paulusthe

6 ms·

31.
by paulusthe 3y ago
Alphabets do not predate Chinese writing. L
32.
by paulusthe 3y ago
I wasn't claiming English is the best language. I was saying non pictographic languages are one of humanity's most important inventions, which is one reason they've spread so rapidly everywhere.
33.
by paulusthe 3y ago
It was the attempt to translate Egyptian hieroglyphs into Phoenician which led to all of today's alphabetic languages. Archaeologists recently found a temple in the Jordan area in which the earliest known attempt at an alphabetic langu
34.
by paulusthe 4y ago
Chatgpt is a stochastic word correlation machine, nothing more. It does not understand the meaning of the words it uses, and in fact wouldn't even need a dictionary definition to function. Hypothetically, we could give chatgpt an alien
35.
by paulusthe 4y ago
The author seems to act as if primitive man faced an equal choice: agriculture, or hunting and gathering. He says they chose the latter because it's easier, given the larger land availability. This is only half the equation: domesticat
36.
by paulusthe 4y ago
I object to the idea that marvel puts subtle themes into anything. Marvel movie and TV writing is so slap you in the face obvious that pretending they have deeper subtle meanings is just us seeing patterns where they don't exist.
37.
by paulusthe 4y ago
The short answer is we don't know for certain. The long answer is that today's inflation doesn't seem to be monetary in cause, because nearly every country is experiencing inflation simultaneously. If the Fed had printed too
38.
by paulusthe 4y ago
Private meet budgets way more often, because there's a finite amount of money. Lenders sign term sheets detailing exactly how much money they'll lend and on what terms, so the developer has precisely that amount of money to spend.
39.
by paulusthe 4y ago
Pretty good example of what chatgpt can't actually do. It should be unable to distinguish between BS self help money types and actual profitable ideas.
40.
by paulusthe 4y ago
That's a very lazy school of thought though. It's just atheistic Calvinism, a tautology masquerading as a "philosophy". Calvin believed in pre-destination (your fate and every decision you make is decided before you exis
41.
by paulusthe 4y ago
If it's still a problem in a year, the Fed will either extend it or possibly just buy the assets themselves, in a better-collateral version of QE. There's no harm in holding these assets to maturity. They're fine assets, they
42.
by paulusthe 4y ago
100% agree And even if Schwab had svb symptoms, the Fed facility announced yesterday fixes it. That program gives loans of up to a year with collateral priced at face value, not market value. There is zero risk of Schwab running out of cash
43.
by paulusthe 4y ago
Bank runs always have a psychological component, just to varying degrees. This reeks of fear, because the underlying logic (that Schwab might have the same liquidity issues as svb) is simply not the case as of yesterday. The Fed is giving l
44.
by paulusthe 4y ago
This is no longer a problem, because the Fed facility created yesterday allows firms to get face value loans against their collateral. So even if Schwab has a 10% asset decline in m2m terms, it can still borrow at full price from the Fed fo
45.
by paulusthe 4y ago
It's overreaction. Schwab is in a completely different tier than svb, didn't manage its assets like svb, and even if it did, the new Fed facility will allow Schwab to get face value loans on its collateral. You're fine. Every
46.
by paulusthe 4y ago
Yes, only cash. You're fine. Schwab is not going under. Feds would never allow it. This is an overreaction, and honestly I'd start thinking about buying Schwab stock
47.
by paulusthe 4y ago
This is true of big name research institutions too. Since 2000, spending on administration in US colleges nationwide has increased faster than the combined increase of scholarships, grants, and professorships. (Source: Graeber, 2018ish). Th
48.
by paulusthe 4y ago
New reddit also looks like as ass on anything not mobile
49.
by paulusthe 4y ago
This went through the EU Parliament. It was not an instruction handed down as dictat by an unelected bureaucrat or executive. The same process is how every other EU wide regulation goes into effect. EU passes it, the member states get their
50.
by paulusthe 4y ago
Get rich before it hits.
51.
by paulusthe 4y ago
For more "abuses of military history," I suggest anything said by Steve Bannon on essentially any topic.
52.
by paulusthe 4y ago
Yes. You can absolutely remake your career in your thirties. You can even do it in your forties, and I suspect we'll see people in their fifties doing it too. We just don't live in a world where everyone gets a job at 22, stays in
53.
by paulusthe 4y ago
You don't have to short tether specifically. If tether goes under, everything will go under. Just short whatever large ish coin which has cheapish carrying costs.
54.
by paulusthe 4y ago
Binance and tether have long been the dirtiest players in crypto, and there have been warning signs for years. Kindleberger likened financial frauds to underwater obstacles. When money is plentiful, the metaphorical tide is high, and the ob
55.
by paulusthe 4y ago
People who are heavily pro-crypto see any reporting of bad things as bad for adoption, and since adoption is the goal, the reporting is bad. They're willfully blind, and just like Elon, there's always somebody willing to parrot wh
56.
by paulusthe 4y ago
He didn't commingle accounts. He stole from customers to keep Alameda afloat. This is why the money never got converted into actual crypto, and why there are no assets: the money got used, by Alameda, in what must have been some truly
57.
by paulusthe 4y ago
It's Bahamas, not the US. He could still be prosecuted here for crimes committed here.
58.
by paulusthe 4y ago
It can't work; there are documents. This stuff is always found in documents. In Madoff's case, aside his confession, they had the original financial documents and the ones manually edited by Madoff which were given to investors. T
59.
by paulusthe 4y ago
SBF is incredibly, blindingly, arrogant. He thinks he can secure his freedom by proclaiming incompetence to anyone who will listen, but along the way happens to occasionally admit doing some very illegal things.
60.
by paulusthe 4y ago
He's definitely getting prosecuted. It just takes DoJ a long time to build cases, especially financial cases, because the burden of being able to convince a jury that something intentionally malevolent happened as opposed to simply inc

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