Patrick McKenzie Profile picture
Aug 4, 2019 3 tweets 1 min read Read on X
Someone could do a brisk business with a SEOified website answering How Do I Get A Copy Of My X for all the relevant Xes and try to get a referral fee for all the various players that will charge for getting an X, either because they custody X or because they’re the expediter.
Think how much search traffic there is for birth certificates, certificate of good standing, etc etc for every conceivable jurisdiction and every user-provided misunderstanding of what the actual document is.
E.g. “You can get a document confirming your Japanese status of residence, often incorrectly referred to as a Japanese visa [a word which the Ministry of Justice’s official docs will never use about this document], by ...”

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More from @patio11

Feb 21
SBF has a new interview out, conducted from prison. It is... unbelievable, at points.

Highlights include:

* Strong direct statement of his innocence.
* Accusing prosecution and judge of policitized process, analogising to experience of President Trump, apparent maneuvering to secure clemancy.
* Implied rationale for prosecution: his donations to Republicans.
* Expressions of frustration that S&C/John Ray III didn't collaboratively receive balance sheets and other business records from him and rather set about reconstructing them, which he claims delayed recovery and cost creditors substantial amounts of money in e.g. legal fees.
Read 7 tweets
Feb 17
Me: Ah a nice relaxing Monday where I can finally get some work done.
DOGE: Have you ever heard of checks?!
Me: %{*]% it.
Me: I don’t do partisan politics.
Twitter the Sumerian bird demon: Got it.
Me: Which is why I work in a painfully boring infrastructural field.
Twitter: Oh sure.
Me: That no one hates each other over.
Twitter: Yeah.
Me: So just writing the truth won’t summon a mob.
*curse starts*
Why does the government send a lot of checks? Principally because it is the easiest payment method in the U.S. to coordinate over multi-year timescales without needing to constantly re-coordinate updates with the payee on how they get their money these days.
Read 22 tweets
Feb 14
Friendly neighborhood Dangerous Professional advice:

If you are ever at a meeting taking notes, and someone at the meeting expresses umbrage that notes are being taken of the meeting, and this is routine notetaking for this genre of meeting, …
… you should absolutely want to keep physical control of those notes, and you should prioritize that over social pressure you may perceive, and you should update very aggressively against the umbrage-taker as being likely up to no good.
You should also, immediately after the meeting, document the fact that you were taking notes at a meeting and asked to stop, and that you felt in that moment this ask was extraordinary.
Read 17 tweets
Feb 10
Since the printing press, it was injurious to reputations to have something untrue said at scale.

We should have adopted more care about this after it became habit in society to Google someone's name and Google started weighting institutions highly.

The opposite happened.
And now we're standing on the precipice of another revolution in user behavior caused by a technological substrate almost unimaginable earlier: there will be a presumptively authoritative answerer of almost every question, in almost every pocket, and many places besides.
It behooves us as individuals to care what that alien mind thinks about us, because it is going to be consulted actively and passively even more than Google is.

And it behooves us, as society, to exercise some care in what we put into the training set.
Read 9 tweets
Feb 6
Per CoinDesk (and thanks @Bitfinexed):

Lutnik, to Senate: “Cantor Fitzgerald is not conducting continuous diligence on Tether’s financial statements, but I believe my [much stronger endorsement] statements were accurate when made."

Was wondering when walk-back would happen.
Lutnik, who was the CEO of Cantor prior to more recent adventures, previously attempted to dispel long-time doubts about Tether's... everything by vouching for them.

At the time, the open ended nature of the vouching struck me as out of the ordinary.

Oh, CoinDesk reporting on the hearing:

coindesk.com/policy/2025/02…
Read 8 tweets
Jan 30
Robinhood talks a good game about democratizing access to investing but product- and marketing wise runs a casino that is licensed as a broker/dealer.
PDT stands for “pattern day trading” and the PDT rules were imposed after the Dot Com bubble to decrease risk to both small-dollar retail users and the brokerages that accept their business from day trading.
PDT only applies to accounts with less than $25k of capital, i.e. smallest retail traders. You get a mark every time you have trades in two directions in same symbol in a day. Buy and sell Microsoft on same day, for example, one mark.
Read 7 tweets

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