782 karma · joined July 18, 2013
US Congress doesn't represent US citizens. So nothing changes if moneyed interests want US citizens to live under surveillance.
Dial-up modems weren't created to be the final goal of the internet. They were designed to start traveling that road toward fiber, etc. Same with crypto getting the simplest to get started.
TCP/IP was created. It took 12 more years until HTTP. It is okay to get started simply.
> Stroud said her background as an intelligence operative made her comfortable with human rights targets as long as they weren’t Americans.
> She found the work exhilarating. “It was incredible because there weren’t these limitations like there was at the NSA. There wasn’t that bullshit red tape,” she said. “I feel like we did a lot of good work on counterterrorism.”
These are violations of ethics. They can quickly become a betrayal of US citizens.
I think these former INTL workers don't understand that a wave of wrath is coming from US citizens that the shit pulled by INTL services isn't okay.
The only reason not to is:
1) They don't want local currency holders expropriating their capital
2) It could result in their local currency having high inflation or even possible collapse down the road
But... if cross-border flow was really their goal, then they would use Ethereum.
Then cryptoanalysis becomes O(n)
1) Bring in co-founders whom raised $100m+ from VCs in companies they were in before. Also, one of those companies needed to have had an exit where it was very profitable for those VCs. Getting these co-founders is hard, but it is your fix. One of them needs to have been the CEO of the former successful exit.
2) Use $500k in capital to build the pre-launch version. Be hyper-capital efficient building the tech, for demos to investors. Bring the product working to investors along with those co-founders as part of the team.
Make sure those co-founders confirm that they think they can raise the capital in this business model.
$1.3 trillion from two levels of TARP, plus AIG, plus Fannie/Fredy.
The rest has been documented from lost of people who had sustainable mortgages but lost their home due to 9% unemployment that lasted years. There are many sources that cover this. I've read several books on the mortgage crisis and they are all in this category. That is a subset of the $13 trillion referenced in wikipedia sub-prime article.
>> Wall Street over leveragged had huge wealth handed to them in money printing that was giving directly to their balance sheets. > But there were certainly not any "no strings attached" givings of cash to the big financial entities.
You are missing the big robbery. Investment banking firms that purchased the CDOs/MBSs only had 3% of assets backing massive leverage. The reason the financial industry was going to CEASE UP was because they all didn't have the assets to backup the extreme leverage.
The robbery came because extreme money printing (QE) was used to "give assets" to banks so they would have far more than 3% assets to backup their massive leverage. The US tax payer was robbed with the money handed to them to sit on their balance sheets. That is the way their assets backing leverage raised above 3%. Banks getting more than 3% assets didn't happen any other way. Massive inflation will happen when this massive assets flood the market once a bank gets in trouble and transfers these QE "assets" into the market. That is when citizens will get robbed by the huge inflation impact of that QE.
Working American's had to financially absorb the 2008 Mortgage crisis. 2008 was a direct robbery because Mortgage Orginators KNEW the mortgages would blow up, because their own Underwriting equations said they would. That is why they did fraud on the customer's income levels or worked with politicians to allow ignoring customer's income.
It caused a $5 trillion in transfer from the wealthy away from the working classes to the investor class in that 2008 Mortgage crisis.
The 2008 Mortgage crisis robbed the working classes, and transferred to the investor classes. Homes lost because of unemployment. Savings gone via rigged economy unemployment. Bail outs. Banks offloaded their worthless assets with government buying them. Wall Street over leveragged had huge wealth handed to them in money printing that was giving directly to their balance sheets.
The surpise will come the next time a Financial Crisis comes and the government works to sell out the working class
That is the core problem.
10% YoY for index funds = healthy. Far lower for rigged economy reasons = a large scale societal problem.
It does matter. Citizens do care. Just because they haven't taken action yet doesn't mean that they don't care or won't.
1) PRIVILEGED CLASSES: Easy cheap to create Off-shore shell company legal entity. Hide ownership of your money. It will auto-shift to a new country if government tries to uncover ownership. Offshore laws make it illegal for bank workers to uncover identity
2) COMMONERS: FinCen dominates over commoners. Every transaction tracked. Prison if you have Bitcoin privacy. They can put you in prison if they claim two transactions were because you were trying to get privacy from government.
2) In the debates, they gave the questions to Hillary before the debates. The DNC controlled debates gave them to a CNN person who would give them to Hillary
3) The DNC owns the decision about Super delegates. Super delegates == ignoring one-citizen-one-vote
4) Arizona greatly reduced polling stations. With 3+ hour waits, people gave up. The DNC knew that Hillary voters voted at a higher ratio on mail-in-ballots, so it skewed to Hillary.
5) The California level had Bernie votes made in a way that they were all not counted:
In California 2016 election, "NPP" (Non-party voters) the election committee training pole workers to give them "provisional ballots". All of those NPP votes ("provisional ballots") were thrown away. The only NPP voters that could be counted were "Democratic cross-over ballots", but they they poll voters weren't trained that way. Bernie Sanders votes where thrown away. In California Bernie had 61% in polls against Clinton, but then lost. . https://www.youtube.com/watch?v=MoGeDGHmwJU
I've had successful exits in the past. BryanStarbuck@gmail.com
DRM in standards == force == freedom removed
AN ASIDE: The valuation in the ICOs too high. But the following profound point still holds true...
Imaging if an angel investor can invest in a company early, like Dropbox. Then when it grows some, he could sell 10% of his shares on a highly public and liquid market (like Ethereum coin exchange). He then invests that in AirBnB when it was tiny. He may invest in a startup that goes down after the Series A. Oh well, he may sell for 30% the valuation he invested in. The power is there by those who make big gains in the big winners, and that they can then move money out very soon and into new places.
Everyone trying to drive to a stable release was happy to see it go, because otherwise our job was impossible.