skysight-inc/HackerNews huggingface dataset:
These people were making predictions like this in 2017 when btc was at 20k. It crashed brutally for a long time, and nothing happened to Tether. I see no reason whatsoever to think that this time is different. This article relies on the same specious arguments as all the others. The simple fact of the matter is that you cannot maintain a peg in liquid markets for a ponzi asset for any appreciable period of time. Tether trades in liquid markets on many exchanges, and there is no way to fake that.

It is possible that Tether is a ponzi, but if it is, it's at least mostly backed. It's certainly true that the company is shady, and probably doing riskier things with the capital than it should be, but the idea that Tether is a complete ponzi that's been used to inflate the entire market is just demonstrably false.
> users were not allowed to install 3rd party software without approval (including chrome, etc)

This should be, and always should be, the case. Chrome is such a bad actor in allowing userspace install, we mark it as malware to prohibit unauthorized installation. Chrome Enterprise policies don't seem to be able to disable this, marking it as malware is the only way out...

That said, we offer two modern browsers to everyone in our environment, Edge and Firefox.
Replies are welcome, but I've collapsed this subthread to prevent the page from going too far off topic. Sorry—I know that my comment is just as off topic. But it has an educational function (at least under optimistic assumptions) and that requires people seeing it.
Instead of puns, you can substitute the synonym for the word you're punning. So instead of "I never forgot my roots" you can say, "I never forgot my tree butts" or whatever word silly rephrasing you can imagine.
The borderline between "anarchy" and "civilization" is fuzzy at best - and always fluid
About 5 years ago I briefly contracted for a large multinational, who shall remain nameless, who were still running a version of some Lotus thing (I forget whether it was Notes or Smartsuite) that was well over a decade out of support, and possibly two decades old, running on a long since obsolete niche operating system, on hardware that probably dated from the 90s.

None of it could be upgraded.

Which would have been fine except that it had dependencies, and those dependencies had dependencies, and... you get the idea. I got the distinct impression that were it to fail or be unplugged every system in the business might slowly and inexorably fail over a period of days or weeks, eventually grinding all trading activity to a halt.

They were trying to figure out what to do about it and, fortunately, the guy in charge of replacing it really seemed to enjoy that kind of problem but, for all I know, they're still running it.
> preserving the client ip back to the backing service involves a terrible hack called Proxy Protocol

No need for that, there's an IRC extension to indicate the source IP to the backend: https://ircv3.net/specs/extensions/webirc

It's supported by all the major IRCd implementations these days.
Remember, it's not the job of consultants to solve your problems. It's their job to sell you consulting. The blockchain concept was incredible for these guys, because it was so poorly understood by most people (including the consultants) and so incredibly hyped, that it literally sold itself.

One of my businesses is a software consultancy, but we try to be ethical, only taking on projects we believe in. At the height of the hype, we were approached by a shoe company who wanted to sell their shoes (yes, shoes) on a blockchain. We repeatedly told them it was a stupid idea, but they were hell bent on proceeding. In the end we actually had to implement it to convince them that it gave them nothing more than their standard database (in fact it gave them poorer reporting capabilities and performance). I decided to drop them as a client after that - you cannot satisfy clients with stupid or poorly defined requirements.
Certainly it can be used as a record of ownership. But it's not the real record - that's whatever the legal system holds. So now we're talking about just using it as a view on top of the actual system of record.

It being difficult to mess up doesn't even matter, because it's just a view - it it's wrong go back to the source and fix it. Distributed consensus doesn't matter, because no matter what the consensus says the truth is whatever is in the legal system.

The main design goals of a blockchain are valuable for a system of record. They are not valuable for things that are just a copy of something else. So while you could use it for that, it's not a good fit.
> what I don’t love is how high off the desk it sits

And one of the features of the Moonlander over the Ergodox EZ is it's thinner. Mechanical keyboards seem to be bulky by default.
Printing money in real terms just means taking money from someone who holds it.
Do you believe that shares give you certain rights besides just existing? Like, say, a right to future shares of profits, or voting rights?
Well, the unsustainability of a negative sum game being masked by new investment is basically the most general form of a Ponzi scheme, and that's what this article is arguing Tether is
if you want automatic redirection to Edge for your website, you can request it via https://docs.microsoft.com/en-us/microsoft-edge/web-platform...
And just proving why I love Hacker News. I'm going to test proton out a bit then I'll check this out. I appreciate all the links and help
While not officially supported Firefox can still be built with ALSA support and with no pulseaudio requirement at buildtime or runtime. I suppose this might stop working at any point but it still works for me (currently on Firefox 88.0.1).
People and companies leave SF because it's too expensive, SF gets less expensive, people and companies come back to SF, SF gets expensive...?
Until they need to go places during the day and your whole life becomes dedicated to driving them around.
USDC doesn’t have backing either?
Thank you, looks interesting!
set autoFill to "new-password"
Imagine being the engineer who has to keep maintaining the IE codebase for the next 8 years. [shudders]
Somehow I think we're not having the same conversation. It's not that it had to do with use of real names on freenode. It's that it had to do with no formal legal structure for freenode (and a formal legal structure requires real names associated with it).

The person that "sold" freenode didn't clearly have the authority to do so. The community disagrees on what they actually "bought". But baring a formal legal structure... they got away with it.

The comment at the top of this thread was talking about how, if one wanted to try to reduce the chance of that sort of thing happening again before investing energy in this new thing, one would want to know more about the formal legal structure and who is behind it.

The "old internet" way is "We're just some people cooperating, we don't need a legal structure or even to know each other's real names." That has plusses and minuses. One of the minuses is when someone decides they have the authority to sell the whole thing to someone else for personal profit, even though all the people informally cooperating didn't agree to it, and it turns out it's hard to stop them.
Story time: Back before 2010 the Australian government established the Next-generation Broadband Network ("NBN") [1]. Almost all of Australia at this point had ADSL as their best Internet option.

Now the ACCC (equivalent to the FTC but with teeth) had created this situation by allowing third parties to put their own DSLAMs in the telephone exchanges. In response, that telco (Telstra) let the landline business languish (after all, why invest in a network that competitors have a right to access?) in favour of 3G (and later LTE), which had no such constraints and was much more profitable.

2-10Mbps was good in 2002. Not so much in 2012.

So the NBN's original mission was to replace all this copper with fiber (FTTH) and was going to cost tens of billions. Each household would be guaranteed 100Mbps.

Construction got off to a slow start and after a few years later not much fiber had been laid. The Labor (left-leaning) government lost an election and was replaced by the Coalition (Liberal-National parties; conservative) who had to be different and proposed a mixed-technology model as a cheaper alternative.

Their model meant for most people they were going to get fiber-to-the-node ("FTTN"). This is the last-mile copper using VDSL1/2 (which only works over short distances) and otherwise fiber.

So for $50B+ each household would only be guaranteed 25Mbps. If this saved any money at all I'd be surprised. But that's what Australia has now. And not everyone gets 25Mbps. By network topology some people aren't within 1.2km of the fiber node.

DSL just shouldn't qualify as broadband (of acceptable speed) in 2021.

[1]: https://en.wikipedia.org/wiki/National_Broadband_Network
Honestly adding both isn't necessary. Just use Atom because RSS is an ill defined hodgepodge.

I work for a service that creates "RSS" feeds as a side effect of what we do and they've all be Atom for 10+ years with no issues.

Please let the RSS format die.
Looks like the customer would have to download the Edge driver from Microsoft, picking the right version (and supposedly update the drivers as Edge auto-updates).

That's a complete non-starter, compared to automating IE that just requires our .exe to create an IE object via CoCreateInstance(CLSID_InternetExplorerMedium ...), and no additional installation by the customer organization.
A lot of politics, whether you're talking electoral politics in a democratic nation or just the drama in an open source project, amounts to little more than factional signaling and the narcissism of small differences.

The political modus operandi of open source, to the extent that there is one, has generally been to opt out of existing structures and try to create new ones, rather than altering or dismantling existing ones.
You don't have do it because it might be useful somewhere else. There's definitely richness to the topic, and it attracts curiosity and answers questions at least some people thought were worth answering. It would be an anomaly if it never found some profound link with stone mainstream more applied field. All the same, when it does prove "useful" that will just be incidental. It won't be a pay-off or vindication or anything. (At least this is my half-baked mathematical philosophy, reasonably people may certainly differ.)
I don't see how being even a little racist is good in any way. I honestly feel like a lot of people don't realise what being subjected to racism is like in our present day.
Okay, so we implement smart contracts on USDT and we have the same.
If you want to know if/when Tether will crash, look at the NYAG settlement and the moment iFinex can no longer fulfill those transparency reports. [0] That'll be your canary in the mine.

[0] https://ag.ny.gov/press-release/2021/attorney-general-james-...
Although the fractional reserve requirement has been dropped to 0% recently.

https://www.eidebailly.com/insights/articles/2020/4/federal-...

So there goes that regulation. At least there's FDIC?
Do you have any links to documentation for automating FF?
Technically, you could withdraw your money for a profit from Bernie Madoff's company for a long time
that's just 3% in cash.

the fed requirement for reserves today is literally zero percent.

they are just an offshore bank, none of which have insurance and very different reserve requirements. Hold trilions of dollars.

Just clickbait articles farming eyeballs.
Coinbase and Binance are insured by FDIC as well.

https://www.investopedia.com/binance-vs-coinbase-5120852

> FDIC-insured USD balances

> Binance security features also include [...] Like Coinbase, all USD balances are insured up to $250,000 by the Federal Deposit Insurance Corporation (FDIC) and held in custodial bank accounts.
The main problem with Zhurong is they brought their orbiter along with them. Since they can only launch 6000kg to trans-martian orbit, packaging the rover and orbiter together limits your rover.

NASA launched its orbiters on separate missions, which means both the Orbiter and Rovers can be bigger without needing a ginormous launcher.
Has their Feb '21 paper been refuted? They claim a scaling advantage (in addition to a large speed advantage) over path integral Monte Carlo, which appears to be best in class for simulating their hardware. Do you know of a better algorithm?

Also, what do you mean by "allegedly"? Aren't the basics of their hardware pretty well-understood, or do you think they're sitting on a secret classical algorithm that's fooled external researchers (including Google) into believing that they've demonstrated multiqubit entanglement?
I have the same question. I didn't get the feeling that life was less meaningful out of it.

It has been a long time since I read it, but my basic understanding was that a lot of success is from luck and showed how that works. I remember clearly the math around investment managers being mostly lucky to have returns above the average yet they get a lot of praise and then their luck runs out. But there are still some that stay lucky for a long time.

If I was a successful investment manager I might question my success.
Pacman can roll back packages, and does let you stop certain packages from being upgraded. As you say, you could probably get away with doing it, if the package in question has "boring" (i.e. ABI stable) dependencies.
Should you have faith that your treasury bonds will be paid? I'd say so. I certainly have qualms with my government. But their ability to send out checks is not one of them.

Yes, the national debt is rising. Debt is being issued faster than it is being paid. So what? Are coupon payments being missed? Is there any reason to believe that the government will default?
The FDIC could not make the system solvent in the event everyone tried to redeem their funds. It can only keep up confidence to try to prevent people from all trying to redeem their funds.
After entering the email address, do you need to do the Github login to complete registration? I didn't get any confirmation email so I don't know if I'm actually registered for anything
Your statement regarding legal status of a drug and addiction is wrong. Alcohol and tobacco are legal drugs and you can not only evolve a dependency on them, but if your addicted you’ll be called an addict. The same is true for other legal drugs used as medication, e.g. benzodiazepines or opioids. If you’ve developed physical and/or psychological dependence on such a drug, you might suffer from withdrawal, which is not a different thing than discontinuation, but rather a special case thereof. Addiction and withdrawal compare to dependency and discontinuation like a hoarder compares to someone who relies on the service of a cleaning lady.
What a hater
You are not wrong, but you are making a false equivalence between Tether and banks.

Banks have fractional reserve because they take their customer funds and reinvest, make loans, etc. So they will never have one dollar in their vaults for every dollar they get deposited from their customers.

Tether is not doing any of that, they are just minting ~1.3 USDT for every USD they get deposited. What they are doing is criminal and should never be accepted as "just a known risk".
Manhattan was something of an outlier. Even in not so great in a lot of ways 1980s Manhattan, a lot of people moved to "the city." This was especially true in finance. (Contra my comment about classmates not living in Boston proper, many lived in Manhattan proper. Of course, one difference is that the jobs were actually in Manhattan. )

But NYC has always had a singular appeal. And there was long a certain snobbery(?) about living in Manhattan specifically.
The US debt clock does not say that the US does not pay its debts.
You're mentioning the end user's learned expectation to get videos for free.

But what about the creator's expectation to get paid for their hard-earned views, to then pay for the gear purchased and the production of the entire video, including team members?

If you're really anti ads, don't take the content for free, find another piece of content that answers your ad-free philosophy.
Well "libera" means free in Italian so it makes sense to me. There are also other projects with sound the same such as libre (spanish I guess) office.
I like it. But I'm biased being from Italy.
Tether will be to Mt. Gox what Little Boy was to a firecracker.
Cool!

We built something similar for on-premise data sources, in Clojure. https://basil.net
Electric cars: Special dyes could prevent unnecessary motor replacements
At least they're disclosing their stake, it's more honest that most people putting out hokum about crypto.
Tether’s General Counsel is an attorney who specializes in gambling law rather than securities or investment law which should tell you everything you need to know about Tether.
I've always had the impression that this type of retreats were more a trend or status signaling than anything else.
Has anyone used iOS browsers with adblocking built in?

How do Firefox and Brave compare to Adguard or 1BlockerX?

Any other browsers out there that do a better job?
Quick, invest in Beyond Meat! It’s the future of blockchain.
In the recent thread about this topic [1] people mentioned that USDC is also not fully backed by pure cash.

Assuming USDC has no funny business like tether seems to, how is this any different than companies like PayPal, which presumably also don't just have a bank account sitting with billions of dollars cash, backing all of their virtual cash?

1. https://news.ycombinator.com/item?id=27151370
What gets really fun is when you are in the blackout zone, but not in the TV zone.

I live about 50 miles from Seattle. 120 from Portland. My TV is Seattle-based.

Basketball games for the Portland Trail Blazers are unwatchable, even with League Pass, because I cheerfully get told the game is blacked out and to "watch on my local Portland channel".
USDC isn't backed by actual USD in a bank account somewhere either. (Largely because you can't just stick that much money in a bank account, and it wouldn't actually be close to 100% safe even if you could.)
That's a terrible argument in the financial world. Obviously this would be a Black Swan type of event like the 2009 financial crisis - there wouldn't necessarily be foreboding events or even the ability to predict when this would happen. What we can do is analyze the fundamentals, and that's what this guy is doing
I have no horse in this race (I don't even know what Atom is tbh; I'm inferring that it's some kind of refined subset and/or extension of the RSS spec), and I'd prefer my site to be accessible to as many readers as possible.
I used to feel this way. Then I started dating someone who, while otherwise reasonably successful and intelligent, had a house filled with incorrectly-assembled Ikea furniture.

I think some people just have a mental block when it comes to this type of activity. Imagining how two parts will fit together in the physical world or perceiving an order of operations to assembly, even if laid out in an easily parsed instruction booklet, just causes their brain to disengage for some reason.
Ethical hacking group worms its way into Fermilab – Physics World
I feel like unless there is an alternative and the labor pool is large enough companies are not incentivized to look at other ways of evaluating engineers.

I’m glad that there is a “shortage” of engineers. Likely this isn’t a problem that can be solved anytime soon. The past 2 decades were a brief time when FAANGs could provide a ton of benefits (both financial and non financial, such as eg dev tools) which attracted hordes of people to them. They successfully shaped the industry and now most tech firms are expected to provide great benefits. The number of startups and unicorns is large enough to stem the flood of engineers that they used to get before, and now they will be forced to use different strategies.
> Note how this is different than buying a company’s stock. People buy and sell stocks on a stock exchange, but the companies independently have money coming in (from their clients). The stock of a profitable company is a positive-sum ecosystem. If somehow no one wants to buy the stock, a profitable company will be happy to buy it back itself.

It's almost as if the author has no sense of irony:

1. A crash in most company's stock would lead to utter disaster as interest rates, future fundraising, and executive compensation are all closely tied to the share price.

2. Stock buyback have been enabled by lax policies and a Fed only too happy to bend over backward with QE.

3. Many companies have little to no "money coming in" on a net basis.

Tether is a time bomb, there's no other way to put it. But if you're going to raise the alarm there, you might as well be fair about it.
> The peg broke by 10% today for ONE HOUR and it caused pandemonium.

Where was this event recorded? Is there a USDT/USD chart somewhere?
The other problem he's circling around is how you remediate a worst-case scenario of theft, losing the keys, etc.

For the layperson there's not much they can do right now, but there is a lot of thought being put into the issue.
But that'll only be whitelisted for legacy corporate sites/apps that need it.

Anything new can safely ignore IE11, because Edge won't be using the IE11 engine for it.

This is great, because it'll get corporations to replace the actual IE11 executable with the Edge executable.
No, you don't need to – you should receive a confirmation email. Could you share your email with me? me @ leerob.io
RSS is not great but I abhorred atom with a passion back when I was working with feeds. It was a way overcomplicated xml mess. RSS is so much simpler to work with, you just have to deal with less than stellar documentation.
Not really, the entire function of central bank is that it can create money at will.
v2105 is nearly done and the top row angle is larger and it's definitely more comfortable. The version in the post kind of ended up that way due to testing from positions other than really at my desk with everything really set up.
We won't know exactly what kind of fraud it is until it crashes. It has many earmarks of being a Ponzi so it's reasonable to call it that.
What crime? I’ve got complaints about living in SF, but it’s basically crime-free from my experiences.
No, it's not a Ponzi scheme. A Ponzi scheme, "is a fraudulent investing scam promising high rates of return with little risk to investors. A Ponzi scheme is a fraudulent investing scam which generates returns for earlier investors with money taken from later investors. This is similar to a pyramid scheme in that both are based on using new investors' funds to pay the earlier backers." (https://www.investopedia.com/terms/p/ponzischeme.asp)

Modern finance is regulated. Schemes that aim to generate a return have to file a prospectus and must be audited and exposed to legal liability should they fail to follow the rules.
because people still just want google reader and this aint it
> all those billions of dollars of tech money and you cannot find a way to house and support artists.

Our problem is never that we don't have enough wealth, it's always that it's concentrated among a small percentage of the population, and a much larger percentage gets starved out entirely.

> New York billionaires have always found a way to support artistic endeavors. Case in point - Bloomberg, he personally donated a lot.

If we have to depend on the charity of billionaires, we've already lost the war.
Startup.com Stars Reflect on Life a Decade Later (2011)