bagacrap

30 ms·

511.
by bagacrap 4y ago
Some bondholders got something. Specifically, the ones holding traditional bonds. The ones holding higher-paying and riskier bonds got nothing, by design.
512.
by bagacrap 4y ago
CS shareholders got next to nothing. The govt forced through a deal over the weekend that valued the equity at far less than what the market did just 2 days prior. Anyway that's not even in the same country. SVB shareholders got zero.
513.
by bagacrap 4y ago
Yes that is the same broken window as the fallacy. So it's famously wrong, not just suddenly discovered to be wrong.
514.
by bagacrap 4y ago
SafeBrowsing filters out the known bad ones. Curating known good would equate to some sort of app store. There are probably initiatives to make one for web apps, but it kind of makes me sad to think of applying that to the web, which is sup
515.
by bagacrap 4y ago
Yes those greedy banks that are selfishly trying not to go out of business
516.
by bagacrap 4y ago
The Fed literally can't turn it off because they have a mandate to fight inflation.
517.
by bagacrap 4y ago
Competition with other banks (as well as non bank places to hold money)
518.
by bagacrap 4y ago
Banks don't mark these bonds to market so the fact that the older bonds have lower present value and higher yield (although still much lower than 5% on long bonds as a result of yield curve inversion) is not relevant. These banks canno
519.
by bagacrap 4y ago
I distinctly remember this in wc3 (the first one I played), because for a long time I thought the game was broken. I found out losing a mission didn't make you lose completely (a rare concept at the time) but didn't realize the ne
520.
by bagacrap 4y ago
If you are afraid of crime in a place then why are you out on foot there after midnight?
521.
by bagacrap 4y ago
Probably better than being forced to write your app in 4 different languages to hit all the different devices out there. Also I don't hate typescript and there's always wasm.
522.
by bagacrap 4y ago
Clearly if we knew how to perfectly identify user hostile websites we'd not need permissions dialogs at all. Distinguishing between site and app, e.g. via an installation process, is equivalent to a permissions dialog, except that you&
523.
by bagacrap 4y ago
Arguably you legally must be experienced to operate one
524.
by bagacrap 4y ago
I mean, did Michael Jordan just get lucky every time he shot a basketball? No, he had talent. Maybe not 10000x the talent of some street baller, but then maybe wealth doesn't scale linearly with talent.
525.
by bagacrap 4y ago
How do you know the number of VPs when the development cards are hidden
526.
by bagacrap 4y ago
Even the loudest, most annoying haters don't think it's overvalued by 50x. More like 10x at most, if you think it's just like any other car company and growth is going to zero. My point was about the business though, not the
527.
by bagacrap 4y ago
Criminology is economics?
528.
by bagacrap 4y ago
To be fair, Microsoft has zero to lose by slapping together some crappy integration. Of course they're going to move faster. Nowhere near would apply if Google had no chatgpt competitor, not if they were still working on perfecting t
529.
by bagacrap 4y ago
> Even if Google puts up a similar product, it has to retain 100% of its revenue and margin. I see you've been to one of Satya's seminars. Not at all inside the bubble then ;) What happens if Google search only retains 98% of i
530.
by bagacrap 4y ago
No one thinks 10% of users at Google scale is a small number, or 3% of people at America scale. Also it's poor taste to compare power users who want 5M+ files to blind users, as if both groups deserve equal effort to protect their inte
531.
by bagacrap 4y ago
On top of that, the astronauts never actually attacked Elon. The interviewer played it up into something it wasn't. (Not sure why Elon went along with it.) Sama reminds me strongly of Elon. Since the new economy seems to mostly revolve
532.
by bagacrap 4y ago
When did he say profit was bad?
533.
by bagacrap 4y ago
Larry Page Lisa Su Satya Nadella (well, I consider him a conman but I seem to be in the minority)
534.
by bagacrap 4y ago
... of marketing
535.
by bagacrap 4y ago
Are you referring to the broken window fallacy? Never heard it called a theory
536.
by bagacrap 4y ago
Welp, my dad had an unexpected and fatal heart attack at 58. I would count myself lucky to live to 73.
537.
by bagacrap 4y ago
Anyone who uses reserved capacity will see their prices double? That's still not true.
538.
by bagacrap 4y ago
Title is intentionally misleading even if it's technically accurate (given that "many" has no technical meaning).
539.
by bagacrap 4y ago
Sbf is on trial. Cz's alleged crimes are much less bad IMO, and no worse than a lot of other white collar crime. Binance mainly only "victimized" more sophisticated players like hedge funds or Americans who knew it was illega
540.
by bagacrap 4y ago
Hopefully binance didn't straight up steal customer funds like FTX. It's profitable enough to charge hefty fees (compared to tradfi) and use customer info to feed your quant algorithms or act as a market maker. On the one hand, I&

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