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Comment Re:Libraries (Score 1) 641

Any language platform needs to make system calls into the OS. For as long as all popular OS-es are written in C, all language platforms need to interoperate with C modules. C is the "lingua franca".

Comment Alarmist article... (Score 1) 323

Alarmist article from a big corporation to set the stage for loose regulations on chocolate so that the masses can keep getting their 99cents "chocolate" bars (aka hydrogenated fat with dark-brown solids, corn syrup, emulsifiers and natural flavoring agents, whatever other non-cocoa crap - tastes like cocoa) and the company's pockets full.

Comment Re:what's the point? (Score 1) 438

If cheating is so prevalent, that a degree becomes the anti-pattern, employers would start sampling the non-degreed pool in order to identify employees who can do the job. The fact that this is not happening leads me to believe, that the whole Indian culture just doesn't care about "the work being done" and the society is content with very low productivity. This is not untypical for very stratified and nepotist societies where the piece of the pie is more important than the size of the pie.

Comment Re:driving farther to get to work (Score 2) 187

Also, gentrification is a big factor - lower-middle and in certain coastal areas, middle class people are being displaced, seeking more affordable homes further from their communities and work. Although the housing market is still a mess on average, certain coastal areas have appreciated above their 2006-7 peak, due to the ultra-easy monetary policy of the Fed.

Comment Re:How do they break even? (Score 1) 280

Or just make another free account in an year and have your limited number of friends switch to it. As someone else pointed out, people in the countries where WhatsApp is huge has never made an online payment in their entire live. To them $1 is just as unpayable as $100 - because they lack he infrastructure to make the payment.

Comment Re:Developing Countries (Score 1) 280

It's clear that WhatsApp is proportionally popular to the cost of sending SMS, but how many of the penny-pinching users are paying customers? Or do they create new promotional/free accounts every year? How many of the 450M accounts of WhatsApp are just the same person getting a free account every year?

Comment Re:CNN argues it's worth the money (Score 2) 257

The whole business model of WhatsApp is based on the premise to be purchased by a rich Internet/Social Media company. They already sold to Facebook. If they start another one against their parent company, who's going to buy them again? Running something like WhatsApp is not a sustainable profitable business - you need the LBO end-game.

Comment Re:Crypto COMMODITY (Score 1) 475

Absolutely right. Bitcon in NOT a currency, until a country starts receiving tax payments in it. The definition of currency is "a system of money in general use in a particular country". Gold used to be a currency when countries would take it to settle obligations - now it's a commodity. Same with Bitcoin - it's a commodity and a store of value, and you still need to sell it for a currency to settle your capital-gains tax obligation on it.

Comment Re:Nokia was RIPPED OFF! (Score 2) 196

very simple. The bigger and older the company, the more proxy voter shareholders it has (traded on the secondary exchanges to millions to people who own only a handful of shares each). These shareholders have no clue what is going on in the company they own. They let the board and executives run the show unabated.

The real game is played at the board level and executives. The company itself is just a stage - nobody cares about the company in the long run - one can always incorporate another. The board and the executives care about the company as a mean to an end - to make money off it. How the money is made - it doesn't matter. Sometimes money is made by making product and selling it; sometimes money is made by selling out; sometimes by liquidating and golden parachutes.

A successful public company is that makes the board and the executives rich. Products, employment, etc. is just secondary effects, to make things look not too sociopathic.

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I tell them to turn to the study of mathematics, for it is only there that they might escape the lusts of the flesh. -- Thomas Mann, "The Magic Mountain"

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