dpweb

10 ms·

61.
by dpweb 4y ago
Not much of a choice. Guarantee of the system takes highest precedence. Although this problem was caused by bank malfeasance and yes this does imply de facto unlimited insurance, unlimited depositor insurance is kinda the whole point and is
62.
by dpweb 4y ago
It’s from the hubris and excesses of recent SV culture. And most Americans have no conception of being able to have 250k in a checking account. The vengeance attitude can be taken too far however but as depositors are ultimately made 80-100
63.
by dpweb 4y ago
Enjoy your weekend. Obvs a prediction, but while the limit is 250k - the FDIC will act to protect depositors with higher amounts - probably a private aquisition of some kind. May be worth upping the (advertised) 250k insurance limit, as the
64.
by dpweb 4y ago
May be nice for an acquirer. Roll those long term bonds into very short term treasuries - take that big loss now - and earn 4% going forward. Rates will eventually top out - they just had made a very bad bet at 1.5%/10 yr.
65.
by dpweb 4y ago
Its big companies - their priorities are different. Saving a couple million dollars isn't worth the tradeoff of not being industry standrd (AWS, Google, MS). They hire tech consulting companies who sell their product, large deployment
66.
by dpweb 4y ago
You can only evaluate returns compared to the risk-free return (ie treasuries) - and favor treasuries cause less variance. Stock market success depends entirely on when in history you got in and got out. When it comes to US dominance over
67.
by dpweb 4y ago
Well the question is how to enact real change. Too much bad food and bad media would be a start. When you look at American culture, it would be shocking if we were not unhealthy and depressed. But then, how do you do this without authoritar
68.
by dpweb 4y ago
I think the preferred approach if you’re outraged about Twitter management, is speak out about it on Twitter, as opposed to quit in protest. Fight the fight if it’s worth it.
69.
by dpweb 4y ago
Motives are unknowable (irrelevent), it's only actions that matter. I'm no fan, but this does pass the 'would probably do this too' test. As, I could see this being a recommendation from one's personal security team
70.
by dpweb 4y ago
Stock prices are tethered, albeit with unfortunate volatility, to the expected cash flow of real companies. Crypto only to the willingness of others to buy crypto.
71.
by dpweb 4y ago
You simply cannot have a financial system without indemnification. This is the value provided by a central authority. Peers could provide this, in a decentralized system I would think, but you don't hear much about it.
72.
by dpweb 4y ago
I don't believe this is always true. For instance, whistleblower cases, or NDAs that can be broken by supeona. Considering there is already some legal questions being raised about the firings - and I'm not arguing in favor of the
73.
by dpweb 4y ago
I find the 'not going to take further action' telling, not to mention the bad taste of making fun of your employer publicly. Seems mostly immature and passive-aggressive to me. Aside from the criticism of the company, if I'm
74.
by dpweb 4y ago
I believe AR/VR is the next great step, but that the personal benefits are generally underestimated and the work value, especially for knowledge workers, overestimated. An AR headset you can wear while fixing a car has massive value. F
75.
by dpweb 4y ago
I know several 50s something programmers who have plenty of work. This is in big-corp IT not the younger SV scene. Only an asshole cares how old somebody is. Reminder also, ageism isn't just a bummer, it's illegal. Most people are
76.
by dpweb 4y ago
I'm endlessly dazzled by the elegance of the 'unix principles'. There is no question anything developed today would be much more complicated. Still, leaving the linux shell largely for 15 years and coming back to it, I can do
77.
by dpweb 4y ago
Any good articles I can check out that go into this in depth, or should I just check out the tutorials/documentation? Thanks
78.
by dpweb 4y ago
I'm trying to select a good framework and coming from long before react, having a tough time finding why shouldn't use just custom elements with no framework. Which is already built in. customElements.define('my-element&
79.
by dpweb 4y ago
Hitting 40 years next year, since the day I found that TRS-80 at the nature center. Companies have paid me to do it, for the last 25. So I do it all week, then do my personal projects on the weekends. But I never wanted it as a "career
80.
by dpweb 4y ago
I wonder the costs of old school build your own datacenter. I have to believe coud costs particuarly as AWS and Google further leverage their dominance will rise to the point where some large services choose this.
81.
by dpweb 4y ago
Banks are quasi-governmental institutions, they will always be bailed out. They hold a special governmental license to create money. Too big to fail they call it. Crypto ain't money, it's an asset class. Asset classes rise and fal
82.
by dpweb 4y ago
I think you could say Friedman is technically right, if you consider wars which decrease output changing the quantity/output equation. His philosophy proven again correct in my view. I found Yellen's comments staggering - having t
83.
by dpweb 4y ago
Money drives the political process. We refuse to change it. Stockholm syndrome. Just getting corporations and billionaire individuals to pay some taxes would be a nice start.
84.
by dpweb 4y ago
The quote in context: Second, if you have no confidence in the execs or CEO of a company then why are you working at that company? Quit and find a company to work at that you believe in! I don't find it particulary nasty and know nothi
85.
by dpweb 4y ago
If it stops Wikipedia asking for donations I’m all in
86.
by dpweb 4y ago
There’s 141 trillion of wealth in the US. 2 trillion is in currency. We already have digital money it’s called the US Dollar.
87.
by dpweb 4y ago
Depending on user (the burrito maker) to perform correctly is a major engineering mistake
88.
by dpweb 4y ago
Coinbase claims to have 98 million accounts so yes I would consider them a considerable part of the ecosystem.
89.
by dpweb 4y ago
Money is a creation of government, and frankly, the dollar ain’t so bad. If my bank goes under I’m protected by the FDIC. If Coinbase goes under they have the right to use my money to pay their creditors.
90.
by dpweb 4y ago
What bothers me most and even on HN, where you usaully get intelligent discourse, the alarmist pessimism. Everything is falling apart! Just another form of self-indulgence. There must be something compelling about pretending the apocolypse

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