l0ng1nu5 (u/l0ng1nu5)

l0ng1nu5 commented on The Crypto Crises Are Coming project-syndicate.org/com... · Posted by u/clumsysmurf

l0ng1nu5 · 23 days ago

>All the incentives for stablecoin issuers are to invest at least some of their reserves in riskier assets to get higher returns.

No.

The GENIUS Act requires 100% reserve backing with liquid assets like U.S. dollars or short-term Treasuries and requires issuers to make monthly, public disclosures of the composition of reserves.

https://www.whitehouse.gov/fact-sheets/2025/07/fact-sheet-pr...

l0ng1nu5 commented on Australia Wants to See Your Papers Before You Press Play reclaimthenet.org/austral... · Posted by u/like_any_other

naruhodo · a month ago

As an Australian, do you remember:

* The Labor government's failed 2010 internet filter policy, [1] "Those who claim the government's approach is akin to the sort of political censorship practiced by authoritarian regimes are simply misleading the Australian public."

* The Liberal government's passed 2015 mandatory metadata retention laws, [2] "Critics say Australia’s data retention scheme is mass surveillance, and metadata is used to track where people go."

because it doesn't seem like you do. I could also point to the UK's full-take surveillance apparatus, or the US, from around about the same time-frame.

This is a long term project.

[1] https://www.sbs.com.au/news/article/internet-filter-is-not-c...

[2] https://www.abc.net.au/news/2015-08-17/metadata-retention-pr...

l0ng1nu5 · a month ago

It boggles my mind that they gave police a legal avenue to take over accounts and modify data a few years later:

The Surveillance Legislation Amendment (Identify and Disrupt) Act 2021 (SLAID Act) introduced new powers for Australian law enforcement to combat serious cyber-enabled crime. These powers include data disruption warrants, network activity warrants, and account takeover warrants.

https://theconversation.com/facebook-or-twitter-posts-can-no...

l0ng1nu5 commented on Colombia seizes first unmanned narco-submarine with Starlink antenna france24.com/en/americas/... · Posted by u/thm

vineyardmike · 2 months ago

Of course, "the powers that be" can want things to change, but not want to pay the cost required to truly change it.

As hyperbole, you can stop all court cases, assume everyone is guilty if they're arrested, and give everyone capital punishment. That would most likely end cartel issues rather quickly, but it would absolutely mess with society to a dangerous level. El Salvador took a (less hyperbolic) extreme approach, and it dramatically reduced crime, but it's not clear that citizens are actually happy with this outcome as.

Of course, it could be possible that leaders are corrupt, but it could simply be that the cost to fixing things is very high.

l0ng1nu5 · 2 months ago

What costs are you talking about? By just about every humanist and economic metric there are only benefits to decriminalisation.

l0ng1nu5 commented on Colombia seizes first unmanned narco-submarine with Starlink antenna france24.com/en/americas/... · Posted by u/thm

stickfigure · 2 months ago

Just legalize it already. This is stupid.

l0ng1nu5 · 2 months ago

The only conclusion i can draw from all this insanity is that the powers that be want things to be this way.

l0ng1nu5 commented on Sleeping beauty Bitcoin wallets wake up after 14 years to the tune of $2B marketwatch.com/story/sle... · Posted by u/aorloff

pyman · 2 months ago

One of my students believes Elon Musk and Peter Thiel created Bitcoin. Here's the summary of the 5 page doc he presented:

In 2000, according to Peter Thiel, he met with the E-Gold team in Anguilla.

Around 2001, Elon and Peter were at PayPal, and they had plans to build a similar digital currency.

In 2002, PayPal was sold, and that pretty much ended the digital currency plan. Instead, PayPal let users link their bank accounts and cards to make payments. This created a bigger dependency on banks.

By 2004, there were over a million E‑Gold accounts. Banks weren’t happy about it. Meanwhile, Elon and Peter understood exactly how much potential this new kind of digital currency had.

In 2007, the banks took the founders of E-Gold to court for running an unlicensed money‑transmitting business. That same year, the E-Gold engineers were out of work.

Bitcoin was invented in 2008, the same year Elon was broke and busy trying to save both SpaceX and Tesla from going bankrupt.

His theory is that Elon and Peter hired the smartest engineers from the E-Gold team and asked them to build blockchain so they could create their own version of E-Gold. The team worked on Bitcoin from 2007 to 2010 under the alias of Nakamoto.

l0ng1nu5 · 2 months ago

It was jack.

l0ng1nu5 commented on Billionaire Brain Wave: Transform Your Mindset for Success sites.google.com/view/bra... · Posted by u/fitlifehub

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l0ng1nu5 · 2 months ago

Since you developed the system, I assume you're a billionaire then?

l0ng1nu5 commented on Australians to face age checks from search engines ia.acs.org.au/article/202... · Posted by u/stubish

marcus_holmes · 2 months ago

This. This legislation has got nothing to do with moderation or "protecting children" - that's just the excuse that the government is using to push the legislation through. There are better ways of achieving that goal if that was the goal.

The actual goal is, as always, complete control over what Australians can see and do on the internet, and complete knowledge of what we see and do on the internet.

l0ng1nu5 · 2 months ago

Agreed but would also add the ability to prosecute anyone who writes something they don't like/agree with.

l0ng1nu5 commented on Show HN: Confidential computing for high-assurance RISC-V embedded systems github.com/IBM/ACE-RISCV... · Posted by u/mrnoone

l0ng1nu5 · 3 months ago

This area is where I see riscv excelling ahead of current proprietary options. I don't think it can compete on speed in terms of general purpose computing at this point.

The way I see it, once guaranteed security is offered, security conscious IT admins will insist on using it and the herd will eventually follow.

l0ng1nu5 commented on Claude 4 anthropic.com/news/claude... · Posted by u/meetpateltech

DubiousPusher · 3 months ago

This is a phenomenon I call cinetrope. Films influence the world which in turn influences film and so on creating a feedback effect.

For example, we have certain films to thank for an escalation in the tactics used by bank robbers which influenced the creation of SWAT which in turn influenced films like Heat and so on.

l0ng1nu5 · 3 months ago

Life imitates art imitates life.

l0ng1nu5 commented on Tesla Board Opened Search for a CEO to Succeed Elon Musk wsj.com/business/autos/te... · Posted by u/jrpelkonen

sidibe · 4 months ago

First thing a new sane CEO does is reset expectations so they're not blamed for not fulfilling all the fantasies Elon kept promising.

l0ng1nu5 · 4 months ago

They can't do that or else the stock goes back to a sane p/e.