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sanmon3186

169 karma · joined February 9, 2013

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sanmon3186··on For first time a dedicated conversation on cryptocurrency in US congress
> move money out of non-western countries (India and China amongst others), into western countries

I lost you there. Isn’t it moving in all directions?

sanmon3186··on Americans are spending less on clothing
I really admire that. There is stigma attached to second-hand clothes, at least in India. If you can afford it, it is almost unacceptable to wear second hand clothes, especially outside family and friends.
sanmon3186··on Americans are spending less on clothing
My job requires me to travel to US (from India) almost every six months. On most weekends I just buy clothes for my family. It is interesting that half of those clothes are usually made in South Asia, but are cheaper and better in the US.
sanmon3186··on A pessimistic vision of India’s looming environmental and economic collapse
And India did have different govt for 6 decades that didn’t focus on Hindu agenda but had “Us vs Them” in other forms.
sanmon3186··on A pessimistic vision of India’s looming environmental and economic collapse
India has more arable land (though less productive) than China.
sanmon3186··on Amazon, Berkshire, JPMorgan to Create Healthcare Company
Absolutely. So based on what I know their financial products and customer service is awesome but I doubt if it comes at a price which is lower than the market (even after considering what they give back to its members).
sanmon3186··on Facebook to Let Users Rank Credibility of News
The fact that Facebook walls are visible to everyone, any controversial topic usually gets reaction from both sides. Whatsapp groups are formed based on likemindedness (I am excluding core family and friends). I call these groups echo-pipes which silently form a larger echo chamber.
sanmon3186··on The US is the most expensive nation in which to have a baby
So what stops Americans who can’t afford, to cross the border for delivery or cheaper healthcare.
sanmon3186··on Always start with simple solution
English is my second language, and I do same mistakes with “a”, “an” and “the”. Though I try to stay grammatically correct, I often get corrected by my daughter, who is more exposed to English than I was at her age. I am sure someone can point a mistake or two, in two lines that I just wrote.
sanmon3186··on Skyrocketing Bitcoin Fees Hit Carders in Wallet
I have zero idea of technology of RaiBlocks but how it gets distributed, has nothing to do with it. What am I missing?
sanmon3186··on Big Banks Are All Over Blockchain
Ripple coin can [potentially] provide single currency for banks operating across the globe, if it is able to get wider acceptance and ensure low volatility. I too have my doubts but this[1] post explains it well.

[1] https://medium.com/@AlexCarrithers/xrp-vs-ious-on-ripple-wha...

sanmon3186··on Ask HN: What similarities might the crypto market have with the dot com bubble?
> Additionally a lot of YC-type people benefit by the current VC system and funding via ICO’s or similar mechanisms is anethema to what they have constructed.

Aren’t REQ and QSP supported by YC.

sanmon3186··on Ask HN: What similarities might the crypto market have with the dot com bubble?
I would have agreed with you to a certain degree if this post was just about BTC. OP asked about crypto-market, and BTC can’t represent all of it even if it has the lion share. Your response paints everything as Ponzi scheme (or that’s how interpreted it) which is unfair to serious projects.
sanmon3186··on Tax-Free Bitcoin-To-Ether Trading in US to End Under GOP Plan
I tried cointracking.info a couple of months back and figured that it would take some time for it to stablize. With different exhanges using different formats, and no support for all exchanges (at least the ones I am using), it is tough to tally. I finally used their export as basis and built my own excel sheet. I don’t think I have it all figured but I am happy with what I have. Now whenever I make any transaction, I add entries to my sheet.
sanmon3186··on Bitcoin Takes Bigger Wall Street Stage with Smooth CME Debut
Why would that not include bitcoin, given that there are technically better alt-coins than bitcoin? I am just curious because I have seen similar analogies elsewhere.
sanmon3186··on 2017 Was Bad for Facebook. 2018 Will Be Worse
> I have this theory that they've noticed that the platform is being used less and less

I have no data to substantiate but I doubt if it is true. May be in first world but coming from India, I believe there is still a huge market for Facebook. Internet literally means WhatsApp and Facebook to masses who are now getting affordable mobile phone and data connectivity.

sanmon3186··on Bitcoin passes 10,000 USD
Given that BTC transactions take time (and high fee), how does it work for cafes or any micro transactions of this kind?
sanmon3186··on Bitcoin Bubble Makes Dot-Com Look Rational
Bubble or not, one obvious difference with cryptocurrencies is, it is not limited to a geography or a country. I hesitate to use the term “insurance” but the risk is spread across the globe. That plus the freedom to get into it (and leave) anytime makes it unique in a way.
sanmon3186··on Equifax CEO to Congress: Not Sure We Are Encrypting Data
>none of the "encryption" done at scale at any Fortune 500 company in the US is more than a speed bump for attackers.

So why Fortune 500 companies only? I am just trying to understand what this has to do with the scale of a company.

sanmon3186··on The Minimalists want you to be happy with less
Not hygienic IMO.
sanmon3186··on Where's the Proof That Mindfulness Works?
> Kabat-Zinn is experienced meditator and I'm not surprised if his therapy works when he is involved.

Isn't the premise of MBSR, mindfulness? What in your opinion, is the delta that makes such therapies different than plain mindfulness?

sanmon3186··on Ask HN: What essay/blogpost do you keep going back to reread?
Web design: The first 100 years.

http://idlewords.com/talks/web_design_first_100_years.htm

sanmon3186··on Netflix Plans to Spend $7B on Content in 2018
Plus good content invites new customers. Netflix has expanded to pretty much entire world now (China is the only major market with no Netflix). From my experience in India, they are investing heavily on local content. Existing, original or licensed, content is not enough for these markets.
sanmon3186··on I make $10k per month with the Amazon Affiliate Program
That sounds plausible. I believe content supplemented by YouTube videos may help in such situations. The fact that there is publish date (I hope you can't change), it is unlikely someone can claim your content.
sanmon3186··on How I Made $70k Self-Publishing a Book about Ruby on Rails
Noob question. What are the implications of writing books on platforms that are commercial in nature? Say I want to write a book or apigee or IBM bluemix. Are there licensing restrictions on what I can cover and what not.
sanmon3186··on China About to Start $35B of Silk Road Plan in Pakistan
With most of industrial China on the eastern side, I wonder how beneficial will this trade route be, to China.
sanmon3186··on India raises withdrawal limit as rupee anger mounts
> There is talk going on about a possible Bank Run.

Mind sharing any source? As per my layman knowledge, what's happening here is opposite. Bank have received $30B [1] so far in deposits in last few days.

[1]http://www.forbes.com/sites/timworstall/2016/11/13/indias-gr...

sanmon3186··on India raises withdrawal limit as rupee anger mounts
>The timing is suspicious though

Well, there are elections every year [1] in India in some or the other key states. Not denying what you are saying but any timing would raise political eyebrows. IMO average citizens have no problem with politicians drumbeating things that has positive impact.

[1] http://www.elections.in/upcoming-elections-in-india.html

sanmon3186··on Don’t let your anger persist
I am an easterner who spent a few years in USA. In the beginning, I sort of liked how people seemed in control of their emotions in situations which would make me visibly angry. No one displayed their anger/frustration to the extent I am used to. This may be anecdotal but with time I observed that deep inside they lingered these emotions more than I would do, which as you implied, is unhealthy.
sanmon3186··on Ask HN: Best passive income method for a solo developer?
I wonder if there are any kind of restrictions on courses we cannot create/monetise on. Say a closed technology platform where platform owner reserve the rights.
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