Hacker News Reader

thehumanmeaton The anatomy of the Cayman Islands offshore financial center (2016)

It's described in the paper, but the eurodollar is the incentive behind it all.

https://en.wikipedia.org/wiki/Eurodollar

thehumanmeaton Bank run on Silicon Valley Bank

Tell me, when is the last time you went to the grocery store and they accepted a bank reserve? Bank reserves are useless.

https://en.wikipedia.org/wiki/Eurodollar

thehumanmeaton Most Crypto Developers Aren't Working on Bitcoin or Ethereum

Shhh, don't let that get mainstream yet. I'm still trying to stack ;).

thehumanmeaton Swift payments network to cut access to crypto exchanges

It never mattered.

https://alhambrapartners.com/2022/02/28/swift-isnt-the-nucle...

thehumanmeaton FX swap debt a $80T 'blind spot', global regulator says

Look into the eurodollar system. Most "money" today is just swaps on bank ledger entries backed by counterparty trust and can-kicking. If you thought the dollar was a scam by not being backed by anything, wait till you check this out.

thehumanmeaton Ssss: Shamir's Secret Sharing Scheme (2006)

Plenty. Look into publicly verifiable secret sharing. https://en.wikipedia.org/wiki/Publicly_Verifiable_Secret_Sha...

thehumanmeaton Markov chain Monte Carlo without the bullshit (2015)

If you want to select an integer uniformly random from 0...n-1, you need an expected logn mutually independent random bits. What if you don't want it to be uniformly random, but some other distribution instead? That's where Markov chains help; they use random bits efficiently to draw from an interesting distribution.

thehumanmeaton British pound hits record low against the dollar

Continuing a globally rough pace of growth until economists wake up and remake the broken monetary plumbing system.

thehumanmeaton British pound hits record low against the dollar

Wow, finally someone that I find on a web forum also willing to utter the words "dollar shortage" during this time.

Big props to Jeff and Emil for their generous freely available teachings. I further recommend their paid subscription too. It's well worth it.

These times are easy to see coming if you had the right monetary lens on.

thehumanmeaton Temporary pause of Bitcoin withdrawals on Binance

Doubt it's that. They ran out of reserve for their fractional reserve. Crypto on exchange wallets has already been dwindling the past few months.

thehumanmeaton Inflation rises to 6.8% year over year

It's because they measure the item to an equivalent item from 1970. Take a car for example. Modern cars have various electronic contraptions that didn't exist in cars in 1970. A car today will have electronic control of windows, rather than the mechanical control from 1970. So, the BLS considers inflation by replacing a modern car's electronic control of windows and replaces it with what you can buy with a mechanical window today. It does this for all parts of the modern car to make it an equivalent product of 1970. Only when all parts are equal, they will calculate inflation.

It is an incredibly flawed metric.