Nick
12.2K posts

Nick
@NickIsBuilding
cofounder @RankTrading | full time builder, part time bjj competitor
USA Katılım Ağustos 2024
1.4K Takip Edilen1.5K Takipçiler
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A lot of big desks and their counterparties adjust inventory on daily rollups. 00:00-23:59 utc
So they trade otc throughout the day but they don’t settle until 00:00. So massive amounts move on high volume days when the rollup settlement happens
Mms work hard to avoid intraday whipsaw, but the 00:00 utc rollup forces all the day’s risk to settle at once, and that kind of bulk adjustment inevitably nudges the wider market whether anyone likes it or not
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@Volubile_Bokeh as soon as algos receive their data input, which is generally around new candle open (within the first 5 min), yet i can’t speak for every config
there used to be a massive edge last year with the daily close rebalancing, and it decayed
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btc didn’t dump because of bad news.
it dumped because the clock flipped.
utc close, new day, new week, new month... and an obscene amount of algos fired almost simultaneously.
it’s not traders making decisions, it’s portfolios rebalancing in real time.
inventory adjusted.
hedges reset.
risk flushed.
the candles look emotional, but the behavior is mechanical.

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@bettersystrader false positives are the most dangerous stimulus you can receive in any learning process
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looks like we're heading for 1 stablecoin per fintech:
> Klarna - KlarnaUSD
> Stripe (Bridge) - USDB
> PayPal - PYUSD
> Firserv - FIUSD
> Cloudflare - NET
> Revolut - ...
Klarna@Klarna
Introducing KlarnaUSD, our first @Stablecoin. We’re the first bank to launch on @tempo, the payments blockchain by @stripe and @paradigm. With stablecoin transactions already at $27T a year, we’re bringing faster, cheaper cross-border payments to our 114M customers. Crypto is finally ready for scale. This is just the beginning. Excited to build the future with Tempo and Bridge.
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We no longer have any active servers in France and are continuing the process of leaving OVH. We'll be rotating our TLS keys and Let's Encrypt account keys pinned via accounturi. DNSSEC keys may also be rotated. Our backups are encrypted and can remain on OVH for now.
Our App Store verifies the app store metadata with a cryptographic signature and downgrade protection along with verification of the packages. Android's package manager also has another layer of signature verification and downgrade protection.
Our System Updater verifies updates with a cryptographic signature and downgrade protection along with another layer of both in update_engine and a third layer of both via verified boot. Signing channel release channel names is planned too.
Our update mirrors are currently hosted on sponsored servers from ReliableSite (Los Angeles, Miami) and Tempest (London). London is a temporary location due to an emergency move from a provider which left the dedicated server business and will move. More sponsored update mirrors are coming.
Our ns1 anycast network is on Vultr and our ns2 anycast network is on BuyVM since both support BGP for announcing our own IP space. We're moving our main website/network servers used for default OS connections to a mix of Vultr+BuyVM locations.
We have 5 servers in Canada with OVH with more than static content and basic network services: email, Matrix, discussion forum, Mastodon and attestation. Our plan is to move these to Netcup root servers or a similar provider short term and then colocated servers in Toronto long term.
France isn't a safe country for open source privacy projects. They expect backdoors in encryption and for device access too. Secure devices and services are not going to be allowed. We don't feel safe using OVH for even a static website with servers in Canada/US via their Canada/US subsidiaries.
We were likely going to be able to release experimental Pixel 10 support very soon and it's getting disrupted. The attacks on our team with ongoing libel and harassment have escalated, raids on our chat rooms have escalated and more. It's rough right now and support is appreciated.
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A whole market nuked
because one stablecoin on one venue sneezed.
Code bug to 0.65,
ADL kicks in,
billions wiped, and most people just saw a red candle.
The part that sticks with me
Tom saying he knows who did it
and still not naming names.
Shows you how fragile this whole structure still is.
One error, one depeg, one hidden player
and everyone else pays the tuition.
If this is the future of finance,
it needs fewer ghosts
and more accountability in the stack.
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Nick retweetledi

@usgraphics @hibakod food is at the very bottom. it's all about food
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@hibakod Yes, let's make one with defense contractors at the base layer, absolute chads
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@LumenLapsum @georgeroush Did you do algebra with like chess pieces?
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When I was a little kid, the school had me repeatedly tested to see where my IQ was but couldn't pin it down because I refused to complete the tests, so they just marked it as "at least 135" and put me into some sort of state controlled gifted program with additional monitoring.
The school then referred me to a specialist, and my parents would drive me very far to go see a special doctor. I liked it because the doctors would just watch me while I built Legos, and then we'd do some logic exercises that I enjoyed. There was always a counseling session attached to it as well where one doctor would ask questions and the other would take notes. I vividly remember being particularly interested in the fact that they had gold Legos, and the doctors wanted me to incorporate them into what I built- a task that I now recognize as testing to see how I handled off-nomimal instructions.
I always had fun because afterward, my dad would take me to Pizza Hut for the buffet, and the doctors would occasionally give me hot wheels cars.
Then, on the advice of these doctors, they took me to an experimental place where they hooked me up to machines to measure my brainwaves and try to "fix" my brain performance through a combination of lights, sounds, sensors, and shocks.
I had to go to this training where they would strap me into an (admittedly comfortable) chair for two hours with sensors all over my head, and I would get a mild shock every time I lost focus, and they would try to use sounds and abstract images projected onto a screen in front of me to try to help me "improve my brain activity". I would regularly complete tests and cognitive exercises as part of this.
I went there for about a year before it stopped. I asked why and all my parents said was that "it's a government program and the government doesn't want to pay for it anymore"
I don't really know how this all impacted me because I almost immediately buried all memory of it. I didn't regain memory of it until almost 15 years later, when I smelled an odor very similar to the office where I went. It caused me to have such a negative response that I was a wreck for months, and it seriously contributed to killing a four year relationship.
Now, I seem to remember it once per year around late October. I don't know why.
To this day, I still don't know who any of those people were, what their jobs were, or what the purpose was. My dad remembers taking me, but all he says is "they never really told me anything"
McDonald's@McDonalds
srry if this is rage bait
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Nick retweetledi

In Australia they take your tax dollars to fund hookers for cripples

ABC News@abcnews
For over a month now, people with a disability have been unable to use NDIS funding for seeking sex worker services. Lived-experience advocates say it's a step backward. ab.co/41aG5oe
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@think42seconds @m4printstream @AJA_Cortes He wants the other guy to grab a single leg so he can jump into kani basami
GIF
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@m4printstream @AJA_Cortes It’s like they’ve switched from offensive to defensive meta approach.
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