neffy

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271.
by neffy 7y ago
The Financial Times has been calling SoftBank out for over a year now. Detailed accounting analyses, pointing out very basic issues and warning flags. This is why the WeWork IPO had to be pulled in the first place. Every major crash is prec
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by neffy 7y ago
It's well known that the main driver of climate change up until this point in time is the sun... the questions this specifically raises, is why as the earth moves slightly away from the Sun which normally would bring about the end of t
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by neffy 7y ago
This isn't news...the albedo effect and its implications are long understood.
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by neffy 7y ago
All the data you need is available courtesy of the St Louis Federal Reserve, and they also have a nice python api. https://fred.stlouisfed.org To some extent you´re right, the people involved are under a lot of political pressur
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by neffy 7y ago
That´s an incorrect theory from 18th century economics. It´s equivalent to saying, the Internet should regulate itself, and there is no need for any kind of security to protect against exploits.
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by neffy 7y ago
I would equally guarantee that they won´t be, simply because there isn´t actually enough actual money to buy them all. Markets are a real time pricing mechanism - they operate on instantaneous availability of both money and shares. Put en
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by neffy 7y ago
Not really. Adding up all the shares that they own, and saying that they have that much money, is completely incorrect. If any of them tried to liquidate even a small part of their shareholding the price would go swiftly to zero.
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by neffy 7y ago
This is I think the point OP is making. Up to this point in time, there has been a steady, and somewhat exponential increase in the supply of Bitcoin. As you say, that is about to start tapering off. At which point, the behaviour of the ent
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by neffy 7y ago
Unfortunately you can´t really do much with magnitudes of money - it´s all about the relative price level. Working in Silicon Valley with 6k/month income, and 4k/month housing expense makes you significantly worse off than the per
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by neffy 7y ago
In which case I guess it's good that they already have a significant part of the US military C&C under their control.
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by neffy 7y ago
There's really a very fundamental lack of imagination going on in economics if people there are defending a state where there is clearly work that needs doing (bridge repair for starters), and people available to do it. The equivalent
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by neffy 7y ago
You think the Chinese banking system doesn´t have these issues as well? They introduced loan securitization a few years ago, and their system does not have anywhere close to the flexibility or tolerance for dissent they are going to need to
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by neffy 7y ago
Well I´ve worked in the private sector most of my life, and I have observed it to be well staffed with human beings. And human beings, in my experience, can be lazy, venal, honourable or hardworking, in both the private and the government s
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by neffy 7y ago
If a group of people is allowed to consistently get away with not paying their taxes, then fairly quickly, just by the operation of the monetary system, they will be the only people with any money. The real question is, are these really the
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by neffy 7y ago
Back in the day (1998), when it was very much not a thing, I remember 4 supposedly different, very professional (for the time) climate denial sites popping up on a search, all of which if you looked at the raw html code, were obviously from
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by neffy 7y ago
Linking to a monetary basked is another idea borrowed from economics that is based on the less than accurate understanding there of how monetary systems actually work. I suspect the reason other financial companies are withdrawing is that t
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by neffy 7y ago
That's really not true. Trading is cheap now... because it's all been computerised. The exchanges are digital - as soon as you can do all the transaction processing by computers there is an entire army of (expensive) clerks that c
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by neffy 7y ago
It seems like one of the more interesting aspects of all this, is that nobody really knows where he got his money from. There is an absence of the kind of filings there should be, if he was actually investing in some kind of hedge/vent
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by neffy 7y ago
Not by anybody who has actually read it.
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by neffy 7y ago
The double entry book keeping operation when a bank issues a new loan, is [debit loan, credit deposit account] creating deposit money. When a loan is securitzed (sold) by the bank, the DBE operations are: [credit loan, debit deposit account
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by neffy 7y ago
For the people who thing that there is nothing inherently wrong about MBS. Unfortunately, that´s not the case. When banks sell off their loans, which is what an MBS is, it fundamentally changes the ratio of money:debt originating from the b
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by neffy 7y ago
Things I always do a few weeks after starting a new job... Request the backup copy of a semi-randomly chosen file. It's been enlightening.
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by neffy 7y ago
Joi providing a front for Epstein perhaps? Joi benefiting personally from this, is the smoking gun.
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by neffy 7y ago
Yes, well, so the way it is in banking if you don´t have a competent security team, you won´t be in business for very long. And banks in general, everywhere and anywhere, have been in the business of security for a very long time indeed. I
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by neffy 7y ago
You´ll be finding out I suspect. No idea how it is in Ireland, but in most of the EU, digital transfer between banks and countries is completely seamless. I can transfer money to family members accounts in different banks in the same countr
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by neffy 7y ago
You´re right. Meetings are bound by network communication constraints. It is a solvable problem in that it´s possible to compute how much time the meeting has to share information, and that helps avoid the problem of having an information c
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by neffy 7y ago
Exactly. For example, there are also persistent rumours that somebody is selling about 1% of total credit card transactions to hedge funds, for stock trading purposes - which seems like a major issue on all sorts of levels.
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by neffy 7y ago
Wanting to, and being hired to do it, are two very different things. Increasing the salary for teachers would mainly result in having better teachers, and a slightly higher tax bill. It's not incorrect to say that there can be unintend
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by neffy 7y ago
No it's a bit more than that. The assumption is that there are no qualified women, so an unqualified woman has to be put up to meet a quota. But there are actually qualified women. Putting up unqualified candidates to meet some notiona
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by neffy 7y ago
No, it´s better for everybody - the human race wins. Let´s say you had a bunch of computers, and somebody had told you a certain type always ran slowly, so you never used them for anything fast, and even put them on slower connections, beca

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