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chejazi commented on Meta to release open-source commercial AI model   zdnet.com/article/meta-to... · Posted by u/maskil
StackOverlord · 3 years ago
Compiling source code doesn't cost million of dollars though
chejazi · 3 years ago
Yea the weights are the secret sauce that OpenAI and competitors generally protect.
chejazi commented on 2,200 forgotten vintage computers from a barn in Massachusetts   vice.com/en/article/ak3k3... · Posted by u/zhte415
chejazi · 3 years ago
> For those reading this who haven’t bought a new-in-box retro computer lately, $59.99 is fall-out-of-your-chair cheap, but Pellegrini has largely avoided price-gouging. Only recently did he increase the price to $99.99.

Looks like they've raised prices a few times since. Latest listing by them is at $180:

https://www.ebay.com/itm/394715695041

chejazi commented on Submarine missing near Titanic used a $30 Logitech gamepad for steering   arstechnica.com/gaming/20... · Posted by u/isaacfrond
plagiarist · 3 years ago
I think the founder/CEO should be on a trip to prison for the negligence and mind bogglingly poor decision making surrounding this debacle.
chejazi · 3 years ago
He's one of the people on the lost submarine
chejazi commented on Their Crypto Company Collapsed. They Went to Bali   nytimes.com/2023/06/09/te... · Posted by u/koolba
chejazi · 3 years ago
It is truly painful to watch narcissists rewrite their stories.
chejazi commented on Joint statement by the Department of the Treasury, Federal Reserve, and FDIC   home.treasury.gov/news/pr... · Posted by u/FormerBandmate
zamfi · 3 years ago
Wow, here’s the real news:

> Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law.

Note the uninsured depositors clause in there — FDIC &co seem to have acted unilaterally to extend deposit insurance beyond the 250k and to the full amounts of any deposit account.

And they are charging the banks for it.

If this doesn’t stop a run on the banks, nothing will, frankly.

chejazi · 3 years ago
And yet, socializing any potential losses across banks (as opposed to homeowners, back in 2008) feels like the appropriate move.
chejazi commented on Joint statement by the Department of the Treasury, Federal Reserve, and FDIC   home.treasury.gov/news/pr... · Posted by u/FormerBandmate
notmindthegap · 3 years ago
Did you foresee this?
chejazi · 3 years ago
Those who did foresee it made highly profitable trades: https://twitter.com/notmrmanziel/status/1633940364460474372
chejazi commented on An Update on USDC and Silicon Valley Bank   circle.com/blog/an-update... · Posted by u/VagueMag
JumpCrisscross · 3 years ago
> USDC is backed 1 USDC for 1 USD

It’s at least 87¢ and 23¢ of priority unsecured claims on a bank in receivership.

chejazi · 3 years ago
I assume you're deriving the 23¢ from the 23% they have banked, but I would like to note that of that 23%, roughly a third (3.3bn of 9.7bn) was with SVB. The rest was with other banks not facing the same issue.
chejazi commented on Why Solana was decimated by Bankman-Fried’s downfall   coindesk.com/consensus-ma... · Posted by u/mfiguiere
biztos · 3 years ago
Why should Coinbase be committed to decentralization?
chejazi · 3 years ago
Centralized projects are more likely to be deemed securities. If that were to happen with a coin Coinbase actively trades, they would be in legal trouble.
chejazi commented on Zooko's Triangle   en.wikipedia.org/wiki/Zoo... · Posted by u/mattwilsonn888
itake · 4 years ago
What about Facebook's onion domain?

https://facebookcorewwwi.onion/

This seems to be human meaningful, secure, and decentralized.

https://m.facebook.com/nt/screen/?params=%7B%22note_id%22%3A...

chejazi · 4 years ago
I can't believe they managed to grind that one.

u/chejazi

KarmaCake day1504June 1, 2015
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