311–320 of 345 posts
> The investigators said they found other issues too, such as that Quadriga kept "limited books and records" and never reported its financials. New SaaS idea: Skin Lotus 1-2-3 and sell it as a "decentralized on-premise bookkeeping solution for your blockchain"
>decentralized >on-site you made my day
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Perhaps blockchains’ lasting impact will be as an overused plot device in future period pieces set in the early 21st century.
And making blockchain to SQL Server migration consultants wealthy too.
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Perhaps blockchains’ lasting impact will be as an overused plot device in future period pieces set in the early 21st century.
And making blockchain to SQL Server migration consultants wealthy too.
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And this is the problem. These guys are not regulated. There is no transparency. There are no external auditors. There is no control. When we find out, it is always too late. Every "cryptocurrency bank" is a potential Enron. I fear both the involvement of Central Banks and at the same time the lack of it. If EY (or anyone else serious about this) 'follows the money' then that would be a very interesting report to rea…
> These guys are not regulated. There is no transparency. There are no external auditors. There is no control. But that's a feature, not a bug, at least according to the crypto people. But, so far, all they have managed to do is rediscover lessons about the need for regulation, oversight and accountability that the financial industry has learnt decades or even centuries ago.
Have you met any of those people? Do they actually exist or are you imagining them?
I'm not convinced of the first half of the headline re laptop cracking. The article cites the latest monitor report, but the only paragraph I can find with the word laptop just implies the monitor has possession and success with some devices. """ As noted in the First Report, known devices of Mr. Gerry Cotten have been secured by the Monitor including, Mr. Cotten’s laptops, cellphones, USB keys and home computer. The…
https://www.reddit.com/r/Bitcoin/comments/ay34gc/experts_fin...
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There are bitcoin tumblers , essentially the idea is to split up the transaction into multiple transactions of varying sizes to various addresses and to keep doing that in such a way that it doesn't look weird... Basically they try to hide the transaction among the huge volume of transactions going on, kinda like a VPN or Tor?
1. If the coins were moved through tumblers that would be detectable and highly suspicious. 2. Safely tumbling large quantities of coins is especially difficult. At this scale I would wager twenty dollars that blockchain analysis should be able to trace at least some of the coins with high confidence. 3. It is rumored that many tumblers are run by law enforcement.
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The current brand of capitalism is not "free to fuck anybody", it's actually worse, it's "target the poor". Neoliberal economists specifically call for stealing from workers: https://krugman.blogs.nytimes.com/2010/02/13/the-case-for-hi... > even in the long run, it’s really, really hard to cut nominal wages. Yet when you have very low inflation, getting relative wages right would require that a significant number of…
The point is that relative wages need to be adjusted as the value of jobs changes over time. Some work that was very valuable in the past might have low demand now. If wages are sticky then jobs where value drops faster than inflation will simply go away. That's not necessarily the best outcome if the employee could have coped with a pay cut. High inflation does not imply that real wages shrink on average.
Certainly not! Inflation is great for the privileged, because it forces the hoi polloi into investment schemes to protect their assets from inflation, which disproportionately help finance the business adventures of the privileged (e.g. stocks, bonds).
Thus the average real wage will get higher as a few select individuals get huge astronomical wages.
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The Central Bank isn't regulated, isn't transparent and certainly doesn't have any external auditors either. I don't think you understand how cryptocurrencies, central banks and regulations work. Also, regulations doesn't protect against hacks or theft or shady practices.
Actually, every central bank is audited externally. USA: https://www.federalreserve.gov/aboutthefed/audited-annual-fi... Canada: https://www.bankofcanada.ca/wp-content/uploads/2018/03/annua... England: https://news.sky.com/story/kpmg-faces-fight-t
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Forgeron? Who uses that as a fake name?
Sounds like a succession of "almost bad" names: "Robertson" (robber), "Griffith" (grifter/grifteth?), "Forgeron" (forger)