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Cake day: Aug 14, 2023

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They’ve got a good, but not perfect, track record of actually uncovering illegal conduct by their targets.

  • They exposed Nikola’s fraud (including exposing the video they published pretending that their prototype rolling downhill was moving under its own electric power) and their findings led to the Nikola founder’s indictment about a year later.
  • They alleged fraudulent disclosures and financial statements by Nigerian conglomerate Tingo Group, and the government ended up indicting the founder for securities fraud.
  • They showed that Lordstown Motors was drumming up fake demand by literally paying potential customers to sign letters of intent to join the waitlist for their not-yet-created electric truck. The SEC ended up charging them with misleading investors, and brought action against their auditor who had conflicts of interest.
  • They exposed the obvious fraud of EbixCash, a gift card network, and tanked its IPO, by showing that they were lying to investors about the existence of their partners (using photoshopped buildings and fake addresses and phone numbers), lying about app downloads, and almost all of the revenue was from their own sister companies. This exposure brought down its parent company, which ended up in Chapter 11.

They’ve had less success accusing two huge well-connected investors of fraud:

  • They published a report that billionaire Carl Icahn was manipulating the share prices of his fund by using a sophisticated ponzi scheme structure that paid old investors using new investors’ cash. The SEC ended up investigating and settling for a disclosure violation about failing to disclose their pledge of more than half the stock as collateral, but didn’t actually find facts confirming the meat of the Hindenburg accusation.
  • They’ve gone after India’s Adani Group for accounting fraud and stock manipulation, but that hasn’t led to anything actually uncovered. India’s security regulator has concluded their investigation without findings of wrongdoing, but Hindenburg has doubled down and says the regulator is compromised by corruption. Adani’s founder is close to India’s Prime Minister.
  • They alleged that Block/Square was aware of, but doing nothing to stop, widespread fraud in its Cash App and debit card transactions. That wasn’t enough to actually move the stock price, because it was kinda a weak accusation, they didn’t really show that Cash App was any different from any other similar fintech product, and Block is a much bigger company that has lots of other business units.

The problem is that most of us on the outside looking in just see accusations, some of which are proven years later, and some of which never get proven, so we don’t have a good sense of which ones are real or not, whether anything is overstated, or whether it actually makes a difference to the underlying company.


Racists would pay quite a bit of money to be able to target certain ethnic groups.


For the U.S. at least:

With condos, there’s a condo association that owns all the common areas. Then the association itself is owned by the owners of the units, and the management is elected by the owners.

With co-ops, the unit owners directly own the common areas in common, and the management is also elected by the owners.

Functionally speaking they’re very similar, and co-ops tend to exist in places where this legal structure predates the invention of homeowner associations (basically New York).


Why are you sticking with a specific spectrum? You made it hard to read in service of a requirement that doesn’t make any sense.


If you’re going to reach back into the time period before they hired the writers/showrunners to actually develop a script in early 2022, or selling the rights to Amazon in 2020, then you’re talking about a project that was far from certain it would actually get made. Hard to say that they “knew” a tv show was coming before 2022.


Given the fact they knew that fallout TV series was coming out, I do find it a bit baffling that they didn’t just make fallout 5

I’m pretty sure the TV show began development in 2022, four years after Starfield was announced in 2018.


Ah I see you’ve seen me watch professional sports


The subscription fee was for a gamepass-like access to a catalog of free games, so they didn’t refund that. The subscription fee also wasn’t required for playing purchased games (although it was required for 4K quality).

especially with a controller

I mostly used keyboard and mouse with the service, since the games I like to play tend to work better with keyboard and mouse. I had a dinky underpowered laptop but was playing AAA PC-oriented games through the browser interface. It was great.

I’m on GeForce Now these days but I find that it doesn’t work quite as seamlessly as Stadia did.


All GPUs perform equally well the same at ray tracing when there are no rays to trace


Notice that your comment is framed from the perspective of what Libertarians believe, and analyzing from that context. Mine is different: analyzing a specific type of personality common in tech careers, and analyzing why that type of person tends to be much more receptive to libertarian ideas.

I’m familiar with libertarianism and its various schools/movements within that broader category. And I still think that many in that group tend to underappreciate issues of public choice, group behaviors, and how they differ from individual choice.

Coase’s famous paper, the Theory of the Firm, tries to bridge some of that tension, but it’s also just not hard to see how human association into groups lays on a spectrum of voluntariness, with many more social situations being more coercive than Libertarians tend to appreciate, and then also layering Coase’s observations about the efficiencies of association onto involuntary associations, too.

Then at that point you have a discussion about public choice theory, what the group owes to defectors or minority views or free riders within its group, what a group owes to others outside that group in terms of externalities, how to build a coalition within that framework of group choice, and then your nuanced position might have started as libertarianism but ends up looking a lot like mainstream political, social, and economic views, to the point where the libertarian label isn’t that useful.


I think technical-minded people tend to gravitate towards libertarian ideologies because they tend to underestimate the importance of human relationships to large scale systems. You can see it in the stereotype of the lone programmer who dislikes commenting or documentation, collaboration with other programmers, and strongly negative views towards their own project managers or their company’s executives. They also tend to have a negative view of customers/users, and don’t really believe in spending too much time in user interfaces/experiences. They have a natural skepticism of interdependence, because that brings on extra social overhead they don’t particularly believe they need. So they tend to view the legal, political, and social world through that same lens, as well.

I think the modern world of software engineering has moved in a direction away from that, as code complexity has grown to the point where maintainability/documentation and collaborative processes have obvious benefit, visible up front, but you still see streaks of that in some personalities. And, as many age, they have some firsthand experience with projects that were technically brilliant but doomed due to financial/business reasons, or even social/regulatory reasons. The maturation of technical academic disciplines relating to design, user experience, architecture, maintainability, and security puts that “overhead” in a place that’s more immediate, so that they’re more likely to understand that the interdependence is part of the environment they must operate in.

A lot of these technical minded people then see the two-party system as a struggle between MBAs and Ph.Ds, neither of whom they actually like, and prefer that problems be addressed organically at the lowest possible level with the simplest, most elegant rules. I have some disagreements with the typical libertarians on what weight should be assigned to social consensus, political/economic feasibility, and elegant simplicity in policymaking, but I think I get where most of them are coming from.