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— Andre Cronje (@AndreCronjeTech) January 15, 2021
So Curve is awesome for swaps between similar assets, right? The fact that they trade very close to each other is a key part about how Curve works, using it's custom swap invariant function.
That's step 1
Step 2 is that Synthetix is awesome for creating "synthetic assets" (aka synths) which are assets that trade like other assets, that are backed by another, entirely different asset. Basically, a plastic banana that I can buy and sell like a real banana.
Synthetix has a feature that lets you swap between any two synths with zero slippage and a flat fee. That's because it is simply converting the sythentic asset into another synthetic asset, the backing for the synth doesn't change it just uses a different price oracle now.
This is important. Absolutely no slippage, at any size
Swap $1m sUSD for $1m sBTC? flat 0.3% fee
Swap $10m sUSD for $10m sBTC? flat 0.3% fee
swap $100m sUSD for $100m sBTC? Well, there isn't that many synths in Curve, yet but you get the point. The only limit is the pool depth
But let's not forget how the boomers royally fucked over their juniors. Do you know the surest sign of a bubble? FRAUD.
Can you imagine getting a PhD and being unemployed? I\u2019d be pissed, bitter, angry at the world. I would spend my time convincing others to feel the same way.
— FURU\u2019R\u2019F\u2019 (@1withdirt) January 16, 2021
Remember the recession? I do, since it happened right when I was entering college. One of the big things that tipped off Burry and other autistics was fraud in the mortgage market.
The PhD is the same: everyone lied to the recent buy-ins about their likelihood of success.
I interviewed at five different graduate schools when I was looking into PhD programs. 4 out of 5 directly and blatantly lied about their placement rates.
It was hard to figure this out because it wasn't on their website; I had to look up all the school's completed dissertations
Why would they do this? Well, professors want grad students for several reasons: teach more courses, get more students, grow the dept, get more funding, etc.
So many completely hoodwink students into signing into PhD
When I was working on my PhD our department brought in an outside group to evaluate the department and it was recommended they scrap the grad program. Advice was rejected because would result in faculty positions lost. So they keep churning them out.
— Max Castle, deposed former president (@realMaxCastle) January 15, 2021
It keeps getting worse. Two years ago I interviewed for a job at a mediocre university that created a _new_ PhD program. There are already no jobs, and they created a new PhD
I bombed a Skype interview two years ago because I said, "you _created_ a new PhD program?" Turns out it's nice to vote yourself RAs who will have terrible job prospects. Little sign of slowing, except for a few departments that took covid breaks.
— Evil (Political) Scientist (@knrd_z) January 15, 2021
First let's talk bankruptcy. What is it? You get protection from debts, but you have to tell highly trained federal officials EVERYTHING about your business and convince your creditors that you are being honest. It is a significant hurdle and requires you to reveal A LOT.
And the NRA has A LOT to hide. For instance, it is actually a complete fraud. It raises money from gun loving suckers and funnels MILLIONS to a shady "ad agency" Ackerman McQueen which is the actual thing scamming suckers for profit.
We know this because during a leadership squabble between Ollie "Felon" North and Wayne "Cynical Greed Personified" LaPierre, the NRA sued Ackerman McQueen accusing it of overbilling and then all hell broke loose.
Among the entertaining parts of that pissmatch, was Ackerman outing LaPierre's summer "intern."
Today @DerWouter tagged me with this little tidbit. The woman on the right (an NRA intern and "gift coordinator") is specifically named in an AMcQ letter to Extermely Horrible Person Wayne LaPierre. https://t.co/OLU7UVUVIP.
— Dirk Schwenk (Esq) \U0001f3b5 (@DirkSchwenk) May 13, 2019