7,784 karma · joined March 3, 2013
Email: contact at cedrus75 dot com or DM on reddit
SPCX is maybe $1.25tr now - and he has a similar equity milestone deal to just 5x to $7.5tr. Its a big number. For comparison, NVDA is already $5.2tr+
So my guess is people will assume any investment in SPCX will be a 5x return in a short period of time.
Also a company this large will get swept into many indexes, including the S&P500 - so most investors will own it by default.
The article is pointing out the lack of publicly listed companies in the USA. But we also have private stock in ETFs now. And not to mention a handful of blockbuster IPOs on the horizon, like SPCX.
I liked this framework when I used it years ago but I've become disillusioned with kdb.
I can ask Claude to write specialized rust based tick processing tools so quickly now. So the baseline use case for kdb is eroded away, at least for me.
I love kdb as a distributed services framework. But if I can write it with redis and python with Claude support in all the boilerplate I'm more likely to go that route.
It was succinctly put: the top 10% of earners - those making 250k or more - do 50% of the spending. If you're a company with a product or service, are you going to cater to the 90% or the affluent 10%? Clearly the latter - so as a result the bottom 90% of the country just feels like they're "keeping up with the Joneses" all the time.
Probably a lot of hand-wavy behavioral economics here and I am sure the answer to "Why are we so sad" is more complex...
1. I have no real understanding of what is actually happening under the hood. The ease of just accepting a prompt to run some script the agent has assembled is too enticing. But, I've already wiped a DB or two just because the agent thought it was the right thing to do. I've also caught it sending my AWS credentials to deployment targets when it should never do that.
2. I've learned nothing. So the cognitive load of doing it myself, even assembling a simple docker command, is just too high. Thus, I repeatedly fallback to the "crutch" of using AI.
Now on the opposite extreme, the MAGA sycophants, Trump can do nothing wrong, and every misstep is positioned as some sort of 4D chess move we are all too dumb to understand.
If there weren't real lives at stake it would be funny.
The real issue here is we have a divisive person in power who revels in the chaos and the fighting.
Recent news articles have indicated an increase in church attendance. This makes sense: we have lost our moral compass... Specifically in the USA... And people are searching for a new direction.
But let’s be honest…
it’s not just a social media platform.
It’s a mindset. A daily ritual. A lifestyle. A place where every thought becomes a “lesson”
...
Contributors can lay out their every boring thought in strange staccato posts.
Every now and then there are genuinely interesting things happening in your industry you can learn about.
But you have to suffer through the fake team building and work family dribble.