thebean11

6 ms·

1.
by thebean11 4y ago
For a 3 month treasury the drop will be tiny, like less than 1% tiny. It's would be easy to cover during a "bank run" given that (a) they hold some portion of deposits in cash anyway and (b) they've been earning interest
2.
by thebean11 4y ago
> Our financial system knows what to do with that situation. It is outlined in https://www.fdic.gov/consumers/banking/facts/payment.html . SBNY gets shut down, a new bank buys them, and depositors with acco
3.
by thebean11 4y ago
haha, ok, so now we're just quibbling over the definition of short term instead of discussing the concrete question of how volatile USDC's treasuries are? Just replace instances of "short term" with <= 3 months, now a
4.
by thebean11 4y ago
Short term for treasuries is generally considered <= 1 year, BSV is only 1 to 5 years. I just looked it up, Circle says they only hold treasures that mature in <= 3 months , so yeah I think even 6.5% is a massive overestimate to how
5.
by thebean11 4y ago
That's about as useful as pointing to some equally unrelated thing that did turn around. The truth is nobody here knows either way, and if you did you'd be in the process of becoming very wealthy on that knowledge. Let me make a w
6.
by thebean11 4y ago
> That's worth much much less than the current 1-month US Treasuries that are available It's not 10% less, or anywhere close to it. You are only missing out on roughly (1/12) * (0.0113 - 0.0036) * (treasury amount) vs a 1
7.
by thebean11 4y ago
Short term US treasuries specifically. They are pretty insensitive to interest rate changes since they are close to maturity.
8.
by thebean11 4y ago
Tether was not a small player in 2017, not sure if you remember but people were already sounding the alarm bells about it. Obviously it's bigger now, but so is the whole market. Having USDC to compete with USDT puts things in a less ri
9.
by thebean11 4y ago
Since they are short term the dollar amount wouldn't change much, even with big swings in interest rates. USDC is also tied to the dollar value (not inflation or interest rate adjusted) so I don't see how this could happen
10.
by thebean11 4y ago
> That's why you have FDIC insurance to cover the time period between say, a 30 day treasury and the worst case bank run. Well, usually banks use your money for much riskier loans (business loans, personal loans, mortgages) which is
11.
by thebean11 4y ago
USDC claims to have the entirety of it in short term US treasuries. I don't know enough about banking to understanding whether the evidence in the article conflicts with that though. > If you have any money left in crypto at this po
12.
by thebean11 4y ago
Most companies the size of MS, yeah
13.
by thebean11 4y ago
Yeah that's fair. Like I alluded to in a sibling comment thread, though, I think doing the same thing for food is pretty dangerous given our still pretty limited understanding of what foods are actually bad for you. Eggs are still osci
14.
by thebean11 4y ago
I’m not a libertarian at all, I think taxes should be pretty high and there should be universal healthcare. Pretty silly I need to say that, though, and bringing it up is a non sequitur. I’m curious, do you think most non libertarians would
15.
by thebean11 4y ago
A mix of tech and broad (global) stock ETFs
16.
by thebean11 4y ago
20 years ago the sugar lobby told everyone that sugar was good and fat was bad. I'm all for banning specific ingredients and processes that are known poisonous (like BPAs for example are banned in many countries, deservedly) but unilat
17.
by thebean11 4y ago
Can you be more specific then about what we're discussing, if it's not "ban things that the 10% is addicted to"?
18.
by thebean11 4y ago
Of course it's easy to cherry pick in hindsight. But we're talking about people with cash right now, they are investing at current valuations not valuations from 6 months ago.
19.
by thebean11 4y ago
Sure let's say it's 10%, is the conclusion you draw from that that free will doesn't exist? Do 100% of people need to give up the freedom of choice to lower that figure? Not sure what you're getting at about elections, a
20.
by thebean11 4y ago
> Only a minority of people can withstand an onslaught... Is that true? Most people aren't addicted to anything let alone social media..I really don't buy the claim that people have literally no control over their actions. What
21.
by thebean11 4y ago
Like most things, it's pretty obviously not black and white.
22.
by thebean11 4y ago
The RAM usage on Mac is a little misleading I think. If you have lots of free RAM it will aggressively start caching stuff that could easily be offloaded if memory pressure were to increase.
23.
by thebean11 4y ago
What about JetBrains IDEs though? What if I want to run some one-off script on my local terminal that's interacting with source code files? Emacs and vim plugins don't go far enough IMO, it needs to fully support the local filesys
24.
by thebean11 4y ago
Prettier / linter can just be run in a git hook and verified in a GitHub action / CD step though. Prettier config should be committed to the repo itself, then let devs decide how they want to apply it to their workflow (and preven
25.
by thebean11 4y ago
The "run the whole dev environment in the cloud" part actually sounds pretty nice. 10 seconds to have everything running?? And I assume you can switch between multiple environments you have saved, tied to branches? That's pre
26.
by thebean11 4y ago
Are you arguing that there's zero biological programming specific to children or blood relatives?
27.
by thebean11 4y ago
Isn't USBC more fragile because of the middle piece that lives in the port? Lightning has always felt sturdier to me, though not enough to warrant carrying different types of cables..
28.
by thebean11 4y ago
By default yeah, you need to disable that gesture (or set it to 4 fingers) and then enable 3 finger drag in accessibility settings under trackpad. Aside from 3 finger drag though these are all in the normal trackpad settings, it's pret
29.
by thebean11 4y ago
Have you tried 3 finger drag? So much nicer than needing to apply pressure.
30.
by thebean11 4y ago
Is the M2 faster than the M1 Pro/Max? They didn't do a direct comparison, but it's only 20% better than the original M1. I bet the pro/max still perform better.

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