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__derek__

1,898 karma · joined April 7, 2013

A person in Seattle.
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__derek__··on New York City will require Uber and Lyft to go 100 percent electric by 2030
It seems like an awkward rephrasing of an awkwardly-worded statement:

> Build on efforts to electrify the city vehicle fleet by requiring the 100,000-plus high-volume for-hire vehicles to do the same — requiring them, with the support of Uber and Lyft, to be zero-emissions by 2030, with no new costs for individual drivers;

[1]: https://www.nyc.gov/office-of-the-mayor/news/063-23/mayor-ad...

__derek__··on Amazon warns employees not to share confidential information with ChatGPT
That kind of review caused a stir for Apple and Amazon, leading both to curtail the practice.[1]

[1]: https://www.washingtonpost.com/technology/2019/08/02/apple-s...

__derek__··on Adani Group: How 3rd Richest Man Is Pulling the Largest Con in Corporate History
Previously:

[1]: https://news.ycombinator.com/item?id=34513802

[2]: https://news.ycombinator.com/item?id=34514209

__derek__··on Annotated: Sam Bankman-Fried's “FTX Pre-Mortem Overview”
For the most part, American law school professors are actual lawyers with hard experience in their area of expertise. That appears to be the case for Bankman-Fried's parents.
__derek__··on E-girl influencers are trying to get Gen Z into the military
The Simpsons already did it.[1]

[1]: https://www.youtube.com/watch?v=nH8Vpei_UpQ

__derek__··on Annotated: Sam Bankman-Fried's “FTX Pre-Mortem Overview”
They're lawyers and law professors, not humanities academics.
__derek__··on How the Friedman Doctrine Leads to the Enshittification of All Things
The blog-post argues against Wall Street analysts' behavior, but misapplies "Friedman Doctrine" as a label for it. Friedman didn't specify a time-frame because it's the life-time of the corporation. He mentions "long run interest" and alludes to future shareholders:

> And, whether he wants to or not, can he get away with spending his stockholders, customers’ or employes’ money? Will not the stockholders fire him? (Either the present ones or those who take over when his actions in the name of social responsibility have reduced the corporation's profits and the price of its stock.)

FWIW, I think the actual essay could appeal to folks who are skeptical of big-company CEOs because it (a) suggests that governments should stop incentivizing them to influence society and (b) implies that governments should tax directly to fund these social aims rather than asking CEOs to spend company money on them.

__derek__··on Coinbase’s chief product officer will leave with a $105M payday
That's a bingo.
__derek__··on Coinbase’s chief product officer will leave with a $105M payday
On the bright side, Coinbase launched a lot of high-value new products during the last two years that will help the company thrive and grow in the coming years.
__derek__··on We tried to run a social media site and it was awful
Mastodon instances are the (latest) new monorail.[1]

[1]: https://www.youtube.com/watch?v=KGg5rfBfWT4

__derek__··on Sell Your Worthless NFTs, Harvest the Losses
I honestly don't know!

From the IRS memo[1] linked in your other comment, the fact that "Cryptocurrency B continued to be traded on at least one cryptocurrency exchange" is relevant to the conclusion that it still has a value. But unsellable NFTs are by definition not trading anywhere, right? So, ironically, the existence of a service like this might provide a price floor for all NFTs.

[1]: https://www.irs.gov/pub/irs-wd/202302011.pdf

__derek__··on Sell Your Worthless NFTs, Harvest the Losses
Couldn't one declare the NFTs worthless and still claim the loss?[1] This seems more like a way for the creators of this site (Full Name, Full Name, and Full Name)[2] to scavenge a bunch of NFTs on the cheap. Not that there's anything wrong with that, necessarily.

[1]: https://www.irs.gov/instructions/i8949#en_US_2022_publink100...

[2]: https://www.unsellablenfts.com/about-us

__derek__··on U.S. accuses Google of abusing monopoly in ad technology
Small nit: the suit in TFA is from the DOJ, not the FTC.
__derek__··on Amazon-Stripe partnership
I think that was clear from the context of the thread, where OP alluded to an in-house Uber, and I noted that the model was more similar to the local delivery services than to Uber per se.

Anyway: Amazon Flex drivers actually did handle delivery for Amazon Restaurants, which was a direct competitor to Uber Eats, DoorDash, GrubHub, Caviar, etc.

__derek__··on Amazon-Stripe partnership
It seems like payments is traveling the inverse of the shipping/delivery route: first build in-house, then add on other fulfillment partners that are able to handle certain payments better.
__derek__··on Amazon-Stripe partnership
Amazon Flex. It's more like Uber Eats or DoorDash.
__derek__··on Microsoft Hosted Sting Performance in Davos on Night Before Announcing Layoffs
Satya and other top executives attended the concert, and they were also involved in the layoffs. In that one group, at least, we could expect some level of synchronization.
__derek__··on Capital One axes 1k tech roles
That's as it should be. As soon as people start with the buzzwords, I tune out.
__derek__··on Microsoft Hosted Sting Performance in Davos on Night Before Announcing Layoffs
Davos is officially sanctioned corruption for oligarchs, but the organization is also apparently a cult of personality that may not survive Klaus Schwab, so maybe it will just go away.[1]

[1]: https://www.theguardian.com/business/2023/jan/18/mutiny-erup...

__derek__··on What the spread of universal basic-income schemes says about Americas safety net
An example of this is the ACA subsidy cliff, which is now suspended through 2025.[1]

[1]: https://thefinancebuff.com/stay-under-obamacare-premium-subs...

__derek__··on “Copycat” layoffs won’t help tech companies or their employees
Yes. One un-damned company thus far is Apple:[1]

> From its fiscal year-end in September 2019 to September 2022, Apple’s workforce grew by about 20% to approximately 164,000 full-time employees. Meanwhile, over roughly the same period, the employee count at Amazon doubled, Microsoft’s rose 53%, Google parent Alphabet Inc.’s increased 57% and Facebook owner Meta’s ballooned 94%.

[1]: https://www.wsj.com/articles/how-apple-has-so-far-avoided-la...

__derek__··on “Copycat” layoffs won’t help tech companies or their employees
Yes, there was pull-forward growth in e-commerce. Using this from Benedict Evans in 2021 because it has numbers and a good graph:[1]

> The traditional way to think about ecommerce penetration is to look at share of total retail sales, and then deduct things like car repair, gasoline and restaurants - to get to ‘addressable retail’. On that basis, US ecommerce was at 16% penetration at the end of 2019 and increased to 20% or so in 2020, adding 12-18 months of growth in a year.

[1]: https://www.ben-evans.com/benedictevans/2021/5/29/boxes-truc...

__derek__··on “Copycat” layoffs won’t help tech companies or their employees
No, I don't believe that they greatly improved their crystal ball performance since July, when the now-infamous pay packages were still being doled out. Amazon started to tighten the belt a little earlier when it realized that it had too much FC capacity, but it was still rushing to add capacity as recently as July 2021.[1]

[1]: https://www.supplychaindive.com/news/amazon-earnings-logisti...

__derek__··on Capital One axes 1k tech roles
That one appears to be earnest, but Scaled Agile DevOps is definitely parody.[1]

[1]: https://scaledagiledevops.com/

__derek__··on Capital One axes 1k tech roles
My first SDE job was in a company with a dedicated Scrum Master role, and they were basically the lubricant to make Agile/Scrum teams fit into what was essentially a waterfall environment. It's roughly a TPM in Big Tech, but without those companies as industry peers for setting comp.
__derek__··on FTX’s Venture Capital Backers Face ‘Serious Questions,’ CFTC Official Says
> Especially to Sequoia, which felt like they were behind in crypto investments (while a16z was getting into all the "big winners").

Sequoia had other peers that resisted this temptation, though, so the "blame ZIRP" argument isn't sufficient.

__derek__··on FTX’s Venture Capital Backers Face ‘Serious Questions,’ CFTC Official Says
Re: #2, as Matt Levine likes to say, everything is securities fraud. All the stuff that FTX did before was probably illegal, but it was in a grey area without a particular regulator. Once it became clear that FTX falsely claimed to investors that it had effective risk controls, didn't misuse/steal customer funds, and wasn't operating a giant Ponzi scheme, it moved squarely into the SEC's remit.
__derek__··on FTX’s Venture Capital Backers Face ‘Serious Questions,’ CFTC Official Says
> Would it not make sense to set rates somewhere in that window (roughly 2-4%) and stop messing with them? For other countries, scale rates accordingly.

That alone wouldn't work because inflation is affected by factors beyond interest rates, but this is basically a part of Modern Monetary Theory: set short-term interest rates at a fixed price, then use other levers to push inflation back to target.

IMO, a more compelling alternative to the current system is Nominal GDP Targeting.[1][2]

[1]: https://www.mercatus.org/research/research-papers/case-nomin...

[2]: https://www.mercatus.org/research/working-papers/nominal-gdp...

__derek__··on Ask HN: Why is everybody copying layoffs?
Mimetic desire
__derek__··on T-Mobile says hackers stole data on 37M customers
This parenthetical seems unnecessary:

> Some basic customer information (nearly all of which is the type widely available in marketing databases or directories) was obtained, including name, billing address, email, phone number, date of birth, account number, and information such as the number of lines on the account and service plan features.

I wonder if "service plan features" includes whether a customer has enabled the Account Takeover Protection feature that's supposed to guard against SIM-swapping.

[1]: https://www.t-mobile.com/news/business/customer-information

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