231–240 of 518 posts
Earlier quoted context omitted.
Tomorrow your bank could cut you off from your own money because you protested the government[1], and what could you possibly do? Having the freedom to truly own your own money and investments is valuable in and of itself, no matter how much crypto "devolves" towards traditional finance in other regards. [1]: https://www.nytimes.com/2022/02/22/world/americas/canada-pro...
Instead, you can lose access to your money just because you forgot your secret key.
Among the innumerable problems with cryptocurrency, this is not one of them.
Earlier quoted context omitted.
> We really really really need some legislation about governmental agencies using privately owned companies to announce things. What kind of legislation? There's a whole lot of existing law that applies in that domain (both statute and Constitutional case law), but if you think we need different laws, it probably helps to at least present the general shape of the law you want rather than just that it should in some w…
An example might be that the government sets up its own very basic one-way tweet-like notification service, something as simple as or simpler than an RSS feed, with the official content accessible directly via a .gov hosted web page. Whatever X is or becomes, as owned by private interests, is trusted with nothing more than scraping and rebroadcasting the original and authentic source. A solution with less developer a…
For what it's worth though, I think the solution to that is people should have some real amount of education about the function and potential dangers of the internet before getting on it.
Why do government agencies even have accounts on proprietary walled-garden online platforms? Those are for purposes like celebrity publicists, influencer brand promotion, disreputable mob behavior, and astroturfing. The SEC doesn't need brand promotion, nor to be caught up in nastiness like pervades X/Twitter. The SEC already has the authority, they do their job with it, and presumably they value respectability. Earl…
That said, now that the Fediverse exists, ideally all of those government agencies would self-host their accounts, either individually or via a server for many different agencies of the same government. It makes sense for the SEC to be @sec@sec.gov or @sec@usa.gov rather than example.com/SECGov . (Which, of course, does not prevent them from having security issues.)
Why do government agencies even have accounts on proprietary walled-garden online platforms? Those are for purposes like celebrity publicists, influencer brand promotion, disreputable mob behavior, and astroturfing. The SEC doesn't need brand promotion, nor to be caught up in nastiness like pervades X/Twitter. The SEC already has the authority, they do their job with it, and presumably they value respectability. Earl…
Companies have cited that their Twitter account is an official source of company comms and that gives the SEC a reason to have an account and access that information as part of enforcing securities laws.
I love watching crypto people obsess about the fabled Bitcoin ETF. You'd think it was some kind of religious movement. "Oh glorious SEC, once thou bestowest thine blessing, Crypto shall rise a thousandfold! Glory to Bitcoin!"
Earlier quoted context omitted.
Can you explain how web3 is responsible for all the crypto nonsense for a layman?
Web3 is the crypto nonsense. It was a rebrand attempt. https://en.wikipedia.org/wiki/Web3
Earlier quoted context omitted.
The old crypto chants were that crypto would lead us away from the ills of traditional markets/finance. Glad to see that it's been watered down to "just as bad as" arguments.
Tomorrow your bank could cut you off from your own money because you protested the government[1], and what could you possibly do? Having the freedom to truly own your own money and investments is valuable in and of itself, no matter how much crypto "devolves" towards traditional finance in other regards. [1]: https://www.nytimes.com/2022/02/22/world/americas/canada-pro...
Magical Amulets?
Fake your own death, move into a submarine?