Sharon Lu

Fintech Disruption = new ways of (re)organizing economic activity enabled by tech, creativity, purpose. Projs: tail-risk hedge, crypto primitives, NFTs, DAOs.

[Sharon Lu @SwitchSharonOn]

Double bankrupt and thrice Rekt, oh boy this might be the special situation of Special Situations.

[Lauren Hirsch @LaurenSHirsch]

Per new bankruptcy filing, BlockFi has $227m in Silicon Valley Bank. The bankruptcy trustee warned them on Mon that bc those funds are in a money market mutual fund, they’re not FDIC secured — which could be a prblm w/ keeping in compliance of bankruptcy law

[Sharon Lu @SwitchSharonOn]

@phenrikand @OttoJacobsson @APRAinfo @BIS_org Retail banking have changed a lot since the 1980s, basel / capital adequacy has replaced simplistic 'cash reserve ratio' and aims to standardize globally. Adequacy also extends (inclusive) of cash reserves % of deposits beyond to equity.

[Sharon Lu @SwitchSharonOn]

@phenrikand @OttoJacobsson @APRAinfo All banks under Basel 3 would use a similar form of statutory disclosure, which shows how they calc capital adequacy ratio.

Agree from jurisdiction to jurisdiction, @BIS_org allows leeway for each regulator to specify liquid instruments.

Hope that helps clarify.

[Sharon Lu @SwitchSharonOn]

@phenrikand @OttoJacobsson @APRAinfo Here's an example of instruments reconciled against liabilities and equity. I chose a regional Australian bank disclosure as it illustrates nicely on 1 page:

[Sharon Lu @SwitchSharonOn]

@phenrikand @OttoJacobsson I thought capital adequacy was 4.5~8.0% and @APRAinfo has been known to impose additional reserve requirements if identified risks in GRC, has something changed?

[Sharon Lu @SwitchSharonOn]

@tomgara Plenty of niche liquidations in crypto FIs, of which the spillover effects hasn't helped any bank long in maturities and concentrated deposit from tech.

#SilvergateBank #FTX #3AC #BlockFI #Celcius #Genesis #Voyager #SVB

[Sharon Lu @SwitchSharonOn]

@eddiecowan @Qantas cc @nibhealth travel insurance program

[Sharon Lu @SwitchSharonOn]

@eddiecowan @Qantas When your org has become more expert at white label marketing than product delivery (in-house product included) the lack of product control really shows

[Sharon Lu @SwitchSharonOn]

Waiting for step 2 to happen

[Snoop Dogg @SnoopDogg]

Should I run Twitter ?

[Sharon Lu @SwitchSharonOn]

@SnoopDogg @Boring_Crypto Step 1 just happened

[Andrew Ng @AndrewYNg]

1/Large language models like Galactica and ChatGPT can spout nonsense in a confident, authoritative tone. This overconfidence - which reflects the data they’re trained on - makes them more likely to mislead.

[Sharon Lu @SwitchSharonOn]

@stableshaman @0xUpside @NFTFestAus @rubberduckyETH hola, upsiders @kyall_walker

[Sharon Lu @SwitchSharonOn]

@stableshaman @0xUpside @NFTFestAus Sure thing @stableshaman @rubberduckyETH

[Sharon Lu @SwitchSharonOn]

@paulwallbank @GregBris @GrogsGamut Given lack of choice, I imagine the disclaimer "if you have concerns, speak to someone" will result in the production manager explicitly marking on that reel not to use the footage. Still interested whether opt out vs opt in holds up in court - @CoffeeandaCase1 ?

[Sharon Lu @SwitchSharonOn]

@paulwallbank @shannonmrogers segue: this has so many interesting implications in court. Take Tiktokers, especially those who film unwitting participants in their "random hacks of kindness" for likes (is it non-monetary at face value or ultimately commercial?)

[Sharon Lu @SwitchSharonOn]

@paulwallbank @GregBris @GrogsGamut What area of the airport was being filmed?

[Sharon Lu @SwitchSharonOn]

Asking for a friend*

Are parodies of this Parody Account

a) also eligible for TwitBlue?
For $8, capitalism is democratic (at the bottom)

b) some parodies Are More Equal Than Others
capitalism is autocratic (at the top)

c) both
capitalism is plutocratic

*corp governance,web3

[Scott Morrison - Former PM of Australia (parody) @scottyfrommktg]

Finally verified, thanks @elonmusk

[Arthur Hayes @CryptoHayes]

1/
What happens now that Baron CZ passed on FTX bailout and SBF is bankrupt. The next question is who could save FTX?