Digital Currency AML/BSA Consultant | founder @cryptokycllc *all posts are ironic, and/or humor based*
Cleveland, OH
Joined November 2021
- Tweets47.1K
- Following1.5K
- Followers2.4K
- Likes102K
dsb retweeted
the truth of how banks look at your bank account
youtu.be/ivhkLsiGJ6g
dsb retweeted
JUST IN: France & Qatar jointly demand the Strait of Hormuz to be reopened without restrictions or fees.
dsb retweeted
THE TRUTH BEHIND ANTI-MONEY LAUNDERING
youtu.be/ivhkLsiGJ6g
dsb retweeted
A lot of questions this week on funding, so here's how a GPU typically gets funded at $IREN.
First, the customer signs a multi-year take-or-pay contract and agrees to a prepayment. On our recent 3-year contracts, prepayments have been 45% to 55% of the associated GPU capex.
Second, financing is committed, secured by the contracted GPUs. On the Microsoft contract we secured an A-rated facility at around 6%, which together with prepayments covers 96% of GPU capex. More recently, for a non-investment grade counterparty at Mackenzie, we secured financing at 9% fixed, which together with prepayments covers more than the full cost of the GPUs.
That's the GPU side. The data centers are a separate, long-term asset base, and we own the ones our GPUs run in. Construction has been funded from cash to date, with no debt against these multi-billion dollar assets. As they come online with contracted customers, they can support financing in their own right.
The processes behind the next facilities are continuing, and new paper will cost what the market charges. With GPU paybacks of around two years on our recent 3-year contracts, a wider spread barely moves the economics.
There's more customer demand than we can build for. As we noted at our recent earnings, 2026 is largely sold out, recent 3-year contracts are at more than double the prior year's pricing, and demand for anything we can bring online in 2027 covers it several times over, with prepayments a focus in every negotiation. Conversations on 2028 capacity are already underway.
Meanwhile announced capacity keeps slipping across the industry, which is the point: signing deals isn't the bottleneck in this market, bringing GPUs online is, and that's our focus.
dsb retweeted
I actually didn’t know this. Vivek wants to impose a high “inheritance tax”. I’m in farming so I know all about this and it’s evil as shit. When a farmer dies and passes his land and business that have been in the family for generations down to his children the government steps in and takes a big chunk. Didn’t think it was possible but I hate Vivek even more now
I am committed to cutting taxes for Ohioans, including our farmers, and making it easier for Ohio farmers to pass their land down and keep the family business going.
My opponent? He says any inheritance tax should be “very high” and claims it will help return Ohio to a “merit-based culture of excellence”, making it even harder to keep farms in the family.
I will always stand up for Ohio’s farmers.
huffpost.com/entry/oops-trum…
dsb retweeted
JUST IN: Bank for International Settlements finds crypto stablecoins directly compete with traditional bank deposits.
dsb retweeted
“Old People Smell” as we know it literally comes from seed oils btw
The only realistic way to remove the source of "old-people smell" is to wash yourself with persimmon soap. Ordinary soap won't touch the source of the smell, 2-nonenal, a kind of aldehyde that is highly hydrophobic.
Persimmon soap contains tannins which bind with the 2-nonenals and neutralizes it. The soap part washes it all away.
Lather up where the smell tends to concentrate: behind the ears, the neck, the upper back, let it sit for half a minute to allow the tannins to work, then rinse as usual. The acids will of course start building up again but unlike just relying on ordinary soaps, you will stay odorless far far longer.
You can buy really expensive and efficient medicated persimmon soaps for up to $20 a bar, but even the cheap supermarket soaps work really well. The brand I use is called 薬用柿渋石鹸 and widely available. 418 yen for a packet of three bars ($2.64).
Kakishibu is tannin rich astringent persimmon (not the sweet one you eat) and grows almost anywhere in Japan, and has been used as a dye or preservative for centuries, it wasn't until
2001 that Shiseido (a cosmetics company) researchers found the link between "old people smell" and the 2-nonenal and how to eliminate it.
Everyone starts getting it from the age of 40, it just happens as we age, but some people smell more, some less. Women also tend to smell less than men until around 75 when they too catch up.
dsb retweeted
If you got edge- a process that works over a few hundred trades. Your job is just to get reps. Lots of amateurs obsess over EVERY trade winning. Just waste of energy and time. Next trade mindset is the only way.
dsb retweeted
Tired of this excuse. First of all, social security is not something you “pay into.” If it were, you wouldn’t need younger people to “pay into it” in order to get your check. But you do. Because this is a Ponzi scheme, not a retirement account. What you really mean to say is that your money was stolen from you — which it was — and now you want to steal from younger people to get restitution. That’s the actual case you’re making and it’s exactly as morally deranged as it sounds.
Second, your generation continually for decades voted for politicians who would keep the scheme going. You might not have invented social security, but you damn sure made certain it kept going. Why should younger people have to pay the price for the shitty policies you supported?
Third, you “paid into” social security in a different time. The country is now bankrupted and 40 trillion dollars in debt, and basic things like housing are prohibitively expensive. It wasn’t like that when you were young, because your generation of leadership created this problem.
So the theme here is that there are a bunch of problems you guys either created or contributed to. You can choose to pay the price for that now, or force your grandchildren to pay the price so you can live comfortably until you die and leave them holding the bag. You’ve chosen the latter, and I think that’s wrong. Simple as that.
dsb retweeted
I understand that the social security conversation is political poison. But I’m not running for office so I don’t care about that. Taking huge chunks out of the paychecks of young working Americans in order to pay for the retirements of older Americans who have a net worth several times higher, all to prop up a system that everyone knows likely won’t be there when those younger people are retirement age themselves, is morally abhorrent and economically insane. Everyone knows it, too, but we’re held hostage by elderly politicians who refuse to surrender power, and older voters who, as a group (with exceptions, obviously), simply don’t care all that much about the financial and cultural future their grandchildren will inherit.
dsb retweeted
University of Notre Dame (@NotreDame) just filed notices of intent to hire 4 H-1B employees
- Associate Director, Global Supply Chains ($100k)
- DevOps Engineer ($82k)
- Executive Director ($155k)
- Executive Director ($155k)
No Americans were qualified for any of these jobs.
dsb retweeted
JUST IN: 🇸🇦🇺🇸 Saudi Arabia's oil exports hit highest level since Iran war began as shipments increase through new US-secured Strait of Hormuz route.
Saudi's crude oil exports increased almost 80% this month to 6 million barrels per day, despite a drone attack that knocked the East-West oil pipeline offline.
Saudi Arabia increased its oil shipments through the Strait of Hormuz using a new US-secured shipping route along Oman's coast.
Brent crude oil hit $110 after the pipeline shutdown earlier this month, but prices have since fallen as exports continued to increased.
