playday

Most criminals offend multiple times. So if it’s better to let n guilty people go free than punish 1 innocent, how many times (x) would criminals need to reoffend for half of them to end up in prison? Been too long since I studied stats so I’m not sure what type of distribution to use, Poisson?

For those not familiar with us laws regarding money transmission licenses, they aren’t that hard to get in most states but the problem is that you have to get a license for every state you operate in- for an online business that’s 50 licenses. And there are capital requirements for each individual license, effective locking out web startups below a certain amount of capital. It’s part of why financial innovation in the us started with blockchains (which as protocols cannot comply) rather than tradfi like PayPal.

Bitcoin as a protocol can’t be regulated, but anyone using Bitcoin can be regulated. Same with taxes. In practice this means any entity that operates a registered company has its crypto operations regulated, while entities that operate fully on chain may not be regulatable (depending on structure and operational security decisions).

Using Google or Facebook is a cost, it’s around $10-20 to get an account.

Unfortunate but not surprising. It’s impossible to put up a 0 cost service on the net without it getting abused.

Why not just tell them to delete the data or they are fired?

> It is a fundamental principle of administrative law that agencies must treat like cases alike.

This is from the circuit judge and is a big part of the problem the SEC faces. The SEC has expanded its jurisdiction so far that it must discriminate between favoured and disfavored entities. From the perspective of the SEC, it’s necessary in the face of innovation and the risks of new players. However it also means their legal footing regarding crypto generally is quite weak, as seen both here and in the recent ripple case (court ruled that investment contracts about digital assets are securities, but the actual assets are not securities).

Using Google fonts is a type of fraud since most users don’t know that you’re giving Google some of their Pii.

Thankfully it’s easy to block with noscript. Too bad for people who don’t have technical knowledge or have other limitations that prevent them from protecting themselves from personal information theft.

Unfortunately the defendant settled, instead of fighting in court like they should have.

MLB cannot promote baseball if MLB is unprofitable and enters bankruptcy. It’s clearly connected.

When you buy a restaurant lunch, you are expecting to increase your work income via the efforts of the cooks. And you clearly invested money since you pay for the lunch before you ate it. That’s all 3 prongs if the Howey test.

Why isn’t the SEC enforcing securities laws against lunch fraud? Lunches must publish their financial statements so lunch buyers can make informed decisions! Personally I am angry that restaurants don’t publish the information I need to make an informed decision regarding my investment. What if they go bankrupt after I paid for my lunch and before they deliver it?

With baseball cards, You have an expectation that the MLB will continue to promote and develop Baseball as a top sport. You purchased an illegal security.

Your feelings are valid but I struggle to understand. I’m afraid of death too but in a visceral way (don’t jump off a cliff, don’t drink poison, etc). I know I’m going to die and think about it sometimes but it doesn’t bother me in the abstract.