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> it’s probably a great technology It really isn't. There's nothing legal it can do that something else can't do better. It's not even that good at the illegal stuff.
digital voting is the use-case I hear get brought up all the time... seems like it would work...
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Thanks for the quote! Lol, I can't believe this is really what they ended up with: multicolored stars to indicate different things? I thought it was a joke at first, but no, that's really how it works now. What a strange world...
> I can't believe this is really what they ended up with: multicolored stars to indicate different things? I thought it was a joke at first What's the issue with it?
Gensler freaked out and said it was compromised
if you’ve ever worked in government this would be your first assumption
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That’s a fun site.
Crypto is a scam (including Bitcoin) anybody treating it otherwise is overly credulous or in on the scam. Maybe it started out with better intentions but it is irredeemable.
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There is value in government agencies engaging with people where they are. Even the SEC gets some value out of promoting their activities, even if it's just awareness of their existence and function and corresponding public support. 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 s…
SEC cannot run their own twitter account without being hacked, what makes you think they can securely run their own Mastodon instance?
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Crypto is a scam (including Bitcoin) anybody treating it otherwise is overly credulous or in on the scam. Maybe it started out with better intentions but it is irredeemable.
It’s more important to have an unstoppable digital store of value than to stop people getting scammed. Sure would be nice to have fewer scammers, and we should try. I, too, detest many of the actors in the space, the whole number-go-up get-rich-quick culture, and much more. But it’s a sideshow. The reality is I’m not giving up digital assets I completely control (preferably private ones) any more than I’m giving up s…
Matthew C. Klein pointed out on Twitter: "the owner/operator of this website has a longstanding grudge against America's securities regulator."
Also this should be a massive warning to companies, non-profits, and governments who think "Sure, Elon is mismanaging this and platforming the worst people and making it a cult of personality, but its not that bad. We get to reach a lot of people, so its still good for us." Now they have to worry about whether Elon is in the mood to give your account proper security or if your password hash leaked "by accident" by a…
Has anybody else poked around in a bitcoin blockchain block explorer recently to look at the individual transactions of a block? Honestly I find it kind of suspicious but I could easily be missing something. I see multiple transactions spend more on fees than the amount exchanged in the transaction. A number of transactions looked enormous but turned out to be some form of washing. E.g address X sends $100MM worth of…
You then end up with UTXOs that are each made up of a different amount of BTC and you keep grouping them in transactions and sending the leftovers back to yourself.
This seems less about crypto - after all, crypto will crypto - and more about "why the heck did the SEC normalise Twitter as a communications outlet!?".
This is exactly why official agencies should have their own mechanismm of public communication, and not rely on 3rd party corporate chat platforms... How the FED, SEC, and any government office thought having a faceplant or twit account was good idea is beyond me... Of course, those who throw themselves gushingly at every corporate slime to crawl out from under a rock will have a hard time understanding this opinion.…
Instead of a Twitter account that could be hacked, why not let the SEC post to a feed hosted by themselves that Twitter can poll against and post to Twitter for them? Then you get the benefits of centralization for dissemination of information but decentralization for security? Then these important accounts can invest as much as they want in their own security?
It seems like the only benefit that Twitter actually gives vs the SEC just posting on their site is that centralization.