dcolkitt

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241.
by dcolkitt 5y ago
A tax on renting is a tax on low income people (who disproportionately rent rather than own) to the benefit of upper-middle class home owners. Even at the peak of 2006 era lax underwriting standards only 70% of households were owner occupie
242.
by dcolkitt 5y ago
The cost of raw land may get exponentially more expensive, but the cost of higher density building is at most marginally higher than low density building. For example 50 story skyscrapers are actually slightly cheaper per square foot than
243.
by dcolkitt 5y ago
Japan is in decline as a whole, but Tokyo is still growing robustly (at a faster pace than NYC or London in fact) because of urbanization.
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by dcolkitt 5y ago
Piketty’s empirical research has been thoroughly refuted and found to have major gaps that it’s not even funny anymore. This is why he hasn’t won the Nobel, for research that if actually accurate would have otherwise been a shoe in for the
245.
by dcolkitt 5y ago
This is largely an artifact of low rates. Most retail thinks in terms of cash flow: what can I afford to buy (relative to rent) based on monthly cost. This includes mortgage (both principal and interest), insurance and taxes. But investors,
246.
by dcolkitt 5y ago
5 year CPI breakevens are still 2.8%. So the market is still pricing bonds expecting inflation to cool. If inflation persists at 5%+, then bond yields will almost certainly rise.
247.
by dcolkitt 5y ago
This isn’t how it works. With ERC20 you “approve” tokens. That allows the specific contract you approve to spend up to a specific tokens at that specific address. Things that a random smart contract cannot do: 1) Spend more tokens than th
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by dcolkitt 5y ago
> BTC is supposed to be a "value store" yet is down 30% from November It certainly would be hard to argue against the fact that gold and silver are stores of value. (Even if you don't invest in them, it's pretty clear
249.
by dcolkitt 5y ago
How does a gradual consolidation over 40 years explain a sudden spike in meat prices in the past year? The meat industry was only barely less concentrated in 2017 than 2021.
250.
by dcolkitt 5y ago
Neither Google nor Facebook make any significant profit from selling consumer profits. It's pretty tenuous to claim that their large profits are driving consumer inflation. Amazon makes virtually zero profits in consumer goods. It&#x27
251.
by dcolkitt 5y ago
I'm sorry, but "corporate greed" doesn't make sense. Were corporations not greedy in 2017?
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by dcolkitt 5y ago
> The Fed has held interest rates at 0 (negative, real terms) which makes all cash flows effectively infinite net present value. This is only true for cash flows discounted by the risk-free rate. The discount rate of risk assets comes fr
253.
by dcolkitt 5y ago
An induction stovetop can be left on, but it won't get hot unless there's actually magnetic cookware on top.
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by dcolkitt 5y ago
Most startup CEOs could probably get hired as VC partners, which pay a lot more than FAANGs
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by dcolkitt 5y ago
This just isn’t true. Agriculture and industrial emissions only account for 33% of GHG emissions—not 91% as you suggest. https://www.epa.gov/ghgemissions/sources-greenhouse-gas-emis...
256.
by dcolkitt 5y ago
9 hours ago? The original pull request identifying the problem with the Solana syscall was made back in October: https://github.com/solana-labs/solana/pull/20790
257.
by dcolkitt 5y ago
One way to deal with the bullwhip effect is to build robust futures markets around the underlying components. This improves the market two ways. 1) It allows both suppliers and demanders to hedge their exposure in the futures market, which
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by dcolkitt 5y ago
Just to give some context, Wonderland is not a blockchain or consensus layer. It's not even a legitimate DeFi app with a specific purpose (like Uniswap as an exchange or AAVE for lending). It's literally nothing more than an on-ch
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by dcolkitt 5y ago
This is contradicted by the entire economic history of the 19th century, when the industrial economies all had robust growth/investment combined with long-term secular deflation. That's not to say there isn't an argument for
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by dcolkitt 5y ago
Pretty hard to move a Vancouver house in a USB stick.
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by dcolkitt 5y ago
> Additionally I believe there are still restrictions on the export of strong crypto. You would think that freedom of expression would cover that but it does not. There is not. Precisely because the Supreme Court has ruled that code is c
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by dcolkitt 5y ago
> Not everyone is a HN reader with a six figure salary and money in S&P 500 index funds, ETFs that have almost doubled since 2017. But not everyone has to be, because the supply of housing is so limited. The number of new homes is st
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by dcolkitt 5y ago
Housing is indeed local, but there's zero doubt that we've massively under built housing over the past decade. Every major market in the US has seen 15%+ housing price increases since the (already high) 2019 baseline.
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by dcolkitt 5y ago
But the question was how hard is it to run a competitor to Infura. And the answer is trivially easy. Infura is just an Ethereum node API that's publicly exposed. Building an Infura competitor literally is nothing more than $100/mo
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by dcolkitt 5y ago
That's not what the Howie test says. In US law a security requires the expectation of earning a profit.
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by dcolkitt 5y ago
> "You had plenty of time to be an early adopter, enjoy being poor" This is literally how every asset works. Early investors earn huge appreciation. Those speculative profits drive innovation. It's why we have a $500 billi
267.
by dcolkitt 5y ago
Forbes.com is not an edited magazine. It's essentially a blog hosting platform.
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by dcolkitt 5y ago
Agree with this. For the "bubble" in high-end SWE comp to burst, the "bubble" in VC would have to burst. And VC isn't a liquid asset class that's likely to crash on a Black Tuesday like event. The explosion in
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by dcolkitt 5y ago
Correlation is not causation. Can you think of any confounding factors here?
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by dcolkitt 5y ago
Nobody is forcing teachers, janitors or administrative staff to keep working. If they find the risk personally unsuitable they’re free to find another job. Plenty of other jobs are hiring.

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