mohanmcgeek

13 ms·

91.
by mohanmcgeek 5y ago
Then the left side and the right side of their balance sheet will not add up to the same value
92.
by mohanmcgeek 5y ago
> The end result is, one dollar now holds value relative to the amount of dollars in existence. This idea of commodity money is far detached from how it actually works. Thread has several good links if you want to learn how it actually w
93.
by mohanmcgeek 5y ago
> something goes wrong with a payment they would much rather be dealing with someone in the same timezone These systems are for the banks to transfer between them.. If a payment goes wrong, it's still the bank's problem. This i
94.
by mohanmcgeek 5y ago
is proximity to the country that owns a transaction processing system relevant in a fully digital world? Do you see India and Japan (and Vietnam and South Korea, all within the circle) joining a system controlled by China. India has its own
95.
by mohanmcgeek 5y ago
I really love maps like this But how's this related to SWIFT?
96.
by mohanmcgeek 5y ago
> Russian bank could just increase that number to whatever they like. Money is an IOU from the bank. So that's what all banks do. But they'll need assets on the right side of their balance sheet.
97.
by mohanmcgeek 5y ago
BRICS is not an alternative to SWIFT. Russia, India, China -- the RIC -- in BRICS are each working on/have their own SWIFT like system. There's a BRICS bank though.
98.
by mohanmcgeek 5y ago
The title itself is inviting a language flamewar and the body of the article is extremely dubious
99.
by mohanmcgeek 5y ago
Why would they care _after_ they've cut the deal?
100.
by mohanmcgeek 5y ago
> your employer is also your health insurer Is this really true? I thought American employers paid the group insurance premium on their employees behalf to the actual insurance companies Is every org running its own insurance business
101.
by mohanmcgeek 5y ago
> People in companies write the blog posts because it helps get promotions ("visibility" "industry leadership"). This is definitely toxic work culture that needs to be fixed
102.
by mohanmcgeek 5y ago
Rewrites for the sake of rewrites is a HN thing. This used to happen with other languages too. In 2015, Front page posts on a given day would have "xyz in Go" and it was JavaScript before that. People tend to reimplement systems t
103.
by mohanmcgeek 5y ago
There's a Linux configuration https://frame.work/blog/linux-on-the-framework-laptop
104.
by mohanmcgeek 5y ago
> I still don't get your motivation on writing your criticism. OP is an AWS consultant. Kubernetes is/was designed to make his skillset irrelevant. And he alludes to it in several places. This is nothing but a poorly researched
105.
by mohanmcgeek 5y ago
Except you don't. Openshift started as a paas that ran on... AWS.
106.
by mohanmcgeek 5y ago
The tipping point was NASA dropping out of openstack to sign a contract with AWS. You should checkout Azure presentations from 2012 to find out how nobody saw the "cloud" coming. Kubernetes was a very effective strategy to make AW
107.
by mohanmcgeek 5y ago
The kernel is developed by Linux foundation and a variety of companies that have a vested interest in Linux like Intel, AMD, SUSE, RedHat, Google, Canonical. It's not a team of volunteers like it's popularly portrayed. The foundat
108.
by mohanmcgeek 5y ago
> kernel developer community This effort was funded in part by Google.
109.
by mohanmcgeek 5y ago
A bulk of this criticism seems to rely on the author's understanding that somehow Google app engine and AWS were competitors before Google seriously realised that AWS was a high margin business that was bankrolling all of Amazon. I rem
110.
by mohanmcgeek 5y ago
You can choose not to use the coin part and use only the browser as i have been using for several years now
111.
by mohanmcgeek 5y ago
> We in fact discriminate positively in hiring non-white because generally they provide more value for money because OTHERS discriminate them and lower their range of offers. Are you saying that you're paying non white people less b
112.
by mohanmcgeek 5y ago
No matter, race still seems to be a criteria in their hiring process and that's.. racist.
113.
by mohanmcgeek 5y ago
Were you specifically discriminating against minorities before you "decided" to hire them? That would be illegal in a lot of countries
114.
by mohanmcgeek 5y ago
The government is monetizing it's credit just like how you are monetising your personal credit when you take a loan. When normal banks give you loan, do the deposit holders also not "have" the money? The banks create money, j
115.
by mohanmcgeek 5y ago
So when you go to the bank and borrow money with either your personal credit or with your house as collateral, is the bank creating money "out of thin air"?
116.
by mohanmcgeek 5y ago
Oh please let's keep the MMT and End the Fed theories to reddit. If you think Fed is creating money out of thin air, it's too far from reality and too politically coloured for me to convince you otherwise.
117.
by mohanmcgeek 5y ago
If I were using a managed k8s offering + a gitops ci/cd tool like flux, what would I be missing?
118.
by mohanmcgeek 5y ago
When was this? 2012?
119.
by mohanmcgeek 5y ago
Compute Engine was announced at Google I/O 2012. GA in 2013 Google app engine was definitely NOT competing with AWS. They were not selling to enterprises.
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by mohanmcgeek 5y ago
It's not like $30 trillion is a perpetual bond. Bonds have a date and the government will need access to the bond market to finance stuff. If the inflation is higher than the nominal rate on the bond, there would be fewer and fewer tak

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