giaour

13 ms·

331.
by giaour 4y ago
Per the linked document: “SWIFT has a history of cooperating in good faith with authorities such as central banks, treasury departments, law enforcement agencies and appropriate international organisations, such as the Financial Action Task
332.
by giaour 4y ago
All financial markets participate in sanctions, so taking this absolute stance would limit the negotiable instruments available to you to briefcases full of gold or cryptocurrency.
333.
by giaour 4y ago
> even though the international settlement system was meant to be apolitical “Apolitical” does not mean “usable by any party for any transaction.” SWIFT policy prohibits using its system in support of illegal activity [0], and the settle
334.
by giaour 4y ago
> One option is SWIFT system. Which Russia got excluded in some capacity from. As such it is clear that system cannot be trusted. That is quite a leap. Russia was also excluded from the NY stock exchange due to the ongoing sanctions; doe
335.
by giaour 4y ago
> al transactions in usd are settled in US. Do you mean this in some metaphysical sense? Because you can exchange USD for gods or services outside the US without the US government getting involved.
336.
How Crypto’s Collapse May Have Done the Economy a Favor(wsj.com)
4 points by giaour 4y ago|1 comments
337.
by giaour 4y ago
Even so, don’t cut a check to SBF now . Cut a check to the customers who lost their money once the bankruptcy court sets up a mechanism to do so.
338.
by giaour 4y ago
Wouldn't this effectively reduce the role of the custodian from "bank-ish entity" to "safe deposit box operator"? The custodial entity would need to hold on to the exact assets provided by the customer (the equivale
339.
by giaour 4y ago
Didn’t FTX just hold the customer deposits in a scam token after some financial shenanigans? You would still need auditors to determine what assets on a company’s books were worth their stated value and attest to their liquidity.
340.
by giaour 4y ago
It did? The whole collapse was kicked off by someone looking at the books and raising an alarm. If you’re instead asking why financial audits paid for by FTX didn’t publicize the company’s solvency issues, well, we’ll all find out during th
341.
by giaour 4y ago
So, all we need for this to succeed is for the ethereum blockchain to be the ultimate source of truth for all finance. So long as “off chain” assets of variable liquidity exist, it seems like you could absolutely cook the books.
342.
by giaour 4y ago
In the US, property records are maintained by a local government authority. That alone doesn’t stop squatters or unauthorized encroachment on your property. Normally, the boundaries of a parcel of land are not a mystery, but enforcing them
343.
by giaour 4y ago
Those people are already getting paid in GitHub stars. Adding United Fruit Company dollars to the mix doesn’t make the compensation any more real. What money will be entering this ecosystem? Absent funds flowing in, how will package maintai
344.
by giaour 4y ago
At this point, I'm kinda wondering if Musk's deal to finance the Twitter acquisition included some Brewster's Millions -style clause where he gets to keep the company and the $44B if the company goes bankrupt within 90 days.
345.
by giaour 4y ago
<iframe> is about as close to a client-side include as you can get in standard HTML.
346.
by giaour 4y ago
<iframe> isn't
347.
by giaour 4y ago
I think it was Mark Twain who said, “Hey, Churchill didn’t say that; that was me.”
348.
by giaour 4y ago
I don’t know how you made the leap from “digital currencies will exist” to “non-digital currencies will cease to exist.” Even if that were to happen, you could still get paid under the table will gold, gemstones, bushels of corn, pallets of
349.
by giaour 4y ago
This is why the car of the future will only start when presented with a key NFT. /s
350.
by giaour 4y ago
Even a real estate deed or a stock certificate is just a piece of paper, though. At the end of the day, unless your investment is something you can physically hold in your hand, you're trusting that your claim on it will be honored. &q
351.
by giaour 4y ago
"If you haven't received delivery on your crude oil futures contracts, you aren't a petroleum investor."
352.
by giaour 4y ago
It doesn't matter if the "most" statement is correct. Some investors never move their coins off the exchange; therefore, the inference that 49.4% of investors have made money because you can see that in recorded transaction
353.
by giaour 4y ago
I dunno, cutting the commute out of métro, boulot, dodo frees up some time for hobbies and family.
354.
by giaour 4y ago
> You can't get banned from email. You can't get banned from having your own website. You can't get banned from the telephone system. The platform may not be able to automatically enforce a ban, but you can still be banned
355.
by giaour 4y ago
Crypto exchanges also function like banks (holding customer deposits, making loans/investments with customer funds), just without reserve requirements or FDIC insurance. The protections against bank runs that we have in place in TradFi
356.
by giaour 4y ago
The market doesn't care whether you understand it. So long as you pull your money out before the bubble deflates back to or below the level at which you initially invested, you will make money. There is a risk that the bubble could jus
357.
You Can Forget About Crypto Now(theatlantic.com)
177 points by giaour 4y ago|224 comments
358.
by giaour 4y ago
Memory safe code does not prevent applications from using too much memory; it prevents applications from accessing the wrong memory (e.g., by using a variable after its underlying value has been freed and the memory reallocated).
359.
by giaour 4y ago
Isn’t Firefox still mostly C++? Cf https://firefox-source-docs.mozilla.org/contributing/contrib...
360.
by giaour 4y ago
If app usage is not steady 24 hours a day (e.g., the 100 concurrent users all live in the same hemisphere and don't use the apps much outside of business hours), you might see some cost savings from not running excess infrastructure.

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