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Joined 3 years ago
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Cake day: July 6th, 2023

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  • It’s not actually ridiculous in principle.

    Let’s say I start out owning a bank with ten billion in assets, and the bank’s value comes entirely from its assets so it’s worth ten billion.

    The bank loans its ten billion to you, and you pay me those ten billion for the bank. Now I have ten billion in cash instead of a bank that was worth ten billion, and you have a bank worth ten billion to which you owe ten billion. No one’s net worth has changed.

    You default on your loan to your own bank. Now the bank is worthless (its worth came entirely from the loan) and you have no debt, so your net worth still hasn’t changed. Effectively nothing has happened.










  • A friend of worked at a company that sold CNC cutting tools and they had an issue at a customer site that they couldn’t replicate back at the factory. It turned out that the customer’s internet connection was so slow that the CNC machine would boot up, the customer would actually start cutting with it, and only then would the NTP daemon synchronize the time. This caused all sorts of failsafes and sanity checks to trigger and shut down the machine (which tracked its own velocity by looking at its position sensors and the system time) but when the machine was shipped back to the factory it would work just fine because it had a much faster internet connection.