skysight-inc/HackerNews huggingface dataset:
> SBF himself has amassed more wealth in a shorter period of time than anyone else, ever. The 2022 Forbes Billionaires List pegs SBF’s net worth at $24 billion. He’s now 30 years old. But we get ahead of ourselves.

This is just gold.

Hopefully this all circus going down will also bring down all the phonies from VC companies like Sequoia Capital, guys (they're mostly guys, of course) who still live off the few successful bets they made in the early 2000s. We need fraudster-enablers like Sequoia to actually go bust if we really want for our industry to find its lustre again and for real innovation to come back.

Later edit: I've mostly gone through all of it, and I have to say that that that archived article is pure genius, it has copy-paste-ble gem after copy-paste-ble gem. It would most probably deserve its own, separate submission, on HN.

In a saner investment environment that sort of article, and the huge fraud the people behind it helped perpetuate by giving this SBF guy money (one of the Skype founders, really? the rationalist community, really?) should help bring some people down, and in so doing leaving our industry, well, cleaner.

But I'm pretty sure that nothing like that will happen, the small fries will be too scared to call these people out as fraudster-enablers, thinking that they might need money from them at some future point, the other sharks in the pool will behave like nothing has ever happened, hoping that the regulatory powers that be will move along, to say nothing of the politicians, after all, to quote Vox, SBF is "one of Biden’s biggest donors" [1].

To re-capitulate, one of the US president's biggest donors has just defrauded people out of $10 billion (that we know of) while some of the biggest figures/institutions in the US tech industry had stood behind him. Business as usual in the rules-based United States.

[1] https://www.vox.com/recode/2021/3/20/22335209/sam-bankman-fr...
Cannot wait for Michael Lewis's book at the incoming TV dramas. Absolutely riveting. It just gets better and better.
>With total power loss, they become completely uncontrollable.

* https://en.wikipedia.org/wiki/Marske_Pioneer

Note that this entirely powerless aircraft with a fairly high aspect wing and no tailplane first flew in 1968. Something that is basically a blob would be a lot easier to make inherently stable.
I think he's been pretty against anything that doesn't treat workers as automatons.
I'm trying to understand, is this comment a response to him ending remote work, or is this related to something else?

If it is the former it is really uncalled for and downplays the struggle of African Americans in the United States.

(Work at home, used to work in an awful office, still nowhere near slavery)
> it's more like Musk realizes he bought a company that was in a lot more trouble than anyone out in the public can understand

Or he bought a company and by doing so placed it in a lot more trouble than it was previously.
I'll bet they lost 90% of that money in the last 7 months. They were probably doing fine during the bull market.
I am reading a bit more about this. In a similar case, where Fair Trials intervened, they made this submission: https://www.fairtrials.org/app/uploads/2022/03/FT-interventi... . In the submission there are these sentences:

> Law enforcement authorities may compel suspects to provide the passcode to their mobile device under threat of a legal sanction pursuant to Article 434-15-2 paragraph 1 of the French Criminal Code, [...]. The request must be
sanctioned by a judicial authority.

What is this sanction by judicial authority? A court order? Can it be appealed against? Can i get a lawyer participate in the hearing for the sanction?
Why doesn't that apply here?
Right, I guess the gemini browsers I tried did not display them inline.
It's interesting to compare his setup for writing to a modern day setup for coding. I think there is a lot to be said for the little cues that give your mind the prompts it needs to know that you are "working". Clearly his setup helped him really get in the zone and it's interesting to see a 80's version of it.
$8 a month is ridiculously overpriced.
Or Tesla for their union stance, which famously halpened more than knce over the last two years?
I had a tough day followed by a headache - this made my evening.

Thank you.
Well, what we saw was the guy stealing $8B to keep the plates spinning. Hope he goes to jail.
Ah yes. Little is known about apartheid-era SA but the one thing we all know is that when you were fired, they paid you for 2 months and provided healthcare.
> credit cards were probably only 60-70% of payments

Do you think it's still that way today? I really have no idea. I worked grocery 20 years ago and remember being amazed how many people pay cash. I can't remember the last time I've seen someone pay with a check at the grocery. I see cash here and there, but mostly credit or tap. But I have no idea what the breakdown would be.
Past decade. Bootstrap is 11 years old.
It’s almost as if our existing financial system, built upon the lessons from hundreds of years, is worthwhile! :-)
I'm quite the fan of streamlit but do not love its way of handling state. The only way to have a semblance of state captured between browser refreshes in streamlit is through query params. Have you taken a bite at that problem in your framework?
Weird -- I signed up a few months ago, from what I thought was an HN announcement. But search doesn't show anything else here.

Anyway, great little website-maker!
Which is also why Canada enjoys easy politics about their border protection.

There are no tunnels or fence-jumpers between Lancaster and Tolstoi.
> If they are willing to learn, and I need a cheap, entry level lawyer, why not?

I am all for letting people to learn on the job. But I, personally, would rather not risk it, knowing that the difference between them "learning as they go" and already knowing it might end up making the difference between me walking free and ending up in jail.

If it was something more trivial and with much lower stakes, like a traffic violation ticket, then sure, I wouldn't be so opposed to a lawyer that is figuring things out as they go.

Also, I think you might've missed the point of my original comment. It is one thing when a lawyer might not know something due to still learning their stuff, and another one when it is clear that they arent willing/planning to do so. If someone still uses fax as their primary mode of communication and refuses to use computers altogether in 2022, I have a feeling that it isn't due to them still trying to get the hang of it.
KFC apologises after German Kristallnacht promotion - https://news.ycombinator.com/item?id=33547031 - Nov 2022 (16 comments)
not likely, subscriptions are very mature on YouTube and still only make up a tiny percentage of revenue. MKBHD did a good video breaking this down across other social networks https://www.youtube.com/watch?v=I1qsF0WQy8c
Now imagine McDonald took a $10B+ loan and based on the collateral of the gift-certificates it has printed but hasn't given away. Because that is what is happening in crypto afaik.

I think this part probably didn't happen in real word before ...or did it? (hoping it didn't)
Sequioa, who invested in FTX quite loudly, reported to their LPs that they only lost 150MM in their fund that had 7.5B in realized gains. Going off their letter they took 5B and turned it into 12.5B for a return of 150%[0].

After this spectacular blowup barely put a dent in their returns, why would LPs demand anything? Sequioa will just tell them "hey it's the name of the game, there are some losers who go bankrupt and winners who return the entire fund several times over".

If Sequioa took a massive markdown on FTX that would be a different story. However they came out unscathed and looks like they are managed well despite fellating SBF quite openly. What would you even demand of them given that they didn't lose much money? They probably lose even more money on companies that end up just not being successful in the first place. You can't ask them to not invest in risky business, thats the whole point of VC.

[0] Could be misinterpreting the letter, they said FTX was 3% of commited capital, 150M / 3% = 5B, and they had 7.5B of realized and unrealized gains.
Got it. I was confused because the parent to your post suggested people are cool with storing money on the bank with 10% inflation. That makes no sense to me because when you convert it to cash, the inflation still applies.

As for negative interest rates, here in the Netherlands banks didn't dare to go negative, even if conditions would warrant it. Perhaps because it might trigger a bank run.
What is the best way to reach recently laid off individuals? I work in a similar space as Coinbase and there's openings that may be a perfect match for some of them.
> What was the origin of the idea that the Unix philosophy is "do one thing and do it well"?

Relatedly: Brian Kernighan's Unix: A History and a Memoir was an enjoyable read.

https://www.amazon.com/UNIX-History-Memoir-Brian-Kernighan/d... (not an affiliate link).
Does FTX international have any US investors? This would be a theft of their funds too, right?
Both countries were rebuilt almost entirely by USA in the aftermath.
And how's that been going so far?
in that case it's good remote work won't be happening there. it's hard for remote workers to get organized.
Ironically, the Tesla robots would (with a VR headset) enable physical-thing workers to work remotely.
https://www.investopedia.com/terms/l/limited-partner.asp

The important bits: “A limited partner's loss from the company's operations may not exceed the amount of the individual's investment.” and “Limited partnerships are pass-through or flow-through entities. That means that all partners are responsible for taxes on their share of the partnership income, rather than the partnership itself.”.
AMD Launches EPYC 9004 “Genoa” Processors – Up to 96 Cores, Zen 4, AVX-512
I am not missing those options at all. It's just that the video is not the issue nor the way time can be spent at the company. If your metrics for evaluating performance is wrong that should be addressed before becoming adversarial to your employees based on a flawed perception.

And if there isn't enough work to justify a FTE, then again your metrics are bad. The forecast was not accurate enough. And the only way to know if that's true or not is to fix the formula, do the math again, and figure out the truth.

In both scenarios the employee isn't necessarily the problem, or even a problem at all.

And if we take a step back and evaluate the source material, it's a TikTok video. It's meant to be content. Do we even know if the employee is really only working 20% of the time? We aren't getting a 16 hour live stream here, it's short form content. The truth of the matter is heavily obscured.

It just seems like a bad idea to me to base you're business decisions around a TikTok video, especially when it's one that is adversarial to your employees. Instead, spend the time to understand the reality. Like we might find that the employee is actually working 90% of their workday. And then suddenly you're making decisions that never need to be made in the first place.

> I've worked long enough to know that the mean time for work completion (assuming C is not the predominant factor) is more than 20% of your work week.

Depends heavily on function. Plenty of roles are somewhat peaks and valleys of backlogged work. There might be times where some employees really can get their work done using 20% of their day, but then at a different stage they would need to use way more than 20%.
FTX let people withdraw 100% of the time until they didn’t.
Yeah but at least from the outside, to continue the metaphor, this seems like a CO taking over a struggling ship and deciding to just blow up all the ammunition in place. The ship needs to do something new, and this is something new, but it seems like it's just sinking faster now.
Well hold on. That seems to be begging the question. If a whole feature can be replaced by a web view (and the site is already there), is an app actually required?
it's too unpredictable to be a cycle
The conspiracy theory is the bands and venues also profit more from what ticketmaster does. Ticketmaster's raison d'etre is to be the punching bag.
What is the source for this conversation?
Hi,
on the locally running engine.
The FTC is free to investigate whoever they want, but if it only ends up being companies the White House opposes then that doesn't seem to be furthering the goal of increasing competition. There is the obvious bad behavior of cable companies in uncompetitive markets or the recent consolidation of movie studios or even car dealerships. I will reserve judgment until the FTC announces their targets.
As others have said, those who understand crypto either chose to be conniving and make money off of the scam, or they avoid it.

Mr. Taylor wanted to test if he could be conniving enough to profit and he turned out not to be (very few will be in the long run).
Your analogy actually supports not giving up a password: if you pretend to lose your keys, it's not illegal to avoid helping the cops find them.
Tesla's stock is down 30% the last couple of months. So my guess is it probably will.
India is directly bordered by their biggest rival that they have constant conflicts with.
We have plenty of numbers now that show the effects of lockdown on kids.

The effects are especially clear for the disadvantaged who struggled before.
Check out The Wonderful Story of Henry Sugar and Six More if you didn't read it when you were young.
Not especially. "Hey what's your personal email/phone number?" "Here's an invite to this private slack we've been meeting up on."
It’s been a few short weeks. He had to cut stuff (as others like Meta are) to ease the cost drain.

Give Musk a chance… guy knows how to build and grow companies
You're making the assumption that annualized revenue hasn't already dropped precipitously due to a loss in advertising dollars, and the bar for subscriptions to reach 50% is rapidly lowering.
I saw a stat recently that an electric car removes about as much emissions as a meter of road adds.

Electric cars are the most overblown response to climate change. They will help in a myopic way when comparing directly to combustion cars over several years (electric cars only start to save emissions somewhere between them being driven 6-24 months into their ownership), but I doubt it's much more than that and even possibly a net increase in emissions in terms of furthering the dominance of the car.

Elon Musk doesn't care about anything other than his ego.
Yep. It takes one to know one. That’s how I know.
> they would do something like shut down Amway

While I agree that Amway and other pyramid schemes (including most crypto) should be shut down, it's not because they're anti-competitive. They're fraudulent, which is arguably worse but certainly different.
Is that the only and mandatory way to unlock an iPhone? No passcode?

I'm defending against thieves so I'm using fingerprints on my Android (and passcode) but if I was defending against the law I'd go passcode only.
citing some evidence for all the people who are calling you out and accusing you of making up these claims against him:

> He calls himself a "nano-manager".

source: https://www.wsj.com/articles/electric-car-pioneer-elon-musk-...

> In conversations with 35 current and former Tesla employees, CEO Elon Musk is described as a polarizing figure who inspires but micromanages to an extreme.

source: https://www.cnbc.com/2018/10/19/tesla-ceo-elon-musk-extreme-...

> Elon Musk says remote workers are just pretending to work.

source: https://fortune.com/2022/07/20/elon-musk-remote-work-from-ho...
xmpp doesn't really have a core - even the messages are more or less an extension. The whole point of xmpp is "each to his own extend", so your "missing features" are in reality "nice addons that most clients have but if you'd like to bring your own homebrew that's fine too" which is how I think more networks should operate. Have the features, but gracefully fall back when the client's don't support them.
I think Lagrange (the fanciest Gemini browser I know of) has the option to do that.
Let people like what they like. Let people want what they want.
> Twitter used to be controlled by the blue tribe and now it was bought by a member of the red tribe.

This is so reductionist. Elon advocating for team red is one thing, him introducing a rootkit into Twitter (blue/verification without any actual validation of identity) and laying off half the employees to defray Twitter's leveraged buyout fees incurred by the buyout is yet another.

People are leaving because they're losing confidence he has a plan that isn't lighting the place on fire. In fact, DMs between Jack and Elon indicate that was entirely the plan - to promote Jack's BlueSky venture.
Wouldn't the new commander always say the ship is not running smoothly?
The only thing that ever happens on these scenarios, are that the skilled folks who are concerned about losing their jobs will move and Twitter will be left with the dregs who stay because they can't get a new job elsewhere.
I've been in turbulence with high roll rates and even as a pilot unbothered by moderate chop, it will cause me to sweat. I've been in the last rows of a 777 and watched the fuselage flex in chop. A blended body would be pretty rigid and have a very low wing loading because it's basically all a wing. So it would be pretty uniform.

It would work if all turns were managed via controls to be a 1/4g, otherwise riding the outside would be like a roller coaster.

I'd prefer to go back to the MD-80. Very high wing loading, fast and never broke down. Skated through turbulence.
>You really think the whole world changed that much in the past 3 years that you can lay down such a superlative?

Because 3 years ago people thought it wouldn't work. The pandemic showed it does.
A must-read before diving into asyncio:

Async Python is slower than "sync" Python under a realistic benchmark. A bigger worry is that async frameworks go a bit wobbly under load.
https://calpaterson.com/async-python-is-not-faster.html
or some sort of middle ground between these two manichean caricatures?
It seems quite easy to conflate complexity with anthropomorphism, because we see ourselves as the apex, of sorts.
Thank goodness COs can operate entire ships by themselves, otherwise they'd probably need some tact and grace to get the ship to its destination safely.
This sounds nice...but talk is cheap. Let's see what the FTC actually does before we get excited.
Oversimplification, but: Alameda made a lot of money on paper, kept mostly in incredibly volatile assets. Over the last week, it turned out that those assets were worth very little.
Also, table driven page layout, actual popup windows, DHTML[1] was a thing and applet tag hasn’t been deprecated yet.

[1]: https://en.m.wikipedia.org/wiki/Dynamic_HTML
Marissa Mayers and Yahoo in 2013:

https://www.theguardian.com/technology/2013/feb/25/yahoo-chi...

https://sg.finance.yahoo.com/news/marissa-mayer-defends-her-...
I'm sure he's expecting growth in both ARPU and total users.
If they end up doing software they probably hang out here ;) The other ones, I have no idea.
-- I was more scared of the "upcoming economic downturn" - how bad are people expecting this recession to be? --
HTML is based on SGML, and SGML has short references to handle lightweight custom syntaxes. For example, you can define that an asterisk appearing in your content within a <p> element is replaced by <em>, and moreover define that an asterisk appearing within <em> content is replaced by </em>, toggling emphasized text tags. So SGML very much acknowledges the need for lightweight markup, but the SHORTREF feature, like everything else requiring markup declarations, didn't make it into the XML subset of SGML.

HTML itself doesn't have these and other features (such as basic text macros) because SGML was understood to be available at least at authoring time.
Time will tell how it will work out but this sounds really horrible.
> What fundamentally does twitter do?

Twitter does content moderation. That's your primary product when you're a billion dollar advertising company with a content farm of 300M people - your product is that the Ford ad you just sold is not going to sit above or below an (actual no-foolin' not just political-pejorative) neo-nazi.
You would’ve been correct two years ago. We’re doing zero fractional reserve banking now. Hearing this should convince people that they should get their money out now, but nobody seems to care.
Yeah. As an individual, if you stop tipping, a large chunk of (North American) society will think you’re a cheap asshole who’s disrespecting your server and won’t care that you’re taking a stance against a larger issue.

There’s nothing wrong with ignoring those people. But I think the average person cares much more about social norms and being judged by others than the people suggesting to just stop tipping.
>In the current case it is like there is a password, it is known, it is needed to unlock a phone, not encrypted data itself.

I'm not seeing the distinction here. Don't all modern phones have encryption enabled by default, and the encryption keys are partly derived from the passcode?
If I had to guess: not everyone can buy this software and A/G are not wanted by the sellers. Even the usual customers (law enforcement) are not very likely to pass exploits to them, because their work would become more difficult.
Head of SEC Gary Gensler Was Colleague of Alameda Research CEO's Father
If I were to facepalm any harder I'd knock myself out... This is legit among the worst takes I've ever heard.

Edit - especially puzzling to hear since software has little to no marginal costs and is almost all capital costs and labour.

First of all, typical rent for a coffee shop sized space in a major city is around $8-10k per month. So factor that in.

Second, baristas don't get paid on demand... They get paid hourly times how many hours they work. In a tight labour market, assume $20 per hour times 8 hours per day for EACH barista. 2 baristas, that's $360 per day in labour costs alone. So you need to sell around 70 lattes per day just to break even on labour, nevermind rent or recovering capital costs.

So capital costs. A typical commercial espresso machine is $20k. But let's talk about the whole buildout. Coffee shops don't need a full commercial kitchen but there's still coffee machines, oven or panini, plumbing, electrical, decor, refrigeration, etc... So let's say $200 per square foot (versus $400 for a typical restaurant). Times let's say 2000 square feet. That's $400k. That needs to be recovered over the course of the lease just to BREAK EVEN. Nevermind to actually make the business worthwhile.

When you go for a latte or go out to eat you're not paying only the marginal cost of your product, you're paying for everything that went into making it possible to produce that product.

Honestly people don't deserve restaurants. Just make your coffee at home.

Edit - this is like thinking when you buy an iPhone you pay only for the raw materials, not all the investment into factories/equipment and engineers to make it work...
Maybe Hackaday and its forums
The author is lying. The source isn't actually a markdown document, the source is HTML (you can easily verify this by right-clicking and selecting "View Source")

It's actually quite easy to actually render markdown pages in a browser. Start with this:

<!doctype html><meta charset="utf-8"><script src="notes-all.js"></script><textarea>
## MarkDown *HERE*!!!!!

and "notes-all.js" contains something like this:

document.write('<link rel="stylesheet" href="css/style.css">'));
document.addEventListener('DOMContentLoaded', (event) => {
var m = markdownIt({'html': true, 'linkify': true});
var t = document.querySelector('textarea');
var d = document.createElement('div');
d.setAttribute('id', 'content');
d.innerHTML = m.render(t.value);
t.replaceWith(d);
});

followed by markdown-it source code