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Joined 3 years ago
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Cake day: June 14th, 2023

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  • I heard the big banks were trying something similar shortly before the '08 crash. And the Enron/Worldcomm crew right before 9/11.

    Certainly possible they’ve got an exit strategy lined up. But the problem is that they’re always just a little too greedy and too high on their own supply. During the '14 mini-recession, reinflating the bubble economy was a bipartisan goal. After the '20 COVID crash, there was broad consensus in cranking open the money hose and flooding the economy with cheap cash. '08, '14, and '20 set a big historical precedent for the “We’ll never let you fail” policies of the federal government. And so we’ve diluted a lot of the short term pain of economic contraction into the longer term pains of currency inflation.

    The enormous devastation to real physical capital all across these Mid-Eastern theocracies, combined with the socio-economic pressures of Climate Change induced heat waves, can and will push certain regions of the globe to a breaking point. At some point, you just don’t have anything to spend all those excess dollars on.







  • I don’t begrudge rich people going to rich people prison, because the point of prison is to remove dangerous people from society not to torture them in a cage. I do begrudge poor people going to poor people prison, because it seems as though these prisons exist as a means of extracting cheap labor from poor and PoC populations. Or outright abusing them - mentally, physically, and sexually - because this kind of brutality generates political rewards.






  • It is entirely true that all models from all manufacturers are compromised by spy agencies.

    I think there’s a little bit of space between “spy agencies employ systems professionals that know the guts of a component’s security and tricks to bypass it” and “every device firmware has a double super secret protocol for sidestepping all of its security features”.

    However the worst offender by far is Cisco even though they’re “American”.

    Sure. I’m willing to believe that Cisco, specifically, has relationships with the Five Eyes network such that they make monitoring their traffic easier. Even then, there’s limits. One thing to say techniques exist to bypass security. Another entirely to know what those techniques are and whether they’re practical for application at universal scale.

    One of the more chronic problems that big spy agencies have is sifting through all the spam and bullshit and empty chatter. Decryption takes time. And you can’t monitor everything, everywhere, all at once. The bigger sins of Cisco are in how they expedite access on behalf of their agency partners, not that they fail to produce perfectly hack-proof hardware.