evergrande (u/evergrande)

evergrande commented on Harvard won’t require SAT or ACT through 2026 as test-optional push grows washingtonpost.com/educat... · Posted by u/ren_engineer

evergrande · 4 years ago

Contrarian opinion:

Harvard devaluing their diploma is good because smart people will get off the credential treadmill and do something productive instead.

evergrande commented on Worker pay isn’t keeping up with inflation axios.com/wages-inflation... · Posted by u/paulpauper

temp8964 · 4 years ago

I think the most recent experience on inflation is very clear on this. The government reported number is 6%. But for people who spend most of their money on daily items, like rent and grocery, 6% is like lying to my face telling me red is blue.

evergrande · 4 years ago

The number is way low. Housing/rental costs are the largest expense and that's up 20% in many places. Used cars are up 40%.

evergrande commented on The Third Web tante.cc/2021/12/17/the-t... · Posted by u/omnibrain

maxwell · 4 years ago

In this latest round of defensive anti-web3 posts from established technologists, I've been looking for mention of Tezos, CleanNFTs, HEN, Cardano, Algorand, Hedera, Harmony, Dragonchain, etc. but instead get tired critiques of BTC, ETH, and OpenSea that have been made over and over for years now.

Yeah, Bitcoin/Dogecoin and Ethereum aren't viable, but what about the newer/better tech?

http://blockchain.cs.ucl.ac.uk/wp-content/uploads/2021/11/UC...

evergrande · 4 years ago

See also Polygon (MATIC), ZK-STARKs. And ETH 2.0 is due next year.

evergrande commented on Cryptocurrency scams cost owners $7.7B in 2021, driven by DeFi-based “rug pulls” blog.chainalysis.com/repo... · Posted by u/thm

BoppreH · 4 years ago

This is my biggest complaint against cryptocurrencies in general.

I'm happy with my bank's fraud protection. How can crypto users protect themselves without recreating traditional banking?

Bitcoin was released ~13 years ago, and wallet/transaction security has been one of the most important requirements since then (along with scalability, but let's not go there). If trillion dollar market caps and god-knows-how-many billions of investment couldn't figure out how to protect consumers after 13 years...

evergrande · 4 years ago

Granted, but every new technology goes through this and the tools and best practices are improving. The code is open source too. I don't know why people, technologists especially, aren't recognizing this.

It's also worth examining the current system. How happy are you with your bank's 0.01% interest rate? Which is actually negative when you factor in inflation that's eroding the value of our dollars faster than ever, and increasingly transferring wealth to the top 1%? How happy are you about bank CEO compensation and bailouts? No one in crypto is asking for a bailout, even when it crashes 80%. And what about the fact that bank's charge poor people the most or flat out deny service? Or the fact that it's all closed source and behind closed doors.

evergrande commented on Web3 is going just great web3isgoinggreat.com/... · Posted by u/hnbad

evergrande · 4 years ago

Anyone want to do a web2isgoinggreat.com version of this?

evergrande commented on The web is fucked thewebisfucked.com/... · Posted by u/decrypt

AnIdiotOnTheNet · 4 years ago

> Web 3.0 is basically putting all the things on blockchain.

> Yeah, fuck that. Fuck blockchain. Fuck Meta. Fuck Zuck the schmuck. That’s all I have to say about that.

To expand upon this, I have yet to see a single thing a blockchain solves other than moving money around (usually from the scammed to the scammer). Web 3.0 is doubling down on what made Web 2.0 so shit.

evergrande · 4 years ago

Web 2 is centralized big tech serving ads. You are the product and you own nothing. They own your content and can change the rules at will (https://www.nytimes.com/2021/12/13/technology/instagram-hand...).

Web 3 is nothing like that.

evergrande commented on Better.com CEO Vishal Garg steps back as employees detail how he ‘led by fear’ techcrunch.com/2021/12/10... · Posted by u/myth_drannon

lkrubner · 4 years ago

I addressed this issue directly on page 151 of How To Destroy A Tech Startup. I've just posted some photos of 151/152, if you'd like to read that:

https://demodexio.substack.com/p/psychopaths-versus-good-bos...

evergrande · 4 years ago

Thanks! Your formulation makes a lot of sense.