Hacker News: notch656a

New comment by notch656a in "A software change allowed FTX to use client money"

notch656a — Wed, 14 Dec 2022 04:29:44 +0000

This should apply to anyone. IMO engineers aren't special. As a human you should try not to fuck over other people.

New comment by notch656a in "A software change allowed FTX to use client money"

notch656a — Wed, 14 Dec 2022 00:23:01 +0000

Both criminal law and code are vast enough that the fraction I understand of either is closer to zero than the entirety.

New comment by notch656a in "The United States of America vs. Samuel Bankman-Fried Indictment [pdf]"

notch656a — Tue, 13 Dec 2022 23:38:29 +0000

I've learned to identify a kragen post from the preceding zero.

New comment by notch656a in "Binance freezes withdrawals of stablecoin USDC as investors pull $2B"

notch656a — Tue, 13 Dec 2022 20:25:56 +0000

Just bringing your stuff with you from one state to another could make you a felon, making people very locked in from moving across certain states. Someone in Idaho would become a felon for bringing their (Idaho legal) AR-15 into California while the person in California would become a felon for bringing their (California legal) weed plant into Idaho.

A lot of these states have backdoor ways of keeping out culturally incompatible folks from moving state to state by making mere victimless possession of certain items disproportionately linked to certain American cultures into felonies.

New comment by notch656a in "Binance freezes withdrawals of stablecoin USDC as investors pull $2B"

notch656a — Tue, 13 Dec 2022 17:09:35 +0000

Euro floats.

New comment by notch656a in "Binance freezes withdrawals of stablecoin USDC as investors pull $2B"

notch656a — Tue, 13 Dec 2022 16:59:27 +0000

More like they trusted two (well actually three if you count US gov) centralized entities instead of one. It's like asking permission from both momma and pappa to eat desert. They should have just depended on the single entity backing USDC rather than putting themselves in a situation where they'd be also be fucked if Binance froze by leaving their tokens on exchange.

When you put USD backed stablecoin on exchange you're trusting

1) Exchange won't fail

2) Backers won't fail

3) US gov won't fail

Any single one fail and you're fucked. America decided dollars should float in the 70s, and most of the world followed. IMO sooner or later crypto will end up all floating because pegging relies on centralized points of failure and eventually people will tire of getting wiped out.

New comment by notch656a in "Binance freezes withdrawals of stablecoin USDC as investors pull $2B"

notch656a — Tue, 13 Dec 2022 16:52:57 +0000

Lol almost no one in South America is laughing at USD. I've been to 3 of the 4 continents you mention and spent USD directly in all of them but Europe. Hello in many south america countries you get better prices even adjusted for true exchange rate because no one wants dog-shit and it saves them a trip to the money-trader before their money turns into kindling.

New comment by notch656a in "SBF Arrested by Bahamian Authorities"

notch656a — Tue, 13 Dec 2022 16:49:06 +0000

Aren't there lots of terrible crimes without a victim? Like smoking or growing plants, or owning an NFA restricted firearm item? So looking at victims may not tell the whole picture.

New comment by notch656a in "SBF Arrested by Bahamian Authorities"

notch656a — Tue, 13 Dec 2022 03:37:57 +0000

Exactly. If men are disproportionately in prison, maybe that isn't justice.

Why is it ok for 'spaulding to just shut down the argument as "nothing about justice requires that punishment be meted out in strict accordance with demographic breakdown" but suddenly a fallacy when I insert an actual demographic? I knew it would make people upset because well if we're talking about men then no defense is necessary, no woodruffw to the rescue with "affirming the consequent", but if black people cue up the folks with the torches.

New comment by notch656a in "SBF Arrested by Bahamian Authorities"

notch656a — Tue, 13 Dec 2022 03:03:55 +0000

Exactly. If black people disproportionately are in prison, maybe that's just justice.

New comment by notch656a in "SBF Arrested by Bahamian Authorities"

notch656a — Tue, 13 Dec 2022 02:52:15 +0000

Same when comparing racial disparity in crime/prison.

New comment by notch656a in "SBF scheduled to testify tomorrow at US House hearing on FTX collapse"

notch656a — Mon, 12 Dec 2022 23:45:16 +0000

>You’re going to be waiting a while.

He's been arrested.

https://www.cnbc.com/2022/12/12/ftx-founder-sam-bankman-frie...

New comment by notch656a in "SBF scheduled to testify tomorrow at US House hearing on FTX collapse"

notch656a — Mon, 12 Dec 2022 22:15:09 +0000

Looks like you're right, thanks. Gonna be a long time before he goes to jail then. Maybe Bahamas will charge him first to get him in jail and then US would be able to extradite as I doubt Bahaman charges would count toward US speed trial.

Edit: SBF has been arrested by Bahaman authorities.

New comment by notch656a in "SBF scheduled to testify tomorrow at US House hearing on FTX collapse"

notch656a — Mon, 12 Dec 2022 22:00:43 +0000

He can be imprisoned on one "sacrificial" offense for which they have probable cause but don't care much about.* Then reset the clock with a superseding indictment.

* Note per below the sacrificial offense would be a Bahaman offense while the superseding offense would be in US jurisdiction.

New comment by notch656a in "U.S. Justice Department is split over charging Binance as crypto world falters"

notch656a — Mon, 12 Dec 2022 21:51:19 +0000

No they responded that "AML/KYC violations " (the allegations they responded about) were "generally (although not always) victimless crimes."

The violation wasn't money laundering the violation was not putting into place state mandated guards to impose AML compliance and the appropriate (arguably unconstitutional) searches.

New comment by notch656a in "U.S. Justice Department is split over charging Binance as crypto world falters"

notch656a — Mon, 12 Dec 2022 21:29:44 +0000

I presume a gun in the hands of a federal employee is a potential danger and thus these government employees are violating endangerment law by engaging in armed enforcement of KYC/AML laws.

Banks should have the presumption that collecting KYC information like addresses/names recklessly endangers the children of their clients by exposing their information to officers with guns who are known to harm children when serving warrants.

New comment by notch656a in "Ghosn’s daring escape cost his extraction crew their freedom"

notch656a — Mon, 12 Dec 2022 20:26:24 +0000

If someone can't have a fair judicial process the "path forward" is for them to have "jail time"? Fuck that, I praise Ghosn's actions.

New comment by notch656a in "SBF scheduled to testify tomorrow at US House hearing on FTX collapse"

notch656a — Mon, 12 Dec 2022 19:05:45 +0000

At what population size is democracy acceptable? Is it bad to say live in a world with decentralized democracies i.e. say the US and Sweden are separate entities?

New comment by notch656a in "U.S. Justice Department is split over charging Binance as crypto world falters"

notch656a — Mon, 12 Dec 2022 18:47:38 +0000

Depositing $50k in cash is not evidence of a victim. There should be no government imposed search without probable cause a crime has occurred thus it should be illegal (for government) to stop the anonymous deposit outside further evidence.

That one can transfer $50k worth of something like XMR, seemingly anonymously, is the entire point. You get your 4th amendment rights back.

New comment by notch656a in "Ghosn’s daring escape cost his extraction crew their freedom"

notch656a — Mon, 12 Dec 2022 18:32:50 +0000

I feel bad for them. They helped Ghosn escape an unfair justice system.