7 Matching Annotations
- Mar 2023
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www.nytimes.com www.nytimes.com
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Another way to widen the pool of stakeholders is for government regulators to get into the game, indirectly representing the will of a larger electorate through their interventions.
This is certainly "a way", but history has shown, particularly in the United States, that government regulation is unlikely to get involved at all until it's far too late, if at all. Typically they're only regulating not only after maturity, but only when massive failure may cause issues for the wealthy and then the "regulation" is to bail them out.
Suggesting this here is so pie-in-the sky that it only creates a false hope (hope washing?) for the powerless. Is this sort of hope washing a recurring part of
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- Aug 2022
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www.dasp.co www.dasp.co
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Denial of Service
SC can be taken offline forever. gas limit breach.
An attacker sees a potential attack and calls the function, directing all the contract's funds to its admins. This destroys the promise of escrow and blocks all the pending bid
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- Jul 2022
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Local file Local file
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Speculation, herd exuberance, irrational optimism, rent-seekingand the temptation o f fraud drive asset markets to overshoot andplunge - which is why they need careful regulation, something Ialways supported. (M arkets in goods and services need lessregulation.)
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- Oct 2021
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www.theatlantic.com www.theatlantic.com
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When the most powerful company in the world possesses an instrument for manipulating billions of people—an instrument that only it can control, and that its own employees say is badly broken and dangerous—we should take notice.
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- Oct 2020
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medium.com medium.com
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But the scariest outcome of the centralization of information in the age of social networks is something else: It is making us all much less powerful in relation to governments and corporations.
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www.theatlantic.com www.theatlantic.com
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If private-equity firms cannot be socially responsible stewards of capital, then Congress will need to act. One possible reform would involve fully taxing the advisory and other fees that private-equity investors extract from the companies they own. Another potential reform would impose restrictions on dividends paid out in the two years following a buyout. Since the current system allows private-equity firms to reap much of the positive gains from successful acquisitions, they could also be required to bear some of the liability for a company’s debt when the buyout ends in bankruptcy.
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- May 2020
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buttondown.email buttondown.email
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the Wholesome Meat Act (I kid you not) of 1967 creates three parallel meat streams depending on the inspection in place at the slaughterhouse. Giant meat packers, who have full USDA inspection, can sell their products (and any ancillary pathogens) anywhere in the country. Smaller state-inspected facilities can sell only within their home state. And the smallest slaughterhouses can sell only to people who bought a share in the animal while it was still alive. Meat inspection is a cracking example of the capture of regulatory authority by the largest players, and it is by no means unique to the US. And according the The Counter, the bigger processing plants are getting more favourable treatment even during the Covid-19 emergency.
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