Yeah, investing in a company is investing in the whole company and all of its projects. Lies about your company are only fraud when the lies rise to the level of making a material difference to how a typical investor would value that company. If the lies are about a very minor percentage of revenue or profit, then it’s not gonna rise to the level of securities fraud.
The actual data compromise happened sometime before July 2022, months before Elon’s purchase of Twitter happened. Telling people they shouldn’t have registered their real phone numbers to Twitter in 2015 or whatever isn’t really a helpful argument to make today.
Nearly half of U.S. adults
Half of LLM users (49%)
No, about a quarter of U.S. adults believe LLMs are smarter than they are. Only about half of adults are LLM users, and only about half of those users think that.
Actually for federal sentencing, property destruction is punished under the same table as theft. It’s mostly measured from the amount of loss to the victims, whether the person actually profited from it or not.
“Up to 10 years” is the maximum possible for that type of crime. Actual sentencing guidelines for a $500k loss for a first time offender will probably come out to about 2, maybe 3 years.
In order for the recommended sentence to hit 10 years, we’d have to be talking about damage of over $550 million, or something like a long criminal history.
Substantial disruption of critical infrastructure would get someone to around 5 years, as a reference.
People generally aren’t sentenced to the maximum penalty for a crime, so it’s not very useful to compare the maximum potential sentence for a charged crime versus the actual sentence received after conviction on another crime. The Indianapolis hit and run carried potential penalties of more than 15 years. This DVD guy will probably get less than 5.
In the U.S., they meter gas by the “therm,” which is defined as 100,000 BTUs. It’s a misconception that it’s equal to 100 cubic feet of natural gas at standard temperature and pressure, and is merely a coincidence that those values are very close.
BTUs are like a shitty imperial calorie, the energy it takes to heat up one pound of water by one degree fahrenheit.
Also, don’t confuse therms for thermies, a totally different unit that means the amount of energy required to heat up a tonne (1000 kg) (not to be confused with the imperial ton that is 2000 pounds) of water by 1°C.
Energy is so useful in so many different contexts that we can just always expect a million ways to express it.
It’s pretty common to use acre inches and acre foot as a unit of volume for measuring water in agriculture, water use, flood mitigation, etc.
So if we can use area height as a volumetric unit, by not volume/area as a height unit?
Unless you’re converting seconds to minutes, hours, days, years, etc.
Then you get things like watt hours. Or light years.
The mass exodus from the Facebook platform has already happened. The others are in progress.
It’s already happened to Facebook. And it’s happening to Twitter. And Reddit. This stuff takes time, but the character and feel of each service has shifted considerably.
At the same time, if a bank goes under, that means they owe more than they own, so “ownership” of that entity is basically worthless. In those cases, a bailout of the customers does nothing for the owners, because the owners still get wiped out.
The GM bailout in 2009 also involved wiping out all the shareholders, the government taking ownership of the new company, and the government spinning off the newly issued stock.
AIG required the company basically issue new stock to dilute owners down to 20% of the company, while the government owned the other 80%, and the government made a big profit when they exited that transaction and sold the stock off to the public.
So it’s not super unusual. Government can take ownership of companies as a condition of a bailout. What we generally don’t necessarily want is the government owning a company long term, because there’s some conflict of interest between its role as regulator and its interest as a shareholder.
there was a $10k bounty,
$60k. $10k from NYPD and $50k from the FBI.
Figuring out grid scale storage isn’t easy, but the good thing about it is that you can figure out storage at slightly smaller scales to alleviate the problem somewhat, and build on that success to try to get to daily storage to meet nighttime demand, then up to weekly storage to handle fluctuations in weather, and maybe even seasonal storage to deal with seasonal variation in both supply and demand.
But storage doesn’t have to just be chemical batteries, either. Some can be demand shifting, like desalination or water pumping based on excess power supply. Maybe even intermittently powering direct air capture of CO2 if there’s so much excess energy they don’t know what to do with it. Some can be storage of heat, whether really hot like molten salt that can run turbines for dispatchable electricity, or just at the residential scale with a bunch of distributed hot water tanks, or everything in between. There are also some storage technologies relying on gravity (pumped hydro if the geography supports it), compressed air, flywheels (could be important for maintaining grid inertia for stability).
And there’s always curtailment, where you just don’t generate the power, and turn off some the panels in the middle of the day.
Contracts can be modified by the bankruptcy code.
In 11 U.S.C. § 365(f)(1):
Except as provided in subsections (b) and © of this section, notwithstanding a provision in an executory contract or unexpired lease of the debtor, or in applicable law, that prohibits, restricts, or conditions the assignment of such contract or lease, the trustee may assign such contract or lease under paragraph (2) of this subsection.
So any continuing contract in which there are obligations on both sides, such as a premium account where the accountholder pays a fee and the service provider continues providing access to the service, is assignable in a bankruptcy, even if the contract itself says it’s not assignable.
There’s a few other bankruptcy principles at play, but that’s the main one that jumps out at me.
There’s also a classic case where the bankruptcy trustee can sell a bankruptcy debtor’s Pittsburgh Steelers season tickets, including the right to renew for the next year on the same terms as all other season tickets holders. Just because the season tickets are revocable by contract doesn’t mean that the team has the right to exercise that revocation against a bankruptcy debtor just because they don’t like what’s happening in the bankruptcy.
The “what is a bank” question is complicated, so “fintechs” have been operating in areas that are in some gray areas in between “definitely a bank” versus “definitely not a bank.”
At the most informal, you’ve got things like a roommate who collects everyone’s fair share of rent before sending one payment to the landlord, or a parent who keeps track of their kids’ virtual balances of what the kids are allowed to spend. These definitely aren’t banks.
Then you’ve got things like short term balances between people who deal with each other: an employer who keeps track of hours and pays the employee at the end of the pay period, a retail customer who has some store credit from a returned item, a contractor who periodically invoices a customer for work performed, etc. Despite the “credit” and “balances,” these aren’t bank accounts.
Some gray areas get a little bit more complicated. You have airline mileage and hotel point programs where the miles/points can be used to purchase goods and services, including sometimes those not even being offered by the business where the miles were accumulated.
Then you get into banking-like structures that might be, or might not be banks. Is it banking when you buy something on a periodic payment plan? What about when you put down a deposit to reserve a preorder for something you expect to buy when that product is released? Or give someone a gift card for a specific store? Does it matter if these programs are administered by third parties separate from the buyer or seller?
Even things like Apple Cash or PayPal or Venmo or CashApp perform functions that can be bank-like, or not really bank-like.
Fintechs have looked at the constantly updated rules of what they can or can’t do before needing to comply with certain banking regulations, and usually try to avoid accidentally triggering certain rules. And the rules don’t divide into just bank versus not bank, as many of the rules apply to non-banks that do certain things, and many of the rules don’t apply to even banks that stay out of certain product lines. So it’s not a binary yes or no, but a series of complicated areas where some are yes and some are no.
The big problem, where this Synapse bankruptcy is hurting people, is when people worked with an entity that provides certain services, who relied on the back end on a middleman that provides other services, and then the middleman fails. People operating in the gray areas are exposing themselves to systemic risks they might not fully understand.
This isn’t about shareholders being wiped out. It’s about account holders of what they thought were bank accounts losing everything because their accounts were powered on the back end by a company they’d never heard of or directly dealt with.
These are supposed to have AI facial recognition for matching to government issued IDs, which just sounds like a huge attack surface (or even unintentional bugs).
Cigarette vending machines used to be quite common. Even today, there are some alcohol vending machines in controlled areas (some fancy hotels have 24/7 vending machines stocked with a particular brand of champagne bottles).
No, even if tuition and books are free, financial aid still needs to help full time students have food to eat and have a place to live and ordinary day to day expenses. In many places, the aid on room and board is much more money than aid on tuition and fees.
And community colleges tend not to have their own dorms or anything like that, so it comes in the form of a monthly payment that helps the student pay their rent. That’s an incentive for fraud.