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Cake day: August 24th, 2023

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  • You’re leaving off the part that NASA was wanting to incentivize private space companies. They opened up a competition to win some contracts and SpaceX wanted them. A requirement was reaching orbit. They succeeded, so they won some contracts.

    It’s not like NASA just out of the blue decided to save SpaceX after Musk used the last of his money. They made an open offer, SpaceX fought for and won what they got. If that 4th rocket had failed, they’d have been toast, but it didn’t.

    Edit: I guess I should add that SpaceX protested NASA when they did a sole source contract and NASA quickly revoked the contract, which led to NASA creating the program they then competed in. And if you think this is a bad thing its generally not. Sole source contracts aren’t competitive and will usually cost the government more. Ultimately that company they chose went bankrupt.




  • The Biden administration’s $42.45 billion BEAD program prioritizes fiber optics for rural broadband, but Starlink has been excluded for failing to meet performance standards.

    This is a wild misrepresentation of what happened with starlknk and the broadband funding.

    SpaceX won the deal where the metrics were ABC by year 2025 ( I think 2025 but maybe later)

    In year 2022 or something like that, they did some tests, it wasn’t at 2025 goals, and were like nah, you aren’t gonna make it and revoked it.

    No one else had that done to them. It’s not like the fiber companies had laid their fiber yet to all the areas and they said oh you haven’t done it all yet? Finding pulled!

    I don’t even know if a single house had been connected to fiber yet from that funding, while starlink had connected many thousands and was improving.














  • Lots of companies (edit or parts of their products) have pulled out of the USA due to the lack of clarity in crypto rules. Many have been served with wells notices with the SEC claiming their breaking laws around securities, forcing settlements or making companies fight to stand up for not being a security. The ETFs took years to get approved, and it really only happened because a judge told the SEC to fuck off this year.

    The US has been crippling the US crypto industry for years. Whatever you see is happening in spite of that.

    Fuck Trump, but crypto regs are fucked in the US. Also fuck any crypto person who voted for Trump because of this. Even if he does what he says here, it’s not worth it

    Just yesterday an appeals judge finally ruled that a smart contract without admin keys (immutable code) is not property, while people are in jail or being jailed over writing them and being considered the owners.

    Edit: and even with the ETFs approved, the SEC still isn’t allowing the providers to offer them how they want. E.g they can’t stake part of the ethereum they hold to provide yield/interest even though it’s baked into how these blockchains work with proof of stake.