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Being Short and Right Can Be Bad - Bloomberg
In a sense, the flimsier a company is -- the more it relies on transparent fakery and thin float to rapidly create a multibillion-dollar valuation -- the riskier it is to short it. And if it's too hard to short the flimsiest companies, then you'll keep seeing ridiculous stories about flimsy companies with those huge valuations.

You do not quite get the benefits of trustless decentralization and seamless movement of commerce if each shipping company builds its own proprietary blockchain.

Oh man, I hope they whipped out a laptop and showed the SEC staff all the actual working platforms that use functioning crypto tokens. "Look at this widely used network in which participants regularly buy goods and services using a crypto token," I hope they said, "and look how stable and non-speculative the price of that token is." I hope the screen was blank, and the venture capitalists had a glassy-eyed faraway look. I hope the SEC patted them gently on the heads and said "of course, of course."

Um! Cavicchia was eventually forced out because he spied on a different internal spying effort (an investigation into who had leaked information about JPMorgan's electricity manipulation), which ... also um!
levine  blockchain  crypto  palantir 
april 2018 by elrob
Palantir Knows Everything About You
This is so fucking dystopian:
Operation Laser has made L.A. cops more surgical — and, according to community activists, unrelenting. Once targets are enmeshed in a [Palantir] spidergram, they’re stuck.

Manuel Rios, 22, lives in the back of his grandmother’s house at the top of a hill in East L.A., in the heart of the city’s gang area. [...] He grew up surrounded by friends who joined Eastside 18, the local affiliate of the 18th Street gang, one of the largest criminal syndicates in Southern California. Rios says he was never “jumped in”—initiated into 18. He spent years addicted to crystal meth and was once arrested for possession of a handgun and sentenced to probation. But except for a stint in county jail for a burglary arrest inside a city rec center, he’s avoided further trouble and says he kicked his meth habit last year.

In 2016, Rios was sitting in a parked car with an Eastside 18 friend when a police car pulled up. His buddy ran, pursued by the cops, but Rios stayed put. “Why should I run? I’m not a gang member,” he says over steak and eggs at the IHOP near his home. The police returned and handcuffed him. One of them took his picture with a cellphone. “Welcome to the gang database!” the officer said.

Since then he’s been stopped more than a dozen times, he says, and told that if he doesn’t like it he should move. He has nowhere to go. His girlfriend just had a baby girl, and he wants to be around for them. “They say you’re in the system, you can’t lie to us,” he says. “I tell them, ‘How can I be in the hood if I haven’t got jumped in? Can’t you guys tell people who bang and who don’t?’ They go by their facts, not the real facts.”

The police, on autopilot with Palantir, are driving Rios toward his gang friends, not away from them, worries Mariella Saba, a neighbor and community organizer who helped him get off meth. When whole communities like East L.A. are algorithmically scraped for pre-crime suspects, data is destiny, says Saba. “These are systemic processes. When people are constantly harassed in a gang context, it pushes them to join. They internalize being told they’re bad.”
palantir  surveillance  privacy  precrime  spidergrams  future  la  gangs  justice  algorithms  data-protection  data-privacy  policing  harrassment 
april 2018 by jm
Twitter
RT : 🔥PALANTIR🔥

Fmr client: "Nefarious ideas became trivial to implement; EVERYONE's a suspect, so we monitor…
Palantir  from twitter
april 2018 by joshd
Palantir Knows Everything About You
Peter Thiel’s data-mining company is using War on Terror tools to track American citizens. The scary thing? Palantir is desperate for new customers.
surveillance  privacy  US  palantir  dataprotection 
april 2018 by corrickwales
Palantir Knows Everything About You
Peter Thiel's data-mining company is using War on Terror tools to track American citizens. The scary thing? Palantir is desperate for new customers.
privacy  palantir 
april 2018 by daniel.zappala
Palantir knows everything about you • Bloomberg Businessweek
Peter Waldman, Lizette Chapman, and Jordan Robertson offer a huge rundown on Peter Thiel's data-gathering company, which does work mostly for law enforcement and finance (it seems); this little example from Los Angeles where the LAPD is using its "Gotham" system points to the problems:
<p>In 2016, [22-year-old Manuel] Rios was sitting in a parked car with an Eastside 18 [gang] friend when a police car pulled up. His buddy ran, pursued by the cops, but Rios stayed put. “Why should I run? I’m not a gang member,” he says over steak and eggs at the IHOP near his home. The police returned and handcuffed him. One of them took his picture with a cellphone. “Welcome to the gang database!” the officer said.

Since then he’s been stopped more than a dozen times, he says, and told that if he doesn’t like it he should move. He has nowhere to go. His girlfriend just had a baby girl, and he wants to be around for them. “They say you’re in the system, you can’t lie to us,” he says. “I tell them, ‘How can I be in the hood if I haven’t got jumped in? Can’t you guys tell people who bang and who don’t?’ They go by their facts, not the real facts.”

The police, on autopilot with Palantir, are driving Rios toward his gang friends, not away from them, worries Mariella Saba, a neighbor and community organizer who helped him get off meth. When whole communities like East L.A. are algorithmically scraped for pre-crime suspects, data is destiny, says Saba. “These are systemic processes. When people are constantly harassed in a gang context, it pushes them to join. They internalize being told they’re bad.”</p>


You don't finish this thinking that Palantir are on the up and up.
privacy  surveillance  palantir 
april 2018 by charlesarthur
Twitter
🔥PALANTIR🔥

Fmr client: "Nefarious ideas became trivial to implement; EVERYONE's a suspect, so we monitor…
Palantir  from twitter_favs
april 2018 by freerange_inc
Palantir Knows Everything About You
More on Palantir, interesting on it's use inside Finance orgs and SF police. As ever full of over-matching and people trapped by big data.
privacy  palantir  peter-thiel  surveillance  big-data 
april 2018 by mr_stru
Palantir Knows Everything About You
an undercurrent of this that occurred while i read -- in the same way that cops now show up to black lives matter protests in surplus military gear and tanks, here is a story about tools designed to fight a war, being deployed domestically by employers against their employees and by police against citizens, nearly two decades into this endless war.

also this paragraph is amazing:

> As Thiel’s wealth has grown, he’s gotten more strident. In a 2009 essay for the Cato Institute, he railed against taxes, ­government, women, poor people, and society’s acquiescence to the inevitability of death. (Thiel doesn’t accept death as inexorable.) He wrote that he’d reached some radical conclusions: "Most importantly, I no longer believe that freedom and democracy are compatible." The 1920s was the last time one could feel “genuinely optimistic” about American democracy, he said; since then, "the vast increase in welfare beneficiaries and the extension of the franchise to women—two constituencies that are notoriously tough for libertarians—have rendered the notion of 'capitalist democracy' into an oxymoron."
privacy  surveillance  palantir  algorithmic-bias  algorithmic-abuse  lapd 
april 2018 by tarakc02
Palantir Knows Everything About You
Peter Thiel's data-mining company is using War on Terror tools to track American citizens. The scary thing? Palantir is desperate for new customers.
privacy  surveillance  palantir 
april 2018 by geetarista

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