ctrl_freak's comments

ctrl_freak | 6 years ago | on: Tether Says Stablecoin Is Only Backed 74% by Cash, Securities

> If I went to a bank with a billion dollars I could likely negotiate an even higher rate for such a savings account.

I don't think that's how it works. As others have mentioned, FDIC insurance only covers 250k per depositor per bank. Typically when entities have that amount of cash (think Apple, Google, etc.), they put them into US government bonds, which are effectively equivalent to deposit accounts.

Edit: this is an interesting point, though. Ignoring the insurance issue, what would a bank do if you asked to open a deposit account with a billion dollars (paying, say 2%/year)? My uninformed layman's speculation would be that they would reject you because they wouldn't know what to do with that much money: they have to somehow lend out enough of it to at least break even on the 20 million/year that they're paying you for interest, but at the same time they have to be able to give you back your 1 billion at any time you ask for it.

ctrl_freak | 7 years ago | on: Is “Senior Software Developer” a Meaningless Title?

Are "Senior" titles meaningless in many companies? Absolutely. But they also matter in many others.

It seems as though the author's "juniorness" is showing through while writing this. In particular, the assertion that "programming skill is the most important skill for senior developer". I'm not sure that's true. You cannot write code in a vacuum; software development requires communication and understanding of the business to ensure you're solving the right problem. Doesn't matter how great your code is, if you write a solution to the wrong problem, you provide zero value. At companies where seniority is done well (FAANG, etc.) your performance is measured not just on the quality of your code, but the impact you provide to the business: this includes code quality, but also working on projects that matter to the bottom line of the business, enabling teammates to do their best work, bringing in new people, basically acting as a multiplier force.

ctrl_freak | 7 years ago | on: Depression

UW grad here. Running has really helped me maintain motivation and life outlook throughout the years. When I was at Waterloo during the winter I would switch to swimming, which while not quite as enjoyable for me as running, was still hugely beneficial. I dealt with a sprained ankle last year and had to switch back to swimming while it healed. I don't know how much you enjoy it, but if you're just inexperienced at it, it's definitely worth the effort to become better.

Therapists are also great. PM me if you ever want to talk.

ctrl_freak | 7 years ago | on: C, C++, x86/x64 assembly: The case of forgotten return

I actually don't even like -Werror for development. When I'm developing/testing/debugging, I frequently want to run partially implemented functions (a good example of this is repeatedly commenting out blocks of code to bisect a problem). Trying to deal with warnings about unused variables/parameters is extremely cumbersome.

ctrl_freak | 7 years ago | on: Ask HN: How did you find your current job?

Yeah, it was decent. My experience was that it provided a lot of leads in a short amount of time. In a matter of a week, my plate was completely full, doing phone screens, take-home problems, and on-sites. Got several offers from some pretty cool startups at the end of it, and it was nice to have salary expectations up front.

I would say that I completely underestimated the amount of time required for it. It skews more towards startups, and it seems like take-home problems have become the norm in their application processes now. If you're going to take this route, I would recommend taking 2 weeks PTO from your day job to dedicate to this.

For my last job change, I took a much more passive approach. Over a period of a couple of months, I engaged with a couple of recruiters who reached out to me, only interviewing at 2 companies, and then took this job. Far more relaxing and less pressure. The only downside is that I felt like I had less negotiating power at the end.

ctrl_freak | 7 years ago | on: Ask HN: How did you find your current job?

I work at a large, well-known Silicon Valley company. I interned at the company while I was in college, but decided to work elsewhere after I graduated. After a few years, one of their recruiters reached out to me via email, went through the normal interview process, and ended up with the job.

Past jobs/internships have been a mixture of applying directly on college job boards, recruiters reaching out through email/LinkedIn, and Hired.

ctrl_freak | 8 years ago | on: Ask HN: Who is hiring? (July 2017)

FogHorn Systems | Mountain View, CA | ONSITE | Full-time | Software Engineer

Senior Staff Engineer (C++): https://www.linkedin.com/jobs/view/249907949/

Quality Engineer Lead: https://www.linkedin.com/jobs/view/303024806/?lipi=urn%3Ali%...

Principal Staff Software Engineer: https://www.linkedin.com/jobs/view/249776276/?lipi=urn%3Ali%...

FogHorn is an early-stage startup in the Industrial Internet of Things (IIOT) space. We specialize in edge computing, meaning that we do real-time computation near the source of the data, which presents unique technical challenges with respect to CPU and memory footprint of our software. We've developed a functional programming language, VEL, and an associated compiler. We also work on machine learning, low level optimization, and building distributed systems.

ctrl_freak | 9 years ago | on: The Wall Street Journal to Close Google Loophole Entirely

The reason I posted the workaround is because I feel like the publisher is trying to have their cake and eat it too. In other words, they enjoy the publicity they get from having their articles shared on Google, Facebook, Hacker News, but these sites usually don't want to feature articles that require their users to pay, so WSJ sets up a soft paywall that lets some of these users view the article for free.

But of course that becomes a bit of a blurry moral line. If I start browsing Google News in the hopes of stumbling upon a WSJ article so I can read it for free, is that immoral? What about if I google the headline of an article I'm interested in? Automatically setting my referer to facebook.com whenever I visit wsj.com probably goes too far, but then where do you draw the line?

Anyway, I feel very strongly that either everyone from HN should be able to freely read an article shared here, or no one. If no one can read it, then the link shouldn't be allowed here.

ctrl_freak | 9 years ago | on: 2017 State of Global Tech Salaries

As brilliantcode mentioned, Facebook, Microsoft et al are using Vancouver as a visa staging ground for people outside of North America. Most Canadian software engineers can work in the US on the TN (which doesn't have a cap like the H-1B) so they don't have visa issues. They bring them over to Vancouver, basically training them there, and once they've worked there for a year, they're eligible to use the L-1 visa, because it's considered an intra-company transfer, so they can move them into the US.

The Vancouver offices are not an investment in the Canadian tech industry; they're just taking advantage of our more lenient immigration laws and the convenience of the city being geographically close to San Francisco. Waterloo and Toronto seem to be taken much more seriously as remote engineering offices for American companies (possibly because of the universities and amount of tech talent in the region).

It's kind of a shame though. Vancouver is a beautiful city, conveniently located, and there's no good reason why it couldn't be Silicon Valley of the north. If they could just figure out how to make it more economical to live there for software engineers (i.e. cheaper housing and higher salaries), it could quickly become a booming tech hub.

ctrl_freak | 9 years ago | on: Ask HN: What is the biggest untapped opportunity for startups?

To add on to this, my understanding is that technically "calories in, calories out" is correct in the sense that weight gain/loss depends on the net caloric intake for your body. But your base metabolic rate, and as a result your daily energy expenditure, is affected by many different things, including the composition of the calories and the timing of the consumption. Insulin plays a major role in weight gain/loss, and simple carbohydrates have a tendency to spike it.

ctrl_freak | 9 years ago | on: FBI Is Building a Watchlist That Gives Companies Real Time Updates on Employees

> I think you're also wrong that local governments are frequently committing abuses; the federal government seems to do that much more frequently

I think I read a study not too long ago that indicated state and local governments actually had much higher corruption than the federal government. I tried to find it now; the best I could come up with was an article from nymag [1]. It's an interesting read, and one of the interesting tidbits it notes is that state house elections track US house elections with a correlation of 0.96, in other words, much less accountability at that level. Perhaps one of the reasons why the federal government seems more abusive than local governments is that it gets more media attention.

[1] http://nymag.com/daily/intelligencer/2014/09/ferguson-worst-...

ctrl_freak | 9 years ago | on: Vancouver house prices are falling

Admittedly I'm not an expert in this, but isn't demand for housing relatively inelastic? I have no idea whether 13% foreign buyers is considered high for a city, but it seems conceivable that it could fuel a large boom in real estate. Especially if a lot of these units aren't even being lived in.

I have a hard time believing that Vancouver real estate prices have been driven by 'organic' demand. It's a beautiful city, for sure, but the economy isn't exactly stellar. Canadians are probably overextending themselves, but I doubt the average young Canadian with 60k income can quality for a 1 million dollar mortgage.

ctrl_freak | 9 years ago | on: Vancouver house prices are falling

Vancouver's market isn't really comparable to the Bay Area. They have actually been building quite a lot of new housing, and have been for some years. Vancouver's real estate boom was mostly caused by foreign buyers (Chinese) using it as an investment vehicle and a place to park their money. This is a reason why Vancouver is among the top 2 or 3 most unaffordable cities, because the median wage (~60k CAD) there doesn't support owning a family home, which could easily be over a million CAD.

I doubt a foreign buyer tax would have much of an effect on the Bay Area, since much of it is driven by internal demand and high salaries. On the other hand, places like Sydney, Auckland, etc. have similar problems with foreign buyers and could probably benefit.

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