sytelus

20 ms·

181.
by sytelus 4y ago
Exactly. Buying is not always a good financial decision either. In current environment, renting makes far better financial sense than buying.
182.
by sytelus 4y ago
It won’t. Real estate is on track for at least 20% crash from here. People with 3% rates don’t want to sell and move to 7%. So, they are renting out at loss and therefore renting is becoming amazingly cheaper compared to buying. This furthe
183.
by sytelus 4y ago
I am imagining a scene were Gavin Belson takes over Pied Piper and installs his VC friends who immediately fire half of the people. Then website crashes in next hour and they are frantically calling back people to re-hire them.
184.
by sytelus 4y ago
Meta tripled its headcount in past 4 years. The functionality and features haven’t been tripled in past 4 years by any accounts. So, there is obvious internal empire building that was in full swing. Zuck had magically contained these tenden
185.
by sytelus 4y ago
Per last job report in US, there were two positions for every person finding normal jobs. For IT, I would think that ratio is twice. However, the biggest issue that people have to deal with: (1) Meta paid 2X to 4X higher than regular empl
186.
by sytelus 4y ago
Corrected. It still doesn’t make any sense to take on debt (which no longer is cheap) to do stock buybacks.
187.
by sytelus 4y ago
I am particularly sad about current state of Meta. Regardless of what people think of Facebook and Zuck, he was unapologetically a hacker. I visited FB campus few times and emphasis on hacker culture everywhere was just immensely delightful
188.
by sytelus 4y ago
Meta is burning $10B/yr to build Metaverse. They are also loading up on massive debt. This is the part I don’t understand. Development is expensive but NOT this expensive! A back of the envelope calculation suggests that one can build
189.
by sytelus 4y ago
SV should start new season. Writers will have no shortage of material.
190.
by sytelus 4y ago
It's worse than "shadow bank". It's bank who is allowed to print money at its whims and create any arbitrary leverage it wants.
191.
by sytelus 4y ago
I really don't know why can't they just have real verification system like many websites do (such as some crypo exchanges or even banks) where they asks you background check questions and you upload your ID. I would be pretty piss
192.
by sytelus 4y ago
Is there a Python library to create MIDI easily?
193.
by sytelus 4y ago
In general, when I see someone on the cover of Fortune, I expect their business's half-life to be about a year. This has been very consistent because of the process of getting on the cover of Fortune and kind of people who push to get
194.
by sytelus 4y ago
The coins have failed at the moment because prices have crashed. No one was complaining about coins failing when prices were soaring.
195.
by sytelus 4y ago
FTX should never been in this position. They are an exchange . Nobody should be able to obliterate them by playing around with their crypto.
196.
by sytelus 4y ago
Crypto had been interesting experiment. My take away is that there cannot be decentralized currency or finance. Dectralization does not prevent bad actors. Someone with an army and authority must be there to punish bad actors and keep the
197.
by sytelus 4y ago
What is the real status of covid in China? Is this just political thing or is it new strain? Are hospitals there overloaded? Government working off of the data? For rest of the world, covid seems to be just history.
198.
by sytelus 4y ago
Is there anyway to get such track or map from Apple Fitness?
199.
by sytelus 4y ago
Twitter has lot of algorithmic control already and it has worked pretty good for more than decade. This is not to say more staffing wouldn’t be useful and improve experience but I don’t think Twitter is in sudden risk of turning into cesspo
200.
by sytelus 4y ago
These reactionary posts fail to do rational calculations. Letting go half of the staff exactly enabled $1B in debt servicing. Even though it might look reckless, it is clear that much of these staff wasn’t on critical path for running day t
201.
by sytelus 4y ago
C-Suits are different than ground workers. They get golden parachutes, you don't. They get full vesting at firing, you don't. C-suits get paid for company performance, while you get paid for the task done. Ton of C-Suits simply ge
202.
by sytelus 4y ago
In this market 3 month severance is not much. Much of the value of these big tech jobs is in unvested stocks that these people will lose entirely (i.e. rewards for most of the work they did during almost half decade) while CEO who screwed u
203.
by sytelus 4y ago
Recently came in contact with lawyer who charged over $400/hr fees. I was absolutely shocked that they can do that for the trivial work that they do. Most cases are cookie cutter and fill-in-template no-brainers but people tend to go t
204.
by sytelus 4y ago
These consequences-free "I take responsibility" among C-suits is becoming too common. if he really felt responsible for screwing up as CEO, he should be splitting the millions he had received in compensation with people who are la
205.
by sytelus 4y ago
Linked lists don’t need defense. It is unfortunate that job of vast majority of developers is rather benign. They don’t work on problems that requires complex algorithms and data structures beyond arrays and dictionaries. But interviewers k
206.
by sytelus 4y ago
New way of founding allows founders to retain 100% control. Facebook and Google are examples in their early years.
207.
by sytelus 4y ago
This is quite stunning. OpenAI valuations are quoted as $3B. Stability AI just popped up6 months ago and is able to raise rounds in very tough economy at $1B valuation. The real differentiator between two is that Stability AI has took upon
208.
by sytelus 4y ago
They should have purchased Varjo XR3 and just commoditize it. https://youtu.be/NOk_M1Ib5F0
209.
by sytelus 4y ago
How does Pico 4 compares to this?
210.
by sytelus 4y ago
That's like saying I would only release iPhone 14 Pro Max and if you can't efford that there is always two year old iPhone 12. Not very appealing, IMO.

More ›