pearjuice

7 ms·

31.
by pearjuice 4y ago
Given the bank's yield is some sort of formula with regards to how much and succesful they are in investing/loaning-out the capital of their depositors. Then how is it not a moral hazard, when the bank gets a signal that the FDIC
32.
by pearjuice 4y ago
They don't want the stock to go to 0, but they don't want to miss potential returns either. When the FDIC will cover all depositors, investors (from a purely capitalistic perspective) would demand to use as much of their capital a
33.
by pearjuice 4y ago
What I still do not understand is why the whole SVB episode isn't a bailout and didn't just introduce much more risk into the system. Yes, the stock went to 0 and investors did not get compensated (if they didn't already cash
34.
by pearjuice 4y ago
This comes after news that there were "material weaknesses" found in their financial reporting the last few years. They also failed to "design and maintain an effective risk assessment process to identify and analyze the risk
35.
by pearjuice 4y ago
Who would have thought people would be having more fate in synthetic dollars of which the backing value is a total mystery or outright fraud than synthetic dollars backed by actual dollars stored in regulated American banks. This Monday is
36.
by pearjuice 4y ago
Appreciate the honesty and transparency but sadly VC isn't chasing the profits from being a cloud- or app-server-provider. Looking at the profiles of the VCs which participated in funding rounds, most of them are exit-oriented. A16z&#x
37.
by pearjuice 4y ago
The only problem I have with Fly is that it is VC backed. It's receiving a lot of developer love now, but wonder what happens when it eventually gets acquired by a behemoth in a few years and the same fate as Heroku is bestowed upon it
38.
by pearjuice 4y ago
It seems to me that after web3 collapsed, VC is looking for a new balloon to pump and cash out on.
39.
by pearjuice 4y ago
Construction scams? More like government approved construction scams. In recent years, the Turkish government issued many exemptions for projects that were built or expanded in violation of the official buidling rules. For a small fine (whi
40.
by pearjuice 4y ago
Setting up an automated paywall hosting system using a third party payment provider is honestly a minefield waiting to explode. The business owner knew this: >Over time, this set up proved risky with legal liabilities. So last year I mig
41.
by pearjuice 4y ago
I find it remarkable that after the pandemic bump, zoom stock value is basically back at where it started. Peaking at almost a x10 price increase pre-pandemic to pandemic-top, investors are now stating "zoom is worth almost as much to
42.
by pearjuice 4y ago
I've completely detached coding for fun and coding for a client/employer. For fun? I write (almost) everything in a single file or however I seem fit, git commit -am "asdf" and use a bare-bones deploy script on a 10$-or-
43.
Twitter to share ad revenue with creators(twitter.com)
12 points by pearjuice 4y ago|4 comments
44.
by pearjuice 4y ago
That's actually clever. The exact reason why being an API wrapper for a prompt engine is a fad.
45.
by pearjuice 4y ago
As someone who doesn't step foot in America much, I honestly cannot comprehend the "tipping culture". It's expected and almost mandatory as it's an integral part of workers pay but not absolutely mandatory or legall
46.
by pearjuice 4y ago
Lots of people have been saying Tether is a fraud for years now. Even some very smart and highly regarded people; patio11 comes to mind. Yet in all those years, Tether had no major depegging event, bankrun or any other noteworthy chain reac
47.
by pearjuice 4y ago
If anything, the pressure on Sam might result in him turning on Tether/Binance/other-frauds with key insider evidence for reduced sentencing. The guy's a pvp gamer at heart so probably min-maxing with his lawyers what he can
48.
by pearjuice 4y ago
She's not going to get sentenced to any time whatsoever. She cut a deal (full co-operation, forfeiture of assets and some fines) and is voluntarily pleading guilty to honor the deal.
49.
by pearjuice 4y ago
His ex-girlfriend and CEO of Alameda really put the nail in the coffin. Turned on him for 250K$ bail, forfeiture of all assets and basically no prosecution (except some taxes) as long as she co-operates. Probably dropped the entire playbook
50.
by pearjuice 4y ago
When so much money is involved very few friendships or relationships will survive. You can't morally steer someone into the "right" direction by sending frustrated emails when there's generational wealth on the line for
51.
by pearjuice 4y ago
I've tried playing and actually getting into this game a few times (including installing tile packs, walkthrough saves and what not), but the game mechanics are obtuse and have such a high learning curve that frustration is easier foun
52.
Sam Bankman-Fried’s Crypto Empire Collapsed(nytimes.com)
52 points by pearjuice 4y ago|21 comments
53.
by pearjuice 4y ago
>From everything I’ve read, SBF’s mission to earn billions, then spend it saving the world, seems something like this imagined Apollo mission How can the author pretend SBF his actions are comparable to a "tiny crack in an oxygen ta
54.
by pearjuice 4y ago
Michael Lewis, the author of “The Big Short", is the true winner of this whole debacle. He was/is allegedly following SBF around, working on a book covering his raise to fame and riches and his influence in US politics. Seems he&#
55.
by pearjuice 4y ago
My prediction: nobody will touch FTX and whatever is left of it will be in legal battles for years to come. Most will get auctioned to recoup the big fish making the most noise and maybe pennies after that for individual users which had fun
56.
by pearjuice 4y ago
No surprise whatsoever. They killed a competitor, avoided being on the hook for ~$6B in missing funds and without paying anything they are basically inheriting all FTX customers still happy to trade crypto. FTX or whatever is left will be u
57.
by pearjuice 4y ago
Why would they even consider taking them over? They killed a competitor by declaring them as insolvent. The damage has been done. The user funds SBF siphoned out of FTX aren't coming back and doubt CZ is going to refund them out of poc
58.
by pearjuice 4y ago
>Was this a violation of a corporate policy? Not unless it could be proven that the downloaded message file was moved away from the corporate computer A bit later >21:17 Disconnected from everything mid-meeting, laptop goes blank Clea
59.
by pearjuice 4y ago
What's a scenario in which Musk will at least recoup his acquisition cost? Even if 10% of Twitter users (and that's a lot) will get on the 8$ plan, revenue is only roughly (100*20M?) 2B$ per year. As I make that napkin calculation
60.
by pearjuice 4y ago
Any ideas about acquisition cost? How do you value a FOSS project?

More ›