strgcmc

28 ms·

181.
by strgcmc 6y ago
The trick is getting big enough and keeping the mistakes small enough. What if $50 million was enough to bankrupt/kill Facebook? A risk that has a 1% chance of wiping out 100% of your company, vs a risk that a 10% of chance of costing
182.
by strgcmc 6y ago
I worked at Microsoft from 2010-2012, and the crux of the issue there was that, for Microsoft users who had the Bing toolbar installed, the toolbar would track what you were visiting in your browser and use that session/journey informa
183.
by strgcmc 6y ago
You missed the key point of the OP: you only get 70% of the gross revenue (units * price), but when a user requests a refund, you the app developer have to pay out of pocket to return 100% of the price back to the user (Apple doesn't r
184.
by strgcmc 6y ago
Some interesting scholarship on this has happened in the last 5-6 years: https://www.vox.com/2016/5/9/11502464/gilens-page-oligarchy-... TLDR: it's pretty debatable
185.
by strgcmc 6y ago
The OP's fundamental frustration (I think, oversimplifying) is that they feel no incentive or no motivation to "do better" or take on the kind of things you suggest. They do not believe it will be rewarding to them, and so w
186.
by strgcmc 6y ago
Providing a source to confirm your statement: https://www.statista.com/statistics/1104709/coronavirus-deat... IMO, the US will almost certainly make up a lot of ground on the deaths per capita metric (or leapfrog
187.
by strgcmc 6y ago
This. And maybe we shouldn't trust China's reported data, but Europe is almost doing miraculously well if you compare to the USA. Not going for eradication, but containment. With containment, everything else is possible (healthca
188.
by strgcmc 6y ago
There's a not-very visible but nonetheless real amount of planning and "portfolio management" that goes on behind the scenes into choosing which ostensibly "random pilots" to produce. Yes it's kind of a "
189.
by strgcmc 6y ago
There are different strategies you would use for dealing with different companies, especially for companies with very deeply broken incentives or broken feedback loops (no company is perfect, but many function reasonably well, and some func
190.
by strgcmc 6y ago
Not to fully justify it myself (I'm not sure I believe it either), but more to provide a devil's advocate perspective: - A key part of the financial crisis is that, collectively the group of auditors and risk evaluators and expert
191.
by strgcmc 6y ago
It's a little different from the idea of "all services must be something we can turn around and sell to customers", but yes it was a good idea to enforce service interfaces and forbid tight coupling at a architectural level.
192.
by strgcmc 6y ago
In a way, this is yet another derivative of Dunning-Kruger IMO. It's all derived from either: (1) overestimating one's abilities (esp. when transferring from one domain to another), or (2) the corollary of underestimating the dif
193.
by strgcmc 6y ago
Curing disease is actually a much better illustration of "why won't VC/capitalism fund the 'right' things?" It is much more profitable to charge recurring "subscription" payments for treatments to kee
194.
by strgcmc 6y ago
There's an activation threshold absolutely, which requires large-scale central investment to get there for the very first time. But like, if you had one Star Trek style replicator, and it was able to make more replicators, then once y
195.
by strgcmc 6y ago
Tangent here, but after visiting the Pennsylvania Dutch area a few years ago, I had this mini-epiphany of a vision of an alternate universe where most of society lived in small communities like the Amish do, that were mostly self-reliant an
196.
by strgcmc 6y ago
There is no mandate that I'm aware of (not that I know everything about everything), but it's definitely the case that projects with "externalization potential" (making up a phrase out of thin air) will generally be more
197.
by strgcmc 6y ago
I think the NYT article has a little more detail: https://www.nytimes.com/2020/06/24/technology/facial-recogni... Essentially, an employee of the facial recognition provider forwarded an "investigat
198.
by strgcmc 6y ago
You may be (un)pleasantly surprised by the amount of physical/real-world tracking of in-store traffic that stores are engaging in now. In many physical stores, you don't really have the option of "'browsing' without
199.
by strgcmc 6y ago
But you are kind of proving the point with your example... you are in the minority, and most people do not take it "cold". If everyone took it cold, then what you said makes more sense. But most people, unlike you, are trying to
200.
by strgcmc 6y ago
Except that there are rules and regulations and laws about food safety, and restaurants regularly do get shut down by the health inspector if they fail to pass muster, and customers have plentiful ways to share their bad experiences and oth
201.
by strgcmc 6y ago
Without taking the time to make a data-driven argument, I'll just hypothesize that, it's a natural result of lowering the barriers/costs of entry, to making changes. 30 years ago, if you worked in software, then you were almo
202.
by strgcmc 6y ago
Liability? Probably none. See section "11. Limitations of Liability." here: https://aws.amazon.com/agreement/ RDS SLA's are here (doesn't mention backups though, so not sure how that's handled)
203.
by strgcmc 6y ago
You can certainly get pretty far with that approach, and I wouldn't suggest doing anything else until you've outgrown it. Semi-/un-related anecdote, but looking back at what my team was like 6 years ago, we used to be a class
204.
by strgcmc 6y ago
It's hard to give really generic useful guidance, so I would suggest that first you should make sure to self-evaluate what kind of data you've got, how broad/comprehensive is it, what kind of query patterns you'll common
205.
by strgcmc 6y ago
Conceptually I think that's about right (meaning, similar concepts as us, but who's to say whether this is objectively the best approach...). Practically, we're heavy on AWS, so we've found that for our size/scope&
206.
by strgcmc 6y ago
Just to add a counter-anecdote, as I see lots of (good/valid) questions about "why do I need this?", here's an anecdote about "yes we definitely benefited from this": - Years and years ago, we already had a dat
207.
by strgcmc 6y ago
I think the problem comes down to having different definitions of value. Devs think it's 100% based on their code output or their communication with others or things like that which are quantifiable outputs that can be achieved relativ
208.
by strgcmc 6y ago
Certainly as a payments system, Bitcoin looks to be failing/has-failed/will-fail. But there is another possible future other than being a fake-internet-money "asset class for speculation... devoid of fundamentals": a lon
209.
by strgcmc 6y ago
As the other poster said, it's meant to be silent reading time. Some reasons why (loosely paraphrasing internal guidance on how to run meetings and why writing culture matters): - PowerPoints are lazy/evil, and not good formats fo
210.
by strgcmc 6y ago
Another way to analogize: imagine the westward expansion of the USA also being subject to "halvenings" like this. In years 0-9, settlers were encouraged/allowed to settle on 1000 miles worth of land (counting linearly westwa

More ›