phphphphp

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391.
by phphphphp 4y ago
tell them immediately?
392.
by phphphphp 4y ago
I very much disagree. For people with anxious tendencies, this type of email is absolutely awful to receive, and consider that most of those let go will be at lower rungs of the company, so job security in the current market is going to be
393.
by phphphphp 4y ago
The worst possible way to handle it: 1. Tells everyone that they’ll get an email in the next few days about whether or not they’re to be fired — days of anxiety ahead for everyone, and even those who aren’t being let go will be looking for
394.
by phphphphp 4y ago
Market cap is not the sum of all injected capital, it’s the total supply multiplied by the most recent value of a unit. For example, if you paint 2 paintings and sell them to me for $100 each, and then I sell 1 of them for $1000 to a third-
395.
by phphphphp 4y ago
Difficult to say without knowing the OP personally, but in my experience, all of this can square. There’s complex dynamics at play that are a product of the genius developer mythology: someone produces a lot of code, the system becomes an e
396.
by phphphphp 4y ago
I’ve worked with people who could have written this post with the stats and how they consider themselves, but they were awful to work with. People didn’t challenge them because it was exhausting, because they knew best, despite their consta
397.
by phphphphp 4y ago
I don’t mean this as a slight against YC, but the world has changed and YC is mostly just a brand now. YC was unique in that 15 years ago the narrative around raising money was radically different: YC was the only game in town that understo
398.
by phphphphp 4y ago
A lot of the time there’s trade-offs that can be made that engineers don’t even consider because they’re not pure. For example, why do you need a one-to-one relationship between your customers and Stripe customers? I am guilty of it myself,
399.
by phphphphp 4y ago
I'm as cynical about Tether as any sane person, but it's important to disambiguate between value on an exchange and redeemable value. If USDT is $0.90 on every exchange, but you can still redeem 1 USDT for 1 USD from Tether, then
400.
by phphphphp 4y ago
If the algorithm is “give us assets more valuable than the claim we give you in return” is it an algorithmic stable coin, or just an asset with an arbitrary price? I’m unsure I understand how DAI can be characterised as an algorithmic stabl
401.
by phphphphp 4y ago
Do you have a source for the earnings figures? I can’t find anything — Heroku generating hundreds of millions a year feels like something that would be surfaced in the Salesforce financials.
402.
by phphphphp 4y ago
Most of it, but it’s not unique to the cryptocurrency industry, only the degree to which crypto is dumb money — many aspects of traditional finance are going down the same path, where it’s no longer professional against professional, but pr
403.
by phphphphp 4y ago
I disagree. Anchor was a dumb-money trap that increased the fallout of UST’s collapse by at least an order of magnitude, sure, but it was not responsible for the collapse: algorithmic stable coins are fundamentally flawed, they’re a perpetu
404.
by phphphphp 4y ago
tether have not been audited, their reserves are misrepresented, they introduced arbitrary redemption limits (100k) and all sorts of much worse stuff like losing money when their banking partners disappeared and backing tether with investme
405.
by phphphphp 4y ago
Market cap is not the sum of all money put in, but the total supply multiplied by the latest price. The entire market could, conceivably, be supported by only a few billion in real dollars. I won’t try and guess the correlation between USDT
406.
by phphphphp 4y ago
Principles are not absolutes, principles can evolve. Principles are not mandatory, people can operate without principles. I am arguing that Jack (and Elon) profess to be principled people (in this case, free speech) yet Jack is clearly demo
407.
by phphphphp 4y ago
Jack is showing that he’s unprincipled. He doesn’t shape his decisions around principles, he shapes his ostensible “principles” around his decisions. The question they (Jack, but also Elon) ask themselves is not “what’s the principled decis
408.
by phphphphp 4y ago
What examples do you have of major award winning journalism from the Trump years that was proven to be based on lies? There’s certainly been a lack of consequence on some things (like the tax leaks, which are still part of ongoing court cas
409.
by phphphphp 4y ago
I appreciate your point but it’s important we (being people working in technology) never accept or justify this behaviour. If a job is too stressful, quit. There’s no justification for talented, well-paid technologists to stay in a job that
410.
by phphphphp 4y ago
Yeah — house shares are a totally different prospect. For clarity, I’m talking about whole homes, as an alternative to renting — I thought that was the context of the discussion, sorry if that wasn’t clear!
411.
by phphphphp 4y ago
Where in the UK? I won’t go as far as to say it’s impossible that this is true, but I haven’t come across anywhere like that in the last year. Are you renting a full home or a room? A desirable location (a major city) or the middle of nowhe
412.
by phphphphp 4y ago
Their take, that WhatsApp has been ruined, is weird to me as a regular user of WhatsApp who has been using it for what must be a decade at this point. I don’t have a single complaint about it, and I’ve never heard a complaint about it outsi
413.
by phphphphp 4y ago
Very much not my experience in Europe. I’d happily live in Airbnbs full time if the price was +~20% long term lease but in my experience the price is >100% even for 1 month stays. The problem, at least in Europe, is that so many Airbnbs
414.
by phphphphp 4y ago
options are so often unevenly distributed and eventually diluted to basically nothing that this is probably a better outcome for employees who’ve remained with the business. They only have ~40 employees so if the sale price is ~150m, that’s
415.
by phphphphp 4y ago
I don’t see how they can win, as quoting an amount is a negotiating strategy that I’ve personally seen and used on both sides: if they were to win, it would surely have far reaching implications across the business world.
416.
by phphphphp 4y ago
You'll find most accountants have their own software expectations, i.e: saying to an accountant "you must use Freeagent" won't work, they dictate the software and workflows, not you. If you expect to switch accountants,
417.
by phphphphp 4y ago
Sorry, for clarity, I mean tax minimisation of existing liabilities. You (based on your description) do not have an existing liability that you're looking to minimise, rather, you're looking to minimise future liabilities. Propert
418.
by phphphphp 4y ago
The majority of complications when going through a process like this come from tax considerations: if you're not taking this action as an immediate tax minimisation strategy, you do not need to worry about things like goodwill valuatio
419.
by phphphphp 4y ago
The lesson is that education is not one size fits all, something we’ve “known” for a long time: anyone predicting online is the future (or isn’t the future) is missing out on that crucial piece. Online should be the future for people who gr
420.
by phphphphp 4y ago
You can have literally infinite numbers of people working on things that might seem like they don’t need that many people from the outside, because every organisation is very different. If you walked into Twitter, and spoke to people, you’d

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