tempsy

32 ms·

361.
by tempsy 4y ago
…how else are you supposed to use your rewards outside of cash redemption or airline transfer airline transfer is generally the best ROI way to use credit card points so this is a massive unannounced devaluation by any measure
362.
by tempsy 4y ago
sure I’m not suggesting people get complacent if they have excess belly fat. but controlling visceral fat should be most important goal for your average person given how disruptive it is hormonally the main issue for your average person is
363.
by tempsy 4y ago
well it’s missing from the headline and not everyone is reading the article
364.
by tempsy 4y ago
the only nuance i’ll add is that there’s a huge difference between subcutaneous fat (eg visible belly fat you can pinch) and visceral fat (the fat hugging your vital organs) visceral fat is significantly more dangerous than subcutaneous fat
365.
by tempsy 4y ago
if you’re an influential figure your words alone can trigger a bank run that wouldn’t have happened if you said nothing Imo the question isn’t whether Thiel privately emailed founders advising them to pull money but whether they made a deci
366.
by tempsy 4y ago
that is true for some customers not all and not the primary reason why it failed. and the problem is you know nothing about the financial health of the small banks that are white label providers so how can you say you’re confident in the ma
367.
by tempsy 4y ago
i’d get antsy even in business class
368.
by tempsy 4y ago
that was also true of SVB
369.
by tempsy 4y ago
they work with tiny regional banks that act as a white label service if one or more of those tiny regional banks fail in the same way SVB did I don’t see why there wouldn’t be an issue as a customer of Mercury it’s also unknown what percent
370.
by tempsy 4y ago
the irony of this whole situation is VCs and startups pouncing on the chaos to encourage people to move their money into even more opaque neobanks eg Mercury/Brex/Ramp as if they don’t have the same issues with relying on VC funde
371.
by tempsy 4y ago
i can open a bank account in 2 minutes on my phone it certainly isn’t alone an excuse if you are wealthy enough to even worry about the limit. most wealthy people probably have dozens of accounts for this reason alone. I read an article jus
372.
by tempsy 4y ago
can’t people buy private insurance for their deposits above the $250k threshold? if you buy an expensive house or car you generally pay a lot more to insure that asset. not sure why people don’t think of buying insurance on their bank depos
373.
by tempsy 4y ago
if major usdc holders who have a circle account were primarily concerned with tiny arbitrage plays they wouldn’t be holding a stablecoin earning zero yield when t-bills pay 5% to begin with
374.
by tempsy 4y ago
that’s if you have a Circle account which effectively no individual has access to. if you convert USDC to USD on Coinbase or another exchange you’re paying the market rate
375.
by tempsy 4y ago
how is it “so far below” it’s recovered to less than a 4% discount
376.
by tempsy 4y ago
i’m surprised this disclosure alone caused it to depeg this much
377.
by tempsy 4y ago
Giving the advice is not what I’m referring to. I’m referring to intentionally leaking the advice to the press so they run the story about how Peter Thiel is warning everyone which accelerated the outflow.
378.
by tempsy 4y ago
honestly disgusted by the blatant PR moves by YC and Founders Fund yesterday in leaking their “advice” to their founders to get out of SVB Very blatant weaponization of FUD to drum up deposits for their investments in Brex, Ramp, and Mercur
379.
by tempsy 4y ago
no i wasn’t. i said an individual could easily have $250k in cash to show you that it is not a significant amount of money from a business perspective. nothing about what i said referred to keeping $250k in a non interest bearing account as
380.
by tempsy 4y ago
i’m not talking about what the savvy thing to do is, just taking issue with the assertion that “it doesn’t matter if a bank fails cause it’s insured” when there’s a limit that the OP either failed to mention or didn’t know about and not tha
381.
by tempsy 4y ago
You’re kidding right? There’s a limit of like $250k An individual could easily have that much let alone a startup with millions.
382.
by tempsy 4y ago
so rent is now considered a massive burden on everyone because someone making the minimum wage cannot easily afford the median rent in the city they live in? that’s not how it works at all
383.
by tempsy 4y ago
This is an absurd statement. Median rent in Seattle for a 1 bedroom is $2k. Using the 40x rule someone who makes $80k could easily afford this, which is a low bar for someone with a moderately decent job. Locking in a low rate alone has not
384.
by tempsy 4y ago
how is a saver getting eaten alive when high yield savings accounts and short term t-bills are paying 5% holding cash is paying something for the first time in more than a decade
385.
by tempsy 4y ago
I wouldn't be surprised if Apple acquired them.
386.
by tempsy 4y ago
It's not. Median rents in NYC is over $4k. LA is nowhere near that. "Factoring income" is also a non-sensical qualifier for how expensive a metro is. Using that measure then Miami would be considered far and away the most exp
387.
by tempsy 4y ago
there's nothing "insane" about renting in LA I see 1 bedroom apartments for $2k-ish everywhere. 2 bedroom apartments for less than $3500. that's just normal if not below average for a major metro.
388.
by tempsy 4y ago
Lol k I'm not going to debate you on this. It wasn't always the case that both parents worked full time outside the house but you can believe whatever you want.
389.
by tempsy 4y ago
No it's more just an American thing. Greater focus on individualism plus nuclear families being the norm as opposed to multigenerational households. It's made worse by the fact most households cannot afford expenses without both p
390.
by tempsy 4y ago
TBH Stripe sounds like an insufferable place to work.

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