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Moving money internationally

bam.kalzumeus.com

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Re: Moving money internationally

#21

Post by panarky »

tomnipotent wrote: post #19
panarky wrote: post #14

Earlier quoted context omitted.

Until he publicly reckons with how he got it so wrong, and what he's changed about his reasoning process as a result, we should degrade our estimate of his ability to think through complex problems.

Why does he owe you something? Should he similarly find every other topic he's been wrong about and make sure to offer apologies and postmortems on his failures? The dude works at Stripe, not someplace influencing government or health policies.

He doesn't owe me anything.

I'm just following his advice and reducing my confidence in his ability to reason about how the world works.

Re: Moving money internationally

#22

Post by toast0 »

mediocregopher wrote: post #15
jotm wrote: post #3

Very nice article explaining SWIFT and some other things. Being from a country no one gives a fuck about, I have experienced the sort of "discrimination" described many times. Banks, ISPs, stores, local ad users would just refuse to sell to me. It's a sad reality, but a reality nonetheless. I still remember a needlessly lengthy email from an incorporation service explaining to me the difference between "lawyer" and "…

Fwiw, I'm born-and-raised in the USofA and I couldn't tell you the difference, I think that person was just an asshole. (Though I suppose I also have learned most things from tv shows and the internet.)

Well, you can have a 'power of attorney' without being a lawyer. I think there's some of the difference there.

Re: Moving money internationally

#23

Post by zaptheimpaler »

capableweb wrote: post #2

Is it just me or is patio11 becoming more and more full of himself? I used to enjoy his writing a lot, but after joining Stripe it seems that something has changed. "I work for the Internet at Stripe" he says without further explanation. Unless "Internet at Stripe" is some internal Stripe group (then please explain what that is), he should have just written that he works at Stripe, full stop. Otherwise anyone could s…

I don't even understand what this criticism means. Does joking about his job title somehow mean he's full of himself? Would it be better if he said "Individual Contributor, Content & Communications at Stripe"? Some people think its arrogant to state your full job title too, like "what gives them the right to presume I care about their job so much?" or something?

IDK, i genuinely don't understand but would like to..

EDIT: or just downvote and move on that's cool too i guess. i have learned my lesson. he is disliked based on instinct and the reasoning is just post-hoc rationalization i guess. maybe asking for a justification in this regime is considered an attack.

Re: Moving money internationally

#24

Post by panarky »

solveit wrote: post #13
panarky wrote: post #4

Earlier quoted context omitted.

He made a giant ruckus complete with mysterious tweets with hashes of secret documents to claim that Japan was going to have mass casualties from their ostensibly botched covid response. It's okay to make a giant ruckus about something important that you believe nobody is paying attention to. And it's okay to be wrong about that. But it would be nice to see him publicly reckon with how he got it so wrong, and how he'…

Patio11 on this: https://www.kalzumeus.com/2020/04/21/japan-coronavirus/

Almost 11,000 words later and his assessment is:

"The core result was correct."

"This prediction was correct."

"I doubt every claim is exactly correct."

He refused to even acknowledge how wrong he was, much less grapple with how his methods of research and reasoning got it so wrong.

Re: Moving money internationally

#25

Post by JumpCrisscross »

paxys wrote: post #11

This is a great overview. They seem to be implying that banks that are otherwise not required to abide by sanctions (say, one located in China) can easily bypass SWIFT restrictions and transact with the affected Russian banks directly. How true is this part in practice? I'm going to ignore the last bit since that is tangential to the topic and ripe for starting a flame war.

> can easily bypass SWIFT restrictions and transact with the affected Russian banks directly

“Easily” is the squishy bit here. If they’re settling in dollars, probably not, unless someone’s carting around paper dollars. (This has been done.)

If they’re settling in rubles or yuan, for most definitions of “easily,” yes.

Re: Moving money internationally

#26

Post by gameswithgo »

Perhaps author of essay will volunteer to be on the front lines of an american strike team since he doesn’t approve of financial pressure against evil. Sadly that will also affect innocent bystanders by causing then to be exploded, as will inaction. But yes some oligarchs may unjustly lose their super yachts I guess.

Re: Moving money internationally

#27

Post by netsharc »

paxys wrote: post #17
pinephoneguy wrote: post #9

Last time I sent money to someone internationally Etherium really was pretty convenient. The Coinbase fees were a little high but otherwise it was near instantaneous, I already had some anyway, and I didn't have to deal with any real hassle.

The transfer part is straightforward, but the hassle with crypto is usually trying to convert it to/from the local currency at either end.

Crypto is a planet-destroying ponzi-scheme, but in a collapsed economy like Russia, I wonder if everyone can just have virtual wallets where you can buy goods by sending the seller some "coins". Which is basically the WeChat payment system, or how the Brazilian Real got established: https://www.npr.org/sections/money/2010/10/04/130329523/how-...

We already just exchange "coins" electronically, but with the Visa or MasterCard network getting involved...

Re: Moving money internationally

#28

Post by [deleted] »

panarky wrote: post #21
tomnipotent wrote: post #19

Earlier quoted context omitted.

Why does he owe you something? Should he similarly find every other topic he's been wrong about and make sure to offer apologies and postmortems on his failures? The dude works at Stripe, not someplace influencing government or health policies.

He doesn't owe me anything. I'm just following his advice and reducing my confidence in his ability to reason about how the world works.

[deleted]

Re: Moving money internationally

#29

Post by [deleted] »

jotm wrote: post #3

Very nice article explaining SWIFT and some other things. Being from a country no one gives a fuck about, I have experienced the sort of "discrimination" described many times. Banks, ISPs, stores, local ad users would just refuse to sell to me. It's a sad reality, but a reality nonetheless. I still remember a needlessly lengthy email from an incorporation service explaining to me the difference between "lawyer" and "…

[deleted]

Re: Moving money internationally

#30

Post by rootusrootus »

toast0 wrote: post #22
mediocregopher wrote: post #15

Earlier quoted context omitted.

Fwiw, I'm born-and-raised in the USofA and I couldn't tell you the difference, I think that person was just an asshole. (Though I suppose I also have learned most things from tv shows and the internet.)

Well, you can have a 'power of attorney' without being a lawyer. I think there's some of the difference there.

IIRC the 'attorney' in 'power of attorney' is a one-off that doesn't really have any relationship to contemporary use of the term.
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