😂
A certain French car company would not be happy!
Still, that’s a ridiculous price for a cable.
How else can you transfer money within 3-5 working days?
Yep, I have probably 500m - 1km of this stuff.
80 GB/s plus all the network cards and two switches.
Interesting, I have ~100x of these lying around.
Mellanox
The cables cost more than the PC’s.
I needed to build a memory fabric and lots of sockets+infiniband was the most scalable way to do it.
😂
Later this month I have to move a cluster I built from 36 tower PC’s and 100’s of meters of infiniband.
It’s amazing what you can do with a pallet of refurb. 😉
On paper the asset value should be there, but not the liquidity.
The financial system is designed by accountants and not merchants.
A truer asset valuation would reflect the arrival rate of market orders v’s the limit order book, and not merely the yellow strip.
We now have the technology for this kind of asset valuation, but we still use 200 year old book keeping.
This is one area where the economy and capital allocation could be really improved with technology.
A book keeping protocol that transcends legal jurisdiction would be required.
Raising the insurance limit to unlimited, whilst the bankruptcy is unravelled is a very easy way to stop contagion.
This is effectively bailing out depositors and not creditors.
This is what we should have done in 2008 instead of ZIRP and a decade of lost productivity.
But yes, CB’s are often blindsided by things because they come from new angles and recent innovations and not the tedious old institutions where regulators spend 98% of their time.
They’re awfully sticky pass-throughs!!
BBC->Twitter is a strange one here too, because quite a few people have held prominent front of camera roles at BBC whilst earning £1-400k public salary, but have built up 1-10m audiences on Twitter on the side.
BBC is weird because it is financed by a tax. Every household in UK pays £150? TV tax that goes directly to fund the BBC.
So we have this conveyor belt of tax funded fame.
It’s starting to look very messy.
It’s one of those big stories that buries everything else, the whole sports reporting industry has effectively gone on strike in support of Lineker.
Lots of complex scandals are also being rushed into print at the moment, the SVB contagion is fairly buried and that gives more scope for janky announcements around SVB.
There’s a huge censorship debate raging in the UK this week.
Gary Lineker who has ~4m viewers on his TV show and 9m followers on Twitter, has basically been deplatformed by the BBC and asked to sign a new contract that bans him from making political statements on Twitter.
He very publicly compared the government’s new immigration policy to 1930’s Germany, as illegal immigrants can no longer claim asylum here. Can only come in legally through channels that some European governments typically admin bottleneck by design.
I believe Lineker has some Ukrainian refugees living at his house under some program to support refugees fleeing the war. Not 100% sure what the program is.
Government have said his platform is provided by public funds and therefore he must be impartial. Can’t use public funds for things that boost one political party over others.
It’s basically a big mess.
Lots of contradictions because of a media landscape that is ill-conceived and has emerged haphazardly.
nostr fixes this. 😂
Is SVB another Bear Stearns moment?
It’s obviously not Lehman is it.
But it feels like any attempt to inject liquidity into the markets in this climate is just going to have inflation ripping up the economy.
Has anyone written a good technical summary of SVB? Not the mainstream summary, I’m curious how much commercial paper they underwrite, etc.
Does this cleanly trace directly back to the SFX Ponzi?
You could write a script that calls Google Images API?