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Todo lists are the only way i can get things done. In school, I remember a physics prof freshman year going in depth in how to solve problems. We had this super complex pulley system, and the first step was to label all the things, then to write out each of the balances of forces, and so on, until you’d described the whole thing. This super overwhelming problem became just a lot of simple stuff once you broke it down enough.

It’s the same with anything. If a problem is overwhelming, breaking it into smaller pieces until it’s not overwhelming is the only fix for procrastination I’ve ever found. A.k.a. the todo list.

It’s not that the applications are denied, it’s that they haven’t started operation. Below that quote it mentions another company that has gotten approval.

Below your quote, it says that NuScale has gotten approval. It’s not that nobody has gotten approved, it’s that nobody has commenced operation.

NuScale will, after about 15 years of engagement, receive a design certification later in 2022. After that- they will still need to apply with a combined license application like Oklo did.

They seem to be talking about fresh inexperienced junior devs applying to their first job or two.

> why would the hiring manager assume you’ll thrive in your new career path any better than your old one?

Tech is such a lucrative field, why would your default assumption be about whether they thrived or not before, instead of just that they recognized the good deal that tech is?

"This is a career reset, and the fact that you weren't happy topping out at $60k in your previous field is a red flag that must be explained away" is how I read that part of your comment.

Topping out compensation wise in your previous field did mean you thrived.

I meant that as "unhappy with the potential topping out at" rather than "unhappy having topped out at." But that isn't the central point anyways.

I can't help but feel bad for a lot of the stuff I read in the crypto subs. They read about people who invested like $10k into crypto and became a millionaire, then invest $100 and hope for the same. The amount of disdain in those subs for safe investments is borderline dangerous and the prevailing attitudes there are going to leave most of them worse off than they'd otherwise be.

Honestly it's scary. I literally just was talking to my nanny a little while back. She was telling me about her parents and brother, both basically pretty desperately poor, who have invested their life savings into GME, a literal meme stock. I laughed when I first heard about GME, but seeing people who have no idea what they are doing invest in something so incredibly risky is really painful to watch. Come the next big financial crisis, this cannot end well.

I basically lived this arc in fast motion that week. Monday I was like “huh, interesting”, Tuesday I had some laughs with my Dad (who works in banking) about how crazy it was, then Wednesday I started seeing a lot of my friends who work in retail and food service talking seriously about getting Robinhood accounts and kicking themselves for “not getting in on the ground floor”. By Thursday I was texting close friends trying to convince them not to dump their paycheck on this bonfire.

All along the way, there were some people who were calling me a killjoy and saying that everyone on board was in it for the lulz. But the people I saw doing this were not ironic memelords or anything, they were earnest working class folks who were taking the memes at face value and throwing money at what they believed was a chance to take down wall street while make money doing it.

Gamestop is still up 500% YOY. I'm pretty surprised it's held so much value.

The valuation before the short squeeze was pricing in the risk of bankruptcy. Covid hit Gamestop hard, and part of why it was so heavily shorted was that many thought the company was circling the drain. A year later that's no longer such a common opinion, so even ignoring the shenanigans you'd expect the price to be considerably higher.

It's very sad. I strongly believe that far, far fewer people would be doing this kind of risk-taking if their savings account was yielding at or above inflation, as it did from the 80s to around 2005.

There are much safer assets that have generally stable returns. These people are looking to get rich quick

There's this, but they're also unsophisticated investors doing unsophisticated investor things. Many of them truly don't understand what a good or bad investment is.

Or in many cases, get not poor quick.

Safer and more stable relative to GME, absolutely. But I'm also worried about the very large group people that have thrown most of their savings into the S&P 500.

So are those of us cramming leetcode for FAANG...not so different after all.

"get rich quick" by studying arduously for a full time job interview...

This is basically the 1930s stock market crash all again. Once your nannies grandma starts talking about crypto you know the bubble is due to pop soon.

Desperate people do desperate things. This is why I really hate the crypto bros - the whole system is set up to rip people off, often the most desperate and tech illiterate, given the coin and NFT pitches are transparently bullshit to those of us with no vested interest and some familiarity with the tech and economics.

People making regular salaries know their window of ever being wealthy is going away with every year they see 20-30% housing price increases. It is fucking dire making working class or middle class wages in most of the US unless you have a sizeable inheritance. Hope does not exactly abound.

So everybody gets obsessed with the lottery.

A lot of the middle class has a straightforward shot at retiring wealthy. If you invest $X per year (and adjust it for inflation) for 43 years (22 to 65), and get a return of 7% after inflation, then you can withdraw $23X per year until your 90.

For whatever income you define as wealthy, a huge chunk of society can afford to save away 1/23rd of that annually.

Under today's taxes in the US, those gains are tax advantaged compared to income, so take whatever salary you define as wealthy and put away 1/29th of it per year, roughly.

It's not accessible to everyone, but calling it "fucking dire" is just fearmongering people into being even worse off with the lottery.

> It's not accessible to everyone, but calling it "fucking dire" is just fearmongering

Individual economics are dire in terms of how much it costs to have basic security with housing specifically.

Median home price in the US was $222k in 2008, its $400k in 2022. Rents have gone up accordingly. Average person sees their paycheck go less far every year, and then add inflation on top of it. Putting away $1k in a year sure doesn't seem like it helps you.

Everything works out pretty well for you if you somehow own a house in the US, just hope you aren't behind the curve on assets.

> Median home price in the US was $222k in 2008, its $400k in 2022. Rents have gone up accordingly

This is between misleading and untrue. Home prices have gone way up, while home monthly payments haven't, due to the extremely low interest rates on mortgages. This means that downpayments are less accessible, but the rest of the payments are about as accessible as before. Until 2021, monthly payments were actually unusually cheap for the last bunch of years. Probably offsetting the higher down payments and lower inflation.

But the big one is that rents haven't gone up accordingly. I couldn't find 2022 data, but from 2008 to 2020, median monthly rent went up from $783 to $1,104. In 2020 dollars, it went from $941 to $1,104, or 17%. It's significant, but nowhere near the doubling you posted.

It’s a good point that offsets a bit of housing costs, when going from higher interests rates to lower. However when housing prices go up while the low rates stay the same housing still increases in cost. Rent amts have not stayed the same, they’ve climbed.

It's starting to feel a lot like how poor folks are more likely to buy lottery tickets...

As economists sometimes say, "lotteries are a tax on the poor". (Or, "lotteries are a tax on the stupid.")

My suspicion is that this is caused by both the marketing that crypto has done, and the wide ranging perception that the official mechanisms for investment and wealth growth are rigged against most Americans.

I see the second part routinely pushed by crypto believers.

I also see it a lot outside of crypto. Heck, it’s starting to show up in surveys about “the American dream”, lots of people now think the system is rigged.

That perception is generally correct. Even having switched to tech from another field I took seriously...it's still luck that I was able to do so to a significant degree.

To be fair I've lost over half my investment in ARKG in the past year.

They were talking about safe investments. I’m not sure most should or would consider ARK funds anything but speculative. The only difference is the companies held have some underlying assets and value.

The hate I usually see in crypto discussions is directed towards index funds or blue-chip stocks.

Outside of index funds and owning real estate/property in Western countries, what else would be considered a safe investment?

My investments knowledge is limited, but I think ARKG is an ETF, but not an index funds.

It is actively managed, meaning that specific stocks are selected to be part of the fund. This is the opposite of an index fund, where the goal is to buy the whole market.

That's why a fund like ARKG can sometime outperform the market, or, like recently, under perform. An index fund would match the whole market performance, no more no less.

Sorry I wasn't referring to ETFs, but strictly index funds when the person was talking about safe investing. I should have clarified in my comment.

Bonds. Some like precious metals. Each asset class has its own amount of risk (they aren't all equally safe).

Index funds are a pretty broad class. Risk parity adjusted pairs (TMF/UPRO). Roboadvisors.

This is the case in r/WSB for stocks but I've rarely seen stuff quite like that in crypto subs (check e.g. https://www.reddit.com/r/CryptoCurrency/top/ ). The discussions are low quality and people do obviously believe they will make money but that specific type of post isn't all that common.

Of course, I don't visit the smaller memecoin subs which might be like that and same for possibly the Dogecoin one which is the largest one which I imagine might have that type of post.

The real problem is treating them like investments, when buying/spending is what makes them valuable.

I bought $1000 worth of BTC in ~2006. If I'd held onto it I would...probably not be a millionaire today, even if the math says so, because it was band new then, and using them is what makes them valuable.

It's a tragedy of the commons problem I believe.

>I bought $1000 worth of BTC in ~2006.

that might be hard to do:

>On 3 January 2009, the bitcoin network was created when Nakamoto mined the starting block of the chain, known as the genesis block.


Maybe the Fed should have thought about it when they obliterated the interest rates which used to be the safe and default form of investment for poor and old.

I would love some formal methods baked in, so you can prove your shit works when you want to. Ideally like python and mypy, where you write your code as normal and optionally annotate.

That, or if we assume a few more years of speech recognition gets us to rock solid ASR, then a language designed from the ground up with speech as the input in mind, not the keyboard. I lost my ability to type temporarily, a while ago, and this idea has fascinated me since. I think new kinds of graphical “languages” could become more viable with ASR in mind.

Those, or a language that lets you express pipelines better. My typical pipelines at work involve many programs run on different machines. ETL some data with a spark cluster, save it to “memory” aka S3, train a model on a GPU, save it too, then deploy a service. Imagine if five line ‘main’ function in any program had to be split into five files plus a DAG declaration, and to access the state you had to refer to memory addresses by name. And you had no solid linting/type checking/etc across it. That’s the state of pipelines today.

Australia was populated long before that. 100k or so convicts shipped over a century probably means fewer than 50k shipped-convict population at once, compared to an 800k aboriginal population (plus or minus a lot).

There’s no stigma around giving more tip than expected, and there is stigma around giving less. This asymmetry drives tips upwards over time.

You might tell your low tipping friend they’re being rude, driving the bottom end up, making average higher, meaning a really generous tip has to be even higher.

> You might tell your low tipping friend they’re being rude

What constitutes rudeness is evidently more variable than I realized. Even among friends.

You should be allowed to risk your own danger.

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