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NightJanitor

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Everything posted by NightJanitor

  1. Mmmmhmmm... I've read her actual comments, and, personally, I think she ought to be treating anything which derives its value from a promise of being able to be redeemed for something that it, itself, isn't... as a security. That's, I think, why the CFTC has taken point on the pure assets which have no counterparties; a la Japan and "crypto-assets".
  2. Yup. Be careful; that "one with the community" thing has downsides. No worries.
  3. I'm surprised it lasted as long as it did. I certainly hope they don't hand over a database of logins/emails/pm's to anyone... that'd be bad. The public content is on archive.
  4. Yup. I'm me, to some extent, by the stories that I can tell (and the way I tell them)... Now, if you want apodeictic certainty, you're not gonna get it. You can get close. But it's like the old lawschool joke about the guy who refuses on the stand to answer the first question, "What is your name?" --- "Well, your honor, my understanding is that hearsay is not an admissible form of evidence." Lawyer who asks gets thrown for a loop and looks to the Judge, who is ******: "What the hell do you mean, son; what do you mean it's hearsay?" "Well, I mean, my Mom told me she named me X and I admit she has called me by that name, for my whole life - but, you know, my Dad says you can't believe a thing she says..." [ETA: I'd insert a "too long" story here, about how when those "public record challenge questions" were introduced online, I'd apparently gotten a DMV employee who didn't give a **** - imagine that! - and coded my BLue car as BLack (BL vs BK - probably a dropdown) and what a nightmare that was... Got through most of them, once I finally figured out what had happened and began LYING ABOUT THE COLOR OF MY CAR, to pass the challenge Q's.]
  5. Well, I'm glad you enjoyed it and found it funny, well written, and entertaining, anyway. Here, since you can "take it", this video clip is only a mere 55 seconds long.
  6. What, too long? Not funny? What's your beef? I can take it. (Probably because I don't take much of this forum stuff too seriously...) This is not my first forum rodeo; most days I log in to the forum, here, just to see if what I figured was gonna be here is here, yet...
  7. History is a funny thing... A little story: Back in the days of Prosper, there was also a user forum. Now, Prosper, for those of you who might not know, was a p2p lending venture, and, in the very early days of it, there were those who were tearing apart the system, playing with this and that, trying to figure out how to model underwriting, etc, etc. But there were more than just lenders on the forum, after a while. Borrowers eventually found it, too. The borrowers would go to Prosper to put up a loan listing ("eBay for money" was the PR analogy, back then, and it was much more of a "GoFundMe" feel, with borrowers writing an essay and specifying why they needed the loan - or trying to signal that they were less of a risk, since a "rate-auction" mechanism was involved and lenders would compete with one another (like on eBay) to fund small chunks of loans by underbidding the rate of other lenders, if, for whatever reason, they felt that a particular borrower was less of a credit risk than their credit score indicated or than did other lenders - did they catch some detail that I missed? -ish thoughts)... So, anyway, back to the forum story. One day, a particularly "attractive" listing showed up on Prosper. The lenders in the forum discussed a lot of the listings (there were maybe a few loan requests per day, at that point, so, we were all trying to gain some kind of edge or figure out how we were going to scale up crazy underwriting insights like "the borrower's grammar is bad; I wonder if that correlates to default risk?" (it didn't, btw, and, also, I probably have a higher credit score than you, and I haven't even hit carriage return, a single time, yet, in this whole story, and these commas are breaking some rules - I just know it)... So, anyway, that "attractive" listing showed up. The grown-up lenders didn't particularly care that the borrower was a young lady, we were more interested in looking after our principal and focused on the fact that, in her loan description, it looked, if one read between the lines, that she might have very little, if any, income (and was fuzzy about, you know, having a job) and seemed to have a lot of debt, already - and, then, in the picture she provided, that she might have what could be (charitably) called "a shoe problem" (there she was, smiling, looking as-cute-as-she-could-muster, hoping to garner lender interest and get more bids/lower rate - but in the background of her apartment, which one could also see in the picture, there was a small red flag, in the form of what looked like the proceeds of what Michael Crichton would have titled The Great Shoe Store Robbery... I mean, some of them were still in very high-end shoestore bags and boxes - and the 10 or so purses that were in the room also looked rather familiar; hey, is that a real Gucci? Uh... Dude... That... looks like a Prada bag. And another one. And another one. How many trips to Barney's are we going to be funding once we lend this lady this $5k or whatever - and what are the odds she's not gonna walk? That kind of thing... Innocent, but funny... And the first time we'd run into this particular situation, as novice online micro-lenders. So, her loan listing ran, I think, a week or so... she was apparently unhappy that not many lenders were bidding on the listing or that her rate hadn't been bid down low enough (I dunno, maybe she actually intended to repay?)... So, she apparently did some googling and found the lender forum and arrived to make her case that she was an excellent credit risk, deserved a 0% loan, and was imminently trustworthy. Now, we didn't have any way to verify her ID - some of us actually thought one of the other lenders was just making fun and had showed up to pretend to be the shoe girl, who wanted $5k at like 1% over 3 years... and was prepared to argue us all down or convince us of this or that - so we had to start asking "How do we know that's your listing?" Prosper did KYC - but all of the data we, as lenders, were presented was anonymized (except for the picture, which was optional, anyway - most people chose an avatar or posted a picture of a pet or something, so, if lending (unsecured) money, online, to what appeared to be small cats or a terrier or a pug, who had a 600-620 credit score range and a debt-to-income of like 250% or whatever wasn't weird enough...... well... I digress, but you get the pic...) So, on the third day of all the lenders being skeptical that it was "really her" on the forum, she decided to remove all doubt. She posted a picture to the forum of a sports car, which previously had been unmentioned (and these were unsecured loans, anyway, so, it's not like it would be collateral) - and there was what appeared to be a small, female hand in the frame, held just in front of the camera in front of the car. Her post, with that "ID picture" said - I swear to God - "I put my hand in the picture to prove it's really me!" Anyway, that's straight where my mind went when Bob posted the picture of the shoe next to his head. For those of you wondering how it turned out, she never did provide any real proof; and I'm not sure if she got her loan funded; but like 6 months later, the name she'd given one of the lenders so that he could look her up happened to turn up in the news. She - and her mom, I think? - had been busted for some kind of identity theft ring in NY... So... I only skimmed whatever you guys are arguing about - but Bob knew the ID question was coming - and so did I - and I thought he handled it with grace - and so did those who eventually asked. He didn't post a picture of a car with the back of some dude's hand in the shot and go "See, it's me! How dare you question me!" - his TX was his proof - so... count yourselves lucky that the state of things has progressed...
  8. NightJanitor

    XRP TipBot Poll

    I'm of the "**** 'em - the haters are gonna complain about something, anyway" mindset, on that one, in specific. More generally, I'm tired of people being afraid of doing/enabling anything good (for fear that their 'motives' could be 'questioned') - trust me, they'll be questioned anyway - if not by random haters, then by sneaky competitors, so, might as well do the good/fun thing we wanted to do in the first place --- and be ready to defend against/ignore "numb-skulls." As for your second point, generally the "spam" / "likebait" issue, I think the economic incentives will even that out - given time... This is gonna play out in web monetization, in general, in the near future - and everyone's gonna have to figure out what they want to reward/promote versus what they think is BS and want to not pay for (or just simply ignore). May as well get on with it, I say.
  9. Thank you, thank you, thank you! Everyone should click that link. Somewhere in my old notes (and I am not an "insider", just been watching/thinking about this stuff for a number of years) is a line like "You're just trying to make things move better/faster - you're NOT saving the world." That little insight/note-to-self took a LOT of pressure off of me, personally, and I think it would go a long way in relieving some of the sort of "it's so big and complex I can't process it all, so, I'll just subscribe to handy-dandy conspiracy-theory I found online and pin all my hopes/fears onto someone else!" Thank you... (and Steve Martin!) You are doing GREAT Teaching!
  10. NightJanitor

    XRP TipBot Poll

    Initial reaction: "Hell, yes!" Then: "Don't want every second/third post blank, except with just a tipbot command, interrupting the flow of discourse." Then: "Maybe we need a dedicated button?" OR "Maybe the xrptipbot needs to be invoked / then reads posts / then triggers when tagged in any post, looking for syntax." Then: "This is ultimately up to the forum owner - and whomever else wants to implement..." So... some things to think about - but, would I tip people? Hell, yes. So, I'd really love to see. If the initial rollout is within a club, for testing, that'd probably be optimal way to start it out... All I can do is say that I would use it - and that I'd poke holes in it and report, as I went along. ("It's not tipping I believe in... It's over-tipping!")
  11. Haven't had energy to investigate, but I noticed this - or something around this - changing, as well, in the last 2-3 days.
  12. Charlie Munger just called and said: "Forget this blockchain/crypto/dlt stuff... Get me the name of whomever is selling the tech people all this swag!"
  13. The modularity is great. This is one of the things I am watching wrt Coil integrations, ie, that they're careful not to integrate too tightly into any particular usecase or platform (such that they can't sort of strip out the monetization DNA and then replicate it for splicing onto other usecases/platforms). To me, this is sort of the same thing, but for ILP. It's the same kind of thinking that I've seen from these guys many times; eg, Cobalt was sort of "let's split and 'modularize' processing/governance" - these are just "tricks", in abstract, but the design thinking around "let's break things down into their constituent components and/or into their constituent functions" really pays off beyond just sort of "optimization tricks" to make this or that thing/function "faster"; there's sort of a Lego feel to it all, where, when you've got all these cool parts that one can then use (and recombine in different ways) who knows what may evolve out of it in future? (Build it. Take it apart. Build it again, but better. --- Where have I heard that, most recently? Wietse Wind? Maybe!) Anyway, I dig it.
  14. Thoughts on non-Ripple developments which use XRP/XRPL? Personally, that's where the "fun" is, for me, in thinking about this stuff, last year or so... The rest of it's just a wait(-on-the-state(s)-)state... so I push out onto the edges of what's being developed, where I suspect there may be non-linear potential... just to keep myself entertained. At the moment, I'm watching ILP (what I think of as universal, but what you're calling v4) Ping Protocol get developed - and the picture I'm using is that the 0-value pings are sort of analogous to X-Rays in crystallography... (yeah, I usually go for the weird visual metaphors...) Anyway, back down to things I can write, instead of just visualize: Curious about your familiarity w/non-Ripple ecosystem around XRP (and/or ILP) --- what you think is fun / interesting / promising... esp given your role wrt STREAM... (Total honesty: "Whatcha got cookin'?")
  15. I would advise extreme caution. This appears to be a Venezuelan Maduro regime-controlled entity, likely the one which they intend to use to implement their "crypto tax" scheme on incoming remittances. I would not touch it for reasons of sanctions, even if I thought there was much chance that any citizen might receive any funds sent (or be able to use them or not become a target of the regime simply for receiving foreign remittances - et cetera, et cetera). Fair warning. This looks very, very dangerous, to me... and I won't be touching it.
  16. Maybe. But I think the explanation is more mundane than that. Last I heard, one could pad their resume with a Forbes.com by-line by just sending any old thing (you know, written up in high enough style to pass the non-expert/12-year-old-intern smell test) to opinion@forbes.com and waiting a few days for it to be published. Funny biz model. There's also this: https://www.wsj.com/articles/forbes-will-pay-all-of-its-contributors-but-purge-the-worst-1518611400 I rather doubt that's in response to "concerns about quality" and is instead about concerns regarding corporate liability. That kid in Kentucky - the one who smiled at the Native American - has put the fear of God into some of these rags. If they edit them, they've got to pay for professional editors, and if they don't, they might wind up paying out even more. They might need to do the unthinkable and just hire some (dare I say it) real journalists who know how to do research... That'd cost money, though - so... we'll see. Anyway, I can't wait until I can micro-pay real journalists who report 5W/1H. A bit ironic to see journalists attacking a technology which could eventually monetize them, again, and keep them paid.
  17. Forbes.com is a lot like the old Blogger.com, these days. Anyone can post. They just happen to have a brand name which the public does not know not to trust... yet. Mediocre academia seems to have discovered this several years ago, as I've seen a lot of junk/interdisciplinary articles littering the literary CV's of people whom I know know NOTHING of their own fields or, an even further stretch, about business, economics, or finance. But it seems to impress people who are easy to impress and its gets them on the tenure teat. That way, they can be a permanent drain on society AND poison the minds of the next generation, at the same time. So, it's a perfect acquisition for China - makes total sense... Anyway, it's a shame, because Malcolm was funny and Steve still cracks me up; I hate having to associate the Forbes name with such crap.
  18. BTC guy: “That being said, Bitcoin is a creature of the internet. Its properties are difficult for academics to appreciate due to its deeply interdisciplinary and evolutionary nature. This makes it difficult for developing a curriculum because of the siloed design of academic disciplines and the slow pace of the peer review process. The internet will always be the best place to pursue a Bitcoin education.” Translation: "I have a smartphone. You are too old to get it." Called it! He wants to teach the class (and is a cry-bully).
  19. Apropos of nothing, I once heard an obsessively details-focused guy described thusly: "He was the type of guy who, if he had been around at the creation of universe, would have stood around making faces at God for not consulting him on how best to do it."
  20. I'd give you the standard lecture on Filial Piety, but you don't seem all that interested. Careful, there's no airbag on your side of the car and I'm old and can't drive very well.
  21. So, look, he's a kid. His arguments are just wrong. But he's a kid. Now, I'm rather personally attuned to this "let's go cry to the administration; my teacher said something with which I don't agree" thing - and I don't like it, at all, because, to me, it signals a danger to rational inquiry. But, as I constantly remind myself, he's still just a kid. If he has these, I'll be polite, "ideas", then he should raise his hand and ask a question or approach his teacher, after class, like an adult, and ask for clarification or further reading. I'm positive Athey can address any of those points without so much as breaking a sweat. She's not there for her health and she's not there for the measly paycheck. Kids, please just ask. Now, if she shuts him down and won't answer, then she has no place in the classroom - but there's a line there, as well, as many of these kids want to lecture, before they know anything, these days, and maintaining classroom control and not letting the "activists" (for whatever reason) interrupt the education of all the other students is also a priority... Meta, this doesn't surprise me very much. The lower schools seem to be cranking out kids who haven't been exposed to critical thinking and just want their "ideas" reinforced. And if they aren't coddled... well, that's what they think Twitter was designed to handle, via the stirring up of a "faux outrage mob" that, they hope, will imperil the teacher's job... Tired of that. Grow up, get with the program. Ask your questions. Seek out your teacher. Get sources. Do the reading. Have better/more questions, after? Delighted teacher!
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