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How can an individual investor profit from the coming sovereign debt crisis?


Credit Default Swaps.


If the counterparty survives...


Sometimes when I go to hacker news, I feel really poor.


Nah, get on to Blind. That will make you feel poor.


People on blind are either straight up lying or having a very extreme case of selection bias.

Blind worries me a lot. Because if the general claims made on the website are true, then the people in top companies making $300k+ annually are some of the most immature and toxic people on the face of the earth.


It happens on this site too... if you believe HN everyone in the UK is making £100k+, even though the average salary here is more like 40k. I’ve seen people complain because they’re ‘only’ making as much per month as most people in the country make annually.


You can walk onto any city street and see the occasional person people driving nice cars too. Does that make you feel poor too?


I don't see these other people as fellow developers, but as golf-playing executives or their children. I'm aware that not everyone here is a dev, but we mostly have similar careers.


Not everyone here lives in the US. Making SV salaries here, where 99+% of people are making under $80k/year, would be obscene. If I had access to that kind of money, I'd be putting it into better housing (penthouse?) long before ever thinking of buying a car like that.


I live on about 30% of my salary. Unless you're in the bay area or have a family to support, that's plausible (and honestly pretty comfortable) for most developers. If you wanted that car, you could have it.


An I-Pace is only $60-70k. Assume you have 20k positive equity in your current vehicle the loan cost is about $800/mo. The equivalent would be buying a new Subaru Outback or F150 and paying for gas and oil changes.


>An I-Pace is only $60-70k

Please take a step back and think about the average human being for a moment


"Assume you have 20k positive equity in your current vehicle" Yeah, that's definitely an assumption.


I did the math on this a while ago and calculated I could travel my normal commute back and forth on the battery of a plug-in hybrid. I would only need the petrol engine on longer trips. I'd probably spend 80% of the driving in electric mode and 20% in gas mode. I wouldn't really say that's just a slightly lower consumption.


The spinning wheel has kinetic energy, not potential energy, right?


It's kinetic energy if you consider rotation around the center of the flywheel (I * omega^2/2), but only potential energy to move around and destroy stuff (m * v^2/2). If you let the flywheel loose, it becomes just a wheel and it's not potential energy anymore. :-)


> potential energy

There isn't really such a thing. It's just a matter of your viewpoint if something is potential energy or actual energy.

Physically they work the same (for example both types of energy gravitate, and contribute to mass).


Any tips on finding a good mentor?


Personally, the best mentor I had was my first manager at my first job. He did really well for himself now and probably could retire (he's in his mid 30's).

But how I found mentors naturally was hang out at a place called Hacker Dojo here in Silicon Valley. Since they often had free JavaScript classes and meetups, I took advantage of that to make connections and eventually found mentors/friends and people in general that help you out.


Cool! Hacker Dojo was created by my brother David. :)


Which startups are trying to build a launch loop or space towers? I'd love to keep track of those startups.


Are you referring to the space tower hypothesized by Thoth Technologies?

http://thothx.com https://en.wikipedia.org/wiki/ThothX_Tower


If you haven't already, read: Tripping Over the Truth: The Return of the Metabolic Theory of Cancer Illuminates a New and Hopeful Path to a Cure (ISBN: 9781603587303). It is a great review of the history of Cancer. It concludes that the reason for the failed war against cancer stems from a flawed paradigm that categorizes cancer as an exclusively genetic disease and explores therapies born from the emerging metabolic theory of cancer.


I think it's a cultural thing. A lot of people in europe think skyscrapers destroy the skylines of cities. They really dislike any changes though. For example, in Stockholm, there was a fire recently in a rather ugly building (where they educate architects!!). Rather than tearing it down and building something better looking than that sh*thole eye sore of a building they are just repairing it.

This is the building I'm talking about: https://www.google.se/maps/@59.3433863,18.0697072,3a,75y,309...


Architecture schools always seem to be ugly for some reason. The one at Berkeley[0] is hideous. Legend has it that it was build to look "inside-out" so the students could have a better understanding of how buildings are built.

[0] https://ced.berkeley.edu/images/made/images/uploads/features...


The Azrieli School of Architecture building at Carleton University in Ottawa is a bizarre building that a lot of Architect students have their courses in. The legend on campus is that the building was designed purposely to be filled with architectural flaws so that students would learn from them. I have no idea if it's true, but it certainly would explain a lot.

Perhaps your architect's school has a similar idea in mind. Because seriously, that is a dull looking building.


I can see how it could be good to make future architects suffer bad architecture along their way.


Of course. I'd much rather trust the anecdotes of a stranger on the internet


mlloyd has a point, the P value is right on the edge of significance and the study has only 31 people.

Take into account the bias that the negative result (no-correlation) would not pass the bar for publication and you likely have noise.


mirror?


This tweet has a GIF of the original YT video: https://twitter.com/misc0110/status/948706387491786752


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