Yeah.... best of luck to him... prepare the FTC lube... :P
4,811 karma · joined February 10, 2012
Tradfi has way more at risk... and the hardware/software that cant be upgraded that the financial system uses every day...
This also has implications for alot of PQC and QKD stuff that's based on static model assumptions...
Devoret was my co-authors phd advisor (and who is also my advisor now on some of my work).
We sorely need more open quantum systems built/designed with open source tooling. The IBM's, Ionq's, Quantinuum's and Googles, will be happy if we all remain serfs to their multimillion dollar machines and hardware direction.
Considering the vast majority of money in the space going into QEC software, I'm so grateful for their work. Was so much easier than trying to everything from scratch with my limited CAD work over the years.
People will have hard choices to be made, doubly so for those who have avoided making them. It's great that you seem to now be questioning things you have thought unquestionable; things unfolding now are no surprise to me, and i expect things to get worse, even beyond the current administration or the next until I see people make hard decisions globally.
Right now, its just a clown show in regards to that.
If the rest of the world doesn't send munitions on target stateside, Americans wont care. Just like they didn't care for the past 20+ years when DoD was tasked with bombing millions others in far away lands without explicit declaration by congress.
Perhaps those who build their relationships on negotiated reciprocity rather than blind trust will fair better in the coming era.
I'm hopeful that it will create a more robust governance systems on the local level in the long run, but not without more short term pain (after all, there were a lot of non-stateside mouths being fed who will have to figure out realistic alternatives and face once unpalatable choices that will need to be made out of necessity).
Really? I think the Gnostics have long been on that path if one is crediting the Protestant Reformation...
They felt the need to include it, if they didn't I would agree with what they are trying to do. Why do they need to launder that line item with the rest?
Global central bank balance sheets since 2008 already tells the direction that it, when an crisis eventually unfolds, will go...
Heaven forbid any of these workers in these contested rto corps have exposure to non central/private bank monetary systems... going to make that "war" more complicated for them...
If you think once something has been enacted into law, will remain effective throughout its history and in the same way, then there's nothing really you will be able to understand.
If any particular regulation benefited the people it is supposed to serve the most on a more holistic basis, beyond some narrowly defined definition (more than those who can afford to bear the direct monetary costs of conforming to it), I wouldn't be against it. SNAP served a much bigger role in 1939 in supporting those who needed it most than it does today in 2023 via EBT. There is no political will to correct for the institutional graft in the US (and arguably in a lot of "developed markets") the poorer off will suffer more, until things slowly fall apart under its own weight. There's a balance to be had, and we're a long ways from that going on stateside and across the north atlantic.
> What produce are you going to be growing in your third-story apartment?
Me, nothing (minus some herbs/onions). Less than 100m from my 20+ story apartment people are raising chickens and goats and selling the meals they make thru them to me on the same channels I could buy from carrefour, also less than 100m from me. Having that choice matters more to those worse off than I, than trying to pretend that if they could be givin some permissioned credits to buy only from carrefours (and to the exclusion of those raising chickens and goats next door, unless they become subservient to the carrefours). Indonesian people are lucky in that the institutional graft from 1998 has yet to build up like SNAP from 1939 in the US, yet people can still benefit from the advancement of technology since 1939 in how to go about their lives esp when it comes to building up wealth in their local communities and meeting their own needs as how they define them.
In the area I grew up in, having to pay fees to sell at a farmers market stall with everyone else was already way more overhead than desired.
> Urban Agg is basically always going to (in the US) be vastly more expensive than (still localish but rural) agg.
People growing in what space they have available at no extra cost to them and selling at the same/lower or even higher prices (at whatever volume) than stores (or thru a farmers market) should still be able to accept EBT. People should be able to sell out of their section 8 housing (1937 gov program) and accept EBT.
> I'm really not sure what you're getting at.
Clearly, I'm getting at that people should be able to sell without having a extra physical overhead any kind of store or incorporating (or paying without fees to those who do) and still be able to accept EBT.
If you ever come to Jakarta, you will quickly see what I'm talking about. Can use the same app to buy from a big/small grocery stores as from someone selling out of their corrugated metal roof "house" and have it delivered. Banks finance transaction volume regardless, no gov sponsored channel available to any actor over others in the apps.
I'm implying it should be available.
> , and they deliver it to me?
> Distributors as intermediaries are more efficient for almost all cases.
Except it should be possible for someone to grow in their local community at any scale desirable (esp important for urban agg entrepreneurs) and accept EBT from anyone near by. As kid, i helped a lot in a few community gardens in the city where i lived (where there also happened to be a lot of people already on government assistance within walking distance) and being able to sell produce and accept EBT would have changed the economics completely and incentivized way more productive economics beyond the donation model.
Current distributors would also have way more competition for the same pie of funds allocated for EBT, and help make the program more efficient.
If the availability for funding for something that is considered a public good is not broad and supportive of the smallest possible economic interactions, it is doing a disservice to the populations it is meant to support, esp for building wealth (esp for those building wealth in those communities have to subsidize big co distribution system).
I can understand arguments against if they were framed in the context that these gov programs didn't have the infra in place historically to support this in May 16, 1939 - but that is far from the case today.
I live in an EM country now that has a simmilar program to how food banks operate in the US (except the gov is doing it) abbreviated as SEMBAKO, and nothing like SNAP/EBT. Yet with technology, private banks are willing to finance peoples purchases of food online while paying full price at the local "stores" people choose to order food from (which is a big deal if you go out sometimes and talk to some of the sellers who would have no access otherwise to the markets they are selling into, some even going as far as sending hand written thank you notes on delivery).
Yeah, that's where we are seeing things differently. The reliance on the well established store and their ability to accept EBT vs not needing to have that overhead and still being able accept EBT while provide similar goods. If you sell/deliver direct to consumer without going through a store that can accept/process EBT, you still have to subsidize them (unless you just avoid paying taxes, while still not having access to that EBT sponsored).
> What's your point? That large, established chains can't accept EBT?
Corner store is already way more overhead than needed in some cases when a seller can market their product online and can communicate with any would-be buyer over any messaging channel and drive it to you while handling their periodic activities that may have them already out and about.
Every other way of buying groceries if one limits themselves to buying from well established entities that are big enough to support it, which is a much smaller subset of those who could supply food now.
So Uber will make nothing on processing these transactions that originate through them, and only offering because of their good will.
> Its a moat that Amazon, DoorDash, store-operated delivery services from all the major chains and many locals, etc., were inside before Uber. But, sure. “moat”.
>> You have to already be big to "compete".
Yeah, just ignore that part. Let me know when individual growers can get their account at their local credit union credited via an api call directly to the treasury dept without any frbny primary dealers involved.
JPM (administered nearly half of all states’ EBT programs before the mandated oct 1st 2020 deadline) and Uber/Instacart have a nice little gov sponsored moat growing here...