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Medical cannabis patient data exposed by unsecured database

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Re: Medical cannabis patient data exposed by unsecured database

#41

Post by yieldcrv »

aspenmayer wrote: post #39
yieldcrv wrote: post #36

Earlier quoted context omitted.

the liquidity pool will get you back into mainline cryptos, you transfer that back to your personal coinbase or any crypto exchange account, sell for your nation’s currency, transfer to your bank account. can take a few minutes from liquidity pool to your bank account, to a few hours. several days in the worst case.

This just in: cashing out is out, direct investment is in. Bullish's $1.15B in IPO Proceeds Entirely in Stablecoins in Public Market First - https://news.ycombinator.com/item?id=44957496

yep. one of the understated and more abstract realities of crypto money laundering, as well as licit crypto profits and revenues, is that many crypto natives don’t want their nation’s currency or any fiat.

its been like this for over a decade.

you can get out of volatile coins and into stablecoin onchain.

you can buy goods, services, and investments whether with the volatile coins or with stablecoins.

stablecoins also have a redemption mechanism, so when you move them to an exchange, the conversion isn’t “selling for usd” (which has a fee) its just redeeming them for free. Coinbase can take USDC straight to your bank account for example, removing one step.

when I was running a small hedge fund half a decade ago, our third party fund administrator could take investor funds in crypto for us that would be accounted for on our books in usd for further investment.

a lot of crypto ETFs are taking funds in crypto right now too, there is a tax advantage that Bloomberg wrote about a month or two ago

Re: Medical cannabis patient data exposed by unsecured database

#42

Post by aspenmayer »

yieldcrv wrote: post #37
eszed wrote: post #33

Earlier quoted context omitted.

Sell your mainline crypto for money -money, and declare it on your taxes? Isn't that straightforward to do, nowadays? Not trying to be snarky: I've never been involved in crypto, but I thought I understood it in principle. Sidenote: The GP's point was an Aha! moment for me about memecoins. I never got why anyone ever bought into these at all, but money laundering makes perfect sense.

you understand it but one thing you’re missing is that people dont know which ones will be money laundered - or attract gobs of capital for unknown reasons - and go up in price wildly. so people play at all levels depending on their risk appetite since the profits from a coin being pumped are so wild. these things launch with a marketcap in the low thousands, and run to marketcaps in the millions and billions for ten…

I mean, I kind of get it, I made a small amount from the Uniswap airdrop, and that was before pump.fun existed or whatever the hip thing is this cycle. I don’t think folks can usually count on airdrops but if you are making the crypto then you can do the math and price in an upside. I don’t see anything shady there per se as long as the tokenomics are solid. It’s the same as any crypto offer, buyer (and seller) beware.

I appreciate your explanation for me and for everyone else. I’m glad that crypto is being legitimized. It’s a cool technology and I think it should be profitable because it’s a technology whose time has come. I think its usage for money laundering is unfortunate, but ledgers offer introspection that is an opportunity for enforcement. I think it’s just another cat and mouse game, same as it always was. Most folks aren’t doing anything underhanded and just want to use the technology to do cool things. The law is catching up, but it had to be dragged to the table. This should have happened years ago in my opinion.

Re: Medical cannabis patient data exposed by unsecured database

#43

Post by grugagag »

riffic wrote: post #6

my neighborhood weed guy would never betray my trust in this way.

Your neighborhood weed guy would never have your personal information, perhaps not even your full name, a nickname would suffice. But I get the point and the pun. It’s all a big charade

Re: Medical cannabis patient data exposed by unsecured database

#44

Post by yieldcrv »

aspenmayer wrote: post #42
yieldcrv wrote: post #37

Earlier quoted context omitted.

you understand it but one thing you’re missing is that people dont know which ones will be money laundered - or attract gobs of capital for unknown reasons - and go up in price wildly. so people play at all levels depending on their risk appetite since the profits from a coin being pumped are so wild. these things launch with a marketcap in the low thousands, and run to marketcaps in the millions and billions for ten…

I mean, I kind of get it, I made a small amount from the Uniswap airdrop, and that was before pump.fun existed or whatever the hip thing is this cycle. I don’t think folks can usually count on airdrops but if you are making the crypto then you can do the math and price in an upside. I don’t see anything shady there per se as long as the tokenomics are solid. It’s the same as any crypto offer, buyer (and seller) bewar…

No rebuttals there

I think the previously hostile regulatory environment has caused a lot of innovation, that is more resilient and useful for capital formation, new sectors, industries. the cryptosecurities market in 2012 was really ghetto, the ICO market in 2017 was baaaad but working around securities regulations since registration+liquidity was impossible. 2024’s pump.fun should be for entertainment only, but it does standardize the token issuances in ways that werent there before

the bad stuff should be ignored by consumers or cleaned up

but at the end of the day it will always be up to consumers and investors to be more discerning, for critics to criticize bad organizations individually instead of indict all of crypto when something goes wrong. the lack of discernment allows for most bad actors to act with impunity, and encourages the ones that do eventually face consequence

Re: Medical cannabis patient data exposed by unsecured database

#45

Post by [deleted] »

hacker_yacker wrote: post #29
recursive wrote: post #25

Earlier quoted context omitted.

This seems totally unrelated to whether cannabis should be recreational. If my insurance company leaked my PHI, that would certainly not be evidence that any of my prescriptions should be OTC.

IMHO only reason cannabis is illegal is it's a threat to Pharma Industry, Pharma Lobby, aka organized, legal crime.

[deleted]

Re: Medical cannabis patient data exposed by unsecured database

#46

Post by kjkjadksj »

Krssst wrote: post #34
hacker_yacker wrote: post #29

Earlier quoted context omitted.

IMHO only reason cannabis is illegal is it's a threat to Pharma Industry, Pharma Lobby, aka organized, legal crime.

Despite some of the discourse there are some long term side-effects (though it seems mostly especially bad for adolescents where stopping consumption does not revert the impact on cognitive function): https://en.m.wikipedia.org/wiki/Long-term_effects_of_cannabi... Then it's a societal choice between the benefits of easier access to it for medical use (non-OTC drugs are harder to get when you need them) plus lower bur…

Cannabis is widely used today. Half of US adults have smoked it at one point of their life. 20% regularly smoke it. We are at the point where more people use it than alcohol in the US.

Re: Medical cannabis patient data exposed by unsecured database

#47

Post by kjkjadksj »

reactordev wrote: post #26
firefax wrote: post #11

Earlier quoted context omitted.

More evidence cannabis needs to be recreational. We can let people use their FSA money for it and/or give a steep discount to people who "really" need it, like cancer patients... but I think a lot of people who bounce between Anyways, there are a LOT of little fly by night outfits that "help" you get a medical card in many states. It's a joke, and all it does is empower the same type of person who used to be a pill d…

I could get behind this so long as there’s still limits on your person and in public places. Colorado has a great system. However, legalization has only created weed monopolies by abuse of the law language. Essentially making it illegal for smaller shops to compete. Those same people are the ones contracting out these systems with local governments.

The limits don’t really make sense either. Plenty of people grow for personal use and all of them will be in violation considering the yield from a single outdoor plant could be well over a pound dry.

Re: Medical cannabis patient data exposed by unsecured database

#48

Post by kjkjadksj »

jrflowers wrote: post #24
riffic wrote: post #6

my neighborhood weed guy would never betray my trust in this way.

In Ohio the neighborhood weed guy could get hit with a felony and 18 months in jail for a half pound so… like, he might

In practice its pretty hard to actually get caught selling drugs.

Re: Medical cannabis patient data exposed by unsecured database

#49

Post by aspenmayer »

yieldcrv wrote: post #44
aspenmayer wrote: post #42

Earlier quoted context omitted.

I mean, I kind of get it, I made a small amount from the Uniswap airdrop, and that was before pump.fun existed or whatever the hip thing is this cycle. I don’t think folks can usually count on airdrops but if you are making the crypto then you can do the math and price in an upside. I don’t see anything shady there per se as long as the tokenomics are solid. It’s the same as any crypto offer, buyer (and seller) bewar…

No rebuttals there I think the previously hostile regulatory environment has caused a lot of innovation, that is more resilient and useful for capital formation, new sectors, industries. the cryptosecurities market in 2012 was really ghetto, the ICO market in 2017 was baaaad but working around securities regulations since registration+liquidity was impossible. 2024’s pump.fun should be for entertainment only, but it…

I didn’t mean to conflate what Uniswap does with what pump.fun does, but I understand that Uniswap is a decentralized exchange whereas pump.fun is a launchpad, which is a basically crypto contract templating? I don’t know how to explain it abstractly but I think the liquidity pools that Uniswap and others pioneered has created a really neat community.

Like the thnickles guy, for example. Good old weird internet salt of the earth folks. I don’t even know if he’s associated with crypto, but the more people doing neat things as investments, the weirder the internet gets, and I’m more or less okay with that within the bounds of reason and complying with applicable laws and regulations.

Re: Medical cannabis patient data exposed by unsecured database

#50

Post by eszed »

yieldcrv wrote: post #37
eszed wrote: post #33

Earlier quoted context omitted.

Sell your mainline crypto for money -money, and declare it on your taxes? Isn't that straightforward to do, nowadays? Not trying to be snarky: I've never been involved in crypto, but I thought I understood it in principle. Sidenote: The GP's point was an Aha! moment for me about memecoins. I never got why anyone ever bought into these at all, but money laundering makes perfect sense.

you understand it but one thing you’re missing is that people dont know which ones will be money laundered - or attract gobs of capital for unknown reasons - and go up in price wildly. so people play at all levels depending on their risk appetite since the profits from a coin being pumped are so wild. these things launch with a marketcap in the low thousands, and run to marketcaps in the millions and billions for ten…

Ah! It's penny stocks, then. My grandfather lost a ton of money "investing" in those, over the years - but his occasional hits, generally when he happened to piggyback a pump scheme (a gold mine scam in Papua New Guinea particularly sticks out), more than made up for it, at least to him.
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