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    MasterCard Joins Visa, PayPal On The Crypto Payments Bandwagon

    While I appreciate your defense, no need to devolve into insults. @Daal is a good contributor to discussion here and we are just having a discussion about something not really terribly important, to be honest.
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    Selling Premium - Strategy Never Discussed

    How about you just commit to learning what a Sharpe ratio is and posting yours? That's all anyone is asking.
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    MasterCard Joins Visa, PayPal On The Crypto Payments Bandwagon

    Again, when you make more than a company's market cap in a month or even a quarter it's trivial to poach that company's employees. He may not sell, but it would be pretty foolish not to sell your one trick pony with no defensible IP or real competitive advantage at the top of a bubble. Those of...
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    MasterCard Joins Visa, PayPal On The Crypto Payments Bandwagon

    GLXY has a market cap of $1.7B (GLXY.TO 19.63 1.40 7.68% : Galaxy Digital Holdings Ltd. - Yahoo Finance), GS has a market cap of $104.4B. That's 1.6%. Or to look at it another way, GS earned more in profit in the month of Dec alone than GLXY's entire market cap. Still not shabby, but I don't...
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    MasterCard Joins Visa, PayPal On The Crypto Payments Bandwagon

    GS isn't allowed to trade for their own accounts post Volcker Rule. So those desks only exist to the extent their are customers have a need for them to structure deals in crypto. In 2018 there weren't any customers with that need, so it neither made sense for GS to pay big bucks to maintain it...
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    MasterCard Joins Visa, PayPal On The Crypto Payments Bandwagon

    GS earned over $40B over the last year, they're doing just fine. Turns out they earn that kind of money because they enlist the advice of experts in pretty much every field that they're involved in. I've actually given a presentation to one of their teams at this same type of event for the...
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    MasterCard Joins Visa, PayPal On The Crypto Payments Bandwagon

    I know a few folks at GS. They're all doing just fine.
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    Business idea - buying old computers hoping for crypto?

    It's not a bad idea. Why not try it with 100 computers and see what you find. Might even be possible to buy a pallet of them all at once at an auction, I know people donate old computers to schools who presumably then just sell them in bulk since I can't imagine them actually supporting hundreds...
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    The investment firm profiting off surveillance states

    Yeah, you're right. Twitter telling your favorite cult leader he can no longer use their service to try to overthrow a democratic election is exactly like helping Bashar al-Assad track down dissidents so he could kill them. Well I mean substantially similar, right? OK, pretty much the same thing?
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    Using an LLC to protect oneself from a margin call?

    It's not too difficult to pierce the corporate veil of an LLC if you're not very careful about both how you set it up and how you run it. The protection the OP seeks may be somewhat illusory if they ever actually get into a situation where their LLC's account goes negative. And the legal costs...
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    What's the best state to live in for tax purposes as a day trader?

    Yes although you have to pay a 4% corporate tax so not quite zero. USVI has a similar deal. But the rub is you actually honest to god have to live there more than half the year. Puerto Rico is definitely a love it or hate it kind of place. If you end up living it then it's a spectacular deal. If...
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    Pandemic-induced lockdowns RAISED global temperatures in 2020

    You're right, must have been tired when typing that one!
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    Selling Premium - Strategy Never Discussed

    You're right, it's not a high risk strategy if you don't lever. As @traider just showed though, I don't know that he gets the same Sharpe as the market. I would actually think the opposite. If volatility was constant and predictable and there was no upward bias to the market, then yes, he would...
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    Pandemic-induced lockdowns RAISED global temperatures in 2020

    Again I'd ask you to read what I wrote. I very simply stated the fact that global CO2 concentrations have not decreased, but to the contrary continue to monotonically increase as they have for the past 200 years. CO2 levels before the industrial revolution where 280 ppm, they have almost doubled...
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    Pandemic-induced lockdowns RAISED global temperatures in 2020

    I've actually spent a good deal of time researching the subject, I run a business in the energy industry and it directly impacts my industry. As a result I'm very familiar with the carbon cycle and the natural sources of carbon sequestration, I'd be happy to engage in an in depth conversation...
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    Selling Premium - Strategy Never Discussed

    I evaluate my strategies based on something at least somewhat rigorous like a Sharpe ratio (I actually prefer the Sortino ratio) which allows me to determine if I have alpha or I'm just the beneficiary of chance. There's picking up nickels in front of steamrollers and there's getting alpha...
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    Selling Premium - Strategy Never Discussed

    And any fool can make $5,000 a week selling VIX calls and taking advantage of the inevitable decay of VIX futures, for months and months, until the week they get creamed and lose 10 years worth of that $5,000 a week all at once. You're right, the fact that someone made $X per week for a few...
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    Pandemic-induced lockdowns RAISED global temperatures in 2020

    Now you're starting to understand the basic concept that simply pissing in your pool only 4 times a day instead of the previous 5 isn't going to lead you to a clean pool or even a cleaner pool. Those folks in "ivory towers" you seem to think are a joke, I guess, have been telling us for many...
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    Pandemic-induced lockdowns RAISED global temperatures in 2020

    It's important to understand that GHG emissions are all additive. Meaning that at the end of 2020 we would have roughly the same amount of GHG in the atmosphere as at the beginning if zero GHG was emitted all year. But of course we continued to emit GHG in 2020, just not as much as in 2019. That...
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    What do ETFs typically do with the proceeds of lending the underlying securities?

    It's in the prospectus, not their fault folks can't be bothered to read it. How, exactly, do you see this leading to big problems? Big problems from lending shares would require somehow shares couldn't be returned when requested by the lending entity. That eventuality would require the breakdown...
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