These guys always have the best write-ups. I aspire to write postmortems like they do. In fact, maybe my next context for a ChatGPT query will be “you are a member of of CloudFlare’s public relations team…”
All joking aside, it occurred to me that the vast majority of internet and even tech users know very little about DNS. For the longest time, I was in the same boat. After having been in a role where it was necessary to understand the record types and deploy DNS configs, I’m quite thankful I learned. Just remember…it’s always DNS.
I love the visualisations. It's really hard to make visualisations that are easy to read, look pretty and are still technically accurate. Cloudflare really excels at that.
> And so, the question: why are there so few of them? Here is just a smattering of the official actions that don’t exist[...]
This part of the article half triggered me and half made me laugh. I was recently on a GitHub webinar to listen to the pitch for CoPilot, but of course they also talked about Actions and GHAS. Anyway, during the overview of Actions, the presenters made a comment about how Actions was "backed by the community." It felt to me like a glaring admission that the product isn't mature. But in true Microsoft fashion, they charge you like it is.
There are multiple places. For sure other banks. JPM and other “too-big-to-fail” banks received billions of dollars in deposit inflows over the last few days[0].
But for me personally, I’ve been moving cash to US Treasury bonds, and based on recent bond prices, so have others. Short term treasuries were nearing a 5.1% yield as of early last week, and now are below 5% due to demand.
Last fall, I moved cash to HYSA accounts for a higher yield, because my bank was still paying 0.05% interest, presumably because they were loaded with low-yield treasuries and mortgage-backed securities.
In general, a bank is not a great place to park tons of money, at least that’s what I’ve learned. I’m tired of getting screwed by them. What the media calls “faith in the banking system” I call getting bent over. Of course there are valid uses for banks, especially in business. But I’m done parking large amounts of cash there.
How are you holding those bonds? Are you getting physical certificates and putting them in a safe/safety deposit box? If they're held electronically in a custody account at a bank that goes bust then I'm not sure you will be much better off.
Very unlikely, TreasuryDirect is so horrible to use, only if you must like I-Bonds. You just go into your brokerage and buy them on the secondary or even through auctions. TD Ameritrade and Vanguard brokerage accounts make this extremely easy. You can also sell your bonds whenever you want instead of waiting til maturity this way.
Sure its horrible to use. But it does the job, and is directly part of US Treasury auctions, so the prices are provably fair.
Brokerages will skim off a bit off the top when they sell you a treasury. In contrast, TreasuryDirect is direct-from-auction, with the fairest prices possible.
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Besides, its not like a notarized snail-mail form is that hard to accomplish. Back in the day, that was the only way to get any official business done.
Your local bank probably has a notary on hand to sign the appropriate form. If not, look up your Yellow Pages for the nearest notary.
I just checked Google, and there's a bunch of online Notaries. So I really don't expect anyone to trip up over this step.
I personally go to the bank somewhat regularly to pick up $5 and $1 bills. It wasn't that hard for me to have a notary form also signed for Treasury Direct access.
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Besides, there's a chance that you can get everything done online with Treasury Direct. It just so happened that there was some kind of issue that required me to send in a notarized form proving my identity and such.
But using a notary is kind of basic "adulting" skills. There are other government forms that require a notary. (Passports and such).
Can't bonds like these just be hold in custody at the bank, like stocks? They're property title no? Should my bank in the EU go bust, AFAIK, my stocks are mine. Isn't that the case for short-term US treasuries?
As for physical certificates, didn't the entire world move to digital certificates about 20 years ago? I remember my family having those old physical certificates where you'd cut some pieces of the paper out of them and then you'd go at the bank to get your dividends. And there wasn't much security: you stole these and they were literally yours, with nobody who could verify who they belonged to. These physical "bearer" certificates have been the plot of a great many movies but I think it's now (mostly?) a thing of the past?
My point is, if your bank goes bust, how long will it take you to get your stocks or shares back?
Supposing whatever caused your bank/broker/custodian to go bust was also causing the value of your bonds/stocks/whatever to drop and you wanted to sell asap. How fast do you think you could do that?
If you hold a large amount of cash in a low-yielding bank account, you not only get less yield but are also exposed to the possibility of bank failure (which is itself increased by the increase in treasury yields).
Banks never were great for yield, only as a place to route all your payments through, and even that is done badly in the US system as compared to Faster Payments.
The situation you've described has never happened. Out of all the options, it is considered the safest. People forget that the dollar is backed by the ultimate currency - military force.
There is a possibility that members of Congress are actively seeking to undermine the financial strength of the United States, and to do so will not vote to raise the debt ceiling. Weakening the federal government is their goal, conservative social issues are merely justifications.
I’m not sure what relevance you think the military has here in this situation.
There are just a few members of Congress that meet that description, however. They only wield a lot of power when the rest of Congress is divided neatly into two nearly equal parts. The moment actual default becomes a real possibility, the mainstream members of both political parties will briefly form a consensus and kick that can down the road a ways. Just like they always have. Not too far, mind you, because it must remain something they can argue about periodically.
The bad part, of course, is they likely won't do that until we've already done some damage to our credibility.
If you're going to hold until maturity, I don't see how the debt ceiling affects you significantly (any more than it would affect the entire asset market). The treasury will pay you eventually, likely within days.
If you are holding 10 year treasuries and were planning on selling them on the secondary market in July, yeah that could be very bad.
Over the last 10 years we've had to replace our furnace twice, and happen to have both gas and a heat pump (a hybrid system). Each time, we had a different contractor do the installation...but both guys told us that they like to run gas below like 30 degrees. The second guy said he runs gas exclusively - no heat pump installed in his home. I asked what the primary differences were in terms of efficiency, and both claimed that temperature at the register is significantly hotter, producing more heat with less effort and therefore more efficiency.
I haven't done any scientific testing; the only data I have to measure the difference is my energy bill (which of course is subject to rate changes). But I have indeed observed that with gas, our bill is lower during the very cold months, and I'm able to see this because I have years of data on what we spend each month on energy.
I have a aux heater that kicks in when the heat pump can't keep up, and I have noticed this. When the heat pump is running, the air coming out of the vents is barely warmer than ambient. Definitely less than 70F. When the aux heater kicks in, the air is actually hot.
A side effect is that the heat pump needs to run a lot, because heating a house to 62F takes a long time with air that it 65F.
Fair enough, but you need some sort of data classification and usually that tool can also do protection and leak detection. This tool is focused on just the canary part, if you have documents that can just get copied on a usb drive or emailed and exposed to the public there are plenty of good solutions before you accept that as an inevitable reality and implement leak detection via canaries. Don't get me wrong though, I'm a believer in deception tech in general.
In fact, Canon is going after third party lens manufacturers that are blatantly violating its patent [0].
One of the problems Canon has faced recently is a flooding of the market with super cheap lenses (we're talking 50-200 dollars for total junk). The people that are buying them are justifiably upset when the photos are crap because they incorrectly think its a camera problem. Hey, a lens is a lens, right?
Anyhow, there's wide speculation that Canon will license to the quality quality third-party makers at some point [1][2].
Bad products is not a reason close specs. Unless you are heavily vested into Canon’s lense ecosystem, or have no issues with money, it makes no sense to go with them; if we’re considering full frames. Glass prices are overly marked up by the body creators and quality is subjective when there’s Sigma.
Do you have a link to the patents in question? Articles I've seen about this are not clear about what is patented and I'm suspicious about whether it would pass a novelty/obviousness test.
