jotakami

8 ms·

31.
by jotakami 7y ago
In the modern financial system, risk-free debt is basically as good as cash on a balance sheet. If you need to turn it into cash, you just dip into the repo (“repurchase agreement”) market. Over the past few decades the global financial sys
32.
by jotakami 7y ago
I was a consultant at one of the giant outsourcers and nod my head vigorously at this comment. The least sexy projects were MDM (master data management) but they were absolutely essential to the success of any other fancy analytics/BI&
33.
by jotakami 7y ago
> Better user interfaces are sorely underappreciated. This is why I’m much more excited by AR and VR than AI. Human brains are fucking amazing at certain kinds of data processing and inference and pretty mediocre at others. We should be
34.
by jotakami 7y ago
Tried to start a local in-person meeting for CGAA (Computer Gaming Addicts Anonymous). Posted flyers all over my university campus, which has like 30k undergrads. Nobody showed up, week after week. Not sure how to let people know and I’m no
35.
by jotakami 7y ago
Judging by my own side projects, there seem to be two varieties: scratching your own itch, or scratching someone else’s. In the former case, marketing really does come later because you already have a perfect user to consult on product desi
36.
by jotakami 7y ago
Not exactly. The BIS is owned by 55 central banks... which implies that it is subordinate to them, not the other way around. It is a way for banks to lend reserves to one another, basically. So it is a ledger, for sure, but a debt-based on
37.
by jotakami 7y ago
Right, Bitcoin will never have a competitive advantage as a payment method (“medium of exchange”) but as long as there are healthy, liquid markets to convert between Bitcoin and fiat currencies it doesn’t really matter.
38.
by jotakami 7y ago
Missing the forest for the trees. Those three functions of money are the “cliff notes” description of money, but there is a deeper abstraction that all of those properties can be derived from: money is a ledger. In the case of cash or bitco
39.
by jotakami 7y ago
I’m talking about the ledger between sovereign governments, you’re talking about the ledger within a single sovereign country. Two completely different things.
40.
by jotakami 7y ago
Sorry I didn’t cite the list of peer-reviewed economics research that forms the basis of my intuition on this subject, I’ve only got a limited time budget for HN commenting.
41.
by jotakami 7y ago
Or if you doubt that you will ever meet that trading partner again, or if you just don’t trust them and there is no legal framework for recourse if they screw you over...
42.
by jotakami 7y ago
Oh man, my current project is to automate accounting for my cryptocurrency trades in GnuCash. I trade very high volume, futures and options, so being able to run a cron job to automatically pull the data from APIs, calculate gains, and load
43.
by jotakami 7y ago
Yeah I bailed on Quicken about 5 years ago and never looked back. Using GnuCash now, and it’s awesome because I can store the data in a local Postgres database and do whatever I want with it.
44.
by jotakami 7y ago
In a nutshell, Austrian economics. Central banks have made money ridiculously cheap for over a decade, and this leads to malinvestment: investors pour this cheap money into projects that probably yield negative real returns, because there i
45.
by jotakami 7y ago
SpaceX is not publicly traded, so there’s no stock price to use for such an analysis
46.
by jotakami 7y ago
Short selling, by definition, means you don’t own the stock when you sell it. Investors with huge stakes in Tesla would just sell, not short sell. Buying a put option would be how big investors manage downside risk, or possibly selling cove
47.
by jotakami 7y ago
Yeah I’m not 100% on it, but I seriously doubt that selling your Bitcoin in small chunks to keep the capital gains under $200 in each transaction would fly. The intention of the original law is exactly like the example I provided; we don’t
48.
by jotakami 7y ago
Because there is a reporting burden to keep track of income, and the more nit picky you get about reporting all income the more deadweight loss you impose upon society as they waste time on accounting for trivial transactions.
49.
by jotakami 7y ago
Nope
50.
by jotakami 7y ago
This provision already applies to transactions in foreign currency; that is, if I take a trip to Japan and exchange $1000 for yen, I don’t have to report gains every time I buy something as the exchange rate has fluctuated since the time I
51.
by jotakami 7y ago
Something about this article doesn’t sit right with me... it’s not wrong, just... misguided? For one, he talks about these huge crossroads, all of which take place early in life, and starts making suggestions as if young people facing these
52.
by jotakami 7y ago
Nope. Last-mile, on-demand delivery will never be economically viable if humans have to be paid to do it. There’s just not enough economic value there to compensate a human for their time. Sorry I should qualify that statement. Obviously fo
53.
by jotakami 7y ago
I don’t think there’s anything special or unique about ERP screws ups: (1) ERP projects are typically large by their very nature (2) SAP projects are always built in waterfall fashion Seems like Fred Brooks’ original diagnosis would suffice
54.
by jotakami 7y ago
Not only for the initial implementation, but also to reduce the gnashing of teeth when it’s time to upgrade
55.
by jotakami 7y ago
I just read The Phoenix Project so I feel like they just need more DevOps lol. But seriously, banking is a sales-and-marketing-driven industry and those are the least likely to understand and embrace the process improvement revolution tha
56.
by jotakami 7y ago
My own anecdotal experience says that not all the dropouts are, by typical definitions, unskilled . It’s a lot more complicated than that, and I believe it is closely connected to psychological factors such as susceptibility to anxiety and
57.
by jotakami 7y ago
15 years ago I failed out of computer science at UIUC because I skipped class, got high and played video games all day. Once my parents cut me off, the depression of working dead-end jobs after having such high prospects before led me to en
58.
by jotakami 7y ago
> And marriage does not cause entry into the workforce You going to cite some evidence of this, or is it just a hot take? My hot take is that after getting married and having a child, the thought of losing my income was terrifying . Obv
59.
by jotakami 7y ago
Not the OP, but my own experience was that I finally started learning Japanese for real when I stumbled upon AJATT and started using some of the techniques he recommends. In short: learning a language is more like learning a martial art tha
60.
by jotakami 7y ago
The original article mentions something that I wish I had known when I began learning Japanese ~20 years ago: there aren’t really adjectives in Japanese, just nouns and verbs which have a few different inflection rules. Generally, any noun

More ›