ellius

38 ms·

331.
by ellius 11y ago
Matt Levine at Bloomberg summed this up well: "It's not enough to get your machines to agree. You have to agree on what your machines should agree about." You're exactly right. People forget money is a contract business
332.
by ellius 11y ago
Can anyone tell me where to start on all of this as a self-taught beginner? I feel like I follow tutorials well and get basic apps up and running via tutorials. I've even built some basic tools in use by a handful of people at my job w
333.
by ellius 11y ago
Greenwald explains this very well: http://mediaroots.org/glenn-greenwalds-bill-of-rights-aclu-s...
334.
by ellius 11y ago
Exemption from that particular law doesn't necessarily protect you from other anti-gaming statutes, especially at the state level, which is exactly what is playing out right now in this space.
335.
by ellius 11y ago
It's worth noting they were well aware of the contradiction and slavery mainly got a pass to avoid an immediate civil war with the southern colonies. So yeah, they made choices for purposes of political expediency, but they weren'
336.
by ellius 11y ago
This is a symptom of short-termism and poor risk management at banks. Controls and costs have been stripped to bare minimums at several banks in an effort to drive profitability. The end result is more fraud and financial crime generally.
337.
by ellius 11y ago
Most articles go out of the way to have some boilerplate agreeing with what you just said ("of course there are perfectly legitimate uses" etc), but the fact remains that property bought in this fashion has caused enormous money l
338.
by ellius 11y ago
I love Levine, but his commentary on the Barclays fine has been pretty weak. "What were they supposed to do, use some kind of super-Google?" And then a couple of lines later he acknowledges the regulators lay out exactly what they
339.
by ellius 11y ago
Those are still reliable for lazy fraud but miss tons of it too. Anti-Detect was designed exactly to get through fraud departments looking for these sorts of obvious signs.
340.
by ellius 11y ago
Systems like Sift are interesting. Machine learning can pick up a lot of trends over time that humans can't. The problem is that they often fail to react quickly to new trends, many of which hit hard quickly. I've talked to a lot
341.
by ellius 11y ago
I saw Square present on risk management at the Merchant Risk Council this year, and the audience was very skeptical that they were effectively managing their fraud and credit risk. Their procedures as they appear to be in place are dangerou