Originally, tweet length was 160 minus username length. One day, I turned to Jack and pointed out that I got one more character than him. He said, "That's not fair. We should standardize." I agreed. He said, "How about 140?" I said, "Sure." And he updated the code.

It’s underremarked upon that stablecoins accomplish basically all of the original design goals for Bitcoin qua a transactional mechanism (instant free value transfer anywhere), but that nobody cares about this because nobody ever cared about that part of the pitch.

“Why do people care about stablecoins then?”

A mix of “they encourage dollar-denominated liquidity in the cryptocurrency ecosystem and discourage withdrawal of the same” and “they’re good for money laundering.”

“But they make value transfer between exchanges much faster!”

This was a solved problem in traditional finance, too, mostly through the extension of credit. (It doesn’t matter how long settlement takes if there is sufficient trust to enable credit.)

The Bitcoin ecosystem is *positively allergic* to credit, so you have to call it a coin for them to accept it. And after you call it a coin they ignore everything the world has learned about credit, like risk management.

“Stablecoins aren’t credit!”

They’re pretty much exactly credit? A tether is a zero-coupon Bitfinex bond with a non-functioning call option. I

YouTube’s ad business is officially bigger than Netflix.

YouTube ads at ~$35B run-rate vs Netflix at ~$31B run-rate

argh chrome updated and it seems they've intentionally broken custom search engines. I have had a keyword search for "foone" which searches my own twitter, so I just type "foone BLAH" and it gives me a twitter search for when I said BLAH, right?

but now I get that option in the titlebar of "search twitter self-search" which is the name of the search"
if I just type "foone blah" now...

it ignores the search I have had defined for years and just googles it.

and this is definitely on purpose because they didn't just break it, they changed it. it's now "fooneblah"

there doesn't seem to be an option to make this stop and get the old behavior back :(