twoodfin

17 ms·

481.
by twoodfin 9mo ago
Other than documentation (where I agree!), those are for communicating desired actions (primarily) to a machine. A blog post is for communicating (primarily, these days) to humans. They’re not the same audience (yet).
482.
by twoodfin 9mo ago
Apparently, 25% of Americans over age 50 are millionaires by wealth, and so if you don’t expect those figures to go down, your odds of living to be a millionaire are pretty good! https://www.fool.com/retirement/2024&#x2
483.
by twoodfin 9mo ago
Sorry, what is the argument that when a company refinances debt—replacing current cash obligations with larger future cash obligations—they’re not going to use that current cash flow to build something new, or at least hire more people than
484.
by twoodfin 9mo ago
I think the point made by the article is that in either case you’ll be deeply invested in financial markets.
485.
by twoodfin 9mo ago
Why do you think large companies refinance debt? So they can invest in productive areas of the business. If debt refinancing became illegal or widely impractical due to an interest rate spike, you’d quickly see how much of the productive ec
486.
by twoodfin 9mo ago
Indeed. At various points you could have presumably done an identical analysis with journal articles and climate change, string theory, functional programming… terms & reached structurally the same conclusion. The coming Singularity: Wh
487.
by twoodfin 9mo ago
Do you need to speculate? The post says exactly this.
488.
by twoodfin 9mo ago
Transfer payments are 15% of GDP, they’re not a “pittance”: https://fred.stlouisfed.org/graph/?g=1bE47
489.
by twoodfin 9mo ago
The child tax credit phaseout for a married couple is at $400,000 AGI. There are massive tax deductions and credits available to the middle class (and beyond!) for health care, child care, education … Transfer payments aren’t just for the d
490.
by twoodfin 9mo ago
Conversely, has Oxide discussed in depth how they see GPU compute? I’m guessing for their current target market of existing enterprise software it doesn’t matter, but the ownership and economics stories are at least as compelling for matmul
491.
by twoodfin 9mo ago
If this is meant to truly calculate the wage someone needs to live, it should at least attempt to assess transfer payments from the government, the same way it estimates living costs.
492.
by twoodfin 9mo ago
This has been posted many times before, and AFAICT it’s fundamentally misleading, as it doesn’t account for transfer payments (refundable tax credits, food stamps, housing vouchers, ACA subsidies, …) That artificially inflates the “wage lev
493.
by twoodfin 9mo ago
Andy is by no means innocent, he’s just not guilty of any crime he should have been imprisoned in Shawshank for. The guy who sits drunk in his car eyeing a revolver is not a Mary Sue. And his demeanor of resignation at Shawshank suggests h
494.
by twoodfin 9mo ago
My pet peeve with the modern macOS architecture & its 600 coordinating processes & Grand Central Dispatch work queues is debugability. Fifteen years ago, if an application started spinning or mail stopped coming in, you could open u
495.
by twoodfin 9mo ago
The bear case for Workday is not that it gets replicated as slop, but that its “user base” becomes dominated by agents. Agents don’t care about any of Workday’s value-adds: Customizable workflows, “intuitive” experiences, a decent mobile ap
496.
by twoodfin 9mo ago
It seems like you’re right, but it’s strange that the data world seems to be moving in the opposite direction, with PaaS products like Snowflake, DataBricks, Microsoft Fabric, even Salesforce’s own Data Cloud eating the world.
497.
by twoodfin 9mo ago
Great list. Another tell is pervasive use of second-person perspective: “We’ve all been there.” “Now you have what you need.” As you say, this is cargo cult rhetorical style. No purpose other than to look purposeful.
498.
by twoodfin 9mo ago
Federal judges just love this kind of language lawyering.
499.
by twoodfin 9mo ago
I dunno, I love my iPhone, especially when I use it to take photos of my kids. Amazon is pretty great, too. Also schoolchildren in my state have had free school breakfast & lunch since Covid.
500.
by twoodfin 9mo ago
ensure that stored wealth is best re-invested in the economy at large Pretty sure the vast, vast bulk of wealth held by the richest US households is indeed “reinvested in the economy at large”. Where do you think it is instead?
501.
by twoodfin 9mo ago
This is an historical question I’m not equipped to answer, but I’d guess it was just the opposite: These laws were intended to protect incumbents from more efficient, better financed new competitors!
502.
by twoodfin 9mo ago
“Imagine profitability doesn’t matter to ownership, and investors will accept losses—and less losses than a more efficient competitor—indefinitely.” Even Amazon had to eventually find its way to profitability.
503.
by twoodfin 9mo ago
Or maybe McSweeney’s hasn’t been consistently funny for years and years?
504.
by twoodfin 9mo ago
What does it mean to be “the only seller left standing”? If somebody’s out there making big margins because they don’t face competition, competition is likely to emerge!
505.
by twoodfin 9mo ago
This presupposes some athletic new competitor can’t enter the market and take the margin off the fat incumbent. It’s why we have capital markets: If capturing a profitable opportunity requires spending some money, someone who wants to profi
506.
by twoodfin 9mo ago
If you can turn a few dollars of electricity per hour into a junior-level programmer who never gets bored, tired, or needs breaks, that fundamentally changes the economics of information technology. And in fact, the agentic looped LLMs are
507.
by twoodfin 9mo ago
Yes, I can imagine it’s hard to prove, which is a pretty good indicator it’s a slippery concept to being with. Everyone wants to “eliminate the competition”, including your competition!
508.
by twoodfin 9mo ago
What is “predatory pricing” vs. “pricing”?
509.
by twoodfin 9mo ago
For Bitcoin that’s by design!
510.
by twoodfin 9mo ago
This is exactly backwards: Dennard scaling stopped. Moore’s Law has continued and it’s what made training and running inference on these models practical at interactive timescales.

More ›