1,511 karma · joined February 25, 2014
Jumping back to banking the homeless, I mentioned in the previous comment that if criminals tried to use these small accounts to launder money it should be relatively easily detectable by the banks. I would add that I don’t think it’s a problem if a given homeless person opens N of these accounts for small values of N since that would still be a small total cashflow volume. The main things I’m interested in with such a scheme would be allowing homeless people to have somewhere to store what little money they have without risk of having it robbed from them [1], allowing them to have a normal way to get paid from any job they might work, and allowing them to purchase things online (perhaps delivered to an Amazon locker or other pickup location). I’m not saying this idea is perfect, it certainly isn’t, but my point in the previous comment was that there are people who are underserved by the existing banking infrastructure.
0: https://en.wikipedia.org/wiki/Sybil_attack
1: They could authenticate with an account number or card and a PIN at an ATM. Here opening multiple accounts would be an advantage for the security conscious because they could open a duress account and put a fraction of their money in it to withdraw if they were ever forced to by a robber.
Meta-comment aside, there’s another population segment who suffer from overbearing AML/KYC regulations - homeless people. Many homeless people do not have any form of ID and hence cannot open a bank account. What option do they have? I would argue for low value accounts, say <$5000 annual transaction volume, AML/KYC enforcement should not be required. $5000 is such a small amount in the grand scheme of money laundering that the government should really focus on the bigger fish. Splitting your laundered money into many bank accounts would, or could, fall under existing structuring laws and would be easily detectable by any bank.
I haven’t even mentioned that in many countries, such as the US, you have absolutely no guaranteed right to banking access. Your access to banking can be shut off overnight by any one of the various middle men involved. Until these things are solved, and legal persons can be guaranteed access to banking then crypto is necessary.
My perception is that it’s really really hard to differentiate between someone who’s genuinely a force to be reckoned with and someone who’s just in the right place at the right time. After their first success they can hop around between companies from executive role to executive role playing it safe and riding the gravy train just by not fucking it up. I’d be interested if anyone can provide examples of executives that consistently trigger inflections in a company’s performance within say 2 years of joining across multiple companies. I’m genuinely curious.
This seems to be false according to this article [1] which claims that “In the three years ending in 2021, at least 776 mastectomies were performed in the United States on patients ages 13 to 17 with a gender dysphoria diagnosis, according to Komodo’s data analysis of insurance claims.”
1: https://www.reuters.com/investigates/special-report/usa-tran...
I also find it insane that they had investors (who somehow remain unnamed and uncharged???).
What does it mean to fake a device or user agent? Their intent is probably devices and user agents who say they’re one thing but are actually another. But browsers have been lying about who they are for decades. And what’s the difference between a fake device/UA and an unusual device/UA? Probably none, as far as they’re concerned.
> "If the government can't stand up for Canadians against tech giants, who will?" said Rodriguez.
How is this "stand[ing] up for Canadians"? More like standing up for news corps. The framing of the response from Meta by Trudeau as "bullying tactics" is a bit irritating. I'd expect Meta's experiments with blocking news to be checking whether the new costs mean it's still worth for them to post news or now. I still don't really understand what the purpose of this law is.