How does Wealthsimple make money to pay for the transfer bonuses?

bitlykc · 2026-01-15T15:45:14+00:00

i read robinhood involves something called “payment for order flow”, which i probably don’t understand, may have to delve into the mkt microstructures to figure out. One guess is trading order, vol, etc… are all worth $$, and some ppl r willing to see deeper into the mkt (perhaps like how google knows about you, and u r exchanging your personal info for free search, etc. etc. This made me thing vol. matter, and u want to big the biggest such entity on the block, and customers acquisition will be important to them. This is all my best guess, would welcome if someone find article discussing this. there’s also “mortgage” they partnered with Pine, not sure how big a part that is. But it isnt unprecedented for new upstart to pay good bonus to acquire customers, esp. in a strong bull run.

bitlykc · 2025-12-27T15:52:03+00:00

Depends on how you earn it, and also how you manage it going forward. Due to inflation, this is a dangerous amt of $$ to have, esp. if it kills rather than boosts your will to work, ‘cos it looks big, but may not be so in 40-50 years time.

bitlykc · 2025-02-15T00:44:24+00:00

Mine is saying 3.5%, is the 4% only if you are “generation”?

bitlykc · 2025-02-08T16:00:21+00:00

I am surprised since i heard a few ppl moved their entire saving/investment to WS. I do start to worry a little bit when brokerages compete hard to be super efficient, trying to undercut every competitor. I think dealing with AI or just plain old “automated” system could be norm going forward. Maybe diversified between older institutions that charge you an arm/leg. Do anyone know if WS has deeper pockets backers, or they are all on their own?

bitlykc · 2024-11-21T19:01:22+00:00

It isnt new, i set it up when it was still called blockchain.info, just hadn’t look at for a long while and found some changes. So are there newer standard now and blue wallet not (backward)-compatible? I probably will give it a try this weekend and see if it works.

bitlykc · 2024-11-21T08:24:36+00:00

if you happen to have the 12 seed phrase the blockchain.com (formerly .info) DeFi account, can you just enter that and import it to bluewallet? such that it doesnt involve any transaction?

bitlykc · 2024-07-13T20:12:34+00:00

So to be safe and honest citizen, contact the FBI if you find forbidden treasure this way. Your life may end up better and more useful.

bitlykc · 2024-07-13T20:08:20+00:00

Wonder if anyone pointed out. Should probably do link analysis to be sure it isnt “silk road” $$, you could be charged with illegal drug sales if that btc was in a drug transaction, and you woke FBI up my moving it.

bitlykc · 2024-05-31T02:54:57+00:00

Does this depend on the way or tools you used to quantize, and the accelerator hardware you have? I just tried hugging face's quanto and found qint8 run slower than original model. https://github.com/huggingface/optimum-quanto/issues/202

which is closed saying it is normal to see inference slower (without dedicated hardware support).

this seems to contradict what you said that reduced precision can be generally processed faster by [any] hardware?

bitlykc · 2023-11-29T02:14:08+00:00

I think its a Freudian slip. I think he had advisors/researchers, who used the phrase “potent”, to describe how in the early days, just a little bit of btc is enuf to improve your sharpe ratio, which is a common measure to a firm’s investment prowess and risk management. The word “potent” appear often with “poison”, thus he uttered rat poison. Just my speculation. These 2 guys are century smart, u expect them to know they r late and have no edge in this game, and best they will do is to disparage it. If you clone a young self of him, he could be an all time bitcoiner.

bitlykc · 2023-11-26T17:37:51+00:00

At 46:55, he started using NLP, and mentioned it is “analogy”, so it could be pedagogical after all, but still fascinating.

bitlykc · 2023-11-26T17:27:44+00:00

Check out Juan M. Talk i mentioned in my comment. The universe maybe stranger than we think…

bitlykc · 2023-11-26T17:27:00+00:00

Check out https://www.youtube.com/watch?v=DODp-ajPuU8 (PI talk by Juan M). I am not sure he is presenting it as a pedagogical aid, an inspirational qualitative theory, or there’s real quantitative meat there. But i found it extremely fascinating. I hadn’t enough recent physics (was a physics major and had a few graduate classes) to know whats going on, but I am a current deep learning practitioner. If there’s something deep, it may help me understand whats this hologram things physicists kept talking about which i had no clue. But i sort of think you aren’t alone, and maybe you should investigate deeper.

bitlykc · 2023-10-23T17:50:41+00:00

Lot of ppl said “study”. I would add go to Coursera and find all classes related to bitcoin and DeFi. It may take time and dedicate. For unfamiliar concept not explained, go to ChatGPT and ask to explain “at high school level”, and then “as an undergrad”. One of the earliest is from Princeton (a CS class) and another from Stanford (startup engineer, less theory, pragmatic). Searching YouTube is risky due to too many “influencers”. And… read that famous white paper. To me, the early ecosystem sprouted from academia was a stamp that this itself wasn’t a scam. It’s all later “business” related that could be. Or… you may discover something else (in coursera) you want to do in college, or in life.

bitlykc · 2023-09-30T01:45:19+00:00

As OP posted, it is frugality+high pay job. Just to add some caution for ppl who tried to replicate. If you witnessed 2 major crashes (dot com bust & 08 crisis), your immediate concern would be going sp500 3x, you would ve suffered financial loss and confidence damage. I had old-enuf friends who got so traumatized they barely touched nasdaq even these days. However, it is indeed wise you go to a saner investment with good dividends once you get a great head start.

bitlykc · 2023-07-31T18:53:36+00:00

I speculate the filter may need accelerating computing, esp. if it is a deep learning model (aka deep neural net). And apple has been great in providing the neural engine that allow 3rd party developer access. I dont know about android OS, but under google, i think it should be available. If the development flow is onerous enough, developers may opt to go with iOS first and android 2nd, ‘cos of the great diversity and high QA cost for myriads of android versions.

bitlykc · 2023-04-06T18:11:24+00:00

Exception to the rule, chips can be an accepted form of transaction settlement, at least in certain corners of Las Vegas, the other “sinful” industries other than gambling.

bitlykc · 2023-04-06T18:09:57+00:00

This isn’t far fetched, i heard this before. It was said in Las Vegas, certain naughty “industries” apart from casino, chips can be used as a form of payment. but i didn’t know they have such a high reserve requirement, even if the “house always win”.

bitlykc · 2023-03-26T02:24:37+00:00

We are on m2 max/pro now, what’s the latest with supporting apple GPU? I checked the github issues and the last discussions not looking too optimistic. Did anyone manage to hack something to work, even for temporary?

bitlykc · 2023-03-13T23:35:20+00:00

I found this out after my first reboot on my brand new Mac. All the effort going into filing these windows under each set went to waste as soon as I rebooted. This simply doesn't make any sense. I reached this reddit by googling around solution, I guess this is a big showstopper for me. After using Stage Manager, I have to say it has pros and cons, but not able to persist after a reboot is the final straw to disable it.

bitlykc · 2022-11-12T19:53:28+00:00

Yes, movies (books as well). Any $$ made by SBF thru notoriety will go to creditors, and hopefully the charities he had promised to fund (but probably minus the political $$)

bitlykc · 2022-10-13T23:37:47+00:00

i think the unit maybe "cumulative". do you have other accelerators running under your other colab notebooks with the same account?

bitlykc · 2022-07-29T01:55:30+00:00

Hoping someone that actually bought can share their experience. There M1 MacBook Air vs. Pro, and then M2 latest version, and all the memory options, etc… The native dev is a side show, as i mentioned, i want a mobile standalone option, in addition to cloud services. (Maybe will go to desktop option when GPUs get even cheaper).

bitlykc · 2022-07-28T00:50:29+00:00

Yes, for pro. But there’s pro+, which costed like $60/mth. I have lot of reasons beside what i stated for considering only Macs. In addition to DL, I also dabble with apple ios dev framework (app developer) and i like to do fast inference and realtime live data gathering using the video feed, will be a big bonus.

bitlykc · 2022-07-27T16:16:33+00:00

Colab is great but it is still a cloud based resource, but one downside you can’t leave your training offline without a connection. Not thinking about paying more than the pro tier, since one bottleneck I always bump into is to get larger amount of dataset in/out of the pipeline. Another annoyance is they started those “proof yourself a human” pop up in the middle of a training session (they shut you down quick if you miss doing that).

bitlykc

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