Join 📚 Josh Beckman's Highlights
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Politics legendarily creates strange bedfellows. Crypto companies are now asking the CFPB to revive a regulation protecting a business the first Trump administration kneecapped, after which the second Trump administration hollowed out that same agency, despite campaigning against kneecapping tech and crypto—leaving the CFPB, long a sworn enemy of big banks, in Chase’s corner dismantling the crypto industry and suppressing competing payment methods, because the administration apparently thinks that’s what its backers want.
Open Banking and Payments Competition
Patrick McKenzie (patio11)
The most important notation that summarizes a queue:
• ρ: utilization ratio = λ / μ
Examples:
• ρ = 1 means the arrival rate is equal to the service rate; the queue is staying the same size.
• ρ > 1 means the arrival rate is greater than the service rate; the queue is getting larger.
• ρ < 1 means the arrival rate is less than the service rate; the queue is getting smaller.
Queueing Theory
joelparkerhenderson
If you start by stealing $1,000, pretty soon you need to steal $10,000, and then $100,000, and then you find yourself running a billion-dollar Ponzi. And there’s rarely a way to come back from that.
Fwd: Money Stuff: FTX Friends Flip on SBF
Josh Beckman
...catch up on these, and many more highlights
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