penguindev
Joined 13 years ago
Joined 13 years ago
- I would tell someone with type 2 diabetes to stop taking drugs and instead stop eating the carbs (of course the politically correct pharmaceutical / govt response is to take drugs which only treat the symptoms - funny how financial interests work). Again, first hand experience with this.
So no, I would say you can look to either people "having it bad" or "having it good" and finding in both cases they have the power to make choices.
Hope you find something better than pills and/or paying a shrink for the rest of your life. I know you can.
Sounds like voice of experience from both sides... ?
- two factor login (you need password + sms text)
- account recovery (using only a phone) THIS IS DUMB.
I only use an alternate email for recovery (my wife and I cross). Thus, each recovery account is still 2FA secured.
There's already been a story floating around about a young kid charging his dad's credit card because of the phone recovery option (he had the android phone in this case). This is NOT the same as 2FA auth.
If you can read the raft paper and come away also knowing how group membership changes (wow) and log compaction works, in additional to the "basic" log replication consensus, that's huge.
edit: I'm sure it's still 'hard' to implement, like bringing a brand new replacement machine up from scratch (copying the full data set over, to warm him up, and then starting replication efficiently), i.e. there's still a lot of coding to do
Re: BIS, I haven't looked into that much; I'm afraid I'm depressed enough already :-)
Legal Tender Act, 1862 [1]:
"Thaddeus Stevens, the Chairman of the House of Representatives Committee of Ways and Means, ... denounced the exceptions, calling the new bill "mischievous" because it made United States Notes an intentionally depreciated currency for the masses, while the banks who loaned to the government got "sound money" in gold."
Banks always get the first class life boats, and set their own rules (think about it, they buy influence, it's not that hard when you're a bank). I think Europe just missed some kickbacks the old fashioned way.
Sure they will spin some line like 'profits' from the fed go to the government (profits above which are distributed to the private bank shareholders, of course!) but that's like saying I get reward points for every dollar I charge on a credit card. If you really think banks are "giving up" a lot of profits, you might want to check the total % of profits that go to the financial sector in the US economy. What are "profits" anyway when you can just print money - what is profit measured by?
Furthermore, even your 'small banks' that "loan" money under fractional reserve rules are, if you squint, awfully close to counterfeiting as that can raise the money supply 9 fold.
So I recommend you keep digging and follow the money.
It's really nothing compared to the fact that banks can print trillions of dollars of credit out of thin air - and not go to jail for counterfeiting. Heck, counterfeiting used to be a capital offense in this country.
So the lesson is always: rules don't apply to rich people.