dlubarov

35 ms·

481.
by dlubarov 4y ago
It's at least technically possible to build an iOS app without any Apple tools. It seems like there are some guides already ( https://vojtastavik.com/2018/10/15/building-ios-app-without-... ), and I imagin
482.
by dlubarov 4y ago
It seems like you're saying that there can exist enforceable revenue-sharing agreements between developers and Apple. But with sideloading, I don't see why a developer would have to enter into any contract with Apple in the first
483.
by dlubarov 4y ago
Where is this filing? Not sure what that would be since the SEC hasn't brought charges yet. I don't see an issue with advising companies on what language to use, given that language can absolutely affect whether a token is in fact
484.
by dlubarov 4y ago
It doesn't seem like Coinbase has received such answers, they just know that some sort of enforcement action is coming. As per the article, "[Armstrong says] the company has not got any more information on the specific issues the
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by dlubarov 4y ago
In this scenario Walmart is one of only two stores in the country, and while Walmart usually pays a few bucks for shelves, the merchants in question are happy to bring their own. They just need Walmart to get out of the way, not incur any r
486.
by dlubarov 4y ago
> most wallets are custodial I wouldn't argue that everyone should self-custody. If many users have access to convenient custodians who they can trust not to steal their funds, that's great; it's just that not everyone doe
487.
by dlubarov 4y ago
I don't think the physical object is really relevant. Imagine we all had robotic painters in our garages, which given $1 of materials, could precisely replicate any brushwork from some images. Surely that wouldn't destroy the valu
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by dlubarov 4y ago
> Let me ask you, is there a good or common reason to buy etherium today besides hoping that it increases in value? A classic use case is engaging in commerce (whether it's with ETH, DAI, USDC, etc), without needing to trust a middl
489.
by dlubarov 4y ago
A jpeg of the Mona Lisa is also publicly available, but even if I created a replica with identical brushwork, it wouldn't be worth much compared to the one in the Louvre. Would you also call original paintings a Ponzi?
490.
by dlubarov 4y ago
You said "were" part of PRISM, so I thought you were thinking of the related MUSCULAR program, where "GCHQ and the NSA have secretly broken into the main communications links that connect the data centers of Yahoo! and Google
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by dlubarov 4y ago
> They create the software for weapons If you're thinking of Project Maven, that ended in 2019, so I would use past tense. > were part of PRISM As I understand it, the NSA was snooping on Google's internal traffic between se
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by dlubarov 4y ago
I stand corrected, though the point remains that if everyone tried to exit once that news came out on Nov 7, we still would have had a bank failure with roughly the same shortfall.
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by dlubarov 4y ago
I don't think their MBS positions were public until last week. But say we knew earlier, perhaps soon after they purchased the MBSs - wouldn't the result have been similar, just the bank run would have been shifted up a bit? I.e. h
494.
by dlubarov 4y ago
Is it really a desirable solution though? Seems like gaming the system, and if the end result will be that effectively all deposits are FDIC insured anyway, why not just get rid of the $250k limit?
495.
by dlubarov 4y ago
Why would we want a situation where everyone splits up their cash into $250k accounts? Seems like that would waste a lot of time while removing competition (who cares what the bank is, any bank is fine for $250k). And it wouldn't ultim
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by dlubarov 4y ago
Why should there be risks? If someone just wants to park some cash without it possibly disappearing, that seems like a solvable problem. E.g. as the parent said, central banks could simply offer accounts to anybody.
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by dlubarov 4y ago
Sorry I meant $42b, which is the amount of USDC collateral held by Circle.
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by dlubarov 4y ago
I'm not sure any private insurance exists that can cover a $42m deposit?
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by dlubarov 4y ago
How could my accountant have known the risks? I don't think there was any public information about SVB's poorly-timed MBS purchases, the main cause of this incident.
500.
by dlubarov 4y ago
They did have ~77% of collateral in T-bills. I do wonder why that wasn't even higher though.
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by dlubarov 4y ago
They did use mostly T-bills, and spread out the cash over 6 banks - that's why it's "only" $3.3bn out of $42bn.
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by dlubarov 4y ago
They did already have 77% of the collateral in short-term T-bills, and the 23% in cash was spread out across multiple banks. They held $3.3bn at SVB, but that's out of $42bn total.
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by dlubarov 4y ago
There's lots of perfectly legal commerce that middlemen like Wise refuse to facilitate: https://wise.com/acceptable-use-policy
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by dlubarov 4y ago
You would get stablecoins and redeem them for fiat.
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by dlubarov 4y ago
You don't necessarily need a bank for that; DeFi platforms like Aave can provide the equivalent of a margin loan. Looks like the current (variable) APY for WBTC is 1.11%.
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by dlubarov 4y ago
They did have a fairly clean brand, but I wouldn't compare them to say Anchorage, which is a US-based bank and qualified custodian. There are more regulatory as well as technical protections with a firm like Anchorage. I would compare
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by dlubarov 4y ago
You don't need a morality detector, just a couple rules of thumb: - Not your keys, not your crypto. I.e. don't trust a random foreign company like FTX to custody your funds. If you really don't want to self-custody, there are
508.
by dlubarov 4y ago
Point taken. It depends who you listen to though. In the right circles, there are plenty of thoughtful discussions about the (de)centralization of protocols (that haven't imploded). See [1] just as an example. But yes, in other circles
509.
by dlubarov 4y ago
I think the point is that what happened with FTX couldn't plausibly happen with a real DeFi protocol like Uniswap. FTX might have had ties to some real DeFi protocols, but that seems unrelated to what happened. FTX's collapse does
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by dlubarov 4y ago
> App Store's cost structure is not fixed Looks like Apple's taxes generate around $85b/year. I'm not sure what it costs them to develop the App Store software and host some downloads, but surely it couldn't be e

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