eaurouge

8 ms·

31.
by eaurouge 2y ago
Yeah, our courts, the CFTC, and previous SEC administrations, have given this some serious consideration. No, they don’t think it’s laughable.
32.
by eaurouge 3y ago
Why don't you ask Google to remove pages, while you wait for the perpetrators to honor your page removal requests? I believe Google recently added tools to make this possible.
33.
by eaurouge 3y ago
Congrats on shipping! We don’t use React, but we have had similar problems designing with Tailwind / Phoenix components in Figma. I’ll share with my team to see if they have any feedback.
34.
by eaurouge 3y ago
> Sure, but that’s my point exactly. > You need an offramp. > The only offramp is someone else (or some exchange) buying your stocks. > They would be the “greater fool” in this case. > Even if you earn stocks, that stock came
35.
by eaurouge 3y ago
> Broadly speaking, you can’t live on commodities alone. Most people aren’t able to buy food and shelter with it. > So the goal, in those majority of cases, is to buy in low for the exact purpose of waiting for a “greater fool” to pur
36.
by eaurouge 3y ago
> But what’s most surprising is that they have all stayed in remission, even after they began producing new B cells. It’s as if wiping out the B cells performed a reset on the immune system. Apparently repeated cycles of prolonged fasts
37.
by eaurouge 3y ago
Here's effectively what you said, edited for information: > Every bit of evidence is that the crypto boom has crashed to Earth ... > Yet somehow BTC is still trading at close to historic highs. > ... if it were remotely a func
38.
by eaurouge 3y ago
Because everything in our history shows humans will hunt or forage for food when hungry. > I don't think history shows that at all: In ancient Greece people fasted for weeks on end, for example.
39.
by eaurouge 3y ago
“Give me a lever long enough and a fulcrum on which to place it, and I shall move the world.” ― Archimedes Because everything in our history shows humans will exploit (i.e. fully utilize) leverage wherever they find it: labour, capital, tec
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by eaurouge 3y ago
I agree. I downloaded the Boring app yesterday. Launched it for the first time today and it appears to be tackling the wrong problem. The problem isn’t the headlines, it’s deciding what to cover in the first place. PBS News Hour also does a
41.
by eaurouge 3y ago
> maximizing energy waste is the goal of proof-of-work No, it's not. You can't mine inefficiently and remain profitable. There's a market after all. This is such a ridiculous comment. I have to wonder why we have such glee
42.
by eaurouge 4y ago
What do you mean when you say he instructed them to sell his coins? On the 9th, he could still log into his account. And I don't believe FTX staff were taking phone instructions to buy/sell tokens on behalf of customers. You need
43.
by eaurouge 4y ago
> This report recognizes, however, that illicit activity is a subset of overall activity within the DeFi space and, at present, the DeFi space remains a minor portion of the overall virtual asset ecosystem. Moreover, money laundering, pr
44.
by eaurouge 4y ago
The market for one is much more liquid than the other.
45.
by eaurouge 4y ago
I haven't read the bill. But, "critical infrastructure", "natsec considerations", "foreign enemies", are such vague terms, that could be stretched to cover all sorts of unforeseen circumstances.
46.
by eaurouge 4y ago
Two paragraphs, no elevator pitch. Hope your app provides better UX.
47.
by eaurouge 4y ago
Fine. But who came up with these rules? And why does Ackman have to comply?
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by eaurouge 4y ago
Ah yes, "I've personally not seen any _credible_ evidence of anyone withdrawing funds from Wells Fargo, so that means it's never happened". How do you think exchanges are able to function if they can't redeem USDT f
49.
by eaurouge 4y ago
No, Tether has prevailed because 1 USDT has remained redeemable for approximately 1 USD since inception. That's it. More entities shorting USDT would not change that fact. So, by all means, find a venue to short USDT. Build one if it d
50.
by eaurouge 4y ago
The market cares not what you think the value of an asset should be. By default, at some instant, the market is right. If you disagree, there are instruments with which you can express said disagreement and earn a profit for being correct.
51.
by eaurouge 4y ago
No, the service doesn’t work. It’s just marketing and PR.
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by eaurouge 4y ago
> Doesn’t this seem like a massive, systemic threat in itself, that an audit-dodging, opaque institution underpins the ecosystem? It was. But it's increasingly less so. The market has hedged this risk somewhat, by decreasing its mar
53.
by eaurouge 4y ago
> The burden is absolutely on so-called "stable" coin issuers The burden, perhaps. The question was about belief. Surely the rest of your comment (rant?) cannot be in response to my comment.
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by eaurouge 4y ago
> We don't really know this Yes, I should have said 66B in liabilities. We don't know how much they have backing these liabilities. > A history of lies about audits, for a start ... Indeed. So we're free to come up with
55.
by eaurouge 4y ago
Right. As I suggested in another comment, this belief is more of an article of faith than one based on actual facts. But, my point to GP is that USDT redemption is offchain, and peg defense (for algorithmic stablecoins) or price discovery (
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by eaurouge 4y ago
By the numbers: - 66B in liabilities - 17B in redemptions over a 2 month period (proof of some liquidity) - 8 years of operation - 100s of millions in annual revenue How many billions are they short? What redemption rate would it take? Whic
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by eaurouge 4y ago
> and they try to defend the peg in order to not admit that it's insolvent What do you think this means? Tether is not an algorithmic stablecoin.
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by eaurouge 4y ago
> I mean, you're describing the problem! Their wallet balances are irrelevant - it's their bank balances that we're interested in. No one holds real world assets on Binance. Why would Binance's bank balance be more re
59.
by eaurouge 4y ago
You have zero visibility into the operations of traditional private businesses. With Binance, you can at least view their wallet balances, in the 10s of billions. You can also estimate their annual revenues. I would recommend doing both. Yo
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by eaurouge 4y ago
Software development is just one discipline in CS. This is probably an indication that he doesn’t enjoy writing software, which is fine. What does he like in CS? Which courses did he enjoy? Maybe he can get an internship, take courses, or g

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