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trophycase

396 karma · joined January 28, 2016

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trophycase··on BlockFi files for bankruptcy as FTX fallout spreads
Nexo is probably next but hopefully that should be the last of the implosions for now.
trophycase··on FTX Owes Money to More Than a Million People, Court Filing Suggests
I said it was ridiculous to claim that Tether collapsing would cause "most major exchanges to go under". Congratulations on totally twisting my words though. "Most major exchanges" don't have much exposure to tether.
trophycase··on Americans are choosing to be alone, but we should reverse that
How it's expensive, how it will ruin your career, how it will destroy your body, etc. Talk to gen-Z women, many of them are inundated with this kind of thinking.
trophycase··on Americans are choosing to be alone, but we should reverse that
This and internet addiction are definitely more responsible than people are letting on. Also the unwillingness a lot of people have to commit and/or start families. And especially the negative marketing done towards women with respect to having children.
trophycase··on Proof of solvency and beyond
Cool story bro
trophycase··on FTX Owes Money to More Than a Million People, Court Filing Suggests
FTX is not crypto. If you had a bank that accepted ears of corn and bushels of apples for deposit, and trading between them, you wouldn't blame farmers when that bank stole everyone's deposits.
trophycase··on FTX Owes Money to More Than a Million People, Court Filing Suggests
???? How do you interview a man who just more or less stole tens of billions of dollars from customers, lied about it repeatedly, is trying to cover up evidence of that, and is arrogantly tweeting while still not being arrested, and not once mention any of that?

This garbage reads like "a day in the life of a silicon valley CEO" or something. The dude just perpetrated one of the largest financial frauds in the history of the world. Bernie Madoff level, and this is all the NYT has to say. Totally disgusting to defend the NYT here.

Dude said before Congress that they never trade or leverage using customer funds. That was a complete and utter lie.

He "testified to Congress and met with regulators" hugely downplays his attempts at regulatory capture via donations and attempted backroom deals (Gary Gensler is implicated in this too). Including the alleged prid pro quo.

It mentions his "effective altruism" and "philanthropy" but doesn't mention who his donations are to, or the fact that half of it was just a guise and actually he spent millions on housing in the Bahamas or in New York.

trophycase··on FTX balance sheet, revealed
SRM market cap isn't even 2.1B. There's more to this story as usual. The corruption runs deep.
trophycase··on FTX faces potential hack, sees mysterious outflows totaling more than $600M
Where are the regulators and enforcers when we actually need them? How is any high up in this institution not arrested yet? What the hell are they doing?

Like is this a psyop to destroy crypto? Is this preferential treatment of SBF due to his donations/regulatory capture? Imagine if there was a mass shooter in a crowd of people and they just let him continue firing until he ran out of ammo, that's analogous to what's happening right now. Absolutely insane.

trophycase··on Tim Berners-Lee: Web3 is not the web
It's an italian serial conman in a dark room somewhere, pressing "print" on software that generates ostensibly a dollar-equivalent crypto currency out of thin air, wrapped in a network of criminal enterprises that is currently using special 'insider only' versions of those tokens (tether-trons, vs tether-eths) to facilitate the theft of the life savings of a generation of middle class chinese, wrapped in a nesting doll of scams and pyramid schemes, wrapped in the greed, hubris, and legitimate desperation of a generation of 1st world hustlers, all wrapped in crypto-bros trying to take over the world.

Replace italian with <insert racial boogeyman here> and you would literally be describing the current financial system.

trophycase··on Tim Berners-Lee: Web3 is not the web
Controlling digital things of value in a decentralized way is a solution in search of a problem? That's news to me.
trophycase··on Traces of ancient ocean discovered on Mars
So agree, but the logistical challenges for even landing a probe on somewhere like Europa or Enceladus are far greater than landing somewhere as inert as Mars. Jupiter has an incredible magnetic field, we'd need to somehow land on the moon (which is a challenge in itself due to the potential for 30m spires of ice), drill through the surface ice and possibly through multiple subsurface oceans til we reached a layer that had geothermal vents.

Also while I agree with you that it's very likely that there was microscopic life on Mars at some point in the past, considering that finding evidence of life on other planets would be one of, if not the largest discovery in human history, I think it's important to keep going until we confirm it.

trophycase··on “Twitter will be forming a content moderation council with diverse viewpoints”
According to sources he was unbanned before Musk got there
trophycase··on Meta stock price drops more than 20%
iTunes was the killer app, not the ipod.
trophycase··on Meta stock price drops more than 20%
You can see it from any angle, with an infinite number of added effects possible.
trophycase··on Meta: Shares in Facebook owner dive 20% as investors lose faith
Yes and no, alternatively if investors believe the trend will continue then they will just wait for the earnings to come down and then it isn't mispriced.
trophycase··on Why high speed rail hasn’t caught on
flying is miserable unless you are first class
trophycase··on Stadia died because no one trusts Google
This. I remember when Stadia came out and then you'd see press from Google backpedalling on their own product. You knew it would die before it even launched so why bother investing money and time into it? Like why should I show commitment into Stadia if Google is already cutting their budget before it launches?
trophycase··on When the push button was new, people were freaked
they weren't wrong
trophycase··on My family’s unlikely homeschooling journey
idk where you went to school but the "homework" and worksheets I got before high school I could do with my eyes closed. The teachers would hand it out, I'd complete it in 2 minutes then not worry about it. It never even reached my parents. They had already taught me how to read a clock, how to do multiplication and long division, etc. "Homework" as a concept basically didn't exist for me before AP classes.
trophycase··on MacBook Air M1 screen crack for no apparent reason
They likely know and don't care. My old macbook pro updated to the latest OS and it completely bricked the machine. Every time I'd try to watch a video the thing would overheat. Reverted the OS and the issue was completely fixed.

Bought a new iphone recently and the camera simply can't focus at short range.

trophycase··on What happens when a reservoir goes dry
It's not an existential problem so much as a political problem. We can literally always boil water. The planet is 70% water and it's not going anywhere or getting converted into other things.
trophycase··on Bugs are evolving to eat plastic, study finds
CO2 would probably be one of the better byproducts
trophycase··on Cryptocurreny retailer BitPrime closes trading after running out of money
Nobody who uses crypto has ever heard of BitPrime
trophycase··on Coinbase Q1/22 Shareholder Letter [pdf]
Users can also deposit USD and other fiat
trophycase··on Robots are writing poetry, and many people can’t tell the difference
As someone who doesn't really get poetry, I probably couldn't tell the difference.
trophycase··on Why do you waste so much time on the internet?
Addiction/Coping Mechanism
trophycase··on Ask HN: Why can't I learn anymore?
I have no advice but just can say that I'm there right now. I have no motivation to code and no motivation to learn new languages. Maybe you're just tired of it and tired of starting at a screen.
trophycase··on Homes in 97% of U.S. cities are overvalued, Moody's says
It's almost like when you give people basically free leverage (2% mortgage rates), they can buy houses for higher prices.
trophycase··on Teen mental health is plummeting and social media is a major contributing cause [pdf]
Modern politics is the epitome of toxic, getting angry about things you have almost no control over whatsoever. Imagine spending so much of your life and mental energy trying to change the unchangeable.
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