What is the purpose of acquiring wealth perpetually until death? The implication by the author is that non-essential purchases are a complete waste of money. Going out for a nice meal with friends is an experience.…
You're guilty until proven innocent on nearly every regulated financial service platform. Prepare to explain with evidence how you got the money, why it's being sent, and who it's being sent to, at a moment's notice.…
You can try to write all the laws you want, eventually it boils down to manually reviewing a ton of transactions and everyone loses. The bank needs to pay for growing compliance departments, customers are scrutinized on…
What you don't see in this article is that HSBC has tons of false positives and the scrutinization of transactions slows everyone down. The more strict they need to be with money flow, the more regular people suffer…
The Federal Reserve seems primarily focused on keeping asset prices high. Their policies seem to react directly to downward pressure in the equity markets. When you consider that the appreciation of these markets only…
It's crazy to me that if I want to buy Ray Ban sunglasses off Amazon, I am routed by default to random third party sellers. I have purchased these once before and I'm almost positive that I received a fake product. How…
They'll need to survive for 10 years losing billions annually if that is their goal. And it will take them years to scale up automated rides/food delivery even after it becomes available.
Bitcoin has really settled down in terms of price swings over the last year. It did have a major covid crash, but aside from that it's been very stable for the past year. Keep in mind that the price moves also attract…
The market seems to be pricing in the best case scenario here. They're saying that almost everything is back to normal by Q3. This would be 4 really bad months (March-June) total. The reality is that the future is very…
The stimulus packages seem more focused on ensuring that asset prices remain inflated. The idea that the average person will see any major impact from the S&P500 dropping to 2000 points is laughable. How many people do…
I mean, if there is proper 2 factor authentication set up, it would be much more difficult for this scam to work. Most banks in Asia issue you a physical security token, which if you lost you'd need to get it replaced…
Well the solution is to have some sort of emergency fund which activates in black swan events to rebalance the portfolio. It's just something to factor in. Adds some costs to operations but only fractions of a percent.
Yes, the people arguing that blockchain has it figured out for regular transactions are fools. Blockchain has a long way to go and many serious challenges to overcome before it can compete with payment networks like…
Big amounts, like 25M+ are usually done OTC. Several big companies in the space offer this service and are able to link you with one or multiple buyers to offload 9 digits. You can easily offload 10M USD worth over…
This is such an important concept for negotiations of all sorts. If you are negotiating the hard way, then people are going to be put off from interacting with you in the future. There is a social element to all…
The investigation is on Iranian soil. There is no access to the FAA or similar agencies. Iran would have every reason to want to cover up an erroneous missile launch. In Ukraine, there was a cooperative effort to…
It wouldn't take very long for the relevant parties to know whether they accidentally shot a missile at a 737. For a mechanical issue, there would be much more uncertainty (although it's possible the pilot reported the…
And on top of that, one might argue that humanity is highly self-interested by nature, and people with the greatest self-interest will be much more likely to obtain power.
Credit card companies also make a huge amount of revenue from merchant fees. Every transaction carries a fixed and percentage-based fee. Often something like $0.29 + 2.5%. Payment companies like Alipay have much lower…
The problem is, it also includes anyone who has ever logged into a US VPN. There is no doubt that this will catch some Americans who are abroad, but if you are getting 3-4 non-US clicks to get 1 American abroad click,…
Crypto is cash 2.0. It has many flaws, but it also does certain things cash can not. Some examples are high value transfers, long distance transfers, and easy accessibility across borders. You can go ahead and tell me…
Yes, one big issue is that payment processors are incredibly centralized and massive. These two combined means that they are incentivized to de-risk their platforms and stop serving customers they determine to be "high…
Ethereum's smart contracts are obviously more developer friendly and easier to implement. Ethereum smart contracts are the go-to for dapps, despite having a significantly smaller userbase and market cap than bitcoin. To…
You could argue that SoftBank alone has greatly impacted #2. Before they came around these types of investments were quite rare.
Disaster is certainly hyperbole. It would imply their business is in jeopardy or something. All this means is a lower P/E ratio in the future. Apple has an absurd amount of cash on hand, and are still earning huge…
What is the purpose of acquiring wealth perpetually until death? The implication by the author is that non-essential purchases are a complete waste of money. Going out for a nice meal with friends is an experience.…
You're guilty until proven innocent on nearly every regulated financial service platform. Prepare to explain with evidence how you got the money, why it's being sent, and who it's being sent to, at a moment's notice.…
You can try to write all the laws you want, eventually it boils down to manually reviewing a ton of transactions and everyone loses. The bank needs to pay for growing compliance departments, customers are scrutinized on…
What you don't see in this article is that HSBC has tons of false positives and the scrutinization of transactions slows everyone down. The more strict they need to be with money flow, the more regular people suffer…
The Federal Reserve seems primarily focused on keeping asset prices high. Their policies seem to react directly to downward pressure in the equity markets. When you consider that the appreciation of these markets only…
It's crazy to me that if I want to buy Ray Ban sunglasses off Amazon, I am routed by default to random third party sellers. I have purchased these once before and I'm almost positive that I received a fake product. How…
They'll need to survive for 10 years losing billions annually if that is their goal. And it will take them years to scale up automated rides/food delivery even after it becomes available.
Bitcoin has really settled down in terms of price swings over the last year. It did have a major covid crash, but aside from that it's been very stable for the past year. Keep in mind that the price moves also attract…
The market seems to be pricing in the best case scenario here. They're saying that almost everything is back to normal by Q3. This would be 4 really bad months (March-June) total. The reality is that the future is very…
The stimulus packages seem more focused on ensuring that asset prices remain inflated. The idea that the average person will see any major impact from the S&P500 dropping to 2000 points is laughable. How many people do…
I mean, if there is proper 2 factor authentication set up, it would be much more difficult for this scam to work. Most banks in Asia issue you a physical security token, which if you lost you'd need to get it replaced…
Well the solution is to have some sort of emergency fund which activates in black swan events to rebalance the portfolio. It's just something to factor in. Adds some costs to operations but only fractions of a percent.
Yes, the people arguing that blockchain has it figured out for regular transactions are fools. Blockchain has a long way to go and many serious challenges to overcome before it can compete with payment networks like…
Big amounts, like 25M+ are usually done OTC. Several big companies in the space offer this service and are able to link you with one or multiple buyers to offload 9 digits. You can easily offload 10M USD worth over…
This is such an important concept for negotiations of all sorts. If you are negotiating the hard way, then people are going to be put off from interacting with you in the future. There is a social element to all…
The investigation is on Iranian soil. There is no access to the FAA or similar agencies. Iran would have every reason to want to cover up an erroneous missile launch. In Ukraine, there was a cooperative effort to…
It wouldn't take very long for the relevant parties to know whether they accidentally shot a missile at a 737. For a mechanical issue, there would be much more uncertainty (although it's possible the pilot reported the…
And on top of that, one might argue that humanity is highly self-interested by nature, and people with the greatest self-interest will be much more likely to obtain power.
Credit card companies also make a huge amount of revenue from merchant fees. Every transaction carries a fixed and percentage-based fee. Often something like $0.29 + 2.5%. Payment companies like Alipay have much lower…
The problem is, it also includes anyone who has ever logged into a US VPN. There is no doubt that this will catch some Americans who are abroad, but if you are getting 3-4 non-US clicks to get 1 American abroad click,…
Crypto is cash 2.0. It has many flaws, but it also does certain things cash can not. Some examples are high value transfers, long distance transfers, and easy accessibility across borders. You can go ahead and tell me…
Yes, one big issue is that payment processors are incredibly centralized and massive. These two combined means that they are incentivized to de-risk their platforms and stop serving customers they determine to be "high…
Ethereum's smart contracts are obviously more developer friendly and easier to implement. Ethereum smart contracts are the go-to for dapps, despite having a significantly smaller userbase and market cap than bitcoin. To…
You could argue that SoftBank alone has greatly impacted #2. Before they came around these types of investments were quite rare.
Disaster is certainly hyperbole. It would imply their business is in jeopardy or something. All this means is a lower P/E ratio in the future. Apple has an absurd amount of cash on hand, and are still earning huge…