5,757 karma · joined December 7, 2015
Using it as a stamp of approval is an absolute minefield for a public company. So far the competition is, well, incompetent, but eventually somebody's going to come along and take advantage of these kinds of mistakes.
I got the impression they were getting pretty close.
They used to call it "the law of twos" - you can live two minutes without air, two days without water, and two weeks without food.
So yeah, water is the big concern. Two weeks without food is the low end, but electrolyte imbalances can kill you even if you still retain plenty of stored calories.
Not tax free. Your employer reports 8% of your total receipts to the IRS as income. It's likely less than you make in tips, but you still pay some tax.
SOAP's big problem, IMO, was the crazy insistence on URI formatted namespaces, which took a simple XML message and turned it into something bloated and confusing.
There's an increasing delay between when a comment is posted and when you can reply, based on the depth. The idea is to create a "cooldown" period for people who are upset. You would have been able to reply to my comment eventually.
That's... pretty impressive for a guy that old.
The problem is the incentives are set up such that the charges will not be reasonable. They can't be reasonable, since the state can't possibly afford to take more than a tiny percentage of cases to trial. Which sets up another incentive - the state must make an example out of people who demand a trial to encourage everyone else to take the plea.
That effectively removes your right to a jury trial, particularly when the natural human tendency of a juror is to split the baby, i.e. if you get charged with 60 counts they're unlikely to find you "not guilty" on all 60 regardless of circumstances.
I agree with OP - if the crime isn't important enough to take to trial, it's not important enough to prosecute. Furthermore I would add judges should sanction prosecutors for overcharging. If I have $100k in cash I put into the bank in $5k increments that's one charge of Structuring with a potential five year sentence - I shouldn't be looking at twenty charges with a century in jail if I refuse the plea.
Because the government was afraid failing banks would take everything else with them.
The problem was banks were allowed to become too large and to sell risk to each other. If I were running things I'd break them all up into regional entities and separate them financially.
I'm kind of curious to see how this plays out - how far they're willing to go and whether or not, as you say, they're ultimately successful.
I believe that's why we've seen article after article lately about all the horrible people using bitcoins, plus scare stories about bubbles and how You'll Lose All Your Money. Concrete legal steps are on the way.