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Comment Would this inefficient workaround be legal? (Score 1) 49

Set up two companies in a state or country where there are no legal issues. One says "invest in us, if [event] happens by [date], we will pay off more than you invest because company #2 will turn all their assets over to us" and the other says "invest in us, if [event] does not happen by [date], we will pay off more than you invest because company #1 will turn all of their assets over to us." Set up both companies to liquidate and return assets to stakeholders on [date].

Then list the companies on an exchange accessible to US residents or if that's not possible, create a pair of holding companies or closed-end mutual funds that own 100% of company #1 and company #2 above and list them on an exchange accessible to US residents.

If this would be a legal way for New York residents to invest in the outcomes of events, it sounds like Kalshi is just doing the above but without all of the middlemen and inefficiencies that come with middlemen.

If this is not legal, I would ask "why not?"

Comment Re:"Copper based" is a lie. (Score 1) 65

"The whole network" hasn't been copper-based since the late 20th century. Long-distance phone connections went microwave in some areas by the 1970s and were largely fiber by the '80s or early '90s.

When people talk about "copper based" these days they typically mean either from the local traditional telco switch to the premises, from the neighborhood "box" (typically a fiber-to-copper conversion box, but possibly a radio-to-copper converter) to the premises, or from somewhere on the premises (e.g. your cable television or fiber-provider's VOIP-to-analog modem) to the analog telephone device, depending on context. The bottom line is to the end user, it "looks like" plain-old-telephone-service to a device that works on a POTS (analog) line, preferably with a cost that is no higher than a POTS line would be.

Comment Re:From a customer (Score 1) 65

Have you considered cell service with an analog-phone-to-cell-phone adapter? That will give your kid a phone he can call in or out on along with reliable 911. If long power outages are a problem, keep the phone on a charger 24/7 that's plugged into a UPS with enough juice for several days.

Even simpler: a "kiddie cell phone" that can only talk to parent-approved numbers plus 911.

If you have land-line-cable-TV available, you should be able to get a cable-tv-analog-telephone-adapter that has a several-hour battery in it. As long as the cable-tv-provider doesn't lose power you'll be good to go.

Comment Satellite and cell phone backhaul (Score 1) 65

In the short term - like maybe for 10-15 years - allow AT&T to use satellite and terrestrial radio technologies as the backhaul for copper-to-your-house and bill you the "normal" land-line rates. In rural areas this might be nothing more than a satellite- or cell-to-copper conversion box sitting outside your house.

Sure, they will lose money (possibly hundreds of dollars per year) on every customer but it's far cheaper than maintaining a copper plant in hard-to-reach areas.

Eventually though the regulators will have to tell customers "sorry" to regulated-low-cost service in expensive-to-serve area: If you wan to live in a hard-to-reach area, expect to pay a lot more for services or possibly even not have them available at all.

This doesn't solve the problem for providing affordable communications to people who live in areas where satellite and terrestrial radio can't reach. I'm not sure if there is a feasible solution for these customers.

Comment Re:I agree that copper phone lines are obsolete, b (Score 1) 65

...the proper replacement is fiber
Not wireless, fiber

Yes, and no.

In many places the cost of putting in new fiber even where the poles and other infrastructure exists is cost-prohibitive. In those places, other options including satellite, fixed-wireless, and wireless-backhaul-with-fiber-to-the-premesis should be considered.

In a few very remote areas where even satellites can't reach, the only economical answer will be "tough, when the copper fails you will be without service" because it may cost hundreds of thousands of dollars to put in what amounts to new service to serve maybe one residential customer. I don't know of any such places where people actually live in the continental United States, but it's possible that there are a few.

Comment If the government does push back... (Score 1) 1

... expect the solution to be no more movies "sales," just rentals with a fixed time limit, either "until [date master license expires/is up for renewal]" or "some number of weeks/years".

Another solution will be to shift to a "library access" model, which is already common. At least that will be understandable by the general public: Most people know that brick-and-mortar public libraries retire old books to make way for newer ones.

As for existing complaints, the best hope consumers have is that some law firm will successfully argue that the fine print is too buried to create an enforceable contract, then reach a settlement that gives consumers some partial credit depending on how long they had access to their purchase, with vanishingly-low credit if the purchase was more than a few years ago.

Comment Sentience != legal rights (Score 1) 1

When it comes to AI, I expect there will be many years between any credible, widely-recognized claim of sentience and the time when more than a few countries recognize "human rights" for them, if it happens at all.

Having sentience is not required for most people to say "this person/entity deserves human rights," and such rights are routinely granted to non-sentient individuals or entities:

We rightfully give legal human rights to people with medical conditions that render them not self-aware and not intelligent in any meaningful way (e.g. newborns with severe anencephaly, who may only have a brain stem and may only live a few minutes), because they part of a larger class (people) who by definition are supposed to have human rights.

We give limited "person rights" to corporations and other legal entities, but they only exist as legal fiction.

We do not give "basic human rights" to primates, dogs, dolphins, octopuses, and other animals even though there are examples of each that are arguably smarter and more self-aware than a typical 4 year old child. Even in the USA, dogs - "Man's best friend" - are routinely killed (albeit humanely) in some animal shelters for no reason other than the shelter they are in is too full.

In some countries and periods of history, we don't even give "basic human rights" to all healthy adults (e.g. repressed political minorities, children, the ill, the elderly, slaves, women, etc.).

In short, being sentient doesn't mean you get legally-protected human rights, and you (rightfully) may get legally-protected human rights even if you, as an individual, are not self-aware and show no signs of being intelligent.

Submission + - Fundamental architectural flaw in cryptographic trust

An anonymous reader writes: Confidential computing's core trust mechanism is broken. The fix may not exist

“Attested TLS: the handshake that can't prove who's on the other end”

“Muhammad Usama Sardar, a researcher at TU Dresden, has spent the past two years formally verifying whether that protocol, known as attested TLS, actually does what it claims. Using ProVerif, a tool for the symbolic security analysis of protocols, he and his co-authors discovered that it largely does not.”

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