Based off the balance sheet FTX may have peaked (September 2021) with more than $100 billion of paper gains in "less liquid" assets.
Token Last wks Last wks Estimated Peak Peak Peak
value price holding price date value
FTT $5.9bn $24.00 246m $77.69 09-Sep-2021 $19bn
SRM $5.4bn $0.75 7,240m $12.50 13-Sep-2021 $90bn
SOL $2.2bn $32.00 70m $258.78 07-Nov-2021 $18bn
Just speculation, but once you've "made" $130bn you feel like a genius. You might want to start acting like a hundred billionare. Time to start throwing money around. Especially spending it on anything that helps you realise those gains.
But FTT/SOL/SRM is not very liquid. So you use your liquid assets (i.e. your customers' USD, USDT, BTC and ETH). People might wonder where you get all this cash. You don't want to admit you are using customer funds and you only have gains on tokens you printed. So pretend you're genius trader and run a highly profitable exchange.
You might be referring to David Mackay's excellent 2008 book Sustainable Energy – Without the Hot Air - https://www.withouthotair.com
In the book he tries to determine if renewables could support UK's energy needs. He estimated the UK consumes about 195 kWh per day per person (food, transporation, heating, miltary defense, ...)
If the UK massively invested in all the renewable options it stacked up to 180 kWh per day per person (obviously he provided lots of caveats).
His assumption on Solar PV was covering 5% of the UK land with 10% efficient PVs (about 200m2 per person). He estimated that could contribute 50kWh/d/p.
In the 14 years since the book was published it seems like Solar PV efficiency is now commonly 17-19%. So might only need to use 2.5% of the land.
I also have not seen many vacancies advertised at that level. But I suspect there are roles for people with the right experience. The roles are getting filled by recruiters approaching already employed people.
My guess is a very experienced developer that speak English and Japanese can get base salaries above ¥10m at FAANG in Tokyo. So probably ¥15m with bonus and RSUs is obtainable.
I think the only email services that are not going to mine your emails for valuable data are paid services that have made strong commitments to privacy. This was an interesting podcast interview with founder of Fastmail https://overcast.fm/+Hbyc810T0
To summarise points that are missed in the comments and maybe not well describe on the website:
This is based in Canada. The vast majority is heavy oil in unconsolidated sand. This cannot be pumped, so there are commonly no pipelines.
During the process of extraction a lot of low value methane escapes from the oil. Canada has limits to the amount of venting a well can do, so if they reaches the limit they have to either slow the well's production or spend money on building a flare.
Both options have an economic cost. These mining units are addressing this.
Thanks, I didn't know that. I've changed to the standard "Expanded Control Strip" and it is much better. I found the constantly updating touchbar visually distracting.
In the context of Rails applications hosted on EC2, then I've not found Ruby's memory usage to really be an issue. In my experience most Rails apps range between 150-500MB per instance.
My current employer typically uses M5 instances which have a ratio of 1 vCPU : 4 GiB Ram.
Running Unicorn you'll probably only want 1.5 instances per vCPU. Even a memory heavy Rails app is probably only going to utilise ~20% of the available memory.
Running threaded Puma, you probably want only a single process per vCPU and maybe 5-6 threads. In my apps running 5 threads per process typically increases memory of the process by 20%. So in that instance you'd only utilise 15% of the available memory on a M5 instance.
If you are having memory issues on Rails, then quick wins are upgrading your Ruby version. I saw 5-10% drop in memory usage with each of the major version 2.3.x -> 2.4.x -> 2.5.x.
Also if it is an old app, check you've not built up cruft in your Gemfile. Removing unused gems can be another quick win for reducing memory usage.
PayPay is a joint venture of Softbank and Yahoo Japan created in June 2018. It is another cashless payment system. But what seems different is they've launched with a very aggressive marketing campaign in Japan.
Total budget for the campaign is 100億円 (億 = 10^8 / ~90m USD). They are giving ¥500 (~$5) to signup. Then 20% of the value of purchasers back in points. Then for customers of some Softbank/Yahoo services they are offering 1 in 10 chance of 100% points back. That effectively gives you an expected points of 30%.
A lot of the major stores are accepting PayPay and the store's own points campaigns are still valid.
It seems like a good way for Softbank to burn a lot of cash and spend a high price on customer acquisition. I am not sure how sticky people will be to the service once campaign ends.
A few more details from an article in the Guardian:
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The Guardian US is based at one of the many offices run by WeWork in New York City. Currently on the event schedule is a TGIM with Capital One event that promises “mini doughnuts and bacon, bacon, bacon”. This is one of many events promising to serve meat at WeWorks across the world – even as the policy was being announced, at the Corrigan Station WeWork in Kansas City lunch is being provided from Monk’s Roast Beef as part of “food truck Friday”, for example.
When the Guardian spoke to WeWork about whether these events would be cancelled, a spokesperson said they would not, and clarified: “This policy only applies to events paid for by WeWork. Members and employees are welcome to bring in meat for meals, and members are welcome to serve meat at events they host … we are working with vendors to align our commitment for previously scheduled events, and meat will not be served at events hosted by WeWork moving forward.”
This will allow APP_NAME to:
Run as a Gmail add-on [More info]
View your email messages when the add-on is running [More info]
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The '[More info]' tool tip presents:
Allow this application to view your email messages when the add-on is running
Access is temporary; only available to the add-on when it is running within an opened email
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I think for your typical user that is not making it clear that 'employees at APP_NAME can read your emails'.
How much is your rent? How much short are you from paying the due rent?
If your rent is at low-end for your area, then I'd try to avoid getting evicted. Getting evicted could trigger more expenses (moving costs, new deposits, etc.). Putting you deeper in the red.
I'd first sell everything non-critical. If you get evicted a big pile of possessions is going to be a burden anyway.
I found hotel pricing vs airbnb varies greatly depending on the season. In low-season often hotels are cheaper. Hotel's have large fixed expenses and are often happy just to fill rooms at any price.
Not sure how accurate but napkin maths and quick google suggest barrel of oil produces 118 kg of co2. So about 9 barrels to produce a ton. Barrel is $67. So cost of capture might add 15% to 38% to cost of oil.
An exchange could mitigate this attack by also monitoring the outflow by 'age'. Delaying any large withdrawal of 'new' coins.
* AGE: i mean, how recent was the deposit of any coins involved in any transaction. So if I send a large quantity of Bitcoin Gold to an exchange (they are marked as 'new'), then if I immediately exchange them to Ethereum, the Ethereum is now also considered 'new'. If I try to withdraw the Ethereum the exchange delays withdrawal.
Just speculation, but once you've "made" $130bn you feel like a genius. You might want to start acting like a hundred billionare. Time to start throwing money around. Especially spending it on anything that helps you realise those gains.
But FTT/SOL/SRM is not very liquid. So you use your liquid assets (i.e. your customers' USD, USDT, BTC and ETH). People might wonder where you get all this cash. You don't want to admit you are using customer funds and you only have gains on tokens you printed. So pretend you're genius trader and run a highly profitable exchange.