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Cake day: June 20th, 2023

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  • Salesmanship is the essence of management at those levels.

    Which brings us back around to the original subject of this thread - tech bros - in my own experienced in Tech recently and back in the 90s boom, this generation of founders and “influencers” aren’t techies, they’re people from areas heavy on salesmanship, not actually on creating complex things that objectivelly work.

    The complete total dominance of sales types in both domains id why LLMs are being pushed the way they are as if they’re some kind of emerging-AGI and lots of corporates believe it and are trying to hammer those square pegs into round holes even though the most basic of technical analises would tell them that it doesn’t work like that.

    Ultimately since the current societal structures we have massively benefit that kind or personality, we’re going to keep on having these kinds of barely-useful-stuff-insanely-hyped-up cycles wasting tons of resources because salesmanship is hardly a synonym for efficiency or wisdom.


  • Nowadays, there are really only two classes:

    • The Owners class, which is people who live off the money that’s made by the assets they own.
    • The Worker class, which is people who live off the money they get from selling their work.

    What was called “Middle Class” generally are just workers who earn a bit more, though the older Middle Class did at times manage to save enough to buy enough assets that they could start living of the income from those assets and not have to work anymore. That’s not the case for young people nowadays who would qualify as Middle Class due to their level of formal education and the kind of work they do because it’s way harder for them to save and asset prices are through the roof.



  • Coming from a country - Portugal - which was very Catholic not that long ago, I would say that the children of Catholic parents went through a great process of “self-reflection and criticism” and dropped Catholicism.

    The religion itself is pretty much as backwards as ever.

    What happened is that the number of actual practicing Catholics (you know, people who actually go to church and spend time thinking about that stuff) has fallen steeply, even if there are still many who just because they got baptized (which is something one has no choice on), get counted as religious.

    Even with the Christian sects dominant in places like the US and Brazil trying to get a foothold over here, there’s nowhere the level of dominance of religion in public life there seems to be in the US. It’s funny that a country which maybe 50 or 60 years ago was, IMHO, very socially backwards compared to the US, is now more socially evolved than it.




  • In decent nations, an EULA is considered an attempt by the seller to, after the purchase, change the terms of the implicit contract which was the sale, so it’s has no legal standing whatsoever.

    Absolutelly, the seller can set contract terms before the sale is done (and even then there are lots of limitations to avoid things like bait & switch, so it usualy has to be pretty clear and upfront and there are certain rights that a retail buyer simply cannot loose, even contractually), but never after the sale has been done.

    EULAs only have legal standing in a few places, including a few States in the US.


  • Over a decade ago I worked as a freelancer for an Investment Bank (the largest one that went bankrupt in the 2008 Crash, which was a few years later) were the head of the Proprietary Trading Desk (the team of Traders who invest for the profit of the bank) asked me if I could change the software so that they could see the investments of the Client Trading Desk (who invest for clients with client money) was making, with the assent of the latter team.

    Now if the guys investing money for the bank know what they guys investing customer money are doing they can do things like Front-Run the customer trades (or serve them at exactly the right price to barelly beat the competiotion) thus making more profits for the bank and hence get bigger bonuses. This is why Financial regulations say that there is supposed to be so-called Chinese Walls between the proprietary trading and the customer trading activities: they’re supposed to be segregated and not visible to each other.

    Note that the heads of both teams were mates and already regularly had chats, so they might already have been exchanging this info informally.

    I was quite fresh in there (less than 1 year) and the software system I worked in at the time was used by both teams, but when I started looking into it I saw that the separation was very explicitly coded in software and that got me thinking about what I had learned from the mandatory compliance training I had done when I first joined (so, yeah, that stuff is not totally useless!!!)

    So I asked for written confirmation from the heads of both teams, and just got some vague response e-mails, no clear “do such and such”.

    So I played the fool and took it to a seperate team called Compliance (responsible for compliance with financial regulations) saying I just wanted to make sure it was all prim and proper, “just in case”.

    Of course, it kinda blew up (locally) and I ended up called to a meeting with the heads of the Prop Desk and whatnot - all stern looks and barelly contained angry tones - were I kept playing the fool.

    Ultimatelly it ended up not being a problem for me at all, to the point that after that bank went bust and its component parts were sold to another bank, the technical team manager asked me to come back to work with the same IT group (remember, I was a freelancer) with even greater responsabilities, so this didn’t exactly damage my career.

    That said, over the years there were various cases of IT guys in large investment banks who went along with “innocent” requests from the Traders and ended up as the fall-guys for subsequent breaking of Finance Regulations, serving jail time, so had I gone along with that request I would’ve actually risked ending up in jail.

    (Financial Regulators were and are a complete total joke when it comes to large banks, which actually makes it more likely that some poor techie guy will be made the fall guy to protected the bank and its heads).