The real problem is that governments around the developed world gave up on building affordable social housing since the 70s. AirBnB investors just highlight the symptoms.
I'm one of those that save/invest 70% of their take-home income. It's not about frugality at all - I would gladly pay for an increased quality of life - but it's simply not on offer. Past a certain threshold, a…
A large reason is likely to double dip on the EV subsidies. Scoop 200,000 x $7,500 subsidies under the name 'Ford', then another fraction of 200,000 x $7,500 as partial owner and supplier under the name 'Rivian'
FSD occasionally requesting driver to take over in genuinely difficult situations would be completely fine. The videos in the Twitter feed are nothing like that. The car makes potentially catastrophic blunders, like…
Propulsive landing has been achieved routinely and with perfect precision since the 60s - Apollo's lunar modules, Lunar surveyor, Lunokhod rovers. The question has never been about the feasibility of landing the booster…
Battery manufacturing needs a lot of land, which is dirt cheap in Northern Sweden. Another activity that needs a lot of land is mining, which is one of the primary economic activities in the otherwise desolate region. >…
There's a lot of corporate fraud like this, even in countries that have a reputation of being well governed. I personally saw a respectable Finnish company leeching on government innovation funds, asking employees to…
The article echoes what General Jim Mattis commented on the topic of leadership in one of his interviews - (paraphrasing) decisions take an hour to make, the rest of the day is spent crafting the message to ensure…
Low fees - but only once you're in the crypto ecosystem. If you're after dollars or euros, the on-ramp and off-ramp at exchanges adds a comparable, if not higher layer of fees than existing payment mechanisms, kind of…
The trained model is a guarded treasure. There's a reason why very few ML papers publish their trained models; or Deepmind/OpenAI never releasing the resulting models - it's expensive to train the network, but cheap to…
There are several reasons it's mostly a China-operation. Interestingly, it's a textbook example of deficiencies being the competitive advantage. #1 - China's electricity grid is not very efficient at distributing, which…
Expressing the energy consumption in electric vehicle mileage makes the numbers more tangible. 500kWh is ~3000 kilometers of range for a mid-sized EV, or enough to move a family across the whole continent. Just to shift…
In other words - different business environments create different equilibria. In Chinese/Soviet/1920s America equilibrium, with an insatiable demand for construction work, the profit maximizing behavior is to be done…
The reality is even worse. The article depicts the operators as middle-men piggybacking on the tech expertise of vendors like Ericsson or Nokia. Unfortunately, the vendors are subject to exactly the same pressures. The…
Panama has full right to set its own tax rates. Developed countries have full right to deny Panama's corporations from entering their markets, and even forbid their own corporations from dealing with their Panama…
I do share your skepticism overall, 5G is being pushed more aggressively than its value would warrant. But there are parts of 5G suite that are indeed valuable and go beyond the mere "moar speed" mantra. Network slicing…
Tesla's lineup is still great, but other automakers are closing the gap very quickly. And that's with the intentional market segmentation they have to do in order for EVs not to look too attractive compared to their ICE…
They're not islands in a strict geographical sense, but there are a dozen or so countries which are de-facto islands for any practical purposes - accessible only through large bodies of water, with land borders mostly…
Sorry, that's just not how it works. What makes a card good at gaming (floating point operations per second) makes it good at mining, and vice versa. If the price/performance of the gaming variant is more favorable than…
Had this been about diversifying their future income streams, the most efficient way would be the most boring one - buy yet another 1% of everything. Pouring tens of billions into startups with questionable business…
As Solow put it - "once you have begun to think about economic growth, it is hard to think about anything else". After reading a lot of economic literature on this topic, my gut feeling is that endowments trump policy.…
How much value can you get our of Reddit heavily depends on which subreddits you subscribe to. r/news or r/politics is a cesspool. r/askhistorians is pure gold. Hobbyist subreddits are extremely valuable - discussions…
On Android, Reddit client RedReader is a great showcase of how pleasant and responsive modern applications could be, had they not been hobbled by tracking, ads, in-app purchase nudging, useless client-server roundtrips,…
A question out of genuine curiosity: Doesn't the nonce puzzle difficulty adjust to the amount of compute the network has, making it a zero sum game? If every mining pool buys 20% extra GPUs, isn't everyone soon back…
> Is what RH doing legal for a brokerage? At this point, nobody cares - Reddit found a repeatable distributed exploit that cannot be patched, and the financial system's self-preservation instinct kicked in.
The real problem is that governments around the developed world gave up on building affordable social housing since the 70s. AirBnB investors just highlight the symptoms.
I'm one of those that save/invest 70% of their take-home income. It's not about frugality at all - I would gladly pay for an increased quality of life - but it's simply not on offer. Past a certain threshold, a…
A large reason is likely to double dip on the EV subsidies. Scoop 200,000 x $7,500 subsidies under the name 'Ford', then another fraction of 200,000 x $7,500 as partial owner and supplier under the name 'Rivian'
FSD occasionally requesting driver to take over in genuinely difficult situations would be completely fine. The videos in the Twitter feed are nothing like that. The car makes potentially catastrophic blunders, like…
Propulsive landing has been achieved routinely and with perfect precision since the 60s - Apollo's lunar modules, Lunar surveyor, Lunokhod rovers. The question has never been about the feasibility of landing the booster…
Battery manufacturing needs a lot of land, which is dirt cheap in Northern Sweden. Another activity that needs a lot of land is mining, which is one of the primary economic activities in the otherwise desolate region. >…
There's a lot of corporate fraud like this, even in countries that have a reputation of being well governed. I personally saw a respectable Finnish company leeching on government innovation funds, asking employees to…
The article echoes what General Jim Mattis commented on the topic of leadership in one of his interviews - (paraphrasing) decisions take an hour to make, the rest of the day is spent crafting the message to ensure…
Low fees - but only once you're in the crypto ecosystem. If you're after dollars or euros, the on-ramp and off-ramp at exchanges adds a comparable, if not higher layer of fees than existing payment mechanisms, kind of…
The trained model is a guarded treasure. There's a reason why very few ML papers publish their trained models; or Deepmind/OpenAI never releasing the resulting models - it's expensive to train the network, but cheap to…
There are several reasons it's mostly a China-operation. Interestingly, it's a textbook example of deficiencies being the competitive advantage. #1 - China's electricity grid is not very efficient at distributing, which…
Expressing the energy consumption in electric vehicle mileage makes the numbers more tangible. 500kWh is ~3000 kilometers of range for a mid-sized EV, or enough to move a family across the whole continent. Just to shift…
In other words - different business environments create different equilibria. In Chinese/Soviet/1920s America equilibrium, with an insatiable demand for construction work, the profit maximizing behavior is to be done…
The reality is even worse. The article depicts the operators as middle-men piggybacking on the tech expertise of vendors like Ericsson or Nokia. Unfortunately, the vendors are subject to exactly the same pressures. The…
Panama has full right to set its own tax rates. Developed countries have full right to deny Panama's corporations from entering their markets, and even forbid their own corporations from dealing with their Panama…
I do share your skepticism overall, 5G is being pushed more aggressively than its value would warrant. But there are parts of 5G suite that are indeed valuable and go beyond the mere "moar speed" mantra. Network slicing…
Tesla's lineup is still great, but other automakers are closing the gap very quickly. And that's with the intentional market segmentation they have to do in order for EVs not to look too attractive compared to their ICE…
They're not islands in a strict geographical sense, but there are a dozen or so countries which are de-facto islands for any practical purposes - accessible only through large bodies of water, with land borders mostly…
Sorry, that's just not how it works. What makes a card good at gaming (floating point operations per second) makes it good at mining, and vice versa. If the price/performance of the gaming variant is more favorable than…
Had this been about diversifying their future income streams, the most efficient way would be the most boring one - buy yet another 1% of everything. Pouring tens of billions into startups with questionable business…
As Solow put it - "once you have begun to think about economic growth, it is hard to think about anything else". After reading a lot of economic literature on this topic, my gut feeling is that endowments trump policy.…
How much value can you get our of Reddit heavily depends on which subreddits you subscribe to. r/news or r/politics is a cesspool. r/askhistorians is pure gold. Hobbyist subreddits are extremely valuable - discussions…
On Android, Reddit client RedReader is a great showcase of how pleasant and responsive modern applications could be, had they not been hobbled by tracking, ads, in-app purchase nudging, useless client-server roundtrips,…
A question out of genuine curiosity: Doesn't the nonce puzzle difficulty adjust to the amount of compute the network has, making it a zero sum game? If every mining pool buys 20% extra GPUs, isn't everyone soon back…
> Is what RH doing legal for a brokerage? At this point, nobody cares - Reddit found a repeatable distributed exploit that cannot be patched, and the financial system's self-preservation instinct kicked in.