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wtvanhest

4,646 karma · joined March 20, 2011

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wtvanhest··on Electric aircraft set to take flight by 2026 under new agreements
That seems like an important question. Maybe they will have a lot of individual batteries that they can charge simultaneously.

Alternatively, maybe they could swap out the bottom of the fuselage or wings.

wtvanhest··on If you want to transform IT, start with finance
I have worked in FP&A for the past 6 or so years after working in the investment world. For a short time (8 or so months) I supported a CIO and had to approve the NPV analysis of every tech project that the company did.

The thing that most project managers / engineers don't see is that finance's real job is to simplify the story and fact check the assumptions so that execs can rely on the investment being reasonable. Execs don't care if the NPV is to the penny, they care that it makes logical sense and that business leaders (brand leaders, region leaders or whoever is SVPsh level) supports the project. More than 50% of my time was just talking to execs trying to lock down support for other people's projects so they could get them done.

Often times when a project get rejected, its not because finance made the decision, its because tech didn't get the right business leaders on board before asking for a project investment.

> Risky and unproven new projects with unclear (but potentially massive) returns or indirect relations like production engineers increasing the productivity of application engineers through automation do simply not exist in that world.

If you do a lot of risky and unproven new projects with unclear (but potentially massive) returns, the business will go bankrupt and everyone will lose their jobs and equity. Incremental, but repeated small and correct bets usually are best for driving high returns on capital overtime. Sometimes when an intuitive exec sees an opportunity they need to take a shot on goal and risk some capital. In those cases, finance is kind of out of the picture as the exec needs to stand on their own.

> And that includes the finance department, of which I've certainly seen some of the most stupid ideas. Like software capitalization/activation that did made sense for converting opex to capex in the GAAP sheets, but in the end drove all the best engineers away because of all the mindless paperwork. Just one of many examples.

The opex to capex justification stuff comes from accounting, not finance. Its very painful, but the accounting teams must follow the law/gaap rules of accounting.

> Finance isn't any more intelligent than the other players in the company.

Absolutely correct. Just another cog in the corporate machine. If you find yourself frustrated with any cog (co-workers) its probably best to talk to them and figure out what you are missing.

Most people are trying their hardest.

wtvanhest··on Facebook extends its work-at-home policy to most employees
I’m talking about Naples, Florida. I should have specified.
wtvanhest··on Facebook extends its work-at-home policy to most employees
I grew up in Naples. If you have only been there 6 months, you haven’t lived there during the summer yet.

That said, I actually love Florida’s climate. The problem with Florida for me is the lack of outdoor activities, especially in the summer except for the beach and boat.

I personally prefer the bay areas hiking, access to park, playgrounds etc, but if you prefer beach, Florida is amazing and you adjust quickly to shorts 320 days a year.

wtvanhest··on Trials begin on lozenge that rebuilds tooth enamel
Not sure why you need the extraction, but for me personally, I had my teeth shift ever so slightly which threw off my bite. Pain was excruciating. The solution was a tiny amount of polishing a few of my teeth so my bite was better lined up.

If someone had told me to remove the teeth because of the pain, I would have said yes.

I’d at least make sure that they tested your bite before you move forward with extraction.

wtvanhest··on Chrome extension recommends local businesses while shopping on Amazon or eBay
True fit is more of a conversion boosting tool rather than a tool to help the consumer.

I worked at Levi’s Corp for 3 years and was surprised to learn that clothes have large tolerances in sizes to keep costs down.

True fit says you should select a size based on the size you wear in another brand. That won’t work because no brands have consistent sizing. Even if a brand used extremely tight size tolerances, brands actively size up and down their clothes based on the whims of merchants.

The solution is to just buy 3 sizes of each item you want and select the best fit and return the rest.

wtvanhest··on Cryptography behind the top cryptocurrencies
I started learning how to program some solidarity for fun and just to understand the whole concept better. While I agree that in the short-run 1-5 years, it’s extremely unlikely that something wins agains ETH, but... in the long run, 10-20 years, it’s a lot harder to know.

Not sure what that means for anything, but it’s important to remember that what we consider the gold standard today, BTC, ETH, they may be tomorrow’s tin.

wtvanhest··on Coinbase S-1
First, congrats to everyone at Coinbase. What a great step in their journey.

I’m going to hijack the negativity here and ask if anyone has any advice on writing a first smart contract.

I feel like I cannot fully understand ETH or BTC lightning until I write one for fun. Does anyone have any advice on how to get started?

wtvanhest··on Ethereum Isn't Fun Anymore
In the case of crypto, it probably should. The reality is that there is so much compute power aimed at BTC/ETH, that if you try to use a 'cheap' crypto currency, it is susceptible to compute power attacks or at the very least, hasn't been battle tested against non-compute attacks.

IMO, if you are going to write a smart-contract or "invest" in crypto, you should have an extremely good reason to do it anywhere but ETH/BTC.

The price and value of the chain give an signal of security.

wtvanhest··on AirPods Causing Tinnitus (600+ reports since 2019?)
Mine comes and goes. I find that if I drink from a water bottle with a straw, I’ll get it periodically for about 24 hours after.
wtvanhest··on An experiment in giving cash to recently homeless people [video]
the hardest part of UBI for me to understand is how much of it will be eaten by inflation and how much will actually help people.

I’d like to see a lot of research on that part of the topic. Maybe take a zip code and give everyone UBI in that zip and see how things like housing prices change within that zip.

wtvanhest··on Show HN: Haven – Run a private website to share with only the people you choose
The real service is their hosting:

"If running it yourself is too daunting, we can host it for you on your own dedicated virtual server for as little as $5 per month."

wtvanhest··on Show HN: Haven – Run a private website to share with only the people you choose
This is like the classic DropBox comment [1]. The activities you describe seem easy to you, but are really hard for the average person. Authentication in Webpress? I imagine that is more than a 10 minute activity.

[1] https://news.ycombinator.com/item?id=8863

wtvanhest··on Johnson and Johnson single-shot vaccine appears 66% effective in global trial
Personally, I’d rather take the J&J which uses old, proven tech. In 5 years we will know a lot more about nRNA vaccine long-term safety, and I’ll be much more comfortable taking an nRNA vaccine at that point.

When I’m eligible, I still may take the nRNA, but my preference is on older tech at this point.

I fully acknowledge that the nRNA is extremely likely to be safe, but it’s just my preference

wtvanhest··on Pentagon Puts F-35 Full-Rate Production Decision on Hold
Reinforced cockpit doors were not implemented on planes until around 2002. Meanwhile, hijackings fell dramatically after only basic fight security that was implemented nearly 20 years before that.
wtvanhest··on Pentagon Puts F-35 Full-Rate Production Decision on Hold
Hijackings were extremely common prior to flight security. TSA was another level, that was extremely frustrating throughout the 2000s, but at a minimum it prevents wildly unstable people from boarding with weapons

Check out this list https://en.m.wikipedia.org/wiki/List_of_aircraft_hijackings

wtvanhest··on Bitcoin is a disaster
I have been buying small amounts of bitcoin since around 2015. I have a very small portfolio, but growing?

Recently I have had friends that are very far from the tech scene, but well versed in investment risk pick up BTC as institutions announced the onboarding of coins.

I have no idea if $30k / btc is reasonable or insane, but I think we will know when bitcoin gets to the final price as the correlation to gold gets closer to 1.

Housing price is up, but not rent (all over US), that is driven by lower rates rather than inflation.

All that said, a ton of money was dumped on the market. We won't know until later in the year what the result of that is.

wtvanhest··on Shamelessness as a Strategy (2019)
Your Miami example is a very politically charged statement that the left makes in this country while the right makes an opposite statement that there is no global warming at all.

Both lies are used to gain political power by Politicians.

Both lies cause real harm. Saying the lie about Miami while simultaneously saying you can lie about it due to your faith is as wrong as the right saying there is no chance global warming is real.

wtvanhest··on Lambda: Turn Excel formulas into custom functions
It’s absolutely true. Most spreadsheets in BigCo are viewed by at least 3 or 4 people. No one likes it when they open a spreadsheet from someone else with a macro because it dramatically increases the learning curve.

If you just had custom functions, you can trace them back pretty quickly and end up with an understanding. Teams will also probably create ‘known’ custom functions for their use case, like converting account Chart of Account codes to finance COA codes etc.

wtvanhest··on Apple’s head of security indicted in Santa Clara County CCW case
That really isn’t the point of my comment or this case. If someone wants to challenge the constitutionality of the ccw permit, that is a different topic
wtvanhest··on Apple’s head of security indicted in Santa Clara County CCW case
This one is tricky.

On one hand the CCW permit is for the personal benefit of the person receiving it. If the company needed armed staff, they could simply hire full-time armed guards. There is no reason head of security at Apple needs to be armed using a concealed weapon. They are not going undercover to bust smugglers or whatever.

On the other hand, the payment was to the Sherriff's office, not the sheriff himself. That makes it a lot less like bribery to me because it still benefits the government.

What makes it especially tricky is that it seems as though the Sherriff asked for the payment. If they did and provided official written documentation to Apple, that feels like a professional and real agreement to provide hardware to the government.

At the end of the day, what will make this bad for Apple's head of security is that he was personally benefiting from the Sherriff's actions by receiving favorable treatment for a CCW he didn't need, and used company hardware to get that favorable treatment.

wtvanhest··on Full text search on 400M US court cases
It is all be public records. The source of the original data is the court system. If a 3rd party physically scrapped it from the court system, others should be able to digitally scrape it.
wtvanhest··on $200k in sales from a $6k advertisement
TBH, I had the same thought. Theoretically if the return was that good, they would not need to break up the capital investment and manage lots of individual relationships. They could simply raise the capital they need at a very low price and have 1 relationship which would be much more efficient.

It is either a scam or an incredible investment opportunity. We will know in 3 months. If it is a scam, they will keep selling them individually. If it is an incredible investment opportunity, they will stop selling them and be funded by someone who is reading the article today. In the US, their investment proposal likely violates the law by guaranteeing a return.

I hope its an incredible investment opportunity and I hope they deliver what they say they will.

wtvanhest··on SEC raised the limit on Regulation Crowdfunding from $1.07M to $5M
In the vast majority of cases, the good investment opportunities are already restricted to people with substantial assets or income.

The vast majority of 'investment' opportunities available to people without substantial assets or income are scams, or very likely to underperform investments.

Even in SV, VCs are feverishly competing to get their investments accepted by the best companies.

The law may feel counterintuitive, but is a good investor protection that needs to be in place.

wtvanhest··on Activists turn facial recognition tools against the police
Maybe... but after we had a baby, I bought life insurance to protect the family from the unforeseen loss of income in the event anything happens to me.

I was talking to the person doing my physical and he mentioned that most men he sees are being ‘nagged’ in to buying insurance by their wives after a baby.

I found that to be interesting. It’s ultra irresponsible to not have some coverage, and if I were on the other side, I would nag too.

wtvanhest··on Dropbox Converts to Permanent WFH
I'm sure you have talked to your exec team at length about the pluses and minuses of that type of structure. That structure feels like a great trade-off that gives employees enough flexibility to reduce their housing costs, while also keeping the culture in place.

Would you mind sharing some of the thoughts your team had while you explored the options available? It feels like such a good move IMHO, I'm very interested in learning how you got there.

wtvanhest··on Y Combinator Failed Startups
Probably be much more informative to talk to non-c-level employees who do not have an incentive to modify the story.
wtvanhest··on Electric shocks to the tongue can quiet chronic ringing ears
I found that mine seems to be mechanical. If I drink out of a water bottle with a straw, it is typically worse the next day. Also, if I drink alcohol, it makes me clench my jaw and my tinnitus is bad the next day.
wtvanhest··on How Corporations Scam Their Shareholders and Screw over Workers
The math is the same regardless, and slightly more favorable if you consider tax implications to do buybacks. This article is so light on insight and information that the title is clickbait.
wtvanhest··on American Airlines Bans Wearing Too Much Personal Protection Equipment on Board
Oh, I should have clarified, I was wondering about in home purifiers
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