SilasX

48 ms·

751.
by SilasX 4y ago
The problem, though, is that it's not necessarily 100% up to them whether they'll hold it to maturity, since withdrawals can force them to liquidate it. It seems like they should have a ruling forcing the use of some formula that
752.
by SilasX 4y ago
I thought financial companies had regulations against bottlenecks like that? Something like, every employee has to have their access turned off for one uninterrupted week, to ensure they didn't leave something in that depends on them o
753.
by SilasX 4y ago
What specifically? Because they don't use the latest hip UI framework that breaks interoperability in order to appeal to the selfsame 20somethings that advocated for it? The site works for me, and probably everyone else. My accessibili
754.
by SilasX 4y ago
It’s the opposite: they started out distinct, but then, by the euphemism treadmill, became used interchangeably. And if you go back even further it meant something even milder, like furloughed or terminated with the intent to rehire when ex
755.
by SilasX 4y ago
4 years ago, Google had proposed a massive housing development of their own, which some then compared to bringing back "company towns". My reaction was, we must be in a pretty crappy state where company towns are an improvement
756.
by SilasX 4y ago
Sure, it’s not technically “their job” to destroy a dollar’s worth of obligations for 90 cents. It’s just a darn good idea.
757.
by SilasX 4y ago
It seems like the point of that comment to look knowledgeable while providing no actionable information[2] and falsely implying it’s too difficult[1], so I’m guessing no, as that would defeat their seeming objectives in making the comment t
758.
by SilasX 4y ago
Yes, and I have been, by accident! I borrowed USDC on Compound.finance a while ago, using wrapped bitcoin as collateral and the loan remains open. I was intending to just extract some equity from my BTC without selling it, not profit from c
759.
by SilasX 4y ago
Great, let’s pick up that metaphor. 35 year old dies BASE jumping. 34 year old BASE jumper says, “yeah he was taking on too much risk — that’s way too old to be BASE jumping.” 56% of assets in long term fixed rate loans is fatal. 26% is als
760.
by SilasX 4y ago
What do you think your comments are adding to the discussion here? You’re going in circles and I don’t see the coherent point. The original criticism was that WF criticized SVB while still holding a sufficiently dangerous fraction of their
761.
by SilasX 4y ago
I would say your comment is the low quality one, when the thread just sketched out[1] why WF’s “safe” level ought to be similarly fatal, and you’re just restating the obvious with a lecture about how 28% is safer than 56%, which was never i
762.
by SilasX 4y ago
> Circle held around $3.3 billion in Silicon Valley Bank, leading to a run on USDC which resulted in it trading for as little as $0.95 on some exchanges today (Mar 10, 2023). It dipped as low as .82 on Gemini. I used the chance to buy so
763.
by SilasX 4y ago
The same could have been said of SVB. And, surprise, they didn’t set aside a loss buffer equal to 5.6% of deposits either, just to cover that part of the portfolio, because that’s not feasible.
764.
by SilasX 4y ago
Why do you think 28% vs 56% prevents insolvency when those assets took a 20% loss from rising interest rates?
765.
by SilasX 4y ago
While also being ~160% collateralized. I’d link more specific figures but the makerdao site, like most crypto projects, doesn’t make those figures easy to find. Edit: There you go: https://daistats.com/#/ Disclaimer: s
766.
by SilasX 4y ago
Not unless interest rates plummet, no. The bulk of portfolio losses is from long term bonds losing value with the increase in interest rates. Allowing more time to sell doesn’t help you there, especially if you have to pay prevailing intere
767.
by SilasX 4y ago
No bank keeps 100% liquidity, but my understanding is that most banks are capable of getting liquidity -- at least from the lender of last resort (LoLR) -- for massive withdrawals based on the value of their loan portfolio, and SVB's
768.
by SilasX 4y ago
>Duration risk is risk. Correct, but the GP’s point was that it was not “startup creditworthiness risk”, the thing SVB was most ridiculed for taking on.
769.
by SilasX 4y ago
The error wasn’t that the mortgages defaulted too much (like in the ‘08 crisis) but that interest rates went up, which is a distinct problem, and, from the comments in these discussions, not something that the capital requirements adequatel
770.
by SilasX 4y ago
Yeah I lived in one (in the Domain in Austin) and one thing that bothered me about the noise, was that I would hear it from the unit above me through my side wall . That is, if they played loud music or talked loudly, it sounded like it wa
771.
by SilasX 4y ago
Another fix would be to independently measure noise isolation and report that, so renters can actually make decisions based on it, and builders would have an incentive to include it, since they could more reliably charge more for it.
772.
by SilasX 4y ago
If anyone is interested in talking about the puzzle app itself, I think I found a generated puzzle with two valid solutions (posted on the author's substack -- not sure if it's the same as the submitter). Unfortunately, it doesn&#
773.
by SilasX 4y ago
Kinda funny how many people -- especially "curious" HN users -- will gladly write a comment wondering why anyone would use stablecoins rather than regular dollars, despite the ease of googling the answer or searching HN, and despi
774.
by SilasX 4y ago
For me, the takeaway is that they collect and persist too much personalized data about users, and it's a shame that people only start caring when it affects abortion access. Now, Google, to their credit, claims[1] they now purge inform
775.
by SilasX 4y ago
And in the Romance languages, some variant of “ordinator”, meaning someone who orders, regulates, or arranges, closer to the tasks we actually expect of computers.
776.
by SilasX 4y ago
Including Firefox and forced live updates (noteworthy since it’s from such a “you own your machine” org): https://news.ycombinator.com/item?id=19825745
777.
by SilasX 4y ago
As others have noted, states typically have you on the title and the bank just has a lien, so I’m not sure that would even be technically accurate. And even if accurate, your tone is too lackadaisical and overclever for this kind of interac
778.
by SilasX 4y ago
I've been using extensions like this since 2009[1], when I went on a deep dive on how to do everything from the keyboard -- eventually leading me to register tyrannyofthemouse.com. Unfortunately, there's been a pretty clear shift
779.
by SilasX 4y ago
It has the same root comment, so that feels like the same thread to me. Either way, it means you're clinging to a technicality to be right. So then what's your substantive point? You claimed no one is mad, no one made a particular
780.
by SilasX 4y ago
No, not literally everyone. Don’t exaggerate. In addition to the litany of people hand-wringing about the harms of lying (which you will probably not count), there’s comments like this one, complaining that the clothing influx “hurts” the e

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