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Comment Re:Seems reasonable (Score 1) 173

You can bet an HFT farm makes a bitcoin miner look like a blinking LED.

I doubt it. The processes involved in HFT do involve a lot of network traffic, some small amount of processing and database lookups, but are computationally fairly simplistic. Bitcoin mining is, by *design*, computationally difficult - and it's the CPU/GPU that is doing all the work to do it, which is the big power hog in modern computers.

Comment Re:They can't afford it (Score 1) 412

> And amongst all this... you want to dramatically expand government expenses and raise taxes? No, the proposal was that a minimum income is created for citizens. This *reduces* governement, as hundreds of thousands of jobs which were previously needed to administer benefit systems are no longer needed. Why did you talk about raising taxes? This money is already being given to citizens in the form of benefits, there will be some turmoil for a year or two while wages reduce somewhat to compensate (and tax RATES, but not total taxes, increase to compensate for that), so it doesn't require significant additional funding. If your country has made the decision that the state will provide shelter, clothing, food and warmth to its' citizens if they are unable to do so for themselves, then achieving this via a Mincome scheme is simply a more efficient way of doing so, and requires no "further government" nor "raising taxes"

Comment Re:Yeah, sure (Score 1) 412

Why do you believe this? Universal Basic Income is essentially "benefits" packaged under a different name - just fairer, and with significantly lower overheads. It also removes other barriers to a productive and healthy economy (such as the minimum wage, and the negative impacts that has on low-skilled employment levels) - but it's not inherently *better* than benefits for the recipient, just better for society as a whole. For example, in the UK at the moment a family of four might receive benefits totally £25,000 from various sources. If, instead, that family received a minimum income of £24,000, would that make it more attractive to live in the UK? (Mincome is likely to be lower than benefits, because of the ability of recipients to work part time low-skilled jobs for very low wage to top up their income if they desire, without tax/benefit reduction impact)

Comment Re:Nothing to do with American Tech Industry (Score 2) 460

Which point(s) specifically are you addressing? I'll number them to help.

1] Uber is playing by the rules in London
2] All or most of Ubers drivers are licensed minicab operators
3] Drivers make more money driving for Uber than they do driving for traditional minicab firms
4] Uber charge 20-30% less than minicabs (at normal operating times)
5] Ubers are cheaper than Black Cabs
6] Ubers provide better customer service than Black Cabs
7] Ubers Surge Pricing scheme means more cabs are available at peak times for people who really need them.

Some are facts, some are claims which I can only back from personal experience (and that of many other Londoners I've discussed this with), and others are obvious with a little thought.

Comment Re:Nothing to do with American Tech Industry (Score 1) 460

I don't relish Uber's surge pricing if a ton of taxi companies go out of business.

There'll be a lot of out of work taxi drivers too - who will be desperate to drive, reducing the times / locations that surge pricing occurs in. Plus, if it's so important, someone can launch a competitor to Uber that doesn't have surge pricing, and anyone who wants to can use them. Finally, if it's a real issue, book one in advance (it's what you had to do before, the presence of Uber hasn't made anything worse in that regard...)

You really must go out and also live in the middle of nowhere if there are no night buses that can't get you closer than seven miles! ;)

Fair point :)

Comment Re:Well, Duh! (Score 1) 129

How often do you travel from one "not very populous" area of the world to another...? Once a day? Once a week? Your pooled car can be sat 20 miles from you, when you want it you press a button in the app, it arrives 30 minutes later and takes you where you need to go. Unless you are literally HUNDREDs of miles from your nearest car pooling point, it's a non issue.

Comment Re:Nothing to do with American Tech Industry (Score 5, Interesting) 460

The thing I see is that when they follow the rules, they are NOT cheaper than the traditonal taxi companies.

Uber is playing by the rules In London which, depending on who you ask, is part of Europe. That said, the city is considering bringing in new rules to prevent Uber from fairly competing with other types of taxi drivers.
I take about 30 or 40 Ubers a year, and every SINGLE Uber driver I have had has been a licensed minicab operator - in other words the same driver I would be getting if I called a phone number and asked for a cab. These guys are experienced and licensed, and prefer Uber because they earn 5-10% more per hour with Uber than they do with their traditional employer.Did I mention that Uber charge 20-30% less than the traditional minicab firms saving me a bunch of money?

So magically, Uber has chopped around 35% off the cost of private road transport in London that was previously going straight into the pockets of some already very wealthy people. Now the worker and the customer get that 35%. So I win, the driver wins, the only people who lose are the cab firm owners who have traditionally been raking the money in at our expense.

If you compare Uber to the Black Cabs in London, things look even better - Uber are around half the price and offer better service, routes and accountability.

Finally, people will moan about "Surge Pricing" - but that with Uber when surge pricing kicks in I can still GET an Uber, I just have to pay a bit more money for it. At the busier times of night, the times when Uber surge pricing kicks in, if I try ordering a regular cab I'm usually told I can't have one or that there is a wait of an hour or more. So Surge pricing gives me MORE options, even though I may decide not to use that option. With traditional providers, I'm walking the 7 miles home at 3am...

Comment Well, Duh! (Score 1) 129

Lyft thinks the future of self-driving cars is in a network of vehicles people share, rather than individual ownership.

This is so totally and utterly obvious to anyone with half a brain who cares to sit down and think it through for a few minutes - at least for the mass market. In fact, it seems so obvious to me, that I'm worried I've got tunnel vision for it, does anyone know any viable arguments for private ownership in a world where cars drive themselves?

Comment Re:I'm kind of ambivalent about this. (Score 1) 423

On one hand the idea that something that belongs to you handing you over to the authorities is distasteful

I cannot possibly start to comprehend this logic. Should a picture taken on a paedophiles camera not be admissible as evidence because he owned the camera? Should the police not be allowed to arrest you because, as a taxpayer, you pay their wages...?

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