beambot

55 ms·

721.
by beambot 5y ago
What you are describing is market makers, not Robinhood. Quoting directly from the S-1: > Our PFOF and Transaction Rebate arrangements with market makers are a matter of practice and business understanding and not documented under bindi
722.
by beambot 5y ago
Your use of the word "trade" versus "invest" perfect encapsulates the nuance of Robinhood. What exactly is Robinhood's product? It's certainly not the newly-minted traders -- their orders are "free&quot
723.
by beambot 5y ago
This isn't the first offense. They were fined $65M in Dec 2020 for similar infractions [1]. Clearly that wasn't enough to deter bad behavior. I'm a fan of exponential backoff. Pick an exponent. 3x-10x the last infraction
724.
by beambot 5y ago
Gross profits, not net. Their net profit is probably negative, like most growth stage pre-IPO or recently-IPO tech companies. They were looking at IPOing at a $30B valuation. The fine is 0.2% of their anticipated market cap.
725.
by beambot 5y ago
Sounds like a good project for Intuit. Create a new competitor to TurboTax for the low-end market. Upsell into TurboTax. And for #4, they could become the defacto IRS tool with perfect regulatory capture funded by government subsidies.
726.
by beambot 5y ago
When the "fine" is minuscule relative to profits and the bulk of it goes to a private company / self-regulatory organization (FINRA: [1]), it might be more accurate to label this a "bribe" for plausible deniability.
727.
by beambot 5y ago
The most impactful activities I pursued during my PhD had absolutely no bearing on my research itself. Here's one example: I created a robotics blog where I wrote about some of the new, interesting developments in the field that piqued
728.
by beambot 5y ago
Collateral doesn't get you liquidity... You can still have a run on the bank with insufficient liquidity.
729.
by beambot 5y ago
Not lazy, "strategic". Someone will run for office or political appointment and use this (failed) case to prop up their "strong stance against the tech aristocracy." The complete lack of merit or critical thinking will b
730.
by beambot 5y ago
At "Battery Day", Tesla alluded to their plans to make their organization more vertically integrated: Lithium mining, battery production, and new vehicle designs that incorporate their own cells directly into the vehicle structure
731.
by beambot 5y ago
Best write-up I've seen about selling a small SaaS is HN OG patio11 / Kalzumeus' sale of Bingo Card Creator: https://training.kalzumeus.com/newsletters/archive/selling_s...
732.
by beambot 5y ago
Doesn't seem that uncommon: https://www.prisonpolicy.org/blog/2020/02/13/jaildeaths/
733.
by beambot 5y ago
Even if the ship survived, can the crew survive at less than 500m from ground zero?
734.
by beambot 5y ago
You're conflating bitcoin (specifically) with blockchain (generally). The general class of networked computers spawned a bunch of specific implementations: www, usenet, gopher, etc. Some survived, others didn't. The ones that su
735.
by beambot 5y ago
Time constants on innovation rarely translate across domains. Look at adoption times for bank notes to central bank (i.e. federally-backed) fiat. Or adoption and discontinuation of the gold standard. TLDR: I would expect the time constant f
736.
by beambot 5y ago
> If that assumption holds, most people would be unable to see the forest for the trees, maybe even the president of the fed of minneapolis. It reminds me of living through the early www. We went from "who would ever buy books onlin
737.
by beambot 5y ago
I was of the impression that Prions are notoriously impervious to heat. They were said to withstand typical disinfecting protocols using an autoclave (250°F for 15-20min). Quick source: > To destroy a prion it must be denatured to the
738.
by beambot 5y ago
Out of curiosity, can you list some of your leisure activities that involve other people...? Taken to extremes, most leisure activities have adverse effects on "professionals".
739.
by beambot 5y ago
Your question is a bit tautological. If you're going to claim that the plants' eusocial behavior is emergent, then I'd argue that so is human consciousness. The mere act of comparing them is the definition of "anthropomo
740.
by beambot 5y ago
Linux's Unix predecessor originated in the mid-1960s and into the early 1970s. It's almost 50 years old at this point. It didn't even get POSIX compliance until the 1980s, and it was 20-25 years old (2x BTC) when Linus got
741.
by beambot 5y ago
Where do you (personally) draw the line at material harm...? We already have a system (the courts) for redressing material harms. Many HOA bylaws (house color, RV parking, minimal landscaping requirements, etc etc etc) aren't material
742.
by beambot 5y ago
Looks like Tylenol is/was owned by J&J... the same company that knowingly sold talcum powder that caused cancer: https://www.npr.org/2020/05/19/859182015/johnson-johnson-sto...
743.
by beambot 5y ago
It's really not all that common. Fascinating take on the subject: https://www.cbc.ca/news/canada/saskatchewan/inner-monologue-... > According to Hulburt, not many people have an inner monologue 100 pe
744.
by beambot 5y ago
POW is permissionless, in that you don't need anyone's permission to setup a mining rig and contribute significant work. POS isn't permissionless -- you literally have to buy a stake from existing holders in order to particip
745.
by beambot 5y ago
Ah, I'll bet you're right! Wow, that significantly changes the meaning...
746.
by beambot 5y ago
> there were 2.6 million books sold online in 2020 and only 268 of them sold more than 100,000 copies I'm confused... just the top 0.0001% (268 x 100k) is 26.8M, yet they claim only 2.6M books were sold total for the full year. Am I
747.
by beambot 5y ago
Or different people just have different value functions, and many of them don't care about "wealth maximization" when they're already comfortably in the 1%...
748.
by beambot 5y ago
I don't want to put words in the GP's mouth... but I believe GPs point is more akin to "one snowflake = one snowflake" (to use your analogy). In other words: California does not value water equally between use cases -- t
749.
by beambot 5y ago
A huge fraction of publicly traded companies have preferred stock in addition to their standard ticker... They just have different terms (eg pricing vs underlying, dividends, etc).
750.
by beambot 5y ago
The DAO hack was "corrected" because it was big & loud, but countless others (esp small-time players) have been wronged without resolution. That seems to be a problem with the DAO... there's no mechanism to resolve small

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