How We Learned to Love “Free” Markets

Rebecca Spang

If Soll missed a trick by not showcasing the tokens issued by Smith’s hometown of Kirkcaldy in the 1790s—with legends reading “the penny of Scotland” and “wealth of nations,” they were stamped with Smith on one side and various tools, including a prominent plow, on the reverse—he is hardly the first historian of economic ideas to ignore numismatic evidence.

From How We Learned to Love “Free” Markets:

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Not just Twitter. LinkedIn has fake account problem it’s trying to fix

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Anyone who depends on LinkedIn to search for jobs, find business partners or other opportunities is probably aware that the business social media site has had issues with fake profiles. While that is no different than other social media platforms including Twitter and Facebook, it presents a different set of problems for users who look to use LinkedIn for professional purposes.

From Not just Twitter. LinkedIn has fake account problem it’s trying to fix:

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Tools for detection do exist, but using them is not an exact science. “Verifying the identity of a user when creating an account would be another effective way to make it more difficult to set up fake accounts, but such identity proofing would have an impact in terms of cost and user experience,

From Not just Twitter. LinkedIn has fake account problem it’s trying to fix:

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How Ethereum Is Shaping Global Identity

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To disrupt traditional login verification, in 2021, ENS Labs and the non-profit Ethereum Foundation sponsored an initiative called Sign-in With Ethereum. Their mission is to offer an open source alternative to Facebook, Apple and Google logins. Therefore, wherever users see the option to Sign-in with Ethereum, you’ll also be granted the ability to seamlessly use your ENS .eth name, and maintain self-sovereign rights over your identity as you visit all supporting apps.

Sign-in with Ethereum is an open source standard created by Gregory Rocco and Wayne Chang. In 2022, they raised a $34 million Series A round led by Andreessen Horowitz to scale Spruce — an independent company dedicated to facilitating the adoption of the Sign-in With Ethereum standard.

From How Ethereum Is Shaping Global Identity:

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Euler Finance Loses $199 Million in Flash Loan Attack | Elliptic Connect

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Crypto lending protocol Euler Finance suffered a loss of $199 million this morning, following a flash-loan attack. This figure is based on Elliptic’s analysis of on-chain transactions.

The proceeds of the attack are already being laundered through Tornado Cash, a decentralised mixer that has been sanctioned by the US government.

From Euler Finance Loses $199 Million in Flash Loan Attack | Elliptic Connect.

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Hedera confirms exploit on mainnet led to theft of service tokens

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Hedera, the team behind distributed ledger Hedera Hashgraph, has confirmed a smart contract exploit on the Hedera Mainnet that has led to the theft of several liquidity pool tokens.

Hedera said the attacker targeted liquidity pool tokens on decentralized exchanges (DEXs) that derived its code from Uniswap v2 on Ethereum, which was ported over for use on the Hedera Token Service.

From Hedera confirms exploit on mainnet led to theft of service tokens:

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AI’s Powers of Political Persuasion

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Researchers at Stanford University’s Polarization and Social Change Lab and the Institute for Human-Centered Artificial Intelligence (HAI) wanted to probe the boundaries of AI’s political persuasiveness by testing its ability to sway real humans on some of the hottest social issues of the day — an assault weapon ban, the carbon tax, and paid parental leave, among others.

“AI fared quite well. Indeed, AI-generated persuasive appeals were as effective as ones written by humans in persuading human audiences on several political issues,” said Hui “Max” Bai, a postdoctoral researcher in the Polarization and Social Change Lab and first author on a new paper about the experiment in pre-print.

From AI’s Powers of Political Persuasion:

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Firm calling itself world’s first ‘robot lawyer’ sued in court over authority to practice law – Local News Matters

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In a lawsuit filed against DoNotPay Inc. in San Francisco Superior Court on Tuesday, Jonathan Faridian of Yolo County seeks damages for alleged violations of California’s unfair competition law, alleging that he would not have subscribed if he knew that the “World’s First Robot Lawyer,” as the company calls itself, was not actually a lawyer.

From Firm calling itself world’s first ‘robot lawyer’ sued in court over authority to practice law – Local News Matters:

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WhatsApp would not remove end-to-end encryption for UK law, says chief | WhatsApp | The Guardian

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WhatsApp would refuse to comply with requirements in the online safety bill that attempted to outlaw end-to-end encryption, the chat app’s boss has said, casting the future of the service in the UK in doubt.

Speaking during a UK visit in which he will meet legislators to discuss the government’s flagship internet regulation, Will Cathcart, Meta’s head of WhatsApp, described the bill as the most concerning piece of legislation currently being discussed in the western world.

The UK government already has the power to demand the removal of encryption thanks to the 2016 investigatory powers act, but WhatsApp has never received a legal demand to do so, Cathcart said. The online safety bill is a concerning expansion of that power, because of the “grey area” in the legislation.

Under the bill, the government or Ofcom could require WhatsApp to apply content moderation policies that would be impossible to comply with without removing end-to-end encryption.

From WhatsApp would not remove end-to-end encryption for UK law, says chief | WhatsApp | The Guardian:

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POST Park and Pay

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Caroline Abrahams, charity director at Age UK, said: “It’s important that everyone can park near services, appointment venues and amenities, but the fact is that not all older people have a smartphone or a credit card, nor the ability to easily use automated services on a landline, so the parking opportunities for anyone in this position are increasingly limited.

From Scrapping traditional pay and display parking meters will isolate elderly and disabled people, critics say:

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I have to say I rather agree with Councillor Nicholas Bennett, who is the transport, highways and road safety wallah in Bromley. He observed that parts of the borough had been without “pay and display” machines for years without a problem and said that “As a pensioner myself I appreciate that some people have a problem with modern technology however we are talking about people who drive a ton and a half of steel which requires more skill than downloading an app.”

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Britian’s biggest parking app RingGo has up to 515,000 users currently but there are many other apps including ParkMe, Parkopedia, Just Park and PayByPhone which are needed across the country.

Brighton and Hove city council will scrap all of its pay and display machines by May 31 citing that changing machines to 4G would require a large budget. It admitted the move could cause ‘digital exclusion’.

From Pay-as-you-go parking machines set to be removed from city streets leaving motorists using 30 apps | Daily Mail Online:

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There’s no obvious why in the not-too-distant future your car and the council cannot just sort it out between themselves without 

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