Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Hacker Publishes 2TB of Data from Cayman National Bank

twitter.com

Post reply on HN
Print view View original

431–440 of 491 posts

Re: Hacker Publishes 2TB of Data from Cayman National Bank

#431

Post by marcusjt »

daveguy wrote: post #301
dmix wrote: post #251

Earlier quoted context omitted.

So this activist has somehow profited from his “hacktivism” and he wants to spread his wealth to other activists?

Or possibly someone who became wealthy in the software/opsec industry who believes what they do is for the good of humanity. To a person with a net worth of 100MM+ 100k would not be significant. The funds didn't necessarily come from the hacktivism. Edit: Given the bounty is paid in bitcoin, somewhat more likely the funds are donations/fees from hacking. Not likely it came from funds deposited to an exchange (traceab…

Or possibly the payment is offered in bitcoin because that's how anyone "performing similar acts of hacktivism" would want to be paid?

Re: Hacker Publishes 2TB of Data from Cayman National Bank

#432

Post by C1sc0cat »

CaymanCruiser wrote: post #81
magashna wrote: post #49

Earlier quoted context omitted.

> quite frankly draconian rules that usually places them on US/EU/OECD blacklists Assuming ethics is not a concern

I think the true moral crime here is preventing sovereign nations (using bullying tactics no less) who lack natural resources and other income-generating resources from offering convenient and flexible regulatory climates to business who need it. Singapore and Hong Kong were two countries that did this for decades and look where they are now - why shouldn't Vanuatu or Seychelles be offered the same opportunity?

You have to be carful about letting just anyone waltz up and become a pay to play citizen - or you end up like Malta.

Re: Hacker Publishes 2TB of Data from Cayman National Bank

#434

Post by _8j50 »

BoorishBears wrote: post #287
_8j50 wrote: post #275

Earlier quoted context omitted.

There aren't enough rich people to compete with commercial airliner's emissions. Cruise ships are HUGE emittors(they even get around emissions control laws) for example but the western middle class is their user not the rich or poor.

You realize the first-world middle class taking cruises is as much a part of the rich as billionaires right? A yearly salary of something like 32k puts you in the global 1% of earners. I won't be so strict about the definition of the rich, but families having money for cruises are definitely part of the demographic I'm speaking to. And I mean, vacations is are just the tip of the iceberg, those people so poor they ha…

Being the global 1% earner means nothing in this context. Income is measured against context of currency. A USD can indeed buy a lot but perhaps housing is a lot cheaper in subsaharan africa than Manhattan? Same for food and other expenses? Regardless of their place in the world, being rich is only significant to how much expendible money you have left after accounting for neccessities. Even in america, $80k/yr can mean you're doing great if you live in some no name suburb or small town but you're lucky if you break even with that in NYC.

Your firewood analogies are sensetionalist but do not answer my question of how even if western civilization vanished over night climate change would be resolved? Perhaps delayed by a few decades. I would even say it might get worse due to undeveloped countries desire to compete with minimal costs and inability to create nuclear power or afford wind turbine farms,solar,etc... When oil,charcol and old cars are already affordable.

Re: Hacker Publishes 2TB of Data from Cayman National Bank

#436

Post by victor106 »

gxqoz wrote: post #50
jokoon wrote: post #21

After watching The laundromat, I think it's big news. Although I will always be curious why countries are letting those small, insignificant islands and countries manage all this wealth, and why they're trusted to do it. This can't be secure or safe. I'm curious about the diplomacy and the political implications of this. What if their office get robbed? What if the island gets attacked? What if one of those shady ban…

A recent piece in The Guardian argues that South Dakota and other US states are actually becoming the go-to place to store anonymously your illicit cash and make sure that your heirs can inherit it without taxes forever: https://www.theguardian.com/world/2019/nov/14/the-great-amer... Partly because the US has compelled other countries to provide more transparency without joining that transparency organization itself.…

The article says "Money in trusts grows tax free". Not sure that is true. I think and I could be wrong (someone please correct me) but the trust would still have to pay federal taxes at the highest rate after the first $5000.00 it makes for the tax year.

Re: Hacker Publishes 2TB of Data from Cayman National Bank

#437

Post by ClumsyPilot »

arethuza wrote: post #417
squiggleblaz wrote: post #380

Earlier quoted context omitted.

Tax assets not transactions. Land ownership is registered for good public purposes which does not unreasonably destroy privacy concerns - it's usually obvious who (person or business) controls the land anyway (who should a tenant pay the rent to? who gets to decide if you can be a tenant?) and it gives people a great deal of confidence that they know that whoever is recorded in the government land registry as having…

"it's usually obvious who (person or business) controls the land anyway" That's really not the case if the asset is owned by an opaque offshore company or trust - it's then pretty much impossible to know who the beneficial owner actually is.

Sort-of.

You can make use of Adverse Possession to take ownership of land. The owner must reclaim their property, (and prove their ownership) or loose all rights to it. Unfortunately in UK squatting in a residential property is a crime, amusingly adverse possession still applies - you could claim someone's house but go to jail.

It's a weak threat though, most luxury apartment blocks used for 'investment' have security, you need to reside continuously for 10 years, they will send the owner a letter, etc.

I would like to see the principle of 'use it or lose-it' for limited public goods like land.

Re: Hacker Publishes 2TB of Data from Cayman National Bank

#438

Post by sbarre »

balls187 wrote: post #129
sbarre wrote: post #64

Earlier quoted context omitted.

There is a great book you should read called Treasure Islands[0]. It's equal parts fascinating and infuriating, and makes you realize the system has never been set up fairly. Rich people have always had their own financial systems that are outside of, and one step ahead of, the regulations and rules the rest of us are subject to. [0]: https://www.goodreads.com/book/show/10197857-treasure-island...

Reminds me of a quote from the film The Usual Suspects-- "The greatest trick the Devil ever pulled was convincing the world he didn't exist." The system remains that way in part because a large number of people are duped into believing it is in their best interest to keep the system in place, despite the minuscule probability of actually benefiting from it.

The book shows that a lot of the people who sustain that system (by writing the laws we are all subject to, but leaving convenient loopholes in them) do actually benefit quite a bit.

Re: Hacker Publishes 2TB of Data from Cayman National Bank

#439

Post by vonmoltke »

ajross wrote: post #290
seppin wrote: post #229

Earlier quoted context omitted.

Also, governments are finding new and creative ways to put new taxes on already legal money. So yeah, privacy matters.

> Also, governments are finding new and creative ways to put new taxes on already legal money. Care to cite some? That's just a silly point. There's probably no area of regulatory theory more well travelled than taxation. Imagine a trick and someone has tried it, often thousands of years ago. And it's even incorrect as a practical matter in the modern USA, where government revenue as a share of GDP has been going ste…

> the modern USA, where government revenue as a share of GDP has been going steadily downward for like 70 years now

It has?

https://www.usgovernmentrevenue.com/revenue_chart_1900_2020U...

Re: Hacker Publishes 2TB of Data from Cayman National Bank

#440

Post by ClumsyPilot »

feanaro wrote: post #367
ComodoHacker wrote: post #314

Earlier quoted context omitted.

Majority of people paid their taxes, but many didn't, many more than today. Think of mafias of all kinds. So law abiding majority had to pay more to cover state expenses. Without computerized record keeping taxes were collected in person, often with support of armed force. And tax evasion could be as simple as hiding in the woods when tax collector comes. It worked, but not so well.

Yet the world itself worked rather well. That must either mean that taxing working well is not necessary for the world to work well or that it worked better than you are implying.

What does 'worked well' mean?

If you measure anything, infant mortality, poverty, murder rates, diseases, nutrition, education, which of them fit any sensible definition of 'well'?

Post reply on HN