Viewing profile — jy1

There's plenty of digital goods with low margins that apple forces a 30% cut. e.g. Spotify, Twitch, Patreon etc. Most of the funds go to the creator. Completely breaks the model wh…

Doesn't everyone at openai have "profit participation units"? https://www.levels.fyi/blog/openai-compensation.html

Dollars and euros are in areas with the strongest economic regions in the world. What about the billions of people in emerging markets such as turkey, argentina, africa etc that do…

Crypto is used everyday by millions in many countries including turkey, argentina, africa. You may be lucky to have a great financial system in the US but thats a very narrow POV.

TL;DR You cant offboard USD with binance, but you can offboard crypto. It forces binance US users to Coinbase or kraken etc

There's a lot of utility outside of the US, in countries without stable currencies. It's no web, but its a lot more impactful than say self driving cars (thus far), 3D-printing, or…

Likely the investors negotiated the terms in return for funding.

It's all dependent on performance. $30/month is actually really low if it works well. If an employee costs $300k/yr fully loaded, then they only need to save ~15 minutes per month …

According to the S-1: They are paying out about $400m/yr to preferred shared holders, which will be wiped clean on IPO (preferred shares convert to common), allowing the company to…

It's possible the downtown will get worse, not better. S&P500 near all-time highs. Unclear if things actually get better in a year or two. Perhaps the owners think the valuation is…

People often conflate AI progress with hardware progress. If we had hardware as flexible, robust, and "cheap" as the human body, we'd solve a lot of these problems such as retail, …

Yes there is of course a subset. There is no 100% painting of Yoda, with exception of perfectly copying an existing work. You can a take a photo of Yoda at Disneyland. Disney still…

An analogy for software engineers: Scenario: The XYZ Algorithm Let's say you are a software developer working on an extensive library that deals with data processing. You come acro…

Just because Disney can stop you from commercializing something does not mean they own the copyright of the entire work. Suppose you make a Yoda painting. You do not own the rights…

Imagine you're an human artist, and you painted Mickey Mouse (let say playing pickeball). Disney doesn't own the copyright to your artwork, but of course they own the copyright to …

Incredibly bearish stance from HN here. Uber creates major consumer surplus for both riders and drivers.

They don't pay corporate income taxes without a profit but they still pay plenty of tax: 1. Sales Taxes 2. Payroll Taxes 3. Property Taxes etc

A common narrative lately is that a lot of stock prices are highly correlated with money supply. E.g. The only reason 2021 bubble happened is because the FED printed trillions of d…

It's up substantially when calculating total return (including dividends) https://twitter.com/Tsartoshi/status/1680139560074764288?s=2...

Network effect. The mods don't really offer anything. People won't leave for another platform because there's no content/community. It's even hard for an individual subreddit to le…

What makes you say self driving is 10 years away?

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