@LouisIngenthron Had SVB collapsed then, FDIC would have made us whole. But probably not in time for us to survive.
@LouisIngenthron When I was in grad school a decade ago, a classmate and I started a company with a couple thousand of student loan money. We opened an account with SVB completely online, and were treated like the business we hoped to become one day. Like most businesses, it didn't pan out. We had 99 problems, but business banking wasn't one.
I feel like there's almost a level of glee about SVB going under. But as far as I can tell, it's a big loss for folks who like innovation. And unless arrangements are made to unlock liquidity for depositors, many people may not get paid for their labor and many otherwise viable businesses could fall into crisis.
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The woman who sued McDonald's after suffering severe burns from hot coffee spent years as a "frivolous lawsuit" punchline -- but returning to the case makes it clear that instead, it's a cautionary tale about the dangers of believing corporate disinformation campaigns:
@davepell Classic prisoner's dilemma
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@carnage4life I think the prices in the mid 10s were a balancing point between further oblivion from the FTX collapse and a reprieve from destruction. As it turned out, the fallout from FTX didn't knock over all of the dominoes, so it turned out the drop overshot. Silvergate brings things back into "oh God who's next?" territory.
It'll take the collapse of Binance or Tether to drop bitcoin below 10, I think.
@erininthemorn As a former Iowan, this is so incredibly disappointing.
@futurebird sounds like the word "grok" as opposed to "know"
@futurebird it's not coming up right away in search, but I'm gonna try to find it!
@futurebird That's what's up. I see a lot of people I respect over there still posting like nothing's happened, and it's really disappointing. Although I know a lot of folks have a lot riding on the reach they've built there, and I do not, so it's easy for me to criticize. But it's awesome to hear you've found success here.
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I'm starting to think twitter was... limiting if anything. I know most of ya'll don't care about follower counts, which is refreshing, tbh.
But, I think this little factoid is best used to reassure those who don't leave because they don't think they'll ever have the same amount of fun. And those like various creators who feel being connected is part of their job.
@ct_bergstrom "different things are all the same!!"
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Happy #BlackHistoryMonth !
Still not talking about Black History. Still talking about white US History.
The US *loves* soldiers and veterans! Virtuous! Service! 🇺🇲🦅
The US *hates* homeless people. Lazy! Dirty! Want a handout!
But... ~1 in every 20 US homeless folk is a Black or hispanic veteran. 🤷🏿♂️
In the USA, the phrase "support our troops!" is a euphemism that does mean military jingoism, but doesn't mean supporting all of our troops.
1/N
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“Is there nothing anybody would say that would cause you to cease your association with them? If so, then what you are is not a proponent of free speech, but lazy amorality.“
This piece is so good.
https://armoxon.substack.com/p/the-case-for-shunning
Nonsense Twitter race baiting
That friend? Abraham Lincoln.
@lostlifefound@mstdn.social it's a very different experience. The lack of algorithm means that there's much less of a main character effect here, which is one of the draws of Twitter. Also, I think people with 5k+followers get a lot more juice over there. It is really disappointing to see people give their content to that ogre over there.
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There's a loose consensus that the plaintiffs botched their oral arguments today in the pivotal Gonzalez vs. Google case. One of the reasons why surprised me — though it shouldn't have!
https://www.platformer.news/p/the-people-who-want-to-end-section
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Here's a preview of #SpaceHost, a fully-managed Fediverse hosting service that @reiver and I are building.
As you can see, you'll be able to select your Fediverse community server based on:
* Micro Blogging
* Macro Blogging
* Forums
* Image Posting
* Video Posting
* Media Posting
* Social Coding
@fediversenews
I am now @acjay
Joined Oct 2022
