paulusthe
Joined 4 years ago
Joined 4 years ago
It didn't, and they're still mad about it.
Then there's the broader question of whether this is good for productivity. If every company is a financial company, who actually makes tangible stuff?
And then there's cultural differences in which people sometimes see a negative result as a "failure", don't publish it as a result, and instead skew the data and lie their asses off in order to gain prestige in their career. As long as nobody double checks you, you're good.
That said, my problem isn't that he broke the rules. My problem is that, when confronted about having broken the rules, he lied about it then retreated into "why don't you believe the mission bro?" As if his solution is the only possible solution to the problem.
He's full of himself, doesn't care about rules, and gaslights those that criticize him. His messianic do-gooder-ism a bullshit marketing cover for him doing what he wants.
In the seven years since that call, Suleyman’s wide-eyed mission hasn’t shifted an inch. “The goal has never been anything but how to do good in the world,” he says via Zoom from his office in Palo Alto, where the British entrepreneur now spends most of his time.
Thanks, I hate him already.
A messianic SV hand waver who doesn't care about anything but his special mission, doesn't care about breaking rules, and reflexively gaslights people who complain. As if "Why don't you support the mission bro?" is a reasonable response to "you should protect people's information."
I think it's an introvert extrovert split, primarily, with extroverts more likely to be in leadership roles and therefore dictating to everyone else to live like they do.
Unfortunately the Peter thiels and all those bizarrely out of touch silicon valley assholes have already effectively scraped the Internet because ethics don't matter if you're special like them, so to a degree regulations are way behind the ball.
That said it's still worth doing, and I'd love to see it done retroactively as well. It's not as if "I forgot that I had a public Myspace 25 years ago" is an implicit user opt-in for some startup to save your data - however anonymized they claim it is (lol!) - and train its AI on it.
He never actually questions his own system, because he's ultimately an engineer. He's clueless on social structures or systems.
I get this is hn where diy ethos runs deep, but please don't do this. Hire someone to design it and oversee construction for you.
Expertise exists and matters.
AML also serves to buttress public support in the financial system because the public interest is being served, and at least recently, without AML the housing crisis would be significantly worse.
"Let the criminals put their cash wherever they want, because it's too expensive to stop them" Isn't exactly the rallying cry you think it is