jevgeni

Cool. So what happened to Grozny?

I mean, Jesus Christ, 150-300k people died and you’re telling me that people were pissed for being drafted.

First and foremost it was the russians who supported their government.

russians were silent during Chechnya, during the Yukos case, after Putin's comments on Kursk widows, after killing of Politkovskaya, Nemtsov, and so on and so on. Look at any russian popular media in early 2000s and you will see a huge amount of really casual racism, with "Brat 2" being the pinnacle. Nobody spoke out against it.

Just because they let it fester for so long that now they can't even protest is still on them.

This is a good point. Also, I don't see the economic incentives for this to be snakeoil.

A Murdoch-owned newspaper publishes something scary that a lay person would link to current admin spending...

OP suggests that the point of the article is that CFTC is doing that just to exert control onto Binance and finds tenuous reasons to do so. That's not the case as I've said in my previous comment.

This is a misrepresentation of Levine’s article. He explains that it’s illegal to operate a derivatives exchange without being registered at the very least.

I am not too aware how it is in the U.S. In continental Europe you usually need to provide verifiable form of official identification, like a driver's license, a national ID card, a passport, or any of that in digital form (like the Estonian ID program for example). I never got this thing with utility bills.

The point here is to prevent money laundering and KYC is one instrument out of many for this.

Now come to think of it, in Germany for example, if it can be shown that if a bank employee, even after a good KYC had reasons to doubt that the account holder is the ultimate recipient of the funds or if the client is involved in money laundering, they might be personally criminally liable. Wonder how that is in the U.S.

I thought maybe it's something like that, but that's still not KYC. Or maybe it's software engineer's "know-your-client" in a way, where if you have a consistent internal ID for the client that's enough. :D

> Hindenburg criticized the ability for a user to get a debit card by mail in any name but that is a form of KYC.

Not sure I understood you correctly, but this is the opposite of KYC.

Solving bad customer service by creating a part of the economy meant to be outside of any accountability is a bad idea.

read the report then

It's essentially a bank without capital requirements and that does not do KYC checks.

> Cash App, which analysts have said is the most important driver of the stock, has demonstrated signs of stagnation with slowing inflows and account growth.

A lot of assumptions there:

1. Software engineers have job mobility.

2. Software engineers who work from home are the best people.

Man learns outside world exists, is annoyed by it.

Civet: If You Like Stubbing Your Toes, You'll Love Our Switch Statements

Hard pass on the switch statement.

It just means that its easier to get board buy-in right now for something they wanted to do for a long time.

But you don't have the access of CEOs.

don't show this to any consultants

So the solution is to either do nothing, or do something that the russians will have even less trouble destroying?

Land based internet infrastructure doesn't solve the problem described in the article.

Specifically:

> It will secure the Union’s sovereignty and autonomy by guaranteeing fewer dependencies on third-country infrastructure, and the provision of secured telecommunications services for EU governments in critical scenarios where terrestrial networks are absent or disrupted, as observed, for instance, in the unfolding war in Ukraine.

Or maybe it's because HN crowd parrot the same groupthink like reddit? /s

What if there's only one energy extractor in the world?

What's the physically intrinsic value of an energy extractor then?

True, but the anti-intellectual arrogance of HN for a few select topics, like for example, people downvoting your comments, is irritating.

What's the physically intrinsic value of a paper clip?

> Seems similar enough to me.

That's a bad criteria if you don't know exactly what you are talking about.

The banking system IS well researched. STEM fields also have lack of consensus on different topics.

the only thing the negative voting on this comment shows is the utter lack of understanding of econ or governance topics by HN commenters.