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What industry secret are you aware of that most people aren't?
  • Most software is a terrible pile of unreadable code with no tests and horrible architecture choices, that somehow manages to keep working just through the power of years of customers finding bugs and complaining loud enough to get them fixed.

    If you write any automated tests at all, you're already better than most "professional" software companies. If you have a CI/CD pipeline, you're far ahead.

  • What industry secret are you aware of that most people aren't?
  • I don't think you understand how fractional reserve banking works. The first paragraph of that Wikipedia page already clearly contradicts you. The banks can still only lend money they have (otherwise how would they lend it? Where would it come from? Only the central bank can print currency). What fractional reserve banking is saying is that banks can invest some portion of the customer deposits that they hold into non-liquid assets, often in the form of loans to other customers, but it could also be invested in other things eg government bonds. The interest banks earn by doing that helps pay for the interest they pay to customers on their saving. They also have to carefully manage their liquidity: maximising returns while still holding enough liquid assets to cover any potential spikes in withdrawals.

    Even when investing customer funds, banks still have to meet captial requirements set by the regulators which basically say that their risk-adjusted assets have to cover the liabilities of customer deposits, so that for example they can't just invest all the deposits in Bitcoin as that would pose too high a risk of insolvency. The reason SVB went insolvent recently was that they successfully lobbied the Trump administration to relax capital requirements for banks of their size, then made risky investments that lost money and they suddenly had less money than they owed their customers.

  • A cool guide for red flags during job interviews.
  • Having lots of rounds of interviews, as long as each one is effective and focused on a different aspect, in my experience is a green flag because it means they take great care in hiring and you end up working with excellent people. My current job had a talent team screening call, a high level technical best practices discussion, a practical homework assignment with follow-up peer interview and problem solving session, a cross-guild culture interview, and a chat with one of the founders. Apart from the first and last ones they each took more than an hour but they all felt very productive in terms of gathering information in both directions. And it's by far the best job I've ever had

    Also the large salary range makes sense if they are hiring e.g. multiple developers and are open to a large range of seniorities/experience levels

  • Everything Apple iOS 18 Will Do, Android Already Does
  • Better? The Apple hardware is always significantly worse than competition in the same price class. Most of the price of an iPhone goes to their excessive marketing and record profits, so they have to cut costs on hardware

  • das bagel
  • As an Australian living in Germany for over a decade I'm still not that impressed with German bakeries. The pretzels are awesome and the bread is fine but the sandwiches are lame. They're like mostly bread and never more than 1 or 2 toppings. A German once told me it's because the point of the sandwich is the bread and if there are too many toppings you won't taste the bread 😅

    Germans love their bread so much but I think it's just because that's what they grew up with, I don't think it's objectively as good as they think it is

  • InitialsDiceBearhttps://github.com/dicebear/dicebearhttps://creativecommons.org/publicdomain/zero/1.0/„Initials” (https://github.com/dicebear/dicebear) by „DiceBear”, licensed under „CC0 1.0” (https://creativecommons.org/publicdomain/zero/1.0/)MI
    miridius @lemmy.world
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