ivalm

18 ms·

151.
by ivalm 3y ago
They didn't hold deposits. So it's kind of reasonable. They are called "bank" but they aren't the same kind of institution.
152.
by ivalm 3y ago
That’s why it’s a combined number with the US.
153.
by ivalm 3y ago
Facebook has mau of 266 million people in Canada + US. 2.96B globally. Easily the largest social network on the planet.
154.
by ivalm 3y ago
We’ll muddle through. At any rate, the point is to focus on low hanging fruit —- target high emitters, an electric stove powered by a coal plant is worse than a natural gas stove.
155.
by ivalm 3y ago
Based on Llama, so not open source (non-commercial only license)...
156.
by ivalm 3y ago
They are providing a service, we pay for it, and they reinvest in improving the service. That’s the basic business practice.
157.
by ivalm 3y ago
How does traffic shaping interact with net neutrality regulations?
158.
by ivalm 3y ago
Immigration makes sense as you tend to preferentially select the more capable/active people, which is generally the kind of populace you want.
159.
by ivalm 4y ago
Right, but higher capital requirements cause decrease in lending.
160.
by ivalm 4y ago
No, when you hold the bond the government uses that money to do things. With deflation people could hold cash which is truly not using it for anything.
161.
by ivalm 4y ago
You can do something softer, like mandate 3 mo severance for not for cause revocation of offer. The problem is that they can still fire you on day 1.
162.
by ivalm 4y ago
The point is that they would owe you this even if they let you go immediately. Obviously they implement it in a way that’s easier on their payroll system.
163.
by ivalm 4y ago
Then don’t pretend to release “the algorithm.”
164.
by ivalm 4y ago
Even nominal profits are down, so not true.
165.
by ivalm 4y ago
Yeah, but basically it’s a statement that value scales linearly with the number of pairwise connection.
166.
by ivalm 4y ago
I’m not sure how Streisand effect is relevant here. Sufficiently large backstop removes panic because if the govnmt backstops enough there can’t be a loss for depositors. It’s always a balance between safety of depositors and liability of t
167.
by ivalm 4y ago
But you don’t need to payout $230B, assets didn’t go to 0. You need to payout like $30B, or whatever the difference between assets and liabilities.
168.
by ivalm 4y ago
I am all for more oversight of the government and stricter ethics guidelines!
169.
by ivalm 4y ago
What’s wrong with inflation? We want to encourage growth & investment rather than hoarding of money, inflation is good because it punishes hoarders. Recessions and bubbles occur more often in unregulated economies.
170.
by ivalm 4y ago
You mean like extra unemployment checks during COVID? COVID stimulus checks? Public student debt forgiveness? Various forbearances during covid?
171.
by ivalm 4y ago
- Outcomes in unregulated banking (early 20th century US+Europe, crypto more recently) - De-regulation of banks prior to 2008 - Austerity vs stimulus in EU vs US post 2008 - Austerity post COVID in UK - Healthspan outcomes in places with la
172.
by ivalm 4y ago
> all the winners are chosen by the government Not true > government and corporations have merged to such an extend that competition with existing players are not even possible. Look at s&p500 cos from 2000 and now, there is a hug
173.
by ivalm 4y ago
I think past 100 years have been a pretty good lesson that capitalism works best when there is government to help with collective action. This is what is happening now and how we avoid tragedy of the commons. Laissez faire capitalism is stu
174.
by ivalm 4y ago
I suspect they will repay 100% as they will find a buyer/not have to actually liquidate. Remember, they had net positive interest, so as long as they can continue holding to maturity they are entirely solvent.
175.
by ivalm 4y ago
No, if FDIC ends up paying it will impose fees. They haven’t yet had to pay.
176.
by ivalm 4y ago
No, for now SVB assets are enough to pay for all of the drawdown. It is unclear if SVB will actually run out of assets.
177.
by ivalm 4y ago
$40k today is not a lot even for a lot of middle class… basically his parents gifted him an equivalent of a slightly nice new car. With X.com he did quite a bit than invest as all of the other cofounders left prior to launch. By the time th
178.
by ivalm 4y ago
Unclear what's the size but from price ($0.12/1k completion tokens) seems 6x GPT-3, so perhaps 1T parameters...
179.
by ivalm 4y ago
While SVB is probably slightly underwater on deposits, it’s unclear how much of $3B the FDIC will cover. Likely less than $300M.
180.
by ivalm 4y ago
His X.com/paypal was not based on his previous wealth and corresponds to the thing that propelled him to later successes.

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