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8:00 PM
I was taking programming classes as voluntary electives, my counselors thought I was insane and enjoyed pain
out of a 245 person CS graduating class, I was the only IT person that was taking classes alongside them
I unfortunately couldnt always take some of their prereqs so I REALLY struggled but the teachers gave me extra attention because I was passionate
Now look at me, a shell of the man I wanted to be. Pretending to be a real programmer amongst a Confederation of Dunces
My only remaining stay being my moderator position on this site... please SE, don't ever take this away from me :(
 
@maple_shaft I wasn't kidding about an opening here in Texas
We are struggling so hard to find people that are not awful
who sends a code sample where the entire functionality is in the main method
 
@durron597 Jesus christ...
 
what are they thinking? i mean, seriously
 
they aren't
@durron597 What kind of shop you run? Languages, frameworks?
 
i know my company will pay relocation for the right person, the problem is we don't have a lot of base salary available right now
it's a low base high upside type of position
we do high frequency automated trading in Java
NO CUSTOMERS EVER AGAIN WOOHOO
 
8:06 PM
LMFAO!!!
In Java?!
 
my code is f'n fast bro
thank you hotspot
1 millisecond turnaround is standard, 7ms is slow
 
I believe you... that should dispel the the people that are always ripping on Java being slow
 
but happens once in awhile
yeah you know what else runs in Java? Twitter
 
It used to be written in ruby before it choked on demand
 
I'm not logging at the nanotime level so i don't really have good benchmarks. The whole system uses Joda-time anyway
 
8:08 PM
@durron597 Yeah I am kinda looking for high base, don't give a sh-- about upside
Joda-time is the best thing to ever happen to Java
 
define high base
 
I am making close to 6 figs bro
but look what I put up with
that is extraordinarily high for a Java guy in this area
 
you can make that here. by low base i meant under 6 figs but not under 70k
plus cost of living is way cheaper here
 
indeed, it is cheap where I am too. Big problem for me is I NEED my family right now
 
your extended family?
 
8:10 PM
they are all here
my mother and father
 
yeah i ditched my whole family to come here. born & raised in NY
 
I can't do that
some people can
I cannot
you interested in 95% remote?
your company?
you open up a world of opportunity by working with remote
 
I'd have to talk to my boss
how's your skill at debugging multithreaded code (race conditions and stale data is the problem, not deadlocks)
 
It depends on what you mean by multi-threaded
 
woah this is a time machine back to earlier today in terms of convo :)
 
8:14 PM
Are we talking like hadoop units of work being processed in a massively parallel way?
 
@enderland s/earlier today/two weeks ago/
 
but the turnaround time on that is probably unnacceptable. I feel like you are doing more "low level" thread management
 
@maple_shaft It's more like, algorithm has a processing thread which gets asynchronous updates from market fills
 
Are you doing anything with parallel computing using stuff like hadoop?
 
no
We have one fancy server with like 40 cores, that's it
 
8:17 PM
Wow
scale up and not out
you need hardcore REAL programmers
 
the problem is that my boss and his boss believe in the project
 
working with volatile variables, using waits and checking the age of data
 
but HIS boss needs to be convinced
before the money starts to flow
the parent company has mucho dinero
 
@durron597 cost of living in TX is pretty awesome too afaik
 
Hmm have you performed a successul proof of concept?
 
8:19 PM
yes
right now we are making a number about equal to cost including salaries
 
Staying alive..
 
that's risky for someone with a fam to support @durron597 (unless you have good savings)
 
Sounds interesting
 
this company is structured where they have a successful metals hedging business and one of the partners doesn't want to live in 1990 anymore
 
@enderland Yeah, sorry I am not interested. What enderland said
 
8:20 PM
megacorp life is good if you can tolerate teh BS generally
 
startup culture is not for me anymore
 
we have lots of money
all the partners here (i am not a partner) are multimillionaires
 
@enderland I want the best of both worlds. No BS and have a stable job with a happy well connected family
@durron597 How did they become partners?
 
this is like the stablest possible startup
the parent company is a precious metals recycling firm
 
original founders?
 
8:22 PM
people bring catalytic converters from cars and we throw them into a furnace
the CEO of the parent company wanted to be able to buy catalysts and give people cash right away
but the business was far too dependent on the price of platinum
so he started hedging metal, in other words we receive platinum from customers and sell it on the commodities exchange immediately to lock in the price
the partners in my company basically quote prices and do this hedging process, and they get a small cut of all the volume
 
hedging that precious metals will probably go down in value in the future
 
well, the idea is that you don't want to be at risk at all
if i buy 50 ounces from a customer and sell 50 ounces immediately
then i'm essentially flat
 
you wouldnt make a profit that way
 
we make a profit by giving them a worse price than the future's price
 
you sell it on a futures market then somebody is betting the value of platinum will go up
you unload your risk after buying on the cheap
 
8:25 PM
there's a gap between the futures price and the physical price, it's called an EFP
(Exchange of Futures for Physical)
physical is always cheaper
 
really?
 
so if the price of platinum is like $1300 per ounce, we might buy it from you for $1292
yeah, because if you have physical you actually have to do something with the metal (ship it, store it, etc.)
whereas the futures you can just call your broker or w/e
 
Yeah but the broker is buying it because well people are betting on the "future" value of that metal
Maybe I completely misunderstand how commodities markets work
 
nobody actually takes delivery in the futures market
 
People MIGHT think that the future value of platinum will be $1,100 and not $1,300
 
8:28 PM
well, not nobody
usually no one
 
maybe they discovered a new platinum mine or something
 
in order for platinum to be traded on the commodities market it needs to be certified as pure and stamped
if i discover platinum in my coal mine or whatever, i can't just sell that platinum dirt tomorrow
i'd have to find a way to get it purified
or, i can just sell it to Johnson Matthey and let them do it
 
Yeah but an ore processor can "create" this...
those processors buy FUTURES
 
the chemistry involved there is a lot harder than you think. plus the EPA makes it impossible for any new players to enter the market
 
no
sorry I meant sell physical
 
8:30 PM
we're a "producer" too, as a recycling firm
anyway, the part that matters for you is that the partners here have plenty of money coming in from taking their cut of the futures hedging
so the job is very stable
 
... until...
the futures market for platinum goes down :)
 
no
 
I could never work for your company @durron597 :P
 
it happens
 
we make money regardless
we're the bookies, not the gamblers
 
8:31 PM
OOOOOOHHHH
lightbulb
I get it
 
if the price of platinum is $1100 we buy it from customers for $1092
 
@enderland why not?
 
if the price of platinum is $1300 we buy it from customers for $1292
 
your profits are on the margin
I get it now
 
bingo
 
8:32 PM
for some reason I thought you were doing HFT to make pennies on big gambles
like how HFT systems work in stocks
 
we exist so that the parent company DOESN'T go broke if the price of platinum craters
because without us, they would
 
lol perfect
it makes sense
 
@Ampt I am pretty opposed to companies that essentially exist as middlemen ;)
 
anyway, the HFT project is unrelated to the hedging
 
@enderland you know soviet russia tried to get rid of them once...
 
8:33 PM
but our risk is very low there too for reasons i won't discuss in an open forum
but suffice it to say, we trade pretty intelligently
 
@enderland They really arent just a middle man. People who hold physical platinum need a buyer
They make that easy and convenient for people selling physical platinum
 
@enderland if a car gets totalled and honda needs to make a new catalyst
who's supposed to recycle the platinum in the converter?
honda or the town dump?
 
@RobertHarvey would appreciate if you check whether these users are blocked at SO: 165541, 165547. They "suddenly" started dumping at us questions similar to ones previously asked over there
 
@durron597 whoever makes the most off of it, I would assume
 
Middlemen connect buyers and sellers. They improve liquidity in a market
 
8:36 PM
@Ampt The answer is neither. The middleman does it
We buy the catalyst, create platinum sponge (basically powder) which honda can immediately use in their factory
 
@maple_shaft they're also better at predicting the market
which is what I was getting at with the soviet russia problem
that was a huge problem of communism: knowing how much and of what to make
 
i g2g
 
@Ampt In Soviet Russia, middlemen liquidize you!
 
you'd end up with 8 billion tires for a million cars or vice versa
 
nice talking to you all
 
8:37 PM
later @maple_shaft!
 
@maple_shaft Good luck!
 
@durron597 I knew that was coming O_O
 
we're all sitting over your shoulder
in your head to be specific
 
I suppose you guys are more of a distributor than middleman
 
@enderland Actually one of our other big projects is to remove middlemen
As much as possible
right now middlemen go around to all the town dumps etc. etc. and buy catalysts and sell them to us in bulk
 
8:41 PM
Right
I think I misunderstood what you were describing initially
 
we'd like to do more buying from the dumps directly
 
scaling isn't free though
the middle men do provide a service
 
that's actually the CEO of the parent corp's #1 vision for the next 5-10 years
 
they just likely cost way more than it's actually worth
 
correct... and we pay them for that service
our margins would be better if we could cut them out, but we can't.
yet.
 
8:43 PM
see what you do is very interesting. you're almost exactly in the ideal free market area
well... I assume anyway
LET ME PRETEND OK
 
There are a lot of middlemen that provide no value and simply add additional steps into an otherwise pretty optimized process (such as mutual fund brokers and salesmen)
 
well, the mutual fund brokers and salesmen are there to provide insight
and hopefully knowledge
of course most of the time it's overpriced knowledge
but there is a value there...
and of course it's worth whatever people will pay for it
 
It's all overpriced, index funds are strictly better than managed mutual funds
 
yes, they are outdated now
at one point they were worth something
 
they have been for about 40 years
enderland is going to get on a soapbox
 
8:48 PM
yes, there are a lot of middlemen who are there to squeeze out your money. in my opinion, the only problem that I have with them is when they are legally obligated to be a part of the process (I.E. Car dealerships)
if you can bypass them and save yourself money, then everyone else is paying a stupid tax by using them
 
Right. That's why I own only index funds
 
I'm not saying that I support middlemen
 
There are some middlemen services which add value, such as large distributors such as Walmart/Target/Amazon which do provide me as a customer with value
 
but the only way to combat them is to educated people
 
Most however remove value (such as car salesmen and fund brokers) on the whole
 
8:52 PM
What are you going to do? Buy a car from Honda corporate?
 
@enderland the reason all of those places you just listed are valuable is because they remove middleman. They have far director access to the factories than the vast majority of other sources you might use to get the merchandise you get from them.
 
@JimmyHoffa Right, exactly
 
@durron597 in a lot of places, you legally can't
 
@durron597 Sure - ordering directly from producers can eliminate TONS of middlemen/waste
The mattress I recently bought was online, think how much wasted overhead goes into mattress retailers/stores/salesmen
 
and is often illegal or regulated out of existence. Perfect example is buying a house- these days the entire job of a realtor who you're buying a house with is to setup some alerts on a website to notify you about houses registered with the MLS that meet your criteria. Anybody can do that themselves however, they also call the realtors and schedule time for you to view the houses and submit any offers you might make -> Because the realtor selling will not deal directly with people.
It's agreed upon middlemen for no reason. A normal person could call the owning houses realtor and submit the offer themselves, but as it is the realtor won't accept communications from anyone who isn't represented by a realtor because it would be bad for their industry
so you submit your letter to your realtor who just sends it off. They do practically zero work.
a selling realtor does a bit of work, but a buying realtor just wastes time because viewings have to be scheduled when they can be present
all communications have to go through them and they do nothing with those communications but literally pass them off to another realtor. And then they take thousands and thousands of dollars from the sale just for being a communication proxy.
(I don't like real estate agents)
 
8:57 PM
yeah, real estate agents are another good example, though they can at least provide some value in terms of "research" or otherwise providing you with experience
 
agreed, thats another good example where the middleman has regulated himself in
 
Nah, more that the internet has removed the need for them
Information is far more accessible now than ever before
 
I bring it up because it's a concrete example of where middleman do exist, are held in place by nonsense for their own good, and provide zero value. One example to point out it does happen, and you can elaborate on the likelihood of other such examples.
lord knows recruiters in our industry are worse than middleman, they'll screw over both sides of a recruitment- candidate and potential employer by telling the employer the candidate's thinking it over, and then telling the candidate that they haven't heard anything from the employer but have another interview available-> Because another employer pays a bigger commission.
In our industry recruiters are worse than a wasteful middleman layer, they're outright deleterious
they create downward wage pressure across the industry which is totally artificial as well, while employers are willing to pay X for skills, due to recruiters and constant contractors, employees only get paid Y which is not commensurate with actual market value for their skillset
 
Yup, like I said, I strongly dislike middlemen who subtract value
 
@enderland which is the vast majority of them
just about anyone who's job isn't production or servicing is just trimming cream somehow. And a vast portion, likely the majority, of jobs are neither of those things.
 
psr
9:51 PM
@JimmyHoffa You took finding a loophole kind of literally there.
 
@psr You dare criticize my manifesto???
 
I shall criticize your formatting instead
 
psr
@JimmyHoffa On the other hand they do pressure buyers and sellers to close deals ASAP so they can collect sooner and do even less work.
 
@JimmyHoffa ... So long as you don't got sulk in the woods for a few years...
 
psr
@JimmyHoffa Give me a minute to remove it from my intestine first.
 
10:05 PM
@Ampt let me guess, you wrote your manifesto in letters carved from strawberries and dried just after molding? Pfah, that's so 90s...
 
Speaking of useless companies
Did you know there is a company who's entire existence is to find people on welfare rolls (paid for by states) who can be moved to disability (paid for by the federal goverment) so the states don't have to pay for them anymore?
States pay $2600 per person for this service.
 
@durron597 that's cheap, people themselves often pay far more to get on disability, unless they're fraudsters then they just lie and get on for free
@durron597 Lots of this is due to the higher requirements for jobs these days because industry efficiencies have reduced employer needs significantly so since they need a tenth as many employees as they used to, they're willing to be 10 times pickier - if they needed many more they'd have to be less picky. In the 70s a high school diploma could get you a middle class job, nowadays a college degree is practically mandatory-> Guess what makes getting approved for disability really easy ?
Lacking a college degree.
I don't say that to disavow the claims of uneducated people on disability, I say that to point out how much it sucks that if you have a college degree, try hard to do well despite your troubles, and don't lie on the applications - There's very little chance you'll get disability without getting a lawyer to argue it all through for you.
Willing to lie through your teeth like a fraudster? Welcome to disability. Uneducated? Hop on in. Haven't been willing to even try working for the past few years? Step right up. Educated, not willing to lie, and having attempted to work regardless of a debilitating problem? Get a job ya bum.
 
psr
10:27 PM
Even private disability insurance often covers working in your current field of occupation, and if so rates for programmers (per $ of salary covered) are comparatively low because you have to be relatively more sick or injured to not be able to work at a keyboard. Since disability is about ability to work it's not unreasonable for it to be related to what kind of work you are normally capable of.
 
10:43 PM
> In practice, it's a judgment call made in doctors' offices and courtrooms around the country.
^-- often stated, never true. Doctors do not choose who get's disability. They lend a minimum of help.
They can write letters for you but ultimately those letters mean nothing to the government unless those letters are outright diagnoses that fall into the lists the government has decided, regardless of doctors.
 
friday afternoon foosball ftw
 
^-- completely ignores the fact that back pain is subjective and has grown in large part due to constant denials for so many other things thanks to the many medical improvements in dealing with the objectively measurable things
it's easy to deny people for objectively measurable things where medicine has had measurable benefits towards, there's no objective measurable improvements that you can find for subjective pain
 
@JimmyHoffa A college degree is worth less than it used to be because everyone has one these days. Pell Grants and federally subsidized education loans have oversupplied the market, forcing everyone to go to college now
It's also sent tuition prices through the rough, because people don't see the costs themselves when they're 17
 
@durron597 the degree profers less benefits than it had, but the lack of a degree profers far less benefits than it had as a side effect.
 
@JimmyHoffa Agreed.
Because everyone has one now, everyone has to have one. Thank you government
 
10:52 PM
No, worthless college degrees are what has caused the cost of them to go up - technical degrees can still be financially viable
 
you're welcome
 
(Note: as usual when I talk about politics in this chatroom, I'm not blaming either party alone. Both are complicit)
 
lol
 
Education being a for-profit entity is the chief culprit here
 
as a recent grad, I agree. 75% of my friends with degrees have fancy toilet paper
 
10:53 PM
@enderland Why?
 
I got a degree and had a job lined up 5 months ahead of graduation
 
That and having student interests tied inextricably from professor, research, and very much conflicting interests
@durron597 Because the goal of universities isn't good education for reasonable cost but rather profit
Well, many
But research grants at larger state schools normally has a similar interest too because professors want to make "money" ie secure more grants
 
The goal of most businesses is to try to sell you something that you want to buy
Cost is only one component
If there weren't cheap education loans available everywhere, no one would be able to afford these prices, so the demand would plummet, and then the tuitions would plummet to match.
I'm not sure what that has to do with "being a for-profit" entity
Amazon is also a "for-profit" entity but they deliver a product people want to have and it works
 
@Ampt that's as anecdotal as WorldEngineer's experience. There's so much variability in people's experiences in this regard it's hard to point at what's an 'average experience'
@durron597 this is only one and I'd say not even the most common model. Currently with our economy being such a services focussed one, I'd say it's more common that the goal of businesses is to convince people to pay them for something, with a strong focus on the convince.
 
@JimmyHoffa an average experience for what?
a recent college grad or a recent engineering grad?
or both?
 
11:01 PM
The verbs doing, producing, or improving are ones you could claim many businesses are modelled around, but at least as many if not more are modelled around convincing, selling, and in a sadly large number of cases; tricking (spam snail mail is ages older than spam email, and much of it is truly attempting trickery, that's not a small industry)
 
@JimmyHoffa I agree, I was using a definition of the word want that makes my sentence fit with yours
perhaps I should have said "that you think you want to buy"
 
user15026
@Ampt I got a degree and was unemployed for 4 months and am doing things completely unrelated to it.
 
@Ampt both. Like I said, look at WorldEngineer's experience. I know many people who've had similar experiences to his and some with similar to yours, but more than anything there's huge variability in the stories I've heard from people around that
 
user15026
I mean if we are just considering CS, I know people who got jobs right away, and others who took forever (or ended up doing other things completely)
 
have a good weekend everyone!
 
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