You could say the same thing about Eurodollars-- "US Dollar" denominated assets that are held in banks outside the United States and not subject to US Bank regulations. The size of this market is more than 10x all of crypto.
The title is a bit of an exaggeration. Withdrawals above that are not banned, but subject to a 5% fee. Also, it is not a new rule but a lowering of the limit of an existing rule.
Not true in Nigeria…if you use an ATM from the same bank you hold your account, you won’t be charged any fee. If you use another bank’s ATM, you’ll be charged a flat fee of 35 naira ($0.08).
Wouldn’t the 5% be on top of an ATM? Plus a regular cash user (not a trapped tourist) is going to be using a free one or withdrawing for free from a teller.
The introduction of bail-ins after the 2008 crisis is also worth mentioning here. For instance, "47.5% of all bank deposits above €100,000 were seized" during the Cypriot Financial Crisis 2012-2013 [1].
Stand alone AI bots are only one part of the problem. Actual humans could use AI to assist what they post, especially if there is a financial reward involved. For example, a popular youtube account of a real human could leverage an AI model to reply to user comments on the videos in an almost super human way. Another example is recruiter and salespeople spam, where tools already exist to make automated, machine generated messages that seem personalized.
This model is not learning, but the transcripts being farmed at scale are for sure being used (with human assistance and control) for building the next models. I don't think the kind of exploit of the microsoft bot is possible, however the next model might give a superficial appearance of being safer, since the transcripts we are given OpenAI of us trying to outsmart the model will be used to train it further.
If it is, it may not be soon. I have never been a fan of these app stores. I like a gatekeeper making sure malicious content doesn't get on our devices, but there should be the option to easily use other stores without jailbreaking the device.
A simple answer is that it is a highly effective tax. It dilutes our purchasing power and channels the upside of that dilution to those who control the money supply (or those close to those who control it [0], or own dollar denominated debt. I do not think a government would be willing to give up a tax opportunity, especially if it is not politically objectionable.
