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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 Bitcoin just passed $5,000
Why is it so popular among online gambling transactions? Afaik to be able to withdraw money from a gambling site you will go through a screening (id, address verification) so anonimity is broken anyway.
samsonradu··on Why Germany’s happy, successful: Its values are the opposite of Silicon Valley’s
As someone who's been to Germany often and just visited New York for a few days I'd be inclined to say Germany does it better in taking care of its citizens. All the wealth the USA has seems to be translated into too little for its people. Dirty streets, tons of homeless people (or close to homeless), a subway system that looks worse than what's in my home country (Romania) and many more. Felt people are unfriendly, I couldn't even get proper indications on how to get places. Also plenty of people looked tired and overworked.
samsonradu··on Delta Is Flying into the Path of a Category 5 Hurricane Again
Mailed you, thanks.
samsonradu··on Delta Is Flying into the Path of a Category 5 Hurricane Again
Question to people who were in San Juan after Irma: After how long was driving possible on main highways? (eg. from the Bay Marina to the airport)
samsonradu··on Delta Is Flying into the Path of a Category 5 Hurricane Again
Well I'm about to find out what works since I'm a tourist and it's my first encounter with such a thing. But as sibling said, a big solid building and supplies for a few days. Just hope to make it to the airport on thursday and fly back home.
samsonradu··on Delta Is Flying into the Path of a Category 5 Hurricane Again
Well the hurricane hasn't arrived yet, it is expected to hit San Juan late night/early morning (coming from the other direction). It's just windy atm, nothing uncommon yet.

Source: I'm stuck in San Juan, having my Delta flight for tomorrow morning cancelled.

samsonradu··on China's Central Bank Bans ICOs
> First off, bubbles are a side effect of the money cycle which is created by central banking -- both the Dotcom and 2008 bubbles were created by the Fed selling money below cost, building a massive carry trade in, for instance, houses.

I agree, though I think at the root it's created by people investing irrationally and the wisdom of crowds that comes with it. Part of that can be mitigated by good regulation.

> Secondly, if there is a crash, the best thing to do is nothing. Let the people who invested poorly get wiped out-- it's better for the economy.

This is quite a harsh and risky thing to say. It is the fair solution, however sentiment and trust plays a big role in economics. If big(ger) banks had failed back then it would have been much worse for everyone.

> Bailouts are part of the game-- thats how they scam us. Bailouts don't protect us (that's the con.)

I think the scam actually happens through the years prior to the bailout, when institutions close their eyes to the bubbling up of the economy. Once the crash moment is reached there is not much left to do.

Thanks for the book reference, I have a very long flight tomorrow and I was actually looking for some books!

samsonradu··on China's Central Bank Bans ICOs
Because when the whole system collapses due to gigantic bubbles explodind (caused by the lesser financially educated masses) the government will likely use your tax money to keeps thing afloat and you won't like that either. Your money only has value in an economically stable context.
samsonradu··on China's Central Bank Bans ICOs
Wow, is this satire? The amount of buzzwords on that Twitter account [1] is staggering.

[1] https://twitter.com/LydianCoinLtd

samsonradu··on To Understand Rising Inequality, Consider Janitors
Media keeps telling us Apple is not investing, but hoarding cash overseas to avoid the taxation. Care to elaborate how and what they are investing in?
samsonradu··on China forbids anonymous online posts
There s quite a few throwaway comments on HN too, providing interesting information.
samsonradu··on Wall Street Banks Warn Downturn Is Coming
Oil price these days is mostly politics, it has little to do with the free-market, supply/demand and such.
samsonradu··on E-commerce will evolve next month as Amazon loses the 1-Click patent
Interesting to find out such a patent even exists. Does this mean the sites on which I have seen the one-click feature implemented were until now breaking the patent?
samsonradu··on Living on Mars: The Stuff You Never Thought About
Did you see the "Mars" series (National Geographic) ? Definitely touches the psychological implications of such a trip.
samsonradu··on Note to Google Employees from CEO Sundar Pichai
Indeed, but people will go as far as dismissing valid proofs and statistics just to boost their own ego and not feel inferior in any way.

That's like me not acknowledging that a black athlete has a genetic advantage over me that would make a difference if we were competing at the 0.1% top level.

I think Google's action is not a right or wrong approach, it's a measure of maintaining order and keeping everybody 'happy'.

samsonradu··on Note to Google Employees from CEO Sundar Pichai
I agree with you, but _cite some pseudo science here_ might actually be a solid citation (eg. Wikipedia or any other reputable study). What then?

On another note, I watched the 100m men's final this Saturday and noticed white men are worse at running than black men. Would that be racist towards whites if the stats were confirming my opinion?

samsonradu··on “Rest and vest”: engineers who get paid and barely work
Sorry, didn't mean to be a grammar-nazi. I think their job means much more than meets the eye. The guy is directly lobby-ing the US president, and highly ranked officials around the world. Mistakes at that level cost quite a lot. It might be the case that some professors can be up for the job, but would anyone take a chance?

> Point being, there's got to be a better explanation for CEO pay than ROI on their services. I'm not sure there is a better explanation for it for now.

samsonradu··on “Rest and vest”: engineers who get paid and barely work
Think you mean Jamie Dimon (JPMorgan) and my opinion is that they can't. They would likely lack the real-world experience to take highly important decisions under pressure. At that level it's not all science, knowing the right people and people skills in general are very important. His public appearances are quite good also, a very good speaker.
samsonradu··on “We will stop updating and distributing the Flash Player at the end of 2020”
Low-latency live streaming and video conferencing on the web.
samsonradu··on Norway, where no salaries are secret
One reason against open salaries is that people would do a poor job in valuing other people's jobs and the whole idea of fair wages would be extremely subjective.

It's not uncommon the case where an employee is frustrated with his manager earning X times more than them while doing 2h lunch meetings every day. The manager might bring tremendous business value though.

samsonradu··on A real world guide to WebRTC
Wowza Streaming Engine now provides WebRTC support (beta), which is great news since it can ingest WebRTC streams and transcode into any other formats for usage with non-compatible devices.

As mentioned in the article already, P2P is quite heavy to scale (one-to-many streaming) so you will likely need centralisation. WebRTC is also fragile in the wild due to NAT. Wowza would split the NAT problem into smaller pieces at least.

Not involved with the product, just really excited about it.

https://www.wowza.com/products/capabilities/webrtc-streaming...

samsonradu··on Frankfurt Is the Big Winner in Battle for Brexit Bankers
Got me curious on the German/Japanese mentality being similar, could you elaborate please?
samsonradu··on Visa to Pay Restaurants to Stop Taking Cash
There is also the option of having a Visa Debit Card and just pay from your own deposit account. Is that uncommon in the US?
samsonradu··on Battle for the Internet
Bucharest and also 3 fairly solid choices.
samsonradu··on Tim Berners-Lee approves Web DRM, but W3C members have two weeks to appeal
But what about literally recording your screen with a hand-camera? That would be quite tech-proof right? It's been done in cinemas for decades.
samsonradu··on Tim Berners-Lee approves Web DRM, but W3C members have two weeks to appeal
Thanks for the detailed description.

> .. which passes it encrypted via HDCP2 to the monitor.

And where does the decryption actually takes place?

> EDIT

https://en.wikipedia.org/wiki/High-bandwidth_Digital_Content...

> In order to make a device that plays HDCP-enabled work, the manufacturer must obtain a license from Intel subsidiary Digital Content Protection LLC, pay an annual fee, and submit to various conditions.[5][6][7] For example, the device cannot be designed to copy; it must "frustrate attempts to defeat the content protection requirements";[7] it must not transmit high definition protected video to non-HDCP receivers; and DVD-Audio works can be played only at CD-audio quality[7] by non-HDCP digital audio outputs (analog audio outputs have no quality limits).

This sounds quite far-fetched though. I'm quite sure we're going to see people literally recording their TV screen with a hand-camera soon.

How about the case where the hardware doesn't support it. Would screen-grabbing be possible then? Where will the decryption take place in that case?

samsonradu··on Tim Berners-Lee approves Web DRM, but W3C members have two weeks to appeal
Can EME prevent people from doing 30fps screengrabs of their screen and dump all into an mp4 file using FFmpeg or such?

As someone else pointed here:

> You can't simultaneously give us the content and not give us the content.

samsonradu··on Amazon engineer will let strangers manage his $50,000 stock portfolio 'forever'
That's an interesting story and I'm sure you learned a lot through the experience. I'm also sure there are plenty others like you, to whom trading was educative.

But on the other hand I'm sure there are a whole lot of young people on the other side of things. Those who start learning about stock-trading and soon see it as a way to make money fast by taking huge risks. They get spammed by 500$ signup bonuses to various stock-trading platforms, they're presented with 100x leveraged trading options and such. I don't see much benefit in that.

What I think is young people should be taught how the market works with a huge grain of salt. Definitely not by letting them go wild with play-money since we all know what will follow up.

samsonradu··on Amazon engineer will let strangers manage his $50,000 stock portfolio 'forever'
But is investing in stocks something you would want high school graduates to pick up?

I always thought of stock-picking as something that the average Joe should be careful with. Trading on less information than insiders and slowly being eaten by fees and taxes. It's an under EV game.

Besides that there's the wisdom of crowds that will eventually follow the trends and invest irrationally (pump and dump). That's how bubbles are created.

samsonradu··on Airmen who surveil the Islamic State never get to look away
Reminds me of the Rambo series. What a piece of crap scenario.
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