A library of snippets
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In the frantic hours that followed, Husseini discovered the total stranger was now the legal owner of the brick Colonial worth about $525,000 that forms the center of her life with her husband and daughter.
From She had no idea her home could be stolen. Then she read her junk mail. – The Washington Post:
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The fraudster first stole her identity by intercepting her mail, by the simple process of taping up the house’s letterbox and affixing a fake letterbox to the front door.
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Bankers say they are investing in digital asset expertise for defensive reasons. They do not expect to ever set up operations trading in unregulated cryptos. They do envisage one day trading tokenised stocks and bonds approved by regulators.
From Bitcoin surge spurs City to recruit crypto natives | Financial Times.
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Australian company directors will now be required to register a digital ID with the federal government through the myGovID app.
The new government measure, called Director ID, is a unique 15-digit identifier that company directors will be required to set up as part of efforts by the federal government to minimise fraud and illegal activity.
From Australian company directors must now register for digital ID through myGovID | ZDNet.
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Propping up cash as a legacy payment system will impose unnecessary social and private costs that will likely end up forcing all consumers to pay more for goods and services. Instead, federal and state legislatures and regulators should aggressively move to adopt policies that allow for the continued innovation and growth of electronic payments as well clearing away counterproductive regulations that exacerbate problems of financial exclusion and handicap efforts to increase inclusion of traditionally excluded consumers and increase their access to a wider array of higher quality financial products.
From Cashed Out: How a Cashless Economy Impacts Disadvantaged Communities and Peoples | Cato Institute:
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AI will be the most futuristic impactful change in day-to-day life.
AI will be controlled mostly by major corporations, and we will all interact with the same AIs. In other words, the advanced version of things like Siri will do things like manage your calendar, help you with writing and making presentations, and overall be a major part of people’s lives. These will be tightly controlled by a small number of Big Tech companies, almost all of which will have pivoted to AI, which will be the most profitable part of their business. This is because AIs that operate on a high level in terms of conversation and human-like cognitive ability will cost dozens if not hundreds of millions in compute time and power to train and deploy due to scaling laws for training them, and you will interact with it as an oracle (e.g., hosted by some major company and you can query it for your app, to make your appointments, etc). White-collar workers, like tax attorneys, lawyers, and programmers, will suffer the most from this automation, whereas plumbers and yard workers will still be unaffected. The worst hit will be artists like writers, painters, poets, and musicians, who will have to deal with a total saturation of artistic content by AI.From Futurists have their heads in the clouds – by Erik Hoel – The Intrinsic Perspective:
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If you want to predict the future accurately, you should be an incrementalist and accept that human nature doesn’t change along most axes. Meaning that the future will look a lot like the past.
From Futurists have their heads in the clouds – by Erik Hoel – The Intrinsic Perspective:
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The branding campaign aims to “legitimise” the coin and increase the “confidence of the average consumer” to buy, according to the group’s head of marketing, who identified himself by the alias Sabre. “You get a lot of scam artists in this game,” he said.
From ‘Meme’ coin seeks to tap crypto craze with London ad barrage | Financial Times:
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Some NFTs that on their face do not appear to constitute VAs may fall under the VA definition if they are to be used for payment or investment purposes in practice,
From FATF releases finalized crypto guidance with clarifications on DeFi, NFTs:
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Prior to initiating an electronic credit or debit payment, a client using the service – called Account Validation – can verify the status of an account and authenticate its owner.
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Snippings