initplus

14 ms·

121.
by initplus 4y ago
Splitting deposits to stay under the 250k limit is artificial behaviour that doesn’t change the overall risk profile for FDIC. The total amount of money covered by insurance is the same regardless of how it’s subdivided. Splitting up deposi
122.
by initplus 4y ago
The government actually wants banks to speculate with customer funds. You might think that the safest bank would be one that doesn’t do anything with customer deposits, just sits on them. Well this “safe bank” actually falls foul of US bank
123.
by initplus 4y ago
People are getting too caught up in the 250k limit. Most bank failures result in all depositors being made whole - even over the limit. Normally by regulators “hinting” that a larger bank should acquire the failing banks assets whole. FDIC
124.
by initplus 4y ago
The government wants it to not be a possibility. Bank accounts are meant to look safe. If government didn’t make it clear they were stepping in here, what do you think would have happened first thing Monday morning? Every small/medium
125.
by initplus 4y ago
What bad behaviour is being enabled here? The people who stand to gain from taking risks here (bank owners) have lost everything and are not being bailed out. What is the bad behaviour of the depositors? Trusting that their deposits were sa
126.
by initplus 4y ago
They are treating it differently because the alternative is a run on every small/medium bank with high numbers of business customers. It’s not to protect the existing depositors of SVB - but to shore up the stability of the entire bank
127.
by initplus 4y ago
Think about this with some numbers: if there are 100 banks, and every business puts 1% of their cash into each bank, the overall risk is the same as if 1% of businesses put 100% of their cash into a random bank out of the 100. The cost to F
128.
by initplus 4y ago
The way to prevent bank runs is to prevent banks from becoming insolvent in the first place. Making it illegal to take funds out of an insolvent bank is not the answer.
129.
by initplus 4y ago
SVB catered primarily to businesses - the last thing we need right now is every business worrying about where their bank deposits are. If they do worry, it may trigger more runs as they all try to move their funds to “safer” banks.
130.
by initplus 4y ago
Whether an item can be delivered to a particular address seems like a seperate concern to whether the address is correct/real.
131.
by initplus 4y ago
The L3 cache appears again in Windows, so it's clearly there physically on the die. But under the default performance tuning of the deck seems like it's not really being used. Possibly they are turning L3 off/down at runtime?
132.
by initplus 4y ago
The missing L3 cache is interesting, I can only assume that it's another sacrifice made for power optimisation. Maybe their perf metrics showed disabling L3 provided a worthwhile power/perf tradeoff?
133.
by initplus 4y ago
Right, what parent called "expressiveness" is probably more accurately described as "flexibility". And flexibility is not always a good thing.
134.
by initplus 4y ago
But the purity is implicit. Nothing will stop you from refactoring add into an impure function. As a programmer you have to maintain this mentally by remembering which types are pass by value and which are pass by reference.
135.
by initplus 4y ago
I feel like this doesn't make sense because mainstream functional languages all provide a way to express imperative code. In Haskell you can write an entire application using IO/do blocks and it will be completely imperative. In f
136.
by initplus 4y ago
Any programming language represents limitations placed on the underlying expressiveness of the hardware. By this argument raw x86 asm is "more expressive" than any higher level language. The whole point of a programming language i
137.
by initplus 4y ago
F# is a great language, but it somewhat waters down its strengths to bolt it to a giant hulking lump of C++ full of mutable state. Interacting with an impure api means throwing out many of the advantages of (mostly) pure programming.
138.
by initplus 4y ago
American Virologists feared that their field would be blamed for the pandemic, and used motivated reasoning to convince themselves that the field could not be responsible for the pandemic. And the US was gripped by Trumpism, so anything in
139.
by initplus 4y ago
The circumstances that make the theory unfalsifiable (lack of transparency/controls in Chinese biological research) are the issue here. Due to the lack of transparency we will likely never have definitive proof for the origin one way o
140.
by initplus 4y ago
Even outside the context of refactoring/extending an existing codebase the code examples seem bad, look at his example of a prime generator from the bottom of the article. Think it’s more a case of “your own sh*t doesn’t smell”.
141.
by initplus 4y ago
You could overload operators like + and / so they evaluate to an AST representing the calculation rather than the actual calculated value. Then you need to do some analysis on your AST to try and restructure it in a way that preserves
142.
by initplus 4y ago
The correct solution is to use an isochrone rather than a basic radius search. Or to simply sort all the shores within the max search radius using a vehicle routing library/api.
143.
by initplus 4y ago
Exactly. This seems analogous to Apple demanding 30% of the bank fees I pay because I use my bank's app.
144.
by initplus 4y ago
Sure, but this is a way that sports betting is less like gambling and more like legitimate risk management for some businesses.
145.
by initplus 4y ago
I have a hard time taking this seriously, it's the objections of one individual who seems to be seeing ulterior motives behind WASI... I don't think their objections are really as strong as they make out. Big red "In violatio
146.
by initplus 4y ago
There is no real market participant who could benefit from hedging in sports betting. Only sports betting operators themselves, and the teams (who are legally forbidden from participating in betting). But in a commodity market there are rea
147.
by initplus 4y ago
The alternative isn't SBF keeping the funds. It's the funds going through the US bankruptcy proceedings alongside the rest of FTX's assets. SBF chose to operate out of the Bahamas because of their lax legal structure. The fac
148.
by initplus 4y ago
I believe the Bahaman incorporated entity is "FTX Digital Markets Ltd" https://bfsb-bahamas.com/providers/name/ftx-digital-markets-... This is the entity (alongside the physical presence of SBF) by which
149.
by initplus 4y ago
FTX chose to file for bankruptcy in America. There is a jurisdictional dispute between the US and the Bahamian court over where the bankruptcy proceedings should take place. In my view FTX chose to incorporate in the Bahama's for a rea
150.
by initplus 4y ago
Europe doesn't have a large scale crypto mining industry. Energy prices aren't competitive enough there for it to be viable. Europe's hashrate could disappear overnight and barely anyone would notice.

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