ric2b

54 ms·

661.
by ric2b 6y ago
> Tens of billions of dollars of GameStop have been bought and sold over the past few days. Yes, at prices that are several multiples above the price they shorted at.
662.
by ric2b 6y ago
People panic. Especially when they're staring at billions of losses and maybe all it takes to save them is a carefully worded public statement that they think they can later argue is technically truthful.
663.
by ric2b 6y ago
Think about it, you're staring at a mob of people willing to buy the stock at absurd prices... Why would you announce that you've closed your shorts instead of keeping quiet and profiting of the mob? The answer is they didn't
664.
by ric2b 6y ago
> Some of them are making a killing, but how can you be sure it is the majority of them ? Because they're mostly opening long positions (buying and holding the stock) and the price is way up?
665.
by ric2b 6y ago
> the markets are there to support those companies, not destroy them. The shorts were the ones destroying Gamestop, though.
666.
by ric2b 6y ago
> The point is not that the driver magically didn't feel inertia (he did, and you can clearly see it in the video) He clearly didn't experience 50g deceleration, he would have been sent flying through the windshield. What'
667.
by ric2b 6y ago
> ones that flip-flop between two issues, I love doing "merge this if statement with the enclosing one" only to get "expressions should not be too complex" after I've merged them. I'm not sure that's fl
668.
by ric2b 6y ago
> it's one of the checks and balances On the judicial, so it would be great if it was also subject to Congressional approval. It would still fulfill its purpose.
669.
by ric2b 6y ago
But do they have to depend on a single person? They should go through congressional approval to avoid such blatant corruption.
670.
by ric2b 6y ago
It's the first one, they can't afford it, they actually laid off a bunch of people less than a year ago.
671.
by ric2b 6y ago
Same error as always, already addressed in the sibling thread, Bitcoin energy usage does not scale linearly with transaction count: https://news.ycombinator.com/item?id=25815303
672.
by ric2b 6y ago
But if I'm on a different server how do you know if it's really me or that other server is lying to you?
673.
by ric2b 6y ago
That's a good point, there's almost no downside to shorting Tether besides the interest, since it would never go much above USD. Given that the interest must be wild, no?
674.
by ric2b 6y ago
Laughable indeed. Banks, which are essential to our economy, have 0% reserve requirements but this niche company that can crash to 0 without doing much harm to the economy should be forced to have 100% reserves? Who cares, just don't a
675.
by ric2b 6y ago
Wow, that's a bold prediction. Not sure I agree though.
676.
by ric2b 6y ago
All of the above if most of the demand from people fleeing from USDT goes into Bitcoin, which is likely. More people chasing the same thing -> price goes up. But obviously the BTC/USDT price would go up a lot more because USDT would
677.
by ric2b 6y ago
> The amount of money & electricty wasted to generate a BTC is otherwise unrelated to the price of BTC in dollars or other assets. Isn't it _directly_ related? If I'm a miner and the BTC I'm mining doubles in value I c
678.
by ric2b 6y ago
You'd need quite a long list of companies to work together at the social network level for that to be true. If you go lower in the stack, like ISP's it becomes much easier.
679.
by ric2b 6y ago
> and the networks (also private companies) will refuse to route to that hosting provider There was once something called "Net Neutrality". As I recall conservatives were strongly against it.
680.
by ric2b 6y ago
> Then those datacentres would be deplatformed from the Internet. A few years ago I heard some people say we needed net neutrality. Republicans were against it.
681.
by ric2b 6y ago
And that number is 42. Now the question is how to write all the functions to decode what we want from it.
682.
by ric2b 6y ago
> the end-user becomes responsible for complying with the licensing and royalty requirements Exactly. If you're using h.264 without a license in a country that requires it, it doesn't matter that some french people wrote the so
683.
by ric2b 6y ago
Enterprise contracts have SLA's about uptime, so it's definitely relevant.
684.
by ric2b 6y ago
What's your opinion of trade unions in Norway, which seem to me like they work quite well for everyone?
685.
by ric2b 6y ago
> who says this is an "issue" its just numbers. If you think its an issue thats your interpretation. No, this is a quote from the comment: "This is what people mean when they say the performance problems are everywhere - v
686.
by ric2b 6y ago
> The Great Depression. What commodities ceased being traded during the Great Depression? > Are we talking about store of value or medium of exchange? Mostly store of value for now, both when adoption improves and LN support is more w
687.
by ric2b 6y ago
Oh, I agree that it has an effect, I just really doubt that we'll plunge into Great Depression part Deux if we have deflation for a few years. Most people like buying things more than they like saving money.
688.
by ric2b 6y ago
> To you it seems so easy, you have no idea why others don’t do it. Oh, I know, it's because they haven't tried using a wallet yet. That's the biggest hurdle, choosing one and actually setting it up. After that it's a
689.
by ric2b 6y ago
> If useful, the US Department of the Treasury can issue a coin or bill with a value of any denomination, including .005 USD, and so is “infinitely divisible”. And how much does that cost? I bet it's more than 5 cents. > Bitcoin
690.
by ric2b 6y ago
I don't know but Bitcoin is definitely not it, it's seen multiple large improvements over the years.

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