[HN Gopher] What Happened In 2020
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       What Happened In 2020
        
       Author : pixelmonkey
       Score  : 67 points
       Date   : 2020-12-31 12:52 UTC (1 days ago)
        
 (HTM) web link (avc.com)
 (TXT) w3m dump (avc.com)
        
       | hyko wrote:
       | Bit of slight of hand there tacking _Cryptocurrency_ onto
       | videoconferencing, electric cars, and online shopping.
       | 
       | Cryptocurrency did not prove more useful in 2020 than it did in
       | 2019.
        
         | inthewoods wrote:
         | Yes well said - I'm not a Bitcoin hater or skeptic, but it does
         | not seem any closer to being a currency to actually transact
         | in. Happy to be proven wrong here - are there now a significant
         | number of places to spend Bitcoin?
        
       | nostrademons wrote:
       | The thinking in here echoes Carlota Perez, which shouldn't
       | surprise anyone since Fred Wilson has been a known Perez devotee
       | since c. 2012. In the Perez model, this marks the transition from
       | "irruption" to "frenzy" for the general constellation of 21st
       | century technologies ("the sun, the genome, and the Internet", to
       | take the title of a Freeman Dyson book). Perez's book doesn't
       | really touch on the fractal nature of technological revolutions:
       | published in 2002, it described the WWw as having just moved from
       | "frenzy" to "deployment", which was true for the specific case of
       | the WWw but missed the bigger forest of how software in general
       | would eat the world. We're now starting to see many of the
       | technological developments spawned by the Internet (cloud
       | computing, AI, cryptocurrency, drones, etc.) get more mainstream
       | attention.
        
       | arkj wrote:
       | > Odd as it may seem, a lot more people want to buy Bitcoin at
       | $28,000 than wanted to buy it at $5000. That's just how things
       | are. And it is important to understand that.
       | 
       | This is a classic line.
        
         | paulpauper wrote:
         | then by that logic it should go to infinity.
        
           | TigeriusKirk wrote:
           | As the first sentence in that paragraph says, it's explicitly
           | discussing a speculative bubble.
           | 
           | "There is no question that crypto is in yet another
           | speculative bubble"
        
       | simonebrunozzi wrote:
       | > There is no question that crypto is in yet another speculative
       | bubble, but like I said, it is speculative bubbles that allow
       | emerging technologies to go mainstream and finance themselves.
       | Odd as it may seem, a lot more people want to buy Bitcoin at
       | $28,000 than wanted to buy it at $5000.
       | 
       | Yes, but: if most of that money comes from the pocket of ordinary
       | people, and a bunch of geeks (or the usual Winklevoss twins, Tim
       | Draper [0], etc) will cash out and drive the cost down again, the
       | ones losing a ton of money will be - as usual - the ordinary
       | people.
       | 
       | As much as I like Fred Wilson, sometimes I'm really surprised by
       | comments like this one. It seems he's not realizing the danger of
       | this new crypto "bubble", and who's going to pay for it. But "we
       | all have to eat". [1]
       | 
       | [0]: https://www.wired.com/2014/07/vaurum/
       | 
       | [1]: https://simone.substack.com/p/we-all-have-to-eat
        
         | ttul wrote:
         | Secondly, how much of the surge in the Bitcoin price is due to
         | manipulation and fraud? Fred states that more people want to
         | buy Bitcoin at $28,000 than at $500. Is that true? Or is it
         | that a handful of market manipulators are printing USD coins
         | and using this fraudulent leverage to boost the value that
         | buyers perceive Bitcoin to have?
        
           | fourstar wrote:
           | Less fraud than the US treasury.
        
         | nostrademons wrote:
         | The point of his analysis is that you should be taking the
         | other side of the trade. Become a tech person, or a crypto
         | person, or some other recipient of primary capital that's doing
         | something with it. That's how the economy advances: speculative
         | bubbles greatly increase the rewards for doing anything
         | potentially useful related to the new technologies, smart
         | people respond to these incentives by entering the market, the
         | market selects for the best of these "potentially useful"
         | innovations, and then an eventual financial crisis prunes out
         | everything that wasn't useful and reallocates resources to the
         | winners.
        
       | jgalt212 wrote:
       | My 2020 Summary:
       | 
       | Powell tricked all the VC's into thinking they were geniuses.
        
       | benjaminwootton wrote:
       | Are people on the ground outside of Silicon Valley seeing this
       | technology boom?
       | 
       | I know that Tesla etc are going to the moon, but from my
       | perspective as a small IT services company and many peers in a
       | similar situation, the market is pretty slow and fundraising
       | sounds pretty hard.
       | 
       | I think some of this commentary is disconnected from reality.
        
       | Gravityloss wrote:
       | How is online retail more "tech" than physical stores?
       | 
       | How does people not driving hurt gasoline car makers but help
       | electric car makers?
        
       | mark_l_watson wrote:
       | Great, largely because it is short, synopsis of last year. Author
       | nailed down what have been my random thoughts on the new economy
       | and ways to do business. I started work at a medical AI company
       | in September that will never reopen its offices again.
       | 
       | I also liked the acknowledgment that so many people are hurting
       | badly financially now, the problem just keeps getting worse.
        
       | lifeisstillgood wrote:
       | >>> wasted on commuting and how much more productive we have all
       | become without it.
       | 
       | Woah there. As a father to young children I have become
       | _massively less_ productive and realise both the uncaptured value
       | of parent provided childcare in the GDP stats plus the role that
       | education plays in releasing workers for the rest of the economy.
       | 
       | Teachers unions - the time to push for raises is now!
        
         | k__ wrote:
         | I always had the feeling (as a child and later as adult) that
         | (pre-)schools were mostly for the benefit of the parents and
         | not the children.
         | 
         | The more I think about it, even with the danger of (religious)
         | indoctrination, I'd say props to all the home schooling
         | parents.
        
           | jbaber wrote:
           | Contrasting my kids' experience with an au pair and daycare,
           | I think the daycare model of a few adults watching a gaggle
           | of kids playing with each other is more "natural" than one
           | kid alone in a nuclear household mostly interacting with
           | adults and arranged "playdates" with other kids.
        
         | Hedepig wrote:
         | I have an 8 month old, my productivity has definitely increased
         | working from home, granted there is the odd moment I am taken
         | away from my work, on the whole though it is a net gain. Not to
         | mention the lack of commuting having a positive effect on my
         | wallet
         | 
         | Perhaps with toddlers things will be more difficult, but my
         | spouse and I have an agreement to treat my work space as an
         | office and only disturb when absolutely necessary.
         | 
         | I do miss the office environment though
        
           | lifeisstillgood wrote:
           | Oh you have a live-in nanny and housekeeper already.
           | 
           | But don't worry, after a couple more "start-ups" the live-in
           | Nanny will hit scalability issues, and will need you to
           | concentrate on the Ops side as well, andI warn you that easy
           | solutions like hiring a young underpaid intern may result in
           | industrial action !
        
             | Hedepig wrote:
             | I mustn't have explained my situation clearly
             | 
             | I'm a junior/mid Web dev who has an 8 month old, my wife is
             | on maternity leave, when she goes back to work he will go
             | to nursery.
        
               | lifeisstillgood wrote:
               | I dont think I signalled my (gentle) sarcasm clearly.
               | 
               | I wish you and your wife all the best.
        
               | Hedepig wrote:
               | Blast! No I almost had it, but decided against my
               | intuition.
               | 
               | Thank you.
        
           | curlypaul924 wrote:
           | My productivity increased when my son was that age. This was
           | before COVID-19; I was working from home a lot for other
           | reasons.
           | 
           | With two kids I have to schedule my time a lot more carefully
           | to reach the same level of productivity. Even typing this
           | comment I have to compromise on getting the exact wording I
           | want lest I get interrupted before I finish typing.
        
           | [deleted]
        
         | minot wrote:
         | We won't even buy them office supplies. Teachers sometimes buy
         | everything from Kleenex to stationery for use by students in
         | the classroom out of pocket. I don't think how demanding raises
         | will work unless we somehow convince the public to pay (much)
         | higher property taxes.
        
           | moron4hire wrote:
           | The problem is not how much tax we collect. It's how the
           | money is spent.
        
             | minot wrote:
             | > The problem is not how much tax we collect. It's how the
             | money is spent.
             | 
             | Thank you. I clearly didn't know enough about the problem
             | space.
             | 
             | For others like me:
             | 
             | > MAY 11, 2020 --The amount spent per pupil for public
             | elementary and secondary education (pre-K through 12th
             | grade) for all 50 states and the District of Columbia
             | increased by 3.4% to $12,612 per pupil during the 2018
             | fiscal year, compared to $12,201 per pupil in 2017,
             | according to new tables released today by the U.S. Census
             | Bureau.
             | 
             | > The increase in spending was due in part to an overall
             | increase in revenue. In 2018, public elementary and
             | secondary schools received $720.9 billion from all revenue
             | sources, up 3.8% from $694.3 billion in 2017.
             | 
             | > New York ($24,040), the District of Columbia ($22,759),
             | Connecticut ($20,635), New Jersey ($20,021) and Vermont
             | ($19,340) spent the most per pupil in FY 2018.
             | 
             | > Public school systems in Alaska (15.8%), Mississippi
             | (13.8%), South Dakota (13.6%), New Mexico (13.4%) and
             | Arizona (13.2%) received the highest percentage of their
             | revenue from the federal government while public school
             | systems in Massachusetts (3.9%), New Jersey (4.0%),
             | Connecticut (4.2%), New York (4.3%) and Minnesota (5.1%)
             | received the lowest.
             | 
             | > https://www.census.gov/newsroom/press-
             | releases/2020/school-s...
             | 
             | I've always been skeptical of New York (City?) policy
             | requiring advanced degrees and certification for public
             | school teachers as well as how involved New York Police
             | Department is with the whole business.
             | 
             | How much of the USD 24,040 figure of New York goes to New
             | York Police Department?
             | 
             | and then there are the football stadiums: how is this
             | legal?
             | 
             | > Eagle Stadium is a football stadium in Allen, Texas. It
             | is owned and operated by the Allen Independent School
             | District and is home of the Allen High School Eagles.
             | 
             | > Construction cost $ 60 million
             | 
             | https://en.wikipedia.org/wiki/Eagle_Stadium_(Allen,_Texas)
             | 
             | How does this money break down? Would it be better to have
             | a permanent school from home instead? I know I for one
             | would not miss middle school. But yeah, the goal has to be
             | clear: what do we want to achieve? If it is simply a place
             | to park children, we can do that for a lot cheaper. If we
             | actually want to educate, we need to spend better.
        
               | phil21 wrote:
               | > How much of the USD 24,040 figure of New York goes to
               | New York Police Department?
               | 
               | Not much, if any. It's a rounding error and only brought
               | up as a political point really. In terms of budgets it's
               | immaterial - ignoring entirely of course the social
               | aspects of the situation.
               | 
               | The football stuff is also highly annoying and
               | problematic, but those do tend (in my limited experience
               | at least) to be built in high performing districts simply
               | due to the tax demographics needed to build such things.
               | Again, in the context of this discussion it's pretty much
               | immaterial.
               | 
               | The massive waste is almost all administrative burden and
               | in my (again, limited) experience almost outright fraud.
               | Just the small amount of interaction I've had with major
               | public school districts show the incompetence of the
               | administrative layers is endemic - massive amounts of
               | wasteful and outright fraudulent spending is done each
               | year that in no way makes it to the students.
               | 
               | Look into how many >$120k/yr admins the NYC public school
               | district has.
               | 
               | Then in the US we also have a major problem of turning
               | schools into defacto social welfare centers. Schools are
               | now expected to provide free meals, social services, etc.
               | where in other countries those are handled by other
               | sectors of public service for the most part. All public
               | schools are also expected to have trained and licensed
               | special ed teachers (for a rapidly growing special ed
               | student population), and in the US inner cities in
               | particular teachers largely act more as behavioral
               | mediators than teachers in many classrooms. Then we get
               | into the insane amount of lawsuits and liability said
               | special ed and social services gets schools into and the
               | incompetent administrators terrified of anyone with a
               | lawyer.
               | 
               | All adds up to just waste billions of dollars on things
               | that are not directly related to teaching students.
               | 
               | The problems are multifaceted and deep, but the easy
               | headline outrages like you pulled out usually are pretty
               | inconsequential - and in my jaded mind are argued about
               | to keep folks too preoccupied to dig into the real
               | issues.
        
               | clairity wrote:
               | LA built the $600M high school[0] (to be fair, it's a
               | collection of smaller schools). we don't lack for money.
               | 
               | [0]: https://en.wikipedia.org/wiki/Robert_F._Kennedy_Comm
               | unity_Sc...
        
           | xyzzyz wrote:
           | US school spending is already one of the highest in the
           | developed world, and the complaints from the teachers that
           | you quote typically also come from the teachers in highest
           | spending areas too.
           | 
           | If there is anything US school system doesn't lack, it's
           | money.
        
             | AnIdiotOnTheNet wrote:
             | Having worked in a school district, I feel like this is
             | true. The number of administrators, many of whom didn't
             | seem to do anything, was staggering.
        
               | enraged_camel wrote:
               | I think this is a common cognitive bias though: just
               | because someone seems to you as if they don't do anything
               | does not actually mean that they don't do anything. It
               | might be that you, yourself, are not affected by their
               | output.
        
               | maxerickson wrote:
               | The fun thing is that much of the administrative overhead
               | is built into the system. My county has less than 40,000
               | people (not students, people) and 5 school districts (and
               | private schools).
               | 
               | 2 of them do share an administrator, but in general,
               | there's lots of places where a single district has ~8,000
               | students. There's not any thought of combining them (I
               | guess largely because funding is so local...).
        
               | [deleted]
        
               | bobthepanda wrote:
               | Funding is extremely local.
               | 
               | The other reason districts are so territorial is that a
               | lot of them were founded specifically for their people
               | and to keep the "others" out.
        
         | jeremyw wrote:
         | Echo the (young) kids & productivity penalty. I gave up all
         | long-concentration work for short-cycle wins that fit in-
         | between the kid's nervous energy / social interruptions. I have
         | tremendous sympathy for parents that didn't have that
         | flexibility.
        
         | keyle wrote:
         | Programming & kids do not go together.
         | 
         |  _Deep thinking and juggling complex structures in mind with
         | past and future states..._
         | 
         | "Hey dad, check out my new dress and ring I stole from mum!"
         | <gone>
         | 
         | ... 15 mins later.
         | 
         |  _Where was I... Ah yes, deep thinking and juggling complex
         | structures in mind with past and future states..._
         | 
         | "Daaaaaaaaaaaaaaaad! She took my toys" <gone>
         | 
         | I literally end up jotting pseudocode as fast as possible and
         | then translate it for the simplest things.
         | 
         | So I work when they sleep.
         | 
         | You'd think these constant interruptions would make you super
         | efficient with focus and time, but it's the opposite.
         | Concentration is much harder to obtain and retain because of
         | the constant potential for interruption looming.
        
           | ironmagma wrote:
           | I worked in an environment like this once, except the
           | interruptions were a little less silly and were from PMs,
           | managers and designers who had no concept of flow. It never
           | was ideal, but I still feel it's possible to adapt to the
           | situation by adopting a mindset that doesn't get as bothered
           | by interruptions. This is said with no evidence of course, so
           | take it as you may.
        
             | keyle wrote:
             | Your pm doesn't tap you on the leg, scream in your ears
             | like the world ended and start poking things on your
             | desk... I hope.
        
               | ironmagma wrote:
               | Yes, the idea of the comment was not to say that PMs are
               | comparable to children. But then again, the 3 year old in
               | our house doesn't do that either.
        
             | cosmodisk wrote:
             | You can always tell the PM or designer to crawl back where
             | they came from and give you some space. it's not an option
             | with children. I still remember Peppa Pig playing on a full
             | blast while I'm trying to bulkify some parts of the code.
        
             | aaron-santos wrote:
             | I feel the same. Resuming flow state is a skill just like
             | any other. I've seen my own ability to resume flow increase
             | while working from home with two young children.
             | 
             | There's also something to be said for improving one's
             | ability to do serious work in a non-flow state. All other
             | things being equal, people who can improve both of these
             | abilities have an advantage over those who can't.
        
           | aspaceman wrote:
           | Or the suspense of, "wait it's quiet... too quiet, oh no
           | what's wrong"
        
             | lifeisstillgood wrote:
             | Yes ! Years ago I took a remote job and started in the
             | spare room upstairs.
             | 
             | Hear them shout - wish they would be quiet.
             | 
             | Hear them cry - wish I could comfort them.
             | 
             | Hear them laugh - wish I could join them.
             | 
             | Not hear them at all - OMG they died suddenly!
             | 
             | Yeah I rented an office for the next two years.
        
           | majkinetor wrote:
           | I suggest best noise/human cancelation headphones.
           | 
           | It makes tremendous difference.
        
             | burlesona wrote:
             | Unfortunately noise canceling headphones to nothing about a
             | child tugging on your shirt. When children are little, they
             | truly need attention. If there's no one else around to
             | provide it, then there's really no way to deep work,
             | because you will have to help them with something at least
             | a few times per hour.
             | 
             | There are some kinds of work that aren't too disrupted by
             | this, but programming isn't one of those.
        
             | keyle wrote:
             | You can't noise canceling your children. They know you're
             | ignoring them and it's just unleashing the kraken.
        
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