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jhuckestein

1,524 karma · joined February 4, 2010

Cofounder @ Monzo

twitter.com/jonas

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jhuckestein··on Swiss to vote on 2,500 franc basic income for every adult
Another aspect of basic income usually is to pay higher taxes on consumption and lower taxes on work
jhuckestein··on Ask HN: What does this ruby snippet print and why?

  something is {a: 1, b: 2}:
  called something base
  {:a=>1, :b=>2}
  something is now nil:
  nil
In the end something is nil (instead of {a:1, b:2}) for me on ruby 1.9.3p194 and 2.0.0-p247. Does anyone know why this happens?
jhuckestein··on Use different DNS servers for specific domains
In Germany, the NFL website doesn't allow you to watch all games for free. You have to purchase the NFL game pass, which is around $200 per season IIRC (there's multiple packages), which is the same you'd pay in the US.
jhuckestein··on World
You can just look at the source (Ctrl+Alt+U in Chrome). It's an HTML document with a single script tag in it.
jhuckestein··on Strange Loops: Ken Thompson and the Self-referencing C Compiler
True. But this isn't useful unless you know which code C to do the test on (in the OP's original example C would be the code of the login program).

The only way to tell if a compiler will put a backdoor into certain programs is to read the disassembled source.

jhuckestein··on Open-Sourcing Stripe Shop
Yes, you can charge people without the address field. You still need the CVV code for fraud protection.

I read somewhere that credit card companies charge lower rates if the address is provided as well. If that's the case, it seems like Stripe normalizes the price for you.

jhuckestein··on Why You’ve Never Read “I Have A Dream”
FWIW everyone in my school in Germany read the entire speech in English class.
jhuckestein··on Bitcoin is a Startup
I love Bitcoin and own some myself, but from the title I expected this article to be about how the "founders" of Bitcoin cash out from an early financing round and spend the rest of their days rich, regardless of whether the concept survives.
jhuckestein··on I will not do a tech interview
All else being equal, I'd still rather hire the person that doesn't panic. I think it's entirely fair to subject a potential hire, especially for an important position, to a certain amount of stress.

Most people I know, myself included, have suffered from anxiety or panic attacks at some point in their lives. It's usually possible to overcome this, though. When you realize that you don't interview well, are afraid to speak in public, freeze up on dates, are afraid to speak to clients, panic when your boss disagrees with you, etc., you can either work on it or try to avoid those situations forever. Frankly, I'd rather not hire somebody who convinced themselves that they have to avoid certain situations because they can't handle them.

I do love the contractor idea, though. Perhaps it would be best to hire somebody as a contractor for a small project and then have them present in front of the entire team and ask specific questions or ask for live modifications?

jhuckestein··on Y Combinator Summer 2013 Demo Day, Batch 1
There is no way that YC now considers 10% weekly revenue growth low. That's 142x a year. I'm pretty sure any investor would be happy with that kind of traction, especially if the company has their unit economics figured out, like Prim appears to have.
jhuckestein··on Amazon Ramps Up $13.9 Billion Warehouse Building Spree
The difference is that Instacart, with a few orders of magnitude less resources, can deliver your groceries within two hours today and Amazon can't.

Obviously, as your volume increases, it makes sense to own more steps along the value chain yourself.

jhuckestein··on Tesla Model X
As has been said, the front doors open sideways.

IIRC the doors also don't need to open as far up as in most pictures. In fact, they have sensors to prevent them from smashing into garage roofs and the likes and then you can weasel out under them.

jhuckestein··on On Hyperloop
I see only benefits to releasing something like this proposal. Even if absolutely nothing comes of it, we all learned some interesting Physics, Musk learned what happens when you publish your unfinished proposals, others may start thinking about the problem and come up with a different solution and finally, the cynics can point out how bad the idea was to begin with. Of course the cynics won't realize that working on these ideas and in this case even publishing the work are the reason that Elon Musk runs Tesla and SpaceX and they don't.
jhuckestein··on On Hyperloop
Well, if the problem of building a hyperloop or similar system is now reduced to the more well defined problems mentioned in the post, we're still better of than before the proposal.

The OP claims that the structural analysis and graphics in the proposal are not useful and goes on "This is eyewash for the rubes, the surest sign you’re dealing with a snake oil salesman.".

I don't think that is the most likely reason for including those bits. More likely, this is the work of engineers from different fields taking a stab at something new and making mistakes. If this is the case, I applaud them for their bravery. For each point in the post, Musk can now hire a room full of experts to work on that. I'm sure anyone who has ever picked up work in a related but new field has made similar mistakes.

On a different note, I don't understand why this post is so petty and often crosses into the unconstructive... If "Dr Drang" is reading this, please consider editing your blog post and removing the parts about snake oil, other engineers being able to do these calculations in their sleep etc. You're doing a disservice to your otherwise very insightful post and the work that clearly went into it.

jhuckestein··on A third of venture-backed IPOs between 2006 and 2012 had an immigrant founder
One thing I always find, even when dealing with USCIS, or press, or really anyone regarding this matter, is that only very few people truly wish to make it difficult for immigrant founders to stay in the country. In fact, I have never met anyone that gave me the impression that they didn't want me around. The problem is that immigration law is slow moving and the adjudicators at the USCIS need to follow it to the dot, even if it was written before a lot of the technology we use today was invented and the world was a much less global place. And now they are rolling the issue of startup founders and high skilled labor into the massive immigration reform, where it is likely to fall through the cracks or even be used as a bipartisan bargaining chip/concession.

Personally, I think a great way to level the playing field wrt starting businesses for immigrant founders would be to allow all holders of employment visas a grace period during which they can stay in the country after they quit their job. This grace period could depend on the type of visa, your degree, your income (read taxes), the time you spent in the US, whatever. Then you can start a business without first having to secure your own presence, which is very difficult (because you don't yet have a real company) and expensive to do. A similar arrangement exists for study visas and is extremely effective in keeping college and grad school graduates in the country after school.

jhuckestein··on A skeptical response to Musk's hyperloop
It sounds to me that you have discovered an important and often underestimated property of disruptive ideas. How did an 18 year old change the way we communicate online forever? How could a clerk at the patent office usher in the era of 20th century physics?

It's possible and maybe even easier to have truly breakthrough ideas if you're coming from a different field. You can always catch up on all the knowledge required to execute your idea later.

And yes, often you'll find out that your idea wasn't so great. But at least you didn't dismiss it as out of hand because you didn't come across it in your years of experience in the field.

jhuckestein··on Homes for Hackers gets a visit from the FBI
After reading that Noisebridge has regular German classes I made a mental note to build my next hardware project there. Somehow, strangely, having the FBI show up there doesn't make me want to hang out there even though I don't have anything to hide (tm). In light of the recent revelations re Prism et al, LEOs, especially federal, make me uncomfortable...
jhuckestein··on Homes for Hackers gets a visit from the FBI
Suspicions of what? Last I checked naming your company wasn't a federal crime
jhuckestein··on Homes for Hackers gets a visit from the FBI
With these kinds of things, I'm always unsure what the proper way to handle them is. A lot of smart people say to under no circumstances talk to law enforcement, ever. I'm sure a lot of you have seen links to that effect on HN. The main argument seems to be that anything you say to an officer of the law might be misremembered later and there is nothing you can do against that.

On the other hand, in cases like this, it would seem rude and disproportionate to not even meet these fine fellows from the FBI.

A related question I always had is: How often is law enforcement confronted with people that don't talk to them on general principle? Does that really make you suspicious or is it quite common?

jhuckestein··on Deutsche Telekom, Web.de and GMX launch "E-mail made in Germany" initiative
It looks like USG wants US companies to either run on a cloud that has an NSA backdoor to or to provide a backdoor to their own services.
jhuckestein··on Steps To $5,000 In Monthly Recurring Revenue
Big thanks for the offer, just sent you an email.

I started out asking for a CC before the trial, but on a small adwords test campaign that converted exactly zero out of a few hundred people. Then again, that may have been because the entire site was a single signup/cc form and had very little information otherwise.

jhuckestein··on Steps To $5,000 In Monthly Recurring Revenue
Thanks for looking into it, I really appreciate it and will mull over this for a while. A revamp of the pricing is pretty high on my list anyway.

I don't have any data to suggest that larger companies have bigger conference calls, but it may still help the value perception of more expensive plans to limit by number of callers. In fact, most of our $9/month customers aren't Professionals that charge $80-$200 per hour, but people that would otherwise use FreeConferenceCall et al and are already stingy about spending that much. A lot of "randos" signing up from Google or ads are very small companies, non profits, organization committees for various things etc. I like those customers and don't want to lose them, but I agree that I should find a way to separate them from the lawyers that sometimes get the $9/month plan as well.

The reason you'd need multiple lines is if you're multiple people. The premise of HipDial is that each person has their own, dedicated conference line and phone number. E.g. sales teams with a few people will sign up for the Team plan.

The viral mechanics actually work out pretty well like you said. That's the reason we have the free plan, too. On the free plan we used to even send text messages to the participants after the call, asking them to use HipDial as well, but those converted so badly and gave us such a bad rep that we canceled them.

jhuckestein··on Steps To $5,000 In Monthly Recurring Revenue
This practice of creating a lot of traffic on rural lines is known as traffic pumping. AFAIK the FCC has closed this loophole, stating that termination fees may not be collected for VOIP calls. IIRC this new rule will take effect in 2014.

BTW, FreeConferenceCalls know their model is doomed and are expanding as fast as they can into countries with phone systems modeled after the US one, where the loophole still persists. It's pretty clear, though, that their business isn't sustainable. My guess is that somebody will soon gobble up FreeConferenceCall for their customer database.

jhuckestein··on Steps To $5,000 In Monthly Recurring Revenue
The point of recurring revenue is that you don't have to work to earn the $5k each month. Depending on how long they have been working on this, it's definitely a good investment of their time. If they wanted, they could now go and consult (at a higher rate) AND get a small pocket money each month.
jhuckestein··on Steps To $5,000 In Monthly Recurring Revenue
To clarify: My point is about the marginal cost of providing a customer with service. It's not useful to talk about a certain amount of recurring revenue if you have terrible margins. I could start a business that gives you two dollars for every dollar you pay me and reach $5,000 in monthly revenue in no time at all!
jhuckestein··on Steps To $5,000 In Monthly Recurring Revenue
Nice, I'm a big fan of 2600hz!

I'm currently on Twilio's first tier volume discount (I assume there's further volume discounts that aren't on the website), paying .8 cents/min IIRC.

I looked into buying voice minutes and DIDs and running my own freeswitch boxes. Any provider that had listed prices charged upwards of .4 cents/min or had unlimited minutes per DID with a $4 or something fee per channel. A lot of them also limited the number of channels on a DID.

Another reason I have low margins though is because my free plan and free trials also cost me real money. There is no way I can get around that.

While we're at it: Another reason I looked into self-hosting was because I'd like to host conference calls with up to 5000 participants (think earnings calls, public forums, classes etc), most of which are mute. THAT is a high margin business, with companies charging up to 20 cents/minute/caller for those kinds of calls. I read this may be possible with freeswitch on beefy hardware. What do you think? Do you know any way I could get around hosting my own freeswitch servers, load balancer, redundant backups etc?

jhuckestein··on Steps To $5,000 In Monthly Recurring Revenue
The best part about their $5,000 is that most of it will be profit.

I'm pretty happy with my own SaaS application, but because I provide a telephone service I have pretty low margins. This is by far the most annoying thing about my business (it affects me more than taxes), especially considering that it would have been just as much work to make a SaaS with negligible marginal costs.

The lesson is, if you have the choice and don't want hypergrowth + venture funding, provide a service that costs you next to nothing to provide. Another disadvantage of providing a service that has high marginal costs is that your bigger competitors will usually be able to outprice you. If all you need is a few servers, you can differentiate based on product alone and charge accordingly.

jhuckestein··on Here's the Most Idiotic and Brilliant App Ever
I hope they have a standing connection to the server during the throw and detect ... disconnects. That way, they could detect crashes and give approximate credit for the height.

I don't want to throw my phone high into the air, watch it go to pieces and not even get a high score.

jhuckestein··on Unsupervised joke generation from big data
I always play with a Rando Calrissian and he won the last 3 out of 3 games. It's quite intriguing actually
jhuckestein··on Soylent now accepting Bitcoin for preorders
I find it surprising that so many people here are reluctant to try soylent and afraid to "risk their health" because it is made by "a bunch of 20-something computer scientists".

Do you really think the traditional food industry as it is is looking out for you? Most people I know have terribly unhealthy diets and almost anything that anyone put any thought in will be better for them. I'm not saying Soylent is perfect or doesn't cause any long term ill-effects, I'm just saying that it can't be much worse than a lot of "normal" diets.

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