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Joined 2 years ago
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Cake day: July 5th, 2023

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  • First, this post is about social security disability insurance, SSDI, not social security retirement benefits. The disability fund is paid into by current workers to pay the benefits of currently disabled people, which may or may not have worked previously. Someone born disabled receives benefits as an adult even if they’ve never contributed.

    Second, your statement isn’t valid for SS retirement benefits either. Current SS taxes pay the benefits of current SS recipients. The taxes have never been saved to pay for future benefits. The more you pay in the more credits you receive for your future benefits, but nothing is actually saved on your behalf. If benefits are reduced, it’s not your saved money you’re being denied… it’s a promise being denied.



  • The need for privacy in crypto is significant and a hinderance to wide adoption. With most crypto if you send me money once I then know your wallet address and I can then look up every transaction you’ve ever made with that wallet and every future transaction you make later. Clearly that’s a problem.

    The fact that criminals are more motivated by privacy concerns doesn’t reduce the need and expectation of privacy for the rest of us.