482 karma · joined October 7, 2017
Just because someone's post is clear, well-structured, and includes a final recap doesn't mean it was AI-generated.
Then again, maybe I'm a cat using CatGPT.
The real source of the enshitification Doctorow writes about is the fiat US dollar, not necessarily Amazon. Amazon is just one of the more successful at sucking up that monetary creation. Remove the money creation and the opportunities for regulatory capture, and competition becomes a much more viable option to prevent the abuses Doctorow describes.
This exactly. When folks buy the idea that their primary identity is as consumers, they loose the ability to resist all the psych-ops marketing constantly thrown at them (at least at those living in Occidental countries).
In contrast, people who consider themselves first as creators---those who work to produce something of value, out of a desire to serve others through one's work (this is broader than just the 'creative class')---may be much more restrained and selective in their purchases. "Will this tool enable me to work more effectively?" "Will this item last long enough?"
It will be generally good for the world, for American manufacturing, workers, businesses, and families---pretty much for all except Wall Street banks and those close to the government money spigots.
Regarding China, copying without attribution should be prosecuted as a form of reputational or brand fraud, as it fails to give credit to others for the idea. And sure, under existing intellectual property laws many Chinese firms ought to be prosecuted and held accountable---I don't advocate breaking existing laws.
I simply think that the laws out to be brought into better alignment with reality, and ideas simply aren't scarce (at least in how economics considers scarcity).
In the 2nd scenarios above, you may have to work harder in your woodchopping business, as I'm now competition, but doesn't that mean that the villagers benefit from better access (cheaper prices) to wood-chopping services?
We currently define ideas as property. But is that ethically defensible? Now, if I claim to have originated the ax idea, I'm maybe stealing your brand or reputation. I should have to give credit to you for the idea of an ax, but I don't see how making a copy is theft. Ideas are not scarce; they're inherently shareable.
https://www.la-croix.com/France/Inflation-vraiment-hausse-vo...
economic production makes a widget representing 100,000th of overall economy > prices set based on 100,000th of all money in existence > the banking system quadruples existing money in the system > the widget's price (eventually) quadruples as people realize there's a ton more money chasing the same number if goods.
And, at least according to the St. Louis Federal Reserve bank's numbers, the US Dollar money supply has increased some 13x since the 2008 financial crises, and 5x since the beginning of 2020. Ballooning the world's reserve currency like that will have disastrous inflationary effects /at some point/. The fact its happening now, while tragic, seems wholely foreseeable.
Money is a form of speech, in that it communicates values. Sometimes freedom of speech requires strong anonymity. I see no reason money shouldn't have the same characteristics. The alternative---that governments and other entities get to surveil all our monetary speech/actions---will only have further chilling effects on freedom and civil society.
We need monetary privacy to preserve ordered freedom in society, not to buy criminal services.
I'm glad police are trying to reduce DDoS crimes.
Today, there are people who have created new ways of working together by building on top of bitcoin, where its not a company or a legal entity of any king, but people who may not know or trust each other in meatspace are collaborating and getting paid for their work as they deliver products and services. And their collaboration is governed by humans, not a smart contract, but in a decentralized manner to protect their project. They're developing software, providing customer support, tutorials, project management, etc, and all of it being paid for by the project---all without bank accounts, a corporation, or geographic dependency.
As far as I'm aware, https://bisq.network/dao/ is the only running project that gas built functioning governance on top of bitcoin. I know that the MakerDAO (that runs the DAI stablecoin) and ShapeShift (altcoin exchange) have been built and are running in top of Ethereum or other altcoins. So that's at least three separate projects creating value in historically new ways.
When I explained this to a sociologist friend of mine, she was amazing, asking who's studying and writing about such historically important innovation.
I fail to see how those aren't examples of how this technology benefits society. Its trailblazing, hinting at the new possibilities that combining the Internet with programmable decentralized permissionless censorship-resistant money could bring to humanity. Only time will show which approaches bear long-term fruit here, but there's a lot of potential.
You just described how Social Security in the USA is funded. Its billed as government-run social insurance, but funded as a ponzi.
Take you kids to play in the woods!
I never use biometrics to unlock my phone or computer for that reason.
Loss of a phone with a 2FA authenticator app isn't a security problem, unless one failed to make backups of the 2FA secrets for restauring.
It would be far better if Coinbase defeated to TOTP for 2FA.
Not your keys, not your coins. If one has significant savings in bitcoin, one needs to hold the private keys oneself, not trusting any third-party like Coinbase or a bank. Ideally in a geographically distributed multisignature setup to mitigate against loss, user-error, or theft.
Do we know if the OP's 96k was coins sitting on Coinbase, or if he had a linked bank account and the attacker used the SIM card swap attack via Coinbase to drain his bank account?
Mamgalwadi also asks the question of why neither the Indian nor Islamic cultures tried to build a mechanical clock when they knew of the theory. He suggests that the Indian Hindu belief that reality is /maya/ or illusion (and one meditates to escape the illusion) prevented them from trying to make a clock; in the middle-east, he suggests that the Islamic rejection of possibility of God becoming incarnate in the person of Jesus prevented them from trying to flesh out the theory, while in Christian medieval Europe their belief in incarnation primed the culture for trying to work the theory out in practice.