If you subscribe to someone’s Notes you also subscribe to their email articles. No thank you, especially if aal their articles are behind a paywall. Not sure why Musk is so freaked out over Notes. Probably just general paranoia.
The FDIC $250,000 insurance is there to protect the depositors.
The amount is not a secret.
If you keep more than that in cash in a bank account, you take a known risk and must definitely not be bailed out.
You did not need to keep that large amount in cash. You could have bought short-term US treasury bills with every cent above $250k, and your deposits would have been perfectly safe. All of it.
Why would that merit a recurring charge? In other words, what ongoing expense is incurred by the company to display a particular icon next to your name?
Any alien race with technology to reach Sol will also have superior technology to defend themselves. Only start worrying when the “balloon” shot down the F-18s and F35s that were scrambled to shoot it down.
The biggest weakness of ChatGPT is that you do not know the source of the information that it presents to you.
With Google, you can apply human assessment and judgment on the veracity of the information based upon your knowledge of the reliability of the source of the information. With ChatGPT that is not possible.
“The chairman of FBH is Jean Chalopin, who, along with being a co-creator of cartoon cop Inspector Gadget in the 1980s, is the chairman of Deltec Bank, which, like FTX, is based in the Bahamas. Deltec’s best-known client is Tether, a crypto company with $65 billion in assets offering a stablecoin that is pegged to the dollar.”
This is the correct take. Without the staff and institutional knowledge of a 16 year old service, no amount of hand waving will keep the service healthy. It’s a stunning display of what not to do.
Their website still has a yellow notice at the top:
> “We have limited platform activity, including pausing client withdrawals as allowed under our Terms. We request that clients not deposit to BlockFi Wallet or Interest Accounts at this time.”
Kara Swisher said some advertisers had told her, after a meeting with Musk last week in NY, that either he came to the meeting totally unprepared or he actually had no plan. He could not articulate a sensible plan to them.
Having too many servers (many thousands) could be a big drawback for onboarding. Choice paralysis, and difficulty / time consumption of picking a suitable server to join.