yanilkr
Joined 18 years ago
Joined 18 years ago
Japanese central bankers figured out a way of creating money for purposes that are good for society. Like AI, Quantum computing or bio technology and any other hyped up stuff you see on internet.
There were many bad consequences in the past because of money created that way.
With the way SoftBank is giving away money, it looks like “smart credit guidance” is still happening with out any public policy or public awareness.
There is no secret conspiracy here to bring down wages of researchers. Some people just do it for the likes.
This is roughly similar to what happens in technology teams all across the business units.
Manager 1: We are streamlining all our product offerings to a Kubernetes container cluster. Why you ask? We want to modernize our stack and we want to attract best talent.
Manager 1 and the team collects the rewards
...... few months later
Manager 2: We reduced the cost of operations by x% by simplifying operations. Aka rolling back to something other than Kubernates.
Manager 2 Collects the rewards
Every time, there is a detailed intelligent write up about what we are going to do and what we did and how awesome it was.
Believe it or not, internet has a way of influencing the really smart people with branding and advertising driving them to a form of resume driven development.
Kubernetes to developers is like what Axe body spray is to teenagers.
Just use Axe Deodorant and women will be all over you.
It's an insurance against the whole world falling apart. Why would the whole world of finance fall apart? Same reason Roman empire fell part and lost its significance.
Long back 1000$ was a lot of money, later a million $ was a lot of money and then billion $ was a lot of money. In today's news, people are describing events in trillion $ costs. If you extrapolate this trend, money as we know will be losing its value exponentially.
Bitcoin is a money system that is defined very clearly in terms of quantity, creation process and exchange etc. This is a good minimum viable product. It definitely has value just like a commodity. It also has people working on improving it as if it were an ipo'd company.
Just like language and law, bitcoin is a product of "spontaneous order" and our knowledge of traditional finance may not have enough mental tools to value it like another financial product. Some people certainly value it more than other people. Over a long period of time take span of 100 years, it becomes easy to imagine having a bitcoin like digital currency with standardized rules for money creation not controlled by any single party.
This is a symptom of "bullshit" going on around in big tech companies. "bullshit" here is an economic term defined in the book "bullshit jobs". https://www.amazon.com/Bullshit-Jobs-Theory-David-Graeber/dp...
Reading through the post, I was noticing
So much corporate Jargon which really does not mean anything important.
Dehumanizing language when describing people interviewing and being interviewed and its process.
Too much obfuscation of ideas that can be very simply explained.
glorification of simpler problems into heroic challenges.
Delusions of Grandeur.
Today's such jobs are tomorrows layoffs.
I think I will stop here. I have crossed my negativity threshold for the day.
There are so many persuasion filters here "Partner at Ycombinator", "Co-Founder", "Director", "Apple", "High Achiever writer in general". With this many strong credentials, it would be very very difficult to critically read such advice and then think of alternative ideas.
"If you don’t retrain your model based on input from the crowd, you’ll never converge on truth." This is true for machines.
Other high achievers believe in the alternate version.
"Reasonable men adapt to the world around them; unreasonable men make the world adapt to them. The world is changed by unreasonable men." Edwin Louis Cole
"truth is my goal. Controversy is my gym. I'll do a hundred reps of controversy for a 6 pack of truth" - Kanye west.
"Your life goal should be not to win any particular game, rather to win the sum of all games." This metaphor of everything is a game really really works well for certain people. I personally witnessed it.
It would be a sad life if you turn everything you do in life as a game where you need to compete with others to win and never question the nature of the game itself.
"Do what you love" is an over all long term approach that sustains your energy and focus for long term.
Most ideas of high achievers are very contradictory, in general its a good idea to listen to so many of them and pick something that meets your style.
It does a good job of explaining how trust evolved in the world and now that we are comfortable using computers to organize our lives, it makes sense to have a global ledger to keep track of "karma" we owe each other.
https://news.ycombinator.com/item?id=16037746
You decide if there is any merit to the advice given.
One other quality of effective engineers is not fall for bullshit and have a scientific mindset of inquiry.
http://telegra.ph/Effectiveengineercom-is-content-marketing-...
other clickable links
previous discussion https://news.ycombinator.com/item?id=16022916
sales copy https://www.effectiveengineer.com/book
http://telegra.ph/Effectiveengineercom-is-content-marketing-...
Author's Resume https://angel.co/edmondlau
Author's Github https://github.com/edmondlau
Author's Quora profile https://www.quora.com/profile/Edmond-Lau
“ Many economists and bankers now realize that the amount of money in circulation is limited only by the demand for loans, not by reserve requirements.”
https://en.wikipedia.org/wiki/Money_creation#Credit_theory_o...