RapidEyeMovement's recent activity
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Comment on (Crypto rant) McDonald's serves 62 million customers every day in ~talk
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Comment on (Crypto rant) McDonald's serves 62 million customers every day in ~talk
RapidEyeMovement LinkSo if there was a project that could handle the volume would you be less against crypto? This is a know problem in the crypto space and there are a verity of SOLutions. From the BTC centric...So if there was a project that could handle the volume would you be less against crypto?
This is a know problem in the crypto space and there are a verity of SOLutions. From the BTC centric lightning network to high Transaction Per Second block chains.
There are projects out there that are attacking all problems out there that this thread mentions. I only have a slightly deeper understanding than the casual observer. So there are better resources out there then me.
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Comment on WandaVision | Episode 9 discussion thread in ~tv
RapidEyeMovement Link ParentThis is why, I feel, I cannot watch Westworld, it is like half the story is told outside of the world, or that the threads are so thin, I need someone to take me through it step by step. Which is...comb over every detail with a fine toothed comb so that they can project what's going to happen. I absolutely abhor this; people who do this take away a lot of the suspense and the magic of simply not knowing.
This is why, I feel, I cannot watch Westworld, it is like half the story is told outside of the world, or that the threads are so thin, I need someone to take me through it step by step. Which is sad because I liked the first season
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Comment on Google’s Stadia problem? A video game unit that’s not Googley enough in ~games
RapidEyeMovement (edited )LinkMan that last sentence is brutal. But I don't know if that list is something Google is ever going to be able to live down. I don't see myself investing my time in learning any Google product again...While Stadia didn’t seem to follow the traditional Google playbook, without some drastic changes it could still face a pretty Googley outcome: being added to the long list of products that Google has killed.
Man that last sentence is brutal. But I don't know if that list is something Google is ever going to be able to live down. I don't see myself investing my time in learning any Google product again because of that list
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Comment on 500,000 dead: A number almost too large to grasp in ~health
RapidEyeMovement LinkThe greatest shortcoming of the human race is our inability to understand the exponential function.
Al Barlett on Growth and Sustainability -
Comment on Keith Gill (Roaring Kitty/DFV)'s opening statement to Congress regarding GameStop in ~finance
RapidEyeMovement (edited )Link ParentSo some context to start off, you have to remember Wall Street started off way before the digital era. So almost everything is running on legacy systems. We are so used to the 'instant world of...So some context to start off, you have to remember Wall Street started off way before the digital era. So almost everything is running on legacy systems. We are so used to the 'instant world of the internet' that when things are not like that, they almost seem alien, wrong and shady.
Second Wall Street is a high trust environment. But run on the values of an 'ole boys club'. That is not to say that the trust isn't abused, misused and taken advantage of, just that if shit hits the fan you call up your lawyer and hammer out a compromise to settle things up. No one goes to jail, no one is put in physical discomfort, you just have to pay up. It is 'civilized'.
When you trade a stock, it is not instantaneous. It takes 2 days for the stock to arrive in your account. (This is the legacy systems, it is sometimes called T+2 because that is how long it takes to settle into your account). When a stock doesn't settle in that time frame, it is flagged as Failure To Deliver. This could be caused by the seller not having the shares, or the buyer not have the Cash on Hand for the purchase. This Failure to Deliver is reported to the SEC.
The report that is reference in r/wallstreetbets is a recurring FOIA request for the SEC that is published twice per month. It always has about a 15 day lag. It gives exact numbers on the 'failed to deliver' shares per day.
This next part is the leap that r/wallstreetbets is marking from 2 week old data. I do not believe it. Everything I see points to them covering and exiting the trade.
Apparently, the hedge funds just didn't bother covering their positions when they should have?
On doing research for your question, I came upon the SHO regulation
'Threshold Security List", which reported any stock where more than 0.5% of a company's total outstanding shares failed delivery for five consecutive days
And well $GME hasn't been on that list since 2/3/2021 (interestingly enough $AMC was never on it)
https://www.nyse.com/regulation/threshold-securitiesHell this website actually does a better job of explaining then I just did. I hope both help.
Where are the Shares?sorry this ended up being way longer then I thought it would be
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Comment on Keith Gill (Roaring Kitty/DFV)'s opening statement to Congress regarding GameStop in ~finance
RapidEyeMovement (edited )Link ParentYou got a link to this post, I'm curious about this point.I'm also still kind of confused about the big GME fizzle. WSB recently had a post about how a lot of the shorts were basically not honored, from what I understand. Apparently, the hedge funds just didn't bother covering their positions when they should have?
You got a link to this post, I'm curious about this point.
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Comment on ‘Roaring Kitty’ sued for securities fraud over GameStop rise in ~finance
RapidEyeMovement Link ParentReminder, this is not the government/SEC suing. But a lawyer suing on behalf of individuals in a class action lawsuit.Reminder, this is not the government/SEC suing. But a lawyer suing on behalf of individuals in a class action lawsuit.
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Comment on ‘Roaring Kitty’ sued for securities fraud over GameStop rise in ~finance
RapidEyeMovement (edited )Link ParentThis reminds so much of Kony2012. Where a small but well thought out 'idea' and 'action plan' is totally overwhelmed by the massive wave that Social Media can create.This reminds so much of Kony2012. Where a small but well thought out 'idea' and 'action plan' is totally overwhelmed by the massive wave that Social Media can create.
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Comment on Humans could soon live in a giant space station orbiting Ceres in ~space
RapidEyeMovement Link ParentAgree on all points about humans. But I would love it if we were able to start 'harvesting' asteroids for rare earth metals and other industrial medals in 15 years using semi- autonomous robotics....Agree on all points about humans. But I would love it if we were able to start 'harvesting' asteroids for rare earth metals and other industrial medals in 15 years using semi- autonomous robotics. This will allow us to stop the destructive process of mining/strip mining earth.
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Comment on Google submits plans to build 7,000 homes in North Bayshore, the largest project in city's history in ~design
RapidEyeMovement Link ParentSo if company didn't jack up the price of soap and etc, would it be okay for them issuing company script? There were plenty of companies that issued company script back in the day, that didn't...Company scrip is bad, because the point is that it gives the company a monopoly on all the economic activity of that scrip. You can jack up the price of soap, or water, or do the reverse, etc.
So if company didn't jack up the price of soap and etc, would it be okay for them issuing company script? There were plenty of companies that issued company script back in the day, that didn't abuse the system. But used it as a way to keep the company liquid. Even then I would be still against the practice because it locks the employee into that system.
But like company script you are locked in with RSU, because you only have access to that liquidity after certain milestones. And when more then half of an employee salary comes from RSU something doesn't seem right?
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Comment on Google submits plans to build 7,000 homes in North Bayshore, the largest project in city's history in ~design
RapidEyeMovement (edited )Link ParentIt is the company trading on its name instead of giving you cash, there were exchanges back in the day were you could change your company script for usd. A RSU is something that the company...It is the company trading on its name instead of giving you cash, there were exchanges back in the day were you could change your company script for usd.
A RSU is something that the company creates out of thin air. It isn't going to the market to get that stock it is giving you.
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Comment on Google submits plans to build 7,000 homes in North Bayshore, the largest project in city's history in ~design
RapidEyeMovement Link ParentGoogle literally creates the shares out of thin air. It is not going to the marker to buy the stock. It just issues more stock with the stroke of a pen.Google literally creates the shares out of thin air. It is not going to the marker to buy the stock. It just issues more stock with the stroke of a pen.
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Comment on Google submits plans to build 7,000 homes in North Bayshore, the largest project in city's history in ~design
RapidEyeMovement Link ParentI was going to make a joke about people being paid in company script[1] next, and then I had to stop myself because they already do that. That is literally what Company Stock Options are designed...I was going to make a joke about people being paid in company script[1] next, and then I had to stop myself because they already do that. That is literally what Company Stock Options are designed to be.
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Comment on Google submits plans to build 7,000 homes in North Bayshore, the largest project in city's history in ~design
RapidEyeMovement Link ParentThis is definitely "I've seen this one before" meme territory. And then this just came across my feed.This is definitely "I've seen this one before" meme territory.
And then this just came across my feed.
"The zones would permit companies with large areas of land to form governments carrying the same authority as counties, including the ability to impose taxes, form school districts and courts and provide government services."
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Comment on Melvin Capital reportedly lost 53% of it's assets due to r/WallStreetBets driven GameStop stock surge in ~finance
RapidEyeMovement Link Parentis just an apply to authority. You have offered no real counter to the information I have provided.minimum standard for information
is just an apply to authority. You have offered no real counter to the information I have provided.
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Comment on Melvin Capital reportedly lost 53% of it's assets due to r/WallStreetBets driven GameStop stock surge in ~finance
RapidEyeMovement Link ParentI'm not playing the appeal to authority game, I offered you two links that describe the anatomy of a short ladder attack and the other games that Hedge Funds can play, you take from them what you...I'm not playing the appeal to authority game, I offered you two links that describe the anatomy of a short ladder attack and the other games that Hedge Funds can play, you take from them what you will. But when money is on the line I do not expect anyone to play fair
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Comment on Google Stadia shuts down internal studios, changing business focus in ~games
RapidEyeMovement Link ParentThis is why I can no longer invest my time into Google services. If I build a personal work flow around something, I cannot trust Google to not cull the service or feature(s). All that time spent...This is why I can no longer invest my time into Google services. If I build a personal work flow around something, I cannot trust Google to not cull the service or feature(s). All that time spent is now wasted
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Comment on Melvin Capital reportedly lost 53% of it's assets due to r/WallStreetBets driven GameStop stock surge in ~finance
RapidEyeMovement Link ParentAnatomy Of A Short Attack Jim Crammer manipulation at Hedge Fund -
Comment on UN treaty banning nuclear weapons takes effect, without the US and others in ~news
RapidEyeMovement LinkI know this is controversial. Hell it goes against my own moral leanings. And it is the wrong incentive structure to support. But as a country, using the MAD doctrine to secure your sovereignty...I know this is controversial. Hell it goes against my own moral leanings. And it is the wrong incentive structure to support. But as a country, using the MAD doctrine to secure your sovereignty has historically been a good strategy
Crypto is not immune to Gov regulation... there are tones of cases where there have been crack downs. Just because crypto anarcho capitalist think they can skirt the law doesn't make it a reality.
Also to be pedantic, Federal Reserve is technically Independent from US Government.
The Crypto use case to me, is to create a system(s) that does not require 15-25% of Global GDP to be caught up in sustaining the global monetary system. Those global resources are better spent in other areas.