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licnep

132 karma · joined November 24, 2012

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licnep··on Why Uber Keeps Raising Billions
Not so sure about user lock in. Whenever I need a ride i always check both apps and pick the one offering the lower price and I know several people who do the same.
licnep··on Snapchat Passes Twitter in Daily Usage
You need to have friends on it to really "get" it, but you can add celebrities, people in your address book, or get snapchat usernames from profiles on tinder/instagram/...
licnep··on Snapchat raised $1.8B in a Series F round
I think a few of them, although most social apps are bound to have these kinds of features:

hijack#2 (slot machine): you get a notification when you receive a snap but you don't know what it is until you open it

hijack#3 (Fear Of Missing Something Important): snapchat stories disappear after 24hr, so if you don't wanna miss content from your friends you must make sure to log in at least once a day

hijack#4 (Social Approval): when you post a story you can see how many people viewed it

hijack#5 (Social Reciprocity): when someone sends a snap to you personally and not to their story you feel compelled to send something back

licnep··on Advanced economies are so sick we need a new way to think about them
There is a group called Positive Money that has a youtube channel with some videos about it. I don't remember which ones are the best, but this is a playlist from them which gave an high level overview in simple terms: https://www.youtube.com/playlist?list=PLyl80QTKi0gPBcb32paMv...

They have more in-depth talks on their channel, if I find some better links I'll give them to you.

I can't say this theory is 100% correct, though it does explain things like the housing bubble, the failure of the ECB policy, and eurozone deflation despite the ultra low interest rates.

So far, out of everything I've read and watched, I think their model is the one that better explains the current system of money creation, but if you have any alternative links with I'm always open to reading different things on this topic.

licnep··on Advanced economies are so sick we need a new way to think about them
Actually, central banks in both the US and Europe have very little control over the money supply.

The money created by central banks only accounts for about 3% of the monetary base, the remaining 97% of money that circulates in the economy is created by private banks, lending money out of thin air. Therefore money supply is actually dictated by how confident private banks are to lend to the public. A central bank can try to incentivize lending by lowering interest rates, but in the end it's private banks who choose whether to lend or not (in Europe it didn't work so well..).

It's still a pretty fucked up system either way. I think more people should work on the issue of money supply, it's probably the single most important problem in any economy.

licnep··on Italia Startup Visa
Speaking of unemployment. I stumbled upon this animation of unemployment rates in europe some days ago:

http://i.imgur.com/ZR1hNnr.gif

The difference between northern and southern Italy is staggering, it's like they're two entirely different countries...

licnep··on Italia Startup Visa
If I recall correctly they introduced some fiscal incentives for new companies so that they end up paying around 10% in taxes. But that's only as long as the founder is considered "young" or i think as long as the revenue is below a certain limit. The problem is that once the limit is surpassed, the fiscal pressure in Italy is indeed very high. I wouldn't really suggest founding there, unless it's something related to fashion/food/tourism...
licnep··on Dead Man's Switch
>Does anyone know of such a solution?

I coded something like this myself a while ago. You can run it on a server or a local computer. The data is encrypted, no need to trust third parties:

https://github.com/licnep/afterlife-plans

licnep··on Thoughts on Bitcoin
This graph may provide a better picture of the number of transactions (excluding popular addresses like satoshi dice):

https://blockchain.info/charts/n-transactions-excluding-popu...

This one shows a much higher growth. (Although this kind of data doesn't mean much, and i agree bitcoin isn't being used much for actual transactions)

licnep··on Ask HN: How do you store and organize your startup ideas?
I use mind42.com, it's an online mind mapping tool (and it's free, I find it pretty useful). Then i regularly download my mindmap and keep it in a git repo just in case.
licnep··on Swiss to vote on 2,500 franc basic income for every adult
I think i read somewhere that money isn't the best motivator to get people to do the best work they can. And in general even with children they say positive enforcement should be preferred to punishment. So maybe someone doing a job cause they want to, to make more money and have a better standard of living, will get the job done better than someone being forced to do it cause otherwise he will be living on the streets. In my experience the main predictor of the quality of a job is weather the person wants to do it, or has to. The job is the same, it's the perception that's different.
licnep··on PayPal Freezes Mailpile Campaign Funds
Not 100% sure but I think kickstarter uses amazon's deferred payment api. Basically they get authorizations from the donors to be charged a certain amount on their credit card, but the amount isn't charged until the crowdfunding ends successfully. If the goal isn't reached nothing is charged on credit cards, if it is, the money is sent to kickstarter's amazon payments account, and from there kickstarter sends it to the project after taking its cut.
licnep··on Trends that will create demand for an Unconditional Basic Income
It's not the same, with inflation people still own the same percentage of wealth (people with 0 still have 0). With UBI the distribution of income changes, it's minimum is no longer 0 but some hardcoded amount. So even if prices would adapt, you'd end up not only with different prices, but with a different distribution of wealth. In the extreme case, if the basic income was huge, everyone would pretty much be able to buy the same things, with the basic income set to 0, the distribution of wealth would be more exponential as wealthy people naturally get more and more wealthy and people with 0 stay at 0. You probably want something in between, with good incentives to work hard, but also good conditions for poor people and a higher velocity of money (if you give money to people with no money they'll spend a higher percentage of it, fueling the economy in the right areas).
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