graeme

40 ms·

751.
by graeme 4y ago
That would appear to be the case here, with the difference being that the purchaser in this case is a foreign bank known for its ties to a large criminal enterprise (Tether/Bitfinex)
752.
by graeme 4y ago
I looked into this. They used to do business as Geniome Bank, and their job ads are for "crypto and marijuana". Almost no publicity, though they sponsored a few marijuana events. Chalopin usually shies away from press, so his pers
753.
by graeme 4y ago
> Many of the TradFi HFT firms were in support of FTX's proposal. I read all the quotes. None appear to be Tradfi HFT firms. They instead appear to be a variety of VCs and individuals FTX paid money to or who had a crypto interest.
754.
by graeme 4y ago
Ultimately the stock prices respond to economic reality: profits and interest rates and growth levels The funny thing about headlines though is that often the reverse happens. Once everyone is crying doom, stocks go up. When people say it i
755.
by graeme 4y ago
Given everything we know of FTX, I would be shocked it they managed to produce a proposed commodites trading regulation which is: 1. Radically different from the current one, and 2. Good Not impossible it’s true but I’d say the onus is to p
756.
by graeme 4y ago
He was referring to SBF’s description of Defi. SBF wasn’t describing FTX in that quote
757.
by graeme 4y ago
He meant SBF’s net worth was near zero or negative. Most people, even rich people, do not carry much cash in their pockets…
758.
by graeme 4y ago
Fair enough, I intentionally was a little hyperbolic to see what the strongest evidence against my position was. >but there was still a lot of content that wasn't "on message". I do not, however, think this is true in the
759.
by graeme 4y ago
It makes sense, though iirc over the life of Coinbase management has been a large net seller, larger than average. I'm interested the directors have been buying. Is that typical?
760.
by graeme 4y ago
Interesting. 100% of buys were from two directors, Tobias Lutke of Shopify and Fred Ehrsam, former cofounder. 100% of sells have been management.
761.
by graeme 4y ago
This was the print era. The honest stories were buried or delayed. This is what you’re referencing/ “ Some of The Times's coverage in the months leading up to the invasion of Iraq was credulous; much of it was inappropriately ital
762.
by graeme 4y ago
Can you find any contemporary articles from the periods discussed which show facts contradictory to those positions in the NYT? For example, an article in 2003 pre-invasion skeptical of the WMD claim An article in 2016 putting the email ser
763.
by graeme 4y ago
The NYT often has an editorial bent which makes them write flatly false articles. It's been rather odd, and a clear point of divergence from other US newspapers. For example, the NYT was very pro the Iraq USD argument More recently, th
764.
by graeme 4y ago
Bitfinexed has been posting that FTX is a scam for years. He has an impeccable track record No one wanted to listen
765.
by graeme 4y ago
Sure, but your onboarding flow popup buttons? I don’t think app review allows those to be loaded from a website
766.
by graeme 4y ago
App not updated in app store. Could popup box be edited in app to be malicious of would such a feature need to already be coded in like Epic’s non app store payments thing?
767.
by graeme 4y ago
I’ve been trying to figure out the technicalities there. Neither the ios nor android apps have updates since the crash. The update box is clearly based on their pre existing popup used for things like 2FA. Could this popup have been modifie
768.
Ask HN: Can an app’s popup box be repurposed without an app update?
1 points by graeme 4y ago|1 comments
769.
by graeme 4y ago
Thanks! Wow even better than I recalled To be fair there’s something to that idea. Market returns about 7% on average. Over six years that would be an opportunity cost of 50%. But, as you say there’s got to be some loss for choosing to put
770.
by graeme 4y ago
They’re making Madoff look good. He semi-voluntarily* turned himself in when the jig was up, and the govt eventually recovered about 2/3rd of the money FTX seems like it’s still trying to steal funds *Madoff confessed to his family, sa
771.
by graeme 4y ago
Posted because Blockfi has recently suspended withdrawals, allegedly after having custodied almost all customers funds with FTX, which just suspended withdrawals.
772.
What are the legal assurances that protect the return of my collateral?(help.blockfi.com)
2 points by graeme 4y ago|2 comments
773.
by graeme 4y ago
Alright so I read the balance sheet: 1. The numbers you refer to are from the unaudited quarterly report 2. The last audited numbers are from their annual report, end date Dec 2021, during the tail end of bull market 3. $95 billion of the
774.
by graeme 4y ago
Coinbase has those assets listed nice and separately but that is unlikely to hold up in bankruptcy court. SEC specifically forced Coinbase to disclose the following: “ "Because custodially held crypto assets may be considered to be the
775.
by graeme 4y ago
> They have zero risk of this kind of insolvency, their only risk is people stop using them to trade. US regulated companies can, in fact, go bankrupt, and frequently do. They can also misuse funds or make foolish decisions that cause th
776.
by graeme 4y ago
> Yes SBF's investment company might be fucked, but customers funds should be totally separate from that. Crypto isn’t regulated so there is no segregation or protection of customer funds Also see this: no FDIC insurance, letter fro
777.
by graeme 4y ago
Yes, and teachers can grade some assignments electronically with a click. But generally speaking admin work has not kept up with the productivity of manufacturing positions. In fact given that the numbers of admin staff per student and per
778.
by graeme 4y ago
The admin staff are also subject to Baumol's cost disease.
779.
by graeme 4y ago
If you don’t first establish that this was a lab leak, why would anyone attach importance to your own point?
780.
The totality of the circumstances surrounding SARS-CoV-2 emergence(alexwasburne.substack.com)
11 points by graeme 4y ago|5 comments

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