dcolkitt

49 ms·

481.
by dcolkitt 5y ago
Proof-of-work blockchains were necessary to bootstrap proof-of-stake chains. Proof-of-stake is necessary to scale blockchains. It’s a relatively small, temporary price to birth a revolutionary technology.
482.
by dcolkitt 5y ago
This is a common refrain, but I doubt many who say have actually actual experience as an employer. In many businesses the inability to staff leads to existential threat to the entire business. If you're a restaurant and can't seat
483.
by dcolkitt 5y ago
Americans have far more disposable incomes than Europeans. It's not even close. Average household consumption in the US is 65% higher than Germany.[1] [1] https://en.wikipedia.org/wiki/List_of_countries_by_househo
484.
by dcolkitt 5y ago
TikTok, Clubhouse and Robinhood have touched the lives of orders of magnitudes more people than Tesla or SpaceX. Tesla sold half a million cars last year. TikTok provided entertainment for a billion people.
485.
by dcolkitt 5y ago
Why would it be stable? Falling interest rates and rising asset prices in other markets mean that many more people are able to afford higher-priced homes than even a few short years ago. No overseas scapegoats required.
486.
by dcolkitt 5y ago
“Software engineer careers are over for sure this time” says increasingly nervous man for eighteenth time this century.
487.
by dcolkitt 5y ago
The cost of office space in Bangalore is not high. Offshore developers are not some secret mystery that corporate managers have never heard from. If the benefits outweighed the cost, companies would have already offshored well before the pa
488.
by dcolkitt 5y ago
The problem is it’s not sustainable to build an org around grumbling. If problems are only getting discovered in serendipitous hallway encounters, then that means a lot of problems aren’t getting discovered at all. Remote first may be painf
489.
by dcolkitt 5y ago
> Most managers don’t know how to manage a remote team and their employer still hasn’t trained them. If a manager is struggling with a remote team, that’s usually a sign that they’re generally incompetent as a manager. There may be a few
490.
by dcolkitt 5y ago
Why not extend it to the end of the year? Delta is not a joke, and the evidence isn't firm that vaccinated people are fully safe against it. It's increasingly looking like there may be similar variants, some even more vaccine resi
491.
by dcolkitt 5y ago
Isn’t escaping editorial teams exactly the reason that many migrated to Substack? A big reason people are on the platform is because they want to read Glenn Greenwald or Andrew Sullivan or Matt Yglesias in a way that’s not filtered by their
492.
by dcolkitt 5y ago
You just plug the payment backend into the mega deep liquidity pools in DeFi and hedge out in real-time. It’s actually significantly easier than dealing with foreign currency in the traditional banking system.
493.
by dcolkitt 5y ago
Volume is not synonymous with flows. For example ~50% of US equity market volume is HFT. Yet this trading has virtually no impact on the large-scale direction of the market. That's because they don't accumulate sizable positions.
494.
by dcolkitt 5y ago
People said the same thing about Mt. Gox. Tether only represents 4% of the market cap in crypto. About the same fraction of the US stock market represented by Amazon.
495.
by dcolkitt 5y ago
Ehhh. I'm pretty close to an Ethereum maximalist, but I'd actually say ETH is more at risk than BTC for these types of downside risks. For one BTC is just bigger with more people widely invested in it, and more name recognition. T
496.
by dcolkitt 5y ago
The other point to add is that while the organic business is waiting to get from $2mn to $3mn, their VC funded competitor can throw 100 people at the problem and eat the entire market. The point is if you’re in a VC heavy space, you often h
497.
by dcolkitt 5y ago
Make sure to initialize with random weights
498.
by dcolkitt 5y ago
In most of those cases, you'd see similar declines if you benchmarked against a trade-weighted basket of G10 currencies.
499.
by dcolkitt 5y ago
Peak-to-trough, the Pound Sterling lost about 25% of its value against the Deutsche Mark during Black Wednesday. It lost about 30% over Brexit. The Aussie dollar fell about 35% against USD during the 2008 financial crisis. The Euro fell app
500.
by dcolkitt 5y ago
I mean, you're being a little silly by comparing a short-term market gyration to "annualized inflation". The Yen is down 38 basis points against the dollar today. Nobody would describe that as "exhibiting 135% annualized
501.
by dcolkitt 5y ago
As is often the case on these type of topics, Slate Star Codex had a really good roundup of the evidence: https://slatestarcodex.com/2016/01/11/schizophrenia-no-smoki...
502.
by dcolkitt 5y ago
A simple question. Is there any reason not to put a Fed backed stablecoin on Ethereum and the other major blockchains? Even if you're crypto-skeptical, what is the downside? In a world where Tether didn't have mass adoption, I c
503.
by dcolkitt 5y ago
I guess one could dream of the remote possibility that Facebook outright acquires Oracle. It seems like a weird match, but it'd give FB a toehold in a lot of verticals that it currently has no presence in. Whatever criticisms you have
504.
by dcolkitt 5y ago
One potential confounding factor is the massive drop in smoking rates, particularly among those in the prime age for schizophrenia onset. The evidence seems to strongly indicate that nicotine is a powerful antipsychotic. When smoking was wi
505.
by dcolkitt 5y ago
This reminds me of the quote: "When a great team and product meets a lousy market, market usually wins. When a mediocre team and product meets a great market, market usually wins"
506.
by dcolkitt 5y ago
I disagree. Even if I was hiring a VP of Engineering, I think it’s be cool to know that he had a silly little side project. The more senior you get, the more the biggest hiring risk becomes sociopathy rather than incompetence. Most VPs of E
507.
by dcolkitt 5y ago
I think you and OP are talking about two mostly different things. “Market order” is an overloaded term. One definition is a specific order type that instructs the exchange at whatever price is immediately available. The other is an order th
508.
by dcolkitt 5y ago
For retail traders? No. In all likelihood your order never even hits the lit exchanges. Instead it’ll be internalized by a wholesaler. For even medium sized institutional funds? Absolutely. Think of it this way. If market impact didn’t exis
509.
by dcolkitt 5y ago
A single American earning 100k gross would only pay about 13k in taxes. Less if you’re maxing 401(k). In America taxes are quite low until you’re in the top brackets.
510.
by dcolkitt 5y ago
Wouldn’t it make sense that Antarctica and the open seas are “next in line” before Mars? The point is we have a huge, open continent. At the present moment there’s absolutely zero demand to colonize it. Why? Because it’s inhospitable and ha

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