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yyy888sss | 4 years ago | on: Child suicides in Japan hit record high

Strongly agree. Recently an important religious leader in my town died, and the police stated it was accident though they had clear evidence it was suicide because they knew it would distress the public less.

yyy888sss | 4 years ago | on: Dude, where’s my stuff

Yep. Without regulations that restrict people from taking new jobs, any labour 'shortage' can be solved by offering better conditions and/or higher pay. Take it to a hypothetical extreme: if truckers were offered $500k/yr and had to work 20 hours a week there would be no shortage.

yyy888sss | 4 years ago | on: Covid in Sydney: Military deployed to help enforce lockdown

The government completely messed up the messaging for the Astra Zeneca vaccine, a lot of people think it is very risky due to the reports of blood clotting (which are actually lower than for most common medicines!!). It doesn't matter though because even the AZ vaccine is hard to get, you need to be over 40 or have medical reasons and even then you need an appointment. EDIT: And you can't even leave the country without government permission so its not like you can fly a country with vaccine availability to get it.

yyy888sss | 4 years ago | on: Tesla launches its Full Self-Driving subscription package for $199 per month

Even in Australia, where we have strong consumer protection, they still call it 'Full Self Driving Capability'.

Then underneath: "The currently enabled features require active driver supervision and do not make the vehicle autonomous. Some features require turn signals and are limited in range. The activation and use of these features are dependent on achieving reliability far in excess of human drivers as demonstrated by billions of kilometres of experience, as well as regulatory approval, which may take longer in some jurisdictions. As these self-driving features evolve, your car will be continuously upgraded through over-the-air software updates."

yyy888sss | 5 years ago | on: ARK’s Price Target for Tesla in 2025

All current analysis misses the point. Tesla is not just a traditional auto company. Musk is involved with Space-X, which is likely going to be the company that takes humanity interstellar. Additionally, right now there is a Tesla Roadster floating through space which will likely be picked up by aliens in future. This means Musk will probably become a Steve Jobs like deity figure among advanced alien species, allowing Tesla to export a luxury product at high margins throughout the Milky Way. Conservatively assuming only 1 in billion stars with an advanced civilisation, thats still a market of thousands of billions of high income aliens. Stop thinking about traditional metrics such as 'global market share' and then current valuations frankly look too way low.

yyy888sss | 5 years ago | on: It's Never a Bicycle Accident

Bikes are similar to pedestrians not cars. In bike friendly places such as the Netherlands or Cambridge UK cyclists and those on foot share the same part of the city. It helps in these places that almost car drivers also use a bike to get around so they are more aware, but the main thing is designing the cities so that high speed 2-40 ton vehicles are totally separated from low speed 50-100kg cyclists and pedestrians.

yyy888sss | 5 years ago | on: Warren Buffett's bet against hedge funds at the Long Now Foundation (2008-17)

The good news is fees are slowly coming down as it becomes clear most funds provide no value (in stability nor excess return) over an index. In Australia superannuation (retirement fund) fees were $30 billion last year, or 1.6% of GDP. Thats still a lot of money going to small number of people who are not providing much value over the funds charging 0.1%.

yyy888sss | 5 years ago | on: Global Inequality

I'd say what matters is whether you can afford something and all, and then to a lesser extent the quality of that good/service.

For example, most people in the US can at least afford a cheap used car, and can therefore go pretty much anywhere. Of course, it's nicer to have a Bentley, but a luxury car still sits in the same traffic and has to obey the same speed limits as everyone else. In the developing world however, the rich always have cars, but many normal people can not afford one at all.

yyy888sss | 5 years ago | on: Ghost cities and abandoned areas with a declining population

You would think that wealth/security is what matters but the stats show otherwise. People in poorer countries have more kids than in rich countries. And within developed countries, the poor have more than the middle class which in turn have more than millionaires.

yyy888sss | 5 years ago | on: Ask HN: What companies are you excited about?

5) Companies in the rest of the world bringing 'boring' stuff to the masses there. A low cost airline growing in South Asia or a concrete plant opening in Nigeria or modern tractors replacing human labor in India all help raise the living standards. I feel that the level of tech that people in the West have is already pretty good, and there's diminishing returns to your dishwasher or TV improving. Having a global economy that gives everyone on earth a $50,000 living standard though will be a huge improvement.

yyy888sss | 5 years ago | on: Ask HN: What companies are you excited about?

1) Chip makers (AMD, Intel, Qualcomm, Apple etc). Chips are still improving. Theres always new applications to more compute eg: 3D work can be done on laptop now, realistic renders can be ray traced with consumer graphics cards, phones can do voice recognition and so on locally. I mentioned graphics a lot but video games look amazing and some will be photo-realistic in ~10 years.

2) Tesla and other car companies. Battery costs have reduced 10x in a few decades, cars now have OTA updates and increasingly sophisticated self driving abilities (already pretty good on the highway). Whole car industry is going to electrify in the next few decades.

3) Space X is making space transport way cheaper, and Starlink seems to be a great internet solution for remote areas.

3) Open source or donation based projects. Apps such as Blender, VLC, Signal continue to improve. Sites such as Our World in Data and Wikipedia provide amazing value. Open standards such as RISC-V, AV1 continue to push forward.

4) Wind and solar. Costs have reduced 10x in a few decades. The tech is being pushed to their efficiency limits, solar can still improve a lot. Of course, the intermittency of renewables remains an issue.

yyy888sss | 5 years ago | on: Ask HN: What companies are you excited about?

Tesla made electric cars cool and desirable (starting in the 2000's when most people associated electric with the prius). They've introduced or improved a lot of tech: better battery chemistry in new form factors, more efficient motors, over the air updates, nationwide fast charging network, increasingly sophisticated self driving features etc. Tesla is exiting because they paved the way for other car companies to electrify their products.
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