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Joined 1 year ago
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Cake day: June 9th, 2023

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  • On money counting…
    Well, $500 and $1000 bill was discontinued in 1969.
    So, if you are dealing with those bills, you are dealing with collectors who will be more particular.
    So, let’s got with $100 bills.
    Googling “fastest bill counter” gives the “JetScan iFX i100” which can do 1600 bills per minute.
    Which is only 6.25 minutes for $1M in $100 bills.
    And it had counterfeit detection.
    Honestly, that’s a hell of a lot faster than I expected.
    If the bank has/uses automated machines for customer deposits.

    Anyway, I don’t think a bank would accept a $1M deposit.
    Any deposits over $10,000 require special processing by the IRS.
    Indeed, all financial institutions need to abide by “know your customer” rules.
    https://en.m.wikipedia.org/wiki/Know_your_customer

    If you are a regular banker than has a $50k salary and you rock up with $1M cash, a bank is going to refuse you. Or at least do a hell of a lot of due-diligence.
    It’s all about anti-laundering and anti-terrorism these days, and they need to manage the risk of having you as a customer.
    If you have a history of big cash deposits, then it might be easier.

    Even then, chances are you would have to go to a fairly major branch of a bank for them to be able to accept the risk of holding $1M in cash.

    I know modern banking is “Money in, money out. So easy”.
    But beyond certain thresholds, risk management, government agencies and laws all come into effect. And you can bet your ass, a bank will be wanting to minimise their risk!




  • All it does for me is double down the imposter-syndrome.
    I’m not good at this… People keep hiring me, maybe I’m alright at it. Dunning-Kuger is a thing, maybe my “people keep hiring me” ego is making me blind.
    And yet, every day I do cool things, I learn new cool things, I redo old things with my new knowledge
    But still… I’m just pretending



  • Which is awesome.
    I actually have no idea where Blockchain tech could exist.
    A reputation could be an excellent example. But if it can be manipulated or gamed, it kinda makes it pointless.
    At which point a centralised registry makes sense.
    As long as the central registrar can be trusted.
    But I don’t think Blockchain solves that point of trust.

    So, once again, turns out Blockchain tech is pretty useless.




  • I think getting to a bank, explaining where 1M in cash came from, getting them to accept the deposit, getting them to count it, then spending it in less than an hour is not feasible.

    Because, depositing it in a bank is not enough.
    It has to be spent.
    So, if you don’t spend it then the bank is left without however much disappears… If that makes sense.

    And, given that, I don’t think investing is a suitable application.
    Otherwise, just invest it directly at the bank.
    Maybe you don’t get inflation-beating interest (ie, if it was your 1M you would be losing money), but after whatever-term you get 1M of clean money to spend.


  • I certainly feel like the protests have gone beyond the API charges.
    They were certainly the instigator.
    However, the continued protests came around because of Reddits attitude towards the 3rd party developers, internal Reddit memos dismissing the protests, an AMA that doubled down on these disliked opinions, further interviews that lots of redditors think showed that Reddit doesn’t understand what they have/are doing (or don’t like what Reddit are doing), trying to forcefully reopen subreddits to dismiss users opinion.

    It’s a culmination of Reddit doing strange things (video streaming, chat, NFTs) that nobody really wants, in order to try and be something they are not, then finally trying to forcefully monetize their users.

    I think these further protests show that Reddit isn’t as smart as it thinks it is, and has no idea what it is doing, what its market is, what its core users are…

    They could have required 3rd party app access to require Reddit Premium, with enterprise access plans for AI companies.
    This covers everything.
    Allows the same monetisation as 1st party premium subscribers (albeit with less extra user meta data).
    Age verification for NSFW API access.
    Premium subscription could even be tiered to separate the modest users from the heavy users. And enterprise plans that can pay for the heavy data usage.








  • If you have a spare machine lying around, install proxmox.
    It’s a great way to learn VMs and networking.
    Then you can create a VM, snapshot it (as a restore point), mess around with docker or podman, break stuff, then restore the VM to try again.
    All this runs on your local network, so when it comes to setting up a Lemmy instance, you are going to want access to it from the internet. Things like Cloudflare and Tailscale can make this very easy.

    It’s a wonderful rabbit hole of learning!
    I would recommend /r/homelab or /r/selfhosted but I think those communities are still finding a home on the fediverse