Considering how much demand there is for stablecoins this seems pretty positive. Don't need to worry about Tether counterparty risk if the backer of a US dollar coin is the US treasury.
Maybe this is what gets us to <1h settlement ACH transfers?
Amazing how much better VSCode Remote is than JB Gateway so far. Constant crashes in Gateway, and manages to get really tripped up trying to work with a corporate firewall that VSCode handles easily. Hoping Gateway gets there in the next few versions.
"...and they shall beat their swords into ploughshares, and spears into pruning hooks; nation shall not lift up sword against nation; neither shall they learn war anymore"
The NYT removed a few words from the original list that were seen as more obscure, but otherwise it seems like they just copy-pasted the client-side code.
Does the full version of this require Strong AI to truly replace the internet? What level of AI is necessary to convincingly replicate human understanding and explanation of information?
In finance and gambling, the kelly criterion is used to evaluate maximum bet sizing while keeping risk-of-ruin near 0. Using it correctly requires understanding your own expectation and variance to a high degree of confidence. Everyone in these industries uses kelly to figure out the maximum size they can bet based on these careful expectation and variance calculations, then just divides by 2.
Just curious, is that still true if your model of daily returns isn't gaussian? If prices have intermittent shocks (Ornstein-Uhlenbeck, etc) is the daily vol much higher?