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motivated_gear

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It blows my mind that there are still projects managed without git. I've seen entire production projects in a shared network drive with

appname_april_3_2014

appname_april_4_2014

appname_april_4_2014_new_order_schema

I really appreciate this as a self taught dev with a full time full stack job. I worked my ass off for 3 years, taking online courses, building product after product for people to actually use and ultimately landing a well paying and satisfying job. Things like this make imposter syndrome a little less nagging in my every day life.

Lets say it takes 2 engineers 3 months to build an another payment processor + failover, at $120k salary + 40k in benefits and taxes a year a piece.

stipes SLA was 99.980% uptime for the last 90 days

0.02% * revLoss > 160k * 2 * .25/year

OP's app would have to be earning 400mm a year. Not likely but possible.

"Theres a lot of people that spend years telling themselves that they're going to work on rockets. These same people build ad tech platforms and never leave. If you want to build rockets, just go build rockets." -- a very paraphrased Peter Thiel.

If these companies are waiting for the next wave of automation they need to build it. Uber and lyft are trying with self driving but they haven't bet the farm on it. If Uber had spent $800 million on autonomous tech and staked the company's entire future on it, maybe they'd be further.

If Tesla gets to level 4 automation, I doubt they'd have trouble whipping up a ride share platform that connects directly with their vehicles.

Why though? I would like my government to be open to at least listening to lots of different ideas and applying an investment mindset to them. You're right, there is little operational experience that comes with being a VC. But you dont need that to initiate groundbreaking projects. Hoover didn't pour concrete at the Hoover Dam. Kennedy didn't know the rocket equation.

You mentioned the Durbin act which limit debit card fees. Since you're exempt from it, I assume you'll be jacking up fees for merchants in order to pay for your rewards program which is basically just a credit card.

This might not be a large enough of a pain point to be viable. Actually it might be detrimental to consumers who are living paycheck to paycheck. They rely on an incremental paycheck and short term credit fills the void.

I use them as white noise with the potential of an interesting tidbit here and there. I like having something playing in my headphones while working and podcasts have become something I turn to. Most of the time I'm focused on what's on my screen but every now and again an interesting story comes up that I stop to listen to.

Also about your search engine comment, Google has basically crawled and tagged through all your images if you use google photos. They've added automated closed captioning to almost every single youtube video. I would not be shocked if they're in the process of transcribing and indexing every single podcast available on google podcasts. Once they do that, you could probably search for "orange chicken recipe" and it would skip to the 55:16 where they're talking about that very thing.

How to teach Git 8 years ago

I like the painting analogy and have used it frequently.

Let's say you were commissioned to create a landscape painting. It'll be a big payday if you get it right and its due in 30 days.

Because you know you can make mistakes, you make a photo copy of your work every day and make a stack of them neatly on your desk. This photo copier is really high quality as copies are made at the molecular level.

On day 16, you find yourself working on the mountains in the picture. You sneeze and Oh no! You got paint all over your work. But since you have your copy pile, you just make another copy of day 15 and keep going.

But lets say you think its a lot and want a friend to work on the painting too. Just allow her to copy your latest photocopy and you both are off to the races!

Git seems complex but when you bring it down to a practical, non technical level, beginners pick it up faster :)

The R&D that went into your phone can be derived from wall street types buying cell phones in the 90s.

As technology gets better, the probability that it will become affordable to the masses increases greatly. It's not guaranteed, but its definitely non-zero.

How a company begins to how it gets to sell products for $100m is fascinating. Boeing built their first plane soley because they had bought another plane, subsequently crashed it and then posited that it would be faster to build a brand new plane instead of waiting for parts. They sold a couple to the navy who then said "Yeah we'll take 50".

Obviously Boom is doing something orders of magnitude more technically complex than a simple bi-plane but maybe, if they're scrappy enough, they can pull it off.

https://en.wikipedia.org/wiki/Boeing#History

There is a strong difference between Yield to Maturity and effective yield. Yes, If they hold bonds until they mature, specifically government bonds, there will be no loss in principle.

What people seem to be misunderstanding is that a yield curve exists. If they were to go the safe route of short maturities, the interest rates will be must lower than long dated securities. If they reach for yield in longer term securities, they will have to mark to market when interest rates rise (which they most likely will due to the fed signaling that they'll be tightening in 2019).

You can't have your cake and eat it too