sub7

9 ms·

91.
by sub7 4y ago
No discussion of Filecoin is complete without talking about how much miners got paid per gb per hour for the past few years (hint: they covered the cost of their SSD in < 1 hour at one point) It's a great story filled with 80+% APR
92.
by sub7 4y ago
I've placed 1000s of developers at startups over many years. My advice is forget about the money at 28, it doesn't matter if you earn peanuts or peanuts++ What matters is who you work for and that they develop you/manage you
93.
by sub7 4y ago
My guess is these were exchange IOUs or "commercial paper" and no USD was involved in this burn. I can't really see a scenario where they aren't fucked, and it's going to make Terra look like a blip whenever it play
94.
by sub7 4y ago
The idiots who yelled "have fun staying poor!" are now yelling "we're people too please have empathy!" Can't make this shit up
95.
by sub7 4y ago
not yet
96.
by sub7 4y ago
I posted a few months ago that when people realize their stablecoins are not so stable, the game's half up. usdt is also an obvious fraud, as is almost all of crypto right now. Most people have no understanding of the hidden leverage b
97.
by sub7 5y ago
YC has gone from 7 super high quality startups in a yearly class to some 300 founderitis startups twice a year. Nobody who knows anything thinks it's actually a quality signal anymore, it's really just a high passthrough noise fil
98.
by sub7 5y ago
I wrote an addon called unfuck-google which they've now taken down 4 times. All it does is force 'Verbatim' searches and sort news results by date which makes things better (but still not that great)
99.
by sub7 5y ago
About time. Unlike Google or Microsoft before them, this company was evil from day 1. 0/10 for them and anybody who made their money there
100.
by sub7 5y ago
Apart from being entirely unearned and unfair, these 30% cuts incentivize platforms to not weed out scams and bad actors. There are an infinite supply of bullshit apps that have been scamming people with subscriptions that are impossible
101.
by sub7 5y ago
If I was presenting the question more completely, I would have included financial fraud alongside speculation/gambling, which is exactly what you're doing by sending $ across borders without AML/Forex regulatory checks on the
102.
by sub7 5y ago
Please show me a real world use case that's better than the status quo and is not speculation or gambling. It's been over 12 years and I'm still looking. Cryptoclowns can't use the it's too early excuse anymore. But
103.
by sub7 5y ago
From a Coinbase exec: "Tether is a ticking time bomb. Whenever it goes off, it'll be a 70-80% market correction for 2-3 years" Crypto continues to help nobody and achieve nothing in the real world. This administration has bee
104.
by sub7 5y ago
OSX has been shit for a while, they've been focused on iOS and emulation on the new hardware. the kernel_task kext is probably the worst offender. Think Windows is better at this point, at least you can disable the garbage there.
105.
by sub7 5y ago
Crypto is for the ultra banked. To make profit via speculation. And insider trading. Gross conflicts everywhere. Hope it all burns down.
106.
by sub7 5y ago
NFTs are a scam as old as markets themselves. Buy your own supply at any price, then sell to a sucker at a "discount". Sprinkle around marketing bullshit about how all real world things will be NFTs one day, be really good at capt
107.
by sub7 5y ago
"I was only following orders"
108.
by sub7 5y ago
This, like the rest of crypto, enables the world's worst humans. Also, the founder (who loves telling people to stay poor online) is in jail for fraud. I'm shocked. I really hope Gensler and co sack up and shut down these wannabe
109.
by sub7 5y ago
firefox has been the only half decent option for a long time google is shit spyware
110.
by sub7 5y ago
It's a kademlia based app, this shit was around in the 90s. I'd argue the biggest breakthrough was the Turing machine but sure the consensus math is interesting.
111.
by sub7 5y ago
We keep talking about how tech should be used to make a net positive change yet we allow this glorified linked list that has 0 real world benefits after a decade to get a pass because some man children run around promising it's the fut
112.
by sub7 5y ago
Advertising models will be extinct soon enough. If only the get rich quick assholes moved elsewhere, actual protocol development could do it this decade.
113.
by sub7 5y ago
This isn't analysis, it's opinion. But thanks for adding to it in a meaningful way. The people who get out in time will be a tiny fraction of those that get fucked. And to date, exponentially more people have gotten fucked than ha
114.
by sub7 5y ago
Just wait until people realize the stable coins are not stable either. There's 1000 or so entities that control 50% of circulating btc. These insiders run the game, they have more information than you and they control the very few exit
115.
by sub7 5y ago
> The tech itself is clearly useful in some applications There have been 0 real world applications for this tech in 8 years outside financial crime, fraud, and speculation. A lot of the same conversations in 2013 ended with "yes but
116.
by sub7 5y ago
You're 100% right. Crypto enables the worst actors and the worst humans around. It's a cancer. Ignorants will start yapping about "money printing" not realizing they're regurgitating talking points from a tiny group
117.
by sub7 5y ago
This is cool but I played a much more complex game with a mind reading headset at Gates (Stanford) in 2007
118.
by sub7 5y ago
Quora will be them as well, nobody has figured out how to maintain question/answer quality at scale Simple up/down voting systems are too easily gamed
119.
by sub7 6y ago
Softbank raised a lot of money off early WeWork hype. The management fees on that cash alone will offset any loss WeWork can ever make. And it looks like WeWork will now turn around with spac $ and restructuring. They played the long game a
120.
by sub7 6y ago
Yeah these things no longer cover up the fact that they try to turn you into a serial killer on youtube or that your search results are mostly useless ads

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