Savings are now more liquid and part of “M1 money”
Money is marvelously nuanced. Because different assets can be used as money, we need several categories and definitions to keep track of it. M1 describes the most liquid and widely...
Every blog post that took off on Hacker News, ranked by the votes of its best submission. 16,898 posts.
Money is marvelously nuanced. Because different assets can be used as money, we need several categories and definitions to keep track of it. M1 describes the most liquid and widely...
Snippet: What is the problem we wish to solve when we try to construct a rational economic order? On certain familiar assumptions the answer is simple enough. If we possess all the relevant information, if we can start out from a given system of preferences, and if we command complete knowledge of available means, the…
In February 2003, a bunch of the outstanding bugs I'd reported against various GNOME programs over the previous couple of years were all closed as follows:
One of the most controversial updates to the 2011 Scrum Guide has been the removal of the term “commit” in favor of “forecast” in regards to the work selected for a Sprint. We used to say that the Development Team commits to which Product Backlog Items it will deliver by the end of the Sprint. Scrum now encourages the…
This article outlines the responsibilities of users, including employees, students, and faculty, who create and maintain personal webpages to ensure that the content is appropriate, accurate, and accessible to all users.
Society runs on software but software building tools are buckling under the demand. In this report, Nadia Eghbal addresses the challenges.
This means that while hardware computing horsepower increases at roughly 60%/year, compiler optimizations contribute only 4%. Basically, compiler optimization work makes only marginal contributions.
Slides and video from my talk "Domain Modeling Made Functional with the F# Type System"
We’re making conversations quicker and easier.
Towards the tail end of PubCon, I noticed a spate of articles talking about subdomains and subdirectories in Google, and I wanted to talk more about this subject in case I was unclear. Historically…
Software developers don’t really like to make schedules. Usually, they try to get away without one. “It’ll be done when it’s done!” they say, expecting that such a brave, funny zinger will reduce t…
Any regulation, including those around net neutrality, should be put to a cost-benefit analysis. In this case regulation advocates come up short.
Sometimes I just can’t get anything done. Sure, I come into the office, putter around, check my email every ten seconds, read the web, even do a few brainless tasks like paying the American E…
The US is so economically exceptional that the poorest 20 percent of Americans are richer than many of the world’s most affluent nations.
April 2005 This summer, as an experiment, some friends and I are giving seed funding to a bunch of new startups. It's an experiment because we're prepared to fund younger founders than most investors would. That's why we're doing it during the summer—so even college students can participate. We know from Google and…
CloudFlare protects over 4 million Internet properties using our global network which spans 86 cities across 45 countries. Running this network give us a unique vantage point to track the evolving cost of bandwidth around the world.
June 2006 (This essay is derived from talks at Usenix 2006 and Railsconf 2006.) A couple years ago my friend Trevor and I went to look at the Apple garage. As we stood there, he said that as a kid growing up in Saskatchewan he'd been amazed at the dedication Jobs and Wozniak must have had to work in a garage. "Those…
Lately I’ve been doing some career counseling for people off Twitter (long story).
When you’re trying to get people to switch from a competitor to your product, you need to understand barriers to entry, and you need to understand them a lot better than you think, or people …
Amazon is a bundle - it’s hundreds of separate businesses, all running on the same common internal platforms. The big, established ones are highly profitable, but Amazon chooses to reinvest those profits into new businesses, so that reported net income for the company overall looks low. This mask
(Jonathan Rees had a really interesting response to Why Arc isn't Especially Object-Oriented , which he has allowed me to reproduce here.) Here is an a la carte menu of features or properties that are related to these terms; I have heard OO defined to be many different subsets of this list.
After more than four decades of serving as the nation's economic majority, the U.S. middle class is now matched in size by those in the economic tiers above and below it.
The notion that anyone in America who is willing and able to “pull themselves up by their bootstraps” can achieve significant upward mobility is deeply embedded in U.S. society. Conventional wisdom holds that class barriers in the United States are the lowest among the world’s advanced economies. Motivating this…
Primary efficacy analysis demonstrates BNT162b2 to be 95% effective against COVID-19 beginning 28 days after the first dose; 170 confirmed cases of COVID-19 were evaluated, with 162 observed in the placebo group versus 8 in the vaccine group Efficacy was consistent across age, gender, race and ethnicity demographics…
Back in the early 1980s, Dr. David DeWitt – who you might know from past PASS Summit keynotes, formerly of Microsoft (LinkedIn) – was working on measuring database performance. His team wrote a benchmark, ran it against Oracle, and Oracle didn’t fare well in the results. Oracle reacted as one would expect – they were…
An in-depth, factual analysis of Robert Kiyosaki's Rich Dad Poor Dad. Discover the dangerous advice, factual errors, & misleading claims exposed by John T Reed.
November 2005 Venture funding works like gears. A typical startup goes through several rounds of funding, and at each round you want to take just enough money to reach the speed where you can shift into the next gear. Few startups get it quite right. Many are underfunded. A few are overfunded, which is like trying to…
Something important is almost never mentioned in all the literature about programming and software development, and as a result we sometimes misunderstand each other. You’re a software develo…