gizmo

46 ms·

721.
by gizmo 4y ago
It is a solvency issue because they are legally obligated to give people their money back when they ask for it. If none of the customers would withdraw money for the next 10 years they would be fine. But the customers are startups that have
722.
by gizmo 4y ago
"Dear customer, we're currently having a teensy tiny problem with liquidity. Kindly do not withdraw any money for the next 10 years. No worries, though! Everything is fine. Please don't panic."
723.
by gizmo 4y ago
When assets << liabilities nobody wants to buy the bank. Especially when you don't get any time to do due diligence. This isn't just a liquidity problem, this is a solvency problem. The bonds they have aren't temporaril
724.
by gizmo 4y ago
It was a major red flag! You're right about their liabilities, but their assets are mostly longish duration bonds. When interest rates go up their main customer base (startups) will have a harder time raising money (bad for them) and t
725.
by gizmo 4y ago
The crypto market cap is about 1 trillion USD. Now suppose all current crypto holders want to exchange their crypto for dollars. How many dollars do they get, collectively? The market cap is 1 trillion, but for them to get dollars somebody
726.
by gizmo 4y ago
That's not sufficient, though. You want the 0.1% case where you press undo a couple of times and big edit operations get reversed to be smooth. You have to hit your frame target when a lot is happening, the individual key press case is
727.
by gizmo 4y ago
That latency can’t be render latency, because it’s trivial. It has got to be related to unifying the text buffer with the syntax tree. Otherwise you’ll get wrong syntax highlighting for a couple of frames and that’s jarring.
728.
by gizmo 4y ago
I don't agree. Fly.io took on 40m in venture capital and is now on a do-or-die mission towards a $400 million exit. This might be obvious to many here on HN but most developers don't understand these startup dynamics and the conse
729.
by gizmo 4y ago
Of course not. The point is that the reader should recognize corporate communication for what it is: fundamentally self-serving. Corporate communication should therefore be met with thoughtful skepticism, and not with naivety or cynicism.
730.
by gizmo 4y ago
Microsoft (azure) Amazon (aws) Google (gcloud)
731.
by gizmo 4y ago
It's strategic messaging. It can't be genuine, because of what it is. The benefit they get is publicity and damage control, and as you can tell by the many responses here, it buys them time because many developers are willing to
732.
by gizmo 4y ago
This post is carefully worded corporate messaging, but because they write for their developer audience it has an informal "oh shucks we messed up bad y'all" vibe to it. But make no mistake, this is 100% corporate messaging. I
733.
by gizmo 4y ago
I'm flagging this because of the fake reviews on the app store page.
734.
by gizmo 4y ago
It is in their best interest because puberty blockers are harmless and this gives the child more time to figure out what they want. If they want to go ahead with transitioning they can take the appropriate hormones when they're ready.
735.
by gizmo 4y ago
To put the above in perspective, the civil rights march was on August 28, 1963. Not talking about politics was a good strategy for white men, because the political environment favored them so much. Not talking about politics was not an opti
736.
by gizmo 4y ago
Trans teenagers that want to transition are going to need puberty blockers, so obviously you can’t postpone any conversation around trans identity issues until adulthood. Your perspective strikes me as a modern version of the old “concern”
737.
by gizmo 4y ago
LLM based chatbots are already more useful than all of crypto combined. Whereas crypto wastes energy as "proof of work" AI models try to be as energy-efficient as possible. The energy needed to train these LLMs is also 10,000 time
738.
by gizmo 4y ago
No, the EU has astonishingly childish VAT rules that specify which country is owed VAT at which rate for all sorts of edge cases, like an online purchase made from a train heading across a border. The vendor, the customer, and the train can
739.
by gizmo 4y ago
EU countries bicker about VAT like schoolchildren. When Italy says VAT is due it might mean FB has been negligent, but it probably means FB made a deal with another EU country (Ireland perhaps) and paid a lower amount of VAT over there.
740.
by gizmo 4y ago
It was "100°F and bone-dry", according to the article. He had no chance of putting the fire out. And he would have died if he hadn't started the fire. We don't typically punish people so harshly when they damage property
741.
by gizmo 4y ago
- This car goes twice as fast as the other one == 100% faster. - My stock went up 100% == I doubled my money. It’s not ambiguous. Apple uses correct grammar.
742.
by gizmo 4y ago
Exams can be anonymized when graded to reduce teacher bias. You can't do that with oral exams. In addition, you can't get a second opinion for an oral exam if you suspect you've been graded unfairly.
743.
by gizmo 4y ago
> In your case - the reason VCs even have that money is because in the long run, given enough bets, they make money back, which for the most part translates into "they created enough value." The VCs get the money from their lim
744.
by gizmo 4y ago
Most universities in the UK are mediocre. Significantly worse than universities in Germany, France, Netherlands, Belgium, Sweden. France and Germany are very good for engineering in particular.
745.
by gizmo 4y ago
No? Because if you need tons of capital to make a minuscule profit your company is worth nothing. (A company has to outperform at least the interest people can get on bonds plus some equity premium.) Amazon could make a significant profit
746.
by gizmo 4y ago
Yes, but how do you get to breakeven? By reinvesting all your profits. High capex and no taxes because you don't have any income. And you can still raise money by issuing stock, which goes up in line with your FCF. You maximize growth
747.
by gizmo 4y ago
Literally every founder is capable of figuring out the basic unit economics of their business. But when VC money is abundant the unit economics don't matter because growth is the only metric worth tracking.
748.
by gizmo 4y ago
This isn't another 2000 crash. The internet is much, much larger today. And the prize you get for being #1 in any market is enormous. It's so large that it pays to gamble with questionable growth strategies in the short term. Reas
749.
by gizmo 4y ago
> IRIS² will be a constellation at the cutting edge of technology, to give Europe a lead, for example in quantum encryption. It will therefore be a vector of innovation. Quantum encryption?? Can anybody explain how this is related to sat
750.
by gizmo 4y ago
Serving the inside of a big city via satellite internet is ridiculous. Cell towers and fiber are what you want in all cities and towns.

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