For background on KYC in the banking context @patio11's podcasts and essays are worth consuming:
Patrick: Yes, so "Know Your Customer" (KYC) and "Anti-Money Laundering" (AML)
are mandatory elements of the international compliance regime that have been
in place in the United States since the early 1980s. Over time, this regime
spread globally, largely fueled by the U.S. leveraging the dollar as a tool
of foreign policy—a point where I find myself agreeing with critiques from
the crypto community. Their complaints about this are largely accurate. You
can see this clearly in the documents as these laws were passed and as
supranational bodies increasingly tightened regulations on banking secrecy
havens.
Reading this line in Lopp's article: "FCC even asks whether providers should consult lists of terrorists, terrorist organizations, and “criminal persons” maintained by law enforcement entities," brings to mind McKenzie's work describing the outsourced role of NGO's in vetting banking customers.
An interesting substory that is simultaneously reminiscent of the Fogbank story and how Hayek's "curious task" is much more broadly applicable:
There is a good cautionary tale here from the Space Shuttle era. That vehicle
had heat resistant tiles that had to be attached to the aluminum belly of the
orbiter. A special cloth had been certified for wiping the aluminum clean
before applying the primer that securely bonded the tiles to the metal. After
years of uneventful use, tile engineers discovered that new replacement tiles
were no longer curing properly.
A careful investigation revealed that the supplier of that special cloth had
changed the lubricant used in the machine that sews its hem. Minute amounts
of the lubricant were being deposited on the stitching, and enough of that
residue was getting on the aluminum skin to prevent the tile adhesive from
curing properly.
In medical device manufacturing you have systems in place that your vendors have to disclose changes to their manufacturing process that hopefully can catch stuff like this before people die. I can see how minute stuff gets easily passed off as not an important change.
Especially if the real change is a couple levels separated from the problem. For instance, I can imagine a situation where the manufacturer of that "special cloth" didn't even change anything themselves, but their lubricant supplier silently changed the formula of their sewing machine oil. (Or maybe even that one of the suppliers to the lubricant company changed something - it's turtles all the way down.)
Yes, you would also audit the quality system for your suppliers to confirm they are sufficiently controlling for upstream changes. In theory you can have all your ducks in a row.
"In theory" is doing a lot of heavy lifting there. ;)
Depending on the product and quantity, you can factor your purchase price level times 2-10 for every level of sub- and sub-sub-supplier you want to have audited to your "wacky spec" - which may even still sound kinda reasonable, until you realize your attack surface is basically fractal to the n-th degree. The amount of process steps and auxiliaries used in manufacturing is absolutely staggering.
Edit: I need to add this depends a lot on the sector. There's useful certificates for a lot of industries, if you choose to believe them.
“The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.”
Intended as a warning against command economies and centralized structures more generally, because the information-processing requirements are much larger than one might expect. But of course there are few things more central-planning than a space programme.
In this case a broader reading is an exhortation to guard against intellectual hubris. Through its various trials NASA seems like a good organization for learning from error and not accepting easy answers (except when they have to terrible results), and in this siloxane story I'm glad to see evidence of institutional curiosity that I could not have drempt up.
> I first came into contact with this high-cost/low-quality problem as a student
The challenge with this perspective is that it focuses on monetary cost (what I have to pay to take a class) instead of positioning knowledge transmission repositories within a value framework.
Enforcement is right of boom, essentially a safety net for the negative external affects of a person having already made a series of choices that resulted in an enforceable outcome. My impression from the thread is a query to identify the things that can prevent an enforceable outcome in the first place.
While one might say strict enforcement would discourage particular behavior choices. I would not disagree and add that suppression of behaviors is not as effective as replacement of behaviors.
My kid is using a webcam based head tracker with a combat flight sim of some sort. You don't want to move your head too far since you are looking at the monitor right? It works kind of like mouse acceleration where if you move your head quickly, it changes perspective further.
The good reason is that there are plenty of third party boards that already offer what you want. There’s very little to be gained by an ‘official’ one. The next one probably should have C, if just because it is the Euro standard, but no urgent need to backport.
I don't need a Pico or any other 3rd party board. I drop SC-1511/12s packages on my PCBs as needed.
What I am saying is that the reference board for an RP2350 should have a USB-C port in 2026. It's not aesthetics or even convenience (and it's definitely not price) so much as establishing best practices for how a part should be used.
A big part of that is to acknowledge the context in which a part exists, and in this case, it's both a fact and a very good thing that the world has embraced USB-C. It's even being regulated in many cases.
I'm not saying that you can't smoke, just that maybe you shouldn't do it when you're volunteering as a Big Brother.
While we're at it, their reference board also doesn't have a reset button, it just has one for boot. It's perhaps one of the most inconvenient official dev boards I've ever used in modern times.
Memorizing binary would certainly revamp the A in STEAM.
STEAM takes STEM education a step further by integrating “Arts” into the
acronym, encompassing language arts, drama, graphic design, visual arts,
music, and new media.
> If a local district starts losing funding, then it would have to close / shrink schools, and people from outside the educational system would be allowed to establish independent (secular) charter schools within the district.
K-12 education funding is strange. It has social welfare like elements like an entitlement, but is provisioned as a conditionally compulsory service like a jail.
It suffers from similar cost/benefit illegibility as healthcare, with its triangulation of patient, provider and payor, only remove decision making from the patient and on the provider side add local politics to upper management and union rules to workers.
Maybe that it works at all is testament to people caring about kids.
https://www.bitsaboutmoney.com/archive/kyc-and-aml-beyond-th...
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