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I like holding some WBTC and borrowing against it on the cheaper chains like Polygon. The fees are negligible and I try to keep the value borrowed pretty low against collateral. There is a chance of being liquidated but WBTC/BTC would really have to slump very low for any liquidation to happen. The rate fluctuates but it's generally in the 0 - 10% range.
I also have a secured credit card, and borrowing against WBTC is much lower than the rate I get on Mastercard which is around 28%
gm all. Ahh the joy of working with an old Node/npm/Next.js project that has magically stopped working and hangs on compiling step
Good morning all. Bought a monthly subscription of Claude finally to try out features. Seems pretty powerful so far
Look into organoid computing https://en.wikipedia.org/wiki/Organoid_intelligence
I feel the same way in the other direction. Maybe the lines get blurred between line stander and scalper but I think the behaviour would be pretty locked in.
I spoke of inequality at first. If the prices go up of course wealthier people will still buy the tickets.
Yes. At that point we'd call them investors, but yes. Buying charizards is lower time preference, but it's pretty much the same behaviour. The scalper in this case is the guy who would have bought whole boxes of cards early on.
Scalpers are a different behaviour group from the line standers. Scalpers will always exist and aim to buy as many tickets as they can move, the line stander is someone paid by one person to get a ticket. And if they start to behave like scalpers, the lines get even more blurred. I still think higher prices wouldn't curtail the behaviour. This is also ignoring that the well to do procure their tickets from the companies they work for, etc
Scalpers always buy to sell later at a higher price and they will exist at any price, no? It'll just be more organized, well-funded scalpers? Also the higher the price per ticket, the smaller the line stander fee would seem. If you're paying 1000 per ticket, paying some guy min wage to stand in line is closer to nothing.
I guess we're both talking about price discovery. If they raised the prices for a concert, what you would get is still scalpers and line standers, but the scalpers would be making even more of a killing. And there would be perhaps fewer professional line standers, but still some. It would all still depend on the price, I suppose. There's probably some range of prices that would still have line standers and scalpers, but I think if the price was set too high all you would have is scalpers and the odd wealthy person who really wants to see the Rolling Stones standing in line.
E: Thinking a bit further on this, even if you raised the prices to a higher level, you would now only entice scalpers and those who can pay for a line stander to get in line. I don't think there's a way to get rid of the behaviour even by raising prices. Not sure.
I've been using ChatGPT and Claude to learn Rust and do some front-end stuff with Shadcn/Tailwind. I check and try to understand all the Rust code, because I'm trying to actually learn how the language works. But something like Shadcn (without any AI) scaffolds components with hundreds of lines out of the box.
Even if you take AI out of the picture, there's no way I'm reading every single CSS class and bit of markup (Tailwind is very verbose). I go in and edit things when the front-end doesn't look right