Viewing profile — thebean11

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 anyw…

> 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…

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 for treasuries is generally considered I just looked it up, Circle says they only hold treasures that mature in months , so yeah I think even 6.5% is a massive overestim…

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 becomi…

> 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.…

Short term US treasuries specifically. They are pretty insensitive to interest rate changes since they are close to maturity.

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. Ha…

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 adju…

> 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 …

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 thoug…

Most companies the size of MS, yeah

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 w…

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 seq…

A mix of tech and broad (global) stock ETFs

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 examp…

Can you be more specific then about what we're discussing, if it's not "ban things that the 10% is addicted to"?

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.

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 w…

> 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 hav…

Like most things, it's pretty obviously not black and white.

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…

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 enoug…

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 t…

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…