rib3ye

20 ms·

1. 361.▲
   by rib3ye 4y ago

   You're talking about financial risk like it's physics. Consider that financial risk is a psychological tool we invented to balance human behavior and we can reshape the tool whenever we want. If you can consider that perspective,
2. 362.▲
   by rib3ye 4y ago

   >Less than 24 hours after the bank’s collapse, founders were receiving cold emails from investors offering to buy up their deposits, according to messages seen by the Financial Times. What instruments are out there for making this kind o
3. 363.▲
   by rib3ye 4y ago

   https://archive.ph/JBWkI
4. 364.▲
   by rib3ye 4y ago

   Interesting perspective, but the flip side is you're rewarding VC who encouraged the run on the bank.
5. 365.▲
   by rib3ye 4y ago

   You're not wrong, but the purpose of "moral hazard" is to punish risky investments. What are you trying to punish here? Founders who didn't want to waste time messing around with multiple banks?
6. 366.▲
   by rib3ye 4y ago

   When you capitalize a bank with deposits, are you really an “investor” with expected risk/reward? I am not for totally punishing someone who expects a near-zero return on a loan, especially when they made the loan with the expectation
7. 367.▲
   by rib3ye 4y ago

   Depositing money in a bank is not supposed to be an investment with associated risk. Yes there may be an interest yield and services rendered, but these customers were not greedily looking for a sizable return.
8. 368.▲
   by rib3ye 4y ago

   > If my house burns down and I have $250K of home owners insurance, do I get the rest covered by the Feds? Not on your home, no. But if it were your factory and you were responsible for a respectable percentage of the workforce being abl
9. 369.▲
   by rib3ye 4y ago

   I guess that’s true if you are a Roku or a Roblox, but how can you say that about sub-50 person company still trying to find its footing?
10. 370.▲
    by rib3ye 4y ago

    I think you’re beginning to get it. Consider time it takes to get your deposit back: FDIC says depositors will get $250k back on Monday morning (pretty incredible turnaround actually). For the rest, they will have to wait for assets to be s
11. 371.▲
    by rib3ye 4y ago

    Additionally, it sounds like a total depositor “bailout” is just float until the receivership can unload the banks assets
12. 372.▲
    by rib3ye 4y ago

    Don’t you think there is a huge difference between the bank shareholders getting bailed out and depositors getting bailed out? Let’s think about the risk of “morale hazard” in these case: Bail out the shareholders: we can throw more money i
13. 373.▲
    by rib3ye 4y ago

    > SVB being a bank was basically forced by regulation to buy long-dated bonds for yield. Is this true?
14. 374.▲
    by rib3ye 4y ago

    Good thing we don't allow this in the US! Wait a sec... https://www.sigmaaldrich.com/US/en/product/cerillian/m009
15. 375.▲
    Goldman Considers Shrinking Consumer Unit Supporting Apple Card(wsj.com)

    2 points by rib3ye 4y ago|0 comments
16. 376.▲
    by rib3ye 4y ago

    And if those engineers read to the last line, I think they would pretty surprised at the author’s conclusion: > Take your most competent sales person and put him in charge of the product.
17. 377.▲
    by rib3ye 4y ago

    Can you imagine the morale of an engineer/designer known for working on the worst-in-class product?
18. 378.▲
    by rib3ye 4y ago

    Is this an argument against LTT being an influencer?
19. 379.▲
    by rib3ye 4y ago

    Everyone wants to be part of something. Some people think they are part of the Rebellion when it's actually the Dark Side.
20. 380.▲
    by rib3ye 4y ago

    I thought the consideration for clients staked ETH was fairly generous! What does this mean for existing staking clients in the U.S.? U.S. clients will not be able to stake new assets. Previously staked non-ETH assets will be automatically
21. 381.▲
    Crypto exchange Kraken to shut staking service, pay $30M fine in SEC settlement(coindesk.com)

    206 points by rib3ye 4y ago|219 comments
22. 382.▲
    by rib3ye 4y ago

    Source: The Washington Times Founder: Yong Myung Moon, Founder of the Unification Church
23. 383.▲
    by rib3ye 4y ago

    > I never thought of this until a friend asked "Were you outside when texting me?" The only thing that surprised me was that "outside" simply means "outside your home" now.
24. 384.▲
    by rib3ye 4y ago

    Isn't making software "producing" something? Or do they need to make hardware like Apple?
25. 385.▲
    by rib3ye 4y ago

    Well, it's a good point of discussion. "Curing" people with a problem like that is not as simple as putting a roof over their heads. The cat can take a pill, but the alcoholic needs a life redirection, and that takes social i
26. 386.▲
    by rib3ye 4y ago

    My observation is that it's more politically contentious to decide where to put these free homes. We have a lot of them in the SF Bay Area (some legit, many not), and they all attract activity that "I don't love" having
27. 387.▲
    by rib3ye 4y ago

    Depends on the need. If they need someone to further explain a specific concept from their homework, they definitely know what they want. Also, if they just want a refund on an airline ticket, again, they know.
28. 388.▲
    by rib3ye 4y ago

    Surely this comment does not fit HN comment guidelines: https://news.ycombinator.com/newsguidelines.html > Eschew flamebait. Avoid generic tangents. Omit internet tropes. > Please don't use Hacker News for politi
29. 389.▲
    by rib3ye 4y ago

    Abstract version: https://www.developerreport.com/developer-report
30. 390.▲
    Electric Capital 2022 Crypto Developer Summary [pdf](github.com)

    1 points by rib3ye 4y ago|1 comments