I don't think this is going to be a problem at all.
2,132 karma · joined December 13, 2012
I don't think this is going to be a problem at all.
Where are you going to do the transactions in your scheme? Because credit card transactions are not the same as sending money from one bank account to another. There are settlements, disputes, chargebacks, etc.
How is the central bank going to offer the same variety of products described in the article? I.e..
> Interchange fees vary dramatically based on the kind of card, category of spend, and even the metadata attached to a transaction. The network’s goal is to set fees that incentivize desired behaviors on their network, including using more secure payment methods (lowering interchange fees for merchants), or for companies to do more business spending (higher interchange fees on commercial credit cards).
Your scheme sounds like all these crypto guys who think they can replace credit cards with bitcoin transactions, as if they were the same thing
OK but how would it look like if you had such a program? Shells are not known for having the extensive set of functions that real programming languages have.
I have to use more than one Python type checker because there is not a single one that works. Not only different tools catch different issues. They also have different bugs, and different configuration requirements. Different teams have different preferences.
It's a nightmare. If Python taught me something about typing is that a language that doesn't have a clear definition of types in the reference implementation, it will never get it fixed with external tooling.
Emergent market savers are already buying dollars. Nobody in Argentina saves money in pesos, for instance, so there is no much demand there left (and Argentina is the country that holds the largest amount of physical dollars after the US).
It is a fantasy to suggest that there is a magic, hidden demand of dollars that can be measured in trillions (coming from emergent countries, of all the places). At least, not one that would not be controlled by local authorities, just like they do today. Governments can control who tries to buy some random crypto with the local currency. Not when it's done in small amounts, but anything sizable will be noticed. The idea that crypto or stablecoins can somehow enable capital flight measured in trillions without governments being able to do anything does not make much sense.
I could imagine it being promoted as a tool to launder money in some way, though. Just buy this stablecoin via some tax haven, we will make it equivalent to holding US debt, and we won't ask where the money comes from. I would bet that's where the tether/usdt money comes from. Drugs, arms trafficking, perhaps that could provide some of the liquidity that the US Treasury needs.
If Claude finds security issues, so what. Some systems might not be updated, but these systems are vulnerable to even a single security issue, they were unsafe already. Systems that are upgraded don't have that problem. In fact a high rate of security fixes will make them safer, as zero-days kept in secret by government security agencies for long time become patched.
With fuzzing we didn't see articles talking about the geopolitics of security vulnerabilities. Investors didn't finance fuzzing startups with hundreds of billions. There is way too much propaganda.
> Once, she says, as Jobs groped his wife and pretended to be having sex with her, he demanded that Brennan-Jobs stay in the room, calling it a "family moment." He repeatedly withheld money from her, told her that she would get "nothing" from his wealth — and even refused to install heat in her bedroom.
This isn't just a career driven person