by picture on 8/21/24, 2:08 AM with 253 comments
by AYBABTME on 8/21/24, 12:30 PM
It ended up capturing perfectly a bunch of ideas I've been having for a few months now. ZIRP was toxic. It made us bad and lazy. Identifying the phenomenons and explaining their mechanisms has been a useful exercise.
I think this post will stay in my brain for a long while. I'm at this point in life and this resonates a lot. I want to build useful stuff with intrinsic value and I'm sick of the BS that exulted in the last decade. In my own way I'm trying to start ventures, so it's a good motivating call.
Slow start but damn solid article.
by stong1 on 8/21/24, 5:55 PM
by Aleksdev on 8/21/24, 6:56 AM
by biofox on 8/21/24, 6:03 PM
`` Hackers should not think of themselves as "oh I am this little guy fighting Big Corporation" or whatever. This is low agency behavior. Instead become the corporation and RUN IT THE WAY YOU THINK IT SHOULD BE RUN." ''
One question though, to the suggestion that hackers should focus on raising capital in a way that gives them breathing room... how the hell am I supposed to do that?
by Elfener on 8/21/24, 1:04 PM
by lifeisstillgood on 8/21/24, 9:26 AM
by winterrx on 8/21/24, 10:05 PM
This.
by benreesman on 8/21/24, 6:36 AM
But let’s take it easy on the gatekeeping that any of that is even a little complicated.
Quantum chromodynamics is complicated: price-time precedence in financial markets is flash cards.
by willguest on 8/21/24, 8:11 AM
This is the most generic trap of all. Get good at something and then extrapolate to claim that you know how everything works. I suggest that, given the insane proliferation of valueless derivatives and ejection of human values from these systems, a more suitable conclusion might be that this is how the world dies.
by goodpoint on 8/21/24, 1:26 PM
Hacker culture is inherently antiauthoritarian. Wanting to become the big corporation is something you would expect only from "hacker" "news".
by default-kramer on 8/21/24, 6:35 AM
> Do not swallow blackpills. It's easy to get really cynical and think things are doomed
> Creating leverage for yourself. Hackers should not think of themselves as "oh I am this little guy fighting Big Corporation" or whatever. This is low agency behavior. Instead become the corporation and RUN IT THE WAY YOU THINK IT SHOULD BE RUN.
Should I do it? Does this mean me? Obviously not, because I don't know shit about EDR. But obviously neither does Crowdstrike. I mean really, I couldn't possibly do any worse... right? Right? On the internet, it's easy to feel outclassed. But IRL, a large majority of people suck at their job. So in theory this should work.
In practice, I guess I'm just blackpilled. For much less effort I can get paid 6 figures for 2 hours of work per week. [Also, I realize that winning at business is more difficult than I'm implying. But if my former bosses, who didn't do much other than yell at people and also drugs, could build a 25M/year business then you probably can too.]
by kazcaptain on 8/21/24, 6:29 AM
by defrost on 8/21/24, 5:07 AM
Calling All Hackers | 2 points 15 hours ago |
Phrack 71 | 194 points 1 day ago | https://news.ycombinator.com/item?id=41296949
Calling All Hackers | 7 points 1 day ago |
Phrack Issue #71 | 12 points 1 day ago |
by TacticalCoder on 8/21/24, 10:03 PM
by 78987978k87 on 8/21/24, 2:30 PM
life is all about systems. once you understand how to break down systems, you can hack all of them. it does not matter what your knowledge or skill level is on a particular system as long as you can break it all down to its fundamental parts and understand its behavior. most things you only need to observe before understanding.
I agree with others though, the article comes across as a little cocky. its also fine to be a hacker who only focuses on one particular area. it does not make you less of a hacker. you only need to understand systems.
by shahzaibmushtaq on 8/21/24, 1:02 PM
> "My point is, it is not just about computers. It's about understanding how the world works. The world is made up of people. As much as machines keep society running, those machines are programmed by people--people with managers, spouses, and children; with wants, needs, and dreams. And it is about using that knowledge to bring about the change you want to see.
That is what being a hacker is all about."
I usually read/listen to people's experiences and whether or not their stories truly make sense depends on how they present them to the world.
by boomskats on 8/21/24, 12:15 PM
by vicken on 8/21/24, 10:36 PM
by neycoda on 9/3/24, 2:08 AM
by iwontberude on 8/21/24, 5:00 PM
This has been a pretty tried and true way for me to figure out who is schizophrenic and who is important.
by fredgrott on 8/21/24, 5:21 PM
TARP was closed in fall of 2023 as all assets were sold off, see https://home.treasury.gov/data/troubled-asset-relief-program
That means assuming we do not screw up again, no more zero or negative interest situations.
by matrix87 on 8/21/24, 7:23 AM
all this shit I hear about working in early stage startups and I'm honestly surprised why anyone would bother (unless they're a founder)
by udev4096 on 8/21/24, 1:43 PM
by adhambadr on 8/21/24, 7:44 PM
by 0xbadcafebee on 8/21/24, 4:15 PM
by shepherdjerred on 8/21/24, 6:25 PM
Are there any good resources to understand the world's financial systems as a layman? I'm not looking to be an expert.
by SebFender on 8/21/24, 12:00 PM
by sudd11 on 8/22/24, 4:50 AM
Loved this line: "Nowadays, to me it's about creating good jobs for my friends, helping our customers, and taking care of the community".
Good luck!
by debo_ on 8/21/24, 5:51 PM
This is a very... interesting definition of "the world."
by sixthDot on 8/21/24, 9:09 AM
by kayo_20211030 on 8/21/24, 3:30 PM
by RaVeN_ShP on 8/21/24, 11:57 AM
by pcdoodle on 8/21/24, 4:45 PM
by fsndz on 8/21/24, 11:21 AM
by jchor on 8/21/24, 10:27 PM
by zenetix on 8/22/24, 8:11 PM
In this system, someone has to lose for someone to win. Felt like a strong reminder that capitalism subsumes all critique into itself.
by set5think on 8/21/24, 12:32 PM
-Hassan
by hsbauauvhabzb on 8/21/24, 9:12 AM
Just because we’re both hackers, doesn’t mean you can call on me. I don’t care about all your handles or what you think hacking should be, get to the point and stop wasting my time.
by port19 on 8/21/24, 8:48 AM
Bold
by ThatUnknownDude on 8/23/24, 9:34 AM
by kelsey98765431 on 8/21/24, 4:35 PM
by mrinfinitiesx on 8/21/24, 4:45 AM
by afpx on 8/21/24, 5:16 PM
by denvaar on 8/21/24, 3:36 PM
EDIT: I actually love that it's text based, even to the point of creating sigma notation out of plain text.
by mehulashah on 8/21/24, 10:41 AM
I couldn’t have said it better. This is why I’m an entrepreneur and still take the pains to do it.
by cyberes on 8/21/24, 1:26 PM
by jll29 on 8/21/24, 1:10 PM
You have tried to access a web page which belongs to a category that is blocked.
:-(