Have you ever seen US GDP go up 5% yearly for several years?
That’s the bet! last time we had that growth was for a few years during the dotcom, followed by a lost decade of growth in tech stocks
Readit Newsmatthewaveryusa commented on The AI boom is causing shortages everywhere else washingtonpost.com/techno... · Posted by u/1vuio0pswjnm7
Again, many comments here saying I only care about the money, and while comp is an important factor I think it characterizes me as someone I'm not, and forgets what I've been doing for the past two decades. I've spent thousands of hours of my life writing textbooks for roughly minimum wage, as I want to help others like me (I came from nothing, with no access tech meetups or conferences, and books were the gateway to a better job). I've published technologies as open source that have allowed others to make millions and are the basis for many startups. I'm also helping pioneer remote work and hoping to set a good example for others to follow (as I've published about before). So I think I'm well known for caring about a lot of things during the past couple of decades.
I think it’s not about compensation or passion, but something a bit more abstract.
I’ll give it a shot; I think you’re successful in what you do and very altruistic and open, not only in your discoveries but also your opinions. You also have a higher sense of duty. as oscar wilde once said, we’re all in the gutter, but some of us are looking at the stars. compensation is boring gutter talk. It’s hard for people to reconcile your benevolence with your success, and just as the trope of joining a company to change the world is a veil for making money, so is the trope of criticizing the agent of change entering an industry because the industry is bad.
Personally I can’t wait to read about the inefficiencies you find and have a little glimpse into openai tech from your opinionated point of view.
The example he gave of GDP metrics going up when banks underpay interest on savings was wild. “Wow, these customers are effectively paying billions to the banks by accepting low interest rates, they must be receiving so much value in return!!”
I have a rolodex of quirky contrarian facts I like to whip out at dinner parties and this one is definitely a new one I'm adding to the stack. I'm still shocked at the mental gymnastics needed to make it sound rational, but from an economist's perspective it's the "rational actor" argument. "Surely they must love the service, why else would someone settle for less?"
I really enjoyed reading this. it jives very well with my sentiment. When you go to a grocery store and see the stacks of sodas and chips while our country has an obesity epidemic, you need to wonder if the sale of these products should count towards or against our economic wellbeing. If products can have positive value, surely products can have negative value as well.
In an absurd way, if you were obese and bought a 12 pack of soda and a bag of chips, rationally it would be more valuable for you to throw the products away instead of consuming them. similarly an alcoholic that buys alcohol is doing a negative purchase.
gambling has zero silver lining — its straight up negative value.
And then there’s the leverage per dollar aspect of our economy. If the average american is convinced they need an enormous car, gigabit internet, and streaming services, then yes our economy will be growing, but with things that aren’t fundamentally changing our well being.
Give me child care, healthcare, great education and more leisure time, not a gambling addiction, larger screens and diabetes.
Surprisingly I tried to look at economic indicators that tried to quantify growth aligned with some subjective societal wellbeing metric and couldn’t find anything serious
Somehow Apple maintains this perception that they make money on the hardware and therefore are trustworthy because they don't have any interests hostile to their users.
But when you look at what's really happening it's clear - they have a highly hostile interest to their users - they want to lock them into the ecosystem and then rent seek like crazy on services that their users have almost no choice but to buy.
This is why I love Apple products but I only buy the open ones that leave me choice to do what I want - which pretty much means I'm only buying Macbooks these days.
Can you elaborate? I own an iphone and pay for zero apple services. I imagine you’re thinking icloud? I have my phone backed up on the 5 gigs they give for free. photos is where data gets heavy. I previously ran things on google photos and paid, but recently moved to immich — either way it’s zero bucks for apple.
wrt hostility: they’re the most privacy focused phone provider out there (which is why they can’t produce an llm from user data)
realpolitik time folks:
First do a left-right on the link that Aurornis posted [1]. Notice the extra fat in the chin, the elongated ear, the enlarged mouth and nose, the frizzlier hair, the lower shirt cut.
You hate it. You think, intellectually, that this shouldn't work and surely no one would have the gall to so brazenly do this without the fear of being caught and shamed. And then you think, well once the truth is revealed that there will be some introspection and self-reflection on being tricked, and that maybe being tricked here means being tricked elsewhere.
Well someone, in an emotionless room, min-maxed the outcomes and computed that the expected value from such an action was positive.
And here we are.
https://apnews.com/article/fact-check-levy-armstrong-crying-...
> The only reason the IMF hasn't taken the reins of France yet is because France has the nuclear weapon and is the only country in the eurozone to have it, so they have some leverage with the other countries in the eurozone.
First of all IMF has nothing to do with the Eurozone. And second of all, we are Europeans. We don’t threaten to bomb our neighbors if they don’t give us what we want. That’s just a Russian/American thing.
Only for the past 70 years. Before that europeans were the bomb-lobbing record holders.
Did you use antioxidant paste on all of the aluminum terminations? If you didn’t, please pay an electrician to come fix it. If you did apply the paste, you are in the 0.01% of non-idiot non-electrician homeowners and can skip my rant about homeowners doing electrical work in the next paragraph. I sell electrical work and have seen some incredibly poor work done by homeowners.
Do not install aluminum wire if you are a homeowner unless you already know enough to use antioxidant paste and also to use a torque screwdriver or torque wrench for terminations and know where to find the torque values for the wiring devices you are using. If you don’t apply the paste, the surface of the aluminum will oxidize and could catch fire due to increased resistance.
I suggest not even touching copper as a homeowner, but it’s your choice and your house.
I always read relevant sections of NEC, UPC, and firecode whenever I DIY. I find the code books to be very clear and thorough and really don’t understand the culture of fear mongering tradepeople have around code. Almost like the code is some sort of mystic hydra only a tradesperson can comprehend. it’s really not complicated: read it and apply it like a recipe.
FAFO* goes both ways. US is in an interesting spot. We have a 1 one-time reset button: Since we’re the reserve currency we can inflate out debt away at the cost of inflation. If and when we do that the world will pivot away, maybe, to another currency. At that point the great American tailwind will be over and we’ll have to be competitive at the global stage — interesting to see what that means, if anything.
As an analogy, imagine you’ve accumulated enough debt and bought yourself a house, a car, and invested in enough productive unseizable assets (very important), like a farm and whatnot, to sustain yourself. what’s the point in servicing your debt? If the only consequence is no one will lend you again, you already have everything so whatever, right?
I can poke a million flaws in this logic, but I _think_ that’s the megasupersmart move the current administration is gunning for. Hell do I know how it will pan out, but I have a hunch. FAFO I guess.
*fuck around, find out (◔_◔)
The funniest part is beyond the typo, the complete lack of physical intuition from the analysts who circulated this. 500,000 tons is roughly the weight of 1.5 Empire State buildings. If your rack busbars weigh more than the structural steel of the facility housing them, you have a geotechnical engineering crisis on your hands. It is wild that we reached a point where financial modeling is so decoupled from physical reality that nobody paused to ask if the floor would collapse.
Just to make it even more real: During covid I added a sub-panel and the wire (more like the sausage given the girth) between the sub-panel and main panel was aluminum because of cost. You just need to be a tad careful at the connection points with copper -- nothing a caring literate person can't handle