hehehaha

Yet another reason why BTC is money launderer’s preferred asset.

Isn’t this a clear indication that Apple will have its own stand-alone GPU line? This plus the car news from earlier this week made me think Apple already has its own GPUs to rival or surpass Nvidia.

Edited for clarification.

Getting an MBA right now is a clear signal that you have zero skills.

McKinsey also implicitly involved in the whole Valeant debacle. These guys love extracting, no extorting, “value” from thin air.

I would actually go one step further and say 80-20 is more like 95-5. Spend enough time in corporate environment and this will become so clear. That’s the downside of service/information economy.

Do quantum next.

I actually think quantum could save IBM if they some how manage to pull it off.

If you’re an Amazon investor today, you might be asking yourself “how much of Amazon’s stubbornness was directly due to Bezos?” Seems that’s an important question if you thought Amazon will continue to grow.

It’s quite simple: generally standardized product sizes and media mail. Don’t think it’s farfetched to say Amazon benefited greatly from USPS in its early days.

But Jassy is not a typical MBA guy. He trailblazed the entire cloud industry.

You know why a stock typically goes up whenever Wall Street “research” upgrades it? Their sales team spam calls all of their clients. I don’t understand how that’s any different from what happens on r/wsb. It’s really not the “DD” that matters but creating flow. Why firms like Merrill Lynch was feared. The whole industry is a complete joke and Wall Street doesn’t like the fact that their little complex is getting disintermediated even further as machines and self-directed individuals take over.

My guess is they’re giving away a lot for free. Firebase free tier is almost too generous.

I would go even further. If I am building a next gen electronic wallet (which happens to be a side project of mine) I’d build in a full week of escrow-like mechanism by default.

I can maybe see T-0. But I am pretty sure Vlad is talking about near real-time. Even with T-0, most of the trading is done in the last ten minutes at 3:50 EST (due to vwap). I don’t see the benefit in settling T-0 outweighing the value of safety net provided by extra time overnight.

I like that Jassy is taking over. He really helped transform the world with AWS and Bezos’ stubbornness to keep failing is what allowed that business to grow.

There are many reasons but most importantly, delayed settlement serves as fraud deterrent and error/exception handling. Should be T+1 same as options. Think of it as a database, do you want instantaneous non-reversible commits by default when transactions number in the billions with known error rate? Or perhaps have a reasonable buffer for safety?

I don’t even know what to say about this. It doesn’t sound like he learned his lessons at all. He’s calling for real-time settlement which is not practical for equities. On top of that he completely dismissed RH’s root problems: very loose margins and new account standards. I was defending RH on HN last week but I have to reconsider.

Was security implementation ever proven itself for Telegram? I remember reading a lot of threads on HN a few years back about how it wasn’t considered secure/kosher. I moved on and haven’t really followed the cryptography space.

I found hygrometers on these machines to be not so accurate. It hardly matters in my use case because even maxed out at 4 gallons per day, it barely keeps up during winter heating months.

I did an exhaustive search and tried them all. The answer is Vornado Evap40. Can easily dump 2 gallons in half a day. Nothing even comes close. Key is moderate negative air pressure. Operating cost is higher than most but well worth it.

Is it really? I absolutely appreciate that feature. Do we still want to be stuck in old financial system where it takes days for money transfer? It should all be instantaneous. That said, their risk/compliance team failed big time.

Imagine you found a number one trading platform and end up having to dilute your stake by a factor of 2 (or more likely) within a week because of a meme stock. I actually feel bad for the founding members at RH.

Imagine you found a number one trading platform and end up having to dilute your stake by a factor of 2 (or more likely) within a week because of a meme stock. I actually feel bad for the founding members at RH.

How’s that good for consumers? They get stuck with Tesla exercising market power and in some instances dictating implementations. As much as I find Tesla innovative, I don’t want them dictating EV infrastructure.

Agreed. We can download and install things on our computers. That’s a thing still, right? I am sure we can manage to do that with our phones. Not sure how gatekeeping helps anyone other than Apple/Google at this point. The app stores, just as Amazon, have been compromised. You cannot rely on product/app recommendations. Worse yet the top results are more likely to be fraudulent.

My honest opinion? If you’re in it to make memes about it then maybe don’t take it too seriously when market breaks due to the collective actions.

They had to access money for 3-4 days due to (1) surge in turnover in regards to GME including weekly option rollovers which by Wednesday had ballooned, and (2) influx of new accounts opened with instant access to buy meme stocks.

It was a liquidity issue but if he had come on TV and stated that, there would have been market collapse and utter chaos. I can’t understate how close we got to having a big liquidation event on the entire market, which we still may depending on how this week goes.

You still need to work and have income. If I am missing something I’d love to know.

With UBI, people will be more selective in their job search. With negative tax rate not so much since you would need to work in order to benefit. I am not a fan of them because they will simply push out cost of living and the poor will be back in same relative economic disadvantage. The only realistic solution I see is free education even into adult age.

To be honest, people will eventually return. RH is the cost leader by a wide margin and its very unique to its business model via data arrangement with Citadel. In aggregate, total savings they pass down to retail traders is in the billions. With options trading at all time high, savings for 2020 was likely in tens of billions.

Edit: upon looking at some aggregate data via OCC, appears I overestimated savings.

They can raise money by issuing stocks with intent to make acquisition(s). Not different from SPACs really. However, I don’t think current management is smart enough to figure that out considering how they got here in the first place ignoring all the obvious secular trends.