HN user
Self taught programmer. Accountant. Interested in building finance apps
empdupe.com.au godbledger.com
The issue is that without funding a projects velocity is low and that can frustrate the community.
Everyone says they are on board with supporting the little guys, until they hit bugs and start complaining.
So good! Its crazy how legal information is such a spread out mess.
Whats worse is that git is such a perfect solution for legislation.
I’m also of the opinion my paid chatgpt responses have been lower quality.
However users going on multi page rants is so bad. I read 30% through and its like “dude stop”
Its a product and you pay for it, if its not working then express the feedback and move on. Making demands of OpenAI like it is some elected government agency with transparency requirements is outrageous
They do hold 32B in short term treasury bills though
https://www.blackrock.com/cash/en-us/products/329365/
These funds appear to be specifically for short term redemptions, if they turn over 3B in redemption's every 7 days then how are they meant to keep less then that in the banks
They deposited 3B with this bank for the specific purpose of it being a safe place.
Their 10B in cash was spread over 6 banks to diversify the bank risk.
They have plenty of higher risk investments in their treasury, but these ones were the safe ones intentionally put into banks with insurance. If the government protection wasn't there the investment would’t have been there in the first place
I think the traditional way of doing this is just to make a team you work with.
Working solo with a fake “manager” is probably less productive then hiring a team member and sitting in the same room while they work for you
The counter point is everything he said is well known and discussed within the web3 circles, nothing he mentioned was ground breaking.
In general speakers who are talk about their solutions to problems are interesting, while speakers who take a defeatist attitude of course are going to get ignored.
I've found just setting a recurring TODO in the calendar to "Call XXX" is sufficient.
This was my exact thoughts too! surely human beings from the 21st century could have improved on this.
However I'm also pretty sure that lawyers have found a loophole to prevent their jobs from being automated, if you just make using technology illegal/"not to standard" then they can keep billing $500 per hour to use a typewriter
As an accountant it somewhat irks me to open an “annual report” and it only to contain one page related to financials and mostly taken up by a single pie chart.
Gatekeeping is bad, but these annual PR pieces are trying to ride the good reputation that annual reports containing audited financials have.
On a side note the graphic design in this is amazing
Can confirm, this is how i got my current job. Its a great path, especially for those with no experience and straight out of university
Over at session we are getting a massive influx of users from Iran right now.
We have not been blocked yet, session is an e2ee decentralised messenger.
I dont get why people think the assurance reports they make are phoney.
https://assets.ctfassets.net/vyse88cgwfbl/2xJyKdUKicdRUWpC9b...
Its not like BDO are going to stick their neck out for tether here
I think people dont fully understand the risk of debanking in crypto. If you go to the regular players with a billion dollars in cash, say you are cryptocurrency firm and would like a bank account they will turn you around.
This is such a major factor with every cryptocurrency company. Especially 5 years ago when tether was made.
Tethers ‘dodgy’ investments is partially driven by there being no other options.
Hi HN, I've been working on an idea of linking digital receipts to transactions through the ethereum blockchain using NFTs.
Created a demo app available at https://receipts.darcyfinancial.com/
This will produce a digital receipt that looks like this: https://goerli.pixxiti.com/nfts/0xdce729ce90c35eaa36a2129bef...
I'm pretty excited about the idea of having all our receipts attached to the transactions we make
This looks really cool! awesome work. Definitely think some of the pain points of python can be solved by this.
Single entry bookkeeping is essentially a list of your income/expenses. A list of this nature means you can't be certain you got everything, if an item is missing or has been double counted it wont be obvious at first glance that it is wrong.
Double Entry bookkeeping adds a layer to your lists to ensure that everything has been accounted for, you are creating the same list but also tracking the opposite side which is what it affected.
The most simple case here is that the income/expense also affects your bank account. By tracking the bank account you now can check that your "Predicted" bank balance according to your list is actually what is in the bank account. If they don't match then you know for certain something got missed.
It doesn't solve all the errors that can possibly occur, but it makes sure that the basics are at least covered.
Using phone numbers as an identifier is terrible, use session! https://getsession.org/
Your private key that is used to encrypt the messages and the public key is your identifier
Probably the more interesting thing about this is the treasury has pushed for Github to delete the open source repo and suspend the developers who contributed to it.
https://twitter.com/RyanSAdams/status/1556743328774995971
Secretary Antony Blinken also posted calling it a state-sponsored hacking group
There is a difference between signing a transaction and signing a string. The warning you have linked pops up when a signing of a string occurs and warns that if the person embeds a transaction in that string you are signing whatever transaction they have made.
There is a new method they have for signing strings that does not allow a transaction to be signed so its safer.
The crypto drainer seems to directly be sending the NFTs and assuming that the user cant understand the transaction and what its actually doing.
See this is just low quality FUD,
They have 39B in US Treasury Bills, how much do you think these will drop if they sell? The truth is next to nothing. and a 39B moat for sell offs seems very reasonable
To be honest I don't have that great of an understanding of Matrixs implementation but they are also doing great work in the decentralised messenger space and its all helping!
My understanding for matrix is that a volunteer hosts a server which clients can connect to, and that server acts as router to other servers which will forward it onto the destination.
In sessions case the servers (Service nodes) are incentivised so they are not volunteers, and clients can connect to any of the service nodes. Messages get onion routed to a group of service nodes known as the users "swarm" and when a user wants to receive their messages they similarly request them from the swarm.
There are likely pros and cons of both implementations. Matrix you call federated where as session is decentralised, which is a fairly significant difference. Sessions infrastructure mitigates things like the federated servers knowing the IP address of the client, clients having to trust the first hop, and metadata leakage to the federated servers.
There has been heavy development from the initial signal fork. In fact signals code has been completely gutted because using it for a decentralised messenger came with a lot of issues.
In this case the blockchain is used to incentivise the people running the routers. If you force them to stake funds then you ensure you have enough good actors to prevent bad actors from spying on your messages
This is my thoughts, the business is the ultimate owner of the advertisement. While the agency adds it to their portfolio. They are both owners/creators in different ways
The tweets are a CEO doing corporate speak about how good their company is and should be expected.
Yeah the running joke about this chain is how centralised it is.
To highlight solanas centralisation as a failure for crypto ignores how big the crypto space is and how much solana doesnt reflect the rest of the space
This, absolutely nobody thinks solana is decentralised
Nice! sounds pretty cool.
Interesting! Whats the other software?
I actually love ledger, and GoDBLedger can read in ledger files for this reason. I hate to throw negative feedback at other open source systems because the ultimate goal is to automate the financial process and we are really all working together to achieve that.
UPDATE transactions SET account = "Income" WHERE account = "Expense";
Thats pretty much what I've been working on.