Hi, it’s Al Franken.
I don’t usually send messages like this, so I’m hoping you’ll read to the end for a GREAT story.
Before that, though, I want to tell you about Peggy Flanagan.
She is unbelievably great and she’s running to keep Minnesota’s Senate seat blue.
Her end-of-month fundraising deadline is tonight so I’ll get to the point: Please donate now.
Bloody Sunday: Government spent over £4m on Soldier F case
https://share.google/lI7OO5pkDz9xpi6eG
The British gov. has now spent 4M and 53 years defending a self-confessed killer for an atrocity it paid for, which it investigated and publicly announced as unjustified and unjustifiable.
…
French government agency fined nearly $6 million for data security failings https://therecord.media/france-travail-fined-cnil
Court filings: Mark Zuckerberg approved allowing minors to access AI chatbot companions that safety staffers warned were capable of sexual interactions (Jeff Horwitz/Reuters)
https://www.reuters.com/legal/government/m
Despite much opinion to the contrary, the government money we use is crappy.
I'm at bitfest in Manchester to find out if Bitcoin could be a better money.
It could hardly be worse.
The mood is still good, people are joking about recent devaluation rather than crying. Those who aren't all in are trying to buy more at the discount.
After an introduction by Mad Bitcoins, Joe Bryan explains the problem with government money.
He imagines an island on which two types of money are tried, with a dividing wall between them.
When economic problems hit, government can just print more money on the fiat side. Everyone now using money which is worth less. Distorting prices, inflating asset prices, making the rich (who hold assets) richer and the poor (who have to pay inflated prices) poorer. Driving wealth inequality.
On the hard money side, government must tax properly. Take in more from the rich rather than inflating to take it from the poor. Reducing wealth inequality.
On the government money side, the wealthy monitize houses, stocks, resources. Saving in money is impossible, its inflated away. So they save in assets and hording resources. Capital is misallocated. The youth can't afford houses. Poverty traps are caused. The only way out is printing more for benefits. Making it all worse. More economic crises, more printing. More government debt.
Eventually, the wall is broken. Government money people can save in the hard money instead. It reduces the value of government money further. More printing. More inflation.
Eventually, war. Funded by printed money.
The dollar is the best of a bad bunch all other government money is falling in value even faster.
I wonder, is bitcoin really this better money though? It's limited, hard, and can't be printed without energy investment.
I'm still unsure that fixing money fixes the world.
--
Note: "crypto" is mostly more like government money than bitcoin. It can be printed indefinitely by it's makers, does not cost it's makers to print. Crypto is usually just a scam people to get more bitcoin. Bitcoin is not crypto.
#bitfest #bitcoin
Grand Jury Charges Four Members of Anti-Government Group with Terrorism Felonies Stemming from New Year's Eve Bombing Plot (US Department of Justice)
https://www.justice.gov/usao-cdca/pr/grand-jury-charges-four-members-anti-government-group-terrorism-felonies-stemming-new
http://www.memeorandum.com/251224/p62#a251224p62
Trump's government committed 340 million felonies. Will he & Elmo be held accountable?
Watch below.
Original post: https://bsky.app/profile/did:plc:v57dxvrmaxyprrwdixuva7ux/post/3mdg4eh5ezc2g
An excellent summary here via @… about how the structures of our civil society have failed to stop ICE from becoming Trump’s Brownshirts.
The one thing the piece omits: someone •is• stopping ICE. It’s the citizens filling the streets, honking and shouting and filming and generally harassing ICE, doing the work our government has failed to do. If it were not for that response being so widespread, sustained, and forceful, we’d be in far worse place right now. https://mastodon.social/@AnnaAnthro/115616389777857234
A college freshman trying to fly from Boston to Texas to surprise her family for Thanksgiving
was instead deported to Honduras
in violation of a court order, according to her attorney.
Any Lucia Lopez Belloza, 19,
had already passed through security at Boston Logan International Airport on Nov. 20
when she was told there was an issue with her boarding pass,
said attorney Todd Pomerleau.
The Babson College student was then detained by immigration off…
AI Whistleblower Initiative says OpenAI recently updated its whistleblower policy, addressing 8 of 13 recommendations and going further than Anthropic's policy (Rocket Drew/The Information)
https://www.theinformation.com/articles/openai-one-ups-a…