Viewing profile — poof131

Mostly a history lesson. The reality is fighters are missile trucks these days and the F-15 is a great missile truck with a dozen amraam. Drones and missiles are the future of conv…

I think the drone war is getting off the charts. 300,000 per month!?! [1] This will definitely have impacts in the coming decade both in war and terror/counter-terror applications.…

I want missile trucks. That launch from submarines. Can carry AMRAAM, SLAM, JSOW, etc. Can land in the water and be recovered by the submarine and launched for more missile truck m…

I believe that the minimum wage should be commensurate with the cost of living in a particular area. Similar to the military's Basic Allowance for Housing (BAH) and Subsistence (BA…

Regulatory arbitrage in Web3 seems to be coming to and end. My assumption is 1) If your contract is upgradeable it isn’t decentralized. Might as well be hosting on EC2. 2) If a mul…

So "consumers" are always said to "pay" as companies "pass through" increased costs due to goods, regulations, etc., but that doesn't apply here to all the taxpayers who use bankin…

Most definitely. SVB had $3B+ of Circle’s deposits for USDC. Just covered dollar for dollar by the US Taxpayers. Can sell all those underwater bonds at face value while the taxpaye…

Exactly. Circle and USDC are essentially a bank themselves, and those deposits were just guaranteed. Risk free return.

Confidence in property rights? Not sure what you are talking about. They just provided guaranteed non-negative returns on loans. Put your dollars in a safety deposit box if you wan…

The part that annoys me the most is the idea that all the depositors are mom and pop small businesses or early stage startups. I’ve heard it said that Circle and USDC have an amazi…

What I find most disingenuous in this whole saga is the conflating of small business payroll depositors with all depositors. Circle & USDC rely on the interest rate earned on the s…

Disagree. Figma should be competing with Adobe on the open market and winning. Seeing them displace CC in the enterprise in ways Sketch never did. $2-3B would be an insane propelle…

I wonder if it’s TikTok vs ByteDance. From my friend at the former, they are growing rapidly and understaffed vs the teams in China which are bloated and looking for projects. Also…

You miss a big piece. These cities all allow new office spaces and thereby new jobs, since that brings in tax revenue. They just don’t allow new housing, so people pay astronomical…

So glad to see this. Military IT has been atrocious. I viewed the Navy Marine Corp Internet (NMCI) as damn near treasonous levels of awful when I got out a decade ago and assumed l…

In the F/A-18 we had a selector that you could set to "both" or "rear only" exactly for this type of scenario. Qualified NFO in the backseat, you want both, and I know people who's…

If able, perhaps focus on your earning potential. We’ve had a forty-year run of asset price inflation relative to wage inflation. We may have hit the end of this period and will se…

My biggest concern with that article is some of the assumptions, such as most the warheads will go after random army bases in unpopulated areas. I feel like that is a very “convent…

I don’t get the “appeal to authority”? His analysis is some of the best I’ve read and seems to layout the two options the west has: nuclear war or cold war. I hope your outcome is …

A few months ago I agreed with her entirely. Tether is an unbacked fraud and NFTs are being front-run [1, 2]. The mid-level marketing Ponzi vibe is crazy. The latency of applicatio…

The rampant cynicism regarding corporations is increasingly unhelpful. We’ve had forty years of hands off antitrust regulation and enforcement. We’ve had a bifurcating justice syst…

It amazes me that the consumer welfare standard has become so ingrained in legal antitrust. How is a company town, feudalism, or even slavery not the purest endgame of this logic? …

You are on a bad team it seems. I wouldn’t blame your teammates and look at how you got there. They are probably better than you realize but motivation can play a huge role in inte…

Having spent a decade involved with the military, both big (as a Navy fighter pilot) and small (a tour in Baghdad assisting special forces), I’m disgusted by the waste, destructive…

“Giving away their vaccine” is the straw man. There is a huge range between free and maximum profits. I’m not arguing that they shouldn’t be incentivized with a profit, the questio…