hnracer

16 ms·

31.
by hnracer 6y ago
We agree in full that women face these problems across tech and also in other industries. However, this is not evidence of a uniquely bad problem in tech which can explain why tech has a gender disparity (which occurs primarily because wo
32.
by hnracer 6y ago
I'm also talking about regular career choices (not academia) that only involve a three or four year undergraduate degree. Women self select out of technical pursuits (CS) and self select into more verbal or empathic areas (Law or Medic
33.
by hnracer 6y ago
This is definitely a large part of the picture but it's also possibly partly genetic when it comes to the science and tech fields. I'm talking about interest and not competence. Women tend to self select out of science and tech in
34.
by hnracer 6y ago
Then include heterogeneity of approach in your ranking system. Even if we do this we still have a rank order from which we can select the N best and give them a scalable platform through which they can reach large numbers, and be better off
35.
by hnracer 6y ago
I think we agree with that statement of fact that it's zero sum in dollar terms. I would only object if we were to take that further as a commentary on the goodness or badness of such an occurrence, since the nature of every transacti
36.
by hnracer 6y ago
The pawn shop is the market maker (ie trader) since they hold inventory and provide a bid ask spread. Exchanges don't provide this service. I could make the same claim that you've made about pawn shops as a reductio ad absurdum. T
37.
by hnracer 6y ago
That's sort of what I was saying. They're trying to prevent info leakage hence submit at last moment, which causes volatility in expected match. However, it's not the vast majority, most liquidity is there already more than o
38.
by hnracer 6y ago
I think this kind of manipulation would only happen at quarter end, perhaps month end and derivatives expiries. It's otherwise normal to expect price volatility leading up to the auction because traders want to minimize information lea
39.
by hnracer 6y ago
Precisely. His line of thinking would've played out to a disastrous end in the 1930s-1940s era, "oh if it wasn't for the Japanese or Germans it'd be X". Some people and some regimes are psychopathic in nature, that&
40.
by hnracer 6y ago
That's a rather unnecessarily aggressive comment. What I said is not ethnocentric (you're presuming I'm American or white?) or asinine. You're not considering the historical consequences of your perspective. And I made n
41.
by hnracer 6y ago
It's positive sum in utility but zero sum in dollars. People get caught up on the latter when all that matters is the former. Think of a pawn shop on a street corner. They trade by making markets, engaging in a zero dollar sum game. Bu
42.
by hnracer 6y ago
Exactly, the autocratic CCP is heavily investing in military drone capabilities, we really have no choice but to remain one step ahead. If we lived in a world without such regimes then that wouldn't be an unfortunate pragmatic necessit
43.
by hnracer 6y ago
Or 3. only recruit people who earn over X dollars. Any of these are good solutions.
44.
by hnracer 6y ago
I hated almost everything about my college experience, particularly the idea that I was incentivized to waste time memorizing everything in order to come first. I did enjoy the company of some of the best students in the cohort though, but
45.
by hnracer 6y ago
A lot less for sure. I've met many top 10 university graduates who are 30+ and have nothing to show for it with little respect in their domains and mediocre job prospects. It certainly is a massive help in the early 20s though.
46.
by hnracer 6y ago
The latter is largely due to regulatory capture, US customers being banned from Asian exchanges due to US regulations. Almost nobody outside the US actually prefers Coinbase, the fees and liquidity is just much worse. The volumes on Binance
47.
by hnracer 6y ago
Even in the stock market the big institutions all use a prime broker for trading access and the sales and trading desks of IBs, and they all use bank run dark pools for liquidity.
48.
by hnracer 6y ago
Coinbase has two things that are a solid moat, most important is network effects which lead to liquidity, second is trust in custody. There are literally hundreds of cheaper and well run alternatives that can't get any traction due to
49.
by hnracer 6y ago
Coinbase effectively has regulatory capture when it comes to the actual trading and speculation business (not custody). All traders prefer the lower fee derivative exchanges for speculation and hedging such as Huobi, Okex, Bitmex and even B
50.
by hnracer 6y ago
Consider a jubilee date occurring in N years. The result would be that nobody is willing to lend with a maturity of more than N years. This is rather problematic as it means that primary debt markets can't function when N approaches ze
51.
by hnracer 6y ago
I think we'll find a lot of the people who are currently uber rich would've either stopped working at $20 million (which would've been a big loss to the economy and society at large), or they would've gone to another cou
52.
by hnracer 6y ago
Interest rates would skyrocket because the default risk of lendees just went up a lot. I'm not a fan of this idea, the debt market will figure out a way to be compensated all the same (or else refuse to provision debt, which is also a
53.
by hnracer 6y ago
This view comes from the largely flawed assumption that making money is a zero or negative sum endeavour. In some cases it is but in many it's not. Whatever you think of his character, if Musk just threw in the towel at PayPal we would
54.
by hnracer 6y ago
I wonder if this would massively increase conspicuous and frivolous consumption. Some may go the direction of Bill Gates, but others may not be so benevolent. At least when wealth is conserved in the family unit it's mostly passively i
55.
by hnracer 6y ago
Wouldn't this just translate into higher interest rates, to make the supply of debt financially worthwhile for the lender? We can see this market mechanism play out in the corporate lending market where companies with high credit risk
56.
by hnracer 6y ago
"it won't matter much" is your sentiment. Presumably a parent of adult kids would retort that it's not just about the N hours of face to face, but also being proud of each milestone they hit (graduation, job, kids, etc),
57.
by hnracer 6y ago
I hope not since that isn't disputed in the least. There's loads of convictions, over 1000, for small scale election fraud. What's disputed is fraud sufficient to meaningfully change the outcome in a single state.
58.
by hnracer 6y ago
That's one I haven't heard, do you have a primary source for that beyond the tweet (which doesn't link anywhere)?
59.
by hnracer 6y ago
What's the 2020 number if we take into account ballots that arrived late? Is it near to 6 percent?
60.
by hnracer 6y ago
I agree they're not perfectly competitive but they come close (which was my claim). I view them similarly to the soft drinks market, you have moats due to brand such as Coca Cola, but vigorous competition with a heterogeneity of choice

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