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Comment A solution is a solution (Score 1) 49

> If they are promoted... then they are a distraction because to some people they will be a solution to the climate crisis that doesn't require decarbonising

Is there a term for this socialist mainstay? The one where they have a shit solution that doesn't work, and work to stop any alternatives from emerging lest their victims escape?

Comment Re:They want it all (Score 1) 46

> they get money thrown at them when they go public, then they don't want to be held to the standards

We have the opposite problem. Companies are NOT going public. The regulations are harming retail investors by restricting access to large/new/profitable enterprise.

Regulation that claims to protect investors should pass a cost-benefits test. If private equity is achieving outsize returns by investing in SpaceX, Anthropic, Instagram or smaller less well-known private companies, while retail investors underperform and only invest in legacy companies like KO and OXY, this is a concrete harm that regulation is inflicting on the people it claims to "protect".

Companies are founded, reach profitability, exist for some years while returning capital, and then sooner or later die. It is an objective and well-known fact that companies are staying private for longer and longer, shutting out retail from participating. Is is up to the courts and regulators to do some soul-searching and identify which of their mandates are the most burdensome and most harmful and repeal only those. But the widespread sentiment here of "just dont go public if you dont want retail's money lol" reveals a striking ignorance about the last decade of well-known and successful companies refusing to go public, of third parties inventing various ways to give retail access to said companies and getting bid up to ridiculous premiums due to overwhelming demand.

"I think [privately traded company X that retail wants to invest into] is a scam"

Maybe, but generally the market has been more about allowing investors to allocate their own capital, not Gary Gensler allocating it for the good of the people and the economy.

Comment Visa writes the real lawbook (Score 1) 123

I am still amazed that Visa and Mastercard have not been broken up. I guess Lina Khan was too busy hallucinating big tech monopolies to go after the obvious duopoly dictating terms to entire industries. Think of the MindGeek affair - you and your monopolist buddy work publicly, in lockstep, to shut down a website that every other American uses. And no politician dares go after you. Now that is raw, unadulterated power.

Comment Re:Think of the sheeple! (Score 1) 76

Right, if the elite doesn't believe that the median voter can be trusted to use the Internet without a babysitter, why would they believe that voting is a good thing? You don't allow morons neither knives and you also don't allow them near voting booths. If the moronous populace cannot be denied access to the voting booth, the results are inherently illegitimate and ignoring them in favor of doing whatever the elite wants is the only way to save democracy :^)

Comment Think of the sheeple! (Score 1) 76

Far worse than a lack of guardrails is the ubiquitous attitude in media and politics that the average voter is no better than a child. "Think of the sheeple, what if they hear about the cum soup!"

It's very fashionable to outwardly care about democracy while also believing that the average prole can't be trusted with access to kitchen knives, unsanitized chatbots, unapproved thought etc. Something is deeply rotten in how journalists and policy people are taught; the "liberal" in "liberal arts" is gone.

In a society where people actually believe in democracy, the dominant response to "we must control the how the populace uses chatbots" would not be "but China will win the AI race!", but rather "who made you king?".

Comment Re:natural selection (Score 1) 173

There is nothing odd about it. It is difficult to both study until 30 and also have multiple kids. Pre-40 education trades off against fertility. PhD = no income stability until 30s = no kids until 30s = likely zero kids or "one and done". Delayed fertility is fertility foregone.

Comment 100% organic content (Score 1) 27

Folks, let me tell you, we have the greatest AI regulations—really, just incredible. Some say the best in the world, and you know what? They’re right. Artists, creators, they come up to me, they say, ‘Sir, we love what you’re doing, we love the protections, but can you make them even bigger?’ And I say, ‘Absolutely, we can always do more, much more.’ Because we’re not just regulating—we’re leading. The Americans, the Chinese, they look at us, they say, ‘Wow, how do they do it?’ And I’ll tell you how: because we understand fairness, we understand safety, and we understand protecting jobs. No one else does it like us, folks. No one.

Comment Re:Postcards from the Beyond (Score 2) 139

In Switzerland there's a system called eBill where you can authorize bill providers, manually greenlight individual bills or set arbitrary caps under which bills are automatically authorized. It works very well. The first time I paid my electricity bill, my banking app offered to add that provider to my eBill account (without that I had to scan a physical QR code that came in the mail to pay the bill).

Comment Re:not sure how this is a "near miss"? (Score 1) 82

The ability to keep accurate lists in triplicate is one of very few things that are non-negotiable for a bank. Yes other banks will help undo it but I think it's a near miss in the sense that "Citi can't keep lists" -> "Citi should not have access to interbank payments"

Comment I hate Drumpf (Score 0, Troll) 51

I hate Trump and so if he loves encryption, I love govt snooping. Please uncover all my secrets and give them to my lords. I hope that Neuralink never works, that the Palestinians keep fighting and that China acquires and demonstrates their orbital weapons by shooting down Starlink. Trumptards, don't talk to me if you haven't acquired empathy for your fellow humans yet.

Comment Re:amazing (Score 0) 75

> There seems to be a belief that laws have to be perfectly enforceable to be valid.

If you cannot enforce the law consistently, it turns into a cudgel to be wielded by the powerful against the rest of us. And this digital copyright stuff has a very distinguished record of being misused like that - ask any youtuber who has had to deal with a copyright strike. Scarlett gets all the rights, you and me get all the responsibilities.

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