gitfan86

50 ms·

601.
by gitfan86 4y ago
But those companies only exist because the US regulatory framework allows them to exist as long as they follow the rules. If the CEO of Walmart sent out an email saying that everyone was fired and that all stores should be demolished, he wo
602.
by gitfan86 4y ago
He has to negotiate with the Solend people. They want to be accused of breaking a contract or breaking the law, and he wants financial compensation.
603.
by gitfan86 4y ago
Modern finance does have a high barrier to entry. So it makes sense to try and become a big financial player any way you can and then figure out how to make it better once you are there. But that is really hard, and impossible if your effor
604.
by gitfan86 4y ago
I agree that putting lots of people out of work isn't the problem. The problem is that these Non-General models become very powerful and they can be programmed by humans to do very impactful things. So much so that even if AGI comes in
605.
by gitfan86 4y ago
The debate around "What is AGI?" is becoming increasingly irrelevant. If in two iterations of DallE it can do 30% of graphic design work just as well as a human, who cares if it really "understands" art. It is going to s
606.
by gitfan86 4y ago
I'm not sure, I think that a lot of people have convinced themselves via echo chambers that crypto always bounces back.
607.
by gitfan86 4y ago
In the HBO show Silicon Valley there is a joke about how it is better to be pre-revenue because your valuation is tied to an idea, nothing real. Companies with revenue have P/E ratios, tying them to reality in some way. If Bitcoin is a
608.
by gitfan86 4y ago
When I interviewed for Amazon, they had an online screen that was basically asking which employee should be fired based on the metrics in a table. I'm all for firing bad employees, productivity matters, but it does seem like the cultur
609.
by gitfan86 4y ago
The world where SpaceX and Tesla build real actual things.
610.
by gitfan86 4y ago
Politicians have no accountability. In 2024 Biden will take zero responsibility for inflation and the economy and spend all his time talking about how Republicans are racist. And Republicans will take zero responsibility for Trump and Jan
611.
by gitfan86 4y ago
Ironically, Elon is one of the few famous business people that regularly points out that all money is worthless, and that the real economy is goods and services not entries in a database.
612.
by gitfan86 4y ago
Don't worry someone will create fake companies with the sole purpose of selling good reviews.
613.
by gitfan86 4y ago
Right, people claiming that BTC will the the only currency in the future are equally as reasonable as people who think that this is a great technology.
614.
by gitfan86 4y ago
Corruption is probably a bad description. It is more like what happened to Tulips during Tulip Mania, or Beanie Babies during that bubble. Beanie Babies are not "corrupted". They are "associated" with a bubble. Crypto as
615.
by gitfan86 4y ago
The problem is scale. If society only had 400 people, the 390 people that were not scammers could remove the 10 people who are scammers from their economic system manually. If you create a online store, one million strangers could connect t
616.
by gitfan86 4y ago
The "dismissive" tone is not because we believe that technology advancement is impossible. It is because we have been hearing for over a decade about how crypto is going to deliver massive value "in the future". There is
617.
by gitfan86 4y ago
Same. Just yesterday, I had a company wanting to negotiate employment terms after saying they were passing on me last week.
618.
by gitfan86 4y ago
I'm not saying that they should be ashamed for being leet coders. I'm just pointing out the inefficiency of the system. It isn't unique to software. Historically, lot of jobs have required irrelevant accomplishments or certif
619.
by gitfan86 4y ago
It seems like a huge inefficiency in the economy that thousands of people are studying and practicing for an entrance exam that has no value in the real work that the companies actually do. But overall that may be a good thing for society.
620.
by gitfan86 4y ago
Yes, the downside for the average person is that they cannot get any of those jobs because the union only hires via corruption or nepotism
621.
by gitfan86 4y ago
Police Unions are a good example of contracts being a disaster for the customer "tax payer".
622.
by gitfan86 4y ago
Unionize software would be a complete disaster. Not because unions are always bad, but because good contracts would be impossible to write and impossible to maintain. In a trucker's union both sides can somewhat agree on standards like
623.
by gitfan86 4y ago
I agree with this approach. I once had a CEO try to get me to quit by changing my responsibilities in a way that appeared to be a demotion. Instead of getting angry, I said "sounds great". I didn't quit until I found a job th
624.
by gitfan86 4y ago
There is a big difference between a perfectly healthy 18 year old accidentally receiving a lethal dose of fentanyl instead of 400mg of Tylenol AND a 95 year old not having a mole removal rescheduled after the Doctors office was closed for a
625.
by gitfan86 4y ago
Agreed, my comment was referring to step #2.
626.
by gitfan86 4y ago
Misleading a buyer about user count is material, even if musk is acting in bad faith.
627.
by gitfan86 4y ago
This seems like a bad trend for SF real estate prices. It only makes sense to pay 4k for an apartment if your job in that location pay so much more.
628.
by gitfan86 4y ago
You are right that psychological value is all that matters, you just need to take your logic one step further. When the Dole company buys a banana plantation, it is because they believe that consumers will want to buy bananas in the future.
629.
by gitfan86 4y ago
A huge percentage of economic activity has a strong correlation with real world utility. Food, clothing, housing, transportation, entertainment, childcare, medical care, banking services are all dependent on real utility being delivered in
630.
by gitfan86 4y ago
This is the point that crypto people are trying to avoid. "Don't talk about underlying value. It is very complex". It reminds me of the mortgage backed securities fraud. "You cannot criticize these complex financial der

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