MYSTIC ENJOYER
2.7K posts
MYSTIC ENJOYER
@ndelbr0
market cycle enjoyer
Beri’ah Katılım Kasım 2020
3.1K Takip Edilen1.1K Takipçiler
QME
@callmeed @wagieeacc Yeah you're correct n = 1 is an edge case where small hospital is more likely.
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A silly math question posed in our discord: There are two hospitals in a city, a small and a bigger one. In which of them is the likelihood higher of more boys than girls being born in one day? (Provided that girls and boys are on average born equally frequently).
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@wagieeacc it’s actually the smaller one because variance is more likely
see Kahneman
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@dom_lucre The Talmud is actually written mostly in Aramaic. If you studied 1 page a day, it would take you 7 1/2 years to read the entire thing—-one time.
Everything contained within is traceable directly back to the bible.
It’s a discourse, not law. Don’t take out of context.
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Oh my God, I’m reading the Talmud I just bought and in Avodah Zarah: 37a it says: “a nine-year-old boy is fit to engage in intercourse, he also imparts ritual impurity as one who experienced ziva.
Ravina said: Therefore, with regard to a female gentile child who is three years and one day old, since she is fit to engage in intercourse at that age, she also imparts impurity as one who experienced ziva.”
Did I get the wrong Jewish book? This has to be a mistake.
Source: chabad.org/torah-texts/54…
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I wish they made an evening version of caffeine with a shorter half-life
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Important thread!
Trusted setups are bad.
Avoid them.
zooko🛡🦓🦓🦓 ⓩ@zooko
Hey everybody, I support all honest builders, but I think a lot of such folks are making a big mistake that is going to hurt a lot of users and be hard to correct later, so I'm just going to say this, in the hopes you hear it… ⤵️
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The Reverse Repo facility has seen $1 trillion drain out in just the last 6 months
What happens when it runs out?
Its important to remember what this account is for, and where this money came from in the first place 🧵👇🏼
When all the money printing started in 2020, this account was not in use. But the money printing flooded the banking system with deposits.
Whenever a dollar is spent, it goes from one bank account to another.
When a dollar is in a bank account, it is a liability for the bank. They “owe” this dollar back to you, and it costs them money to hold it. They have to do something to make money with it. So they buy an asset so that they have an asset to offset their liability.
From March 2020-March 2021, banks didn’t have to worry about this. They were not required to offset these liabilities. But starting in April 2021, that temporary suspension was lifted, and they had to get assets again.
If banks had gone out to buy up assets with these trillions of dollars, it would have pushed short term rates negative. There would have been too much demand and not enough supply for short term government debt.
So the Fed opened up the reverse repurchase facility so that banks could get their collateral straight from them instead of the open market.
The fed knew they would have to make the facility attractive enough, or else there would be no reason to use it. So they started offering a yield on any cash that came in: 0.05% higher than the bottom end of the fed funds rate. Just enough to make it enticing.
So banks got the collateral they needed and also got a tiny percentage paid on their cash straight from the fed.
As inflation fears roared, the fed started aggressively raising interest rates. But there were still trillions of dollars from the money printing that needed to be kept out of circulation.
So the fed had to keep raising rates on the reverse repo facility as well. This kept a floor under short term rates so that it would only leave for a sufficiently higher yield.
We are now seeing that play out. Government borrowing has accelerated so rapidly, that short term yields are now attractive enough for cash to leave the safe haven of the risk-free fed reverse repo, and get lent to the government instead
The more the government borrows at the short end of the curve, the more cash will leave the reverse repo facility.
And once it’s empty, the government will need a new slush fund to borrow from.
At about $1.3 trillion left in the facility, it may seem like this is a long way off. But just 6 months ago in April, this facility had $2.3 trillion in it.
So we’ve seen $1 trillion leave this facility in the last 6 months, and there is only $1.3 trillion left.
And government borrowing is accelerating.
There will be many unexpected consequences of this acceleration in this out of control deficit spending, but one consequence is very predictable.
Much, much higher rates.
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how many “hacks” are actually inside jobs?
as a protocol, they could allow a "bug" to slip through audit, hack own protocol, create a situation where they hack the "hackers" (themselves) and return funds, patch bug, would look like heroes, visiblity throughout whole of crypto, also if they have a token it would dump and they could accumulate it and it would automatically pump on the good news once funds "returned"
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MYSTIC ENJOYER retweetledi
this. $ETH democratized early stage investing by removing barriers for non accredited investors to access early stage projects.
$unibot and tg meta is doing the same for access to institutional grade tracking, sniping and trading
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