The fight itself was lame which worked in their favor. No one really cared about not being able to see every second of the "action". It's not like it was an NBA game that came down to the last second.

For a 3% discount, would customers agree to use something that worked just like cash, where the transfer was instant and couldn't be undone? Then you don't have to worry about fraud, chargebacks, etc.

https://www.youtube.com/watch?v=mw-zE7zGEkM

When it starts being populated, is it going to be run like a company town[0] where they control the stores and restaurants? How much control will they have over local elections?

[0] https://en.wikipedia.org/wiki/Company_town

It would help tremendously if the US changed the rules and made it so most people got insurance directly and not through their employer.

There's now almost no programmers on the board or in senior leadership positions. The interim CEO they picked is an MBA who ran a business line at AirBnB.

It seems like another case of MBAs taking over.

Comments URL: https://news.ycombinator.com/item?id=38679187

Points: 5

# Comments: 1

"Even prior to producing their first words, infants are developing a sophisticated speech processing system, with robust word recognition present by 4–6 months of age. These emergent linguistic skills, observed with behavioural investigations, are likely to rely on increasingly sophisticated neural underpinnings. The infant brain is known to robustly track the speech envelope, however previous cortical tracking studies were unable to demonstrate the presence of phonetic feature encoding. Here we utilise temporal response functions computed from electrophysiological responses to nursery rhymes to investigate the cortical encoding of phonetic features in a longitudinal cohort of infants when aged 4, 7 and 11 months, as well as adults. The analyses reveal an increasingly detailed and acoustically invariant phonetic encoding emerging over the first year of life, providing neurophysiological evidence that the pre-verbal human cortex learns phonetic categories. By contrast, we found no credible evidence for age-related increases in cortical tracking of the acoustic spectrogram."

Paper: https://www.nature.com/articles/s41467-023-43490-x

The larger trends ("most of the effect is driven by teen who use no social media", etc.) aren't supported by the data he presents (look at the table of "social media time" -> Depression for example).

Are the researchers who look into this problem predisposed to finding a connection? Probably. But I do think the open, community based analysis Haidt led was done well and if you look at what they found digging through 386 studies, it's compelling.

For more, here's an open, collaborative review of 386 studies: https://docs.google.com/document/d/1w-HOfseF2wF9YIpXwUUtP65-...

This post has a list of the some of the better studies and gives a good synthesis of the results:

https://jonathanhaidt.substack.com/p/sapien-smartphone-repor...

Comments URL: https://news.ycombinator.com/item?id=38388323

Points: 2

# Comments: 0

Binance is very different. While it hasn't complied with various securities laws, it's never lied to customers and has kept customers' assets safe. They've also done steps to build confidence and be transparent like verifying proof of reserves:

https://www.binance.com/en/proof-of-reserves

While this report isn't perfect, it does show that wallets they control have as much in assets as they're supposed to, so we know they're not doing what FTX did.

https://www.justice.gov/usao-nj/pr/united-states-seized-and-...

What's most interesting is almost all of the $54m is from how much crypto has appreciated since it was purchased in 2014:

> Castelluzzo then used some of the Bitcoin he had earned from narcotics sales to purchase 30,000 Ether in Ethereum’s Initial Coin Offering in July 2014. Castelluzzo also received an amount of an additional cryptocurrency – 30,000 Ethereum Classic – in 2016. Castelluzzo used the additional cryptocurrency to purchase various other cryptocurrencies. The complaint seeks the forfeiture of all of the cryptocurrency Castelluzzo obtained as a result of his narcotics sales.

In the ICO, ETH sold for ~$0.25, so they bought $7,500 worth. ETH now trades at ~$1,800, so what they bought is now worth $54m.

Ponzi is the wrong word. Pyramid scheme is more accurate.