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The big difference between the G3 processor and the G4 is that tl1e G4 has an additional , ... high-speed subprocessor that Apple calls Velocity Engine. Software optimized for Velocity Engine multimedia apps such as iTunes, iMovie, Final Cut Pro, and Adobe Photoshop, for example-can realize hefty speed gains. Mac OS X itself is Velocity Engine savvy and therefore runs much better o n G4 chips than on G3s. Software that hasn't been optimized for Velocity Engine runs at roughly the same speeds on G3 and G4 chips with the same megahertz rating.
MacWorld_0205_May_2002_pages_52_-_60.pdf
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What happened at FTX? “They stole the money” seems to be a true but insufficient answer. I think that part of the answer is that they found, and helped to build, a toy financial system, and they played with it. They didn’t take the game too seriously; they didn’t spend a lot of energy hiring accountants and compliance people, because that is not the fun part of finance. They built clever systems for margin lending and risk management, because it is fun to build an idealized trading system from scratch. But they also exempted themselves—Alameda—from that system, because it was just a game. In the real world, if you run a hedge fund and your balance becomes negative, the game is over. At FTX, when Alameda’s balance became negative, it got to keep playing.
How Not to Play the Game
bloomberg.com
The longer it takes you, the more likely it is that the clever arbitrage you’ve spotted will go away. In particular, the more you do the trade, the more likely someone else is to notice and do it in big size and make the arbitrage go away.
The Only Crypto Story You Need, by Matt Levine
bloomberg.com
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