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If the bank has 1M deposits, its net assets are 0. It has 1M is cash and has 1M in liabilities to depositors. If the bank loans out 900K, then it still has 0 net assets. It has 1M …

Fractional reserve banking lends out deposits. This creates risk, but the net assets on the books remain the same (actually assets increase due to interest). With USDT, they may ha…

Ah yes, ultimatums always boost morale when the stock is down over 70%. Attrition is likely to be an issue.

To me, "nanocules" sound like small molecules, which is the opposite of a protein.

Aren't proteins basically tiny mechanical machinery?

It would be easy to falsify this evidence with a natural ancestor to Covid-19.

Can these clone passive RFID dongles? My building uses them and they charge $60 for a copy. Not needing to buy a copy from my building would almost cover the cost of this device.

The price may also decline just because borrowing is more expensive. The difference between 2 and 6 percent interest is huge.

One way I could see this being cool is to drastically cut down the training time of some specific task. DeepMind's model can do a lot of things, but none particularly well. It woul…

Production has resumed: https://twitter.com/terra_money/status/1524812171179327488

Does it really suck? His leave is getting paid and he's getting severance, which is essentially more paid leave. He can spend more time with his child. He might actually find it pr…

Ok, here are the facts from the link: 1) Peter Daszak, president of EcoHealth Alliance, was involved with viral research at the WIV. He received a grant from the NIH titled "Unders…

Quantum computers were theorized in 1980, and there still isn't even a basic prototype. 18 years later, the first 2-qubit quantum computer was built. There still isn't anything usa…

> Uh, thanks for the link, but better if you'd just spell it out so it can be examined and responded to here. I'm not going to respond to a link. If you don't want to spend even a …

This article covers a lot of the circumstantial evidence supporting a lab leak: https://www.vanityfair.com/news/2022/03/the-virus-hunting-no... There basically is no evidence of a …

What’s wrong with using a single canvas? It can be faster. Google Docs and Figma, for example, use canvas rendering

Maybe we're discussing different things. I was responding to the claim that higher taxes doesn't cause people to move. Just because high earners live in NYC doesn't mean that there…

It's easy to hate on SPACs. The duds brought to market were numerous. However, it was refreshing to see some new companies go public, which briefly reversed the trend of companies …

You can use arrays, but if you want to maintain the Elm-like model of before and after states, then you need to explicitly copy the array into the new state rather than rely on Go …

Middle-sized companies usually pay dividends because that’s how the profit is moved from the business to the owners. Unlike many public companies that focus on stock growth as the …

One thing that I like about this is the implementation of returning state from the Update function. My only experience with Elm-style architecture is with react / redux which invol…

Sure NYC has certain desirable aspects. Seattle has a different set (e.g. way better nature). The point isn’t to compare the cities to find the absolute best. Rather, the question …

Assuming an algorithmic stable coin could work reliably, wouldn’t it be strictly better than a stable coin backed by fiat? Getting it to work seems like it would be a real innovati…

How many recessions happen when a bunch of people think a recession will happen tomorrow? The Fed is trying to reduce inflation. It seems like they’ve done a pretty good job of doi…