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samsonradu

1,592 karma · joined May 21, 2014

radusamson[at]ymail.com

Techie & armchair economist

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samsonradu··on Manhattan rents cross $5k threshold for first time
Maybe we have different definitions of posh, but 5k gets you very far in East Europe capitals. That’s a lot of money that can get you 6+ bedroom villas in downtown Bucharest.
samsonradu··on The Uber leak exposes the global war on workers
At 40USD you got 'scammed', even with the meter, as the regular price should not go over 20$. Up until ~2016 the airport taxi business was the wild west, with a lot of shady/unauthorized drivers operating there. Things got much better now, unauthorized cabs can't access the Arrivals area, there are machines to order an authorized cab and authorities clamped down on the use of buggy taxi meters.
samsonradu··on Substack is laying off 14% of its staff
Much like a non-liquid stock, stop all the trading and the company valuation will (on paper) be computed using the last trade’s price.
samsonradu··on Bad government policy is fueling the infant formula shortage
It’s all explained here: https://mattstoller.substack.com/p/big-bottle-the-baby-formu...
samsonradu··on Bad government policy is fueling the infant formula shortage
Matt Stroller writes a very good newsletter[1] on monopolies and antitrust matters. Last article touched this exact topic.

[1] https://mattstoller.substack.com/p/big-bottle-the-baby-formu...

samsonradu··on Countering threats from North Korea
Me too, receiving spam job offers with bit.ly links.
samsonradu··on Welcome to Web 3.0
Yes, that’s true but for the sake of the argument lets say it solves that problem. What do web3 and NFTs solve?
samsonradu··on Welcome to Web 3.0
> With no authority that decides whether I can send money to/receive from someone.

That’s actually a good point and Bitcoin/crypto solves this. Why doesn’t it stop there though, what does web3 solve?

samsonradu··on Germany commits €100B to defense spending
I think it shows quite a disconnect on your behalf to call it ‘war games’, it’s real people out there dying as you write this comment. A country sticking its head in the ground ignoring this to focus on internal matters is not a solid long term strategy.

Also NATO is not some kind of puppet Germany can use however it sees fit. It’s a group, where each member has its own interests and views and one day they might diverge from Germany’s.

While all the things you mentioned are very much needed, so is the power that ensures their security.

samsonradu··on Request bodies in GET requests
Yes, can be handled with middleware (interceptors) that throw the `response.error`
samsonradu··on EU Commission to open source software
XML is not insane, actually it’s an open standard for writing legal documents: https://en.m.wikipedia.org/wiki/Akoma_Ntoso

Legal text is not prose, it does have structure and metadata attached to it.

samsonradu··on India seeks to block most cryptocurrencies in new bill, government says
But doesn’t this power dynamic - the fact that there is a miners committee somehow talking to a devs committee -beat the purpose of decentralization (no single decision-maker)?

Won’t this become politicized eventually and we’ll end up with a Central Bank-like structure? Imagine some elected dev going on CNBC to tell us they need to mint more coins.

samsonradu··on India seeks to block most cryptocurrencies in new bill, government says
This is a part of crypto I do not fully grasp. How much power do the developers vs the miners have over the direction of the project?

What happens if the devs go crazy and decide to eg. Ban transactions smaller than $1M worth of coins in code.

Someone made the point the other day that miners might not fancy this PoS change because they’re heavily invested in equipment.

samsonradu··on Sweden no longer stands out in pandemic, says architect of ‘no lockdown’ policy
It’s surprising how many people think about lockdowns as some kind of a 1h drill.

Kids, and many people for that matter, cannot just stay in lockdown for months like domestic cats without triggering mental health issues.

samsonradu··on Classified tank specs leaked on War Thunder game forums again
The allure seems to be there: https://www.washingtonpost.com/national-security/navy-nuclea...
samsonradu··on Dutch cities want to ban property investors in all neighborhoods
You’re right, banks don’t cooperate internationally in this area, but it cuts both ways no?

How can one get a mortgage in Holland without being a resident/having income declared there? The bank will not loan a foreign resident in those circumstances. Did he pay taxes in all those countries?

samsonradu··on Reducing sugar in packaged foods can prevent disease in millions
Same applies to the most common drink out there, Coca-Cola. Used to be a heavy consumer, now it feels my jaw gets stuck from all that sugar stickiness.
samsonradu··on 38% of remote workers work from bed
This is spot on. The 'bottleneck' in programming is not the screen size or typing speed but the I/O of information in the brain.

I too stopped using multiple screens some time ago because it felt like being overwhelmed with information and experiencing fatigue, while not being more productive.

samsonradu··on Virgin Galactic Unity 22 Spaceflight Livestream [video]
Doesn’t GMT follow daylight-saving time while UTC does not?

https://www.nhc.noaa.gov/aboututc.shtml

samsonradu··on The Growth Ponzi Scheme
This is a legitimate concern and as an eastern european I’ve always wondered what happens to old condo buildings, of which we have plenty.

Turns out every once in a while the gov picks up the tab and performs the reparations, while giving the residents an option to pay for the expenses during the next eg. 10 years or when selling their property. Some do refuse of course but mostly it works because the added value is quite high since it happens in hot areas where price/sqm is above avg. There are also estate investors buying bulk property in these old blocks knowing they will benefit from it, pushing retirees aside.

There are still plenty of troublesome condo blocks laying around without anybody touching them, but this might be a decent approach.

samsonradu··on Global minimum corporate tax: 130 nations to support U.S. proposal
No. Losing weight might read as being weaker. Why would any gov want that?
samsonradu··on $365B wiped off cryptocurrency market after Tesla stops accepting Bitcoin
Right: https://www.binance.com/en/support/articles/360033162192
samsonradu··on Bill Hwang of Archegos Capital lost $20B in two days
I’m guessing parent is not familiar with the leverage on crypto platforms. https://www.binance.com/en/support/articles/360033162192
samsonradu··on Starting a crypto project
> Security is hard.

I'm still wondering how no impactful hacking occured to this day at major exchanges or even the major blockchains. By now it's probably a top-level target worldwide.

samsonradu··on Bank of England to explore a potential Central Bank Digital Currency
Right. Push this insanity too much and people will start bartering using gold/silver/crypto and such. Then the gov is forced to ban the use of assets and things get complicated.

Whether this is good or bad on the long run is debate-able, but it would shake things up globally.

samsonradu··on EU cities contemplate life with less Airbnb
Partially AirBnB can be blamed. But one needs to also point to the elephant in the room, inflation.

Eurozone and US Central Bank policies are more-or-less "Cash is Trash" so markets react by throwing their savings at literally any asset that can, at least in theory, preserve value, including real estate.

samsonradu··on U.S. rent has increased 175% faster than household income over past 20 years
> So if you are lucky enough to make the "average" pay in the area that means you can get a 1bd apt...assuming you qualify. A very low end house you need to make $75k/year to purchase...again assuming you qualify.

I think in many parts of western Europe average earners can’t even afford a 1bd apt.

samsonradu··on Why inflation is not a threat
In Romania most of the mortgage loans are floating rate, tracking the 6 month ROBOR (equivalent of EURIBOR).
samsonradu··on Is Being Salaried a Scam?
I follow your point, though knowing more about them I actually incline for a different conclusion.

There is a lot of slack in the corporate economy which became more transparent under wfh.

samsonradu··on Ask HN: How to think about crypto lending?
Side question (non crypto related), does paying for it automatically makes the advisor legally liable for the advice in most 'advanced' jurisdictions?
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