cheetos (u/cheetos) - Readit News

cheetos commented on Interview with Mr. Money Mustache blog.ycombinator.com/dont... · Posted by u/craigcannon

I suggest just reading MMM. It's all about savings rate. As an example, I live in Brooklyn, NY (one of the most expensive places to live in the U.S.) In 2016, I spent $32k ($24k was rent!) Assuming a $50k income, that'd be a ~36% savings rate, which requires a 23 year career.

Assume someone making $50k lives in not NYC, I imagine this scenario could be a lot better.

For a more extreme version of MMM, read http://earlyretirementextreme.com/. This guy (Jacob, who MMM mentioned in this interview) never earned much money (never over $50k prior to becoming financially independent), and retired after working 5 years. With a little creativity, most people can retire far sooner than standard retirement age.

cheetos · 8 years ago

> In 2016, I spent $32k ($24k was rent!) Assuming a $50k income, that'd be a ~36% savings rate, which requires a 23 year career.

Assuming a $50k income post-tax

cheetos commented on Developer UX at Google medium.com/@taodong/how-i... · Posted by u/mswift42

DanBC · 8 years ago

Comments are often toxic, and there doesn't seem to be a way to fix that.

It's impossible to know without watching something whether it's full of swearing or homophobic / misogynistic / transphobic hate speech.

Ads are not targeted to the actual viewer, but to some combination of regular browser user and main youtube user. this means that children will be shown ads for alcohol or gambling. (note this goes against what Youtube says here about complying with local law: https://support.google.com/adwordspolicy/answer/6012382?hl=e... Note that this is something all ad networks get wrong, and it's likely they're going to see regulation in the uk at some point if they don't fix it.)

It's hard to know before clicking a link whether it's sponsored content or not. (in the UK sponsored videos need to be clearly identifiable before the user clicks the link or clicks play. in the US sponsored content needs to be clearly identified).

If two people (eg a parent and their child) watch Youtube the recommendations fail hard. If a single person watches youtube the recommendations are pretty poor.

cheetos · 8 years ago

The way to fix comments is clear: human moderators. Since this can't br automated (yet), Google doesn't do it.

cheetos commented on Three areas where self-driving cars will bring new opportunities medium.com/@patelaniket/s... · Posted by u/wglb

cheetos · 8 years ago

When I read this, I can't help but think of the enormous promises that came with the computerization of medical records versus the reality that we have today.

cheetos commented on Baltimore State Attorney Drops Dozens of Cases: Body Cam Shows Drug-Planting baltimore.cbslocal.com/20... · Posted by u/jseliger

unclebucknasty · 8 years ago

Funny, the machinations we devise to skirt the core problem, which is an increasing dearth of fundamental moraltity.

Look around.. Something's gone completely wrong. Everyone is angry and there is decreasing value placed on kindness and decency. In fact, selfishness is increasingly a virtue. Observe how POTUS behaves. I don't care what side you're on, there is nothing normal or healthy about that level of chaos, narcissim, and mean-spiritedness. Yet, this is the leader of the free world? It's a sad reflection of where we are.

We can set up all the incentives and disincentives we can imagine but, as the saying goes, "you can't legislate morality". Until we deal with that issue, we'll continue to see all manner of its manifestations.

cheetos · 8 years ago

America, since its founding, has been an experiment in extreme individualism over collectivism. We worship capitalism over all else. Even a whisper of government programs that help the poor are vilified as communist. Selfishness and immorality is a natural consequence of that. Things won't change until our culture completely changes.

cheetos commented on SoundCloud's Collapse buzzfeed.com/ryanmac/insi... · Posted by u/lxm

thinbeige · 8 years ago

I read this article few hours earlier when crawling through the new section. It's a surprisingly interesting piece from Buzzfeed but there's a lot of bashing of the CEO, the CTO and one recently hired senior for label relations (who seem to be really odd).

This is typical: SoundCloud was an iconic company, its founders worshiped and idealized. Once money runs out, people but especially former employees start to backstab, blaspheme and blame loud and clearly. Why not before? Now when everybody is hitting SoundCloud it's easy and risk-free to join the hate. All the NDAs they once signed seem to be gone? To be fired also means fire and forget for them.

I never believed in SoundCloud. The founders did a great job building a huge brand and DNA out of nothing but the business model is by design broken or to put it simply, you just can't do business with music labels.

Btw, where is Fred Wilson? The biggest proponent and investor of SoundCloud who didn't miss an opportunity to tell us that sound is the future stays silent and hasn't commented this tragedy once. A VC just for good times?

EDIT: Why the downvotes? Mind to share your view?

cheetos · 8 years ago

In my experience, it's likely that the founders' problematic behavior has existed from the beginning, but employees feared retaliation and thus didn't speak up until now, when they are safe from being fired.

cheetos commented on Life Inside Hong Kong’s ‘Coffin Cubicles’ nationalgeographic.com/ph... · Posted by u/johnchristopher

cheetos · 8 years ago

This is one of most unbelievably naive, immature, and truly ignorant comments I've read on HN. I sincerely hope you're trolling.

Put down the Ayn Rand fantasy novels and go meet some people outside of your economic bubble. Not everyone can be a software engineer in Western society. I'd wager you're about as responsible for your lot in life as these people.

Read about the history of the industrial revolution. Tenement life in NYC. Try to empathize. Develop some humanity and real perspective for Pete's sake.

By the way, no one is stopping you from living like that if you're so jealous. But it's clear you wouldn't last a day like that, you're all talk anyway.

cheetos commented on SEC Issues Report Concluding DAO Tokens, a Digital Asset, Were Securities sec.gov/news/press-releas... · Posted by u/uptown

Jabanga · 8 years ago

>Your personal autonomy is restricted by the government, massively, period, generally for everyone's own good. They decide what and how much medicine you can put in your body. Whether you can gamble, and where, and on what, and how much. What drugs you can take. What speed you can drive. Whether you must go to school or not based on your age. Which food you can buy at the supermarket.

These restrictions violate people's basic rights and are to the material detriment of society at large. The more of a regulatory burden is placed on an industry, the more dysfunctional, bureaucratic and nepotistic it is.

cheetos · 8 years ago

I truly hope that human drivers' "right" to drive at whatever speed they want is forever trampled by regulatory burden.

cheetos commented on SEC Issues Report Concluding DAO Tokens, a Digital Asset, Were Securities sec.gov/news/press-releas... · Posted by u/uptown

Jabanga · 8 years ago

Then we should limit who people can vote for, since voters are so easy to manipulate into voting against their own interests. The basic principles of liberal democracy assume that a person has an absolute right to make decisions for their own life. These kinds of restrictions are unconscionable restrictions on the right of free people to their personal autonomy.

cheetos · 8 years ago

There is simply a massive difference between the theory of democracy and its actual implementation. Your personal autonomy is restricted by the government, massively, period, generally for everyone's own good. They decide what and how much medicine you can put in your body. Whether you can gamble, and where, and on what, and how much. What drugs you can take. What speed you can drive. Whether you must go to school or not based on your age. Which food you can buy at the supermarket. What you are allowed to see on television. Where and when you may protest. What behavior is allowed in public and what is not. What speech is considered 'free' and what isn't. What machines you may operate and under what circumstances. Which financial transactions you may or may not participate in and the terms of those transactions. The type of home you build and it's specifications. Which countries you may or may not enter and under which circumstances. Whether you are allowed to work or not. It's just the way things are.

cheetos commented on Ways a VC says no without saying no unsupervisedmethods.com/1... · Posted by u/RobbieStats

jacquesm · 8 years ago

Well, I see both sides. VC is not the money printing machine that many people make it out to be, lots of VCs work hard, take tremendous risk and in the end end up with relatively little to show for all their effort.

2% of the capital under management is a lot when a fund is large but when a fund is small (say 50M) it translates to 1M of operating capital for a year when all capital is invested. That's only the case at the end of the fund cycle, the time before then there will be on average only half of that available. If a full process DD (legal, commercial, technical, financial) costs $200K then even a single failure will substantially eat into the operating capital for that VC and may in fact harm their ability to do future deals.

Not having empathy for the other side is not very productive, either from the VC's point of view or from the point of view of the start-ups. I've seen more start-ups that try to play tricks than I have seen VC's (but I've seen both).

cheetos · 8 years ago

Got it. Thanks :)

cheetos commented on Ways a VC says no without saying no unsupervisedmethods.com/1... · Posted by u/RobbieStats

jacquesm · 8 years ago

DD isn't exactly cheap. And neither is partner time, that's probably a more precious resource than money at your average VC.

A failed DD says as much about the VC as it says about the company, it more often than not translates into 'VC didn't do their homework', and it can really eat into the '2' of the 2 and 20, those DD costs will come straight out of the operating capital of a fund. Especially for smaller VCs this can really hurt.

cheetos · 8 years ago

Thanks for the detail. To me, that sounds like the cost of doing business as a VC, more than risk. Forgive me if I have a little less empathy for the other side :)