smabie

37 ms·

511.
by smabie 5y ago
If tether majorly depegs, let's not kid ourselves, it would absolutely devestate the crypto ecosystem.
512.
by smabie 5y ago
Exactly. To be certain, most people/firms would prefer to hold another stable coin vs tether, but if I have to have some tether exposure to earn some returns (as sometimes is the case), then that's what I'll do. Regardless, f
513.
by smabie 5y ago
How many surgeons do you know?
514.
by smabie 5y ago
I think so, yeah. Personally I just spec any machine close to the max and call it a day. The money isn't the problem, but having a shitty machine that wastes my time (and therefore money) is. It's certainly better than the alterna
515.
by smabie 5y ago
Completely agree what a terrible post.
516.
by smabie 5y ago
Those are sometimes actually well written though.
517.
by smabie 5y ago
An activist investor tries to affect change in the company they own shares in; Icahn is particularly famous (notorious?) for this. https://en.m.wikipedia.org/wiki/Activist_shareholder https://en.m.wikipedia.
518.
by smabie 5y ago
Because you are angry and unhappy and want to make other people angry and unhappy. schadenfreude is a very human and common emotion.
519.
by smabie 5y ago
The amount of time saved by other drivers taking this route could very well outweigh the time it costs you. So all in all, could be a utilitarian win wrt maximizing total utility. You're just upset that you're the loser in this si
520.
by smabie 5y ago
This isn't really a good take: many markets do not trade one tick wide in the first place and people are still competing on speed. Delta neutral trading is a zero sum game and no matter what rules you put in place it will still be incr
521.
by smabie 5y ago
HFTs add liquidity to the market by market making: having quotes in the book.
522.
by smabie 5y ago
I mean sure, that's a bad idea if you're making directional bets (probably), but you could do the same with delta neutral yield/farming strategies and it wouldn't be a bad idea imo. When the APR on stablecoins is >30%
523.
by smabie 5y ago
Where do you live? Atleast in the US, having a car as a teenager is (was? I'm 28) the norm
524.
by smabie 5y ago
How could you possibly have enough information to claim that "almost all" crypto transactions are illegal? As someone who works in crypto, I find this claim highly dubious.
525.
by smabie 5y ago
Is this a rhetorical question?
526.
by smabie 5y ago
We should: just make them all legal
527.
by smabie 5y ago
These crew members are irrational: you gonna stay on a ship for years without pay while you wait for your year of back pay? Why?
528.
by smabie 5y ago
I have coworkers that don't have bank accounts and just have FTX debit cards. Is that good enough?
529.
by smabie 5y ago
Why wouldn't you support it? Seems like a win-win for most parties involved.
530.
by smabie 5y ago
This isn't actually true, there are many ways to buy stuff with crypto.
531.
by smabie 5y ago
There is no world in which a major tether depeg leads to a boost in BTC price. It will not happen.
532.
by smabie 5y ago
Also you can trade the USDT/USD swaps as well
533.
by smabie 5y ago
What about Puerto Rico? I moved here 6mo to take advantage of the lowest taxes an American can get and it's pretty livable. Of course English is spoken as a second language, but all in all it's pretty livable
534.
by smabie 5y ago
Billionaire dictators get put in prison or worse all the time. However I suppose that's a subset of politician
535.
by smabie 5y ago
traditional payment processors wield undo influence and control over businesses: just look at the past onlyfans drama. Moving away from a duopoly that censors legal businesses it doesn't like is definitely valuable, and also something
536.
by smabie 5y ago
You wouldn't work 41 hours a week if it netted you an extra mil a year? People work longer hours because they either enjoy it or they think it'll net them more money or both. If you don't care about that that's fine, but
537.
by smabie 5y ago
Alameda supported the price on CEXs so people wouldn't get liquidated on SRM order books.
538.
by smabie 5y ago
One thing you learn about working in crypto is that everything is aggressively front run: from large crypto funds to small prop shops, almost every single firm is leveraging non public information in order to profit. I find the situatio
539.
by smabie 5y ago
tech stocks, crypto, real estate, etc
540.
by smabie 5y ago
What? People sell shit for what people will pay for the shit.

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