Does the movement of money increase when foreign aid is distributed? If you were to assume the proposition of the proponents of cryptocurrency that it works in a manner similar to money, wouldn't the evidence provided here also support the conclusion that it is working as intended?
If you can imagine a valid world in which a measure is an indicator of a property and also imagine a valid world in which the same measure is an indicator of its inverse, all you have done is proven that the measure cannot be used to determine the truth of the property.
It is common to hear phrases such as "Mr 10 percent" as a reference to powerful leaders in various countries. For instance, Pakistan President Asif Ali Zardari is called "Mr 10 percent". 10 percent cut from every contract. This is not unique to Pakistan. In India, many regional party leaders (basically, they and their family own the political party) want 20 percent cut.
The corruption elsewhere is of different order. In US, one can bid up four times normal, one at least delivers the quality. Elsewhere, roads fail, buildings fall, bridges collapse, pipes burst upon the first use, ...
I know nothing about crypto, but wasn't one if its selling points that its "digital gold" for people without stable fiat currencies?
You send aid to a drought-stricken farmer to some sub-saharan region with ample cheap data but no (stable) banks, how...are they supposed to store the money?
Why does literally every single item on Hackernews have some replyguy screaming about clickbait? Is there therapy for that? Do you understand how headlines work? What part of 2 to 6 looks like "not an estimation"?
Edit: HN title used to be "Around 2-6% of World Bank foreign aid got siphoned into crypto wallet"
Original post: While you're being rude and it would be worth cutting the first half of your comment, that's a good point that "2-6%" is still clearly an estimation.
Does the movement of money increase when foreign aid is distributed? If you were to assume the proposition of the proponents of cryptocurrency that it works in a manner similar to money, wouldn't the evidence provided here also support the conclusion that it is working as intended?
If you can imagine a valid world in which a measure is an indicator of a property and also imagine a valid world in which the same measure is an indicator of its inverse, all you have done is proven that the measure cannot be used to determine the truth of the property.
It is common to hear phrases such as "Mr 10 percent" as a reference to powerful leaders in various countries. For instance, Pakistan President Asif Ali Zardari is called "Mr 10 percent". 10 percent cut from every contract. This is not unique to Pakistan. In India, many regional party leaders (basically, they and their family own the political party) want 20 percent cut.
When one hears 2-6%, it is just the floor.
Don’t need to look that far. The person in the White House is doing the same thing.
The corruption elsewhere is of different order. In US, one can bid up four times normal, one at least delivers the quality. Elsewhere, roads fail, buildings fall, bridges collapse, pipes burst upon the first use, ...
That's quite optimistic. How many months of further development does a deal usually need to have something sizeable that can collapse?
If they are built at all.
When was the last time the US built anything at all?
We did just break ground on the new tunnel from NJ to NYC for trains. We'll see how that plays out in the next 1-2 decades.
This is relevant:
https://theleahfiles.substack.com/p/the-currency-killer-part...
Did you know Tether (cryptocurrency company) is in the top 20 USD treasury holders, more than most countries?
And Lutnick is the manager of those funds, or his sons are, silly mistake because he divested completely.
I know nothing about crypto, but wasn't one if its selling points that its "digital gold" for people without stable fiat currencies?
You send aid to a drought-stricken farmer to some sub-saharan region with ample cheap data but no (stable) banks, how...are they supposed to store the money?
World Bank doesn’t typically give money to people. They fund development projects.
>They fund development projects.
So they fund wages among other things?
This. All the perverted incentives and money wasting inefficiency of federal grant funded local projects but for poor brown people half a world away.
Crypto was DoA as the architect had a delulu view of humanity.
So the best realistic alternative is what, AWS IAM for autonomous economic actors?
From this exact blurb:
> We estimate an implied leakage ...
So the estimation became almost a fact in the title? What's the equivalent of clickbait in papers?
The rest of that sentence:
> ... of 2 to 6 cents per aid dollar, which amounts to roughly 1.7 to 4.4 billion dollars of aid diversion across the tranche arrivals we study.
This submission is not following HN news for submission titles.
This isn't a clickbait in the paper, but by the submitter.
Why does literally every single item on Hackernews have some replyguy screaming about clickbait? Is there therapy for that? Do you understand how headlines work? What part of 2 to 6 looks like "not an estimation"?
Edit: HN title used to be "Around 2-6% of World Bank foreign aid got siphoned into crypto wallet"
Original post: While you're being rude and it would be worth cutting the first half of your comment, that's a good point that "2-6%" is still clearly an estimation.