dcolkitt

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601.
by dcolkitt 5y ago
It may be possible that Tether is a house of cards, it may not. But my question is, if you’re so sure, why aren’t you actively shorting Tether? It only costs a few percent a year, and you’ll net 97% when it eventually collapses to the 3% as
602.
by dcolkitt 5y ago
Even if that’s true, the problem with fiat as reserve is that it basically acts as a curse on the country who shoulders that burden. Besides America, no other country is willing to step up to the plate. Reserve status results in an artifici
603.
by dcolkitt 5y ago
I think it’s hard to make the argument against allocating somewhere on the order of 1% of your portfolio to crypto. I know many here are stridently anti-crypto, but there is some not very likely but plausible future where Bitcoin or Ethereu
604.
by dcolkitt 5y ago
At the very least, crowding the most intelligent and ambitious people into the country’s lowest fertility metro (the Bay Area) certainly seems like not a good idea from an inter-generational perspective.
605.
by dcolkitt 5y ago
Metformin likely blunts the impact of high intensity exercise. But for the 65% of people living sedentary or low activity lives, it’s a straight win. Even for those who are consistent with physical fitness, the downsides can likely be avoid
606.
by dcolkitt 5y ago
> So the entire EU economy grew at the same speed than the US one but not its 500 bigger companies. So all else being equals it means that the smaller US companies grew more slowly and that this article is simply mesuring increasing corp
607.
by dcolkitt 5y ago
I always had pretty severe DSPS for most of my adult life. Luckily I usually had the flexibility to accommodate a super night owl schedule. What "cured" me was having kids. I now have no problem falling asleep at 10 PM. I would gu
608.
by dcolkitt 5y ago
I agree. And regardless of where you stand on the issue, the current regulations with regards to off-label usage are totally inconsistent. Doctors are perfectly free to prescribe drugs for conditions that are completely unrelated to the wha
609.
by dcolkitt 5y ago
If Bitcoin was banned, then Dutch citizens could just as easily trade wrapped Bitcoin on the Ethereum, BSC or Solana networks. I don't really see how this works unless you literally ban all distributed consensus protocols. And even so,
610.
by dcolkitt 5y ago
I agree that being backed by a government carries weight. Largely because tax liabilities are denominated in the home currency, which creates a persistent demand for the currency. But it's silly when people bring up the army or militar
611.
by dcolkitt 5y ago
Your 1930s house is almost certainly not typical of the median house that people lived in the 1930s. One third of Americans didn’t even have full indoor plumbing in 1930. For one the fact that it’s preserved likely means it’s one of the fin
612.
by dcolkitt 5y ago
Yes, that's correct. An intuitive way to think about this is that Sharpe depends on the specific horizon you're using. E.g. annualized Sharpe will be sqrt(252) larger than daily Sharpe. It would not make sense to change the Kelly
613.
by dcolkitt 5y ago
This problem only exists because street parking is heavily subsidized at below market rates. In urban cores, street parking is often 90% cheaper than garage parking.
614.
by dcolkitt 5y ago
If the distribution of p is ergodic, then Kelly criterion (re-sized at every p) still maximizes expected growth rate.
615.
by dcolkitt 5y ago
Kelly criterion is just the square of Sharpe ratio. Sharpe is used pretty extensively from a strategy selection and risk management perspective.
616.
by dcolkitt 5y ago
This is both true and not true. It is true that transactions on the blockchain is public. But it's not true that it makes it trivially easy to identify the actual entities behind those transactions. The only thing that's actually
617.
by dcolkitt 5y ago
Tokyo is growing faster than New York, London, or most other major Western metros.[1] (It's true Japan as a whole has slow growth, but Tokyo still has robust growth because or rural to urban migration.) Yet real housing prices have not
618.
by dcolkitt 5y ago
So, what? What business is it of the local government? Why can't we just let consenting adults make their own personal decisions about the details of the housing and parking they choose to live in? Some people may only need limited par
619.
by dcolkitt 5y ago
I don't really agree. Japan has had very easy money and QE for ten years longer than the West. Yet, it's one of the few housing markets in the world where prices have not risen in 25 years.[1] Runaway housing costs are everywhere
620.
by dcolkitt 5y ago
For anyone wondering if there's any real benefit to having your genome sequence, here's my anecdote. Thanks to Promethease, I found out at a young age that I had hereditary hemochromatosis. This condition basically results in the
621.
by dcolkitt 5y ago
The US only constitutes 15% of global GDP. There's no reason to think that US investors represent an outsized position in crypto holdings. American funds may have large positions, but that's largely because the American asset ma
622.
by dcolkitt 5y ago
We have plenty of historical and current examples of governments imposing capital controls to restrict access to foreign currency. Very rarely does it result in the market price of the foreign currency going down. Usually quite the opposite
623.
by dcolkitt 5y ago
> It can be done from India, China, Pakistan, or any other place where they have smart people Software engineers in these countries are significantly less competent than their American counterparts. This has been documented by academic l
624.
by dcolkitt 5y ago
A lot of those people are only struggling in the first place because the broken office-first model required them to relocate to a metro where they have no family or social network. This is particularly bad in the tech industry, because the
625.
by dcolkitt 5y ago
Out of curiosity, have you looked at the housing market in Seattle since the post-pandemic real estate boom? I did a quick smoke test with the following family/commute friendly criteria: * 2000 square foot house * 7500 square foot lot
626.
by dcolkitt 5y ago
I'm a big proponent of blockchain. But technically blockchain is overkill for this application. At least for non-exclusive perpetual licenses, like the stock photo example. Blockchain gives you three things. 1) Censorship resistance (n
627.
by dcolkitt 5y ago
The proof is in the pudding. Covid death rates were identical to California. I don't care about signaling, I care about results. Scientific research has consistently confirmed that school age children are responsible for a de minims f
628.
by dcolkitt 5y ago
https://www.npr.org/2021/01/06/953254623/massive-1-year-rise...
629.
by dcolkitt 5y ago
This post has a fatal misconception that school teaches people to "learn how to learn". In your specific argument, it's the belief that forcing kids to master boring material will augment their ability to learn boring materia
630.
by dcolkitt 5y ago
$15/day for coffee at home is way too high. You can buy a pound of high-end coffee beans for that price. A good grinder, aeropress and kettle will cost you less than $200. That’ll easy beat the quality of corporate cafe coffee. Even

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