Meta and Google are leading a nearly $1 million lobbying fight to oppose proposed online child safety bills.
These bills aim to enhance protections for children online, including measures to prevent exposure to harmful content.
MEV guys: "help! my money was stolen!"
Feds: "what happened?"
MEV guys: "so we were listening to the order flow of unsuspecting users to frontrun for a profit and take their money — but these other guys took our money first"
Feds: "they must be jailed with haste"
@rationalaussie Concerning this trend of increasing taxes on citizens while inflation strikes basics needs such as shelter and groceries.
The "inflation is transitional and goes in cycles" is a meme in this overspending global environment
Two more privacy developers arrested in the US today.
This time for building a bitcoin privacy service.
Where does it stop?
"The Samourai wallet developers should have known you can't host a centrally operated mixer."
Ok, well the tornado cash developers deployed privacy as immutable code - nothing centralized - they also got arrested.
Up to 25 years in prison for writing code that helps people keep transactions private.
The UN estimates banks facilitate nearly $2 trillion in money laundering each year - not through custodyless code - but as willing intermediaries.
Dozens of major banks have been fined billion of dollars for money laundering over the past decade.
How many bankers have you seen go to jail?
They are making an example of crypto because they don't want us to have private peer-to-peer transactions.
Not by passing laws in democratically elected chambers. Not by issuing public guidelines.
They just come to your house and take you away.
Who's safe from this regulatory terrorism.
And who's next?
zcash is a privacy preserving blockchain - aztec is a private layer 2 - how about them?
How about their investors and users?
Or the DeFi protocols that interact with them?
How about the at-home Ethereum validators who process their transactions?
Or the developers working on open source cryptography libraries?
There's really no way to know where they'll stop because they're not following actual laws.
This is regulation by arrest. They want to scare us.
Maybe we stop them from sending our privacy devs to jail in the courts. Maybe. Is that really what it's come to?
I'm so disillusioned by a justice depart that calls this justice.
There's too few of us to fight. No one's coming to come save the crypto bros. Because they yet don't know what's at stake.
If we lose the right to crypto privacy we lose the right to transact.
That's where this is headed.
I wish i had better news.
TikTok ban-or-divestment bill has passed.
Numerous politicians have bought $META beforehand.
In fact, Michael McCaul is the author of the bill, and he bought up to $600,000 before voting on it 03/26/2023.
Markwayne Mullin bought up to $50,000 of $META in January.
Mullin said the ban was “the right step forward”
JUST IN: The New York Stock Exchange is considering a proposal for 24/7 trading, according to FT.
In other words, the stock market would never close much like crypto markets are now.
Should 24/7 trading be approved?
Developers from Anza, Firedancer, Jito, and other core contributors are working diligently (and not sleeping much) to shore up Solana's networking stack to meet the unprecedented demand the network is seeing today.
There's been a lot of threads on what exactly is causing the extreme congestion – and many of those threads disagree with one another – but at a high level the issue is conceptually simple: the implementation of a software system is today not robust enough to handle the amount of traffic being thrown at it. That's now being fixed – but an obvious question is "How did we get here?"
This was, to some extent, a known bottleneck in the implementation of QUIC used on the Agave validator client, and was on the roadmap to be addressed. What was not expected was the rate at which demand for Solana would increase, flipping the implantation from 'adequate but needing improvement' to 'inadequate' in a matter of days. A charitable reading is a 'failure of success' which is otherwise known a 'failure of planing'
This is, put simply, tech debt. The tradeoff between new and important new work (like readying Solana to support its first independent validator client implementation, Firedancer, which includes near total rewrite of the networking stack, later this year) and important maintenance/improvement work. Every decision is a series of tradeoffs, sometimes you get it right, sometimes you get it wrong. This is not dissimilar from what the Solana network went through in early 2022 – when demand outstripped the capacity of several systems.
Core protocol developers from across the ecosystem are working as swiftly as they can to implement and test improvements in the networking stack to address the current network congestion. It will take some time, but we'll get there. This open source software project is nothing without the thousands of developers and millions of users who believe in the vision of Solana. We'll get there, together 🤝
"We kept getting these demands from Judge Alexandre to suspend accounts of sitting members of the parliament and major journalists. We could not tell them that this was at the behest of Alexandre, we had to pretend that it was due to our rules" 🇧🇷
一 Elon Musk
X Corp. has been forced by court decisions to block certain popular accounts in Brazil. We have informed those accounts that we have taken this action.
We do not know the reasons these blocking orders have been issued.
We do not know which posts are alleged to violate the law.
We are prohibited from saying which court or judge issued the order, or on what grounds.
We are prohibited from saying which accounts are impacted.
We are threatened with daily fines if we fail to comply.
We believe that such orders are not in accordance with the Marco Civil da Internet or the Brazilian Federal Constitution, and we challenge the orders legally where possible.
The people of Brazil, regardless of their political beliefs, are entitled to freedom of speech, due process, and transparency from their own authorities.
—--
A X Corp. foi forçada por decisões judiciais a bloquear determinadas contas populares no Brasil. Informamos a essas contas que tomamos tais medidas.
Não sabemos os motivos pelos quais essas ordens de bloqueio foram emitidas.
Não sabemos quais postagens supostamente violaram a lei.
Estamos proibidos de informar qual tribunal ou juiz emitiu a ordem, ou em qual contexto.
Estamos proibidos de informar quais contas foram afetadas.
Somos ameaçados com multas diárias se não cumprirmos a ordem.
Não acreditamos que tais ordens estejam de acordo com o Marco Civil da Internet ou com a Constituição Federal do Brasil e contestaremos legalmente as ordens no que for possível.
O povo brasileiro, independentemente de suas crenças políticas, têm direito à liberdade de expressão, ao devido processo legal e à transparência por parte de suas próprias autoridades.