compare hours worked among households worth $20 million and households worth $1.2 million (controlling for retirement age), the former is significantly higher. In theory ultra high wealth buys the luxury of
308.
by dcolkitt 5y ago
Most of those people in the Bay Area are not forced to live in the Bay Area. Most have fairly portable professional skills that they could bring to a lower cost area. They might take a pay cut, but they’d still certainly be among the highes
309.
by dcolkitt 5y ago
We don’t even need to eliminate residency. Just eliminate the requirement that the residency must be in the US. There’s a mountain of highly qualified Turkish, Russian, Korean, and Mexican doctors who are ready and willing to practice in th
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by dcolkitt 5y ago
People will pay millions for an original Monet. Why? Digital image reproduction is perfect and the image is in public domain. The answer is you’re buying status and provenance. The original Monet holds special value because of arbitrary cul
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by dcolkitt 5y ago
When Sequoia expands their AUM they make more money because they have more assets to collect fees on. This mechanism expands their AUM every time they tender shares. Sure common stock has a discount to preferred stock, but it's not an
312.
by dcolkitt 5y ago
Having a permanent capital structure may allow employees with equity in portfolio companies to tender their shares for shares in the Sequoia Fund itself. Presumably those would be much more liquid.
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by dcolkitt 5y ago
“Arggghh!!! I can’t believe my employer lets me perform knowledge work from the comfort of my home and pays me enough, so I can use my sci-fi like smartphone from my private car, because my well-fed children are making too much noise from t
314.
by dcolkitt 5y ago
This is just the fundamental nature of human nature. People are hardwired to watch out for the kids in their “tribe”. Ask yourself how you would respond as a manager, on a gut level to two different scenarios. One is a subordinate comes and
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by dcolkitt 5y ago
Divorce has steadily declined in cohorts married since 1980.
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by dcolkitt 5y ago
MacOS just seems to have a lot of stability problems related to peripherals. I don’t think it’s specific to M1. Even on my late-era Intel MBP, Bluetooth and USB often triggers a kernel panic.
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by dcolkitt 5y ago
This is true on the scale of decades, but the problem with climate change is we don't need carbon neutrality for O(50 years). We need carbon neutrality today. Yes maybe those forests would eventually release carbon in 2050 is all well
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by dcolkitt 5y ago
Renewable is a misnomer that goes back to the early environmentalist movement. In those days the concern was about running out of energy resources, not climate change. Today we’re drowning in energy, but have a surfeit of greenhouse gases i
319.
by dcolkitt 5y ago
You’re comparing apples to oranges. Inequality is not the same as labor vs. capital. There are many rich laborers (surgeons, investment bankers, software engineers) and there are many poor capital holders (pensioners, widows, orphans). Ineq
320.
by dcolkitt 5y ago
The government can't even raise the debt ceiling or collect taxes from people who are flagrantly not declaring income. Crypto skeptics always have this image in their mind where the government finally steps up and stops the country fro
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by dcolkitt 5y ago
Something I’ve been considering as a DeFi developer is doing on-chain pseudonymous accreditation. Theoretically a smart contract could check the token and Ethereum balance of an address and classify it as accredited if it has more than $2 m
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by dcolkitt 5y ago
> Cryptocurrency as a political project has its ideological roots in the Austrian school of economic thought. It’s encapsulated by thinkers like Milton Friedman, with his infamous and overused axiom that “inflation is always and everywhe
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by dcolkitt 5y ago
Couldn’t you just build nuclear powered container ships? The biggest reason nuclear powered shipping isn’t mainstream is because many countries have local policies to prohibit nuclear vessels from docking. If the major powers coordinated th
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by dcolkitt 5y ago
Virtually all improvements in living standards occur from the creation of new, more efficient products. Virtually all new products are created by risk-taking entrepreneurs, or very close equivalents inside larger corporations.
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by dcolkitt 5y ago
Look I think “work to live not live to work” is a great philosophy, and one that probably makes for a fulfilling life. But virtually everything you take for granted about modern civilization only exists because of work-obsessed lunatics. At
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by dcolkitt 5y ago
Because by and large they tend to be extremely poorly managed. Research has show time and time again that large multinationals have much more effective management practices. In almost any competitive market, multinationals will eventually d
327.
by dcolkitt 5y ago
Supply and demand. Demand for block space on Ethereum main net is very high. Billions now transact every day on Ethereum DeFi protocols. Like traditional markets, the opportunity be first to hit an arbitrage can be worth millions. Against t
328.
by dcolkitt 5y ago
Free egress is huge for my data pipeline workloads. I hate getting silo-ed into a single cloud provider, because my data lives there and it's too expensive to run the compute jobs on another cloud due to the cost of moving the data. Fo
329.
by dcolkitt 5y ago
Stratospheric aerosol injections are the logical stopgap measure until carbon scrubbing tech reaches maturity. Stratospheric aerosols are extremely well understood and the tech is mature today. We know from historical volcanoes exactly how
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by dcolkitt 5y ago
> For instance Akerlof lemons is about information asymmetry. Akerlof lemons have zero to do with knowing the salary of the CEO of the lemon company.

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