ptero

63 ms·

451.
by ptero 4y ago
As others said, it is a junior role -- "a head", not "the head" that will (from a job description) manage a 2-person team in a 40-person org pretty far removed from leadership.
452.
by ptero 4y ago
As a data point (another aFF on Android) I could scroll down, but the experience is painful. I am interested in SDRs and have a bunch of HackFRs and dongles, but the page was very off-putting. I suspect most tinkerers that would be intere
453.
by ptero 4y ago
That may be. But whatever those blowups are they tend to be a lot less damaging than at other places. I lived through two growing up, and both times almost everyone lost almost all money. I will take the risk on my US bank account over thos
454.
by ptero 4y ago
I may be missing something, but the page I posted has very similar numbers to those referenced for the StLouis Fed. You have to click on "25 years" to have a comparison with year 2000. The post you replied to referenced the St. Lo
455.
by ptero 4y ago
Most developed countries have a similar picture. This is a UK-specific chart. https://tradingeconomics.com/united-kingdom/money-supply-m2
456.
by ptero 4y ago
> If I pivoted I'd still write code "The old fashioned way" for fun. This, to me, is all the information you need (even though you are making this statement as an argument for the opposite viewpoint). You are studying an i
457.
by ptero 4y ago
This is a "you can write bad code in any language" paradigm. Doing computing efficiently takes skill, whether one does it in the cloud or on prem. Cloud solved a few common pain points and, at times of startup / tech boom, ha
458.
by ptero 4y ago
250,000 tech workers impacted sounds like a lot, but this is less than what the companies hired during the covid job boom; this can be simply (a step towards) a reversion to a more normal state of the tech employment.
459.
by ptero 4y ago
Clarity and technical honesty are very important in technical work; especially so in a startup: you want people to focus on solving technical issues, not translating corporatese to human. Plus, if a group tries to hide behind the wording fo
460.
by ptero 4y ago
The source of the problem is liquidity, not the problem assets. But providing this liquidity when needed has costs. That money should not have been spent by government. Here is a simpler example: A person deposits $1000 at a bank at 1% inte
461.
by ptero 4y ago
I do not think there is reasonable pushback on this. If a private company like JPM wants to do it, great! The issue is with using government money to repay depositors beyond what they would otherwise get from the FDIC floor plus liquidation
462.
by ptero 4y ago
Europe of the 1980s and 1990s, maybe. But that was a pretty short period that may not return.
463.
by ptero 4y ago
I agree with your conclusion: holding 3-month t-bills virtually isolates you from interest rate risk. But not because rates do not change (they do, a lot: for example 3-month rate jumped by over 0.5% in 2 weeks of Oct 2022). But due to the
464.
by ptero 4y ago
I think the main disconnect is between developing countries (that may have currency stability issues and where folks are more likely to use dollars or euros) and the developed world, where there is no benefit in using USD for regular transa
465.
by ptero 4y ago
FDIC insures $250k per account, so most retail clients have no reason to bolt, which provides a lot of stability for traditional banks.
466.
by ptero 4y ago
IANAL, but I don't think fiduciary duty requires you to disclose SVB exposure. If anything, disclosing it might trigger another run on an otherwise easily survivable state.
467.
by ptero 4y ago
I see it as very different from FTX. In SVB there was no fraud and no criminal wrongdoing; there may be no moral wrongdoing either. SVB was a chartered bank, subject to all regulation and reserve balance rules that other banks follow. As
468.
by ptero 4y ago
Musical chairs for assets currently in SVB or at other banks? If SVB, it is probably too late to stop it, that game has already started and once a bank run starts only a miracle (or a powerful external actor) can stop it. If other banks I d
469.
by ptero 4y ago
I want something that I can self host. I am perfectly OK with a single language and a few mistakes here and there. Does such a thing exist? I would gladly donate to a kickstarter project for this before trying to build one myself.
470.
by ptero 4y ago
One idea for folks trying to bootstrap an indie hacking project as a cure for megacorp blues is to work for a year in a small startup. That way you can get some exposure to non-software tasks you will have to handle and will be able to move
471.
by ptero 4y ago
The quality of life may not be bad at all. I have a relative who maintains old code for a public utility (I think most of it is PL/1). While the salary is not FAANG-like it is OK and the job security and the sane 9-5 schedule with the
472.
by ptero 4y ago
This is definitely true. Most employees at national labs are not paid according to the GS schedule.
473.
by ptero 4y ago
No bank will honor your check for more money than is in your account. The amount in your account gives a hard stop on the amount you can lose. Having a separate account with enough for the current Paypal transaction (that you refill from th
474.
by ptero 4y ago
Those are good points! But let's consider them in a practical light. For the mob boss, he is committing an actual crime of extortion. If a shopkeeper goes to police, the mob defense would not be "we were in our rights to threaten&
475.
by ptero 4y ago
In actual crime, those who participated, either physically or not, go to jail. But we should not ban speech when there has not been any crime.
476.
by ptero 4y ago
I agree that there is no easy answer; certainly my proposal is not perfect. But almost any action is compelled by speech. I think allowing the state to control the speech to guide actions always leads to misuse. My 2c.
477.
by ptero 4y ago
Not the person you asked, but I would not prohibit even that. It's not that I like this, but I do not see any way to prohibit the hate speech in a way that is practical and will not be broadened and misused. We should stop and punish a
478.
by ptero 4y ago
PayPal cannot take more money out of your account than what is in the account. If you have $500 in an account the bank will not let PayPal withdraw $5000 from it. It's not different from writing a check for $5000, which will just bounc
479.
by ptero 4y ago
The main argument for another small bank account to interface with PayPals of this world is not that it cannot fail, but if it does it is an easily survivable event.
480.
by ptero 4y ago
This. Cloud is great when a startup hits an unexpected growth spurt and can scale infra without getting distracted from the core mission. It is not cheap, but it may be worth it. But this is a fairly narrow use case and until hitting limit

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