Recent submissions

Comment · 7 years ago
The EU [0], the USA [1], The Lima Group [2], and the IACHR [3] have all denounced the Venezuelan election as fraudulent among others. The Electoral Integrity Project at Harvard lists 46 countries total that have issued denunciations and gives a thorough explanation of electoral fraud in Venezuela [4]:

> "Chávez created a political regime based on a concentration of power that allowed him to co-opt the Supreme Tribunal and the National Electoral Council. An example of this was the 2004 recall referendum procedure that was manipulated by Chávez to assure his victory."

> "Maduro was elected in 2013, in a contentious election. After that, electoral malpractices increased, particularly after the Supreme Tribunal decided to dismantle the Venezuelan Congress."

> "in January 2018 the illegitimate national Constituency Assembly decided to convene an early presidential election. The single-party assembly was installed in a clear violation of the Venezuelan Constitution. In any case, according to the Venezuelan Constitution, elections must be called with at least six months’ notice."

>"The national constituency assembly decided to ban the participation of several opposition political parties [...]. In addition, several political leaders were banned, while others were prosecuted or are in exile. The right to participate in public affairs and to be elected was violated."

> "The National Electoral Council’s Directors were appointed by the Supreme Tribunal, and not by the Venezuelan Congress, as established in the Constitution. This facilitated its politicization, as was demonstrated during the 2016 recall referendum against Maduro, which was blocked by the Council."

> "The right to equal opportunities to vote and universal suffrage was violated due to several inconsistencies in the electoral register. This included issues for Venezuelans living abroad: only an estimated hundred thousand Venezuelans [of the 4-5 million exiles] were able to comply with the electoral register."

> "Freedom of opinion and expression has been violated, particularly, since the Constituent Assembly approved an “anti-hate law”, that established ill-defined crimes punished with prison up to twenty years. Criticizing the Government can be considered a hate crime."

> "Several critics stated that the Government used social programs to coerce voters, in violation of the Anti-Corruption Law. For instance, Henri Falcon (Maduro’s main opponent in the election) denounced that Maduro used the “fatherland card” –required to access medicine and food provided by the Government- to coerce voters."

> the 2018 election had a 40% turnout (half the turnout in the previous election but the EIP also notes: "abstention could not be deemed as the cause of Maduro’s “victory”. On the contrary, abstention is the consequence of fraudulent actions that allowed Maduro’s reelection".

It is also worth noting that the one legitimate source Maduro insists on evoking to proclaim the legitimacy of its election is the Carter Center which also issued a statement calling those claims misleading and claiming that "The Carter Center has not observed elections formally in Venezuela since 2004"[5].

As for Bolsonaro, his electorial upset and later actions was met with an Economist cover calling him "Latin America's latest menace" [6], An opinion piece by the Editorial Board calling him "Brazil's Sad Choice"[7], an extended segment by John Oliver [8], an extended segment by Hasan Minhaj specifically about the Amazon in May [9], an entire documentary about his rise to power distributed by Netflix [10]. The numerous articles in major media organizations about these recent fires are part of a long trend of robust (and rightful) scrutiny of Bolsonaro's beliefs from election to administration.

I'd like to emphasize this is not my apology of American diplomacy in Venezuela or of Bolsonaro's administration. I am troubled by Mr. Bolsonaro's medieval worldview and assaults on institutions. I also am worrisome about how much US seems to be flirting with military intervention in Venezuela.

But claiming that (a): the 2018 Venezuelan poll was a "legitimate election" and that (b): Brazil's government "gets no media coverage" is resolutely false and doesn't stand up to scrutiny.

[0]: https://www.dw.com/es/uni%C3%B3n-europea-rechaza-elecciones-... [1]: https://www.foreign.senate.gov/press/ranking/release/senate-... [2]: https://prodavinci.com/grupo-de-lima-solicita-suspension-de-... [3]: http://www.oas.org/en/iachr/media_center/PReleases/2018/112.... [4]: https://www.electoralintegrityproject.com/international-blog... [5]: https://www.cartercenter.org/news/pr/venezuela-020419.html [6]: https://www.economist.com/printedition/covers/2018-09-20/ap-... [7]: https://www.nytimes.com/2018/10/21/opinion/brazil-election-j... [8]: https://www.youtube.com/watch?v=FsZ3p9gOkpY [9]: https://www.youtube.com/watch?v=xt8EcSyjPY8

Comment · 8 years ago
Comment · 8 years ago
Comment · 9 years ago
Takeovers cost time and money to execute (lawyers, consultants, bank fees) beyond just the purchases price. If the deal does not go through it is a loss for the acquirer, hence breakup fees. If the chance of takeover failure is low the acquirer will be willing to accept a smaller insurance.
Comment · 9 years ago
I wonder if a crash would be good for Bitcoin's price. I think it is a bubble but it seems like an asset that would gain traction in times of fear/uncertainty in the fiat economy.
Comment · 9 years ago
Can't speak for OP but Tumblr has a pretty big SJW subculture; screenshots from more esoteric or radical discussions get some ridicule on reddit and elsewhere. Check (the equally toxic) subreddit tumblrinaction for a sample of this type of content. I can't tell you how representative that is of the whole site though as I am also not a tumblr user.
Comment · 9 years ago
I have a feeling jobs on craigslist will say "paid in props" now rather than "paid in exposure".
Comment · 9 years ago
fwiw I did this and it worked for me. It can take more than two weeks and if you login the process is interrupted. A good bet is to ask your friends when your messages appear as "facebook user". After that my login didn't work anymore.
Comment · 9 years ago
NO it is not. Inflation does not mean growing money supply. It means money supply growing faster than the real economy that transacts on that money. Bitcoin money supply may be growing but not fast enough to accomodate the demand. So it is deflating.
Comment · 9 years ago
> There really are many more units, with the option of increasing the divisibility past eight decimal places in the future.

You are still missing the point. It is not divisibility that makes bitcoin unsuitable as a spending currency, it is the fact that its price keeps rising. Imagine if you are presented with two coins one that historically inflates and another that deflates and are asked to spend one and hold the other. Which do you pick? An inflating coin will always replace a deflating one as a medium of exchange. This is called Gresham's law.

A coin with a fixed supply will never be suitable for daily transaction because the demand for currency isn't fixed (due to economic and population growth).

Comment · 9 years ago
The Tribeca film Festival happens in NY :)
Comment · 9 years ago
Comment · 9 years ago
How do you explain free banking then? Banks issued their own notes (fiat debt instruments) to gold depositors. This was not a good system in the end, which is how central banking and the national note as the only legal currency arose. But it lasted anywhere between 20-100 years in most countries. I too think the state has a role in defending its currency but saying they invented debt money does not square up with history.
Comment · 10 years ago
Could someone explain why this would dilute voting power?

Voting power of an investor = votes held by investor / total votes

While the dividend will slash the economic ownership of my class A stock, that stock still has the same voting power because the number of votes and distribution of those votes has not changed.

Am I missing something?

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