graeme

68 ms·

931.
by graeme 5y ago
Why would you want to give crypto a selective subsidy vs subdizing solar for all? (If solar subsidy is your goal) Picking winners doesn’t work very well
932.
by graeme 5y ago
Yup, exactly. Most used seem to be loans to buy more crypto. With centralized lenders (Nexo, Celsius, Blockfi) you sign over ownership of your crypto to them and hope they will meet their promises. In Defi it’s programmatic. I am less famil
933.
by graeme 5y ago
I’m much more interested in something already happening, now. Crypto is full of “wait and see, this is the future” but the early internet had immediate utility. What can I do, today that should make me want to buy the crypto to do a thi
934.
by graeme 5y ago
You can lend them to centralized lending platforms such as Celsius, or on Defi platforms, for 9+% APR. This is a highly risky activity pitched as not risky.
935.
by graeme 5y ago
Here is Coinbase having an outage during last big dump: https://mobile.twitter.com/CoinbaseSupport/status/1453447862...
936.
by graeme 5y ago
There are fewer btc transaction opportunities now as transaction costs have gone up.
937.
by graeme 5y ago
Is there any short form version of something someone can read to get a sense of the value you’re seeing? I followed this conversation with interest, but still find myself unenlightened as to what there is I haven’t understood yet about the
938.
by graeme 5y ago
You’re shifting the argument, which was about financial institutions in functional markets.
939.
by graeme 5y ago
Large yields on stablecoins, inability to bank on KYC exchanges, desire to gamble on leveraged exchanges like Binance. In each case no one believes it will collapse while they hold.
940.
by graeme 5y ago
The exchanges never go down when the crypto price rises, only when it falls. Further, an honest exchange makes money on people’s trades. Going down when volume is high means giving up peak profits. Equivalent of amazon reliably going down o
941.
Biden Administration Targets Stablecoin Digital Currency for Banklike Oversight(wsj.com)
3 points by graeme 5y ago|0 comments
942.
by graeme 5y ago
A normal requires fairly stable conditions. Constantly changing conditions means constant flux.
943.
by graeme 5y ago
Thanks! Good points. I half wonder if my teacher’s grievance didn’t come from living in a majority anglo culture.
944.
by graeme 5y ago
This is incorrect. In a lot of countries people rent or have historically rented. Including America in the past. America subsidizes homeownership specifically so now everyone does that, but people’s first and only house is definitely an inv
945.
by graeme 5y ago
> It REALLY doesn't matter and it only bothers people who don't speak gendered languages. May depend on place and culture. I recall my French teacher in 4th grade got snide about this while explaining that even a single man in
946.
by graeme 5y ago
> but with COVID in the rear-view mirror for the vaccinated, I'm not sure it's a major concern. Your info needs updating. The vaccines wane, and breakthroughs aren’t harmless. Swedish study found efficacy decline basically to n
947.
by graeme 5y ago
Well….designing a building to be good for pandemics also means making it be good for respiratory viruses in general. You do, in fact, want to have 100 year water systems that would work in a cholera epidemic. Designing buildings for good ai
948.
by graeme 5y ago
Interesting collision of the idea with the covid era. During an outbreak you’d want students to have a private airspace to go to and the possibility of ventilation. Update: from another comment, Munger designed a similar building in Michiga
949.
by graeme 5y ago
Notably this study found there was no reduction in long covid odds once a breakthrough infection occurs. Contrary to an earlier study which found a 50% reduction.
950.
Six-month sequelae of post-vaccination SARS-CoV-2 infection [pdf](medrxiv.org)
2 points by graeme 5y ago|1 comments
951.
by graeme 5y ago
That’s very interesting. But those figures are from May, and once you include ASIC price the average is $19,000 at 5.5 cents per kwh. Is that the average electricity price paid today, after the China ban? If either electric rates or hardwar
952.
by graeme 5y ago
You’re mixing up trading volume and inflows. Volume is just people trading back and forth. As a limit example, you and I could wash trade a single bitcoin back and forth a trillion times, for a volume of $60,000 trillion dollars. But that w
953.
by graeme 5y ago
> You're assuming miners are sellers. Actually, I’m not. If a Bitcoin is worth $60,000, then in an efficient market miners will spend just under $60,000 to get it. Will some choose to keep the Bitcoin? Certainly. But, they still ha
954.
by graeme 5y ago
Yeah the halvings slow it. Every four years the rate halves. We’re 2.5-3 years away from next one. Then 450, 225, 112.25 etc
955.
by graeme 5y ago
Easy to calculate. Assuming an efficient mining market, yearly costs are 900 * 365 * price of bitcoin. 900 is the number of new coins mined per day. At current market price, $60,000, bitcoin costs $19.7 billion USD. Or, 13x Tesla’s famous i
956.
by graeme 5y ago
USD money supply increased 9.7% in 2021. What about crypto? 70-80% of the trades are denominated in USDT. The USDT money supply increased 227% in 2021. So you have hyperinflation of the currency used in crypto. It makes sense that the price
957.
SEC Gets Path to Rein in Stablecoins as U.S. Weighs New Rules(bloomberg.com)
2 points by graeme 5y ago|1 comments
958.
by graeme 5y ago
Not sure what apps you’re referring to, but Bumble now has a BFF option where you can swipe to make friends. You can do this with the dating version disabled too.
959.
by graeme 5y ago
I might be a bit off because the debt isn’t valued at par and they could presumably buy it back.
960.
by graeme 5y ago
You’re incorrect. They have about 110,000 btc I think, worth a bit over $7 billion. Their marketcap is $7.82 billion. But they also have $2.2 billion debt. Legacy co worth about $500 million. Add $1.7 billion to marketcap and you’ll see the

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