seibelj

22 ms·

121.
by seibelj 4y ago
They have much better insight than the rosy numbers put forth in their quarterly earnings. I think they are sensing rough waves ahead.
122.
by seibelj 4y ago
Sure but many laws are ridiculous and immoral. See slavery segregation anti-women laws etc. etc. People love to get in their moral high horse when it suits them (“Business bad!”) but conveniently ignore it in other cases.
123.
by seibelj 4y ago
There is criminal and there is civil. Just because something is illegal (speeding, jay walk-ing) doesn’t mean I’m some sort of psychopath for ignoring those laws - I make a calculation about how likely it is I’ll be caught vs. time saved. S
124.
by seibelj 4y ago
If you believe successful startup founders "won the lottery" (I don't), at least it's an accomplishment that required building and managing a productive enterprise. Lottery winners rolled the dice. Very different skillse
125.
by seibelj 4y ago
An under-appreciated consequence of the self-made rich is that they passed enormous filters to acquire their wealth. They surpassed crazy odds and - even if you claim it was all survivorship bias and luck - they still succeeded through very
126.
by seibelj 4y ago
All the trinkets that could be offshored were done already. What the US manufactures now is high-end (chips) or protected by tariffs (cars). A lot of virtual stuff like software and call centers. I think we've hollowed out so much ther
127.
by seibelj 4y ago
Yes I'm sure all of these mortgages would be identically offered with such generous terms without the government being involved every step of the way
128.
by seibelj 4y ago
The government guarantees them. Banks would never offer this product otherwise.
129.
by seibelj 4y ago
It’s not that the interest is higher now! It’s that it’s fixed for 30 years no matter what the interest rate environment is! Plus it can be paid off early and refinanced when it suits the borrower! I don’t know how more clearly I can state
130.
by seibelj 4y ago
It has to do with the absolute size of the mortgage. Fixed rates go as high as $770k borrowed. You have to be well-off to carry a $770k mortgage, and the value of this subsidy to that type of borrower is unneeded.
131.
by seibelj 4y ago
The only reason you want this is because tax payers subsidize your mortgage (assuming standard fixed-rate US mortgage). No other country offers this, and it’s clearly a handout to the upper middle class. In a free market your mortgage rate
132.
by seibelj 4y ago
One reason I’m highly skeptical to claims of monopolies, especially in an industry as dynamic and volatile as tech, is in 5 years you already have competition from new upstarts (TikTok) and old hands (Apple and Amazon) that makes claims of
133.
by seibelj 4y ago
Advanced auto-complete and sort-of right concept art is not going to disrupt the world nor the software industry. We have had algorithms trained on machine learning do IMO way more socially affecting things like decide what news and videos
134.
by seibelj 4y ago
This book is timeless, it is abstract and the topics apply to Java or the latest fad language. One good thing about HN is quality material can be reposted. The rules say once per year the same topic can be discussed. Given the absolutely di
135.
by seibelj 4y ago
I will be better. I still feel like absolutely bonkers stuff is posted about crypto and they get a pass - extremely low-effort lies and drivel - then I post my counterpoint hot take and it’s “You flame bait moron!” Similarly I am passionate
136.
by seibelj 4y ago
This is a solid book. It isn’t even really about game programming, it’s more about data structures and code organization IMO. Someday I need to post my Ultimate Programming Book list - this will be on it.
137.
by seibelj 4y ago
You get paid a fixed salary and can’t make a penny more until your union-negotiated contract says you can (more years of labor). You basically can’t get fired. Your job never changes and you can’t improve your job. You do the same thing day
138.
by seibelj 4y ago
Property is great because the government subsidizes fixed rate 30 year mortgages - you beat inflation on the backs of tax payers. I own a lot of property!
139.
by seibelj 4y ago
I thought he was mostly saying the stores themselves are unsafe for workers and customers, and the perception of Chicago being dangerous makes people not want to work at corporate. Plus the never-ending tax increases and general denigration
140.
by seibelj 4y ago
I mean META stock is down 60% YoY and the revenue is the same. Hard to argue what is "manipulated" vs. perception
141.
by seibelj 4y ago
If the only use case for crypto was to buy sandwiches then it wouldn't be a trillion dollar asset class. That isn't the main use case at this point
142.
by seibelj 4y ago
Some people don’t trust the government, other people do. I like a liquid, fungible asset not controlled by the government. Statists don’t. It’s a philosophical debate more than a technical one at this point.
143.
by seibelj 4y ago
Business and capital are about connections. If the idea requires high startup costs then that is a moat unto itself. If the idea is truly, really, honestly so amazing that anyone who heard the idea could beat you, then it sounds like the id
144.
by seibelj 4y ago
NoSQL, Ruby, microservices, meteorJS, Haskell... various technologies and languages that were fads on HN. Rust is currently in vogue but a backlash will hit at some point. I like Rust but it isn't the second coming of Christ. Honestly
145.
by seibelj 4y ago
It’s pretty obvious the reason gas prices went down was because of the enormous drawdown of the strategic petroleum reserve. Post-election that will stop and it will go back up.
146.
by seibelj 4y ago
Here’s a podcast discussion with someone in Lebanon and how Bitcoin works there https://saifedean.com/podcast/bitcoin-in-lebanon-with-thomas... Article explaining the p2p money changers in Lebanon that use crypto http
147.
by seibelj 4y ago
You can't have your stock down 60% YoY (META) without consequence. There is a whole lot of fat at both of these companies (and really all large firms that never had any bad quarters) and a reckoning has to happen
148.
by seibelj 4y ago
I've heard rumors that Meta and Google have massive layoffs coming as well. Good luck out there
149.
by seibelj 4y ago
Given how insanely high the bar is in creative industries, I’m not sure how deep a purely AI generated graphic can succeed
150.
by seibelj 4y ago
Self driving cars followed the same pattern - the demo is decent but the 99.9999% case necessary for real-world usage is perpetually out of reach

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