phphphphp

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31.
by phphphphp 4y ago
That’s not necessary though unless we are to believe that a meaningful amount of money has disappeared. The FDIC offers insurance with a limit for a reason, it’s a fantasy to believe that the FDIC are going to invent a brand new standard of
32.
by phphphphp 4y ago
“If you receive a late paycheck, California Labor Code 210 requires employers to pay a penalty of $100 for an initial violation.” Severely is overselling it.
33.
by phphphphp 4y ago
Maybe it’s not fair to compare Garry Tan to sama in this situation because Garry is the current president and sama is the former, but, it’s nice to see sama’s measured response compared to Garry’s. Garry is shouting from the rooftops that m
34.
by phphphphp 4y ago
HelloFresh have outlived many others but they aren’t long for this world either. They’re still spending huge amounts of money on marketing which isn’t converting to long term customers. There’s definitely a market for these type of food box
35.
by phphphphp 4y ago
I’m not sure I follow. Circle don’t hold tens of billions of USDC: USDC is minted when they receive USD at a one-to-one ratio. What coins are you proposing they burn? If there’s $10bn USD missing they’d need to burn $10bn USDC.
36.
by phphphphp 4y ago
The laws exist to protect employees, not to discourage employers from employing. Setting the precedent that a shareholder in a company is at risk of losing everything because a bank that their company uses fails would have a very negative i
37.
by phphphphp 4y ago
I am presuming the employers operate in good faith, that is, they are open with the employees about the situation — it would be hard to keep this a secret given it’s major news. If your employer said to you, “we are caught up in this, we ar
38.
by phphphphp 4y ago
it’s not as simple as is being suggested. The corporate veil can be pierced in cases of wage theft where the corporation has been used for nefarious means. There’s no evidence that being unable to make payroll because of a bank collapse com
39.
by phphphphp 4y ago
8% represents, what, a month of runway for most startups? That’s not an extinction level event, it’s a stubbed toe.
40.
by phphphphp 4y ago
A company spending millions of dollars per year on payroll will have the relationships necessary to weather a storm like this. SVB made some very poor investment decisions but they didn’t light the money on fire: it’s not going to take year
41.
by phphphphp 4y ago
You’re conflating the amount insured and the amount that will be recovered. SVB has failed as a bank, it hasn’t failed as a place to have money. The money still exists, and while there’s a hole created by recovering immediate access to that
42.
by phphphphp 4y ago
Garry has an incentive to say the sky is falling because the sooner this is resolved the less pain it’ll cause, but to say this is an industry extinction event is a stretch. Even if the extremely unlikely scenario plays out and companies ar
43.
by phphphphp 4y ago
Sounds like you have a ready-made customer base for a bank in crisis.
44.
by phphphphp 4y ago
Sure, and everyone knows that their favourite person in the world could just run them over in a car and kill them in seconds, but if your best friend says to you, “you know, I could drive my car into you and you would die… your life could
45.
by phphphphp 4y ago
Perhaps a dumb question but container breakouts are a problem for all sorts of services which have been addressed in different ways. Since your goal is not to prevent container breakouts but rather securely run third-party code, why did you
46.
by phphphphp 4y ago
Security is layered. A backup code is only useful with the password, and your password is only useful with a second factor. You can be fairly liberal with storing your backup codes: make a couple of copies, keep them in secure places (one a
47.
by phphphphp 4y ago
The site has been pretty unstable recently. The headcount cost reduction is worth much less than the additional cost of lost ad revenue + interest payments. Twitter was break even pre-Elon and is now down billions per year.
48.
by phphphphp 4y ago
That’s a paper with very carefully selected examples. The point I’m making is not that this will never be possible (it will) but rather it is not happening right now and this article is just victims and journalists doing exactly what all sc
49.
by phphphphp 4y ago
I doubt this story is true. That’s not to say this specific scam doesn’t happen, it does, this exact scam — stuck in jail, stuck in a foreign country — is rife across all mediums, but the sophistication required to introduce artificial is n
50.
by phphphphp 4y ago
I don't know if they've evolved their approach, if my local store is an outlier, or if yours was an outlier, but I live near an Amazon store and go in a few times per week: the experience you describe doesn't match my experie
51.
by phphphphp 4y ago
Muscle memory. Thank you, fixed.
52.
by phphphphp 4y ago
You don't go in cold, you go in warm. Building a product in an industry you aren't familiar with is very difficult and even if you can get companies to talk to you, you're not going to be well positioned to truly understand
53.
by phphphphp 4y ago
> [...] just being normally capable of speaking [...] I think you may be confusing a medium (speaking) with communication itself. Successful communication is as much about the choice of medium as it is what you're communicating. Com
54.
by phphphphp 4y ago
An ability to communicate is the bare minimum to be effective in almost all jobs. A team of mediocre anythings who communicate effectively will achieve more than a team of exceptional anythings who communicate poorly. The way you’re charact
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by phphphphp 4y ago
I’ve been around rich people, I’ve been around poor people. I am fortunate enough to be well off today but that’s not where I come from, I grew up around people in poverty. There are rich people who are bad with money, there are poor people
56.
by phphphphp 4y ago
The lesson there should be that projects get funding when they have advocates. The importance of a project to the world means nothing: it’s the importance of the project to people willing to fund it . Your co-workers should feel empowere
57.
by phphphphp 4y ago
I’ve recently started working on 2 legacy codebases, one with tailwind and one with scss. The #1 problem — that has cost me multiple hours! — is inheritance, because how developers write CSS and how business people think about design are ve
58.
by phphphphp 4y ago
You’re about to get Dropbox’d: https://news.ycombinator.com/item?id=9224
59.
by phphphphp 4y ago
The "all lottery winners end up broke" meme is just that, a meme. Likewise, the idea that the lottery is a tax on those who are stupid or in poverty is a meme. There's lots of people who participate in (and win) lotteries who
60.
by phphphphp 4y ago
it's not a policy suggestion, it's a rhetorical device. If you pick a person in poverty, and give them a million dollars, they'll probably escape poverty and probably go on to live a prosperous life because poverty is caused

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