darawk

8 ms·

31.
by darawk 3y ago
Every company I've said that about is still operating smoothly to this day.
32.
by darawk 3y ago
They are still processing withdrawals as smoothly as ever, despite the lawsuits and judgment. Their tokens are trading at parity. They have seen huge outflows, and haven't faltered in the slightest.
33.
by darawk 3y ago
The fact that they are still processing withdrawals is all the audit anyone who understands these things needs.
34.
by darawk 3y ago
> So far at least, this is a tech that is being pushed onto people rather than being pulled. I think it's very hard to tell the difference between these things ex ante. Everything that succeeds looks like it was pulled. But many thi
35.
by darawk 3y ago
As probably the only person on HN who has ever intentionally IV'd caffeine...I can confirm that it's not really that interesting. Just like regular caffeine, but slightly faster. Oral caffeine already absorbs pretty rapidly anyway
36.
by darawk 3y ago
Lots of things are scams in crypto, but Binance is not one of them. The allegations that they misappropriated user funds in any material way are absurd. They didn't. They have never had any serious problems meeting redemptions or withd
37.
by darawk 3y ago
Good point. I guess I'll leave my comment as is, but you are 100% correct.
38.
by darawk 3y ago
These are all great examples of where it is debatable whether copyright is useful. But I think there are fairly clearly some much more difficult cases to dismiss so easily. The biggest, strongest example is pharmaceuticals. It costs hundred
39.
by darawk 3y ago
> A) it's not a long list and B) it can be career limiting to speak poorly of anyone, so I don't think "no engineer has said bad things about him" is a fair assessment. That's a fair statement, it could even be t
40.
by darawk 3y ago
You still haven't come up with a single example of his technical failure in public, and I think that is more telling than any discussion of how social ineptitude relates to engineering talent. > Also, it sounds a lot to me like you
41.
by darawk 3y ago
I think the point is: There is a long list of legendary engineers in various domains who've worked with Elon and attest to his engineering talent and technical contributions to the companies he's founded. Where is the list of lege
42.
by darawk 3y ago
As other commenters have pointed out, Carmack founded a rocket company before Elon did. So he has plenty right to speak to Elon's credibility on the question of rockets. But let's not forget that Tom Mueller at JPL was also on the
43.
by darawk 3y ago
> For example, he was writing about the Bob Lee stabbing as if it was a random violent attack. I wasn't 100% certain but at the time I was extremely suspicious of this claim, based on knowing the block where it happened, it was basi
44.
by darawk 3y ago
> I can believe he's very smart, but he's also wildly irrational. Yes, this is more or less what I believe. Or to be more precise, I think over the past 5-7 years his fame, attention, and power have corrupted him. > He&#x27
45.
by darawk 3y ago
> Those people can also be wrong about stuff. This is just an appeal to the reputation of those names. It doesn't give weight pro se. Err. Sure. It is, in principle, possible for all of these people to be wrong. But where are the we
46.
by darawk 3y ago
The idea that HN commenters who have never met the guy have opinions that contradict the statements of John Carmack, Jim Keller, Tom Mueller, Andrej Karpathy, etc. These people are not sycophants. These people do not need Musk. They have pl
47.
by darawk 3y ago
Carmack is widely considered one of the greatest software engineers ever, and knows Musk well. Either he's outright lying to make his friend look good, or I'll take his opinion over basically anyone. He certainly isn't Musk&#
48.
by darawk 3y ago
Your point is valid, but in this context, going to the next level of targeting will require them to probably burn 0day to achieve it. If that's the case, not even the NSA can afford to do that en masse. And if they did for some reason
49.
by darawk 3y ago
There have been recent studies that said that, just like at one time there were recent studies that said the opposite. Neither is sufficiently strong evidence to be dispositive, though I'd probably lean towards the more recent ones.
50.
by darawk 4y ago
This is a nice story but it's just not true. The amount of leverage built up in the derivatives market on Binance is completely transparent. The trading shops named in the CFTC suit are very unlikely to blow themselves up in anything r
51.
by darawk 4y ago
> The complaint as it directly relates that they (1) knew of patterns of criminal activity (including patterns of terrorist financing) and specific criminal actors on the platform, and (2) took specific steps to actively counsel specific
52.
by darawk 4y ago
If the core charge is that Binance allowed some of the most sophisticated firms in the world to trade on it derivatives exchange without oversight from US regulators, we're just going to have to agree to disagree about that being trivi
53.
by darawk 4y ago
> Most securities law is written from an investor-protection perspective. Not swaps clearing. When everyone is writing bilateral swaps and nobody knows how much counterparty risk is accumulating with whom, you get a ticking time bomb. (T
54.
by darawk 4y ago
> Or, they do know and more detail wasn’t relevant at the complaint stage of the civil case, whereas it might be to the actual trial and to the parallel criminal referral that it has been reported that DoJ is investigating. > A civil
55.
by darawk 4y ago
> So enlighten me, what is the actual $$$ threshold where "terrorist financing" can be deemed a legitimate complaint? I don't know, more than the percentage of your average multinational bank? No large financial institutio
56.
by darawk 4y ago
We do not know that. All we know is that a Binance employee knew about a $600 transaction, and made a general statement about the behavior of groups like this. We know nothing beyond that.
57.
by darawk 4y ago
You mean the $600 ex-post identified Hamas transaction? That one? He cites it grudgingly, because it's total bullshit. He very clearly articulates what he thinks the substance of the complaint is, and it is not terrorist financing. Her
58.
by darawk 4y ago
I read the whole thing. I don't think it's a misrepresentation at all. You're free to quote the sections you think contradict it.
59.
by darawk 4y ago
> How do you know? When Binance’s own Chief Compliance Officer was primarily in the business of helping customers avoid compliance, it doesn’t seem like they would know very much about what ultimately went down on the platform. The compl
60.
by darawk 4y ago
If you want a serious analysis of why this is actually happening, and what's actually important in this document, read Matt Levine: https://archive.ph/NF8yN > The CFTC’s complaint here gestures at traditional regula

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