time_to_smile

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91.
by time_to_smile 4y ago
> These cards are accepted by society because they benefit those who know how to use them No, they're accepted because the only way we can figure out how to continue economic growth is through a massive credit system. This means dou
92.
by time_to_smile 4y ago
> they can spend it, or they can save it. The trouble is they haven't been saving it. Savings rates is near the lowest it's been in years [0], debt is rapidly increasing [1] and we're seeing quickly increasing dipping int
93.
by time_to_smile 4y ago
We've worked to keep the dollar less strong since a rapid increasing in the value of the dollar risks a global debt crisis. A lot of people in finance were quite concerned earlier this fall when the dollar started to rise rapidly.
94.
by time_to_smile 4y ago
I regularly keep up with financial news and it's hilarious how each morning financial reporters quickly rush together articles about "<direction market moved> caused by <current top news story>". I really enjoy th
95.
by time_to_smile 4y ago
That's why the time to make demands and organize was when this current tech boom was just getting started, when engineer salaries started to really pick up and before bootcamps and massive new waves of CS grads where in swing. By organ
96.
by time_to_smile 4y ago
He's not wrong. The key ingredient in ChatGPT is not brilliance but capital. It takes a lot of money not just to do the raw training but to get all the data together and process everything. There's no break through insights that m
97.
by time_to_smile 4y ago
This is a weird take. Are you arguing that we aren't seeing an abnormally high number of layoffs in tech? That this is just "media sensationalism"? Nearly all the layoff reports I've come across I hear about before they&
98.
by time_to_smile 4y ago
Chewy hasn't solved the problem that Pets.com had, we've just had enough free cash flowing around for longer this time so it doesn't matter. When Chewy starts to make more than they spend then it will be interesting, but as
99.
by time_to_smile 4y ago
Startups tend to be shockingly ignorant of the culture at larger companies (or non-startups in general), and personally I find it a bit of a red flag when it seems like nobody at a startup has worked for a real business before. It's gr
100.
by time_to_smile 4y ago
> These articles claim that at large companies that receive an influx of resumes, recruiters set rules to surface resumes that contain certain keywords... That is a bad strategy for applying at startups like ours. We’re not looking for k
101.
by time_to_smile 4y ago
> and now rarely eat out. That's the inevitable outcome of this type of behavior. Like so many startup's attempts to squeeze customers in the short term, it works for a small window of time but leads to longer term consequences
102.
by time_to_smile 4y ago
Has everyone else been using a different tool than me? ChatGPT is interesting, but is laughably bad at any non-trivial instruction. It's fantastic at generating content that on first glance looks remarkably right, but always fails fine
103.
by time_to_smile 4y ago
If you want a more purely academic/economic perspective on the larger issue I recommend "The End of the Everything Bubble" by Alasdair Nairn. As implied by the title, it doesn't focus exclusively on tech but on the asset
104.
by time_to_smile 4y ago
I'm surprised people working in tech can not see this coming, haven't you ever looked at the current tech industry and thought to yourself "something is not right here?" Tech has been a massive game of shuffling around
105.
by time_to_smile 4y ago
It's not doomscrolling, its reality. The writing has been on the wall for over a year, and yet people still refuse to see it. We're at the beginning of a major contraction in tech. It might not be pleasant to hear about but if you
106.
by time_to_smile 4y ago
I find one of the biggest mistakes programmers have about mathematical notation is that it's somehow just a terse, badly implemented programming language. But this is a very poor understanding of what mathematical notation is doing. I
107.
by time_to_smile 4y ago
I highly recommend working through Claude Shannon's Mathematical Theory of Communications [0]. It's originally a paper but was later restructured as a book, in either form it works quite well. The reason I recommend it is becaus
108.
by time_to_smile 4y ago
I think year here is also super important. In 2008, even without the benefit of hindsight, investing in tech is not a crazy idea. We had a real-estate/banking crisis and there was a lot of people looking to figure out where to put thei
109.
by time_to_smile 4y ago
I think you're half right, but missing a big piece of the puzzle. I agree with you that people's spending habits don't make sense. I see young people complaining about having to live with their parents when near their 30s who
110.
by time_to_smile 4y ago
> We are nothing like that situation Agreed because this time the asset bubble extends well beyond tech. This is a much larger problem and will take much longer to unwind, cutting much deeper than that.
111.
by time_to_smile 4y ago
I like the optimism but I suspect we're still in the early stages of this process. There's lots of bubble to unwind here, and this mess hasn't even started to untangle. I recently came across this quote from PG in one of his
112.
by time_to_smile 4y ago
As someone who entered the work force in the shadow of the dotcom bust, I think the biggest piece of advice is that people who have only lived during the time of the "Great Bubble" don't have advice much to give you. Entering
113.
by time_to_smile 4y ago
> totally worth keeping 5-10 person engineering team I've worked in AI/ML for a long time, and I can tell you that in all but the rarest of exceptions nobody has sat down and done the math to really determine if that value is t
114.
by time_to_smile 4y ago
Wildly overpriced compared to building it yourself or compared to other PC building companies? I purchased a Thelio Mira awhile back and have been happier with it than any other PC/laptop I've owned before. The big value add that
115.
by time_to_smile 4y ago
Before answering your question, you need to first be clear what "sustainable" means. For me sustainable means that we can continue to life as we do indefinitely. Our current economic structure, due to its reliance on credit, requi
116.
by time_to_smile 4y ago
Or we see a contraction in globalization in general in which all economies shrink. It's entirely reasonable that we could enter a period of long, slow decline across the board. Especially as we continue to push the limits of natural re
117.
by time_to_smile 4y ago
Do engineers not take calculus anymore these days? Gradient descent uses the gradient , but is itself not the gradient. The gradient itself is just the vector of partial derivatives with respect to each parameter. Gradient descent is jus
118.
by time_to_smile 4y ago
> I don't know how many "that's what was said of Airpods" are needed for this argument to die Apple has always been the exception that proves the rule in the types of cases. Very, very few companies are able to create
119.
by time_to_smile 4y ago
> snag a Boosted Board Boosted went out of business in 2020. It's funny how many times I've seen a "revolutionary" transport product released in the tech word with the exact same set up and experience: I see a hyped u
120.
by time_to_smile 4y ago
I really hope that I get laid off in the first round of these layoffs where everyone gets good severance. My current worry is that the first round of layoff at my first company will get 4 months severance, I'll miss that round, and 2 m

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