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ActsJuvenile

613 karma · joined July 23, 2016

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ActsJuvenile··on ReMarkable 2.0 – A digital notebook that feels like paper
I am surprised there is no discussion of alternative readers like Onyx Boox, which allow infinite customization through Android OS. Remarkable is a closed ecosystem with no third party apps.
ActsJuvenile··on Research Says Solo Founders Perform Better
Seems like the dataset behind this article is for founders who have built businesses with $5K MRR and above. $60K revenue (and $20K profit @ 33% margin) is a fairly low bar, so it is not surprising to see solo founders create 2.5X more businesses that clear this bar.

My question after reading this article is, do these solo founders manage to grow their business as large as founding-teams? How many solo founder businesses cross the $50M revenue mark?

ActsJuvenile··on Show HN: I built an After Effects for dummies
How many people do you have on your team?
ActsJuvenile··on I’m Peter Roberts, immigration attorney who does work for YC and startups. AMA
Hi Peter, what is your macro view on immigration trajectory in the coming years? Do you expect the hurdles and wait-times to keep getting bigger, or do you expect a softening should the presidency change hands?
ActsJuvenile··on Andrew Ng: The suspension of H1B is bad for the US and bad for innovation
Doctors vs Software Engineers are very interesting case studies in my eyes.

AMA (American Medical Association) has successfully lobbied congress to cap residencies at 100K a year, essentially restricting supply. Foreign doctors have to go through a gauntlet of exams, tests, and licenses that keeps market from being flooded with cheaper talent and diluting local doctor salaries.

Software Engineers have failed to unite like this, so the MS+FAANGs and consulting companies have lobbied for free flow of cheap labor under the guise of innovation. There are no board certifications, no licensing exams, and no restrictions on supply. This is why software salaries have been artificially suppressed for two decades.

ActsJuvenile··on Show HN: Web3Torrent – Adding Ethereum Micropayments to WebTorrent
Furthermore, downloading the Ethereum Blockchain, going through shady exchanges to buy ether coins, and maintaining a secure wallet is a much bigger headache than simply paying for Amazon Prime.

This is a nice tech demo but not of any practical significance.

ActsJuvenile··on Most tech content is bullshit
Software libraries, APIs, tools, dependencies have exploded exponentially since the early days of C language and a handful of Berkley/Bell libraries. I often use a dozen different things for my projects and the next project invariable needs a different roster.

Thus I want to voice my contrary opinion that it is okay to "consume" and not "create" for non-core parts of your project. Need to do dump an arcane data structure to a remote logging tool? Go ahead and copy paste that StackExchange snippet kings!

ActsJuvenile··on What Is the Most Valuable Thing You Can Learn in One Hour?
Some sincere feedback: LVT sounds a cooky concept that might solve inherited / ossified land ownership problem in the UK, but it seems to have little relevance to the USA. Land is plentiful here.

LVT might also reward families with liquid assets, while burdening lower-income families whose main asset is their house.

ActsJuvenile··on I'm one of the inventors of RSS and I need your help to reboot the Internet
I read through the entire pitch and I still don't understand what is special about Polar. There are a ton of apps that do all this and more in no particular order:

1) Xodo Reader 2) Liquid Text 3) Margin Notes 3 (AWESOME) 4) KOReader (Open source) And several dozen more...

ActsJuvenile··on Show HN: URL Canary – Get an alert when someone finds your secrets
Great project! I just found out that one creepy Safari extension is crawling every URL I visit.

Also Yahoo Slurp is crawling my email URLs. Sigh.

ActsJuvenile··on Patent trolls are shaking us down for selling “rubies” in our game
For the rest of the HN community, how do you fight patent trolls like these? How much does it cost ballpark to defend a product?
ActsJuvenile··on How black people still need to outwit racists in rural America
It's more about setting the tone. If top figures in the government and legislature take an inclusive stance and stamp out any racists issues, populous tend to pick up on that vibe.
ActsJuvenile··on Twitter Followers Vanish Amid Inquiries into Fake Accounts
Twitter is in a dire situation. As a fun project I wrote a Lua - Torch bot to search for certain tweets and hit like on them based on sentiment analysis.

I realized that API query results were mostly news bots, retweet bots, corporate PR bots, social media aggregator platforms like Buffer, and just plain old spam bots.

How bad was it? After filtering 1,000 tweets per query, I barely found 10-20 real human users. That signal to noise ratio is dismal, and detrimental to the core product experience. Twitter must be forced to maintain this fake high activity to prop up the share price.

BONUS: Guess who else is spamming their post feed: Tumblr. Tumblr didn't allow any adult content or keyword search; since Marissa Mayer took over she seems to have loosened that policy to fluff the numbers. Tumblr today is drowning in porn.

ActsJuvenile··on Tether has “dissolved” relationship with auditor Friedman LLP
Check out the depth chart for USDT/USD pair. There is no buy-side demand at all. Anyone selling Tether would have to eat huge losses by selling their USDT well under $1. It is human nature to not sell at a loss, so no one is selling.

On the other hand, it takes very little effort ($100K) to prop USDT price up. Rumor has it that Tether themselves are propping up the price on Kraken.

Sad part is that once the prop crumbles, everyone in sell-side of the chart will become bagholders because USDT will be worth nearly zero.

ActsJuvenile··on ICE is about to start tracking license plates across the US
I am feeling pessimistic man. We had a few decades of privacy and human rights progress post World Wars. But with Terrorism on the rise there is no way for privacy or human rights to make a comeback. We will see increasingly clever ways to water down laws we already have in place.
ActsJuvenile··on Ending Bitcoin Support
Counter-counter-transactions sound like textbook example of overengineering.

Bitcoin's only advantage at this point is its price, which will go away as soon as there is a crash. Then we can scrap Bitcoin, LN, and all the baggage and start with a clean 3rd generation crypto slate.

ActsJuvenile··on Ending Bitcoin Support
Don't worry - scaling solutions won't matter when Tether bubble pops and takes crypto market down for two years. BTC and BCH both are going to suffer equally.
ActsJuvenile··on Ending Bitcoin Support
Lightning needs two additional transactions to load and unload payment channels, maximum transaction amount is 0.04 BTC, and it is at least 1 year away from maturity for large scale deployment.

Current price bubble will bust long before that, and no one will care about LN anymore.

ActsJuvenile··on Ending Bitcoin Support
100 nodes for a network worth hundreds of Billions of dollars: that's not over cautious, that's under cautious.
ActsJuvenile··on Ending Bitcoin Support
I am curious why you wanted Bitcoin on your site. It has been dead as a payment mechanism for a long time. BitPay is a dead man walking, save for all the mining hardware purchases denominated in Bitcoins.
ActsJuvenile··on Coinbase booked $1B in revenue last year, has told hovering VCs to back off
No bank would service your account. At this point you need to found your own banking charter like ItBit or Gemini.
ActsJuvenile··on Coinbase booked $1B in revenue last year, has told hovering VCs to back off
Wonder why Fred Erhsam quit if CB is crushing it. He doesn't strike me as a "follow the heart" kinda guy...
ActsJuvenile··on Coinbase booked $1B in revenue last year, has told hovering VCs to back off
Loading and unloading Lightning channels creates separate transactions. Depending on how often an open channel is used, Lightning can increase the transaction load.
ActsJuvenile··on Coinbase booked $1B in revenue last year, has told hovering VCs to back off
Coinbase and GDAX products operate differently.

Coinbase is a counter-party in all trades e.g., people buy FROM Coinbase or sell TO Coinbase. So $1B revenue number would include all deposits.

GDAX accounting would only count commissions as revenue.

ActsJuvenile··on Coinbase booked $1B in revenue last year, has told hovering VCs to back off
I wouldn't bet on it. Coinbase valuation will drop drastically when Tether bubble pops and bear market sets in.
ActsJuvenile··on One Bitcoin miner is buying 20,000 16nm wafers from TSMC per month
FileCoin and Upfiring both claim to have this PoW, but their Github repos are empty and their Reddit channels are drowning in shilling.
ActsJuvenile··on One Bitcoin miner is buying 20,000 16nm wafers from TSMC per month
Ah PoS, the "Rich get richer" algorithm.

Ethereum's PoS implementation requires lock up of balances in stake accounts, so it removes any incentive to do transactions.

I believe that ETH PoS will calcify the economic strata, kill all transaction volume, and have the opposite of network effect.

ActsJuvenile··on Bitcoin's dark secret: Number of full-nodes has barely budged in past two years
My assumption is that someone using wallets / exchanges is a far more likely to be a price speculator focused on short-term gains.

Any producer contributing to the Bitcoin economy would require a full node.

ActsJuvenile··on GoPro has discontinued its developer program
My money is on DJI buying them.
ActsJuvenile··on Tether has issued $450M USDT in past 4 days
Tether is a foreign company, so the raid has to be from international authorities... but boy that raid story will rival Silk Road or Megaupload stories.
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