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manesioz

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The mistake of the modern man is that he is more wise and clever than his ancestors, and that because of this he is able to re-invent all institutions from first principles. In the process, he destroys many load-bearing ideas and institutions and ends up with a more fragile, less successful, and generally more damaging replacement.

I think that in the short-term there will definitely be a shock to the system and there may be less lucrative and easy jobs, but long-term software is going nowhere and the fundamental value proposition of software engineers hasn't changed.

The only thing that changed is that due to increasing rates companies are tightening their CapEx and focusing on profit over growth.

Honestly I can't see why anyone has these smart speakers anyways. Best case scenario is what, saving a minute by not typing in a Google query or phone number?

Doesn't seem like a sufficient benefit when you consider the downside -- a device listening to your conversations and selling that data to ad agencies.

Great post mortem, I love reading these. Its pretty neat that the tech industry is relatively transparent about these situations -- we all benefit from learning about them.

Clearly the team has a lot of experience in fintech but I was wondering what the major regulatory hoops someone would have to jump through to build something like this -- especially if someone wanted to make a similar product in Canada/LatAm/Europe/etc. Any insights?