DD
MM
YYYY

PAGES

DD
MM
YYYY

spot_img

PAGES

Home Blog Page 4686

The Blackstone’s Ratio

0

“It is better that ten guilty men should be set free than one guilty man to be convicted”.

Before we go down to the philosophical principle of this theory, let us first take it into consideration the fact that this theory had its root in the Bible.

In the book of Genesis 18 v 23-32 (KJV), this conversation ensued between Abraham and the Lord God:

And Abraham drew near, and said, Wilt thou also destroy the righteous with the wicked?

Peradventure there be fifty righteous within the city: wilt thou also destroy and not spare the place for the fifty righteous that are therein?

That be far from thee to do after this manner, to slay the righteous with the wicked: and that the righteous should be as the wicked, that be far from thee: Shall not the Judge of all the earth do right?

And the Lord said, If I find in Sodom fifty righteous within the city, then I will spare all the place for their sakes.

And Abraham answered and said, Behold now, I have taken upon me to speak unto the Lord, which am but dust and ashes:

Peradventure there shall lack five of the fifty righteous: wilt thou de- stroy all the city for lack of five? And he said, If I find there forty and five, I will not destroy it.

And he spake unto him yet again, and said, Peradventure there shall be forty found there. And he said, I will not do it for forty’s sake.

And he said unto him, Oh let not the Lord be angry, and I will speak: Peradventure there shall thirty be found there. And he said, I will not

do it, ifI find thirty there.

And he said, Behold now, I have taken upon me to speak unto the Lord: Peradventure there shall be twenty found there. And he said, I will not destroy it for twenty’s sake.

And he said, Oh let not the Lord be angry, and I will speak yet but this once: Peradventure ten shall be found there. And he said, I will not destroy it for ten’s sake.

In this above conversation, both Abraham and God is of the view that if there’s just one innocent person in the city, the Lord in his infinite mercy will not punish the entire city thereby also punishing the innocent, hence, it is better for ten or thousand of guilty men to go scot free than one innocent man be punished.

Williams Blackstone, a Law Lord, and a famous English jurist borrowed this principle from the Bible and expanded it into the English legal system.

Willam Blackstone in his book; “Commentaries on the laws of England, published in 1765-1769, postulated this principle that has come to be known as the Blackstone’s ratio, also known as Blackstone’s formulation:

“all presented evidence of felony should be admitted cautiously for the law holds that It is better that ten guilty persons escape than one innocent person suffer”

Benjamin Franklin, an American jurist also adopted this principle and while introducing it into the American legal system stretched the theory and postulated thus;

It is better that a hundred guilty people should escape than that one innocent person should suffer”. 

This theory of the Blackstone ratio is what in no doubt has formed the bases of the principle on which the criminal justice system of most countries of the world is built; The principle of presumption of innocence of the accused, the principle of he who avers must prove, the requirement of a unanimous jury verdict in criminal trials, the principle of beyond reasonable doubt in criminal trials, the principle that once there’s ambiguity the court should decide in Favour of the accused all have its root in this theory of letting a guilty go scot free instead of punishing an innocent man.

This theory passes as a strong message that the government and the courts must always err on the side of caution in passing verdicts so as not to convict an innocent person. If there’s doubt or ambiguity as to the guilty or innocence of the accused, the court should apply leniency instead of punishment, ie, once there is any form of ambiguity or doubt in the legal proceedings as the innocence or guilt of the suspect, the court should err in the side of caution by presuming the suspect to be innocent and avoid convicting and punishing rather than presumption of guilt because “it is better that a guilty person escapes than an innocent getting punished”.

The defect to this theory of letting the guilty go free instead of punishing the wrong person is that it poses the philosophical question of; “will it still be better to let a serial rapist or a mass murderer or a suicide bomber etc, off the hook because the court is being lenient and extremely careful not to punish the wrong person”? 

Your answer is as good as mine but  authoritarians (who are the major critics of this theory), jurists, law lords, social psychologists, etc have all by every stretch of imagination agreed that despite the defect of this theory, it is actually better for the society to let a guilty person go free than for an innocent to be punished for a crime he did not commit.

India Not Crypto-Friendly, Tax on Virtual Assets Outrageous – Binance CEO

0

The CEO of Binance Chanpeng Zhao has disclosed that India’s outrageous tax rate on virtual assets has made the country difficult for crypto exchange platforms to thrive.

Zhao disclosed that the high tax rate on these assets, with the imposition of 1% on each transaction, has made the market nonviable for global market players, noting that it will limit the number of transactions.

He further stated that he is not the only one with such an opinion, as he has had discussions with several investors and startup founders who feel the same way.

In his words,

To be honest, I don’t think India is a very crypto-friendly environment, If you are going to tax 1% on each transaction there is not going to be that many transactions.

“A user could trade 50 times a day and they will lose like 70% of their money. There is not going to be any volume for an order book type of exchange. So we don’t see a viable business in India today.

We just have to wait. We are in conversation with a number of industry associations and influential people and trying to put some logic there adding that charging a high tax on each transaction is resulting in lower tax accumulation broadly.

“We are trying to get this message across, but tax policies typically take a long time to change. Binance goes to countries where regulations are pro-crypto and pro-business. We don’t go to countries where we won’t have a sustainable business or any business, regardless of whether or not we go.”

Recall that on February 2022, the Indian government taxed all digital assets at a rate of 30% from cryptocurrencies, to Non-Fungible Tokens (NFTs), with no deductions or exemptions allowed. Also, losses incurred from crypto transactions cannot be set off against any other income.

While commenting on the high tax rate on virtual assets, a few business experts in the country stated that the government did so to discourage crypto transactions, as there were calls for a ban with the hope that a ban would pave the way for the country’s central bank to gain control over digital money.

However, on the flip side, some expressed delight that the government’s imposition of tax on virtual assets, implies that they have taken a progressive stance on cryptocurrencies, as a majority of people especially corporates have been sitting on the sidelines due to uncertainties, as they can now trade in crypto.

But in recent months, Indian banks have sent different signals to the industry players calling for the ban of cryptocurrencies.

The crypto market in the country has no doubt become unbearable, as American publicly traded company Coinbase, earlier this year halted trading service in the country due to “informal pressure” from the Reserve Bank of India

Also, local exchanges and other crypto firms have additionally seen a sharp decline in trading volume in recent months, in part because of the local taxation law.

India however remains one of the biggest markets in Asia for cryptocurrencies and one of the fastest-growing in the world. The country has 15 homegrown cryptocurrency exchange platforms.

Between 15 and 20 million people in India are estimated to own cryptocurrencies, with holdings totaling approximately $6 billion (€5.31 billion), industry figures indicate.

However, when speculation around the proposed cryptocurrency legislation began, prices of some of the most popular digital currencies like Bitcoin, Ethereum, and Tether plummeted by as much as 25% momentarily.

How Free Spins Can Increase Your Online Casino Winning Potential

0

The best thing about gambling is that you can use free spins https://www.kingbilly.com/en-CA/games/free-spins  to boost your chances of winning. These are special bonuses offered to new and existing players. They allow you to spin the reels for free, and you can win cash prizes if you are lucky. There are some types of these promotions, and we will explain how they work and what you need to do to claim a promo.

How Do Free Spins Work

Free spins allow you to spin the reels of a slot for free. This means that you can win cash prizes without having to risk money. It is a great way to try out new games or test your luck if you are a beginner.

There are several main types of free spins:

  • A welcome bonus. This type is given to new players when they sign up at a gambling website. It may come with a certain deposit promotion, making it the most generous type of promotion.
  • Promo for existing users. It is a type of loyalty program that venues offer to keep their customers happy. You may receive them on new games or your birthday if you are a regular player.
  • A free spins no deposit bonus. It does not require depositing any funds. You can win real money using no-deposit free spins, but you must meet pretty high requirements before withdrawing the winnings. 

As there are different types of promo, there are also different conditions that apply to them. For example, some offers may be valid only for a certain period, or you may need to wager the winnings. Be sure to read the requirements carefully to know what you need to do to claim the prize.

One more thing to remember is that online casino free spins come with bet limits. This means that you cannot bet more than a certain amount on each spin. The good news is that the limit is usually high, so you can win big if you are lucky.

How to Claim Your Free Spins Bonus?

Now that you know how free spins work, it is time to learn how to claim a prize. The process is usually simple:

  1. Find an Online Casino with Free Spins in Canada. King Billy is a decent option, as it provides everything needed. With numerous promotions and a diverse gaming library, it is a perfect option for gamblers from Canada.
  2. Look for the offer. After registering, log in and go to the promotions page. You should see all bonuses, including free spins no deposit casino offers. Contact customer support if you cannot find them and ask about ongoing promos.
  3. Activate the Bonus. Once you have found the promo you want to claim, click on the “Claim” button. This will take you to the deposit page, where you must provide details and choose a payment method. Once this is done, the casino free spins in Canada will be activated and added to the account balance.
  4. Start Playing. Now all that is left to do is start playing! Look for eligible slots and spin away. Remember that there may be a maximum bet limit in place, so do not over it if you want to cash out later.

Claiming a free spins no deposit casino bonus in Canada is easy. Find a gambling website that offers free spins with no deposit in Canada, register an account, and activate the promo. Then, start playing and try your luck at winning cash prizes!

Free Spin Bonuses in King Billy Casino

Being the most generous gambling website for Canadian players, King Billy provides various promotions for new and existing customers. The platform has the following bonuses:

  • Welcome bonus. As a part of the welcome package, players can claim up to 250 free spins and a huge match deposit promo of up to $2500. The offer is spread over the first four deposits, so you will have a lot of opportunities to win.
  • Slot of the month. Every month, a different slot is chosen as the game of the month. You can receive 61 free spins for depositing $20 or more and use your bonus, spinning the best slot of the month. It is a great way to try out new slots and win big!
  • Extra weekend. Every Monday, customers of the gambling website have a chance to claim up to 25 free spins and a 25% bonus for making a deposit. It is available for Gonzo’s Quest.

Unfortunately, the King Billy casino does not provide no-deposit free spins in Canada but makes up for it with other great offers. The promotions are very generous and will help boost the balance and win big.

Also, the gaming website features many other advantages, such as a large selection of slots, table games, and live dealer options from the best providers. Users can be sure they will have a great time playing at King Billy and that their money and personal info are safe.

Conclusion

Free spins are a great way to start playing slots. You can try out new games and win real money without risks. There are many different types of free spins bonuses at an online casino, so be sure to choose one that suits your needs the best. If you are looking for a generous offer, King Billy is the perfect place. It has various promos and features a large selection of slots from top providers.

Mass Resignation Greets Musk’s “Extremely Hardcore” Ultimatum to Employees, Forcing Twitter to Close Offices

0

Hours after Elon Musk issued the “extremely hardcore” work notice, an ultimatum to work intense long hours to build a breakthrough Twitter 2.0, to Twitter employees, there has been mass resignation at the social media company.

Musk was reportedly forced to relax his ‘no remote work’ policy because several Twitter employees refused to sign his ultimatum. The situation started with the resignation of the company’s CISO, Chief Privacy Officer and Chief Compliance Officer.

“Everyone should know that our CISO, Chief Privacy Officer and Chief Compliance Officer ALL resigned last night. This news will be buried in the return-to-office drama. I believe that is intentional,” Zoe Schiffer, managing editor of Platformer, quoted a senior member of Twitter’s legal team posting in Slack.

“Twitter is a remote-first workplace, and has operated as such for years. It is a fundamental change to our employment contracts to require a 40hr a week in-office requirement. I do not, personally, believe that Twitter employees have an obligation to return to office,” the senior member of Twitter’s legal team added.

On Thursday, according to Schiffer, Twitter alerted employees that effective immediately, all office buildings are temporarily closed and badge access is suspended. No details given as to why.

Schiffer said Twitter is believed to have taken the step because Elon Musk and his team are terrified employees are going to sabotage the company. Also, they’re still trying to figure out which Twitter workers they need to cut access for.

The development has triggered concern among Twitter users that the platform, without experienced employees to run it, is on the verge of collapse. Hashtags such as GoodByeTwitter and RIPTwitter have been trending on the platform, underlining users’ fear that Musk may be running the social company aground.

Though he tweeted early Friday morning that “we just hit another all-time high in Twitter usage” and has joked about the company’s current situation using memes, Musk is understood to be uncomfortable about the situation.

Musk started his era as Twitter’s owner firing the company’s executives, including the CEO Parag Agrawal. He followed up by halving the company’s entire 7,000 workforce in an effort to cut running costs.  Musk paid $44 billion for Twitter, a price higher than the company’s actual value. The billionaire’s Twitter 2.0 agenda is thus geared toward recuperating the money he invested in the acquisition.

“Over the last 2 weeks, Elon has shown that he cares only about recouping the losses he’s incurring as a result of failing to get out of his binding obligation to buy Twitter. He chose to enter into the agreement! All of us are being put through this as a result of his choices.

“Elon has shown that his only priority with Twitter users is how to monetize them. I do not believe he cares about the human rights activists, the dissidents, our users in un-monetizable regions, and all the other users who have made Twitter a global town square,” the senior member of Twitter’s legal team said.

Advertisers halted their Twitter patronage as concern piles up about where the company is headed with the changes being introduced by Musk. The world richest man had accused activists of masterminding the boycott.

Besides the drop in ad revenue, the greatest threat to Twitter’s existence is Musk’s fight with several employees who maintained critical infrastructure at the company. The company said offices will reopen on November 21st. It however urged employees to “continue to comply with company policy by refraining from discussing confidential company information on social media, with the press or elsewhere.”

Under Musk’s ultimatum, Twitter employees who don’t sign the “hardcore” agreement by 5pm Thursday have effectively resigned. Twitter said they’ll be on payroll for 2 months and get an additional month of severance, pending a separation agreement that has not yet been shared.

With the designers leading Musk’s Blue verified project, along with the lead web engineer also out, Musk is facing the most challenging period of his Twitter adventure.

So far no Twitter employees have been deactivated — even those who’ve publicly resigned. Musk and his team only collected the list of “yes’s” — employees who said they want to be part of Twitter 2.0. They’re still trying to track who is out, Schiffer said.

Big Eyes: A Meme Coin with Excellent Price Prediction Competing with Litecoin and Pancakeswap Coins

0

The bedrock of a successful crypto project relies on 3 major foundations: formidable community, exclusivity, and utility. Big Eyes Coin (BIG) possesses these three crucial features, which indicate that the project is on the right track.

The fan bases of Big Eyes are increasing daily, and members are already broadcasting the goodwill of the project. The increased community of Big Eyes results from the project’s several utilities.

As part of its goal of providing essential human services worldwide, the Big Eyes team contributes to several noble causes. In some ways, Big Eyes has been fulfilling this goal during its ongoing presale period.

Within this period, Big Eyes has used its platform to support several charities globally. Big Eyes has already donated to four reputable charity foundations with plans to support more.

Essentially, the core architecture of Big Eyes is hosted on the Ethereum blockchain network. Hosting the Big Eyes project on the Ethereum network is to provide users with an excellent experience as they explore its ecosystem.

Some existing blockchain projects faced technical limitations like scalability, congestion, throughput, and security lapses. Big Eyes chose the Ethereum network as its host to avoid those problems on its platform.

Additionally, all projects on the Ethereum network, including Big Eyes, enjoy more optimized services. The optimization results from the successful Ethereum merge that occurred a few weeks ago.

The Ethereum merge will ensure that Big Eyes fulfills its plan of providing users with scalable, swift, and secure operations. Big Eyes can also boast of mining activities with reduced energy consumption in its ecosystem.

Big Eyes Token: More Info

The utility currency powering the Big Eyes economy is BIG, an Ethereum-based coin compliant with the ERC-20 standard. The ideal position for the BIG token is to be among the most sought-after coins in the future. Plans to accomplish this are already in motion by the Big Eyes team.

Comparing Big Eyes with Litecoin and Pancakeswap

Litecoin: A Lighter, More Agile Version of Bitcoin

Litecoin is a non-custodial peer-to-peer crypto project that works similarly to Bitcoin. Due to its unique cryptographic algorithm, many have dubbed Litecoin as the updated version of Bitcoin. People utilize Litecoin to execute cross-border transactions, make payments, and store value.

Litecoin was launched to solve several Bitcoin shortcomings. This solution includes reducing the validation period of new blocks and upholding storage efficiency.

Litecoin aims to attract more merchants to adopt its token, LTC, for payment instead of Bitcoin BTC. There are about 66 million LTC in circulation out of the maximum 84 million coins in reserve.

Pancakeswap: Efficient and Powerful

Pancakeswap is a decentralized exchange running on the BNB chain network. Pancakeswap swap facilitates the efficient swapping of coins compliant with BEP-20 standards. Major competitors to Pancakeswap are SushiSwap and Uniswap, which reside on the Ethereum network.

Pancakeswap offers numerous advantages over its competitors. For instance, the platform interface requires no complex training for beginners. Pancakeswap also guarantees anonymous, fast, and cheap transactions on its exchange.

Pancakeswap includes several earning options for users’ leverage. Its native currency is CAKE, a BEP-20 token that powers the Pancakeswap economy.

Method to acquire the Big Eyes utility token during its presale

The presale of the BIG token is a great opportunity for those eager to participate in the Big eyes launch. Start by downloading Metamask for PC or Trustwallet for mobile. Afterward, you should create a wallet account based on your choice. Please also ensure you safeguard your security details from intruders.

Using Coinbase, or any prominent crypto exchange, fund your new wallet with ETH or BNB before purchasing the BIG coin.

Once your wallet has been registered, you need to link it to Big Eyes’ official presale portal by visiting https://bigeyes.space/#signup in your preferred browser. Fill out the form with your details and the number of BIG tokens you want to purchase. Use the exclusive code: BIGE044 for exclusive bonuses!

When you have selected the payment token and checked the terms and conditions box, you can click buy to complete the purchasing process. By completing this step, your BIG token order is complete. At the end of the token presale period, you will receive the assets you purchased in your wallet.

Conclusion: BIG is One to Keep Your Eye On

Big Eyes is a special crypto project with several advantages over its peer meme token in the market that guarantees massive adoption. Buy the token now to enjoy its benefits.

 

For all things Big Eyes Coin (BIG), follow the links below:

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

Youtube: https://www.youtube.com/watch/BIGEYES