Earlier quoted context omitted.
I'd probably offer some sort of support/consultancy services and prioritize the work of the paying users, making it clear when filing github issues and pull requests. This could easily sustain you in a passive income way so you can spend most of your time working on things that matter more to humanity.
Yeah, I think especially in finance companies would be willing to pay for support and feature development. There has to be a way to monetize the project and make it so at least it pays for your time. There's nothing wrong with a labor of love, but the companies using your software can afford to pay for your time.
My tiny side project has had more impact than my decade in the software industry
121–130 of 195 posts
Re: My tiny side project has had more impact than my decade in the software industry
#122https://vmsave.petekeen.net if you're curious.
Re: My tiny side project has had more impact than my decade in the software industry
#123I work in finance. About 5 years ago I started building a FIX library on my spare time, out of curiosity. Over the years it has been countless fin tech start-ups as well as big companies reaching out to me about the library, suggesting fixes and features. Since then I have long lost the interest in the technology which enables connectivity to financial exchanges to automate trades, but I keep working on the library f…
Re: My tiny side project has had more impact than my decade in the software industry
#124Earlier quoted context omitted.
It would be nice to make a list of such niches. Things that wouldn’t take more than a couple of hundred hours to make (at max) and are tremendously useful, especially to vulnerable populations like old people, people with limited internet connection, physically challenged people etc. These need not be super polished, optimized etc. They just need to work correctly and solve a problem quickly and easily
old people are a special demographics (I encounter a few of them regularly, for IT reasons or not) the obvious fields in the list: - education - healthcare - justice someone on HN showed an app for people to find good workers for home rework, this kind of stuff could be tremendously useful, and more generally the organization layer of society is very lacking. This also match the issues at the courthouse, basically ma…
Re: My tiny side project has had more impact than my decade in the software industry
#125To me, this is the entire point of software and automation. To give time and money back to people, because I want to make the world better. I see software being priced to just barely be worth it for the buyer because it saves time (e.g. Mailgun and Auth0). When I write software, I want to price it so that it saves them so much money adoption is a no-brainer. "Free" pricing would be included in that, of course. Unfortunately, I also don't write much useful software.
Re: My tiny side project has had more impact than my decade in the software industry
#126I work in finance. About 5 years ago I started building a FIX library on my spare time, out of curiosity. Over the years it has been countless fin tech start-ups as well as big companies reaching out to me about the library, suggesting fixes and features. Since then I have long lost the interest in the technology which enables connectivity to financial exchanges to automate trades, but I keep working on the library f…
I've been a user of your project and it's fantastic. I think you're being too hard on yourself. The proliferation of marketplaces and assets to trade (and all type of projects, automated trading, market making, etc... that your project enabled) can been seen as a net positive, as a win win for all parties involved and more. From a microeconomic perspective, your library enabled access to startup using js and with rel…
I think the contempt comes from the fact that financial instruments have a tendency to concentrate those benefits in small proportion of the population. Low-cost mortgages are an excellent example: these have enabled wealth gain for those who were able to get them at a certain time. But that gain has come almost entirely at the expense of those who weren't able to (or simply didn't) get them, who now face greatly increased rent and house prices.
Re: My tiny side project has had more impact than my decade in the software industry
#127Earlier quoted context omitted.
There is a common refrain in charitable organizations that are focused on helping the poor: "Sometimes you have to feed the greedy to get to the truly needy." In other words, the greedy will always take advantage, but that doesn't diminish the help you give to the needy. There is simply no way to totally filter for the greedy. This doesn't really apply directly to your situation, but at least for every greedy company…
I do find this aspect of human morality interesting... people get REALLY upset at freeloaders, to a degree that is not proportionate to the cost they add. We choose to spend a ton of resources to prevent freeloading, even when the amount we spend to stop them is more than we actually lose to the freeloaders. I guess it kinda makes sense as social creatures, but it can be frustrating at times when you are trying to he…
Is it also more than what we would lose to freeloaders if we did nothing against them? If yes, then it's indeed not rational. But if no, then it's just indicative that what we are doing is working.
Re: My tiny side project has had more impact than my decade in the software industry
#128Earlier quoted context omitted.
I do find this aspect of human morality interesting... people get REALLY upset at freeloaders, to a degree that is not proportionate to the cost they add. We choose to spend a ton of resources to prevent freeloading, even when the amount we spend to stop them is more than we actually lose to the freeloaders. I guess it kinda makes sense as social creatures, but it can be frustrating at times when you are trying to he…
> We choose to spend a ton of resources to prevent freeloading, even when the amount we spend to stop them is more than we actually lose to the freeloaders. Is it also more than what we would lose to freeloaders if we did nothing against them? If yes, then it's indeed not rational. But if no, then it's just indicative that what we are doing is working.
Re: My tiny side project has had more impact than my decade in the software industry
#129As a dev at a large company, I'm wondering how the author went about open sourcing the side project. My employment contract stipulates that anything I write for work is owned by the company. This company wouldn't have any motivation to let me open source the work I do, which in my case does not go into any product. The reason I ask is that I have written, as part of my day job, a scientific library in C# that doesn't…
Did you agree on the price of that extra work? If not, I recommend to set price prohibitively high, e.g. $100 per line of code or $1000 per hour of work. If your company really want to own your side project, then they will need to pay the requested price.
Re: My tiny side project has had more impact than my decade in the software industry
#130I work in finance. About 5 years ago I started building a FIX library on my spare time, out of curiosity. Over the years it has been countless fin tech start-ups as well as big companies reaching out to me about the library, suggesting fixes and features. Since then I have long lost the interest in the technology which enables connectivity to financial exchanges to automate trades, but I keep working on the library f…
I've been a user of your project and it's fantastic. I think you're being too hard on yourself. The proliferation of marketplaces and assets to trade (and all type of projects, automated trading, market making, etc... that your project enabled) can been seen as a net positive, as a win win for all parties involved and more. From a microeconomic perspective, your library enabled access to startup using js and with rel…
Yes, the only thing financial intermediaries would be missing is the actual funds (largely paid by the middle class) to bail out corporations for the second time in less than twenty years.
> Don't be fooled by the contemporary contempt against finance.
There has been contempt for greed and corruption for a long time, and for the same reasons that finance continues to earn it today. If the middle class didn’t constantly bail out the banks and their related parasites, you would all be bankrupt.
Frankly I don’t want to hear any advice from anyone in the financial industry until you demonstrate the ability to pay taxes and save enough to make it through the next crisis without crawling to the capitol building with your hand out.