“But the Trumpian part is that even though, or perhaps because, it may be part of a Trump scam, Knight now too may be on the hook for $175 million as it won’t automatically get out from underneath its own proffered surety.”
Hankey, a billionaire, has already said that his company will be able to post the money for Trump.
He was reacting to a comment on X by lawyer Dave Kingman, who wrote that Knight will not be able to post the $175 million.
“Understand that Knight Specialty has a problem. This bond cannot be approved. Under the CPLR [Civil Practice Laws and Rules] the surety will remain obligated under the bond until a replacement bond is filed. Trump is unlikely to get a replacement bond. Knight Spec will be liable AND Trump won’t have a stay [on enforcement],” he wrote.
DISCLAIMER: This is a complete tangent from comments on the original post, but the original post is likely garbage anyway so I’ll just go with it.
I don’t know why people think that creating a copy-cat version of Reddit with “federation” will do much of anything to solve the problems with online “communities”.
The problem with Reddit may have been partially the for-profit corporate part, or the admins, etc but it was definitely not exclusively those things.
Every single online “community” that has popped up since Web 2.0 has versions of the exact same problems. Maybe they’re difficult to solve inherently, but I am not sure because it seems like everyone just creates the same site structure and I think at least some of it has to do with the structure.
Is there anyone trying to not make the next Twitter, Facebook, Instagram, TikTok, or Reddit? Someone that’s trying to actually make something different? Like something useful or with a fundamentally better moderation model? Because if so maybe I should waste my time on that instead of these copycat platforms.
It’s not just “they’re bots” or “they’re Russians” either…because Nextdoor has a pretty stringent verification policy, is based around localities, and it’s still essentially Facebook for NIMBYs.