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SHOwnsYou

409 karma · joined July 10, 2010

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SHOwnsYou··on Ask HN: Can a Capital-Flipping Tax System Pay Off the U.S. Debt
Hello,

There is no where to look. This is a fraudulent scheme. There is no way this works in any capacity when coupled with fractional reserve banking to increase the capital amount.

Th core of the idea that could maybe work is allow individual citizens to invest into a SWF and get some kind of priority as an early investor. This could allow some alignment of incentives.

But it's not real. A bigger problem emerges. Investors expect returns (especially if you offered favorable terms to jump start the fund), making it not really sovereign anymore. It comes under the whims of investors, which will all be proportionally high earners. Leaving the bottom earners poorer relatively.

Then you need to consider how it's managed, which investments are made, how are investment decisions made in terms of preferred vendors, vendor a vs vendor b. Becomes a nightmare logistically and really just becomes a target for corporate raiders via regulatory capture or even just kickbacks and hush money.

All of this just becomes redistribution with questionable chances for returns with high risks of fraud due to, among other items listed above, extreme moral hazard of the borrowers.

SHOwnsYou··on Ask HN: Can a Capital-Flipping Tax System Pay Off the U.S. Debt
This is a redistribution scheme. It is a transfer of wealth to those who can take the risk to contract for the creation of the wealth generating assets. For example, a regular joe isn't going to start a construction company and win road creation contracts. The contracts would go to existing construction companies with proven histories of creating roads.

This is playing musical chairs with money while at the same time using leverage to do it. The poor get way poorer because what few dollars they do have will be worth less. The rich get way richer because there are more dollars to go into their coffers. The poor don't get many new dollars in their coffers because they have no extra money to play musical chairs with, so they never join the capital pool in proportion nor do they receive its investment dollars.

SHOwnsYou··on Ask HN: Can a Capital-Flipping Tax System Pay Off the U.S. Debt
Hello! Novelty is incredible.

While economics is basically voodoo, it appears you've stumbled onto a fast track to derailing the country.

The federal reserve flipping $600 capital into $5400 of capital also creates $5400 of debt. Possibly more over time as interest weighs of the $5400. The way banks "flip" assets into higher amounts via fractional banking is by loaning it out. It doesn't just become 9x'd on their books magically. Someone has to take on the debt.

I'm not seeing how this is self-financing anything; it looks more like refinancing while causing gigantic inflation of the money supply by 9x. A $1 today is worth $0.10 after this. This is circular investment with leverage, backed by an increasingly unstable government.

Can you explain more on this actually works in practice? Where is any upside? Current debt goes away, but is replaced by 9x as much debt held by the federal reserve or swf?

SHOwnsYou··on Pediatricians Created the Peanut Allergy Epidemic
More people are exposed to peanuts today than they were 100 years ago.

What do you think about the possibility that this is similar to rates of other diseases "rising", where really it may be an artifact of access to new populations?

SHOwnsYou··on Ask HN: Help with Glioblastoma
I'm sorry to hear your situation. Thymosin Alpha 1 (abbreviated TA1) is a peptide that upregulates T cell responses in the body. This directly helps the immune system perform better.

This is hardly a cure all, but has certainly proven to be effective in other cancers (couldn't find references to gliablastoma) and conditions with compromised immune systems.

This is a summary of usage and safety profile: https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7747025/#:~:tex....

You may have some difficulty initially locating it. It may technically be illegal - the FDA banned many peptides recently. It is still findable by searching for clinic that supports the use of peptides (they would have sourcing figured out).

SHOwnsYou··on Ask HN: Burned out SaaS founder: how to go minimal
Dude you’ve got to talk to someone. Not professionally (maybe that too) - but just a peer To talk to as a friend. The factual shit to ground you and connect you to someone else: where you grew up, how to met your wife, what college was like, your kids, etc.
SHOwnsYou··on Ask HN: Would you do a beautiful whiteboard text and diagramming skills course?
This for me also.
SHOwnsYou··on Walmart Gives Up Replacing Store Cashiers with Machines
I love the Walmart checkout machines. They suffered initially from poor software. The update made in the last 4 months or so is 100x better.

I see two frequent problems.

The first is people with a full cart of items. Without the lazy susan of bags, scanning and bagging takes a long time. Not to mention checkers presumably have some training regarding grouping like items and other tricks of the trade Walmart has gleaned over the billions of transactions in their history.

The second is people that are not confident using the software - I hate to generalize, but usually it's older people. Someone unfamiliar or inefficient with the software can slow down the customer flow significantly, even if their cart size is small.

I love it not only because as a millennial that works in software, using the self check and adapting to unfamiliar situations comes easier to me, but also I rarely check out with more than 5-10 items because I go shopping 3-5 times per week rather than once per week.

SHOwnsYou··on Ask HN: Should I keep using stimulants?
The way you talk sounds like you're putting a lot of pressure on yourself. If you do that, it will manifest with unhealthy ways - stimulants, breakdowns, etc.

My first year of undergrad was by far the hardest. Weed-out classes are a real thing. It will get easier after year 1.

Taking adderall a few times is hardly abuse, but taking it when you don't need it is definitely a bad habit to begin during university.

SHOwnsYou··on Ask HN: Do any consumers prefer targeted ads?
I very much prefer targeted ads. I don't have time to research the numerous products released each day that target my demographic. Seeing ads that are specific to my interests are important. I don't prefer seeing the same ad every time, a la youtube. I want variety in my ads, but "revisiting" ads over time is good to me. I have fairly broad interests that I actively engage in - gardening, fitness, gadgets - I want to see the latest products in those areas and be reminded of items I've seen advertised before.
SHOwnsYou··on Ask HN: Will you ever eat meat that is grown in lab?
I'm not interested in lab grown meat.

I don't each much meat anyway, but the meat that I do eat is grass fed & finished and raised semi-locally. I prefer the path closer to nature than to the lab.

SHOwnsYou··on Ask HN: How do you end an industry?
This is a very disturbing question. Why do you want control over other people, especially with regard to casinos, betting, and porn? All of those are consensual indulgences.

What is an ethical limit and who decides where the line is drawn?

SHOwnsYou··on Ask HN: How do we know Bitcoin is not in a bubble?
Your first paragraph basically describes the sunk cost fallacy. People have put money in, so they will make sure the value doesn't drop below their investment.
SHOwnsYou··on Ask HN: What's the state of the classic JavaScript stack?
I work in ecommerce. Enterprise lite sort of work. We have SLAs in place that require browser compatibilities. The tech stack tends to stay rather basic. jQuery is about as advanced as we get.
SHOwnsYou··on Tesla Motors, Inc. Is Now Officially Tesla, Inc
I hope his long game is launching solar arrays into space and beaming the power back to earth, effectively combining Tesla Motors, SolarCity, and SpaceX
SHOwnsYou··on Ask HN: What is the essential ability gap between the elite and the public in US?
Access to capital. Pay to play is very real in a number of sectors.
SHOwnsYou··on Overview of JavaScript ES6 features
Ahh, I get it, Thank you! In the same way var scopes to window if defined outside of a function, let scopes it to the current script block. That is very neat.

I'll read more into uses of let over var. Function level scoping a la var feels like less mental overhead, but as I read more I'm sure my opinion will change.

SHOwnsYou··on Overview of JavaScript ES6 features
From the article--

let x = 'outer';

function test(inner) {

  if (inner) {

    let x = 'inner';

    return x;

  }

  return x; // gets result from line 1 as expected
}

test(false); // outer

test(true); // inner

This makes it seem like let creates global variables. Why would you want to return a variable from outside the function? Doesn't that create massive overhead in terms of keeping track where variables are initially set? Easy to understand in this example, but what if let x = 'outer'; is defined at the top of a 5000 line script and this function appears near the bottom?

Edit: Turns out I don't know how to format code. This is in the first example of section 3.1 Block Scope Variables.

SHOwnsYou··on Overview of JavaScript ES6 features
Honest question here ---

What is the difference between let and global variables? There are hundreds of articles written about the doom associated with PHP globals, but let appears to be universally lauded. I must be missing something, but I can't tell where.

SHOwnsYou··on Ask HN: When was the last time you clicked an ad deliberately?
All the time. Demanding job + non-computer related hobbies limit my time to find new things I like.

I patronize websites that are for my demographic. I follow people that advertise things I like. They do the initial sourcing, then I do the research into whether or not I like that product.

SHOwnsYou··on Ask HN: What's the best investment you've made?
I'm inclined to believe him. https://en.wikipedia.org/wiki/Taylor_Caby
SHOwnsYou··on What are the odds we are living in a computer simulation?
The problem I have with simulation theory is why would the creators of the simulation be so cruel as to give the us (the sims) self realization.

I can see creating a world of sims, running on autopilot, even with variable personalities, talents, and beliefs. But why would you let each sim be conscious of their surroundings?

It's infinitely cruel to arbitrarily create and destroy sentient beings.

SHOwnsYou··on Ask HN: Why “database as a service” didn't succeed?
Latency. If you're already hosting on AWS or GCE, using their databases is commonplace.

But if you host your frontend, it doesn't make sense to talk to a database in a different datacenter when you could instead put it in the same rack.

SHOwnsYou··on Monetizing Automated Testing?
That is exactly what we're doing. I used Selenium to create all the tests. We have 10-15 websites that we build on the same framework, so in many cases, one test is applicable to every site.
SHOwnsYou··on Could really use your opinion
I tried to fill out the survey, but I left blank my frequent programs and my email address. Consequently I can't submit the rest of my answers. It may be beneficial to not require all answers for feedback to be submitted.

Also questions 1-3 make the progress meter jump all over. 50% after the first question, eventually down to 25% at question 4 where it steadily goes up and appears to work correctly.

SHOwnsYou··on Ask HN: Health insurance for California freelancers?
Fellow California freelancer. I'm also get raked over the coals on insurance cost. Previously, my wife and I had great coverage (for us) for ~$220/month. After looking at our options on the California exchange, our costs are going to jump to $4-650/month, depending on the plan.

I haven't found any work arounds yet. But being a freelancer in California, you already know we are hit pretty hard by the tax man. This is unfortunately not unexpected.

The good news is that while costs have jumped, it only takes 3-5 hours per month to cover insurance costs rather than 1-2.

However, if you're not happy with the extra costs, you could try getting a hassle free job as a remote employee and use their insurance policy to come out ahead.

SHOwnsYou··on Ask HN: Client refused payment, told us to come back with lawyers
In the United States, a verbal contract is valid up to a contract value of $500.

If someone tells you they'll give you a $10,000 to do or say something ridiculous (eat a week old pizza, drink milk through your nose, etc), you can't sue them when they don't deliver; They aren't on the hook for $10,000.

SHOwnsYou··on Ask HN: Investors asking us for another technical co-founder
Does he have a history of bad results? I'd have a pretty strong reaction to potential investors suggesting I replace a capable employee, but it sounds like you're ready to ditch him at a moment's notice.

If he has a history of inconsistency, you don't need potential investors to tell you that. If he has proven capable, I'd be concerned about your concept of loyalty.

SHOwnsYou··on Native iOS 7 Styling with CSS - Pixate 2.0 Released
I'm really curious about this but I can't find any examples on the website.

Even in the documentation section, the Getting Started and Styling Reference both 404.

SHOwnsYou··on Show HN: Instawell, an anonymous community for our health + New API
I'm wondering if this is a solution in search of a problem.

There isn't much point to casually browsing the site right now - I can see that someone else has achy feet, but I get no deeper insight; no comment explaining their situation nor comments from others that may have been similarly encumbered in the past.

Additionally, I only really share my health concerns with one person that isn't a doctor, and she lives with me.

The faces seem like a distraction when sharing anonymously. Many of them don't have an intuitive meaning, so I figure they're just for fun.

Also I couldn't figure out how to login or register on the site. I found out it's not actually required to share a health status, but since you listed it in the Show HN post, I looked around for it.

I do like the look and feel of the site - very straightforward and great colors, fonts, and design.

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