Viewing profile — EugeneG

This is where Codex 5.5 just feels practically better. It’s fast, thoughtful and just works. It feels like a pleasure compared to Opus/Fable’s endless explorations.

The stock market (and in particular the US stock market) has been an incredibly positive influence on the average American's 401k... Great driver of allowing Americans and beyond t…

Reminds me of this... During Apple's 1980 Initial Public Offering (IPO), Massachusetts regulators banned residents from purchasing the stock. The state's securities regulators deem…

“properties get leveraged, instrumentalized, and securitized, with derivative products, speculation, and all sorts of incentives” Spoken like someone has no clue what they are talk…

In theory what they are doing of value, is that at any time you can go to an exchange and say "I want to buy x" or "I want to sell y" and someone will buy it from you our sell it f…

Tries to fire, but he doesn’t have the legal authority to fire

Don’t ever pee in the ocean … to avoid accelerating global warming

You don’t have to spend your savings on trinkets. If a company wants to expand and build a new factory (say to provide more, cheaper pharmaceuticals to more people), it needs capit…

I kind of agree. Money (e.g. the dollar) only has value because (1) we implicitly agreed as a society to have faith that it can be accepted by others for goods and services (2) the…

Financial derivatives like a call option have a value derived from a stock (which is a real thing that gives real world legal claims on actual assets/profits). So it’s still not li…

Stocks and crypto are fundamentally different. Stocks give you a legal right to the assets and future profits of a company - a legal right enforced by the government (i.e. men with…

Which is why the pro-Trump tech folks are playing with fire. Exchanging potentially faster approvals/lower regulation for favored projects, for an environment where rule of law and…

After Russian invasion of Ukraine, Germany said it permanently won’t support the opening of Nord Stream 2. NS2 has been Putin’s number one priority for opening so he could deliver …

I believe the accurate answer here is twofold: - money is perpetually not supposed to be a great perpetual store of value relative to goods and services. Government policy aims for…

That’s obviously true. And once you accept that then the whole premise behind crypto is gone - if centralization is the only way to make it work, then traditional banking is prefer…

Yeah there will be a spread, won’t go from LIBOR+0 to SOFR+0, but to SOFR+0.20% for example

Yeah I think there’s a difference in cardio fitness between people who do 10000 and 17000. Less fitness makes the latter more difficult.

In other words, people who can’t walk or can barely walk are likely not that healthy - is probably a more intuitive theory than walking causes better health.

The question is can you really make it simultaneously cheap to trade and decentralized and always on. Or is the overhead of all that just make blockchain tech very awkward and subo…

Yep. Blockchain says I own this case of wine... but the other guy wont give me my wine! Who do I call? The physical, centralized police and the centralized legal system that back i…

Tether isn’t some new innovation that is it’s own animal. We know what to compare it to. The right comparison isn’t “the US Dollar.” The right comparison is money market funds - th…

What do you use it for other than investing?

Impressive.

The guy is 65, has a net worth of $2bn. I genuinely don't think he gives a crap about bad mouthing bitcoin to save himself. He's won the game. At this point he's just trying to be …