Earlier quoted context omitted.
i do not think you understand the reality of someone living, for instance, paycheck-to-paycheck. "1-2 weeks in jail", which you seem to suggest is not that big of a deal, is a lost job and unpaid rent, to say nothing of other responsibilities (for instance, children or pets). does this seem like a reasonable consequence for being merely accused of a crime? i brought up the human rights angle because your line of thou…
That's the “Universal Declaration of Human Rights” not “UN Declaration of Human Rights”.
Cryptocurrency Is the Next Frontier in the Quest to Abolish Cash Bail
71–77 of 77 posts
Re: Cryptocurrency Is the Next Frontier in the Quest to Abolish Cash Bail
#72Earlier quoted context omitted.
I'm sure this won't be a popular opinion on a website where most people probably make close to 100k but bail would be a lot more fair if it were based on total income.
Typical bails are so small already that I can't seem to get riled up over this particular "injustice". An assault and battery charge will generally get you a $10K bail. Assuming the typical bondsman charges 10%, that's a measly $1,000 to be walking the streets again after assaulting someone. I can already hear the stampede of justice troopers coming to tell me that $1,000 of emergency funds is too much to ask of your…
In fact your arrogant assertion that this isn't injustice is fucking offensive. I am having trouble not attacking you personally because of how ignorant you came off in this post.
Re: Cryptocurrency Is the Next Frontier in the Quest to Abolish Cash Bail
#73Earlier quoted context omitted.
oh dear. the presumption of innocence is an international human right. justice-by-statistics is an extremely bad idea.
At the core of this is the old, philosophical question of, "Is it better to let one hundred criminals go free if it means not wrongfully convicting one innocent man?" Considering that we are talking about bail (meaning 1-2 weeks in jail, not a lifetime in prison) and we have justice systems that are right 80-90% of the time, I lean towards the more pragmatic statistical approach. The "internationally recognized human…
Re: Cryptocurrency Is the Next Frontier in the Quest to Abolish Cash Bail
#74Earlier quoted context omitted.
i do not think you understand the reality of someone living, for instance, paycheck-to-paycheck. "1-2 weeks in jail", which you seem to suggest is not that big of a deal, is a lost job and unpaid rent, to say nothing of other responsibilities (for instance, children or pets). does this seem like a reasonable consequence for being merely accused of a crime? i brought up the human rights angle because your line of thou…
So what if my thoughts run counter to some UN document? It's interesting that you evoke it in such a religious manner, as if that alone should shut out any discussion.
Re: Cryptocurrency Is the Next Frontier in the Quest to Abolish Cash Bail
#75Earlier quoted context omitted.
The problem is the extreme inefficiency of the trade-off. That electricity is probably being converted to Bitcoin at a much worse exchange rate than a large miner would get, so we are essentially wasting electricity in order to give the donor a better story than giving directly.
Charity donations are driven by lots of things that are inefficient but provide a better story. The inefficiency is, in effect, part of the cost of marketing a charity. Charity fundraising is about maximizing net donations, not maximizing donation efficiency. There may be some causes where the potential donor pool is such that the latter is important to the former, but, irrational as it may be, it's generally not.
In any other domain, I would agree with you, but charities are at least theoretically about maximizing total gain to society, not just the narrow interests of the charity organization itself.
Doing the equivalent of the broken window fallacy in order to capture a larger share of nonprofit donations is literally the definition of organizations turning parasitic and no longer serving their original purpose.
This is why competent nonprofits are judged by metrics like administrative efficiency nowadays.
Re: Cryptocurrency Is the Next Frontier in the Quest to Abolish Cash Bail
#76Earlier quoted context omitted.
Charity donations are driven by lots of things that are inefficient but provide a better story. The inefficiency is, in effect, part of the cost of marketing a charity. Charity fundraising is about maximizing net donations, not maximizing donation efficiency. There may be some causes where the potential donor pool is such that the latter is important to the former, but, irrational as it may be, it's generally not.
> Charity fundraising is about maximizing net donations, not maximizing donation efficiency. In any other domain, I would agree with you, but charities are at least theoretically about maximizing total gain to society, not just the narrow interests of the charity organization itself. Doing the equivalent of the broken window fallacy in order to capture a larger share of nonprofit donations is literally the definition…
No, they aren't. That is government.
Charities are organized for a specific identified charitable purpose and are generally not, even in theory, any less narrowly focussed on that identified purpose than a for-profit firm is on serving the common, usually financial, interests of it's stockholders.
> This is why competent nonprofits are judged by metrics like administrative efficiency nowadays.
The administrative efficiency measures used by outlets like Charity Navigator are feel-good metrics that favor unevaluated, uncontrolled funnelling of money in the hope of achieving the notional objective. A real charity efficiency measure would measure its cost-effectiveness at achieving outcomes that are its charitable purpose, not administrative vs. program funding measures (and, as a consequence, would probably only be directly comparable within the same domain.) Administrative efficiency is used because it's cheap, easy, and portable across domains, not because it's even remotely meaningful.
Re: Cryptocurrency Is the Next Frontier in the Quest to Abolish Cash Bail
#77Earlier quoted context omitted.
You're spot on in pointing that out. There is one problem with that however. The Federal Reserve system is directly supported by the economic output of the entire US and the taxing power of the US Government (it's further supported by the vast global demand for dollars and the dollar as the global reserve currency; that global reserve status can be further ensured by the US military). For example, if US budget defici…
Bitcoin's value is backed by its hashing power and all the resources required for that. Arguably a foundation just as valid (and more ethical) than a nation state's guns and bombs.
And calling the massive waste of resources involved in Bitcoin mining ethical is fucking hilarious. Congratulations, Libertaria has invented a new kind of evil.