manholio

14 ms·

91.
by manholio 4y ago
The model that works is to build relationships with fans and afford them privileged access, and sell everything else at market clearing prices. Ticketmaster tried too offer that through a "verified fan" route, but it failed under
92.
by manholio 4y ago
> And he still managed to f*ck it up. Plenty of people fuck up in similar or even better circumstances. What amazes here is the sheer magnitude and low intellect. They did no accounting. They bought property in their own names out of com
93.
by manholio 4y ago
It doesn't really matter, FTT is a garbage token forever associated with fraud. Its value is zero and you can print how many you like without hurting anyone.
94.
by manholio 4y ago
The distinction is between something that costs money and competes in the maketplace based on that, versus something so insanely expensive the only way it can compete is to pretend it prints actual money and speculate on their future value.
95.
Let crypto burn: Just say no to legitimacy-inferring regulation(ft.com)
5 points by manholio 4y ago|0 comments
96.
by manholio 4y ago
> What do you think they should do instead? How about... they, and everybody else around the world, should work hard for good governance for all people of Earth? It's simply obscene to claim that a speculative token peddled by SV ve
97.
by manholio 4y ago
> Another alternative is these messages are broadcast through a public and decentralized ledger. Trouble is, the "decentralized ledger" can only reliably timestamp if there is a financial incentive that motivates peers to burn
98.
by manholio 4y ago
The only revolutionary thing blockchains enable is decentralized electronic cash and financial assets, which are fundamentally bad ideas, and the reaction is justified. Any other "blockchain" related innovation is just a solution
99.
by manholio 4y ago
An unsupervised pack of wolves could always be attacked by a bear or hunted down by mistake, a clear case of animal negligence. Wolves should be accompanied at all times by armed midgets.
100.
by manholio 4y ago
Let's be clear about something: this is not "contagion", as if panicking people are causing bank runs against iliquid financial institutions that have strong assets in the long run. No, this is a ponzi scheme running out of s
101.
by manholio 4y ago
Buy back is implicit in the price stability mission any central bank has; it cannot be fulfilled without controlling the supply of currency in the economy, i.e (at least) limited buyback. Without that, what you get is something very much li
102.
by manholio 4y ago
So the assets of a "crypto hedge fund" that somehow kept "a large majority" of the fund's total assets on a 3rd party centralized exchanged is "real money" now? That's the very definition of fake weal
103.
by manholio 4y ago
The body cam footage is a good example, it's deeply hated by the police and a frequent source of incriminatory evidence against the wearer. Since "you got nothing to hide", as the old saying goes, why not bodycam yourself and
104.
by manholio 4y ago
The trouble with any such footage is that it can be used against you ("as the the defendant's own records show, they were present in the murder area") but they generally won't extricate you when produced by you, since yo
105.
by manholio 4y ago
I don't think that's entire believable anymore. This direct account from a Alameda employee linked in the other frontpage discussion alleges the Hong Kong office was busy at work trying to sell Alameda assets to cover ftx.us withd
106.
by manholio 4y ago
Many of their customers (if not most, on volume) wired USDT obtained from other parts of the ponzi ecosystem, then traded them internally for dollars. This way, FTX could accumulate internal USD liabilities without ever having those dollars
107.
by manholio 4y ago
> FTX may be one of, if not the, biggest financial frauds/scandals in history. The media doesn't seem to be treating it as such. Most of that wealth was manufactured in the crypto bubble, not actual money people worked for and
108.
by manholio 4y ago
They are both anti-consumer. The regulatory solution is to break the dealers monopoly in selling cars in an area, but also force-open the repair, service and spares part markets which most car manufactures use as profit centers. I don'
109.
by manholio 4y ago
Since the central bank controls the unit of account value and can always devalue and print itself out of any sticky situation, the only meaningful way it can go "bankrupt" is to lose the ability to appreciate the currency. I agree
110.
by manholio 4y ago
Yes, exchanges shouldn't commingle their assets with clients funds, yet they have large operational outlays (coding &security, traditional financial fees, meth & luxury condos in Bahamas, etc.) that seem unlikely to be covera
111.
by manholio 4y ago
It's not just "accounting convenience" it's literally the way the profit vs loss of the central bank is defined. The central bank typically has a legal obligation to maintain stable prices, so while outstanding currency
112.
by manholio 4y ago
The coin the central bank issues is a liability in its balance sheet. If it prints 1 trillion, uses it to buy 1 trillion worth of commercial paper and those assets lose 10%, then the bank has liabilities worth 1 trillion (outstanding curren
113.
by manholio 4y ago
Bankman would have not sanctioned it because he's got much more to lose the greater the hole is. Someone around Bankman though, that has no substantial stake in FTX and suddenly realizes he was an accessory to financial fraud, has stro
114.
by manholio 4y ago
This sounds like a great insider action to cover the fraud and mismanagement: leak the keys to the kingdom in a dark web forum, so that in the resulting commotion you can blame the hackers who had access all along and obviously made your pl
115.
by manholio 4y ago
If we can have this and the animated gif where the woman shoots the guy wearing VR goggles, that would be a complete kit for making fun of Meta and Zuck.
116.
by manholio 4y ago
That's precisely how you would keep a peg: let the market enforce it and bear the brunt of the speculative action, then intervene brutally to restore the peg and reward those who held the line with profits. If you do it a few times, no
117.
by manholio 4y ago
To see them in action, type the word "random" in Notepad++, select it and go to the ? -> "About Notepad++" menu. A new tab will appear where one quote will be typed out.
118.
by manholio 4y ago
Construction has to be something like one the most common and universal of human occupations, you can surely find heaps of documentation. That being said, the actual techniques used tend to be localized and adapted to specific local conditi
119.
by manholio 4y ago
Do we have access to the sauce code of the Viewpoints team? Sounds like they had a very effective method to generate communication stacks.
120.
by manholio 4y ago
> Get that through your head. They owe you nothing. If you want to be abrasive on tangents, you can definitely be that guy, but that was not the subject, rather the nature of censorship. You completely disregard my example of iligitemate

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