iluxonchik

7 ms·

1.
My Random Forest Was Mostly Learning Time-to-Expiry Noise(illya.sh)
38 points by iluxonchik 7mo ago|5 comments
2.
by iluxonchik 8mo ago
AI infrastructure is built on copper. From a technical standpoint, copper is currently flipping a ≈20 year old resistance for support. On a monthly chart, copper is in a multi-year upwards channel, and it’s now close to the upper trend line
3.
by iluxonchik 8mo ago
The tariffs imposed by the U.S. on the European countries are detrimental to USD's position as a reserve currency. A capital outflow out of the U.S. dollar creates positive price pressure on gold via increased demand. This is true rega
4.
by iluxonchik 9mo ago
https://illya.sh/ - My Homepage https://illya.sh/threads/ - My Articles/Threads https://illya.sh/thoughts/ - My Thoughts/Twitter-like feed I write about finance, law and
5.
by iluxonchik 9mo ago
On November 22nd 2005 the president of Russia stated: - "I believe it's necessary for the Central Bank to pay more attention to precious metals within the territory of the Russian Federation when forming gold and foreign-currency
6.
by iluxonchik 9mo ago
Currently, gold trades at ≈$4400/oz (when you're reading this it's probably much higher ). This means there is about $4400-$1910=$2490 of margin on each ounce of refined gold. Almost all of this margin on the sale of an ounce
7.
by iluxonchik 9mo ago
Since 1997 Bulgaria has operated under a currency board arrangement (CBA), which is an exchange rate regime where a country commits to keep its local currency to a fixed exchange rate against an anchor currency. For Bulgaria, that anchor cu
8.
by iluxonchik 10mo ago
Child articles mentioned in the post: - MSTR’s business model, describing how the company operates as a "Bitcoin treasury" and what does it mean for its solvency. You can read it here: https://illya.sh/threads&#x2F
9.
by iluxonchik 10mo ago
Gold as a percentage of balance sheet size in Central Banks (ranked): + Japan (MoF + BoJ): ≈2.4% + China (PBoC): ≈4.5% + U.S. (Fed gold certificates): ≈15.9% + European Union (ECB + Eurosystem): ≈19.4% + Russia (BoR): ≈36.1% Conclusions you
10.
How MicroStrategy Pays Interest on Its Debt(illya.sh)
3 points by iluxonchik 10mo ago|1 comments
11.
by iluxonchik 10mo ago
The short answer is that MSTR finances its debt service via a mixture of: - Software business cashflow - Existing reserves & short-term investments - Capital market instruments, such as issuing new equity or debt - Asset liquidation (Bi
12.
How the Federal Reserve Sets Interest Rates in the Economy(illya.sh)
1 points by iluxonchik 11mo ago|1 comments
13.
by iluxonchik 11mo ago
Some think that they define a single rate - namely the overnight lending rate - i.e. the rate at which the banks lend to each other overnight. In reality, the Fed steers the prevailing interest rates in the economy by explicitly setting the
14.
MicroStrategy Is Dependent on Refinancing Capacity, Not Bitcoin Price(illya.sh)
2 points by iluxonchik 11mo ago|1 comments
15.
by iluxonchik 11mo ago
MicroStrategy Is Dependent On Refinancing Capacity, Not Bitcoin Price MSTR won't have to sell Bitcoin if BTC price goes down, they'll have to sell Bitcoin if they're unable to acquire funding along the maturity of their debt
16.
by iluxonchik 11mo ago
$90B is a lot of gold for sure! :D But the total amount of gold seized worldwide is much smaller than Bitcoin (using today's spot prices). There is a popular argument that Bitcoin is better than gold because it's harder/impos
17.
by iluxonchik 11mo ago
I meant to post this link: https://illya.sh/threads/multiple-governments-have-seized-bi... Okay, I don't think there is way to change it now
18.
Governments Seized More Bitcoin Than Gold(illya.sh)
4 points by iluxonchik 11mo ago|4 comments
19.
by iluxonchik 11mo ago
If you think that Bitcoin is harder to seize than gold, you are probably wrong. At least according to the data. In the history of Bitcoin's existence, much much more Bitcoin has been seized than Gold. You don't need to compromise
20.
by iluxonchik 11mo ago
I miscopied the URL. I'm trying to delete this, but don't think I can.
21.
Governments Seized More Bitcoin Than Gold(illya.sh)
1 points by iluxonchik 11mo ago|2 comments
22.
by iluxonchik 11mo ago
If you think that Bitcoin is harder to seize than gold, you are probably wrong. At least according to the data. In the history of Bitcoin's existence, much much more Bitcoin has been seized than Gold. You don't need to compromise
23.
by iluxonchik 11mo ago
How would you suggesting restructuring the legal system so that currency becomes fully a central bank liability? And how would such a restructuring help to improve the current model? And very importantly - what is the practical next step? Y
24.
by iluxonchik 11mo ago
FedNow is a real-time payment system for interbank transfers - it doesn't replace commercial banks. Commercial banks are credit, lending, deposit-taking and risk management institutions. FedNow focuses on settlement. Replacing commerci
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by iluxonchik 11mo ago
> The public and central banks ultimately hold all the liability anyway All the liability on what? Central bank liability is both a legal, and a financial concept Commercial banks can be easily replaced? How so?
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by iluxonchik 11mo ago
This is not just about efficiency, but how the financial market infrastructure works. Central banks aren't just about adding a label - they're a core entity behind currencies that we use for day to day payments I'm not sure w
27.
by iluxonchik 11mo ago
Looks like the comment was updated? I see a different one now. To reply to > Both of these have been in place for a very long time. > Ever use a debit card to buy something? No they haven't. Debit card balance isn't a deposi
28.
by iluxonchik 11mo ago
What do you mean? CBDCs are development phase
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Retail vs. Wholesale CBDC: The Difference in Central Bank Digital Currencies(illya.sh)
3 points by iluxonchik 11mo ago|16 comments
30.
by iluxonchik 11mo ago
TL;DR: There's two types of central bank digital currencies (CBDC): retail CBDC and wholesale CBDC 1. retail CBDC = used for ordinary transactions. digital version of the cash 2. wholesale CBDC = used for interbank/financial insti

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