panarky

46 ms·

781.
by panarky 4y ago
Everybody remembers January 6 except those who want to pretend it didn't happen. How many remember the floods of Twitter incitement to hit the gas in their F-150 trucks to run over protesters, and then how many people actually perpetra
782.
by panarky 4y ago
The fallacy of false equivalence systematized in code. Now one side can spew as much disinfo and incitement to violence as it likes, and any algorithm change that prevents this shit from getting amplified will be rejected as bias. BSaaS = B
783.
by panarky 4y ago
Want to have a decent quality of life at the end of your career? Better spend a large portion of your youth becoming an expert in finance and monetary policy, and hope you don't make a fatal mistake like buying long-term government deb
784.
by panarky 4y ago
Quality is free.
785.
by panarky 4y ago
> without selling a single security Why sell a security that's only worth 74 cents on the dollar when you can use it as collateral to borrow 100 cents on the dollar, and if you can't pay back the loan then the public will bai
786.
by panarky 4y ago
If you have funds in Binance, you've made a bet. If you don't you've made a different bet.
787.
by panarky 4y ago
"Your Honor, on the way to murder the victims, my client passed by several people who he allowed to live, therefore my client is not guilty of murder."
788.
by panarky 4y ago
Too big to fail means you don't have to worry about nominal insurance limits because failure is impossible.
789.
by panarky 4y ago
"We" are those of us who believe billionaires can take care of themselves, and shouldn't coerce us to pay for their mistakes and failures.
790.
by panarky 4y ago
Because the most horrifying thing about communism is housing and healthcare for everyone.
791.
by panarky 4y ago
Even if I could hold my nose and accept extreme, hideous inequality as the price of efficiency, the fact that the deal is a one-way bet for capitalists is just too much. After capitalists invest in "winners" and extract even more
792.
by panarky 4y ago
The whole idea that "we need to decide" presumes that there is a collective "we" that's separate and distinct from the individuals and corporations releasing this stuff into the world, and that "we" partic
793.
by panarky 4y ago
It can operate at almost any level of abstraction. So zoom out even further, to the intersection of macroeconomics and geopolitics. Describe the big things that are happening in the world right now, from the banking crisis, to the inability
794.
by panarky 4y ago
The tweet he's so proud of is from January 30, 2020. While his recent fearhype is despicable, that tweet from 1/30/2020 was prescient compared to what others were saying at that time. If you have examples of other equally l
795.
by panarky 4y ago
My dad told me a four-year degree from a quality university is a life changer for some people, and close to worthless for others. He said if my goal was to gain a technical skill to get a good job, university is almost certainly the wrong c
796.
by panarky 4y ago
I asked it to compare and contrast the political landscape in Spain in 1935 with the US in 2023 and it produced four paragraphs, then instantly erased everything it wrote, and replaced it with "we should talk about something else"
797.
by panarky 4y ago
As with everything else, use separate burner identities for every activity you don't want linked back to your real identity.
798.
by panarky 4y ago
The superintelligence will not be fooled by your pseudonym.
799.
by panarky 4y ago
I believe the point is the utter craven hypocrisy of ultrarich who savagely denounce government programs that help poor people and ordinary workers, who destroy and tear shit down for their own private profit, and then have the fucking auda
800.
by panarky 4y ago
What if all the Honda plant does is remove the Ford logo and replace it with a Honda logo.
801.
by panarky 4y ago
Are you replying to a different comment? I didn't say the bank was getting bailed out. I was observing that ultrarich depositors with billion-dollar uninsured balances who would have lost money due to a reduction in the value of bonds
802.
by panarky 4y ago
I lost money on treasury bonds when interest rates increased, where's my bailout?
803.
by panarky 4y ago
*> ... make the members pay for their bad investments ... SVB was a $209 billion dollar balance sheet with only $16 billion of shareholder equity. That means an 8% decline in the value of their assets makes them insolvent. That also mean
804.
by panarky 4y ago
> though some mechanism that he doesn't explain I believe the mechanism he's talking about is that large, uninsured depositors will wire funds out of regional banks that are "small enough to fail" to more diversifie
805.
by panarky 4y ago
I also lost money on the bonds in my portfolio, who will make me whole?
806.
by panarky 4y ago
The rule of thumb is every 100 bp increase in rates means a reduction in the market value of the security equal its years to maturity as a percentage. So if rates are up 250 bp and there are 9 years remaining to maturity, that would be a 2.
807.
by panarky 4y ago
Intuitively, a hundred billion dollar auction with only a few hours to research, analyze and horsetrade must necessarily result in a lower winning bid. Given all the uncertainty about the assets and other regional bank dominoes that are yet
808.
by panarky 4y ago
These are targeted attacks by a nation state. That's not my threat model. I'm just trying to be reasonably secure against ordering a name brand device and having it exfil secrets.
809.
by panarky 4y ago
Let's say I buy a USB-C dock made by Sabrent or Anker. Are there good reasons to believe they're safe, that the brands are trustworthy? Are there good reasons to believe that the brand name that's printed on the case means it
810.
by panarky 4y ago
If you're right, then you can pick up some easy profits by buying USDC at a discount. The amount you're willing to commit is a good indicator of how confident you are in your assessment.

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