tom-_-

If art has little value, why is the annual revenue for the global entertainment industry over $2 trillion? No one is being forced to pay for a Netflix subscription. The markets have spoken and have assigned it a large value. Whether you view art as frivolous is subjective, the numbers aren't on your side.

No, the author is saying the share of revenue the distributors (tech, music industry) are receiving is misaligned with the value they're adding. Compare content creators with a SWE. They both produce the product being sold, what percentage of the revenue should they receive?

Close relationships can having negative value and it's apart of the question (see parenthesis). Gaining and keeping a relationship are not the same but also not particularly relevant here since the purpose is to quantify the value of close relationships when making a rational decision. Parent to child, child to parent, spouse to spouse, etc relationships have very different value but if you've never had a child, then your estimations of value can only come from your own relationships or asking other parents.

Wrt to bailing on your child, many single moms and dads will tell you that's a thing, not a noble thing but it obviously happens. Also consider marriage, in the US divorce rates are around 40% and can cost more than half of your total assets, which is often far more than the cost of raising a child. In terms of expected value (depending on your income), more risky to get married than to have a child.

A thought experiment for those without children approaching having one from a rational perspective. What is the value of your closest personal relationship; your mom, your spouse, your pet etc? Let's say you have a choice, for that relationship to have never existed, meaning all memories (good and bad), and everything you've gained (and lost) from that relationship would be erased unless you paid a price. How much money and time would you sacrifice for that relationship to still exist?

Increasing human prosperity/reducing human suffering is largely a function of technological advancement, wealth distribution and avoiding wars. All of these require a large population of educated humans to drive forward and since yours will likely be educated, probably net positive.

I think people are reading this line the wrong way. The author isn't implying Instacart is as important as the transistor, that would be ludicrous.

He's simply drawing an analogy between the output of laboratories like Bell Labs that produce breakthrough scientic research and "economic labs" like YC that produce breakthrough businesses.

Yes, AirBNB, Instacart etc are breakthrough businesses in the sense that they disrupted long-standing and deeply entrenched business models. The ideas themselves are not extraordinary but building and scaling a business from zero often against much better financed competitors is no easy feat and takes a unique amount of persistence (and often good timing) to succeed.

CS fundamentals can be readily learned without obtaining a degree. If you don't think so, then you've never met a self-taught programmer and are probably (no offense) someone with limited professional experience.

The similarities in my experience between big tech (FAANG) and big non-tech are heavy process/communication burden, deep tech debt and perf review driven culture.

The main differences in tech are:

Engineers seen profit centers instead of cost centers, therefore treated/compensated as "talent"

Many (but probably not most) big techs are bottom up, much less common in non-tech

There is at least as big of a process and cultural difference between small startups and big co's.

You seem to be implying "software engineers" require much more than a business degree, in which case I believe you to be a young person (< 30) and I forgive your naivety and the trolliness of your comment.

SWE is not a profession that requires deep education in math and science, like a physicist or neurologist. Having anything beyond a bachelor's in CS is not worthwhile outside of maybe ML..maybe.

A person with business degree who grinds toy problems on LC will almost always do better on FAANG coding interviews than a CS new grad with no grinding full stop.

The degree is just a stamp for junior engineers to get their foot in the door, which is no longer needed once you have a stamp from a reputable tech company.

"You don't have to write any software to build and manage that production system."

It depends on the scale and complexity of your application. At some scale/complexity, it absolutely requires writing software because your IAAS provider doesn't provide you with automation that covers 100% of your operational needs and even they recommend using infrastructure as code tools to manage your infra.

If your production system is a CRUD service with 3 application nodes and a managed PostgreSQL instance then you do not need to write software to manage it. But if your application is that simple, then I'd suggest you probably don't need a software developer to build it (Wordpress, Wix).

Construction vs custodian is not a fair analogy because their training and evaluation doesn't really overlap. The training and eval for both "dev" vs "systems" engineers is very similar; most have CS degrees and have to do some leet coding to get the job. Devs generally need to be better at algos, systems engineers need better understanding of networking, os, system design.

The website is NOT a power plant, it's just code. In software, "operations management" is basically infrastructure automation, incident response and build and release. All of these require some software development or at least code literacy and familiarity with software development practices. If there's large overlap in technical skill between the operators and the builders, then it makes more sense to see them as the same but focussing on different problems.

Site Reliability/Infrastructure/Production Engineer typically have three focusses:

Managing and scaling "software infrastructure" (Kubernetes, cloud services, databases/caches, job/message brokers, etc). SREs tend to have expertise in these systems that generalist SWEs do not.

Incident response. Many production incidents are not caused by a bug in application code, but due to some cascading failure of some piece of the software infrastructure, often due to unexpected load, performance regressions or network/hardware outages. Because SREs have a broader picture of how the various pieces of infra fit together, they're best suited to start root cause analysis and determine whether it's an infra/code issue or some combination of the two.

Devops/developer productivity. Many SREs work on build/release systems, internal tools and enforcing best practices.

1. Dangerous means causing injury, not just death.

2. How many times has autopilot disengaged and would've caused injury without human intervention?

Blaming the technology for its misuses is always a dubious position to take.

The promoters of said technology (and it's misuses) will always argue that you could say the same about <actually useful technology> which allows <some bad guys> to do this <bad thing> and are you saying this means we should ban this <useful technology> ??!

They would argue this and they would have a point. Also, in an open democratic/non-surveillance state, you can't really ban a technology like this. Instead you focus on regulating the marketing of its misuses or launching information campaigns (I guess that's what you're doing).

Like cigarettes, pink-sheet stocks, multi-level marketing and gambling or any other large revenue sources that are either zero-sum or have net negative social impact, you're better off convincing the public of its dangers than pointing the finger at the underlying technology.

Ideology aside, shouldn't the fact that this hack exposed gigabytes of user data cause you to reconsider them as a reliable domain provider?

Why be concerned with domain providers giving personal information to authorities when Epik has already given it to the entire internet?

Arguably in the case of Theranos, profitability was a large motivator of the fraud but the markets probably have greater corrective forces.

I believe these are persuasive arguments to trust policymakers less but not to trust non-professionals more.

Your work may be exceptional but the signal to noise ratio on public forums especially on subjects that have been politicized is just too high.

I would be curious to see what solutions exist for quality peer review that doesn't suffer from group think. Possibly providing anonymity for reviewers and cash incentives?

So let's assume the science is bad, and policy is fraught with political motives, incompetence and distortion to persuade the public to behave in a way that policymakers assume (right or wrong) is in the collective benefit.

Now let's assume this has always been the case. At what point, do you ever trust a vaccine or public health policy in general? Whether it's a vaccine for polio, rubella, hepatitis, etc. at some point does the collection of bad science become voluminous enough to somehow equal good enough science?

If you believe data integrity issues are extreme, there's no way to calculate risk of vaccine vs no action. Your decision would depend on whether you trust your own research over the official policy.

But given that most of us have no formal education on the subject, no resources to conduct more accurate studies, no access to primary data sources, nor an educated peer review group to critically examine our analysis, the chances of major flaws and biases seems quite high.

The paper shows employment elasticity wrt to wages is very low (Table 4, 5 page 50, 51).

Sure, many workers would choose the less labor intensive Target job over the shitty Amazon warehouse job for the same wage but in many of the warehouse locations, there is simply not that much demand for low-skilled labor, otherwise the market would bear that out.

Also, Amazon has more opportunities for career paths/upward mobility than a local Target/Home Depot.

It can be a political stance, but that's for the commenter to decide, not you.

It is a legal truth. Uber is not legally responsible for providing FT or benefits period. You can argue they should be but as you pointed out, regulation is the responsibility of the government, not Uber.

Do you know how threaded comments work?

Something tells me that a user named "BTCOG" is not here to provide rigorous objective analysis but okay lets attack the strawman.

The number of bitcoin addresses with a balance is 30 million. The number of bank accounts is in the billions.

As you said, BTC is two orders of magnitude less efficient than banks assuming mining provides the same value to people as ALL of the services banks provide including loans, savings, and money transfer which IT DOES NOT.

As a content creator, you want the platform to protect your copyright and at YouTube's scale, copyright scanners are the only way to implement this.

Will they produce false positives? Of course. Do the benefits to content creators outweigh the costs of these false positives? Yes if you believe creative content should be protected.

The only other viable model for content creators are subscription based services like Patreon and they have/will also be pressured by the entertainment industry or even the content creators themselves to flag copyright infringement once the platform gets large enough.

What value does crypto provide to those groups you mentioned, that cash cannot provide? If the answer is, it allows them to break laws then yes by definition they are criminals. You can argue that some of these laws are unjust, sure but that's tangential to the question. The value of crypto by volume is largely for speculative bets and criminal activities.

What you described as the ideals of crypto maximalists largely applies to fiat currency. Individuals "own" their own USD, are able to share and use as they please within the bounds of legality.

Not sure what it means to "censor" currency, but if they consider governments' economic stewardship to be foolhardy, why would they consider the wisdom of miners, programmers or the crypto's regulating body to be superior?

What's left is the question of legality, anonymity lets users skirt the government's laws, which has value to basically criminals.

1. Startups are a crapshoot, success is very unlikely. Treat it like a bad beat in poker or not buying $gme options at $10/share

2. Did you exercise your options?

3. How far/likely is the startup to exit? You're likely better off financially working those years for an established publicly traded company

There is no "they".

WSB is a public subreddit. Traders, pms, hedge fund guys all participate and win often bigger because they have more to play with. They pump and dump and ride the emoji rockets like everyone else.

There are only the winners, which include the $60k/yr nurse, the $600k/yr FAANG principal, and the $6M/yr Senior PM who timed their call options right.

And the losers which include the same but timed it wrong.

The engineers and finance folks who lost will have a bad week. The lower-middle income earners will have a bad year.

Society has subsidized coal by both paying for negative externalities and through direct government investment, which is true for all waste producing energy sources.

This is orthogonal to OPs claim that "we subsidized solar until it was profitable is not accurate"