butlerm

12 ms·

61.
by butlerm 3y ago
> Around 4.91% interest up to $4M. Anyone being paid interest like that on demand deposits should expect their bank to fail, unfortunately, and consider themselves lucky to get cents on the dollar when it does.
62.
by butlerm 3y ago
> So they got exposure to the upside of the bank's risk, but were bailed out of the downside. The fastest way to cure the risk of banks like SVB would be to make it illegal to pay interest on demand deposits and have those that want
63.
by butlerm 3y ago
Taxpayers as such are not going to pay one dime to cover what would otherwise be losses to depositors at Silicon Valley Bank. The FDIC bills the actual cost of deposit insurance to banks, not to the federal government. It is a cost of doing
64.
by butlerm 3y ago
> And once again, average Americans are going to foot the bill for all of this. If anyone is subject to increased fees for the benefit of de facto federal deposit insurance it will be the beneficiaries, mostly businesses that need sizabl
65.
by butlerm 3y ago
Embedded references to external javascript libraries, fonts, images, and so on on a web page are resolved by the browser by making a connection to the service that hosts the resource, and connections over the Internet necessarily involve tw
66.
by butlerm 3y ago
In my experience, it is a serious problem when product people do not understand how their product actually works, even when treated as a black box with observable external behaviors and interfaces.
67.
by butlerm 3y ago
Designing a user interface of all things is a technical job, and non-technical folks who are asked to do that should probably study those things to do their jobs well.
68.
by butlerm 3y ago
Economics is rather dodgy as a science as well, at least compared to the physical sciences. e.g. (as has been said of philosophers) is there anything more predictable than two economists who will give the opposite recommendations on nearly
69.
by butlerm 3y ago
None of those posts except the last looks like taunting the SEC to me, but rather keeping the public and their customer base in particular up to date on a live regulatory issue that may present a risk to their business. That is the type of
70.
by butlerm 3y ago
If you look up the definitions of "security", "financial instrument", "commodity", and "currency", it is pretty clear that a plain vanilla crypto-currency like Bitcoin is no ordinary security nor a fi
71.
by butlerm 3y ago
FDIC member banks are subject to regular and special assessments by law to pay for deposit insurance up to the legal limit for their depositors. Much like insurance premiums. I do not imagine that your airline pays for airline mile insuranc
72.
by butlerm 3y ago
> Your first mistake is assuming that ... your...account now holds USD $500. Same mistake with making an uninsured deposit at any bank. A deposit at a modern bank is just a possibly insured low or no interest loan to the bank. It does
73.
by butlerm 3y ago
In the United States, non-profit organizations are generally tax exempt, whether they are religious or not.
74.
by butlerm 3y ago
This article could use some precision about exactly what rights they were giving up. Rights to the "World Wide Web" not so much. Specific copyrights and patent rights are something else. There could have been patents that were e
75.
by butlerm 4y ago
INSERT, UPDATE, and DELETE sound quite imperative to me. Not to mention DROP TABLE.
76.
by butlerm 4y ago
Vector graphics designed for a desktop display or a printed page generally do not work well on small displays unless scaling to fit or scrolling is acceptable. I can hardly imagine what one would do to make something like SVG reflow in a s
77.
by butlerm 4y ago
There are legal changes that could be made to safely support that in different types of accounts without requiring customers to switch banks. In my view anything referred to as a deposit should be insured in any case, but there are other po
78.
by butlerm 4y ago
I would worry about any university that had a CS program like that. In a decent CS program you should be writing a compiler in your senior year.
79.
by butlerm 4y ago
Idempotency of message reception is different than idempotency of message execution.
80.
by butlerm 4y ago
The press regularly repeats claims that a relatively small amount of fentanyl seized in a drug bust or something would be enough to kill a large fraction of the population of United States. Such claims may be wildly overstated however becau
81.
by butlerm 4y ago
Anything is possible in fiction of course, but it is hard to take a story seriously that uses a material whose properties would be contrary to the laws of physics as a plot device. Either you have a material so unstable that galaxies would
82.
by butlerm 4y ago
Durable in the database context refers to durability of transactions, i.e. your database does not lose a record of committed transactions. A good example is an ATM withdrawal.
83.
by butlerm 4y ago
That is a claim, not an explanation. Satisfactory answers need to be provided for the typical requirements that a small to medium web app might have, or the claim is unjustified. (Nearly) zero down time is a common requirement. Can a live
84.
by butlerm 4y ago
In a case like this effective regulation is much more practical, and many libertarians would agree. The purists maintain that the legal liability that should follow an accident like this should be sufficient incentive to cause railroad com
85.
by butlerm 4y ago
The consequence of an illegal strike is that the workers in question may lose their jobs. This happened to a rather large number of air traffic controllers in 1981 and the union in question was decertified. They didn't just lose thei
86.
by butlerm 4y ago
I fail to see why any typical use of XML _needs_ XSD, XPath, or XSLT. You certainly don't need XSD validation. It is trivial with stream processing to detect, skip over, and report on elements that shouldn't be there and every ge
87.
by butlerm 4y ago
XML is rarely used as a markup language, in fact it is almost a failure as a markup language, witness the non-use of XHTML. It is a markup language that turned out to have more utility as a general purpose data format, and it certainly didn
88.
by butlerm 4y ago
By the time the XML specification was standardized from the more general SGML, I don't think there was any idea of using it only as a markup language. The XML specification lists support for a wide variety of applications as one of the
89.
by butlerm 4y ago
I am not under the impression that JSON has replaced XML as a data interchange format for general usage at all. It is useful for APIs, problematic for configuration files, and relatively uncommon as a file format. I don't think there i
90.
by butlerm 4y ago
The problem is json is not a simple format. In one major respect it is more difficult to generate than XML. The inability to handle commas as terminators rather than separators is a disaster that immensely complicates generating arbitrary

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