I mean there’s no way average joes like us stand a chance doing anything but dollar cost averaging into index funds.

E: imagine if there was a law passed that required those IMs to be public in near-real-time (releasing the transcripts days later defeats the purpose).

I remember some startup selling a stock market data API as a subscription. I don’t think they exist anymore. So anyone who spent weeks, months of their free time building an app around that API is now completely shit out of luck.

I suspect the real APIs are still running the same code they ran in the 90s and if you have to ask how much they cost, you can’t afford them.

I could be mistaken but I thought the reason Bloomberg Terminals are so expensive is because they come with the expensive, real-time data feeds.

I'm not sure what tinygrad is but I assume the markup is because the customer is making a conscious choice to support the tinygrad project. But what's unusual is there is apparently no reason whatsoever to buy this hardware, even if you plan on using tinygrad exclusively for your project. At least with System76 hardware I get (in theory) first class support for Pop!_OS.

The lesson isn’t being ignored- it’s being used as justification.

At Allstate (circa 2016), we were required to use offshore teams from Infosys. There was one U.S. software engineer for every 6 or so offshore "engineers". We weren't allowed to say "no they actually cause more problems than they fix, you can keep paying them but we'll be paying them to do nothing". Ha. You would have gotten fired for that level of "insubordination" because the higher ups legitimately didn't understand that software development is a skill - it's not like an assembly line where anyone can put an item into a box over and over again.

I am well aware that it could've just been that A) their requirements for the role changed mid-interview process, B) they didn't like my personality or I came off as an asshole, C) the mid level guy didn't want me as their "superior" for a non-racial reason or D) Other. But I think it's dangerous to just write off any suspected racism and blame something like personality or soft-skills. Racism is disproportionately detrimental to people of color, but it's still wrong when it's directed towards a white person.

In this way, AI coding is a bummer. I also sincerely miss writing code. Merely reading it (or being a QA and telling Claude about bugs I find) is a shell of what software engineering used to be.

I know with apps especially, all that really matters is how large your user base is, but to spend all that time and money getting the user base, only for them to jump ship next month for an even better vibe-coded solution... eh. I don't have any answers, I just agree that everyone has the same ideas and it's just going to be another form of enshittification. "My AI slop is better than your AI slop".

Here are a couple of common misconceptions about H-1B visas:

- "H-1B workers must be paid the same as U.S. citizens" - The issue is companies can hire, say, staff engineers from India as SWE IIs or whatever. As we all know, tech hiring is a mess and it's trivial to place a candidate higher or lower than they really are.

- "Companies cannot hire from the H-1B program if there are U.S. citizens able to fill the role." - There are some asterisks to this statement. Companies can favor H-1B workers over U.S. workers so long as H-1B workers make up less than 15% of their total headcount. And again, it's trivial to build an interview pipeline that tends to filter out U.S. candidates. Heck, leetcode style interviewing has done a phenomenal job of keeping U.S. citizens out of FAANG. It's actually quite clever - design an interview process so difficult and irrelevant to the actual job requirements that most qualified individuals wouldn't bother applying. Anyone who's left probably has special circumstances motivating them to push through and grind leetcode for months, et al. (like not having to go back to their home country).

I think the spirit of the H-1B program is great. Makes total sense. But as is tradition, there are loopholes that allow abuse... and frankly, companies like Meta and Amex and JP Morgan have an obligation to minimize expenses and maximize profits. It's the same with the tax code - loopholes out the ass, but can we really blame companies for exploiting them? It's legal.