In its ruling, the court said the audit report was so general an investor wouldn't have relied on it.

The overwhelming majority of investors are "non-savvy investors" and the court knows that. These are not people trained in financial audits, much less forensic auditing who are capable of really parsing the tea leaves to find signs of fraud.

Odds are good even major newsletters like Motley Fool premium would be fooled by this.

The courts reaction to this fig leaf of fraud is just \_()_/

They ought to be impeached by Congress and removed for this. They are completely unfit for public service.

For example, have federal law enforcement at least harass the hell out of the top users and downloaders of LAION-5B because it was discovered to have thousands of CSAM images in it. In Discord chats they even admitted it could easily end up being full of CSAM, but were like "whatcha gonna do?"

From where I stand, it looks an awful lot like Western AI companies are wiping their asses with copyright and CSAM law. At the very least, with these large scraped data sets we could have the feds go around "verifying the destruction" of every copy of these data sets with copyrighted data and CSAM.

then kids will simply look through the parents' password book or exploit the fact that Google stores passwords and doesn't require authentication

If the parents don't sign in on their kids' computers, the parents will get a security announcement with some detailed information if they try to log in on their devices.

If this is to access the site, then legit users will be discouraged or will set up a VPN to access the site from another country.

Legal users being discouraged is something the porn industry has dealt with since the old days of seedy theaters and having to buy content in public.

VPNs can at least be blocked on iPhones and Android devices if those stores set up age restrictions on installing the services, which they should be pressured to do if they're not already doing that. Minors have no legitimate needs for VPNs without their parents' informed consent.

Either that, or the kid will sneak into their parents' bedroom and borrow the credit card/passport.

If they're doing that, the parents already have bigger problems. Also, the kid's not going to likely get away with it if the sites charge a nominal fee unless the parents never scan their credit card charge history for potential abuse.

Given the level of coordination between former employees and Tata, it should be assumed by CSC that Transamerica might have been in on it. The former employees are 2 miles under the surface in a sea of legal shit under federal law over this, so CSC has legal leverage over them to make them cooperate with any private investigation it wants to carry. CSC is also a major government contractor, so they probably have the connections to "make very bad things happen" since these former employees of Transamerica conspired to commit criminal acts with CSC's IP.

There is something perverse about a company like Meta or Apple creating a semi-centralized or fully centralized messaging system that requires the company's services and property to operate and then deliberately designs it so that criminals can use their services and property with minimal prospects of complying with normal legal standards.

This is a completely different thing from hamstringing decentralized protocols or centralized systems that are open source and can be deployed by private parties.

When Big Tech says "we can't do anything" that's just pure bullshit because they own the infrastructure and direct the evolution of the whole tech stack. That's barely different than Verizon saying "sorry, we can't be expected to comply with CALEA and related laws because... reasons..."

Disclaimer: I only read the summary and not TFA - and no nothing about this project. It just looks like the usual buzzword publicity to me.

And it shows because your comment shows absolutely no appreciation for the issues the industry faces.

The whole point of using a private blockchain is because you need a global (at least among participating entities) record of truth. A centralized database in the hands of one party is not that.

Why do you need this? Similar reason to stocks getting tokenized. The existing system makes it easier (much easier) to engage in fraud (most notoriously naked short selling) because you don't have an authoritative record of truth above all of the participating entities.

Moving ownership of gold stored in vaults to a blockchain has the advantage of allowing all participating entities to move asset claims faster and cheaper, as well as detect bad actor behavior more easily.

We're not far from Global Financial Crisis 2.0, and Apple is sitting on high premium hardware where you can't even easily replace the battery.

I'm convinced that a lot of crime ranging from petty street crime (up to misdemeanor violent crime against people and property) and anti-social stuff like this could be solved if we overturned all of the bad case law against hard labor punishments.

Imagine if the system were allowed to send the homeowner to a chain gang after work and on the weekends, with the threat of being charged with a felony if they don't show up to work. Put them to work in a jail uniform in the stinking hot Texas/deep south weather. Coerce them to have a work ethic under penalty of being sent to jail if they slack off.

I think that would get the point across to a lot of non-felons a lot more effectively than the abstract threat of sitting in a jail cell or getting probation. And if the homeowner is old and ends up being at risk of a fatal heart attack or stroke from the exertion? Sucks to be them. Shouldn't have taken a giant industrial sized shit on their community.

why I (as a non-criminal) should use digital coins instead of the bog-standard digital dollars we all currently use every day via credit and debit cards, ACH and Direct Deposit, etc.

This coin is not a consumer-held coin. It says right there in TFS that this is operating on a private blockchain. That means you will never hold it, never see it, etc. JPM is testing out various strategies for doing large scale asset management over blockchains. The future there isn't current gen public chains, it's permissioned, private ledgers deployed between peers that ordinarily more or less trust each other. You will not hold coins on those. The blockchains will simply be a messaging system + system of record for value.

Just borrow from Sci-Fi...

1. Never let AI control weapon systems.
2. Never let AI deploy software across networks.
3. Firewall the heck out of AI systems that have network access.

Basically operate from this principle "never, ever, ever allow an AI to have the capacity to spread like a virus across infrastructure and start shooting at you."

Paul is correct that it should have had absolutely no dealings with big tech on the elections issues, especially with Meta, Twitter, etc. which aren't even remotely justifiable under the agency's mandate to protect critical infrastructure. It is the job the Intelligence Community and federal law enforcement to hunt for FARA violators, 50 cent army trolls, etc. not CISA or the NSA (folks, CISA is the purely civilian, DHS counterpart of the defensive side of the NSA).

The agency was supposed to be laser focused on securing critical networks, not verifying that your MAGA-loving uncle wasn't following Russian trolls. We'll probably pay the price sooner rather than later for the agency's broken priorities when China launches a massive cyber attack on us when they open the next front in WWIII.

The big change in the market was when Amazon decided to just start rolling their own packaged versions of popular FOSS apps and doing minimal contributions (if any) back. Now the companies that make money with cloud and enterprise versions of FOSS apps are suddenly facing competition from companies like Amazon and Microsoft that are contributing little if anything back.

I remember when Mongo and then Elastic moved away from the ASLv2 over this. They got hammered, but no one had a viable alternative for them. Amazon was literally competing with their core offerings and doing virtually nothing of value either in terms of code contributions or hiring contributors. I would say a fusion of LGPL and GPLv3 is the only license that can be somewhat permissive and hold the cloud providers accountable because of the latter license's restrictions that target cloud products.

So he's not wrong that the status quo isn't working. If you're building using ASLv2, BSD or MIT you're just begging for Amazon to come in, slap some automation on your base product and then try to undercut you.

Anderson owns StreamScale. He just got himself on paper a $240M payday for patents that he claims cover CDH even though the core Hadoop tech in CDH predates his filings with the USPTO by about 5-7 years.

AFAICT, he is claiming that HDFS violates his patents, which would be news to Google since HDFS was based on a white paper that Google published in 2003. AFAIK, there was nothing like HDFS in the wild outside of Google until Yahoo created their own clone based off of Google's proprietary work that started probably in the late 90s.

They have to be careful for political and economic reasons about selling it off because the level of liquidity in the BTC market is not high enough to support a massive increase of say 5k-10k coins at the CEXs. The last thing they want to do is simultaneously cripple their assets' value and have a furious response from pro-crypto politicians in Congress because that's just a lose-lose for the IRS, DHS, FBI, etc.

Basically, they're in the same position as a large institutional stock holder who suddenly wants to sell off their holdings but doesn't have an institutional buyer ready to do a private sale. When a stock with a smallish float has that happen, all hell would break loose on the stock price. That's one of the reasons why we have "dark pools" in the stock market. They were allowed by the SEC (and badly abused by market makers) to rapidly facilitate on and off ramping to control volatility during massive swings in volume.

That's the third reason. It's not enough to hold the parents responsible, you have to be able to hold the kids accountable.

You'll never see a DoD school tolerate the sort of garbage behavior that is normal from students in the inner cities. Even the minority kids whose parents left those places will be held to a real standard.

Try that in an inner city and you'll have no shortage of people crying "dat racissss" at you, including a bunch of well off people who want to virtue signal.