fintechjock

The startup culture is what is killed by fines. It’s not possible to count how many companies are not started because of over regulation

The EU seems to live in a world all on its own. They can’t fine enough to actually change the behavior of big companies, but they can fine enough to kill their own startup culture.

I don’t feel bad for them anymore. Their voters seem to be fine with this status quo. And I get why other countries see these fines as trying to raise taxes by other means because it hasn’t and won’t change anything.

I've been on the Discord for a couple of years now, and poking around with submissions as well. Sean and the entire team deserve so much praise for all of this work.

It's easy to just read about the breakthrough and see it as one neat, linear line to get there, and hard to comprehend the hours, months and years that so many spent to get there. Big congrats to you, Sean, Nat and the entire team!

I think your point on costs here is right. I was treating “computer software” as anything that consumers use: apps that provide a service for free in exchange for data, etc.

Very interesting, thanks!

I don't see a widespread issue in keeping the lights on, outside of the Lake Tahoe fubar.

Considering utility rates, I would happily pay more for utilities in the short term to have 30+ years of lower property taxes. The data centers property taxes would go to paying for that buildout, and over time it's a great deal for consumers. That said, I'm in Texas so the property tax issue is more prevalent than it would be in New York.

Interesting, thanks!

Cheaper software – all of them

Nearly unlimited cloud storage - AWS / Google / etc. Data centers are the Cloud

Lower property taxes - data centers increase the property tax base, creating tax compression, which shift property tax from consumer –> company. I'm in Texas, so can only be sure that is true here. I have not looked at all other states.

Those are residents, not consumers across the US

True, for the average HN consumer

But a new iPhone Pro is $154 cheaper than it was in 2020 when adjusted for inflation, and that is probably all the average consumer really cares about

What would you estimate is the annual electricity spend for those living next to data centers and those who don’t?

How are they harming consumers?

I would think that consumers would vastly benefit from cheaper software, nearly unlimited cloud storage, lower property taxes. Heck, the next generation of data centers are looking like they will actually be net energy producers.

Consumers might not know that they benefit from data centers, but that doesn’t mean that they don’t