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Comment Re: Root out the Root Corruption First. (Score 1) 30

So have haircuts. Is that because of credit cards, or might it be due to labor-intensive services being unable to capture the labor productivity gains of the rest of the economy.

Having been able to attend college due to the existence of federal student loans, I know the answer. What's your excuse for not knowing?

Comment Re: This is not about crypto (Score 1) 21

It's absolutely spot-on true. None of that information is public, apart from reported beneficial ownership. Even were that data disclosed, what do you really learn when the transfer agent says brokerage X holds Y shares? Or when they say they issued a certificate in name Z but have no idea whether it has been endorsed for sale or inherited or whatever? There are more examples.

Comment Re: This is not about crypto (Score 2) 21

I think there could be more to this than just "distributed transaction log" versus "traditional ledger." The current traditional ledger is a leaky black sieve inside a black box unless you're after potentially-outdated data on beneficial owners. Only a *nonpublic* distributed transaction log could possibly hope to offer as little information about ownership as the current system.

Comment Re:Harm (Score 1) 109

While this is true, being the subject of an experiment to see what happens when you do that is not something most people would choose for themselves. It's not *irrational* to be concerned. Absence of evidence on a largely unexplored question like microplastic infiltration in human bodies is not the moral equivalent of absence of evidence in an extensively studied question like a vaccine-autism link.

Comment Re:Good (Score 3, Insightful) 147

While it's true every issue has its own dimension, even if those dimensions are linearly independent, they're not necessarily orthogonal. Independent basis vectors can still have a non-zero dot product—in other words, issues which are distinct from each other can align to some degree.

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