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rohitb91

146 karma · joined May 20, 2018

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rohitb91··on When pop history bombs: a response to Malcolm Gladwell
I honestly have no clue how his books are so popular

They’re like for a person who wants to appear like they read and have interesting though but it’s just a few anecdotes and a complete waste of time frankly

rohitb91··on Avoid News, Part 2: What the Stock Market Taught Me about News
Reddit is just too far gone now. If you pay attention to the front page, different celebrities will be plastered over it at different times, usually coinciding with some new release.

The politics subreddit is an absolute abomination of one sided debate and everything else is shut down.

World news is basically America bad everywhere else good (but especially Canada and Scandinavia).

Trump was hitler.

Some small subreddits are useful but it’s exceptionally hard not to be sucked in to the rest of it, by design.

rohitb91··on TC Energy scraps Keystone XL pipeline project after Biden revokes key permit
What about safety and natural disasters from rail and cost?
rohitb91··on It's time for us in the tech world to speak out about cryptocurrency
0.03%
rohitb91··on It's time for us in the tech world to speak out about cryptocurrency
Someone somewhere is paying for the fees. I imagine it’s the collective of all people paying for it rather than the people actually using the machines. A bit unfair.
rohitb91··on Is that ship still stuck?
Which citizen and insult will he come up with next
rohitb91··on Coursera S-1 IPO
People have the money to take an exclusive trip around the moon but not help the homeless they step over on the way to the ship

such is life

rohitb91··on Bitcoin surpasses $50K as major companies jump into crypto
Very true. Just about every North American city would do a LOT more upgrading their transit systems a la Japan or China. Probably for a lower amount than Tesla’s market cap too.
rohitb91··on Bitcoin surpasses $50K as major companies jump into crypto
And the trend is only going up, sharply. What will people say when ONE TRANSACTION uses the electricity that a typical house uses in a year?

Meanwhile Visa is doing a hundred thousand per second with capacity for more.

rohitb91··on Bitcoin surpasses $50K as major companies jump into crypto
The whole point of bitcoin was to be decentralized. If bitcoin transactions are loaded up on an app like robinhood, then it’s no different than robinhoodbux
rohitb91··on Bitcoin surpasses $50K as major companies jump into crypto
But that’s not even remotely true. People’s standard of living is better than ever before and their chances of success higher than ever.

The narratives we craft define how we move in this world. This is a toxic way of thinking. It takes about $500/month throughout a working life to retire comfortably investing in just VTSAX.

rohitb91··on “WSB veterans know that they're making a suicide charge for the memes”
I was thinking that all of Trump's conditioning to make people think that the news is all fake and disinformation for a cause has ruined people.

For example, there were reported that Melvin closed last week. People thought it was fake news. In the article they reportedly lost 53%. If they lied about it, that would be exceptionally serious. Yet, everyone called it fake news, to their own detriment it seems.

rohitb91··on Class Action Lawsuit Filed Against Robinhood
Okay, sure, so then block the entire stock for a while. What they did was block one side. They blocked people from buying but only allowed selling. Imagine all the market sells after that tanking the price.
rohitb91··on Nikola: How to Parlay an Ocean of Lies into a Partnership with GM
The market can stay irrational longer than you can stay solvent

I think the flood of retail investors with disposable income and government benefits is leading to absurdities in market pricing. See: Hertz skyrocketing after announcing bankruptcies.

After all, the stock has dropped 90%, how much lower can it go right?

Well, to the new investors, all the way to 0.

rohitb91··on Drug overdoses are soaring during the coronavirus pandemic
I've suspected it's the same and this is an extremely hard conversation to have.

If Trudeau says 'he will take care of Canadians', how can anyone argue against that? He's a hero, he's sending out $2000 to anyone with a social insurance number, based on the honour system. In practice, people began gaming it from day one, started groups telling each other how to game it, and soon the disconnect between CERB applicants and actual newly unemployed was in the millions.

If you pass a policy that gets money in to the hands of Canadians, great, however, surely there should be some restrictions for those who can't handle any sort of money over $100 for their own health. Give a hard addict more than $100, and in a night they'll overdose. Give them, people skirting the line with full blown addiction, $2000, along with a border shutdown limiting supply and you have a recipe for a drug crisis.

Unintended consequences are important to acknowledge too, and this I think is too hard to talk about, because how can you argue with someone who is just trying to take care of Canadians?

rohitb91··on Drug overdoses are soaring during the coronavirus pandemic
Were the drug addicts the ones that were employed beforehand?
rohitb91··on Drug overdoses are soaring during the coronavirus pandemic
That's a hilarious sort of tech delusion that people make fun of

Surely a react app is the only thing in the way between global peace and happiness and harmony, let's just make a nice webpage and raise hundreds of millions of dollars for it :)

rohitb91··on America is giving up on the pandemic?
I agree that public assembly is essential regardless of what is going on.

But why were the people protesting the lock downs and business shutdowns and the limiting of freedoms the yahoos and crazy murderers? Why did nurses block them from protesting but not one would block someone now?

rohitb91··on Show HN: I made a Chrome extension to stop mindless browsing
Yep, same problem here
rohitb91··on The coronavirus pandemic drove life online. It may never return
Not sure if I'd say that the internet is destroying society but uncritical consumption of information on the internet combined with excess use that goes against what's good for the body biologically is bad for humanity.
rohitb91··on Apollo: An iOS Reddit app built for power and speed
Hey! May I ask how you decided to make a Reddit app? Did you ever consider using React Native or any other cross platform language?
rohitb91··on McKinsey, technocratic management, and structural inequality
...Do you work for McKinsey?
rohitb91··on Physician burnout widespread, especially among those midcareer, report says
The takeover of real jobs by bullshit jobs
rohitb91··on Facebook's PR feels broken
Facebook et al are knowingly leading the social collapse of countries because of the same thing that led the bankers to knowingly lead the world economy to the brink of collapse.

Money

rohitb91··on The Student Loan Debt Crisis Is About to Get Worse
But plumbers and electricians aren’t going anywhere whereas radiologists and accountants seem like they’re poised to be next On the automation chopping block.
rohitb91··on Amazon raises minimum wage to $15 for all US employees
It's not compulsory, but it's where you find a job, whether it's because you're in a transition phase, a student, an immigrant, in hard times. And it's better than no job, and it sucks, and it doesn't have to be that the company reaches a 1 trillion market cap enriching stock holders and the owner makes 150+ billion dollars while the workers piss in bottles making minimum wage.
rohitb91··on CEO’s Plan to Save Sears Would Hand His Hedge Fund $1B
I love financial irony
rohitb91··on CEO’s Plan to Save Sears Would Hand His Hedge Fund $1B
Not to mention no one paid for the crimes of 2008.
rohitb91··on How Some Consultants Fake an 80-Hour Workweek (2015)
Not OP but to get in generally go to an ivy league school, or go to a non target with an amazing GPA, ECs and luck, or have connections.
rohitb91··on Uber drivers and other gig economy workers earnings fell 50% over past 5 years
Good, more people need to realize that it's not a good system for the employees.
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