Li Qiaochu, a human rights activist detained for nearly three years in China, has gone on trial in Shandong province charged with “inciting subversion of state power”....
Reporters visited booths of Worldcoin, a global blockchain project championed by OpenAI CEO Sam Altman, in Nairobi, Bengaluru, and Hong Kong to get a better sense of who was signing up for the service and why. In all three cities, the surge of interest for registering their biometrics to the blockchain was driven primarily by...
The ministry of the interior has launched an investigation into Worldcoin and called on security services and data protection agencies to establish its authenticity and legality.
I am asking because post https://beehaw.org/post/901466 has obviously been removed by the mod, at least that what I can read in below the headline. But why?
Thanks for this, although I don't understand. This was a report based on an interview with a CEO. It was his opinion (not mine). Practically everything what someone says is an opinion, so I feel with such a reason you could remove almost everything in News. But thanks again for your prompt reply.
I indeed have different opinion on that and could imagine that people from Africa and other less developed world regions would share my view. But I won't elaborate as I don't want that to make that a big issue. So for me this is solved. Thanks again.
Chris Maurice, founder and CEO of Yellow Card, Africa’s largest cryptocurrency exchange, says crypto in Africa “is growing at the speed of light” because it allows many Africans to escape from the traditional financial system’s failures and transact more freely.
Complementary currencies have been in place for thousands of years in human history, and it was largely for the benefit of the societies and their individuals, for crisis development, transitional economies and/or commons-based communities.
Blockchain is a great tool for this kind of money. Saying something like the whole of the crypto world is a scam is a gross generalization that has nothing to do with reality, as much as fiat money isn't a scam because of the corruption, scandals and crises we have been experiencing in the fiat system.
If you want to bribe a person or something, then the least thing you need is a decentralized network like a blockchain where all the data is stored across the network on all nodes. Crypto "enables corruption on a scale unseen before" ?THIS is BS.
When I joined this website, I remembered that my favorite cross stitch pattern artist Studio Ansitru had a bee haw pattern, so I had to stitch it. And now it is done.
A new report by the Dutch Centre for Research on Multinational Corporations says that the US shopping platform Amazon has been so dominant that independent retailers who wish to sell online cannot avoid it. This allows Amazon to get away with extracting monopoly rent from them, pushing them into acquiring extra services, and...
That's probably the most important single piece of advice for every new company (and arguably the only one that's always true). Your accountant will not only know the issues you're facing in the beginning of your business but also the ones you'll face as your business grows.
"With a contraction in bank liquidity and lending and an increased radar for bank stress testing from regulators due to the recent turmoil, banks with the highest [Commercial Real Estate] concentrations could see a pull-back on their lending books to allow their debt to roll off," writes Trepp, an analyst specialising in...
everyone will be better off when the banking systems collapse
I think no one would be better off if the banking systems collapse. We needed some reforms, including the fractional reserve system (I'd celebrate the comeback of the gold standard, for example), but no disaster, please.
giving power of currency to a very few people is bad for everyone.
Absolutely, I really couldn't agree more. In my humble opinion, however, it's not the power of currency to a very few people but rather the power of the only currency to a very few people which is bad.
This is why I'd say -once again- we need complementary currencies. Each of them will have its own drawbacks, but with a universe comprising fiat money and many alternatives at the local, national and maybe even global level for different use cases we'd be all better off imho.
Fiat means decree, and fiat money is a currency that is decreed and backed by the government that issues it, meaning it is not backed by a commodity, such as gold or silver. This kind of currency has a short history as it arrived only in the 20th century (the only exemption were a few years in the 1860s in the US during the civil war, but that aside, fiat money was unknown in human history before 1913/14).
It has its name by the absence of this backing, but it has nothing to do with a threat to end one's life or a cage or something.
Even the Roman money -although it was issued by a central authority- was backed by gold, silver, bronze and other commodities, at least partially (inflationary debasement of coins became an important feature over the centuries).
But, yes, to a high degree this is hairsplitting, and you may agree that comparing currency systems of different historical epochs doesn't make sense as their economies and societies are too different for such a rough comparison.
What I say is that our current fiat currency system -the one we have since 1971- is unique in that it is largely created by banks themselves: The money volume created by the fractional reserve system is much larger than the volume printed by the central bank (~ ten times). This is unique in history to the best of my knowledge, l don't know of a similar example. And imo it is a huge part of the current financial problems we have been facing for some time, including the problems described in the linked article.
The news that evolution would be cut from the curriculum for students aged 15–16 was widely reported last month, when thousands of people signed a petition in protest. But official guidance has revealed that a chapter on the periodic table will be cut, too, along with other foundational topics such as sources of energy and...
China seeks exemption from U.S. sanctions on Russian LNG plant (www.reuters.com)
Cross-posted from: beehaw.org/post/10502654
China rights activist goes on trial for ‘inciting subversion of state power’ (www.theguardian.com)
Li Qiaochu, a human rights activist detained for nearly three years in China, has gone on trial in Shandong province charged with “inciting subversion of state power”....
Israel-Palestine: injured patients ‘waiting to die’ in northern Gaza as last hospital shuts down, amid rising 'catastrophic' hunger levels, UN says (news.un.org)
Putin ‘has Trump’s number’ and still sees him ‘as an asset’, says Fiona Hill (www.theguardian.com)
U.S. and Europe eye Russian assets to aid Ukraine as funding dries up (www.spokesman.com)
After bumpy recovery, China’s economy faces serious headwinds in 2024 amid deep-seated structural issues (www.aljazeera.com)
Why are people lining up for Worldcoin eyeball scans? “Easy $50” (restofworld.org)
Reporters visited booths of Worldcoin, a global blockchain project championed by OpenAI CEO Sam Altman, in Nairobi, Bengaluru, and Hong Kong to get a better sense of who was signing up for the service and why. In all three cities, the surge of interest for registering their biometrics to the blockchain was driven primarily by...
Child Care Cliff: 3.2 Million Children Likely to Lose Spots with End of Federal Funds on September 30, the Century Foundation warns (tcf.org)
When (and why) are posts removed?
I am asking because post https://beehaw.org/post/901466 has obviously been removed by the mod, at least that what I can read in below the headline. But why?
EFF: Data Sanctuary for Trans People (web.archive.org)
Crypto offers Africans a ‘lifeline’ from inflation and corruption, say execs (web.archive.org)
Chris Maurice, founder and CEO of Yellow Card, Africa’s largest cryptocurrency exchange, says crypto in Africa “is growing at the speed of light” because it allows many Africans to escape from the traditional financial system’s failures and transact more freely.
I couldn't help myself (i.imgur.com)
When I joined this website, I remembered that my favorite cross stitch pattern artist Studio Ansitru had a bee haw pattern, so I had to stitch it. And now it is done.
"No friend of the small business": Investigation calls lawmakers to end Amazon's "monopoly" in European online shopping (web.archive.org)
A new report by the Dutch Centre for Research on Multinational Corporations says that the US shopping platform Amazon has been so dominant that independent retailers who wish to sell online cannot avoid it. This allows Amazon to get away with extracting monopoly rent from them, pushing them into acquiring extra services, and...
Looking for advice concerning e-commerce accounting
My brother and I are speculating on a start-up in which we have almost all the bases covered....
[Online Conference] June 15-17, 2023: "Money as a Democratic Medium 2.0" (justmoney.org)
To whom it may concern.
US banks may be forced to sell commercial mortgages and reduce commercial lending in coming years due to high concentration risk, analysis claims (web.archive.org)
"With a contraction in bank liquidity and lending and an increased radar for bank stress testing from regulators due to the recent turmoil, banks with the highest [Commercial Real Estate] concentrations could see a pull-back on their lending books to allow their debt to roll off," writes Trepp, an analyst specialising in...
India cuts periodic table and evolution from school textbooks — experts are baffled (web.archive.org)
The news that evolution would be cut from the curriculum for students aged 15–16 was widely reported last month, when thousands of people signed a petition in protest. But official guidance has revealed that a chapter on the periodic table will be cut, too, along with other foundational topics such as sources of energy and...