patio11

11 ms·

91.
by patio11 4y ago
NOPE happens to him, he had to squeeze himself out of that phone booth and run after a red light started flashing and the door slammed shut on his shoe.. This did not happen. Almost no Japanese public telephones even in 2022 have a) doors
92.
by patio11 4y ago
While they were extremely cagey about it prior to suing Wells Fargo and then needing to come clean in court, they share ownership, executives, employees, IT/marketing/etc functions, etc. Bitfinex is Tether and Tether is Bitfinex.
93.
by patio11 4y ago
Given that the other crypto people offering “keep me honest” bets are offering 5:1, 10:1, and 25:1, on better terms, no, that’s not interesting, but I’ll write you a free option to laugh about me over the Internet if it turns you you’re rig
94.
by patio11 4y ago
… At what odds?
95.
by patio11 4y ago
It's remarkable that a stablecoin which was able to mostly maintain the peg for years at a time now needs to redefine what being pegged means, and that this state of affairs has continued for more than a week. That's why I mention
96.
by patio11 4y ago
Feel free to upgrade that to a very, very direct influence. In 2010 after I quit being a salaryman I wanted nothing other than to go into semi-retirement on Bingo Card Creator (“sip iced cocoa and play video games all day”). A long-ranging
97.
by patio11 4y ago
Most digital nomads of my acquaintance bank in either their country of origin or in a regional hub. Getting access to an address sufficient to open a bank account is not terrifically difficult for socially established people who e.g. have f
98.
by patio11 4y ago
Glad you like it!
99.
by patio11 4y ago
Came here to say this. I will try to avoid committing politics in the HN comments section, but it is a true fact that one side of the aisle has definite policy preferences on taxes and maximally does not want them to happen quietly withou
100.
by patio11 5y ago
True regarding the active market, but generally speaking for your offering to be attractive to that market it has to be already successfully generating income above its costs. There is far less of a market for loss-leaders. (The exception t
101.
by patio11 5y ago
Pro-tip for HNers which journalists don’t seem to understand yet: if you see a company using 548 Market St as a mailing address, that is almost certainly their EarthClassMail serviced inbox, not their actual office address. (This is entirel
102.
by patio11 5y ago
Five minutes spent thinking about this question is five minutes you could have been talking to customers instead.
103.
by patio11 5y ago
Not a particularly good article so some things that y'all might find interesting: "Honor" and "a sense of responsibility" explains very little and good, widely distributed Schelling points (koban and, to a lesser ex
104.
by patio11 5y ago
I sort of feel like an out-of-context Twitter comment from several years ago is not the optimal way to start an HN conversation about recruiting math, but I would like to emphasise that the tech industry heavily underinvests in funnel devel
105.
by patio11 5y ago
Merchant banking was indeed quite similar to hawala, and came out of very similar needs. Correspondent banking is an outgrowth of merchant banking, and essentially allows trust chains to expand. SWIFT is a messaging system which those trust
106.
by patio11 5y ago
It's wording that I use on Twitter and similar to convey a sort of nuanced problem: I do a bunch of things professionally. Some subset of those things are work that is traditionally done in industry, and which industry has very simple
107.
by patio11 5y ago
Also seeing it here in Japan and has been reported by my coworkers across multiple continents. The twitter.com site is also broken; not accepting cookied sessions nor logins.
108.
by patio11 5y ago
Every single line extension, station change, is an entire political battle and story. Yep. A legendary one in my old stomping grounds of Gifu is that there is a shinkansen station in Gifu-Hashima, and not in places that would be far more
109.
by patio11 5y ago
On your #1, the biggest change is "private label MBS" (which did not get the GSEs' guarantee) largely vanished from the market (the high since the crisis was a twentieth of 2007's number). The supermajority of investors
110.
by patio11 5y ago
The payment volume over Zelle, which is instantaneous, free, bank-to-bank transfers, was about $307 billion in 2020. For ACH transactions, it was about $62 trillion (not a typo). Wire transfers are also a thing. So are, for that matter, che
111.
by patio11 5y ago
Prior to going to work for a direct competitor (which I was also a heavy user of), I fed my family out of a Paypal account for approximately 10 years, and had good experiences throughout. Total processed through Paypal on order of $X00,000
112.
by patio11 5y ago
It’s been notably less pleasant for the last two years, for reasons shared with substantially all cities (ex-China, I suppose). Would heartily recommend it otherwise, which would have surprised me when I was younger. In particular, the neig
113.
by patio11 5y ago
This seems like a poorly thought out question; the IP rights would become the employer's or not based on what was created, when, and how. The domain purchase being public only marginally changes the risk calculus and doesn't chang
114.
by patio11 5y ago
Yes, and as I'm a notorious crypto skeptic, someone squat on that ENS domain (with good intentions) and I really don't care that much. Casually, rather than e.g. legally or as a matter of trademark, I "own" patio11 acros
115.
by patio11 5y ago
I've written a lot about debate over the years, but the one you're most likely referring to is (copied from a Reddit comment): --- The jargon in the community for speaking really fast to win] is “spreading” and it was a dominant
116.
by patio11 5y ago
It will be a large part [0] of the portfolios of "wealth management products" [1], which will take large hits, which will then see redemptions from retail because these products are sold as being functionally riskless, which will
117.
by patio11 5y ago
You make a business decision on how likely it is to be legitimate and, based on the margin profile of the business, whether you want to prioritize for conversions or for not being defrauded. Avoiding $10k of legit sales to save $1k of fraud
118.
by patio11 5y ago
There is no way to conveniently do "select sum(payment_amount) where country = 'US' AND was_fraudy from the_global_economy" but it's broadly estimated at +/- $10B, which is why why I said it was on the scale th
119.
by patio11 5y ago
If only there were a publishing house that cared an irrational amount about financial infrastructure, but where would one ever find that? (No seriously speaking, would love to write a book someday, but not sure it would be this book, and be
120.
by patio11 5y ago
Payments fraud is, and I mean this literally, not on the scale of a gold mine. It is on the scale of gold mining , as an industry. "That sounds like a very hand-wavy claim, Patrick." U.S. gold mine production in 2020: ~200 metric

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