Hacker News Reader

gzuon Fusion tech finds geothermal energy application

It's like if only we put more resources towards potential societal altering technologies like these instead of [insert random SAAS app]. Maybe tech investors aren't very comfortable with projects outside their domain knowledge and expect an quick return. Quaise last financing round was something like $20M...

gzuon Lumber crash leads to 'blowout' sales as prices crater

No, you don't simply "move to a new coin". ETH is currently a 420B market cap and rewards GPU miners something on the order of 13,000 ETH a day conservatively (without fees). That's nearly 50m dollars a day or 1.5B dollars a month!

The only "other coins" available to be mined with GPUs are tiny. Ethereum classic has only a 8B market cap, Ravencoin with 1B, then many sub 1B coins.

https://www.kryptex.org/en/mining-calculator

gzuon Amazon to pay full college tuition for its front-line employees

This year with the labor shortage has shown we need more "basic" employees getting a livable wage than a country full of college educated students chasing white collar positions

gzuon South African Unemployment Rate Rises to 34.4%(Highest in the World)

It'll continue as long as there's an abundance of cheap food

gzuon New Laptop: Thinkpad P14s

It's very easy to replace the displays on these business line thinkpads.

gzuon Rainfall flooding is becoming an issue

I wonder much of this is caused by recent installments of agricultural field drainage tile?

Land price increases allow for more farmers to afford to "improve" their farmland by adding underground pipes that quickly wick standing water away into nearby creeks and rivers. What used to be evaporated or absorbed into soils is dumping straight into waterways.

gzuon Tesla Admits Current ‘Full Self-Driving Beta’ Will Always Be Level 2

@plainsite doing the real dirty work here

gzuon Bill Gates Says that Bitcoin is bad For the Planet

Bitcoin is "bad for the planet". 0 percent interest rates are worse. It's the lesser of evils.

gzuon Bill Gates Says that Bitcoin is bad For the Planet

What about 0 percent interest rates? How much environmentally damaging malinvestment across the globe has been caused by risk free money?

Think of how carbon intensive the concrete, steel, manufacturing, power generation industry are. Not to mention the population boom beyond our earths carrying capacity needed to perpetuate our ever increasing monetary scheme requiring never ending growth where deflation can never exist.

gzuon Money Creation: 344% in the Last 12mo (Fed, M1, $)

No one is paying bills right now due to COVID relief. Q4 alone saw $32B of missed student loan, $7B in missed rent and $14B of missed mortgage payments. Pent up roaring 20's demand and hyperinflation?

gzuon Bitcoin Hits New All-Time High

Microstrategy (MSTR) call options

gzuon S&P Dow Jones Indices to launch cryptocurrency indexes in 2021

Central banks are trying to prop up the deflationary structural changes happening in the broader world economies due to aging demographics and technology reducing the value of human labor.

The end result is an enormous asset bubble as their only solution is to print money to prevent any actual deflation from happening as that would implode the financial system.

gzuon Microsoft's underwater data centre resurfaces after two years

We need underwater, seaborne, or subsurface nuclear power plants.

Radiation release is contained to within the largest stratum available on the Earth: ocean and rock. Anything avoiding our thin atmosphere is a win.

gzuon AT&T’s current 5G is slower than 4G in nearly every city tested by PCMag

Give me rock solid and cheaper 4G before jumping the gun to 5G.

How will going from say 40mbps to 250mbps+ on a phone help me in any way over the next 2 years? For video, the limits of a phone display cap the max bitrate below 5G's speed. 1080p at 60fps is around 16mbps.

gzuon ‘Better Yield on 5nm Than 7nm’: TSMC Update on Defect Rates for N5

TSMC is the center of the universe for chip fab. AMD, NVidia, Qualcomm, and Apple all rely on their manufacturing. Doesn't this create a systemic risk especially with Taiwan's ties to China?

gzuon Simultaneous AP and Client Mode Wi-Fi on Raspberry Pi Zero W

I was interested in setting up something similar (as a novelty) to cheaply bypass an untrusted network.

Untrusted Wifi > RasPi Client > OpenVPN > AP

How would you go about routing the VPN device between client and AP?

gzuon Apple becomes first U.S. company to reach a $2T market cap

Your logic is flawed in that shares aren't simply "destroyed" they have to be bought back on the open market at an agreed upon price from a willing seller. The sellers of the shares may not want to sell and will therefore require more than the perfect price 𐤃X that accounts for adjustment of market cap based on reduction in shares.

In theory if no one wants to sell shares of Apple during a buyback the share price will head towards infinity. There's always a price though that someone will let go of a share at.

gzuon Apple becomes first U.S. company to reach a $2T market cap

Sure in a perfect world you decide to sell 1 share to Apple. The share price increases to account to for the lost share and market cap stays same.

In reality, enormous swaths of shares are held by index tracking funds and everyday investors who don’t sell their shares into buybacks. In this case the market price based off supply/demand must rise in order to find someone who will let go of a share so Apple can buy it.

gzuon Apple becomes first U.S. company to reach a $2T market cap

Don't forget the non-emotional constant demand for Apple shares caused by stock buybacks combined with a 7% weight in the S&P 500. Every new dollar invested in an index tracking ETF/mutual fund needs to buy 7c worth of Apple stock from someone.

It's a huge supply/demand problem. At what price will someone forego Apple shares? What happens when Apple is 10%, 15% etc of the S&P 500 index? Where will these shares to sell come from? At this point, why would anyone holding Apple shares outright sell?

This demand may only lead to a self reinforcing feedback loop where: a greater market cap (3T?) -> higher index weight (10+%) -> greater buying pressure -> more shares locked up in index funds (not available for sale) -> repeat

This is explains why there has been increasingly volatile movements in Apple shares. This lack of share liquidity works both directions: buying and selling. Not enough active investors are available to step in when passive investors (who now make up an enormous portion of capital markets) decide to start selling index tracking funds in bulk.

gzuon Tesla 5-1 Stock Split

Speaking of splits, I love how Apple’s stock split justification is: “We want Apple stock to be more accessible to a broader base of investors.” https://investor.apple.com/faq/default.aspx

Yet it’s one of the top stocks held on Robinhood (#3 at 700,000 users)

https://www.robintrack.net/symbol/AAPL

gzuon US to ban transactions with ByteDance and WeChat in 45 days

Perhaps this was intentionally vague requiring clarification by WH? Everyone tonight learned how much of our media is owned by Tencent.

gzuon US to ban transactions with ByteDance and WeChat in 45 days

Huge implications if this is true and WeChat has already locked down money transfers. How could you get it out? Bitcoin?

gzuon US to ban transactions with ByteDance and WeChat in 45 days

So does this ban transactions with all of Tencent or just those in relation to WeChat? https://www.whitehouse.gov/presidential-actions/executive-or...

  Section 1.  (a)  The following actions shall be prohibited beginning 45 days after the date of this order, to the extent permitted under applicable law: any transaction that is related to WeChat by any person, or with respect to any property, subject to the jurisdiction of the United States, with Tencent Holdings Ltd. (a.k.a. Téngxùn Kònggǔ Yǒuxiàn Gōngsī), Shenzhen, China, or any subsidiary of that entity, as identified by the Secretary of Commerce (Secretary) under section 1(c) of this order.

gzuon Universal Basic Income is Capitalism 2.0

The lack of real world experience on a HackerNews UBI discussion is infuriating. Western society's white collar elite are completely unaware of truly how many "sucky" jobs there are in the world that all enable our (currently) superior standard of living. Your entire existence relies on a globalist system of slave level labor producing products from all corners of the world. Automation of every industry is impossible unless we have true human replacement robots (many decades out). UBI will over time simply raise costs of all goods/services to subwelfare level that people "can't live on".

Whos going to: - clean your hotel/office/home - cook your food - serve your food - fix your household - grab your garbage - build new houses - build/maintain roads - build/maintain water, sewers - deliver your packages/mail - Drive trucks around - pack/unpack trucks - produce meat products (have you seen a meatpacking plant?) - maintain farms/livestock - provide difficult medical services - be a nurse aide (clean poo?)

I have not even started to list all the jobs required in order to "magically" produce our cheap goods from overseas including clothing and electronics. These are farrrr from completely automated.

Lazy Americans don't need to work right? Discussion about UBI is an expression of guilt over how well our standard of living (general hacker news crowd) compared to the vast majority of the world.

gzuon Show HN: A simple CLI tool to generate satellite images of a location

Looking at the code, it appears to be a nice front end to sat-search https://github.com/sat-utils/sat-search

gzuon Confidential VMs

That's what I don't quite understand about the current state of cloud computing. We're seeing huge advances in hardware/network technologies this decade but there's an ever increasing push to centralize hosting with cloud providers. Will this ever swing the other way?

gzuon Is Ghislaine Maxwell secretly one of the most powerful Redditors of all time?

https://www.reddit.com/user/MaxwellHill

Hasn't posed in days

gzuon Seoul's mayor found dead, hours after he was reported missing

There was recent alleged sexual harassment between him and his secretary so its presumed to be suicide.

gzuon Ultraviolet Irradiation of Blood: “The Cure That Time Forgot”? (2018)

Does UV light from sitting in the sun reach the blood vessels near the surface of the skin?

gzuon “I Don’t Think the Virus Can Be Stopped Anymore”, Says Harvard Epidemiologist

The time to act was weeks ago. We haven't even stopped international flights in from Milan.

https://flightaware.com/live/flight/UAE205/history/20200310/...