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Tech bubbles are bursting all over the place

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Re: Tech bubbles are bursting all over the place

#581

Post by pclmulqdq »

worik wrote: post #497
pclmulqdq wrote: post #375

Earlier quoted context omitted.

IIRC, the energy use for crypto as a whole is on par with the energy use of the fiat currency system, if not higher. I don't know how gold mining ranks, but it may be well below crypto mining in energy use or well above. Mining energy use depends a lot on asset price, and gold prices are comparatively low (compared to other asset classes). Silicon and other electronic parts also get dumped into this market, when the…

> the energy use for crypto as a whole is on par with the energy use of the fiat currency system That is an unbelievable statement just on the face of it. But if we say: "What is the energy use per transaction?" what then? The inefficiency of crypto currency is legendary.

I meant total energy spend for both systems. Despite the transaction volume being minuscule, crypto likely burns a similar amount of energy to the energy consumption of the global finance industry today.

Re: Tech bubbles are bursting all over the place

#582

Post by seattle_spring »

Clubber wrote: post #425
afavour wrote: post #240

Earlier quoted context omitted.

They mean paying in full themselves, not backed by mortgage.

Even if you get the mortgage, it's the same as cash to the seller. The bank just cut's them a check right away. The mortgage is between the bank and the buyer.

Sure if everything works out then the seller gets the same, but there are many more reasons a financed offer will fall through versus an all-cash offer.

Re: Tech bubbles are bursting all over the place

#583

Post by Firmwarrior »

sremani wrote: post #61
PartiallyTyped wrote: post #37

Earlier quoted context omitted.

With an engineer on the helm, rehiring big names in the field, opening more fabs, and having access to TSMC's newest node over AMD[1].. it seems unlikely. [1] https://www.extremetech.com/computing/334897-amd-might-have-...

Intel has to do next 4 years what it failed to do for the past 8 years and the complexity of execution in the space is getting harder and hander. Also, they are fighting on multiple fronts, upstarts in GPU, write-offs on AI hardware, Losing share of x86 with ARM et al. Losing share in x86 to AMD, having to rely on TSMC for advanced chips. Also, some bright spots where, they are opening up their foundries for design f…

Yeah, I don't know how to feel about Intel.

Intel has been a crappy company to work for and doing a crappy job for a long time, but I'm willing to bet they still have enough highly-experienced geniuses on hand to pull through

Re: Tech bubbles are bursting all over the place

#584

Post by JoshCole »

marbletiles wrote: post #519
JoshCole wrote: post #474

Earlier quoted context omitted.

At both price points on the link the Tesla vehicle metrics are dominant over the Mercedes vehicle metrics. In fact, the $110k cost Tesla has better metrics than the $130k cost Mercedes: it is faster, accelerates faster, has higher horsepower, and has higher range. If the average Jane has $140k and wants the best value for money it is really hard to see why they would choose the objectively inferior car according to m…

“Range” is likely the only one of those metrics Jane will care about. This sounds like one of those rants we used to hear about “why would anyone buy a Mac when PCs have higher specs??” Mercedes does cabin UX like Apple does software (and BMW is better still). Maybe Jane wants a button for her wing mirrors. And door handles that work. Actually comfortable suspension. An instrument cluster. A dealer to look after her…

I've opened Tesla's doors, enjoyed the suspension of the Tesla finding it comfortable, and when I adjusted my mirrors I used buttons on the steering wheel. Usually I don't have to adjust the mirrors, because the car can automatically detect that it is me who is driving and it has memorized my mirror preferences.

Why are you lying?

Why not focus on the metrics? For example... Storage space. The Tesla? It has four times the storage space. Eighty eight cubic feet to twenty two cubic feet. The person you are defending didn't bother to announce that they created a different comparative context and no wonder - even the Tesla Model 3 beats Benz across pertinent metrics like range and storage space despite costing $50,000-$80,000 less depending on configuration choices.

Look, you can like Benz eight click and get told that you need to call the dealership and that the price listed isn't the actual price UX, but don't try and tell me that they are Apple. They aren't. Tesla lets you order in three clicks. Much cleaner. They also don't expect you to adjust your mirrors with buttons. Much much cleaner.

Oh, and who was it who removed the buttons from phones again? o.O Need to correct my worldview apparently. Thought it was Apple, but according to you they are the pro-buttons companies. Please, help darkens us with your ignorance. We need to unlearn the truth lest we make a good decision and save $80k getting a better car than Mercedes can provide.

Re: Tech bubbles are bursting all over the place

#585

Post by [deleted] »

EnKopVand wrote: post #158
freeqaz wrote: post #6

A lot of these companies have very reasonable P/E ratios now. Microsoft is sitting at around 27, Apple 25, and Facebook 15. None of those strike me as "inflated". Those are normal values for the stock market (20-25). Are investors just panicking?

Out of those I think Microsoft is the only one that isn’t sort of inflated. If Facebook disappears the world will hardly notice. If Apple does it’ll be hard to find a good laptop that can keep battery for 9 million years and it’ll be hard to find a “tech works out of the box so well that if you buy your grandmother/mother an iPad you’ll never need to do tech support again”, but still, it’s just a luxury brand. If Mic…

[deleted]

Re: Tech bubbles are bursting all over the place

#586

Post by dreamcompiler »

marbletiles wrote: post #519
JoshCole wrote: post #474

Earlier quoted context omitted.

At both price points on the link the Tesla vehicle metrics are dominant over the Mercedes vehicle metrics. In fact, the $110k cost Tesla has better metrics than the $130k cost Mercedes: it is faster, accelerates faster, has higher horsepower, and has higher range. If the average Jane has $140k and wants the best value for money it is really hard to see why they would choose the objectively inferior car according to m…

“Range” is likely the only one of those metrics Jane will care about. This sounds like one of those rants we used to hear about “why would anyone buy a Mac when PCs have higher specs??” Mercedes does cabin UX like Apple does software (and BMW is better still). Maybe Jane wants a button for her wing mirrors. And door handles that work. Actually comfortable suspension. An instrument cluster. A dealer to look after her…

Or maybe Jane just wants to say "fold the wing mirrors" and then she doesn't need a button.

BTW thanks. I rarely need to fold the wing mirrors manually in my Tesla so I only tried doing it by voice today in response to your comment and it worked. What were you saying about the cabin UX?

Re: Tech bubbles are bursting all over the place

#587

Post by sokoloff »

otterley wrote: post #323
corrral wrote: post #309

Earlier quoted context omitted.

> At that point, I'd bail, because the appraiser is raising a red flag. The point is, in a lot of markets, if you bailed on offers over this in the last couple years, you wouldn't be winning any bids in the first place, and wouldn't have been able to buy a house at all. The winning bids include guarantees that the buyer will cover the difference. If you won't do that, you'll lose to an all-cash offer from someone who…

Something seems a bit off, then, because if the market is appreciating, then the appraisers should be taking that into account. As another commenter said, they were certainly doing that in hot West Coast markets like SF and Seattle. Both houses I purchased (each in those locations) appraised at the contract price, and I bought them both within the last 7 years.

“Appraised at contract price” tells you how a bit about how grimy that process (that you’re paying for) is.

My appraiser (on a refi) was walking around the house with me and basically asked what I thought the place was worth. That was what it appraised for. (The contract price on an original sale has the same property: what the buyer thought it was worth.)

Ideally those are tethered, but the appraisals didn’t give me a great sense of independence.

Re: Tech bubbles are bursting all over the place

#588

Post by guelo »

triceratops wrote: post #60
prohobo wrote: post #21

People said this was the "best time ever to get funding" for a startup. I disagree. In my view, it was the best time ever if you played a particular game and had the right connections. I pitched an idea to a VC, which I had a prototype for, looking for $100k. He liked it but wouldn't fund because I didn't have a solid business plan. Fair enough, I need to find a business partner. But then he told me something about h…

What's your project? $100k seems like an odd amount of money to ask for, to me. You can't staff up very much with that, but it seems like a lot of money to pay for AWS/hosting-type bills when you're just starting out ($10-30k should be more than enough). It only makes sense (again, to me) if what you really want is access to the VC and their network. But again, I don't know shit about VC and angel investing.

Don't know what YC's current deal is but $100k is in the range of what they used to offer.

Re: Tech bubbles are bursting all over the place

#589

Post by sokoloff »

mancerayder wrote: post #315
cwilkes wrote: post #303

Earlier quoted context omitted.

No broker in their right mind is deliberately underpricing the homes they represent. Why would they? A homeowner talks to another broker and they say they can get 20% more than the first one. Who is the seller going to go with? When we sold our house the broker put it at a fair price. Then along came a couple that’s been outbid a number of times and offered 30% over within 24 hours of listing. Was the home underprice…

They set the price well under market in order to generate interest and visits. Next, in the same time interval multiple people bid, and you get a bidding war. Alternatively, price it at what you want it, and let it sit however long it takes. For hot markets, the former is what is done, in the US at least

If you think the house will sell for $1.01M, you should absolutely list it just under $1M (so it hits the screens of shoppers who are only looking at $700K-1M houses).

Re: Tech bubbles are bursting all over the place

#590

Post by omgwtfbyobbq »

more_corn wrote: post #434
petra wrote: post #358

Earlier quoted context omitted.

The DMV outsourced it's service in some areas. Service improved. So it's possible to benefit from the benefits of public spending and private efficiencies. It's a pretty common method for governments to spend money.

AAA DMV services is amazing. Phenomenally more humanized and efficient. My favorite example of public private partnership.

They are pretty amazing. I had a trailer I assembled titled at a AAA office and it took about 30 minutes start to finish.
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