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Comment Re:It's been used for many years by law enforcemen (Score 1) 14

No, it's not a "privacy issue" when people post things fully publicly on a social media site. That's called "a complete failure to maintain one's own operational secrecy".

It only becomes a "privacy issue" when some LEO engaging in an investigation makes phony friend account and gets access to someone's entire historical feed of posts, but when it's that kind of "privacy issue" it is still a pretty serious failure of common sense--people just should not post evidence of their crimes online.

Comment Re:Better than nothing (Score 1) 221

I'm calling bullshit on that. If they were really "high wages" then the only way you'd have those jobs going empty is if the town had a history of serial murder of fast wood workers, or there's just no able-bodied people left because the whole town is physically disabled.

If you want to know what it takes to get people to show up, go find out what the monthly rent is in your area for a one bedroom apartment that isn't horrible. Multiply that by 12. Now multiply it by three. Now add 20% for taxes. Now divide that number by 2,040 (40 hours times 51 weeks). There's what your target hourly wage is (and I doubt it's a "high" wage), because that's what it costs for someone to live like a human being and for the community to have a stable economy. Don't like that number because it's way more than minimum wage? Blame the people who have been raising rents by 10% every year, without fail, for the last 20 years. They're the ones determining whether or not anyone can afford to work at the offered wages without having to live in a tent in the woods.

Comment Re:"It was just bad software" (Score 1) 62

The implication of their use of Quickbooks is that they weren't taking accounting seriously, which at this point should be relatively obvious.

The CEO of Coinbase isn't going to make any accusations of fraud without proof because not only would that be a terrible precedent to set, it could result in SBF suing him and Coinbase, and that would be very expensive for no good reason.

Comment This is pretty unusual (Score 1) 46

UDST has been questionable since just about forever, with Tether either refusing to have an audit, or having auditors bail, or having a company say rather curiously that they were not performing an audit, and the suspicion has long been that they were freely printing unbacked currency so they could manipulate markets.

USDC on the other hand, hires auditors who actually do audits and is fairly transparent in how they operate. So this feels a lot like Coinbase is saying, "We know Roger Ver will be the next SBF and it's only a matter of time before that happens and we'd like that to impact operations as little as possible".

Comment Cool story, bro (Score 1) 53

Considering that these are the same people who swore repeatedly that they were 100% backed by USD (then repeatedly refused any kind of audit) and then quite begrudgingly admitted that well, maybe not all of it was backed by USD, maybe it's more like, you know, 70% of it was backed by USD... and then admitted that actually quite a lot of it was simply backed by "other assets" which apparently meant "other cryptocurrency"... and then has an accounting firm try and tally up everything (but was careful to say it's still not actually an audit) and report that "Well, there's a quantity of assets roughly equal in value to the tether that has been issued"... and these people (mainly Roger Ver) basically spent the last five years just completely screwing around and repeatedly lying about what they've been doing with the fiat currency they claim to have been given to hear them proudly proclaim "HEY YOU GUYS, TETHER IS NO LONGER BACKED BY ANY EMPTY PAPER" (which is roughly one-quarter inch away from admitting outright that they've been issuing unbacked currency i.e. printing Tether on-demand for "reasons") you know... it's just not doing anything for my confidence in USDT.

I wouldn't hang onto the stuff if it was given to me for free because Ver is clearly a crook and there's nothing legitimate about their operations.

Comment ...or, you could blame bad web developers. (Score 3, Insightful) 28

I mean, it's not like the HTML attribute spellcheck=false hasn't been around for ages now, and is specifically cited in lots and lots of documentation as something you are supposed to apply to any field that contains or might contain sensitive data.

Trying to frame this as a problem caused by web browsers is kinda sad.

Comment Re:And as usual (Score 1) 158

In his defense, he is sort of looking at a staggering set of legal bills coming up, in addition to needing to find some way to hire someone to manage his assets while he's spending a few years in jail. It's going to be kind of difficult to keep this empire of bad faith alive and kicking if he can't get out there and con more people into "investing" through donations.

Comment This isn't new. (Score 1) 58

This isn't new. It just wasn't published because there's no good solution to the problem, other than always logging out of social media sites the very second you stop looking at them, or breaking the web by refusing all cross-domain links. Normally we dislike drawing attention to things bad people can do until we've got a fix because it generally just informs more bad people how to do them.

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