One of the big promises of software is composability. You can build rich, powerful experiences out of basic building blocks.
APIs add new things to the toolbox. For example: Treasury, which lets an app/platform store, move, and track a business’
Lots of software talks about money, keeps records about money, does calculations about money, but can't *touch* money.
So you generally push work to the operator.
You need to be able to read bank transactions to reconcile. You probably can't. The owner can. So you ask the owner to do mind-numbing work a computer does better.
There is some software to write but it is not rocket science.
But let me speculate a bit:
They can automate its operations.
We made it *better* for your users than many business bank accounts.
"When do I get my money?"
Can you imagine needing to email Google to ask when that email that you know was sent will arrive?
Why is money *so slow* and *so opaque*?
In the U.S., you’ll often be blocked on the ACH network. Fast compared to stagecoach; slow compared to email.
Stripe has an arrangement with the banks that ultimately hold the business users’ funds.
(We are working on making that even faster by default. It’s not called HTTP 200 Check Back In An Hour.)
Putting together fintech products is historically a pain in the keister.
Then your engineering team receives the spec, and the *real* fun begins.
No negotiation required. No bespoke legal work. More of the necessary levels of complexity in touching money businesses depend on; less of the overhead.
You can build all of that on Stripe APIs now.
It is managed at most banks as an offshoot of personal banking, because the userbase is basically the same people who show up at the branch.
But the needs are quite different.
(Narrator: This is not, in fact, an adequate spec for a checking account.)
So do graveyards. And hotels. And landlords. And spas. And tutors. And yoga teachers. And...
Not enough dentists pay not enough dollars for banks to put software teams against dental practice UX.
We can then take that package to leading banks. That reach is *very interesting* to them.
A pizzeria can't walk into Goldman Sachs and walk out with a bank account.
A software company serving pizzerias could if they had, uh, a lot of dough.
And so our partner banks have made great products available, at pricing and terms that small businesses just don't usually get in direct banking relationships.
I know exactly how many times I paid the $14 account maintenance fee for my software businesses, ten years later. That’s how much I hated them.
One way to think of it is that banks have huge expenses to attract SMB deposits, including marketing campaigns and branch networks, and those drive the pricing of SMB banking.
Nationwide advertising, branches, and sales reps aren’t as cheap as cron jobs.
I'm very excited to see what software people do with the Stripe Treasury.
No. This was my number two. You're welcome to your guess at the number one. (Though, who knows, I heard of a new project last week and might steal the zeroth spot for it.)
Part of the needle threading is making sure that one is still developing some things which are uniquely exciting to developers and smaller shops.— Patrick McKenzie (@patio11) September 23, 2020
Which: I can\u2019t spoil it, but one thing in the pipeline is maybe my favorite Stripe product since Stripe Atlas if we do it right.
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Me: Write a million words.
Follow up: “Hah but seriously.”
Me: Start with 20,000 words. Everyone gets to that 50 times in their first million.
Follow up: “No seriously.”
Me: Nobody expects 10 Quick Tips To Play Violin At Carnegie Hall.
The Internet is so much better at teaching writing than the traditional educational system principally because it removes an artificial and limiting constraint on output imposed by ability of gatekeepers’ limited time to evaluate output.
(Interestingly in fields where we actually care about performance we’re good at encouraging students to practice when no one is watching but for writing we basically assume all the value is created by the teacher-minute of attention. Teacher-minutes are scarce and rationed.)
If you ever want to be deeply, deeply disillusioned about the state of the world, compare what we do where we care about output quality and what we do where we don’t, and which domains sort into which column by revealed preference.
Here's their CFO describing their agreement (which we know from other litigation was never contractualized because, presumably because money launderers hate paper trails):
Bitfinex's CFO was shocked, shocked to learn that the money launderer they engaged to provide money laundering services while I-swear-to-God-this-is-an-actual-quote "we learned to bank like criminals" may have from time to time lied to banks.
"Institutional constraints" means, here, "We were attempting to avoid velocity checks placed by our banking partners to detect fraud and money laundering, which would have detected our fraud and money laundering."
Money at the speed of code, yadda yadda yadda, the Bitcoin economy is surprisingly blasé when several hundred million dollars is in an interstitial state for months.
In a situation never before encountered by a financial institution: the check was not, in fact, in the mail.
If everyone was holding bitcoin on the old x86 in their parents basement, we would be finding a price bottom. The problem is the risk is all pooled at a few brokerages and a network of rotten exchanges with counter party risk that makes AIG circa 2008 look like a good credit.— Greg Wester (@gwestr) November 25, 2018
The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.
This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.
The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."
This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.
Maybe more geeks need to meet someone who says “My job is teleporting value across time and space.”
Financial engineering is sort of a squishy term. I don’t primarily mean payments infrastructure or financial rails, although both of those involve substantial engineering.
I mean more “We took a thing and performed some alchemy, and now have a new thing.”
Except instead of alchemy it is generally quite a bit of math, a huge amount of contract law and due diligence, often an impressive amount of ops work, and a dusting of technology that web devs would recognize as such.
For technical founders it is irrationally, obscenely hard to reverse years of programming (ba dum bum) that sales is a value-destroying activity. Sales is CLEARLY a value-creating activity, contingent on you have a value-creating product.
The world will not drop what they are doing to adopt your work. This is particularly true in B2B, where simply building a better mousetrap won't overcome the activation energy required to get people with additional non-mice problems to prioritize changing mousetraps today.
This is very non-obvious for founders because founders are not often people who *want* to be sold to. We often come from a background where trying out tools is a bit of a fun hobby. We like looking at all the options, making charts, and ripping out partially complete tests.
"This week I unsuccessfully trialed four software options for automating that thing that has been killing us. Our actual production process remains the same as last week. Don't worry; this was a great use of time." is not a thing you want to write in a progress report to manager.
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Alright, here goes the 🧵...
Q: does it replace the existing Aurora Serverless offering?
A: no, it lives side-by-side with the existing Aurora Serverless, which will still be available to you as "v1".
Q: Aurora Serverless v1 takes a few seconds to scale up, that's too much for our use case where we get a lot of spikes. Is that the same with v2?
A: no, v2 scales up in milliseconds, during preview the max ACU is only 32 though
Q: is the cold start for Aurora Serverless v2 still a few seconds?
A: yes, unfortunately...
Q: so if you want to avoid cold starts, what's the minimum ACU you have to run?
A: minimum ACU with v2 is 0.5
Q: does v2 still scale up in double increments, e.g. 4 ACU -> 8 ACU?
A: no, it scales up in increments of 0.5 ACUs, so it's a much tighter fit for your workload, so you'll waste less money on over-provisioned ACUs
Firstly, I made use of the auto-rigging feature in Mixamo to give my character a skeleton. This allows you to use the Mixamo animations for the character in Unreal Engine.
In the Animation Blueprint, I tried to add a punching state to the character. The problem I faced initially was that the character glides while punching. This occurs because multiple states of the animation are active (as their transition conditions are satisfied).
There are a couple of solutions for this:
👉Blending the punch and idle states (character can punch while running) by using the Layered Blend Per Bone node.
👉Disabling input while the punch occurs.
I didn’t like the outcome when I blended the animations. as the hip rotates more than we’d like it to. This leads to the character punching upwards and to the left. This isn’t favorable as the enemy is usually straight ahead. Disabling the input worked way better!
@Iplaywithgerms Total effects capture paths by which treatment affects competing event (e.g. protective total effect of lifesaving treatment on dementia may be wholly/partially due to effect on survival). Controlled direct effects do not capture these paths
@Iplaywithgerms More detailed reasoning on the difference and tradeoffs between total and controlled direct effects and causal reasoning in the point treatment context provided here along with description of some estimators and
@Iplaywithgerms If you are familiar with more robust approaches like IPW or even better TMLE for time-varying treatment, these are trivially adapted to go after the controlled direct effect by simply treating competing events like loss to follow-up (censoring). e.g.
@Iplaywithgerms Examples of IPW estimation of the total effect of a time-varying treatment described in Appendix D of this paper:
Others in reference lists of above papers.
2/ We had a weekly meeting every Thursday morning when representatives from each of the teams would get together and review progress. It was fairly heavy weight, but there were so many teams involved that it was necessary to have a regular sync.
3/ Regardless, E&C was coalescing, but teams were stretched thin working diligently to enable scenarios, improve performance, fix bugs, etc. It had been a month or so since we decided to add support for C# to the matrix as well, so folks were a bit stressed.
4/ That set the stage for the meeting that we had on the first Thursday in April. A debugger PM named Habib Heydarian ran the meeting and after a brief intro he gave me a ring to come in and present.
5/ I walked in and handed out a document that I had written up, titled DCR: C# Edit and Continue for Venus. DCR meant design change request, and Venus was the design-time code name for ASP .NET support.
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At the moment #POTUS is sitting on a stack of #Trump cards, he's just waiting to unleash a royal flush!
He has court cases that will go to #SCOTUS and thanks to the Texas case, he's now aware how to file them properly under article 3 not 2, so SCOTUS will be forced to listen.
#Trump now has the #DNI report. #Barr stepped down and can now be a witness, he did his job. #Durham is special counsel and can prosecute, in any state.
He’s letting civil, criminal and federal courts fail to handle the situation properly so he can use military tribunals.
#Trump has ALL the data from the #NSA, the #Kraken supercomputer, the #Alice #supercomputer, and likely many more computers, unknown to us.
He has the dueling electors from 7 state legislatures. He has VP #Pence, as the final arbiter of which ballots to accept.
#Trump has the #InsurrectionAct, the #NDAA, the national emergency, the 14th amendment, the 2018 executive order, the 2017 very first EO, the #Patriot Act, the #FISA warrants, the Declassification of everything, people swearing affidavits by the 1000s.
#Trump has all the statistical data being analyzed along with the videos, emails, phone calls and bank transfer statements showing the coordination of the #coup d'etat.
He has #RICO and he has the #CrimesAgainstHumanity videos. #Wikileaks just dropped extensive information
The skill we look at is Adobe Flash, which @apple decided to no longer support back in 2010, which in turn caused demand/interest to plummet, as measured on @StackOverflow and in online labor markets, one of which is our empirical context
Despite the big fall-off in Flash jobs posted, very little else appeared to change in the market for Flash skills: wages for Flash jobs didn't fall, jobs didn't become easier to fill & openings weren't inundated with out-of-work Flash programmers
What happened was that (a) new entrants stopped specializing in Flash and (b) at least some existing Flash specialists started moving to other skills. In short, the demand shock quickly became a supply shock
At the level of the individual Flash worker, using a matched sample, we find (a) no fall-off in their wages, (b) some decline on-platform hours-worked. The most-focused on Flash workers had substantial increases in application intensity and a movement towards new skills
There’s nothing in the Agile Manifesto or Principles that states you should never have any idea what you’re trying to build.
You’re allowed to think about a desired outcome from the beginning.
It’s not Big Design Up Front if you do in-depth research to understand the user’s problem.
It’s not BDUF if you spend detailed time learning who needs this thing and why they need it.
It’s not BDUF if you help every team member know what success looks like.
Agile is about reducing risk.
It’s not Agile if you increase risk by starting your sprints with complete ignorance.
It’s not Agile if you don’t research.
Don’t make the mistake of shutting down critical understanding by labeling it Bg Design Up Front.
It would be a mistake to assume this research should only be done by designers and researchers.
Product management and developers also need to be out with the team, conducting the research.
Shared Understanding is the key objective
I\u2019d recommend that the devs participate directly in the research.— Jared Spool (@jmspool) November 18, 2018
If the devs go into the first sprint with a thorough understanding of the user\u2019s problems, they are far more likely to solve it well.
Big Design Up Front is a thing to avoid.
Defining all the functionality before coding is BDUF.
Drawing every screen and every pixel is BDUF.
Promising functionality (or delivery dates) to customers before development starts is BDUF.
These things shouldn’t happen in Agile.
This is the second time in a month some dude has said something to me on the street and been shut down before I even said a word. Granted the LA version was more polite than when an NYC dude told me to smile and a lady cursed him out. People are hilarious.
I wouldn’t have been rude to either dude but wow, I didn’t even have to make the choice because we Americans are chatty.
Also I’m worried about Uncle Joe because $10 says his sister is the boy’s mom and we now know she’s not afraid to tell guys what to do.
My eyes got SO BIG and I almost laughed and Uncle Joe said, “That’s fair, my dude” to this kindergartener and I was like oh God the children will lead us.
Алексић је жртва енглеске освете преко Оливере Иванчић .
Мика је одбио да снима филм о блаћењу Срба и мењању историје Срба , иза целокупног пројекта стоји дипломатски кор Британаца у Београду и Оливера Иванчић
Оливера Илинчић је иначе мајка једне од његових ученица .
Која је претила да ће се осветити .
Мика се налази у притвору због наводних оптужби глумице Милене Радуловић да ју је наводно силовао човек од 70 година , са три бајпаса и извађеном простатом пре пет година
Иста персона је и обезбедила финансије за филм преко Беча а филм је требао да се бави животом Десанке Максимовић .
А сетите се и ко је иницирао да се Десанка Максимовић избаци из уџбеника и школства у Србији .
И тако уместо романсиране верзије Десанке Максимовић утицај Британаца
У Србији стави на пиједестал и да се Британци у Србији позитивно афирмишу како би се на тај начин усмерила будућност али и мењао ток историје .
Зато Мика са гнушањем и поносно одбија да снима такав филм тада и почиње хајка и претње која потиче из британских дипломатских кругова
Најгоре од свега што је то Мика Алексић изговорио у присуству високих дипломатских представника , а одговор је био да се све неће на томе завршити и да ће га то скупо коштати .
Нашта им је Мика рекао да је он свој живот проживео и да могу да му раде шта хоће и силно их извређао