Viewing profile — colinmhayes

What happens when the person withdraws the million dollars? The bank only has 100k.

They’re probably selling every unit at a loss. A big part of the Amazon smart home stuff also has to be the data it collects and the way it integrates with ordering off the retail …

1,500,000 includes all the hourly workers but my understanding is that the 10,000 is corporate. Still only 3% of corporate workers which is less than they pip every year

But no one knew ftx had written the shitty loans until last week. You can speculate that he was risking billions in depositor funds but there wasn’t really any evidence.

Read levines last newsletter. He goes over how your interpretation of what was said is wrong. In fact he says he came out of that podcast bullish on SBF and ftx.

The bank only has 100k though. They can’t loan out 1m because they don’t have 1m to give out.

FTX was never doing a ponzi. All the threads are about how everyone was ok with SBF ponzi’ing because the money went to a good cause but that’s just not the case. EA proponents tho…

The reality is most people don’t give a shit about animal welfare and unfortunately a huge percentage of the population would have no problem eating tortured meat if it was a bit c…

The government is losing money on I bonds

Most EA’s are just donating to givewell(global health and poverty). The long termists are a small portion of the movement and ai safety even smaller.

Eventually the other bank will ask for settlement. Maybe it’s because you owe them a billion dollars and they have a liquidity crisis. Whatever the reason is, you can’t just go on …

You are wrong. Without existing deposits the bank has no money to loan out. They can write numbers on screens, but eventually the money they loaned out will be transferred and the …

Not before giving away hundreds of millions of dollars

Obviously not op, but it sounds like the issue is that the cure makes you sick in the short term which requires expensive care. If the sickness is inherent to the solution it’s har…

breaking a law is not an uncivilized act. Everyone breaks laws all the time

Well he's in the bahamas, not the US.

He wasn’t, he was just loaning them to his other company.

The entire point of FTX is that Americans were barred from using it. Now Americans certainly ignored that rule by using vpn’s, but I’m not sure that gives the sec jurisdiction. The…

So my understanding is that alameda needed more capital to fund its operations that had a track record of success, so sbf created ftx and gave customer assets to alameda to invest.…

Bill hwang didn’t even take investor money. How did you come to the conclusion that his behavior was ponzi adjacent?

Gas exploration is way down. No gas production won't stop, but supply growth seems to be completely stalled while demand is not due to developing countries continuing to get richer…

You're just talking about different time frames. Yearly inflation can be positive and prices can also be lower than they were last month. Ergo prices are going down but inflation s…

08-20 money supply tripled but no inflation.