Looking at your thought experiment, the difference is whether that customer gets $500K (all of the bank's assets are sold to make him whole[1]) or $1M - all the banks assets are sold, and also he gets another $500K from…
> "Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law." Very curious to see who ends up paying this special assessment. Are we…
> I hope the FDIC is able to get a substantial dividend quickly so that they can keep operating and that everyone works to keep disruption low The FDIC has publicly said there will be an advance dividend and I don't see…
I mean, yeah, that's ultimately a potential problem for the federal budget. But that's not what tripped up SVB - long-term Treasury prices declined because higher interest rates made short-term Treasuries more…
Interest rates are where they were in the mid/late 90s (https://fred.stlouisfed.org/series/FEDFUNDS). The idea that these interest rates are unsustainable/dangerous is just silly. If anything, the 2009-2016 and…
I mean, completely reducing this risk to 0 is probably expensive and annoying, yes. But you could halve the risk by splitting your money into just two bank accounts, and reduce it further by keeping medium/long-term…
They actually had like $12B split across 5 or 6 banks. But yeah, they definitely could've split it better. "No more than $1B per bank" seems like an easy rule, and even maxing at $500M could be doable.
Not just any initial capital, clean US dollars in a brokerage account under somebody's real name. You can't use BTC or rubles or drug money or whatever.
>When Musk posted a tweet 'joking' about taking Tesla private, which was utterly trivial to investigate, the SEC only managed to deliver a slap on the wrist. Because prosecuting Elon Musk requires going up against top…
In the aggregate sense, it eventually netted out. But a lot of people who sold when it looked like prices were collapsing sure got a pretty decent chunk of their bank accounts "erased".
I know, right? I work with a lot of politicians and they run the gamut from "tech savvy 30-year-old" to "grandpa who still uses AOL". Any product which wants to appeal to the entire population needs to be able to…
You're not supposed to round 0.08, you're supposed to divide 0.08/8.24. The 8.24 is the percentage point return for the pension fund and the 0.08 is the percentage point cost for the fees
A serious security push might raise computing costs to the point where some low-margin computing activities become unprofitable or folks like Amazon push less into expansion/R&D to keep budgets balanced, but I think…
>Why do regulations have to be in line with market economics in the first place? Yeah, I think this is something a lot of folks overlook - regulations exist because society has decided its interests are better served by…
Don't forget to factor in the costs of running, cooling, and maintaining that much hardware (also bandwidth costs). I'm not saying it's $2k/month, I'm just saying don't compare the physical box and AWS without factoring…
No, the article suggests that teachers can't raise scores in heavily impoverished unstable areas fast enough to meet demands. That's a much narrower thing than "schools are useless"
The sort of bot he's describing would be designed to mask large purchases and prevent them from sucking all liquidity out of the market temporarily or spiking prices. Let's say I want to buy 500 BTC at $1000 (to make…
>they haven't even peeped one single word about making the customers of theirs that use Netflix pay more money to Verizon. Not directly, but if the ISPs charge Netflix a fee that forces Netflix to raise prices for its…
>I looked at 40,000 samples of hackers’ passwords and found that nearly 2,000 were unique and 1,255 of those were in plain text. Another 346 passwords were easily cracked from MD5 hashes, because they were shorter than…
Generally I think it's a sort of two-step the patent/trademark trolls do. They go to USPTO and apply for IP based around a narrow reading of their application, and then they attempt to enforce based on a broad reading…
There aren't many barriers to entry in this field though. It's not a situation like a utility/ISP where you can only feasibly have one last-mile connection due to permits or limited radio spectrum. It's not even…
They grow out of playing video games perhaps, but there's a whole world of content for folks who still like video games but don't play them as much anymore.
The problem is not that there's no DRM-free alternative, it's that major content owners would prefer no HTML5 solution to a DRM-free HTML5 solution. There is literally nothing Mozilla can do about that. People who want…
Well if you're talking about stuff that's used at physical checkout counters, you need really fast transactions. Nobody wants to sit there for an extra 20-30 seconds holding up the line. Even if customers can tolerate…
Assuming its a constant linear progression, which it's probably not. We could see speed ups as we go, or breakthroughs. I'm not suggesting someone'll have a Eureka moment tonight and we'll have Skynet next week, but…
Looking at your thought experiment, the difference is whether that customer gets $500K (all of the bank's assets are sold to make him whole[1]) or $1M - all the banks assets are sold, and also he gets another $500K from…
> "Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law." Very curious to see who ends up paying this special assessment. Are we…
> I hope the FDIC is able to get a substantial dividend quickly so that they can keep operating and that everyone works to keep disruption low The FDIC has publicly said there will be an advance dividend and I don't see…
I mean, yeah, that's ultimately a potential problem for the federal budget. But that's not what tripped up SVB - long-term Treasury prices declined because higher interest rates made short-term Treasuries more…
Interest rates are where they were in the mid/late 90s (https://fred.stlouisfed.org/series/FEDFUNDS). The idea that these interest rates are unsustainable/dangerous is just silly. If anything, the 2009-2016 and…
I mean, completely reducing this risk to 0 is probably expensive and annoying, yes. But you could halve the risk by splitting your money into just two bank accounts, and reduce it further by keeping medium/long-term…
They actually had like $12B split across 5 or 6 banks. But yeah, they definitely could've split it better. "No more than $1B per bank" seems like an easy rule, and even maxing at $500M could be doable.
Not just any initial capital, clean US dollars in a brokerage account under somebody's real name. You can't use BTC or rubles or drug money or whatever.
>When Musk posted a tweet 'joking' about taking Tesla private, which was utterly trivial to investigate, the SEC only managed to deliver a slap on the wrist. Because prosecuting Elon Musk requires going up against top…
In the aggregate sense, it eventually netted out. But a lot of people who sold when it looked like prices were collapsing sure got a pretty decent chunk of their bank accounts "erased".
I know, right? I work with a lot of politicians and they run the gamut from "tech savvy 30-year-old" to "grandpa who still uses AOL". Any product which wants to appeal to the entire population needs to be able to…
You're not supposed to round 0.08, you're supposed to divide 0.08/8.24. The 8.24 is the percentage point return for the pension fund and the 0.08 is the percentage point cost for the fees
A serious security push might raise computing costs to the point where some low-margin computing activities become unprofitable or folks like Amazon push less into expansion/R&D to keep budgets balanced, but I think…
>Why do regulations have to be in line with market economics in the first place? Yeah, I think this is something a lot of folks overlook - regulations exist because society has decided its interests are better served by…
Don't forget to factor in the costs of running, cooling, and maintaining that much hardware (also bandwidth costs). I'm not saying it's $2k/month, I'm just saying don't compare the physical box and AWS without factoring…
No, the article suggests that teachers can't raise scores in heavily impoverished unstable areas fast enough to meet demands. That's a much narrower thing than "schools are useless"
The sort of bot he's describing would be designed to mask large purchases and prevent them from sucking all liquidity out of the market temporarily or spiking prices. Let's say I want to buy 500 BTC at $1000 (to make…
>they haven't even peeped one single word about making the customers of theirs that use Netflix pay more money to Verizon. Not directly, but if the ISPs charge Netflix a fee that forces Netflix to raise prices for its…
>I looked at 40,000 samples of hackers’ passwords and found that nearly 2,000 were unique and 1,255 of those were in plain text. Another 346 passwords were easily cracked from MD5 hashes, because they were shorter than…
Generally I think it's a sort of two-step the patent/trademark trolls do. They go to USPTO and apply for IP based around a narrow reading of their application, and then they attempt to enforce based on a broad reading…
There aren't many barriers to entry in this field though. It's not a situation like a utility/ISP where you can only feasibly have one last-mile connection due to permits or limited radio spectrum. It's not even…
They grow out of playing video games perhaps, but there's a whole world of content for folks who still like video games but don't play them as much anymore.
The problem is not that there's no DRM-free alternative, it's that major content owners would prefer no HTML5 solution to a DRM-free HTML5 solution. There is literally nothing Mozilla can do about that. People who want…
Well if you're talking about stuff that's used at physical checkout counters, you need really fast transactions. Nobody wants to sit there for an extra 20-30 seconds holding up the line. Even if customers can tolerate…
Assuming its a constant linear progression, which it's probably not. We could see speed ups as we go, or breakthroughs. I'm not suggesting someone'll have a Eureka moment tonight and we'll have Skynet next week, but…