HNHacker News
TopNewBestAskShowJobs

siftrics

932 karma · joined November 14, 2019

submissionscomments
siftrics··on Robinhood Crypto Gets Wells Notice from US SEC
I should have said "the derivatives in question" instead of simply "derivatives".

My point stands: OP claimed that most trading volume happens in securities and it simply does not. I highly doubt securities amount to more than the $20 quadrillion settled in the CFTC's realm last week.

I'm not claiming the jurisdictions of the CFTC and SEC are mutually exclusive. My point stands.

siftrics··on Robinhood Crypto Gets Wells Notice from US SEC
Correct. And this case hinges on the yet undecided question as to whether or not Bitcoin and numerous other cryptocurrencies are actually securities.
siftrics··on Robinhood Crypto Gets Wells Notice from US SEC
From the CFTC's official website:

"The Commodity Futures Trading Commission is an independent U.S. government agency that regulates the U.S. derivatives markets, including futures, options, and swaps."

Also from their official website: 20 quadrillion per week in settled trades. Too lazy to look up the equities numbers, but I would bet everything I own it's lower.

Also from the CFTC's website:

"Bitcoin is considered a commodity and is the underlying asset in bitcoin futures contracts… Bitcoin futures contracts — like other commodity futures contracts such as corn futures, market index futures, or gold futures — are regulated by the CFTC and must trade on CFTC-regulated exchanges."

siftrics··on Robinhood Crypto Gets Wells Notice from US SEC
Derivatives are governed by the CFTC not the SEC.

It does matter, because they aren't doing anything wrong if these crypto assets are considered commodities and not securities.

Also, just because a government agency is suing you, that doesn't mean it has any legal or moral imperative. I don't see your point.

siftrics··on Robinhood Crypto Gets Wells Notice from US SEC
Why not? It is highly litigated and still abundantly unclear whether certain cryptocurrencies are securities or commodities. That's the whole point of these legal battles. If it was clear, they would not be ongoing.
siftrics··on Robinhood Crypto Gets Wells Notice from US SEC
The vast majority of arbitrage of fungible assets happens in commodities, not securities. The SEC regulates securities. The CFTC regulates commodities.
siftrics··on Volcker's Announcement of Anti-Inflation Measures
That's theatrics. Everyone on Wall Street and Main Street knows the true cost of living — housing, gas, and grocery prices — has increased dramatically more than any Fed-anointed number with the word "inflation" near it.
siftrics··on Volcker's Announcement of Anti-Inflation Measures
Inflation far outpaces whatever "fat interest" rates you have on your savings. You need to hold real assets, not fiat currency.
siftrics··on The man who coined the word "robot" defends himself
In Russian, работа simply means "work" or "job" without any negative connotation.
siftrics··on Tell HN: Cryptocurrency transactions >$10k require filing IRS Form 8300
I think OP's point about it being faster and cheaper stands.

What exactly are you trying to say?

siftrics··on 48-nation bloc to crack down on using crypto assets to avoid tax
Energy will continue to get cheaper and less scarce over the long term. This is a bad argument.
siftrics··on 48-nation bloc to crack down on using crypto assets to avoid tax
Why'd you buy it in the first place if your only perception of its value is to use it to buy something else?

Why not just buy the thing you wanted to buy?

siftrics··on 48-nation bloc to crack down on using crypto assets to avoid tax
> contrary to fiat cryptocurrencies, called "cryptos"

This is wrong. No one says this.

siftrics··on 48-nation bloc to crack down on using crypto assets to avoid tax
You can do extremely complicated things on chain that require manual human analysis to figure out how to report it. You can do this thousands of times per year. It adds up to a huge amount of work.
siftrics··on 48-nation bloc to crack down on using crypto assets to avoid tax
That's so evil. How do you put up with that? Why don't Danes change their obviously evil tax code regarding deducting losses?
siftrics··on Bangladesh saved lives by getting lead out of turmeric spice
"Lead poisoning kills millions annually. One country is showing the way forward."

Extremely ironic and deceptive title, considering Bangladesh was also one of the only countries who's created a culture completely fine with defrauding and poisoning its own people.

Not weighing cultures against one another. It's just dumb to praise a country for fixing a problem when said country is the sole creator of it. It is the bare minimum not to poison people. We don't need to be giving pats on the back for adhering to the bare minimum.

siftrics··on Lessons I wish I had learned before teaching differential equations [pdf] (1997)
You have to have a pretty helpless attitude to blame someone else (teachers) on your inability to learn from a good textbook.

How are you ever going to learn anything truly novel in the world if you always delegate teaching to a teacher?

siftrics··on Toxic toddler fruit pouches: "high" lead levels sicken 7 in 5 states
Yes and the most well-known historical cases involved diethylene glycol, not lead. But lead is used, too.
siftrics··on Toxic toddler fruit pouches: "high" lead levels sicken 7 in 5 states
Without commenting on how likely it is the hypothesis is true, the lead-crime hypothesis has always been academic handwaving to make a different, political point.
siftrics··on Tell HN: 3G sunsetting is remotely killing every Subaru Outback battery
Front speakers and microphone are lost. Bluetooth audio still works. I can still stream music over Bluetooth.
siftrics··on EPA fast-tracking of gene-altering pesticide sparks concerns
> In that context you only give the shills more sway.

This is a really good point that I overlooked.

I'm in an industry where sophisticated participants can see the blatant scams, but laypeople have no chance at spotting them. Your claim makes a lot of sense.

siftrics··on EPA fast-tracking of gene-altering pesticide sparks concerns
I've always been a fan of this.

If RoundUp is so safe, why don't the execs and lawyers and shills all douse themselves in it? It'd prove their alleged point against the guy who got horrible lesions and cancer all over his body after being exposed to it in a work accident.

siftrics··on Tell HN: 3G sunsetting is remotely killing every Subaru Outback battery
Ironically, it seems that this only happens when you are within service.

Another commenter speculated that when you're out of service, the software correctly identifies that there is no tower to connect to and stops trying. But when you're in service, the code repeatedly tries to do the 3G handshake because it can see a valid tower.

siftrics··on Tell HN: 3G sunsetting is remotely killing every Subaru Outback battery
I feel like this is it. I camped hundreds of days in areas with no service for miles and never had this problem. My battery ended up dying in my driveway in town.
siftrics··on Tell HN: 3G sunsetting is remotely killing every Subaru Outback battery
I can back this up. I regularly go car camping in the middle of nowhere in the Rockies. Absolutely no service for miles.

I hadn't gone camping for ~4-5 weeks, but still drove my car every day. Suddenly had the battery issue, pulled the plug, and the issue is gone.

I don't really know how to debug this. Something recently changed, but I don't know what. You'd think my battery would've died during all the time that I was out of service.

siftrics··on Tell HN: 3G sunsetting is remotely killing every Subaru Outback battery
There are huge swaths of areas with no service in the US that people regularly visit.
siftrics··on Tell HN: 3G sunsetting is remotely killing every Subaru Outback battery
Mine's a 2019 and pulling the DCM fuse resolved my problems. Could be unrelated, but I feel obligated to share.
siftrics··on Tell HN: 3G sunsetting is remotely killing every Subaru Outback battery
Yeah this was actually pretty scary for me because I do go car camping in very remote places with no service at all. Luckily I'm fully prepared for my car not being able to start.

It's just sad because I bought a Subaru because it's supposed to be a reliable, outdoor adventure car. To see it fail this way is just sad.

siftrics··on Tell HN: 3G sunsetting is remotely killing every Subaru Outback battery
It's a well-documented phenomenon. You can Google it.

The thing drains your battery precipitously.

siftrics··on Tell HN: 3G sunsetting is remotely killing every Subaru Outback battery
I'd rather skip the free upgrade and just have a car that works.
Page 1 of 11Next →