Alterslash

the unofficial Slashdot digest
 

Contents

  1. James Bond Videogame ‘007 First Light’ Sells 2.2M Copies, Earns $150M
  2. After Empty Promises, Will String Theory Find New Uses?
  3. Reddit Ads Impersonate BBC and The Guardian to Push Fake AI Investment Schemes
  4. Donald Trump, Bernie Sanders And Sam Altman Are All Talking About Public Ownership In AI
  5. ‘Steve Jobs In Exile’ Remembers the Birth of the Web and ‘Making Unix Taste Sweet’
  6. Scientists Edited Human Embryo Genes. But Questions Remain
  7. Failing CS Grades Soar At UC Berkeley As Professors See Greater AI Usage
  8. Cheaper EV Sales are Increasing
  9. EU’s Tech Sovereignty Package Includes 29 Pages on Open Source, Says Open Source Initiative
  10. Hospital Ordered to Pay $13M Over 2022 Death of Star Trek’s Nichelle Nichols
  11. Ladybird Browser Stops Accepting Public Pull Requests
  12. New Power Banks Released By BMX With Safer Semi-Solid-State Batteries
  13. Teen Social Media Bans Risk Strengthening Big Tech’s Dominance, Warns Bluesky Exec
  14. Early Research Suggests a Path to Predict and Prevent Lung Cancer
  15. Criticisms Rise Before Vote on America’s Cryptocurrency ‘Clarity Act’

Alterslash picks up to the best 5 comments from each of the day’s Slashdot stories, and presents them on a single page for easy reading.

James Bond Videogame ‘007 First Light’ Sells 2.2M Copies, Earns $150M

Posted by EditorDavid View on SlashDot Skip
The new James Bond-themed videogame 007 First Light had a budget of 1.3 billion Danish krone — a little more than USD $202 million, reports IGN, citing a report from Denmark’s public service broadcaster. “Denmark’s TV 2 said that makes 007 First Light the most expensive entertainment product in the country’s history” — and the game “still has some way to go before breaking even.”
007 First Light is estimated to have sold 2.2 million copies, generating $150 million in revenue… The only official sales data we have comes from developer IO Interactive, which said that 007 First Light had become the fastest-selling game in the company’s history, shifting 1.5 million copies in its first 24 hours… The impressive sales milestone was achieved without the aid of the Nintendo Switch 2 version, which is due out this summer. The James Bond adventure is also the highest rated IOI game ever, with an 87 on Metacritic…

The developer has said it wants to make a trilogy of James Bond games.
Game-tracking company Alinea Analytics tweeted their estimates that 55.1% of sales were on PS5, 33.1% on Steam, and 11.8% on Xbox (Xbox console, Windows, and cloud combined).

And Polygon reports that new downloadable game content was announced Friday.

After Empty Promises, Will String Theory Find New Uses?

Posted by EditorDavid View on SlashDot Skip
Science magazine reports:
For decades, string theory promised a “theory of everything” that described all particles and forces as tiny vibrating strings. Physicists hoped it could also solve one of the field’s deepest problems: reconciling quantum mechanics with gravity. But as string theory grew increasingly elaborate — and experimentally unreachable — many physicists lost hope.

Now, some researchers are revisiting the theory from first principles. In a paper in press at Physical Review Letters, Clifford Cheung, a physicist at the California Institute of Technology, and colleagues lay out a small set of assumptions about the universe and show that they inevitably give rise to string theory.... Cheung’s study, along with another one posted to arXiv in January, starts with two reasonably conservative assumptions: that the probabilities of all possible outcomes of an event add up to 100%, and that the laws of physics are consistent for observers moving at different speeds. Each group then posits additional assumptions that have not been borne out by observations. Cheung’s analysis invokes "ultrasoftness,” the idea that the probability of certain particle interactions drops off at a particular rate at high energies. The second study, led by University of Michigan physicist Henriette Elvang, instead assumes “supersymmetry,” a maximal coupling between matter and forces. Both groups conclude the only theory that can satisfy their assumptions is one that looks like string theory…

Cheung and Elvang stress that their aim is not to prove the inevitability of string theory. “I don’t have a dog in the fight; I just work here,” Cheung says. Rather, the goal is to explore the space of possible theories under rigid constraints — regardless of whether they reflect reality… The one thing the researchers all agree on is that the field would benefit from more alternative models to string theory. Cheung sees the agnostic, bottom-up exploration as a step in that direction. “You can either give up on the problem because it’s too culturally toxic, or you can ask: If you want to find an alternative, what do you need?” he says. “Now, we know exactly what to do.”
Thanks to Slashdot reader sciencehabit for sharing the article.

supersymmetry has to go

By fadethepolice • Score: 3 Thread
The issue with these founding assumptions is including supersymmetry. If they eliminate that from the assumptions, it would be a better start, but the real issue preventing advancement is that they fundamentally do not understand the topology of the universe. The universe is not flat. All mainstream physicists are basically card holding members of the flat universe society.

probabilities adding up?

By Fly Swatter • Score: 3 Thread
Stargate reference:

Vala: There’s a seventy percent chance that if we dial manually we will be able to establish a connection, and a fifty percent chance that the bomb will just go off.
Mitchell: That’s a hundred and twenty percent.
Vala: Well, there’s some crossover where we establish a connection and the bomb goes off.

Reddit Ads Impersonate BBC and The Guardian to Push Fake AI Investment Schemes

Posted by EditorDavid View on SlashDot Skip
A "growing wave” of Reddit’s “promoted posts" are sending U.S. and European audiences to money-stealing scams that impersonate major news organizations including the BBC, the Financial Times, and The Guardian, according to new findings from Bitdefender Labs.

“Domains are short-lived and rapidly rotated to evade detection,” they write, noting that the impersonating sites apparently even use language “to falsely imply that the investment platform had been reviewed, approved, or vetted” by the legitimate site they’re impersonating:
The campaign promotes fake AI-powered investment platforms such as Wencoin STX, Warrior Coin AI, and Nevo Coin, using fabricated celebrity endorsements, cloned news websites, fake interviews, and invented financial success stories to lure victims into depositing money. Researchers Andrea Olariu and Emanuel Puscasu have identified multiple promoted Reddit posts masquerading as legitimate financial or breaking news stories.

Some ads claimed that:

— NVIDIA and OpenAI were “creating the future”
— Heathrow police discovered hundreds of thousands of pounds in cash
— Governments and banks were allegedly trying to “hide” a revolutionary AI investment platform
— European regulators were “silencing” articles about AI trading systems

Some Reddit ads delivered in video format, including what appeared to be a deepfake BBC news segment featuring a news anchor presenting fabricated financial headlines… Examples observed by researchers included:

— Fake BBC pages discussing "$20 billion conversations” tied to AI investments
— Fraudulent Financial Times articles about Heathrow airport cash seizures
— Fake Guardian stories claiming governments were trying to suppress coverage of Wencoin STX or Nevo Coin

The pages featured fabricated interviews, fake profit screenshots, manipulated banking documents, false testimonials, and even fictional journalists or business editors designed to make the scam look legitimate. In many cases, the content sought to create a sense of exclusivity or conspiracy, suggesting that banks, regulators, or governments were trying to suppress public access to the investment platform…

Our researchers found that after users clicked links embedded within the fake Guardian articles, they were redirected to a registration form allegedly used to create a “Nevo Coin” investment account. The form requested personal contact information, including the victim’s name, email address, and phone number. To increase pressure and encourage immediate action, the page warned that registration availability was limited, claiming that once all spots were filled, new user registrations would be suspended.
And in the final stage, they’re asked to deposit money…

feedback

By noshellswill • Score: 3, Insightful Thread
Is the “investing class” so stupid and greedy they fall for such hype ? If so then … watch and enjoy their  being swindled. Feedback systems working 100% as they designed.

I fell for this one…

By Captain Kirk • Score: 4, Interesting Thread

I clicked on the link, which appeared to be a BBC story, and then filled in the form including my phone number for more information. Then I saw it was a scam and bailed. Now I get 2 or 3 phone calls from the scammers every day, all from local phone numbers, but all guys with Indian accents so they are spoofing the numbers. I always answer, never speak and just let them hang there a few minutes. The annoyance is that they will sell my number to other scammers so this phone number is probably blighted for life now.

My rules concerning ads

By RitchCraft • Score: 3 Thread

One of my rules, which I passed onto my children, is to NEVER BELIEVE ANYTHING an advertisement has to say and assume they are ALL SCAMS. Another one of my rules, which again my children posses, is to NEVER use the Internet without ad-blocking protection. Lastly, never, Ever, EVER, click a link contained in an email you received no matter the riches it may promise or how reputable the source may appear. I encourage everyone to pass these rules onto others.

Re:feedback

By sound+vision • Score: 5, Insightful Thread

When you speak of an “investing class" that tends to refer to individuals or organizations with large sums to throw around, and who make a profession out of it. Most of the people clicking on these ads are not going to be in that category.

They might fall for the same scam, though, and if it’s been demonstrated to work on the big boys, it will probably work on grandma too.

Seeing ads

By ArchieBunker • Score: 4, Insightful Thread

This is slashdot. Who here isn’t using any form of ad blocking?

Donald Trump, Bernie Sanders And Sam Altman Are All Talking About Public Ownership In AI

Posted by EditorDavid View on SlashDot Skip
U.S. Senator Bernie Sanders announced a plan for the public to take a 50% ownership stake in AI companies, remembers the Associated Press.

And then OpenAI’s Sam Altman “told Sanders that he, too, wants the public to have equity in AI companies.”
Though the CEO said he couldn’t support Sanders’ threshold of 50%, he nonetheless wanted to work with him to advocate for the general idea, according to people with knowledge of the conversation. The nearly hourlong meeting in Sanders’ Senate office this week, held at Altman’s request, highlighted the inherent tension between AI powerhouses and policymakers as Americans are increasingly asked to accept the costs of the AI boom even as they remain unconvinced of its direct benefits.

Yet it’s also creating odd political bedfellows fueled by populism as politicians from Sanders to President Donald Trump embrace giving the public a stake in AI’s growth. Speaking to reporters on Air Force One on Friday, Trump described a potential partnership “where the American people can benefit from the success of AI” and said executives from leading AI companies will visit the White House, “probably next week,” to discuss the idea.
The article points out that Altman also met with congressional leaders from both of America’s political parties.

Obviously, Altman wants this

By gweihir • Score: 5, Insightful Thread

He knows he is due for a catastrophic business failure quite soon. Being partially publicly owned would give him access to taxpayer money…

Ah yes…

By Junta • Score: 5, Informative Thread

Altman wants some public ownership, but not 50% which, presuming it would be a voting stake, would actually potentially matter for decision making. It’s not a majority but if enough private market shareholders side with the public ownership, then it matters.

Instead, he wants enough for the public to have a stake specifically in the “approved” AI companies so that the companies are unambiguously “too big to fail”. A chance to hold hostage a big enough chunk of wealth so that the government is stuck doing whatever it can to protect and ensure the selected companies, whether it be in the face of a souring market or upstart companies that didn’t have the good fortune of being selected by the company. Meanwhile, the actual governance and decision making remain firmly status quo. Including decisions about how much to send back to “investors” and how much to “reinvest” (including setting their own compensation). They may even structure it so they can classify public ownership differently from private market, and reward investors in each class differently.

Just another ambition to privatize the gains and socialize the losses.

The AI Get-Out-of-Bankruptcy Card

By gtall • Score: 5, Informative Thread

When in doubt, off load to the government. It isn’t beyond the realm that el Bunko has done a secret deal with OpenAI for “some” federal control in exchange for a bit of dosh under the table. In fact, given his track record and Altman’s ability to be ethically challenged, it is likely. And given that he’ll be gone in 2.5 years of the remaining sentence in Hell we have of that dolt, he’ll collect now and stick the next administration with the screw up. And it will screw up, that’s what he does. Just look at his business record. He was found guilty in NY for financial fraud. It is who he is.

Sanders is angling for tax gains to help replace the taxes el Bunko has reduced on the wealthy.

Re:Obviously, Altman wants this

By geekmux • Score: 5, Interesting Thread

He knows he is due for a catastrophic business failure quite soon. Being partially publicly owned would give him access to taxpayer money…

You mean Too Big To Fail money.

Let’s call it what it is.

And if we thought American auto manufacturing arrogance was a bit Too Big to deal with before, just wait until Seven companies insist they’re far too Magnificent to Fail..

Re:Not really. Reality is …

By hodet • Score: 5, Insightful Thread

Ya Altman and Sanders are talking about two different things entirely. Altman wants taxpayer money to support the company and take on the risk, Sanders wants guardrails. The title makes it sound like some big koombaya moment. Trump just trying to figure out how he can make it benefit him personally.

‘Steve Jobs In Exile’ Remembers the Birth of the Web and ‘Making Unix Taste Sweet’

Posted by EditorDavid View on SlashDot Skip
Ars Technica shares some anecdotes from Steve Jobs in Exile, a new book released last month:
[Author Geoffrey] Cain reminds us, in stunning detail, that Jobs’ “exile” era at NeXT was not only critical to his evolution as a man and an entrepreneur, but that it mattered for the rest of us, too. The technological innovations that came out of NeXT — notably, the NeXTSTEP OS — continue to live on in what we now call both macOS and iOS. As Cain puts it, “NeXTSTEP was Steve’s attempt to make Unix taste sweet....”

[W]hile many tech nerds know that Tim Berners-Lee created the first World Wide Web server on a NeXT machine while working in Switzerland in 1990, few know that NeXT employees were wary of bringing the news to Jobs. Why? They feared his wrath “and that he would dismiss [the web] as ‘shit.’" (In another timeline, NeXT might itself have capitalized on this world-changing innovation....)

Perhaps one of the wildest anecdotes that Cain uncovered was how one voicemail changed computer history forever. In 1996, when Apple was solidly in its mediocre Performa era — and considering buying BeOS as the basis for its new operating system — a mid-level NeXT product manager asked aloud, “Why don’t we just frickin’ call Apple?” (NeXT was also struggling during this period.) And so someone did. As Cain writes:

Garrett left the group of managers, walked back to his office, and took a risk. He picked up his designer phone and called the head of software at Apple. He left what he described as “one of my more inspired sales pitches” on the man’s voicemail, explaining why Apple should be looking at NeXT instead of Be… In any other universe, Garrett’s call might have gotten him fired. But in this timeline, it worked out. And thanks to him, Steve [Jobs] was about to enter Apple’s airspace once again.
Thanks to long-time Slashdot reader destinyland for sharing the article.

Erm no

By pele • Score: 4, Insightful Thread

NeXTSTEP was Jobs attempt to sell $10k workstations to education.
And yes, money talks. Nothing to do with sales pitches or technical prowess of any kind. Let’s not forget ObjC and the sheer amount of stress and madness it caused. BeBOX was waaay ahead of NeXTCUBE (in fact it was up there with alphas of the same era) and BeOS was waaay ahead of NeXTSTEP.

Re: Erm no

By phantomfive • Score: 4, Interesting Thread
OOP is a way to organize your code.

LISP doesn’t give any guidance at all on how to organize the code, but it is an extremely flexible language. The flexibility allows creative people to come up with new ideas and test them immediately. That is how Alan Kay came up with Smalltalk, which is a close cousin of Objective-C.

It’s where Javascript came from (an excellent language for its original purpose: setting values). It’s where the concept of the | in unix came from.

But LISP is not an easy language: the programmer needs to find the beauty. That is why it is not suitable for work: when money is involved, beauty goes out the window.

Doom and Quake

By HnT • Score: 3 Thread

The NeXT machines and the OS were used for both Doom and Quake, because the development env was so superior to everything else out there back then!

Scientists Edited Human Embryo Genes. But Questions Remain

Posted by EditorDavid View on SlashDot Skip
“A DNA-editing feat involving editing the genes of early stage embryos was announced this week,” reports the Wall Street Journal.

They describe the feat as “a far cry from designer babies, but nevertheless a step in that direction.”
Dieter Egli, an associate professor of developmental cell biology at Columbia University and his co-authors, including Nathan Treff of Nucleus Genomics, a New York-based DNA-testing startup, say the technology could help fix disease-causing mutations in embryos. “We’re not throwing the final ‘OK, you will have gene-edited babies tomorrow’ at the public,” said Egli. “That is a process that can occur through discussion matched with scientific progress....”

Previous gene-editing efforts have often used Crispr, which can cut out parts of the DNA sequence, but the technology can also cause damage if the wrong DNA is targeted or cut out. In 2018, Chinese scientist He Jianku said he used Crispr to tweak DNA in human embryos and was imprisoned for the work. The technology Egli’s group used, called base editing, allows them to target individual DNA letters in sequences more precisely with fewer adverse effects… Egli’s group focused on altering two genes, one that can raise the risk of heart disease and one that is tied to blood disorders like sickle cell disease, and the research showed they were sometimes able to do so successfully, in the same embryo, without damage.

“I am generally supportive of the concept of embryo editing to prevent genetic disease,” said Dr. Paula Amato, a fertility expert at Oregon Health & Science University who wasn’t involved in the research… Base editing has been used in human embryos before, according to peer-reviewed studies. The technology was used to correct a disease-causing mutation and an Alzheimer’s disease-risk gene variant, said Alexis Komor, associate professor of biochemistry and molecular biophysics at the University of California, San Diego, who wasn’t involved in the work. “There really is not any unmet medical or clinical need for this, especially from an in vitro fertilization perspective,” Komor said. “Usually what you’ll hear is that they’re doing it just so that you know we can prevent genetic diseases, but there are so many other better ways to do that.”

Using embryo editing to create babies is illegal in the U.S. and many other countries. Scientists have long worried that it is a slippery slope and that the technology could ultimately be used to promote eugenics. Her worry is that “they’re basically building a blueprint” for more ethically problematic forms of embryo editing. “In my opinion, I think this is a huge no-no,” Komor said. “There’s just no ethical way to use this....”

Nucleus Genomics Chief Executive Kian Sadeghi said his company plans to fund Egli’s further research, building on the new findings. His company sells a polygenic embryo-screening product, which screens prospective parents’ embryos and produces risk scores for their likelihood of developing disease, as well as factors like height, IQ and eye color. The company has said the IQ predictions are limited in accuracy.
The research was published online Monday on a preprint server.

But then, maybe you could

By oldgraybeard • Score: 3 Thread
better adapt humans to life in space. The proverbial slippery slope.
How will it work out?

Caution, not fear

By Baron_Yam • Score: 3 Thread

We should be cautious about germline genetic engineering, mostly because of the potential for causing harm to the individual, but also a broader fear of creating a larger divide between the haves and have-nots.

The idea that such caution should result in an absolute ban on such things is due to fear, and it’s stupid and those fears should be discounted. If they aren’t, the fears will result in what they are trying to prevent as the work continues in private.

If I were planning on having a child, and I had the money, nothing would stop me from having my offspring’s DNA tailored as far as known genetics would allow to optimize their heath.

Failing CS Grades Soar At UC Berkeley As Professors See Greater AI Usage

Posted by EditorDavid View on SlashDot Skip
The University of California at Berkeley discovered the percentage of failing grades in multiple CS classes this spring “is significantly higher than past semesters,” reports the campus’s student newspaper.

“Instructors point to students’ increased reliance on AI, lack of mathematical preparedness and understaffing as potential contributing factors.”
According to [coursework platform] Berkeleytime, 35.3% of CS 10 students and 10.6% of CS 61A students received F’s in spring 2026. In spring 2025 and spring 2024, the percentage of F’s did not exceed 10% for either class. The electrical engineering and computer sciences department’s grading guidelines state that 7% of students in lower division courses, including CS 10 and CS 61A, should receive D’s and F’s…

[UC Berkeley teaching professor Dan Garcia, who taught both classes] believes the “primary driver” of these abnormally high failing rates is due to a “vast increase in academic dishonesty” due to students’ usage of large language models, such as Claude, ChatGPT and Google Gemini. “Some of the numbers that you saw from the number of students who receive failing grades were because we caught them (cheating) and prosecuted them and are sending their cases to the Center for Student Conduct,” Garcia said. “But in other cases, it’s students who are leaning a little too hard on LLMs to do their work for them, and then at exam time just really aren’t ready.” According to Garcia, nearly 30 students in CS 10 were “caught cheating on take-home exams” in spring 2026…

In addition to overreliance on AI, Garcia also pointed out that many students are underprepared mathematically, a concern echoed by campus associate teaching professor Gireeja Ranade. Ranade noticed a similar lack of prerequisite mathematical skills in her spring 2026 EECS 127 class, “Optimization Models in Engineering,” which she described as “differently challenging” to teach this semester. The class saw a 16.8% F rate, far higher than the 5% of D’s and F’s that the EECS department describes as “typical” for an upper division course…

Both Garcia and Ranade have joined more than 1,300 UC faculty in signing a petition calling for the reinstatement of ACT and SAT standardized testing scores for STEM admissions in the UC system.
Thanks to long-time Slashdot reader theodp for sharing the article.

Lack of math skills?

By kbrannen • Score: 5, Interesting Thread

Looking that course up it seems that’s about proving algorithms and other stuff, so maybe you do need more advanced math skills for such a theoretical course. My 39 years of experience is that 2 years of high school algebra is good enough for the typical programmer. I’ve worked 2 jobs in my time where higher math was needed, but the employer hired someone with a Phd in math to figure out what needed to be done, the rest of us did the UIs, the DBs, the infrastructure, etc. I’m not dismissing higher math, there are places where it’s useful, but most programmers don’t need it. Hmm, I also see that course isn’t required to graduate, so some of those students shouldn’t be taking it if they’re not sure of their skills/knowledge.

Re:Lack of math skills?

By Arrogant-Bastard • Score: 5, Insightful Thread
The purpose of the CS department is not to provide vocational training for programmers; it’s to teach CS. In turn, CS is far, FAR more than mere programming, and thus requires an understanding of math in multiple areas — to name a few: graph theory, queueing theory, discrete mathematics, combinatorics, calculus, differential equations, probability, geometry/trigonometry, linear algebra.

Students who are unable or unwilling to learn these things aren’t going to be able to learn CS because they lack the foundation(s) required, and thus they’re likely to receive low grades. That’s how it is, and that’s how it should be.

This is not to say that people who only want to learn to program should not do so: they most certainly can. But that’s a very different educational path than trying to learn CS. It’s roughly the same as someone who wants to learn to be an electrician vs. someone who wants to earn a degree in EE.

#1 reason - kids used AI to get into Berkeley

By retrobunnies • Score: 5, Interesting Thread
They cheated. Generated AI code, cover letters, or what have you using AI tools. This is the main reason. Meanwhile qualified students were rejected by Berkeley because they didn’t cheat and just seemed like a “normal” candidate.

Re: cull the weak

By Fons_de_spons • Score: 4, Interesting Thread
Teacher here… Life is more and more becoming one big marshmallow test. The “weak” in this case just have poorer impulse control. That is a lot of people to cull…

Re:So let them fail

By geekmux • Score: 4, Insightful Thread

Understanding what an LLM can and cannot do should be part of the knowledge of a CS student, they clearly don’t so deserve the failing grade.

A student should understand what an LLM can and cannot do, but a CEO firing humans by the hundreds to replace them with premature ToddlerAI, somehow gets a pass?

Make it make sense. Because Greed is destroying the point of a student. And a classroom.

Cheaper EV Sales are Increasing

Posted by EditorDavid View on SlashDot Skip
Sales have increased for Hyundai’s under-$35,000 IONIQ 5, totalling 18,395 for the first five months of 2026, reports Electrek, “up 16% from the same period last year.”

But meanwhile BYD’s overseas sales surpassed 160,000 for the first time last month, “up 80% from May 2025 and 19% from the previous record of 135,098 set in April.”
Through the first five months of 2026, BYD sold 616,263 vehicles overseas. In May, overseas sales accounted for over 41% of BYD’s total sales. In several major markets, including the UK, BYD surpassed Tesla and Kia to become the best-selling EV brand through April. “With fuel prices remaining high, more drivers are turning to electric vehicles as a smarter and more economical choice,” Bono Ge, BYD UK’s Country Manager, said last month.
Elsewhere Electrek notes that Toyota’s bZ (starting at under $35,000) was the third-best-selling EV in the U.S. in the first three months of 2026, behind only the Tesla Model 3 and Model Y. “Last month, bZ sales doubled from May 2025, with 2,646 units sold.”

And meanwhile the first Volkswagen ID. Polo and Cupra Raval models “rolled off the production line at the Group’s Martorell plant in Spain, the first of several new affordable, mass-market EVs.”
Starting at €24,995 ($29,000) and €26,000 ($30,100), the ID. Polo and Cupra Raval are the first models from the Group’s Electric Urban Car Family

[T]he first customer deliveries are scheduled to begin later this summer and into the fall. Following the ID. Polo and Cupra Raval, Volkswagen will introduce new members to the Electric Urban Car Family, including the ID. Cross, an electric version of the T-Cross, later this year. According to Volkswagen, the ID. Cross will start at around €28,000 ($32,500).

water is wet

By redback • Score: 5, Insightful Thread

yeah if you make things affordable more people buy them.

EVs are already better for most non-commercial use

By Smonster • Score: 5, Interesting Thread
My next vehicle will definitely be a long range EV. My household has two motor vehicles. One ICE. One PHEV. When we replace the ICE it will be with a long range EV. But we also will replace the PHEV with another PHEV when the time comes vs another EV. It is for the similar reasons I have three ways to heat my house in tne winter.

But EVs are already better in almost every way compared to ICE vehicles. The only thing ICE vehicles have over EVs is better refueling times and towing. (And it’s probably easier to hike in a gallon or three of gas than the equivalent electricity. But having back up solar panels could solve that in some situations with an EV too.)

A PHEV solves refueling issue for road trips until the interstate and destination charging situation improves. But most of the time anyone with a garage or driveway are likely to just charge overnight. So charging isn’t really an issue. Anything with 300+ mile range would easily get me to NYC or DC and back home without worrying about charging too. Even if I got caught in traffic. But for longer trips, charging on the road is not ideal.

Re:Also EVs are all crap good for nothing because

By madbrain • Score: 5, Informative Thread

Complete BS.

When looking strictly at tire particulates in isolation, the 20% to 26% emission increase from EVs has a negligible, almost imperceptible impact on clear skies and visual haze.
While the environmental protection agency identifies microscopic particulate matter ($PM_{2.5}$) as the primary driver of regional haze and reduced atmospheric visibility, tire dust behaves in a way that prevents it from creating smog or muddying the horizon. [1, 2]
The physical mechanics of tire dust limit its impact on clear skies through three specific factors:
## 1. The Particles are Physically Too Heavy to Create Haze [3]
Atmospheric haze is caused when light hits thousands of tiny, microscopic particles suspended in the air, scattering the light waves and blurring the horizon. [4]

* Tire Dust is Mostly Coarse: Up to 99% of the mass shed by an EV tire consists of large, heavy fragments (typically 10 to 100+ micrometers in diameter).
* Rapid Ground Fallout: Because these pieces are so large and heavy, gravity pulls them down immediately. They fly off the tire and settle into the roadside dirt or gutters within seconds. They do not stay suspended in the atmosphere long enough to scatter sunlight or form a visible shroud of smog. [3, 5, 6]

## 2. Lack of Volatile Organic Chemical Evaporation
True sky-blocking smog requires gaseous chemical reactions. Sunlit skies turn hazy when volatile organic compounds (VOCs) and nitrogen oxides mix in the heat to generate ground-level ozone and ultra-fine chemical aerosols.

* Isolated tire dust is a solid, stable compound made of vulcanized synthetic rubber, carbon black, and heavy metals. It does not evaporate into the air as a gas, meaning the extra rubber shed by an EV does not feed the chemical reactions that create regional smog or overcast city horizons. [7]

## 3. Extremely Confined Geographic Footprint
Particles that stay aloft long enough to reduce visibility are usually tiny enough to be carried for hundreds of miles by the wind. By contrast, the small percentage of tire dust that does manage to become airborne ($PM_{2.5}$) has a highly localized presence: [8, 9]

* Field measurements show that airborne tire particulates drop off drastically just 50 to 100 meters away from the roadway.
* Because this dust settles so quickly right next to the asphalt, it remains a localized roadside pollutant rather than rising into the upper atmosphere to create a regional blanket of haze. [8]

## Summary of Isolated Impact
If you look exclusively at the tires, an EV will drop roughly 20% more solid black rubber fragments onto the physical ground. However, because these pieces lack the buoyancy to float and the volatile gases to react with sunlight, this extra debris cannot create atmospheric haze. The sky directly above a highway remains just as clear regardless of the increase in tire wear mass.
If you would like to look at what does impact the sky, we can look at how regenerative braking affects the creation of airborne metallic dust, or how eliminating tailpipe exhaust reduces regional smog. [10]

[1] [https://www.epa.gov](https://www.epa.gov/pm-pollution/particulate-matter-pm-basics)
[2] [https://www.facebook.com](https://www.facebook.com/virginiatech/posts/how-does-tire-wear-from-our-vehicles-contribute-to-pollution-researchers-at-virg/689983136996111/)
[3] [https://www.airflows.cee.vt.edu](https://www.airflows.cee.vt.edu/portfolio/tire-wear-particles/)
[4] [https://ww2.arb.ca.gov](https://ww2.arb.ca.gov/resources/visibility-reducing-particles-and-health)
[5] [https://en.wikipedia.org](https://en.wikipedia.org/wiki/Haze)
[6] [https://www.sierraclub.org](https://www.sierraclub.org/sierra/2024-2-summer/material-world/evs-pollution-tailpipe-tires)
[7] [https://nypost.com](https://nypost.com/2024/03/05/business/evs-release-more-toxic-emissions-are-worse-for-the-environment-study/)
[8] [https://books.rsc.org](https://books.rsc.org/books/edited-volume/675/chapter/377700/Local-acting-Air-Pollutant-Emissions-from-Road)
[9] [https://www3.epa.gov](https://www3.epa.gov/ttnemc01/prelim/otm31appC.pdf)
[10] [https://ev.com](https://ev.com/news/study-reveals-evs-produce-less-brake-and-tire-pollution-with-fewer-non-exhaust-emissions)

Re:water is wet

By CohibaVancouver • Score: 4, Insightful Thread

yeah if you make things affordable more people buy them.

Part of the challenge until recently has been that all the market research performed by EV manufacturers in North America has returned the same data point: Potential customers are obsessed with range.

People with a 20-mile daily commute insist that they need an EV with 600 miles of range or they won’t even consider it. They claim they need to be able to drive 800 miles nonstop to Grandma’s house twice a year, and if they can’t do that EVs are useless to them.

Hell, the common refrain from EV haters on /. is “I have a 300-mile daily commute, therefore EVs are impractical for everyone".

When someone asks me about my EV the first question is not about how it drives, or the economy - It is “What is the range?”

The battery is generally the most expensive component in an EV, so in order to deliver what the market is telling them (big range), EV manufacturers generally only offered expensive cars.

As the North American market has gradually re-calibrated to be somewhat less obsessed with range (and the costs of battery technology have declined), manufacturers have started to risk offering more affordable options (with less range) into the market. And people are finally buying them.

Re:EVs are already better for most non-commercial

By CohibaVancouver • Score: 4, Informative Thread
Next week I will have had my EV for seven years.

I have never charged at home via an “L2” 240v charger. I’ve always just used a regular plug in the wall.

115 volts at 12 amps is around 1,400 watts - 1.4kW.

If I plug my car in at home for 10 hours that adds 14 kWh. 12 hours is 16.8 kWh.

Energy use depends on highway vs city, temperatures etc. but right now I get around 4 miles/kWh (I’m Canadian, but I’ve converted to freedom units for you Americans.)

So that means I add around 60 miles every night just on a regular outlet.

EU’s Tech Sovereignty Package Includes 29 Pages on Open Source, Says Open Source Initiative

Posted by EditorDavid View on SlashDot Skip
Friday the Open Source Initiative welcomed the EU’s new tech sovereignty package, noting that “over a third of the 29-page document is devoted to Open Source.”

The nonprofit OSI — maintainers of the Open Source definition — submitted their official feedback in February, and notes that “many” of their key requests were addressed, “as well as some exciting new announcements!”
One of the biggest barriers to Open Source adoption has been public procurement. Too often, tenders have been designed around proprietary solutions, ignoring the benefits of Open Source and locking public institutions into closed ecosystems. The OSI called for procurement rules that prioritize interoperability, reusability, and vendor independence. The package takes a major step forward in this area. The EU pledges to make the public sector an anchor consumer for Open Source solutions. The Commission plans to reform procurement rules to remove barriers for Open Source, provide better guidance to EU countries on procurement criteria to avoid excluding Open Source, and uphold the “public money, public code” principle when procuring software development. Both proposals align with the OSI’s feedback. The next critical step is the EU’s public procurement law reform. The OSI will continue advocating to ensure these pledges translate into action.

Beyond procurement, the OSI highlighted challenges faced by Open Source communities in Europe, particularly difficulties accessing investment and expertise to commercialize and scale projects. The Commission has responded by committing to ensure Open Source companies are considered for funding under the European Competitiveness Fund (ECF). It also plans to create “Open Source business accelerators” that will offer mentorship, training, legal and licensing consulting, and business development support, including marketing. Additionally, the Commission will work to raise industry awareness of Open Source solutions by leveraging the EU’s existing business support networks. These measures directly address the OSI’s concerns and could significantly boost the Open Source ecosystem in Europe…

[I]n our feedback, we called for the continuation of the Next Generation Internet (NGI) initiative that has funded many Open Source projects, and for the creation of a European Sovereign Tech Fund to fund ongoing maintenance and features development to meet the EU’s needs. We also highlighted the need to mainstream Open Source in other funding opportunities (like the €100bn+ Horizon Europe programme). The Commission’s strategy addresses these requests. The NGI will be scaled up under the new name “Open Internet Stack.” A new Open Source Maintenance Instrument will fund the “maintenance and security upkeep of essential components.” The Commission will also create a list of critical and security-relevant Open Source dependencies to inform funding decisions and promote Open Source solutions as the default approach in Horizon Europe funding.
Friday’s announcement from the Open Source Initiative notes that the EU is already leading by example in Open Source adoption. It applauds the EU for “deploying a Matrix-based communications system and the openDesk collaboration environment internally, trialing an alternative operating system to replace Windows, which is currently widely used in EU institutions, and expanding its presence on the Fediverse, with Commissioners and key departments already joining the EU’s Mastodon server.’

I’m still in awe

By T34L • Score: 4, Insightful Thread

… at just how incredibly thoroughly Microsoft managed to fumble the back.

All you daft motherfuckers had to do was to not shit where you eat; all you had to do, was to keep the enterprise product serious, conservative and solid. Nobody would have cared if you tested your AI slop in code and AI slop in runtime and all the spyware you could have possibly thought of *in freemium tier windows for the riffraff*. All you had to do was to stick to your own market segmentation and release a real operating system for the biz and the gov. But you decided to treat nation state government employees like a product, and put it into your fucking public marketing that you do. Great fucking job. I mean, I won’t miss you.

Trump will cost Microsoft and others $$Billions$$

By tom_asdf • Score: 5, Insightful Thread
Trump’s stupid attempt to claim Greenland and his disparaging remarks towards NATO will cost American Proprietary Software Companies $Billions.
Red Hat won’t be complaining about Europe’s change to Open Source Software.
I would like to see the right wing Trump supporters explain why Microsoft, Oracle, IBM etc losing billions of dollars of European revenue is a good move by Trump.

Translation:

By Gravis Zero • Score: 5, Insightful Thread

One of the biggest barriers to Open Source adoption has been clueless bosses that are impressed by shinny presentations.

If we’re being honest, this is what has driven software adoption within businesses.

Hospital Ordered to Pay $13M Over 2022 Death of Star Trek’s Nichelle Nichols

Posted by EditorDavid View on SlashDot Skip
The Root reports:
A New Mexico jury has found the Gila Regional Medical Center negligent in the death of Nichelle Nichols, who famously played Lieutenant Nyota Uhura on the hit television series “Star Trek.”

According to KRQE News 13, Nichols’ family filed a lawsuit against the hospital last year following her 2022 admission for shortness of breath. Nichols’ family claimed that she should have received a full cardiac examination, but the medical personnel sent her to the observation unit, and she was discharged the next day. After being transported to her assisted living home, the 89-year-old passed away just seven hours later.

In response to Nichol’s tragic passing, the lawsuit alleged that Gila Medical Center “hired, credentialed, and inappropriately supervised unqualified medical providers” who treated the actress. The lawsuit also alleged that the hospital failed to secure a bed for Nichols or transfer her to a facility that had one. Furthermore, the attorney argued that the staff should have known that the assisted living center was not equipped to handle a patient with her medical needs.

On Thursday (June 4), a jury found the hospital negligent and awarded Nichols’ estate $13 million.
KRQE got this quote from the estate’s attorney about the death of the 89-year-old acctress. “At the end of the day, Nichelle Nichols had a heart attack that was missed. That’s why she died.” The jury deliberated for “just two hours.”

Re:Seriously?

By Valgrus Thunderaxe • Score: 5, Insightful Thread
Robots and computing must get integrated into medical asap.

No thank you.

Re: Seriously?

By brian.stinar • Score: 4, Insightful Thread
She was 88 years old, likely suffering dementia, and living in a nursing home. Why should anything have been done? She was probably no code (https://www.merriam-webster.com/medical/no%20code) until her estate saw dollar signs.

Re: Her family deserves it

By idontusenumbers • Score: 5, Insightful Thread

I dont see how her being an icon means her family deserves anything. The family suffered no more nor did they work harder than an ordinary family would.

Re:That’s nice

By HiThere • Score: 5, Informative Thread

While your points are good, this looks like negligence to me. So, yeah, our “justice” system needs reform, but that facility should be made to change it’s practices. (Not that I’m sure this decision will cause them to do that.)

At 89 be glad of death’s mercy.

By couchslug • Score: 5, Interesting Thread

We evolved to cling to life and suffer as long as possible, but old age is fucking horrible (I’m old) and modern refusal to face that is degenerate. In more practical times easy deaths were appreciated.

In other news, heart attacks aren’t a bad way to croak (I’ve had one). Instead of pretending we should fight death so we can suffer longer and die anyway, a more nuanced view is wise.

The original Trek cast are only mourned because they’re a token of viewers long death youth. Their work is long finished. It’s OK for fans to let go.

Ladybird Browser Stops Accepting Public Pull Requests

Posted by EditorDavid View on SlashDot Skip
The Ladybird browser isn’t opposed to AI coding tools, but it’s just brought a new change to their code-contributing policies.

February 23: "Ladybird adopts Rust, with help from AI.”
Our first target was LibJS , Ladybird’s JavaScript engine… I used Claude Code and Codex for the translation. This was human-directed, not autonomous code generation. I decided what to port, in what order, and what the Rust code should look like. It was hundreds of small prompts, steering the agents where things needed to go… The requirement from the start was byte-for-byte identical output from both pipelines. The result was about 25,000 lines of Rust, and the entire port took about two weeks. The same work would have taken me multiple months to do by hand.
June 5 (Friday):
We will no longer accept public pull requests… A pull request no longer tells us as much as it used to about the person submitting it. A substantial patch used to imply substantial effort, and that effort was a reasonable proxy for good faith. That assumption no longer holds....

We have already seen patient, well-resourced campaigns in open source to earn maintainer trust and abuse it. What has changed is how much faster and cheaper it has become to produce work that looks like a serious contribution… Whether code was typed by hand is beside the point. What matters is who is responsible for it once it enters the browser. Ladybird is becoming a browser for real users. The people introducing changes to it must be the people who decide those changes belong in the project, and who will answer for the consequences.

As part of this change, we will close all currently open public pull requests. We are grateful for the work people put into them, but keeping the existing queue open would keep that contribution path open in practice. There is no perfect time to make this change, so we are making it now. Going forward, pull requests will only be available to project maintainers. There will not be a separate process for submitting patches by other means. We do not want to create a shadow contribution system through issues, comments, email, or forks…

Outside involvement still matters: clear bug reports, reductions, website testing, standards discussion, design discussion, security reports, and technical feedback all help move the project forward. This is the right change for Ladybird now. We are preparing to ship a browser to real users, and our development process has to match that responsibility.

Subject

By Kamineko • Score: 3 Thread

> The people introducing changes to it must be the people who decide those changes belong in the project, and who will answer for the consequences.

You know the pull requests dont get automatically merged, right

This is more than just a halt to pull requests…

By Excelcia • Score: 3 Thread

This is more than just a halt to pull requests…

There will not be a separate process for submitting patches by other means.

…this is an end to all public contribution whatsoever.

While this is their project and they are free to do that, I take issue with labelling it as an end to pull requests when it’s actually an end to any public contribution.

There is an answer to disingenuous pull requests. That is doing the work to review the code before it’s implemented. Whether that’s other AI tools, manual code reviews, or sandboxing and testing on a VM, nothing less than all of this should be being done anyway.

A substantial patch used to imply substantial effort, and that effort was a reasonable proxy for good faith. That assumption no longer holds....

This has been the case exactly never. Now, they may have used size = effort = metric-of-good-faith, but that was their assumption and their mistake. Again, shutting down pull requests and public contribution is not the remedy for the fact this false assumption was made in the past. That remedy is a return to (or start of) vigilance.

Re:This is more than just a halt to pull requests.

By Jeremi • Score: 5, Insightful Thread

There is an answer to disingenuous pull requests. That is doing the work to review the code before it’s implemented.

That’s true, but when it takes Joe Random Hacker 10 seconds to generate a plausible-looking pull-request, which requires Joe Project Maintainer to spend 30 minutes reviewing the code-changes in that request, and Joe Project Maintainer isn’t getting paid for his time spent doing the review, you’ve got all the ingredients for a distributed-denial-of-service attack on your project’s maintainers. Perhaps AI code-reviewers can restore the balance, but I don’t know how many project maintainers would trust their codebase’s integrity to them (yet).

New Power Banks Released By BMX With Safer Semi-Solid-State Batteries

Posted by EditorDavid View on SlashDot Skip
From Android Authority:
Singapore-based BMX has announced that its SolidSafe magnetic power bank lineup, first showcased at CES 2026, is now available for purchase through its website and Amazon US, with prices starting at $59. What sets these power banks apart is their use of semi-solid-state batteries. Traditional lithium-ion and lithium-polymer batteries rely on liquid electrolytes to move energy between electrodes. Semi-solid-state batteries significantly reduce the amount of flammable liquid inside the cell, improving thermal stability and lowering the risk of overheating, swelling, or fire…

BMX says the power banks are designed to remain stable under extreme conditions and show greater resistance to physical damage and thermal stress than conventional battery packs. The company has also launched the SolidSafe Air, a 5,000mAh magnetic power bank that it claims is the world’s thinnest semi-solid-state Qi2 power bank… BMX is positioning the device as a travel-friendly alternative for users who want added safety and the convenience of a magnetic battery pack without the bulk.
Thanks to long-time Slashdot reader destinyland for sharing the article.

bmx

By fluffernutter • Score: 4, Funny Thread
I hope the BMX comes with wheel pegs and monster claw pedals!

Re:First post!

By arglebargle_xiv • Score: 5, Informative Thread

It’s not solid-state, it’s pseudo-solid-state, also known as marketing-solid-state.

Unfortunately the web site doesn’t specify which of the pseudo-solid-state technologies it uses.

Teen Social Media Bans Risk Strengthening Big Tech’s Dominance, Warns Bluesky Exec

Posted by EditorDavid View on SlashDot Skip
Bluesky’s chief operating officer believes teen social media bans “risk entrenching Big Tech’s dominance,” reports CNBC:
Rose Wang, Bluesky’s chief operating officer, told CNBC on the sidelines of SXSW in London on Wednesday that the smaller open-source platform isn’t opposed to regulation but that smaller players in the industry should be protected. “I support the protection and the safety of youth… The question that we have then is at what cost? Because essentially what I’m scared of is in the long term, we’re headed to a world where there’s about three to five platforms, and extreme heavy regulation of those platforms…

“Basically the whole compliance teams of these platforms are 10 times the size of our entire team,” Wang said. “So, basically, we’re living in a world where it’s almost impossible for smaller entrants to come in and build healthier spaces.”
The article notes Bluesky had grown to 43 million users as of March, “which is still only around 10% of X’s estimated 450 million users. Bluesky has struggled to maintain popularity, and by the end of October last year, it had reportedly seen a 40% drop in daily mobile active users over the past 12 months.”

He’s right

By rsilvergun • Score: 5, Interesting Thread
Every few years Facebook faces a mass Exodus because no teenager wants to be on the same platform as their parents. The way they got around that was they just bought all their competitors or they ran them out of business or in the case of tick tock they lobbied the government to shut them down.

Removing teenagers from the pool is great for Facebook because it means they don’t have to deal with them going to their competitors and then buying those competitors or worse risking a serious antitrust enforcement action that prevents them from doing that and leads to a real competitor.

Meanwhile when the kiddies become adults they’re not going to be as uptight about being on the same platform as their parents anymore so they can be easily funneled into Facebook’s ecosystem for cheap.

Facebook could collapse almost overnight if people just stopped going to the website. They are painfully aware of that and they take measures to make sure it doesn’t happen.

They aren’t necessary wrong

By sarren1901 • Score: 5, Insightful Thread

Bluesky isn’t wrong on this but let’s be honest, the future of the Internet is going to be a locked down shopping mall. Eventually, platforms will be liable for user content and only the largest of the large will have the resources to censor it all so no ones feels get hurt. This will almost certainly kill Slashdot and other small forums.

I have always felt that if government really knew what Internet was back in the 90s, there is zero chance of the general public getting online. Now they see it as a surveillance network (which it is) but they’ll still lock it down and continue to centralize it.

Just wait for them to eventually roll out mandatory online ID, thus killing anonymity.

You reap what you sow.

By TurboStar • Score: 5, Funny Thread

Companies wouldn’t need massive compliance teams if they didn’t pursue every single dark pattern they come across. This is like burglars complaining they need lookouts after being caught too many times.

Re:How to fix social media

By Local ID10T • Score: 5, Insightful Thread

Nuke it from orbit. It’s the only way to be sure.

Re:He’s right

By karmawarrior • Score: 5, Insightful Thread

(“She’s right”. Rose Wang is a she.)

That said, BlueSky *is* Big Tech, just hidden by little marketing. Its major investors, for example, are crypto-bros. And if it wasn’t, it wouldn’t have anything to worry about, as, for example, individual Mastodon instances aren’t exactly affected by age verification laws, given most are outside the countries imposing these laws or else know their own users.

Bluesky knows full well it’s not operating a real federated service, it intends to remain the main provider of access to the network under its protocol, intends to stay a US corporation, and it’ll continue to not be cost efficient for anyone to compete with it, either as a viable commercial entity (what’s the point? nobody would switch) or on a hobbyist level.

Early Research Suggests a Path to Predict and Prevent Lung Cancer

Posted by EditorDavid View on SlashDot Skip
Scientists “have made a discovery that may help prevent some people from developing lung cancer,” reports the New York Times, noting that lung cancer “kills more people worldwide than any other cancer.”
A team of more than 80 researchers working across four continents have identified a set of proteins in the blood that accurately predict lung cancers more than five years before diagnosis. The scientists also found early evidence that an existing anti-inflammatory drug could significantly reduce lung cancer risk in people with elevated concentrations of these proteins, which they linked to inflammation. More research is needed before a test based on these proteins could be ready for use in patients. And scientists would still need to run a randomized trial to determine whether the drug prevents lung cancers. Still, outside experts said the findings, which were published on Thursday in the journal Cell, offer a promising starting point toward a long-held public health goal…

Led by Dr. Swanton, Dr. Tej Pandya, a Ph.D. student, and other researchers took a set of 48,000 blood samples from the UK Biobank and used machine learning to identify 14 proteins associated with the development of lung cancer. When the researchers looked at the presence of those proteins and also took into account a patient’s age, smoking status and history of lung disease, they were able to predict who would develop lung cancer more accurately than the best risk assessment models currently in use…

Using mouse and cell models, the scientists showed that these proteins increased when a specific inflammatory pathway was activated. Smoking and air pollution can activate that pathway. This adds to the evidence that it isn’t just genetic mutations caused by smoking, pollution or other factors that are driving lung cancers. Rather, Dr. Swanton said, the findings suggest that “smoke causes mutations and inflammation, which together cause cancer.” They also found that the signature was increased in people who later developed chronic obstructive pulmonary disease and pulmonary fibrosis, pointing to a common inflammatory environment upstream of all three diseases.

Don’t smoke

By trelanexiph • Score: 3, Insightful Thread

Seriously? They just discovered that smoking causes lung cancer? Did they tell an AI that or something?

Why is this even an article?

Re:absolute death toll vs relative death toll

By drinkypoo • Score: 4, Informative Thread

Seems like if you were sure of how that came out, you’d have gone and looked it up and had a stronger comment.

Supposedly it’s as many as “breast, pancreatic, and prostate cancer combined.” https://www.cancer.org/content…

Re:Don’t smoke

By sjames • Score: 4, Informative Thread

I guess you didn’t read very carefully. They found a marker that appears 5 years before a diagnosis and also part of the mechanism of smoking and other things causing lung cancer AND potentially how to interrupt it. That’s a good bit more than simply finding a well known correlation.

Criticisms Rise Before Vote on America’s Cryptocurrency ‘Clarity Act’

Posted by EditorDavid View on SlashDot
An upcoming vote in a few weeks on America’s cryptocurrency “Clarity Act” is “rattling Wall Street and consumer advocates,” reports CNN, with its proposal to regulate the bulk of crypto markets through America’s Commodity Futures Trading Commission. “It allows crypto companies to operate, at long last, in compliance with U.S. rules, rather than what they have been doing — essentially running their businesses within a patchwork of state and federal legal gray areas.”
Even for Jamie Dimon, the banking titan who’s not known to mince words, it was a surprising shot across the bow when he described a fellow financier as “full of sh*t.” “No one’s gonna bow down to this guy or that company,” Dimon told Fox Business last week. “This guy” being Brian Armstrong, and “that company” being cryptocurrency exchange Coinbase. The Dimon-Armstrong tension isn’t new, but it is boiling over publicly as the Senate inches closer to a floor vote on the crypto industry’s No. 1 legislative priority, known as the Clarity Act. Dimon, a longtime crypto skeptic, broadly supports crypto regulation but takes issue with a provision in the Clarity Act that would allow companies like Coinbase to “effectively pay interest on deposits… without the protection they should have.”

The spicy comment about Armstrong came after Dimon rattled off other concerns about the Clarity Act, including what he sees as its insufficient anti-money-laundering and know-your-customer safeguards that banks have had in place for decades… “If (Armstrong) takes deposits like a bank, he should have bank rules,” Dimon said in the Fox Business interview… The immediate concern from banks (and many consumer advocates) is that crypto exchanges like Coinbase would, in the grand tradition of Silicon Valley innovation, lure customers in with huge rewards and then phase those benefits out over time. Deposits in a crypto exchange are also not insured by the federal government the way bank deposits are, but that’s the kind of fine print that customers tend to overlook until it’s too late. JPMorgan Chase spokesperson Trish Wexler underscored that the bank wants the bill to pass, with some “fixes,” like prohibiting rewards on stablecoin holdings and strengthening anti-money-laundering guardrails.
Coinbase’s CEO responded in an interview with Politico:
Armstrong pointed to restrictions on rewards paid to idle cryptocurrency balances and disclosures on stablecoins as part of a handful of policies included in the bill to appease the banking industry’s requests. “I think it’d be good for the banks,” Armstrong said of the bill. “It would be great for crypto companies as well … Hopefully we can get past the absolutisms and just see if we can get this bill over the finish line.”
But CNN notes concerns about weaving cryptocurrency — “a historically self-contained financial system prone to stomach-churning booms and busts” — more deeply into America’s traditional finance infrastructure:
“It’s not just a crypto story, it’s a broad deregulation of our securities markets story,” Hilary Allen, a law professor at American University who specializes in banking and cryptocurrency, said in an interview. And that should concern everyone, Allen says, even if they have no investments at all, because “if we get a financial crisis in this space… no one comes out of that unscathed.”

Legitimizing the grift.

By Gravis Zero • Score: 5, Insightful Thread

Cryptocurrency is a waste of energy and drain on the economy. Nothing of value is produced because it’s all a grift.

Wary of this administration

By Anonymous Coward • Score: 4, Insightful Thread

You have to be wary (and probably weary) of this administration passing any financial laws and policies that are doing long term damage to the country and our alliances for short term games for one individual.

We have sold the country out and are doing nothing about it but sitting back and hoping an adult will step in. And they haven’t at this point, it’s clear that nobody will be doing this.

The country is sold out. The reputation is damaged. America will never again be a leader or a beacon of hope. Instead, it will be even harder to believe that can ever truly happen because the giant fell. The trust is gone. Fascists can point and laugh at America and tell their citizens any such dream of freedom and equality IS A LIE because of us. We have armed our opponents with the most powerful weapon. Our defeat at our own hands.

NO FAKE CURRENCY

By DewDude • Score: 4 Thread

Pretty soon you won’t know how worthless which currency you have is. You’ll just know you won’t be able to afford shit at some point.

Crypto is a grift. Plain any simple. Anyone who says otherwise is no better than someone who defends a thief.

We have fake currency already.....ever since we went off the gold standard. IF you want to destroy consumer confidence and destroy buying power, unregulated bullshit is it.

He’s missing the point

By battingly • Score: 4 Thread

The sole purpose of this bill is to increase the value of our dear leader’s investments in crypto.