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Ape Mithrandir
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I could read PKD's "Do Androids Dream of Electric Sheep" every single night because it is only 210 pages long!

I agree you shouldn't move in and out of Monero via BTC but mostly because of the privacy failings of Bitcoin. If you convert BTC to XMR it should be with the intention of keeping it as XMR and spending it, taking advantage of the improved spending privacy that XMR affords.

I was talking about the US and also talking about skilled and high paid workers for which the H1B targets.

Most of these hires are devs getting paid 100s of thousands, very far away from the minimum wage.

They create immense value for the tech companies they work for probably on the order of millions per employee, for which the tech companies will try to share as little as possible with the worker.

Across all employees tech giants generate $1-2m in revenue per employee but a large number of those employees will be lower wage lower impact employees, so the high impact devs will be generating much more than the overall average in terms of revenue per high impact devs.

While very opaque to outside observers (and even the employees), the tech firms have all the data to calculate with reasonable accuracy the revenue impact per employee. Unless that employee is very aware of their value to the company, it will be challenging for them to argue for more salary or make viable and effective threats to leave if they don't raise their salary.

Very often absolute highest impact employees for tech giants will be getting screwed the most as a percentage, in spite of getting paid huge salaries in the millions.

Tesla (and all the other big Techs) would have to pay 30% more for American Workers, which would eat into corporate profit margins.

Great for when US companies don't want to pay the going rate for American workers. They can import cheaper foreign workers, who will work longer hours for less pay and not complain.

If the company pairs this employment contract with a nice long non-compete, the company gets a super loyal employee. If the employee tried to switch they wouldn't be able to, as the visa would expire before the non-compete.

From nostr:npub1wl39ydk5rpecvtrzhq67afl9ykn2ty2xdxdkfmyan0rss3f3ma5sndznlx:

The Crypto Asset Reporting Framework – what does this mean for Bitcoin in the UK?

How will it affect your personal safety and security if it’s implemented as planned?

We have today released a research paper and delivered this to HMRC with commentary on recommended changes to the draft legislation.

What’s being proposed? Under the Crypto Asset Reporting Framework or CARF, it’s proposed that tax authorities worldwide will gather and have access to information on cryptocurrency transactions, allegedly to combat tax evasion and ensure compliance with tax laws.

What’s wrong with it? The amount of personal and transaction data that will be gathered and shared is truly staggering. This won’t just be shared with your domestic tax authorities, but with others across the globe. It will include your name, address, date of birth, amount of Bitcoin held or sold or transferred. This is a highly dangerous level of intrusion into your personal and private life, particularly given the increasing frequency of data breaches (examples in our paper) and also the risk of violent physical attacks against Bitcoiners whose details are leaked to or obtained by bad actors. Additionally, the UK’s new draft regulations fail to make clear that none of these reporting requirements will fall upon the developers of free and open source software, as such persons cannot be in a position to comply.

How should it be changed? We recommend two simple changes – that the information being gathered on Bitcoin and cryptocurrency users is severely limited and in a way proportionate to the high risk of personal harm, and that the regulation clarifies that it cannot and shall not apply to the developers of free and open source software.

More details on our SubstackπŸ‘‡

https://bitcoinpolicyuk.substack.com/p/the-cryptoasset-service-providers

#DontRiskItBisqIt

#KYCNotMe

The UK doesn't have freedom now and never has. That's why the colonies had to break off.

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