Snippings

xxx

Banks and credit unions, often at odds when it comes to legislation, are united in condemning the bill, saying it will only benefit big-box retailers and not small businesses.

A joint letter from a coalition made up of 51 state bankers associations and state credit union associations sent to Congress states that the proposed bill “will reduce the number of credit card issuers competing for consumers’ business, wring out the competitive differences among card products, decimate card rewards programs (such as airline miles) valued by American families and the tourism sector, and put the nation’s private-sector payments system under the micromanagement of the Federal Reserve Board.”

From Credit Card Rewards Would Be Collateral Damage in ‘Durbin 2.0’ Bill:

xxx

xxx

More than 17 years after Congress approved legislation mandating more consistent and secure federal identification, enforcement of the Real ID Act is finally slated to start on May 3, 2023.

After then, you’ll need a Real ID-approved driver’s license (or other approved identification, like a passport) to board a domestic flight and enter federal facilities.

From After This Date, You Won’t Be Able to Fly Without a Real ID – CNET.

xxx

xxx

Cryptocurrency exchange Crypto.com mistakenly deposited $10.5 million directly into a woman’s bank account when the platform only intended to give her a $100 refund.

Crypto.com has since taken legal action against both sisters, and the luxury home has been ordered to be sold, although other legal proceedings regarding the situation are scheduled to resume in October, the report says.

From Crypto.com mistakenly sends woman $10 million —she went and bought a mansion. – MarketWatch.

xxx

xxx

Amazon Prime Video quietly introduced a new 72-hour delay for all user reviews posted to Prime Video, a representative for the streamer confirmed to Variety. Each critique is then evaluated to determine whether it’s genuine or a forgery created by a bot, troll or other breed of digital goblin

From Rings of Power: User Reviews Delayed on Amazon in Initiative to Filter Trolls – Variety:

xxx

xxx

Sharply fewer U.S. adults report they use cash for making purchases now than say they were doing so five years ago. Thirteen percent say they make “all” or “most” of their purchases with cash, while 28% say they were using cash to the same extent five years ago. Six in 10 now say they make “only a few” or no purchases with cash today, nearly double the 32% saying they did so five years ago.

From Americans Using Cash Less Often; Foresee Cashless Society:

xxx

xxx

Popular science coined the severing internesia: the growing tendency to forget exactly where in cyberspace you saw a particular piece of information. Internesia is an online forgetfulness appeased by high offline tolerance.

From Internesia: The Techno-Persuasion To Forget – NO FUN:

Hold on. “Popular science” did not coin this term, I did.

xxx

Jargon Scout is an irregular TBTF feature that aims to give you advance warning — preferably before Wired Magazine picks it up — of jargon that is just about ready to hatch into the Net’s language. The feature first appeared in TBTF for 1996-02-27 [7]. Dave Birch dropped a useful term, immediately recognizable by even tyro Net surfers, on the e$ mailing list:

> Internesia — the growing tendency to forget exactly where in Cyberspace
> you saw a particular bit of information.

From Tasty Bits from the Technology Front: TBTF for 1996-07-21: Internesia:

xxx

xxx

n the fourteenth century, a queen known as Rehendi Khadijah ruled the islands of the Maldives with epic command. One of the earliest women leaders of an Islamic nation, she derived power from both the sultanate and Islam, even as she declined to cover her head — not to mention other parts. She led the kingdom for a third of the century despite two attempts, both by husbands, to depose her. Neither man survived the effort.

All the more remarkable was the Maldivian queen’s role in the dawn of international trade. The chain of atolls, coral reefs, and lowlying islands 600 miles off the tip of India was the center of production for the first global money.

From How Money Was Born: The Small Seashell and the Fierce Maldivian Queen That Made the Modern World – The Marginalian:

xxx

xxx

By the nineteenth century, money cowries had grown so popular in West Africa that they were used to purchase a third of the human being enslaved and abducted to the Americas.

From How Money Was Born: The Small Seashell and the Fierce Maldivian Queen That Made the Modern World – The Marginalian:

xxx

xxx

No surprise then, that 87% think a government framework to help regulate this area of online life is a good idea, with 72% also backing the plans to have verified digital IDs in order to improve safety and streamline the process.

From UK public supports plans to create the UK Digital Identity:

xxx

xxx

With no cash flows or self-evident fundamental value, it’s unclear why cryptocurrencies should correlate with other asset classes.

From The end of the crypto-diversification myth | CEPR:

But they do, of course.