Majromax

32 ms·

391.
by Majromax 4y ago
> Banks are forced to abide by regulations and laws dictating how fractional-reserve organizations are allowed to operate. In return, peoples' deposits are backed by the government up to $250k (in the US). Depositors also have first
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by Majromax 4y ago
Surprisingly (or suspiciously) steady financial results are also a fair marker of an offering being a scam or fraudulent, particularly when there's no explanation beyond "good management practices." Since a pure fraud makes u
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by Majromax 4y ago
Let's go back to the three basic roles of currency. A currency is a medium of exchange, a medium of account, and a store of value. Bitcoin certainly has value as a medium of exchange because it can be (and is) exchanged between people
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by Majromax 4y ago
> I've provided details here I agree with you that Tether is very risky, but I think your revaluation of the "digital coins" class. In its attestations, Tether claims to value digital coins as "cost less impairment,&
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by Majromax 4y ago
Even in those jurisdictions, taxes are still assessed in the local currency. Cryptocurrency is just a medium of exchange, so it has value in the same way that Visa the company has value.
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by Majromax 4y ago
> So how can a Canadian mortgage (or series of them in 5 year increments) be paid off in 30 years just like a US mortgage, if the monthly payments are much less each month? When you presented your US numbers above, your "X year US m
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by Majromax 4y ago
> if there's a huge balloon payment owed at the end, then the Canadian "homeowner" still owes a large amount after 25 or 30 years. So perhaps the next loan is for less, but still a significant amount. In the US, most peopl
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by Majromax 4y ago
> If I expressed the Canadian CPI in USD that would look like a 30% deflation. Now we're up at 0.79 USD per CAD one year later. It's pretty volatile. If you wanted to convert the numbers, over decadal timescales you'd pro
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by Majromax 4y ago
> I get the impression your problem is more about the people, not the platform. There's one structural difference: Usenet had no engagement metric but replies. Modern replacements measure and implicitly optimize for view counts (th
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by Majromax 4y ago
> I understand that they have additional revenue streams by licensing lighting to accessories manufactures, but still... Bingo. It's not the charging, it's the port itself. But the fee and lock-in also apply to data-using acc
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by Majromax 4y ago
There's also a deeper set of definitions at play. Twitter the corporation cares about monetizable active users, as stated. Or, in English, "what fraction of ads served are really going to robots?" Twitter users don't
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by Majromax 4y ago
The SEC has little to do with the legal merger agreement. That will be executed (or not) under Delaware corporate law.
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by Majromax 4y ago
> If you are tether and your asserts are in bonds that mature in under N days, then you could just promise redemption within N days to eliminate bank run risk. I don't think that's reasonable for Tether, at least not with a bul
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by Majromax 4y ago
Unless Tether itself is the entity on the other end of that transaction. From Tether's reserves report, it has $82.42bn of reserves against $82.26bn in liabilities ($82.19bn of which are the tokens), for a net equity position of about
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by Majromax 4y ago
> whenever the price of Tethers drops to $0.99, they buy tethers until the price is back up to $1. Buy Tethers with what? If the money is in fact saved in regulated banks or other such instruments, there's nothing liquid left to de
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by Majromax 4y ago
> The major downside to reddit is that it's not distributed, and the system is owned by a single corporation. I think the voting system acts as another major difference, with ambiguous effect. Usenet had no concept of 'likes&#x
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by Majromax 4y ago
> Note that this has been around since 1980: The strong efficient market hypothesis combined with completely rational (no-noise) market participants leads to a "no-trade theorem." If anyone tried to buy or sell a security base
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by Majromax 4y ago
> It's $100 for 3 more years of battery. If you can't handle that, buy a slightly cheaper phone or a refurb. But tell me, where does it say on the iPhone box that the phone battery only lasts three years, give or take? How is
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by Majromax 4y ago
> It should be easy to install some new software on any of your computers (router or desktop or TV or phone or whatever) and have it do some useful new thing. But it's not. I disagree. I don't think it's difficult for com
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by Majromax 4y ago
I think you're conflating 'general purpose computing' with multitasking or multifunction devices. PiHole exists precisely because the Pi is a general-purpose computing device: it uses a relatively stock operating system and n
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by Majromax 4y ago
The paradox arises because cost per unit fuel does not decrease because of use-efficiency. Whether your car gets 20 miles to the gallon or 50, you pay the same price per gallon at the pump. Therefore, in an "all other things being equ
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by Majromax 4y ago
> If I sell GME to buy AMZN, does that have different collateral implications to selling GME to buy GME an hour later? Yes. Stock trades don't settle instantly, and brokers must put up collateral to ensure that parties don't w
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by Majromax 5y ago
> I'm going to try to find a source, but I saw an analysis where they measured from a year before the split, There's a bit of time travel / survivor bias with this one. A company that has not beaten the market is much les
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by Majromax 5y ago
> You’re categorically changing the profile of the stock. Mechanically, it's not much different than an issue of new shares. From Twitter's announcement: >> each right will entitle its holder [...] to purchase, at the th
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by Majromax 5y ago
There's no copyright to the rules of the game itself, but its implementation as a work of Javascript is certainly copyrightable, in the same way that the manual of a board game is copyrightable. There may also be a copyright interest i
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by Majromax 5y ago
> Do those foreign investors leave the house empty? Who cares if we can just build more? I'll note here that there is a legitimate complaint to vacant housing. Some expensive city infrastructure like transit is supported by people-
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by Majromax 5y ago
That's generally happened. House prices have notably increased not just in major cities, but also in smaller municipalities within commuting distances of Toronto, Vancouver, Ottawa, and Montreal. Truly "cheap" housing is his
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by Majromax 5y ago
> A reasonable persons understands you are: XX (Female), XY (Male) [...] A reasonable person is also not applying a chromosomal test to determine gender. Instead, the reasonable person identifies gender by appearance, incorporating anat
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by Majromax 5y ago
I don't think that "it would be expensive to maintain the software" is a tenable counter-argument to a claim that a gender-neutral option (or optional gender) is important in preventing discrimination. In particular, all of y
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by Majromax 5y ago
> Maybe all the math has already been done, I doubt it. Brand value is a notoriously fuzzy concept, and corporate decision-making features a heavy measurement bias. A toxic brand might be measurable by the time it's influencing en

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