GM 🌞
"The price of everything is the amount of life you exchange for it. "
–Henry David Thoreau
JeffG
JeffG
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Secure messaging on Nostr. Creator of Marmot protocol, MDK, and White Noise. Other stuff connoisseur. Also built Listr, Ostrich.work, Ontolo, Nostr.how.
In 2024, "US financial institutions spent $59 billion on compliance while filing 27.5 million reports on customers, but that only tipped off 370 investigations."
Setting aside the horrific privacy implications for a moment; it's insane how bad the Bank Secrecy Act is at catching criminals while being simultaneously amazing at wasting money.
The Rage
Rep. Lynch is Wrong on the Bank Secrecy Act
The Massachusetts Congressman claims the BSA is "highly useful" to combat terrorism. The data says otherwise.
GM 🌞
I know OpenClaw is at peak hype right now but I've been around enough of these that I feel confident saying that it really does feel like a major phase shift.
Proceed accordingly.