localfirst (u/localfirst)

localfirst commented on Ditch banks – Go with money market funds and treasuries thefinancebuff.com/goodby... · Posted by u/kamaraju

lurking_swe · a year ago

if a money market fund, especially one backed by the federal reserve like a us treasury, collapses, you have MUCH bigger problems my friend. It basically falls into the category of “doesn’t keep me up at night”.

I recommend you do some reading to learn more about it.

localfirst · a year ago

its funny the parent comment doesnt realize what FDIC is and how money market works

if us treasury fails the last thing im worried about is my my bank okay

localfirst commented on Elon Musk and JK Rowling could be handed five-year sentences for cyberbullying dailymail.co.uk/news/arti... · Posted by u/joejohnson

localfirst · a year ago

What is going in the UK?

if the need for diversity and tolerance warrants censorship , financial ruin and threat of prison then was it even genuine in the first place?

or was it's politicization simply to serve those that seeks to benefit from this absolutist policy?

such extreme measures only increase hatred and intolerance for the weaponized subject and surely not benefit those that throw support for it.

localfirst commented on Kim Dotcom's extradition to the U.S. given green light by New Zealand torrentfreak.com/kim-dotc... · Posted by u/wut42

tim333 · a year ago

He was predominantly stealing US intellectual property, films, TV shows and music and the like. And unlike say normal use of bittorrent, making a lot of money off it. And being the largest player doing that. I'm not sure about the morals but you can certainly understand financially why they've gone after him.

localfirst · a year ago

is US intellectual property a national security issue? I don't understand why they went to such extent pursuing a man for simply running a piracy site

meanwhile US is losing influence and trust on geopolitical stage, shouldn't that be the bigger issue

edit: im being rate limited so heres my response to comment below:

I didn't say anybody was replacing US, merely they are losing credibility and prestige on world stage and this isn't recent and not slowing down.

I don't think any country will be able to replace US and its freedom of maritime navigation anytime soon.

China is in no position to project as its undergoing internal turmoil. Neither is Russia. BRICS also won't offer much.

One potential non-zero chance scenario is the northern artic sea routes opening up due to rising temperatures melting ice bypassing the need to route through singapore and suez canal which would put Russia back on the power map.

US is a hyperpower and there is no equal.

Maybe a unified Korea with extended northern manchuria territories can fill the vacuum left by China and Russia in the region. I don't really see any other candidates.

localfirst commented on Kim Dotcom's extradition to the U.S. given green light by New Zealand torrentfreak.com/kim-dotc... · Posted by u/wut42

_the_inflator · a year ago

This Kim dude. Neverending story.

Amiga (never heard of him during my scene time), then his alleged mobile ISDN service, MEGA.

He seemed like the shady poster child for every trend who got stopped before jumping once more publicly on Crypto.

localfirst · a year ago

He has done some shady stuff in Germany with stocks

then used those proceeds to launch his other businesses

I really enjoyed Megaupload & rapidshare those were almost as good as the WaReZ days if not better: direct links to any digital content without waiting for seeders

It's a shame. Arresting Dotcom won't do anything to curb piracy in fact it would raise the stakes even higher and more untraceable leading to more uncensored content that would be deemed "harmful"

Dotcom should've chosen Russia or China instead of NZ but obviously the quality of life isn't quite up to par with NZ. Russia dacha outside moscow would've been great for him without worries of US extradition.