The purpose of blockchains is to establish unchangeable records of digital assets without any trusted party. "Unchangeable" sounds good to prevent fraud, so some county recorders who seem to understand nothing about the law or technology, like Cook County's Karen Yarbrough, who thought blockchain made sense for government deed records, try to force blockchains onto physical property. But even on its face, this application of blockchains makes zero sense and only exists to appeal to the unwitti...
Forgiving Student Debt Doesn't Create Value
April 06, 2022There's a lot of talk about student debt forgiveness. (And not the forgiveness of PSLF for public service.) On the campaign trail Biden promised to forgive $10,000 of each student loan debtor, although this promise has seemingly been broken. Currently he's just extending Trump's pause, seemingly waiting for elections to pass. People who are further left even want a one-time forgiveness of all student loan debt.
Student loan debt is a huge issue. Currently public student loan debt totals...