pmart123 · HackerTrans

5 miesięcy temudiscuss

There's a lot of irony right now regarding the cost of these things too (although I know the cost curve will drop over time). I know developers that are burning $1,000/day on tokens for Claude Code or VC's using the $200/month ChatGPT pricing plan who are then talking about Vibe coding TurboTax away. TurboTax for most people is $50 to $100 a year. We are still a far way off even from a cost justification standpoint let alone a reliability standpoint of relying on a vibe coded solution for filing your taxes.

pmart123

4 lata temudiscuss

Square sells hardware, but losing money on that. I don't believe it is intended to compete with payment processors providing hardware, but more so commoditizes it/flattens existing players in cases where a POS terminal system isn't needed.

pmart123

6 lat temudiscuss

I'd agree, but Apple's position with the iPad likely will ensure enough professional developer mindshare? Most enterprise apps I use typically have a fairly built out version for the iPad (and most only support Windows otherwise). I agree that developers themselves will likely stick with x86 architecture to write code on for the most part given that's what servers will run.

pmart123

6 lat temudiscuss

Perhaps it is due to less data copying and configuring the right processor for the job in Apple's benchmarks? Most CPU benchmarks wouldn't be testing the performance characteristics if the matrix heavy computations were done by the GPU, etc.?

pmart123

6 lat temudiscuss

How will this change relying on libraries like Intel's MKL library if Apple is using their own chips?

pmart123

6 lat temudiscuss

I definitely agree that this could potentially cause long-term damage. Amazon could be one bad counterfeit away from destroying its brand. Brand trust ultimately matters for consumers making a default choice of what to buy or where to shop.

To take an extreme example, as fears surrounding the Coronavirus spike, people are trying to buy 3M masks from Home Depot, not Amazon. It tells me consumers already have a trust issue building with Amazon when they are buying a product that needs to work.

pmart123

6 lat temudiscuss

I won’t buy anything I would ingest on Amazon anymore outside of Wholefoods. I’ll go to Target for things like Advil or toothpaste.

pmart123

6 lat temudiscuss

I agree from in some capacity in the growth or greed to increase DAU and engagement for social networks is similar to Amazon’s desire to grow SKUs and purchase volume. Amazon mixing SKUs maybe relates to when press piggy backs off of the same initial headline as it creates distrust and makes people question the quality of the product.

There’s a big difference though. Social media allows many individual voices, and much like the printing press, allows previously unheard voices to be heard and to have reach. Therefore, the world’s expert can call out a journalist for being wrong immediately, making it seem like “fake news” is more common than it was previously.

Amazon is actually causing distrust around product quality when there wasn’t any before. Consumers may have trusted Colgate’s toothpaste, but if it isn’t actually Colgate’s toothpaste, yet it poisons someone, it becomes Colgate’s problem too. This would be like Facebook or Twitter allowing any account to adopt a WSJ or NyTimes verified badge, one of those accounts publishes fake news, and then the paper itself has a problem too.

pmart123

7 lat temudiscuss

Exactly. I've really liked Patrick Collison in interviews and I've long admired their API documentation. Square Capital was first to offer loans to SMBs that amortize over the transactions so Stripe isn't the first mover there. Some bigger companies like eBay and Burberry have chosen Adyen as a payment solution and I think Booking uses Braintree? Are there reasons outside of costs to choose Adyen or Braintree over Stripe?

Can Lyft develop their own payment tech because they only transact in the US and Canada, and global transactions are where things get complicated?

I like most things about Stripe, but Shopify is also growing like crazy, has an awesome founder, and provides the only alternative to Amazon right now and is valued at $35B.

pmart123

7 lat temudiscuss

Payments traditionally has been very fragmented. I think the biggest winners will continue to be Mastercard and Visa as all of these ancillary services will continue to move payments towards digital both on the consumer and business side.

I haven’t used the two products, but is Stripe 50% better than Adyen? Why would I use one versus the other? How easy will it be for Lyft to develop its own payment technology?

pmart123

7 lat temudiscuss

What about Stripe versus Adyen or Square?

pmart123

7 lat temudiscuss

Because it's a "tech" company...

pmart123

7 lat temudiscuss

GOOGL has voting rights versus GOOG. There hasn't been a large performance difference though. IAC vs. MTCH, FB, Nike, Berkshire, and Regeneron all have done well though long-term with dual share classes as contra examples. Founder led companies typically out-perform the market. In WeWork's case though, we've seen huge governance red flags already though, so I am not saying voting rights don't matter. If the management is aligned with the long-term vision (not selling $700M before the IPO), they typically matter less.

pmart123

8 lat temudiscuss

It records every conversation locally in a two second loop I believe, and then streams it after a trigger word.

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