skysight-inc/HackerNews huggingface dataset:
TLDR: ~ 7% of Tether is in risk-free, short-term, liquid assets. The other 93% may very well be dog shit wrapped in cat shit.

Some additional good reading https://www.mymoneyblog.com/tether-stablecoin-risk.html
They have forbidden crypto mining on their cloud services (i.e. shared cpu hardware) since it started, but until recently they allowed it on dedicated servers. Stopping it now seems to be a result of Chia having a real impact on their equipment availability and longevity. Chia has apparently also driven up the street price of large HDD's by a significant amount, 30% according to a forum post I saw.
My bank went tits up in 2008 and I didn’t miss a beat. I eventually got atm cards and checks with a new logo.
Zoom is based in downtown San Jose.
This is accurate. I just followed up with a fire fighting friend. He said it’s about 70/30 medical to fire/other emergency.
> real cash flows

you keep using that word...
Ancient Arabic and bad reviews: Users hit back against Facebook censorship
Why sad? I thought it was rather inspiring.
> Internet Explorer 11 desktop application will be retired ... on ...

Woo. And, indeed, hoo.

> for certain versions of Windows 10

Ah. And there begineth the weasle words. I'm guessing there will be significant organisations in finance/wealth management (our general area) and other industries that will still demand IE11 support for some time after that date.

I think first a combination of our move towards "more smaller clients, not being beholden to a few large ones", the reducing budgets if those big clients, and the fact the others are more up-to-date, will mean we'll be able to say "Support IE11 or will go elsewhere? OK then, see you around." long before IE11 really exits the industry. Whether the company will have the balls to go through with that, is something I'll find out in future, but I'm allowing myself a little hope.
Lets be real it was abortion

https://freakonomics.com/podcast/abortion/

https://freakonomics.com/2005/05/15/abortion-and-crime-who-s...
If ownership is determined by what is on the blockchain, and the blockchain says I own it, then clearly I didn't steal it. Either that, or the blockchain isn't reality, and I did steal the Mona Lisa, in which case what's the point?
Elon Musk and SNL: Scammers Steal over $10M in Fake Giveaways
But there doesn't seem to be much evidence that tether is printing USDT, only a history of them losing people's deposits due to random banking related issues.
Human interface device innovation is such a cool field to see things come out of. Everything from very real accessibility advances to purely fun concepts are so interesting to me. It’s fun to think about there being some undiscovered setup that just 10x’s your output— maybe it uses brainwaves, your eyebrow movements, a clutch, or all/none of the above!
This event was really overhyped. Most of what they accessed were FTP servers containing publicly-available scientific data. I think in some cases researchers had been sloppy about uploading files containing personal emails and so forth, but it's not like the "hackers" breached some system that was intended to be secure.

Fermilab only does pure science. Nothing there is secret or classified, and anyone who shows a driver's license can walk into the lab.
Indeed, the UI is all gray if the wallpaper is black: https://twitter.com/kdrag0n/status/1385003175501963266
> because it'll get corporations to replace the actual IE11 executable with the Edge executable.

I’m probably just cynical, but nothing caused corporations to get rid of IE11 before, and nothing will now.

Working on an enterprise b2b web app, I’m going to have to support IE11 indefinitely.
I doubt anyone will be actively maintaining it once it gets implemented as a rendering engine in Edge. It will probably be implemented including the existing bugs as issues and remain unchanged until it's late retirement date. Kind of what happened with flash player.
Imagine we own a company, I own 20 stocks, you own 10 stocks. I unilaterally decide to print 10 more stocks and give them to myself. Do you have the same amount of stocks? Yea, but in real terms now you have less stocks. The same thing with money. It doesn’t matter how much money you have, what matters is how much you have it relative to others.
$20m and $1b is a significant difference.
As the saying goes "the market can remain irrational longer than you can remain solvent" !
Agreed, how amazing would it be to see that on all articles!

I’d like to think that even if I really disagreed with the article, I’d still appreciate the disclosure, but might just use it for fuel to ignore the content. IDK.
> the other is a weird misleading way to rent to people.

There's nothing weird or misleading about it, and it's got zero to do with renting.

It's simply like a real estate broker commission, gallery commission, or whatever.

The concept of a commission has existed for a long, long, long time.
The peg broke because during times when the market is extremely volatile:

1. Exchange deposits/withdrawals are slower and more expensive because of ethereum network congestion

2. Other assets have larger price disparities across exchanges

Because of this reason, arbitrageurs have better pairs to arbitrage with their assets during these busy times. Why make 10% on usd/usdt when you can make 15/30% on eth or altcoin price dislocations across exchanges?
If we drop NYC we lose the easy TV show example, but I would still maintain that nobody young was moving to places like Midtown Atlanta or downtown Austin in the early 2000s just because they were priced out of the suburbs. Places were already "pay for the privilege of living somewhere denser and walkable" by that point.
Population decline was greater in 2018 and 2019 than 2020.

Even then it was tenths of a percent.

Are sure “exodus” is the right word?
> everyone accepts them

You and I have very different ideas of what "everyone" means. USDT is not even accepted by everyone that deals with crypto, even less if you actually start thinking about the financial institutions that are looking into crypto, and the amount of people who would take USDT is infinitesimally small compared to those that would accept greenbacks in a regular transaction.

USDT is only accepted at shady exchanges that couldn't find a banking partner and their ignorant/SOL users who were forced or "incentivized" into taking USDT for a premium.
LOL most of those read like scammers who got caught in delayed fraud review.

The way it works at most payment processors: since an awful lot of people churn / decide to do something else / don't sell anything, they'll let most anybody sign up and start integrating, accept a few payments, and THEN have a human do the detailed account review.

This avoids wasting time reviewing accounts that won't ever process a payment - but it also produces irate fraudsters, who went to all the trouble of integrating only to have all their payments reversed to the customers.
No offense meant, but if you are surprised about the existence of Scrum Masters, then that interviewer is not at all wrong for wondering if you have enough Scrum experience.
>Would you agree that "outflows are only possible because the inflows are big enough so that the new investors can cover the payouts for the old investors until eventually the bubble gets big enough" is a hallmark of a Ponzi scheme?

that describes most speculative bubbles.
I couldn't be bothered to read your post so I took it upon myself to write a blog post I like to call "Self-awareness and the meta-meta-creator ceiling"
Darn, I was hoping it would be an actual squeezebox (accordion).

I've been fooling around with making a MIDI input device sort of like an acccordion [1], but I'm still figuring out what I might do for expression instead of a bellows.

[1] https://github.com/skybrian/accordionsynth
What neighborhoods? Downtown is pretty quiet.
If you're trying to limit your exposure to different technologies, then I think Elixir is a great choice.

If you're going all in on cloud, microservices, and managed services, then - outside some specific problems - I'm not sure if Elixir is any better of a choice than other language. I personally like immutability+FP but that feels a bit subjective.

But I've worked at small companies for most of my career, and it's my (obviously subjective) opinion that Elixir will let you build a better system if you don't have the luxury of using the "right tool for each task".
> I can tell you great stories about every project I've ever done, but not in a bullet point.

If you can figure out some way to distill an important project down to a point or two, it's definitely going to work in your favor. A resume is not the place for great stories but it should make me want to ask.

I agree with your last sentence, although I don't think you will find anybody wanting a long resume from you. You could always provide a link to your online CV that is complete while the one you submit is an edited down version tailored to the company and position you hope to interview for.
Hello friends, I created a startup project to get jobs for people with mental disabilities, with him I was able to be interviewed by two of the largest universities in the world, I am striving to improve my English, the project is constantly updated, if you are interested https://bit.ly/3oFyJ63,Instagram: vitorfebraga
I have a version of myself aged in their twenties and working in web development that really wants to stab anyone believing that IE6 was the best browser.

I won't argue that it wasn't decent at launch, but MS kept support for that browser around way too long and failed to actually roll out support for new features that customers desired. I believe it was the era of IE6 specifically that led to the proliferation of top-right-corner.jpg which was an absolute abomination.
The evidence is that - by their own numbers - they would've needed to buy 1% of all commercial paper in existence in a one month period.

It just didn't happen.

I will add that the problem is roughly 2x worse. Tether is only ~60% of the stablecoin market: https://coinmarketcap.com/view/stablecoin/
That's what I was expecting as well. Guessing that "connector" an industry term that I'm just not aware of. Seems like some pre-made adapter patterns for ETL's from browsing the docs.
Bitcoin is a ponzi in the classic sense though. There is no underlying value and the price only goes up if more people buy in. A lot of people see the parallels: https://www.cnbc.com/2021/04/23/bitcoin-a-gimmick-and-resemb...
Tesla is a company that creates products; that has intrinsic value. Could it all go belly-up? Of course. But the value isn't just invented whole-cloth "just because someone said so".
No you haven't.

Where? How? People have posted bounties for anyone able to show demonstrable proof that they've successfully had Tether exchange their USDT for USD. No-one has claimed them.

Last I saw, two things, 1) Tether's TOC said they had no obligation to redeem, and 2) in the hypothetical event you wished to, it was an onerous situation requiring holdings of six digits, being non-US, and requiring "90-180 days" of processing time.
maybe off-topic but: interesting how any cryptocurrencies discussion have tons of comments repeating the same (flawed imo) arguments, while the older ones are both downvoted and argued against, but new ones keep popping up.

look anywhere in this thread. there will be a comment 1h ago, and 4+ others further down with the exact same argument both downvoted and with a few dozen replies explaining why the argument is bogus. You might need to enable the option to see dead comments to get the full picture.
The reason I'll never use an ergonomic/split keyboard is that I never formally learned to type. I can type at a reasonable speed, but I have no "home row" or anything; much less do I keep one hand confined to each side of the keyboard.

I learned by hunting-and-pecking until I could do it with multiple fingers and mostly without looking. This means I can type at 50% speed with one hand, but it also means I would feel extremely uncomfortable if one hand couldn't easily reach across the median, because there's no one particular way that I reach for any given key

I'm curious how common this is?
That's like a scene in some old TV series about a startup I only vaguely remember. It's important demo day, but a bug is threatening to ruin everything. Everybody is trying to find the bug. Somebody yells out "I found it!" and everybody rushes over. For a long moment, they all stare quietly at a big red flashing line of code on the screen. Then somebody blurts out "delete it!" and the person at the keyboard deletes the bug with a single keystroke. Everybody cheers. The startup is saved!
"The dollar is the reserve currency of most of the world because of the explicit threat of violence. This isn't hyperbole, this is reality."

This is mostly a conspiracy theory.

And this: "It's simple. You take the loan in dollars, then pay us back in goods, sold at a discount in dollars. If you don't, we sanction and embargo you. "

Is essentially not true in any broad sense.

Also, there is no such thing as a 'world reserve currency'.

The US does use some leverage to require that Oil is traded in USD, particularly with Saudi Arabia, but that's the price of effectively keeping that nation relatively stable, which is not unreasonable.

Outside of Oil, there's really no reason for any nation to transact in USD or to keep reserves other than for what makes sense to them.

Oil is a key issue in the equation, but it's not actually essential.

The USD is mostly a reserve currency because of the size, openness, and relatively integrity of the US system.

The Euro is definitely a 'reserve currency' along with UK pound, but proportionally so.

The RMB isn't really a reserve currency because of lack of transparency in China, that said, the sheer power of China means that nations that trade with it will adopt it as a reserve on some level.

Cryptos unfortunately don't really solve the problems in this geopolitical equation.

But someday, they may help to.
That is not at all the definition of a ponzi scheme. That's at best a single attribute of a ponzi scheme.
> Are my black bordered cards indeed Beta?

https://old.reddit.com/r/magicTCG/comments/bsvg6h/an_updated... is the best way for you to answer "what set is this Magic card from?"
Hello friends, I created a startup project to get jobs for people with mental disabilities, with him I was able to be interviewed by two of the largest universities in the world, I am striving to improve my English, the project is constantly updated, if you are interested https : //bit.ly/3oFyJ63, Instagram: vitorfebraga
While I wouldn't want to do it, if you've been working on that codebase for years and you're no longer young and fired up about always going for the latest things, it could be a good way to sunset your career. A guaranteed position using technology you understand rather than being thrown out into the job market, struggling to get up to date on the latest programming fads so you can compete with people half your age, would be nice for many.
Not sure why this is being downvoted. Also, gemini is FDIC is insured as well. https://www.gemini.com/legal/user-agreement#section-fdic-ins...
It’s entirely different, because you are transacting in the same currency without an exchange mechanism required.

This is important in days like today, where a coffee would cost more in BTC this evening than it would have this morning - how do I know how many BTC I have spent without referring to the current market price in USD and calculating it?
Not the OP, but while I was living in SF I saw drugs sold on the street, needles left on the ground in public parks, people stealing registration stickers off license plates, smashed car windows, people blocking sidewalks and harassing pedestrians, ridiculously unsafe driving (e.g. running reds including cops, ppl cutting across three lanes to make a left from the right lane, etc), guests who visited me were flashed by randos, a dude was jerking into a newspaper box by the BART, neighbors would smoke inside nonsmoking apartments with shared ventilation, etc.

I'd move back again for work if I have to, but it would take a lot of $$$$ to convince me.
F in the chat for IE 11

we will miss you

the last (worthy) MS browser; it is gonna die
It takes the average person 1-2 weeks to setup a Shopify site, and then you have to upload all of your listings to Shopify manually which is time-consuming. We realized that these sellers' Instagram posts are essentially product listings because they feature a picture, the item name, price, & details so instead of the seller having to upload every new item onto Shopify, they can setup and update their Thryft site with all of their product listings in <1min. We're specifically focused on sellers who are already doing the process of posting on IG to engage with their customers and grow their business. If you're @abitchforbrandy specifically, you're selling thrifted clothing so every item is unique and that creates an even bigger pain point when it comes to updating your Shopify site with constantly-changing inventory. Also, we realized that the sellers we're targeting don't necessarily need all of Shopify's customization - they just need a platform to facilitate the checkout. This article from Forerunner is a great illustration of this: https://medium.com/forerunner-insights/the-next-revolution-i...
Since we’re talking about the collective resource of money shouldn’t we move past the reductive risk based assessment? And I’m not talking about the Fed here, they don’t create money. Banks do, and they do a strictly a risk based calculation. Hence the situation that we are now where most money is chasing other financial products.

Btw, I don’t think there’s a simple solution here, and banks aren’t necessarily to blame here. They’re merely reacting to the incentive structure. To solve the problem we need deep structural changes in how we view economics. I’m one of those people that like aspects of both MMT and crypto assets.

Addition: since my comment is a bit too light on practical solutions, I think we should have a decentralized way in which local communities can direct money creation towards productive long term projects that help that community. And the same can be done at the federal level for very big projects (rockets, dams, infrastructure etc)
It's probably a bit harder at Twitter's unique scale. They have an incredibly high throughput of new posts and a large portion of these posts include between 1-4 images that need cropping.
Ask HN: What tools did you use to create the server for your multiplayer game?
I've been looking to create a server-authoritative multiplayer browser game, and as a primarily frontend dev I have been having a TON of trouble finding a good option to build the backend with. Nakama's server-authoritative features seem really limited and only support Lua/Go, and to be honest I can't find any decent alternatives.

What did you use?
Not sure why you’re downvoted
I added foot pedals to the keyboard I built so I could do hold/tap modifiers with my feet. They were command and shift on hold, enter and tab on tap. I imagine you'd want one to be control for emacs. The problem is if you can't type right now I'm not sure you can solder. Sorry friend.
The job title is generally called Technology Specialist, Patent Technology Specialist, or something similar. Here's an overview from one firm: https://www.wolfgreenfield.com/careers/technology-specialist...

My experience was a while ago, but having actual work experience and an EE degree made me VERY employable. My firm had about 25 people in this role, and only two of us had work experience, and I was the ONLY one with a degree in something other than bio or chem. The world has changed a bit since then, so YMMV.

With an Engineering degree (CS doesn't count), you'd also be eligible to sit for the Patent Bar and become a registered Patent Agent as well. As for the job itself, it's helping the patent attorneys understand inventions, search for prior art, draft the patents and claims, etc.

It's not a very team oriented job, which is why I left. I did have my own office with a great view and a secretary (patent secretary is a well-paid, specialized job), which was nice.
Again you are confusing the word "scam" with ponzi scheme. You are arguing that the crypto ecosystem is a scam or a scheme. Nothing you go on to describe past there has a resemblance to the specific type of scheme called a Ponzi scheme.
That is for USD only though, only deposits in USD are insured and only on bank failures.

Anything in a coin, even a stablecoin like Tether, USDC, DAI etc is not USD. Stablecoins really are not as "stable" as USD for the insurance reason. They are merely pegged to the USD.

Coinbase and Binance are not SPIC insured which covers some securities but not losses, only situations where the exchange, or bank, fails much like with FDIC.

Most brokerages are both FDIC for USD deposits, and then SPIC for deposits and some securities, not on losses on the market though [1]. Robinhood I believe is only SPIC still [2], but most brokerages are FDIC AND SPIC insured.

FDIC is backed by the US treasury. SPIC is a private company ultimately and not as backed as FDIC but it is the main securities insurance most brokerages use.

Tether is like an individual stock though, even if Coinbase, Binance or other exchanges had SPIC insurance, if Tether (USDT) fails it would be like a stock failing, there would be no insurance even then. The insurance is really at the bank/exchange level if they are insolvent or have no reserves/capital.

Side note: A good use of stablecoins is buying into that stablecoin and then converting to other coins you want, that minimizes fees but keeps tax hit at 1-to-1 since they are pegged to the USD, makes all the cost basis and other accounting easier. A common technique is buying into USDC or DAI and then converting to other coin to reduce purchase fees. Stablecoins are also a "home base" or refuge when the market is falling without going back to USD fully, that is why volume of USDC, DAI, and USDT is so immense right now.

[1] https://www.investopedia.com/articles/stocks/08/sipc-fdic-ba...

[2] https://www.cnbc.com/2018/12/14/robinhood-debate-highlights-...
I don't think the fact that some words can be formed that way is a good guide to whether other formations are words or not.

Do you think "cookings" is a word? It would be "things that have been cooked" I suppose, on that basis. I would say if it's a word it's one I've never heard before.

On the other hand, "cuttings" is clearly a word in common usage in horticulture.
> by creating money, and using it to buy bonds, you can push down the rate of interest. This has nothing to do with taxes

Of course it does. It's all just wealth redistribution. Lowering interest rates redistributes wealth from lenders to borrowers, i.e. from savers to debtors.

> By setting the Federal Funds rate at 6%, the government can make it profitable to sell this business

The government can do exactly the same thing with tax policy. The only difference is that tax policy is more flexible (because it has many degrees of freedom rather than just one) and hence more powerful. The power to control the money supply is a proper subset of the power to tax. You can't support the latter but not the former and remain logically consistent.
https://trade.kraken.com/charts/KRAKEN:USDT-USD
Thanks Sashimi. Any details on PoW/PoS/PoSSD/DAG? tokenomics? Is there a smart contract system? A secondary layer? Is it rug pull proof? Did you premine? 51% attack? Can I mine this on my Atari ST? You going to list on Sushiswap first? Should I buy this or SafeMoon? Or do a balanced portfolio to spread risk? Buy or mine? Can I buy you a Pizza or two for 10000 of these? And do you have a faucet? What's the discord?
Can someone recommend an alternative? Binance USD (BUSD)? Other stablecoin?

Anyway, Bitcoin is not going to drop to 18k anytime within the next 8 months, so funds are safe for now.