lifty

29 ms·

391.
by lifty 5y ago
Don’t they hold things like treasury bills which are practically equivalent to USD?
392.
by lifty 5y ago
Since we’re talking about the collective resource of money shouldn’t we move past the reductive risk based assessment? And I’m not talking about the Fed here, they don’t create money. Banks do, and they do a strictly a risk based calculatio
393.
by lifty 5y ago
USDC doesn’t have backing either?
394.
by lifty 5y ago
Well it’s clear that small companies have a much harder time obtaining credit, while huge conglomerates don’t have a problem. I also have a feeling that new money has been disproportionally funneled toward the financialized economy, instead
395.
by lifty 5y ago
I don’t have a strong opinion about tether, but it matters who gets to create money in an economy. Ideally, the judges of the money spigot should point it towards productive and beneficial long term endeavors. I also happen to think that th
396.
Service Mesh Wars, Goodbye Istio(medium.com)
1 points by lifty 5y ago|0 comments
397.
by lifty 5y ago
They actually are. Most new projects have chosen PoS for sybil resistance, and once Ethereum switches as well, we should have a large enough honey pot in order to gain confidence regarding its security.
398.
by lifty 5y ago
Yes, because that's the negative externality, the carbon that you dump in the atmosphere by consuming electricty. Would you be willing to pay more so that videogaming is not banned as well, or would you ban that too? Also, you can make
399.
by lifty 5y ago
Of course you can. You can go live in the woods and nobody will come look for taxes. Or, change countries.
400.
by lifty 5y ago
The OP just told you it's 0%, and he's right. Reserve requirements have been abolished for the past 2 years, and even before that, banks could easily conjure reserves when they needed. That was the whole point of the QE programs r
401.
by lifty 5y ago
The whole modern banking system is run in the same way. Private banks create money as loans, but they are backstopped by the Fed and there's the FDIC insurance up to a certain amount. Tether might also create money but there's big
402.
by lifty 5y ago
I noticed that you keep posting this as the definitive reason as to why they changed their minds. Is this confirmed or just conjecture?
403.
by lifty 5y ago
I agree, but it shouldn't be a classic process viewer. It should be a task viewer which has some context or understandable description. Like "photo analysis job" or "iOS 14.5.1 data migration job".
404.
by lifty 5y ago
A laptop? That's way too much. Joking aside, clearly a laptop is the right way to go in most cases, but there is a certain appeal to using a terminal like an iPad with a remote machine build machine. You have long battery life and you
405.
by lifty 5y ago
No, definitely with a keyboard. I tried it on an iPad Pro with an external keyboard and the experience seemed decent. But it's not my primary workflow so can't say if there are quirks, like the latency you mentioned.
406.
by lifty 5y ago
One good thing is that today you can run VS Code on an iPad, in the browser, with all the dev tools running in a remote container. Not a bad experience. Edit: I've always thought that Panic could take a similar approach with Nova. Run
407.
by lifty 5y ago
It is the systematic breakdown of trust. High trust societies like USA take trust for granted and don’t consider how difficult it is to rebuild that fabric of trust once it has been deteriorated. It affects everything from institutions to t
408.
by lifty 5y ago
Closing the loopholes is more a political issue than a lack of resources issue. Companies like Apple won’t do illegal stuff but they will take advantage of loopholes. For example, the double Dutch Irish sandwich, which was recently closed,
409.
by lifty 5y ago
Well, he tries to reconcile his experience with his old rational view pf religion by almost semantically re-defining God. I can relate to this experience based on my own passed experiences but I drew different conclusions.
410.
by lifty 5y ago
There’s no reserve requirement anymore. It has been removed for a while. https://www.eidebailly.com/insights/articles/2020/4/federal-...
411.
by lifty 5y ago
My previous statement is not sarcastic but should also not be taken as fact. It’s more like theory and I doubt we know how far it strays from reality. Yes savings get invested but not all money flows are equal. For example, stock buybacks m
412.
by lifty 5y ago
Savings are a drag on the economy. It’s negative aggregate demand and we can’t have that. While I don’t have any proof, I have a feeling that the negative rates environment is making people even more scared of spending money.
413.
by lifty 5y ago
When everyone wants to get the money out, they won’t be able too. There are limits on how much cash you can take out and those limits can be decreased.
414.
by lifty 5y ago
You shouldn’t have savings. You should spend it to help the economy /s
415.
by lifty 5y ago
On Bitcoin you can do micro transactions using the lightning network. On Ethereum you have a plethora of layer 2 scaling projects that are gaining traction as we speak. Other networks like Avalanche achieve high throughput and low finality
416.
by lifty 5y ago
I really think that Handshake is the superior DNS root + PKI alternative, so hopefully more projects adopt it.
417.
by lifty 5y ago
I did not mean to imply that the actual M1 will be used in data centers. Apple is quite popular among developers and its also a trendsetter which will probably lead to other computer manufacturers to adopt ARM for personal computers. So hav
418.
by lifty 5y ago
Apple's M1 will make ARM mainstream on the server side.
419.
by lifty 5y ago
Antitrust for allowing the user to choose? I don’t think that would stand in court.
420.
by lifty 5y ago
This is a known practice in some Eastern European countries as well.

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