• 11 Posts
  • 1.84K Comments
Joined 3 years ago
cake
Cake day: June 15th, 2023

help-circle
  • The actual details are bonkers

    According to the Daily Caller, the executive order would require the secretary of the Department of Homeland Security to compile a list of verified U.S. citizens in each state who are eligible to vote. DHS would undertake the effort with the Social Security Administration, the Daily Caller wrote, citing a White House fact sheet.

    The U.S. Postal Service would then be required under the order to only send mail-in ballots to voters who appear on the list, according to the Daily Caller. Election authorities in each state typically send out mail ballots to voters, not the Postal Service.

    Aside from being blatantly illegal, I bet if you dig into this you will find that the contracts have been given to all of Musk’s friends, using all the SSA data they stole


  • Every defendant in the US is entitled to a presumption of innocence, and the Prosecution is obligated to prove their case beyond a reasonable doubt. So, a defense attorney can be seen as performing a valuable service, to keep Prosecutors in check, and make sure they are doing their jobs correctly.

    But I do wonder sometimes if these defense attorneys ask their clients whether or not they did the thing, or if they expressly say “Don’t tell me whether or not you did it”…






  • I never understood why people claim to not have “faith” in Science. Science doesn’t want anyone’s faith. It wants facts, it wants proof, it wants repeatability.

    Religion and Science should not be in conflict. Science gives us powerful tools to explain the Universe, but cannot explain what cannot be observed. If you believe in a higher power, there is plenty of room for that higher power to operate outside of what Science can tell us.

    People who claim to not have “faith” in Science are just ignorant. Science will keep going, though, no matter what they believe.









  • Tether is an interesting experiment here. They are traded as smart contract tokens on top of various blockchains. They don’t really have any intrinsic value, other than Tether LTD saying “every Tether is 100% backed by currency reserves”, and releasing unsatisfactory “audits” now and then. It’s main utility is that it provides foreign exchanges with a way to trade in something that is like Dollars without opening them up to the regulation that comes with trading actual dollars. It’s market cap is currently in excess of $180 B.

    But, USDT has been around, in one form or another, since 2015. And while other “innovative” crypto products have crashed and burned, Tether has been able to keep its peg and has never failed to meet redemptions. Furthermore, it doesn’t need to be a scam. It’s whole point is to always be worth one currency unit, so all they have to do is invest that currency in safe conventional investments and they can literally make billions of dollars with very little overhead. The most obvious answer is that they are not a scam.

    I still don’t really trust them, but I have used them on exchanges, always making sure to trade through Tether to something I can redeem on a US exchange for actual dollars. But, I have to acknowledge they have lasted longer the most crypto entities. I wish they would get a complete audit together, but at some point their reputation for having lasted so long needs to be worth something?



  • I found crypto earlier than some. (not everyone – if I had more I wouldnt have to work anymore, haha!)

    IMHO, the main value proposition of crypto is permissionless peer-to-peer payments. If we both have crypto wallets, and you send me an address to make a payment to, I can send that without needing anyone’s approval first. I don’t need any bank to agree to have me as a customer first, or any government to approve why the transaction is taking place. All I need is a functioning payment network, and the original Bitcoin white paper solved how to provide that and preserve anonymity. (Really Pseudo-anonymity, but only the nerds care about the difference)

    As an academic experiment regarding permissionless payments, it is a resounding success. But, it turns out, Governments have laws regarding who can pay who regardless of the medium. So, just because Bitcoin enables permissionless payments doesn’t mean you done need to ask permission.

    Furthermore, the rapid increase in crypto prices really doomed any chance at all for useful adoption. Because people don’t want to spend crypto anymore. They view it as a Store of Value, and who can blame them, given how it has risen from nothing to a > $2T market cap, even after the recent downturn? You used to be able to use crypto in regular transactions, but not anymore.