Engineer, AI dev, game designer Games in Star Wars, Lord of the Rings, Command & Conquer... Interests: AI, investing, Belgian Malinois, guitar sim, Tesla
Joined March 2018
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Hey @CharlesSchwab, you have a policy where client services for HNW are not eligible for funds in 401k accounts. I'm not sure why, but let's assume there is a practical reason. You used to provide me client services, but now I'm apparently cut off.
Basically, I'm trying to avoid market timing risks by transferring securities in kind. But your normal procedure requires selling off and some limbo time. Why?
You should consider opening up at least limited client services for people actively considering where to move those accounts, e.g. into your own Schwab IRAs. Otherwise, you risk losing those customers.
I have various significant "move to us" bonuses outstanding with your competitors, and I assume many others do too.
If account to account transfers have as much risk as transfers out, you lose a huge advantage!
You are probably losing big customers at this decision point.
What the actual...
The lead story in the new issue of Popular Mechanics is “How to Fight a Data Center.”
How sad and bizarre. Another once-great technology magazine turned against technology by leftists.
Subscribe to @arenamag - we actually like technology, and America 🇺🇸
FAFO
Wow--SF Chronicle opposes Prop 40, with Elon being a main argument:
"...By some estimates, California lost an estimated $2.5 billion in capital gains revenue from one stock transaction in the first year of Musk’s move. In a state where 40% of state dollars are required by law to go to public education, that’s a $1 billion hole in California’s school budget from one man alone. sfchronicle.com/opinion/edit…
Steve retweeted
Loving Steam as a customer doesn’t mean developers should never question its 30% cut.
A former Epic Games dev says Steam has become almost impossible to compete with, even if someone builds a better launcher.
Kiaran Ritchie argues that developers aren’t really paying Valve’s 30% cut for its services, they’re paying for access to Steam’s huge player base.
He believes most Steam users simply have no reason to move to another store, even if it offers a better experience.
“They played capitalism so well they broke it.”
Ritchie says that Steam has become so dominant that developers can’t afford to ignore it, leaving them with no choice but to accept the 30% cut.
Exactly
It’s also a clear message to others who aren’t satisfied with the current Democratic leadership
If you speak up against us, we’ll do to you what we did to Elon.
If they’re willing to destroy America’s #1 EV company to stay in power, do you expect them to even bat an eye before squishing you?
Obviously Ruffalo will never read this, but you've gotta try.
Mark, I thought you knew something about green?
Literally nobody else has created so many green jobs and steered global transport toward an environmental friendly solution at scale with solar powered EVs.
And SpaceX had to sue to bid on rocket launch contracts. It now saves American taxpayers over 90% on launch to orbit costs. And it means we don't have to buy launches from Russians.
Also DOGE had no authority to cancel anything. All it did was flag corruption and waste. Beneficiaries are just mad that their money laundering programs were inhibited.
BTW, Literally nobody in history has paid more taxes.
Check out the impact reports from each Elon Musk company. They are doing insanely good and green things, much more than anyone else!
Don't be an NPC.
Don't be a useful idiot.
Think for yourself.
Be green.
Steve retweeted
Internet was open, and some people thought hey let’s close it up and start charging rent, that leads to today
Looking forward to it being open again
Apple is now blocking Cyberlink, Taiwan's #3 app company. That will certainly receive regulatory scrutiny.
Boring tech is dead tech
Bitcoin was way more interesting when new utility was constantly being added to disintermediate banks and cards for cheap and frictionless transactions.
Once the cost of use skyrocketed due to (governance capture and) mismanagement by its shepherds, nft collectibles and store of value paradigms took over. After that, it lived on inertia for a while but it became functionally stagnant and boring, nearly useless in any meaningful sense.
If BTC regains utility, perhaps in an agentic AI economy, it could find new life. I suspect that is unlikely unless it becomes fast and cheap to use again, and centralized custodians are disintermediated by personal agents holding private keys.
If you ever wanted to see the confluence of extreme discipline and deep concern, here you are:
Mary Phuong of DeepMind on AI loss of control risk.
"The last 2 minutes gave me chills.
A significant amount of people saying that AI companies are paying people to spread fear about these agents.
I have never really felt like [loss of control] was an actual thing to care about.
But seeing Mary and how her face trembles, made me reconsider my stand. She's either a Hollywood-level skilled actress, one of the best, or we should be scared. For real."
"Seems like Mary is already aware of more than she can admit and it haunts her..."
