Maybe this is not the place, but I’m still wondering: A “violation” of what?
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Maybe this one should be in the “things that would not have happened on SAFE” thread…
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I’m not an expert, but the ECB has negative interest rates on the overnight deposits, so it costs quite a lot to hold cash.
It surprises me that most banks are not yet passing through these costs to their clients. In The Netherlands only recently one bank’s CEO mentioned it (Ralph Hamers, ING) and spurred a debate. I assume they’re afraid for their clients or that it will do the opposite of what we’re expecting: even lower inflation.
What a complete waste of airtime. He must’ve been totally desperate.
China has allways set it’s non-floating currency much lower than market value because they want their super high export. So it not right to say that they “let their currency fall”
“Currency manipulation occurs when countries sell their own currencies in the foreign exchange markets, usually against dollars, to keep their exchange rates weak and the dollar strong. These countries thereby subsidize their exports and raise the price of their imports, sometimes by as much as 30-40%. They strengthen their international competitive positions, increase their trade”
Quite a long piece from Forbes on private tracking surveillance industry in the US. Haven’t read all but first section talks of contractors driving around snooping on phone calls and WhatsApp in pimped out van.
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Have to dive in to the details a bit, but this is an interesting read:
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Microsoft Contractors Are Listening to Some Skype Calls
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The people who park this sort of cash are folk who are prepared to pay for having no counter party risk. In short, it is like paying for insurance to secure your wealth.
The government on the other hand, want savings spent to allow debts to repaid. Money is credit, which has a matching debt, so they don’t really want you HODLing it - it has a destiny to extinguish a debt.
Hey @dirvine this was a pretty interesting listen talking about decentralized governance with none other than Arthur Breitman of Tezos.
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Ralph Hamers, CEO of ING (40 million customers), said, “Customers actually save more instead of less because they are uncertain about their financial future.” It’s interesting to see that I see more and more reasons saying negative interests are not doing what they are ‘supposed’ to do. The zero lower bound is broken, which some held to be impossible.
So, what’s up today? Companies buy back stock, people get scared — it’s not causing inflation to rise. And that’s just causing central banks to continue the policy. I won’t say I know better, but I don’t like what I’m seeing.
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The SAFE Browser is also Electron-based, if I’m not mistaken. Something to be aware of, if not yet the case.
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Amazing community we have here, and a big thank you to @JayBird for having a go. It helps a lot!
https://twitter.com/safepress/status/1159451901118812160?s=20
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That’s really bad for safe
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Not that bad: If I understand it correctly it is only a problem if
a) You download from an unreliable source because you can’t check the validity of these .asar files with a signature (at the moment at least).
b) A hacker can change your local Electron asar files without you noticing that with a signature-check.
But your system is already hacked/unsafe when local files can be changed that way.
And I don’t know enough of the Electron platform to be 100% sure if the SAFE Browser uses such asar files.
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SafeNet segment, interview with Nick starts at 21:00
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