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SlapActionJackson
Jul 27, 2006

Rock that guitar equity

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SlapActionJackson
Jul 27, 2006

olylifter posted:

he'd buy 8-10 of the half pints of Jack daily,

If you get to this point why not just buy it by the barrel straight from the distillery?

SlapActionJackson
Jul 27, 2006

Residency Evil posted:

Guys I have a confession to make. :ohdear:

I put some random cash in at $90.

Holy poo poo, I hope you sold this morning.

Or alternately, double down: I am currently offering a July 320 call for the low, low price of $130.

e: nevermind, it printed on its own. :cool:

SlapActionJackson fucked around with this message at 16:30 on Jan 27, 2021

SlapActionJackson
Jul 27, 2006

What better place for conspicuous consumption than something you literally light on fire?

SlapActionJackson
Jul 27, 2006

The Chairman posted:

The bigger problem was distributors deliberately holding back on supplying energy to keep the price pegged at the maximum, rather than the behaviors of individual consumers

Weren't nobody holding back on nuthin'. The generating capacity simply wasn't available - the cold knocked out lots of power plants at the same time it sent demand soaring.

SlapActionJackson
Jul 27, 2006

tater_salad posted:

It's been reported some plants turned their power off due to rising prices for nat gas, this way they wouldn't lose money you see. There are HEROES out there man.

NYMEX Natural gas spot market looks to have spiked 10x, but ERCOT electricity spiked 100x. Maybe transmission/local supply issues further goosed the gas price in TX, but there's still a huge profit margin in the cost of your inputs vs value of your outputs there.

SlapActionJackson
Jul 27, 2006

Also, you can get a whole-house backup generator for like $10k, so it's not worth paying a huge premium for.

SlapActionJackson
Jul 27, 2006

DaveSauce posted:

Going back to the original point you were trying to make, yes "in theory" this variable pricing model should quell demand for power during periods of scarcity. But that's only if it were done properly where, again, consumers can see the price for the next kwh of usage and can switch to a competitor at any time. If these providers don't allow both of these things, then this does precisely nothing to control demand, it only serves as a mechanism to force consumers in to paying higher, noncompetitive prices.

ERCOT publishes real-time prices here: http://www.ercot.com/content/cdr/html/real_time_spp I am sure Griddy has an app that filters for your location and displays the price you're currently paying nicely.

If you're on a spot-price plan, you can switch your plan at any time. However, if you wait until DEFCON1 to do so, don't be surprised when nobody is willing to take you until the grid settles down, for reasons Dik Hz explained.

SlapActionJackson
Jul 27, 2006

Tomfoolery posted:

YOu're an idiot if you live in texas and don't run 2 separate power lines to a smart electrical router that checks electricity prices using a python script every 10 milliseconds and draws power from whatever service is cheaper. How else do you cut down on the cost of charging your Tesla.

Given that it's not unusual for spot prices to be slightly negative overnight, 2meters1house sounds like a fantastic disruptive sure-fire unicorn idea. Let's do it.

SlapActionJackson
Jul 27, 2006

ChickenOfTomorrow posted:

because [insert reasoning here]

Because they pay half to two-thirds the going rate the other 360 days a year. Some people will find that an attractive gamble, and value is in the eye of the beholder.

SlapActionJackson
Jul 27, 2006

The junk collector posted:

So Jesus would have used Vanguard?

Is there any doubt about it?

SlapActionJackson
Jul 27, 2006

Andy Dufresne posted:

I expect just about every employee discount benefit comes with the string attached that if you resell this poo poo you're getting fired.

Mrs Jackson works for an oil company that gives employees discount cards for retail gas purchases. There have been people fired from 6-figgie jobs for using them to hustle cash for discounted gas. Don't think it's ever happened at the VP level, though.

SlapActionJackson
Jul 27, 2006

lament.cfg posted:

it's those websites where you pay to name a star

Deeds to lunar real estate

SlapActionJackson
Jul 27, 2006

Bird in a Blender posted:

In some ways, the NFT makes sense. It’s like the difference between owning the original Van Gogh and owning a print, but of course it’s being abused and it’s totally inflated.

Except for digital data is literally indistinguishable, that's fundamental to what makes it digital. The copy and the original are the same thing.

SlapActionJackson
Jul 27, 2006

GoGoGadgetChris posted:

I miss you, Simpsons Reference :smith:

I hope you're making the good posts with EAT FASTER up in heaven now

Passed IRL, or just no longer active on SA?

SlapActionJackson
Jul 27, 2006

BMan posted:

the real BWM is that $3 only buys you one spongebob popsicle

Well yeah
Wood stick $.01
Plastic sleeve $.01
Water $.01
HFCS $.02
Food coloring $.01
Character licensing $2.94

How could you even make one cheaper than that?

SlapActionJackson
Jul 27, 2006

asur posted:

If the richest country in the world lets one of it's richest cities vanish into the ocean then I think you have bigger problems than the price of housing.

San Francisco NIMBYs will prevent so much as a single grain of sand from being distributed until the bay is lapping at their doorstep. Whereupon they will demand Something Be Done At Once, only to be thwarted by the rest of the NIMBYs that have even another foot of elevation.

SlapActionJackson
Jul 27, 2006

Also, there's no tax in the US on repatriated personal assets. Now if you've been hiding foreign assets in violation of FACTA, that's another concern altogether.

SlapActionJackson
Jul 27, 2006

FMguru posted:

To the extent that they had a business model, it was probably something like this - lose money for a while subsidizing the service while you build an audience, then use that big audience you've cultivated to leverage deals with the theater chains.

They tried this. The theater chains rightly perceived it as luring their customers away with VC money then trying to sell the customers back to the theaters at a premium. And moviepass had no leverage since everyone knew when they ran out of money the customers would just resume purchasing directly from the theaters again. So every theater chain in the country told them to get lost.

SlapActionJackson
Jul 27, 2006

StormDrain posted:

Are there any studies on the ROI if they're for professional use?

Dunno, but if you're going to attempt to run the calculations, don't forget the tax benefits

SlapActionJackson
Jul 27, 2006

Heirs get stepped-up basis, not the estate. Living off of loans secured by your portfolio is explicitly a bet that the assets will grow faster than the interest rate you're paying on the loan. It lets you defer the cap gains taxes, but not avoid them - TBF iron-clad control of the recognition of income is a huge tool for managing tax bills for the wealthy that we working schlubs don't get.

SlapActionJackson
Jul 27, 2006

Less Fat Luke posted:

I would think they can then liquidate the amount at the new cost basis to pay the LoC.

No, because the estate owes the bank for the LoC, not the heirs. Heirs only get what's left over after the estate settles outstanding debts.

SlapActionJackson
Jul 27, 2006

DarkHorse posted:

A literal ton or two of glass plastic and metal has about 25 square inches of contact with the road. That total area about the size of a 4"x6" photo has to stop that mass from 65 mph to nothing in about five seconds. It's also resisting all the lateral forces any time you turn.

Each tire's entire connection to the earth is about the size of an Airhead or a candy bar

I think you're underestimating contact patch size. 3500 lbs / 35 psi = 100 sq in

SlapActionJackson
Jul 27, 2006

Liquid Communism posted:

Yeah, that's the thing. IIRC most of these are bought with crypto, and the entire crypto system is massively inflated thanks to Tether literally just printing $63bn worth of 'stablecoin' to throw in the system.

No, no, no. Tether is totally 100% USD convertible instrument dollar-denominated asset backed.

Why, no, you may not audit their books, why would you even ask such a thing?

SlapActionJackson
Jul 27, 2006

That guy's whole post history in that thread is pretty lol, but at least he's in his 30s and in a FAANG job again, so he'll be alright if he learned his lesson... Unfortunately that post history also strongly suggests he's gonna lose it all on crypto this time instead of options.

SlapActionJackson
Jul 27, 2006

BonerGhost posted:

Aren't there actual banking regulations that dictate by law your collateral ratio? Are they just getting around that with ~°~Bitcoin magic~°~ ?

Coinbase isn't a bank, bitcoin isn't a security, and they're not doing fractional reserve lending, so I don't see any reason they can't hand out loans willy nilly and watch them become unsecured in the next bust to hilarious effect.

SlapActionJackson
Jul 27, 2006

njsykora posted:

We have an entire mocking audiophiles thread

Link?

SlapActionJackson
Jul 27, 2006

My accounting software was using Alphavantage to pull stock quotes, and it stopped working a little while ago. It seems that they've made the daily quote data a "premium" service that you can subscribe and pay for ... or retain access by helping them pump the ecosystem for their brand new cryptocurrency

No thanks, I'll just pull data from Yahoo instead.

SlapActionJackson
Jul 27, 2006

Qwertycoatl posted:

If I understand it correctly, any NFT you mint can get you a twitter hexagon, and then people who care how real your ape is can click through it to the OpenSea page, which will them them whether it's from a "verified" collection ie one which has had >100ETH of wash trades done with it.

So if I want that sweet Twitter clout, all I have to do is mint a new NFT with the same OpenSea url payload as a famous one?

SlapActionJackson
Jul 27, 2006

Residency Evil posted:

Yup, this is generally true for all doctors, although it's not just true for "Tier 1" cities. Depending on your specialty, it may be tough to find jobs not just in LA/NYC, but also in Miami, Denver, Boston, SF, Philly, DC, etc.

Kind of a bummer tbqh, since the opposite is true for pretty much every other job.

How did this happen? IIRC, the pipeline for new doctors has been constrained for decades, and there were concerns of shortages instead of gluts.

Is it just a distribution problem where everyone wants to be a specialist in a major metro and nobody wants to be a jack of all trades in Bumfuck, IA?

SlapActionJackson
Jul 27, 2006

I still want to know who underwrote that mortgage.

SlapActionJackson
Jul 27, 2006

SlapActionJackson
Jul 27, 2006


:sickos:

SlapActionJackson
Jul 27, 2006

Leon Trotsky 2012 posted:

Need ECP to continue YOLOing

ECP is an extremely high bar to meet ($10M in assets). I wonder what he was doing that a crypto exchange of all places is pumping the brakes so hard.

SlapActionJackson
Jul 27, 2006

A16z and Adam Neumann have teamed up to investigate "What if CRE apartment management business, but tech company valuation?"

https://a16z.com/2022/08/15/investing-in-flow/

I'm sure there will be great BWM out of this venture.

SlapActionJackson
Jul 27, 2006

Magicaljesus posted:

$100/barrel water means the End Times are certainly upon the SW.

Yeah, they might have to proactively prevent HOAs from requiring their members to water turfgrass. Imagine the impact to ARE PROPERTY VALUES.

SlapActionJackson
Jul 27, 2006

100k a year isn't upper middle class?

SlapActionJackson
Jul 27, 2006

Leon Trotsky 2012 posted:

$800 in fees alone :eyepop:

Pre-sales tax too, lmao.



Aaah, ticketmaster. :allears:

I took the kids to monster jam recently and my $40 tickets had nearly $20 in fees tacked on. By percentage, those world series are a bargain.

SlapActionJackson
Jul 27, 2006

SBF set up his crypto empire with a division explicitly for reckless YOLOing prop trading, and still couldn't resist gambling with customer assets in the exchange division.

:master:

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SlapActionJackson
Jul 27, 2006

https://twitter.com/trondaoreserve/status/1590691862813478912

TronDAO runs their own death-spiral-financed stable coin that is currently depegged worse than Tether. Maybe they should put on their own life jacket first? They must really be worried that Tether might topple and wipe everything out.

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