playday
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2 years ago
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on: Pooling and Sharing of wealth makes everyone's wealth grow faster
Let’s assume what you’re saying was true: doing less is better. Well just mechanically, a “evil” society that does more will attract more labor and capital than one that doesn’t. Any area of competition except “goodness” will be won by the evil country, such as space races, weapons development, and new technologies. That means the society which chooses to do less will be culturally, technologically, and militarily at the whims of the evil society. So the power dynamic will definitionally belong to the doing more society at the expense of the doing less one, and in the final state the goal of goodness by doing less has failed. This is a contradiction disproving the assumption .
playday
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2 years ago
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on: Pooling and Sharing of wealth makes everyone's wealth grow faster
It’s interesting because most Ponzi schemes present themselves as a way to pool and share wealth.
playday
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2 years ago
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on: Pooling and Sharing of wealth makes everyone's wealth grow faster
Then why is real gdp per capita in many Western European countries mostly stagnant since 2008? If what you’re saying was true, Europe should be growing faster than USA and even faster than countries like China that have much worse social safety nets.
playday
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2 years ago
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on: How the FBI took down the Qakbot botnet
Due to some recently revealed corruption issues in the USA that the fbi was covering up, there’s more drama than usual regarding funding. Expect to see lots of fbi fluff pieces until their funding is secured.
playday
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2 years ago
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on: The Cynical Genius Illusion (2018)
Smith here isn’t arguing for a moral reevaluation of selfishness but rather pointing out that market systems have evolved to take advantage of even selfishness. In areas where this market systems haven’t evolved proper mechanisms yet, the expectation would be high levels of fraud. For instance in the case of butchers, people can trust a local butcher more than a traveling one - and in modern capitalism, regulations allow monopolies to maintain a minimal level of quality.
playday
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2 years ago
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on: The global trading system is starting to rearrange itself
Economist is undisguisedly neoliberal, which also means it’s anti protectionist. The us centrist democrats haven’t been neoliberal since Obama. They’ve become nationalist and in favor of industrial policy.
playday
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2 years ago
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on: The global trading system is starting to rearrange itself
Noah has become a political pundit who tends to straw man the opponents to his preferred political ideology of centrist us democrat. That’s not to say he isn’t worth reading, it’s good to know what kinds of arguments that group is making because they are extremely powerful. But it’s important to keep in mind when reading articles like this where he’s hitting an extremely reputable magazine that isn’t politically aligned to him. It’s worth reading the article he’s attacking, as while it isn’t perfect it goes into much better detail on the facts than he makes it out to be- especially in something like re exporting where by the nature of the business it tends to be disguised from the public and the personal contacts a paper like the Economist has may be close to the truth.
playday
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2 years ago
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on: Ask HN: How to handle Asian-style “Family name first” when designing interfaces?
It depends on the purpose. Here you say it’s just so you can call them by their name properly, so just use a single text field “What name would you like us to address you as?”. If there’s legal or other issues that might not be good enough.
playday
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2 years ago
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on: X (Twitter) Obtains License to Store, Transfer, and Trade Bitcoin and Crypto
Yeah if someone is telling you that crypto is immune to regulation they’re lying and probably trying to scam you.
playday
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2 years ago
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on: Why McDonald's Ice Cream Machines Are Always Broken and How to Fix Them
Interesting that the DMCA is a major block for right to repair. Yet another reason why this disgusting law must be repealed.
playday
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2 years ago
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on: N guilty men (1997)
Most criminals offend multiple times. So if it’s better to let n guilty people go free than punish 1 innocent, how many times (x) would criminals need to reoffend for half of them to end up in prison? Been too long since I studied stats so I’m not sure what type of distribution to use, Poisson?
playday
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2 years ago
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on: X (Twitter) Obtains License to Store, Transfer, and Trade Bitcoin and Crypto
For those not familiar with us laws regarding money transmission licenses, they aren’t that hard to get in most states but the problem is that you have to get a license for every state you operate in- for an online business that’s 50 licenses. And there are capital requirements for each individual license, effective locking out web startups below a certain amount of capital. It’s part of why financial innovation in the us started with blockchains (which as protocols cannot comply) rather than tradfi like PayPal.
playday
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2 years ago
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on: X (Twitter) Obtains License to Store, Transfer, and Trade Bitcoin and Crypto
Bitcoin as a protocol can’t be regulated, but anyone using Bitcoin can be regulated. Same with taxes. In practice this means any entity that operates a registered company has its crypto operations regulated, while entities that operate fully on chain may not be regulatable (depending on structure and operational security decisions).
playday
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2 years ago
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on: Authentication on meet.jit.si
Using Google or Facebook is a cost, it’s around $10-20 to get an account.
playday
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2 years ago
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on: Authentication on meet.jit.si
Unfortunate but not surprising. It’s impossible to put up a 0 cost service on the net without it getting abused.
playday
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2 years ago
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on: The FBI Has Collected DNA Profiles for 21M People
Why not just tell them to delete the data or they are fired?
playday
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2 years ago
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on: Bitcoin ETF Approved for Grayscale by US Court
> It is a fundamental principle of administrative law that agencies must treat like cases alike.
This is from the circuit judge and is a big part of the problem the SEC faces. The SEC has expanded its jurisdiction so far that it must discriminate between favoured and disfavored entities. From the perspective of the SEC, it’s necessary in the face of innovation and the risks of new players. However it also means their legal footing regarding crypto generally is quite weak, as seen both here and in the recent ripple case (court ruled that investment contracts about digital assets are securities, but the actual assets are not securities).
playday
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2 years ago
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on: Our startup received GDPR violation “notice”
Using Google fonts is a type of fraud since most users don’t know that you’re giving Google some of their Pii.
Thankfully it’s easy to block with noscript. Too bad for people who don’t have technical knowledge or have other limitations that prevent them from protecting themselves from personal information theft.
playday
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2 years ago
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on: SEC charges Impact Theory for unregistered offering of NFTs
Unfortunately the defendant settled, instead of fighting in court like they should have.
playday
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2 years ago
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on: SEC charges Impact Theory for unregistered offering of NFTs
MLB cannot promote baseball if MLB is unprofitable and enters bankruptcy. It’s clearly connected.
