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nknealk

880 karma · joined March 13, 2018

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nknealk··on ‘Cash Is Trash,’ So Let’s Bet $425M on Bitcoin
>> How does the board allow this to happen?

This is the real question. I wish we could have a transcript of the discussion between treasury staff and the board on why it was a good idea to tie up cash in this way.

nknealk··on Attempts to make Python fast
Numba is actually a pretty interesting project. It allows you to JIT compile a single function with a decorator. Static typing required, and it plays nice with numpy. They’ve also got some interesting stuff going on that lets you interface with nvidia GPUs as well.

Highly recommend it for anyone doing scientific computing

nknealk··on Ask HN: Consumer WiFi router options in 2020
Also running an ASUS router, but mine’s on stock firmware. I believe the model number on mine is 68CU. It’s been rock solid for like 5 years now.

It meets all of OP’s requirements as far as I can tell. My favorite feature is that it has USB ports in the back where you can attach discs/printers and share them on the network easily.

nknealk··on How to Get Promoted
There are many who read The Prince as a work of satire. Even so, the comparison still holds.
nknealk··on Ask HN: Just lost my job, where to go from here?
As someone currently looking for the next step in my career, I can say that the job market right now for skilled labor is much better than it was even 1-2 months ago (at least anecdotally). From June - August I wasn’t getting anyone contacting me, but in September I’ve already had 2 interviews. It looks like the initial uncertainty around the pandemic has passed and companies are opening up their budgets again.

I wish you best of lucking in whatever your next step might be.

nknealk··on Ask HN: How do people become experts?
Two thoughts beyond what’s already been mentioned. Experts tend to have strong networks of people with similar interests and high intelligence. When they don’t know how to approach something they know who to ask.

Experts historically tended to write prolifically. They’re known as experts because others are familiar with their work. The modern equivalent of writing is more broad but the part about communication of ideas broadly still applies.

nknealk··on Uber and Lyft ordered by California judge to classify drivers as employees
So I think the biggest question here is whether, as an employee, Uber/Lyft can set hours for a driver. Some specific implications:

* Will we see employees (drivers) get a say in their shifts? An employee can be asked to work a 3AM - 9AM shift for example.

* Can not arriving to shifts on time be grounds for dismissal?

* Can refusing a shift be grounds for dismissal?

* Can incurring unapproved overtime be grounds for dismissal?

* If a driver is incurring overtime, is that reflected in the pricing that consumers pay?

* Can Uber/Lyft systemically set employee hours to like 29 per week to avoid FTE status?

* Will multihoming (ie working for multiple "gig" apps) be grounds for dismissal as a conflict of interest?

I see a lot of ways Uber/Lyft could retain significant power over drivers.

nknealk··on Ask HN: Should a Startup in the messy middle change TOS on every turn?
> startupocene

You've coined a term. I love it.

nknealk··on SMT Solving on an iPhone (2018)
I think the dimension you’re missing is that the a12 also consumes significantly less power. While we don’t know exact numbers, the author speculates it draws about a tenth of the power as the i7.
nknealk··on Bootstrap finance and the cost of other people's money [pdf]
> "It's often easier to raise $5 million than $1 million... but then you have $4 million that you don't need but spend anyhow"

I feel like that quote is more relevant today than ever.

nknealk··on Ask HN: Films that made you see the world differently?
Wall-E.

The first like 15 minutes have no dialog. The rest of the movie is a profound commentary on modern life told as a children’s story

nknealk··on Why Apple believes it’s an AI leader–and why it says critics have it all wrong
As someone who switched to iOS from android I’ll second this.

Also googles keyboard swipe is WAY better than the iOS implementation

nknealk··on Ask HN: What are the least competitive consumer and enterprise markets?
Second GIS. ESRI is ripe for disruption.
nknealk··on ‘Mulan’ is coming to Disney+ on September 4, for an additional price of $29.99
It’ll be interest to see if the $30 gets you unlimited views or if it’s like pay per view rentals where once you start it you have 48 hours to finish and then you can’t watch it any more
nknealk··on Ask HN: Do you have a daily cash stream?
I’d recommend staying away from options.

That said, the only riskless options/futures trade is called a “cash and carry” which essentially earns you the risk-free rate and isn’t much better than buying a treasury note. Also with interest rates so low, you’re more likely to get like 0.5% per year rather than per month

nknealk··on Ask HN: Should one buy Intel-based Macs now?
I also have a 16" MBP from work, well spec'd. When using my external monitor, it won't switch to the intel graphics. It's always using the AMD GPU which causes additional power draw + heat. I wish there was some way to force the iGPU to be used when an external monitor was plugged in.

Also, turbo boost switcher has dramatically improved thermals. Turning off turbo shaves like 10C off low usage temp without much of an impact on usability.

nknealk··on Ask HN: I have $450K cash, what should I do to maximize my return?
Surprised not to see this mentioned anywhere. In finance, we don’t look at maximizing total return but rather risk adjusted return. Buying a lotto ticket has amazing total return if you hit the jackpot but really bad risk adjusted return.

The thing you should spend some time doing is deciding what your risk tolerance is and how much variance in your portfolio you can stomach. Then you can start talking investment strategies.

nknealk··on Why Bitcoin is not a socialist’s ally
Bitcoin presumes (1) everyone owns a computer (or a smartphone/similar) and (2) everyone has network connectivity all the time. Without these two things, one cannot transact.

There are huge swaths of the world where this isn't true. Short of making computing devices and internet connectivity human rights, these assumptions compound existing inequalities.

nknealk··on Ask HN: What are some good resources to learn business administration/finance?
I just finished an MBA in June. A few thoughts outside of what’s been mentioned here already:

If your company is publicly traded, learn about the variety of SEC filings that most C-level executives are responsible for. In particular, learn how to parse the footnotes of 10K/S1 filings — an income statement might be 1-2 pages but the footnotes are often 30+ pages. The interesting choices a company makes are often in the footnotes. For example, the related party transaction for WeWork’s “We” trademark that everyone was up in arms about appears on page 199 of the filing.

Finance is about cashflows. GAAP accounting is about subjectively spreading costs across periods. The two are often at odds. Learning to navigate both and knowing which your audience cares about is critical. You often need years of context about a business to be able to make contributions on this front.

nknealk··on Ask HN: Getting depressed about money. How do I make a meaningful amount “fast”?
A few thoughts.

The people you see getting insanely rich often have decades of context (and a lot of luck) behind whatever made them insanely rich. I encourage you to not look at just the event that makes someone wealthy but look at the story that got them to that event. The acquired podcast does a great job of this when they cover company and founder history.

Nobody gets insanely wealthy selling their labor. Equity is what creates the massive payoffs.

Are there things you can do where you could own 100% equity? For example, are you an expert in systems administration? Can you write a book or Udemy course on it? Maybe it only makes you 1 grand in revenue but you may learn a lot about sales and marketing and promotion and other important business skills in the process. Those softer skills are just as important as engineering ability and there’s no better way to learn them than jumping into the deep end

nknealk··on Robinhood and How to Lose Money
Mutual funds and ETFs are basically that but you get a sliver of like several hundred high quality companies instead of just one. I’d argue those products did more for democratization because they allowed investors with small sums of money to achieve diversification.
nknealk··on Moderna Phase 1 results show coronavirus vaccine safe, induces immune response
Link to the actual NEJM publication for those interested: https://www.nejm.org/doi/full/10.1056/NEJMoa2022483

Some interesting snippets:

“one participant in the 25-μg group was withdrawn because of an unsolicited adverse event, transient urticaria, judged to be related to the first vaccination.”

Also probably more important than antibodies: “The 25-μg and 100-μg doses elicited CD4 T-cell responses (Figs. S9 and S10) that on stimulation by S-specific peptide pools were strongly biased toward expression of Th1 cytokines (tumor necrosis factor α > interleukin 2 > interferon γ), with minimal type 2 helper T-cell (Th2) cytokine expression (interleukin 4 and interleukin 13). CD8 T-cell responses to S-2P were detected at low levels after the second vaccination in the 100-μg dose group (Fig. S11).”

nknealk··on How companies became addicted to debt
Actually, the last time we had high inflation, the fed kicked interest rates up[1]. So I don’t know if we end up like Zimbabwe. The fed would likely step in well before something bad happened.

https://www.stlouisfed.org/publications/regional-economist/j...

nknealk··on Ask HN: What's the worst piece of software you use everyday?
For those complaining about Teams slowness, I've found following this guide to clear out cached content dramatically speeds up the application especially on mac:

https://td.unh.edu/TDClient/KB/ArticleDet?ID=2197

nknealk··on Ask HN: What's the worst piece of software you use everyday?
Surprised not to see this here, but doing data engineering against any Adobe product in creative cloud.

Specifically: AEM, AAM, Omniture, among others. My favorite is AAM’s “only Adobe could come up with such a stupid data integration” file format: https://docs.adobe.com/content/help/en/audience-manager/user...

The omniture S3 feed comes as a 1004 column TSV. And for fields that capture user inputs, they don’t escape backslashes. But the escape backslashes everywhere else. I filed a ticket on this over a year ago but still no fix.

nknealk··on Ask HN: What is your favorite low-end setup you've ever done?
Not super low end, but I used a Thinkpad X200 running xubuntu well into 2016. Swapping in an SSD kept everything feeling fast enough
nknealk··on Facebook announces policy changes ahead of 2020 elections
"To clarify one point: there is no newsworthiness exemption to content that incites violence or suppresses voting. Even if a politician or government official says it, if we determine that content may lead to violence or deprive people of their right to vote, we will take that content down. Similarly, there are no exceptions for politicians in any of the policies I'm announcing here today."

To me, this is the most interesting development. It'll be interesting to see where the line gets drawn in practice on what constitutes voter suppression and/or speech that could lead to violence. The bigger question is whether we should be entrusting Facebook to draw that line in the first place.

nknealk··on Former eBay CEO confirmed to be involved in cyberstalking campaign
I put this in another thread but it bares repeating here:

There are several SEC filings around the departure of the CEO in Sept 2019[1][2] that line up with with the timeline mentioned in this article. Here's the relevant snippet from the 8-K: "On September 24, 2019, the Company and Mr. Wenig entered into a letter agreement regarding his departure (the “Wenig Letter”). Pursuant to the terms of the Wenig Letter, in exchange for his execution and non-revocation of a release of claims against the Company, the Company agreed to provide Mr. Wenig with (1) the payments required to be made to him under his letter agreement with the Company dated September 29, 2014 upon a termination without cause, which letter agreement was originally filed with..."

The key bit is that the CEO stepping down triggered a severance agreement for termination without cause. This lines up with the reporting that he engaged in unethical behavior and had to be forced out.

Here's the cash portion of his severance (there's a stock portion too):

"Non-Equity Related Payments. The Company will make the following payments to you in accordance with the terms of the Letter Agreement in the form of a lump sum payment within 30 days after the Effective Date (as such term is defined in section 17 of this Agreement):

(i) Two times your Annual Base Salary (as such term is defined in the Letter Agreement), which equals $2,000,000; and (ii) Two times your Bonus Amount (as such term is defined in the Letter Agreement), which equals S4,000,000."

[1] https://www.sec.gov/ix?doc=/Archives/edgar/data/1065088/0001...

[2] https://www.sec.gov/Archives/edgar/data/1065088/000119312519...

nknealk··on Six eBay executives and employees charged over alleged cyberstalking campaign
Imagine if eBay said why the CEO was fired and then he turns around and starts telling the world where eBay’s bodies are buried.

It’s less risky for the company to do it this way.

nknealk··on Six eBay executives and employees charged over alleged cyberstalking campaign
There are several SEC filings around the departure of the CEO in Sept 2019[1][2] that line up with with the timeline mentioned in this article. Here's the relevant snippet from the 8-K:

"On September 24, 2019, the Company and Mr. Wenig entered into a letter agreement regarding his departure (the “Wenig Letter”). Pursuant to the terms of the Wenig Letter, in exchange for his execution and non-revocation of a release of claims against the Company, the Company agreed to provide Mr. Wenig with (1) the payments required to be made to him under his letter agreement with the Company dated September 29, 2014 upon a termination without cause, which letter agreement was originally filed with..."

The key bit is that the CEO stepping down triggered a severance agreement for termination without cause. This lines up with the reporting that he engaged in unethical behavior and had to be forced out.

[1] https://www.sec.gov/ix?doc=/Archives/edgar/data/1065088/0001...

[2] https://www.sec.gov/Archives/edgar/data/1065088/000119312519...

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