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Comment: Re:Less than 50% reduction in fraud, more liabilit (Score 1) 449

by DarenN (#49085735) Attached to: Credit Card Fraud Could Peak In 2015 As the US Moves To EMV

Yes, it's easy to manufacture and attach fake ATM fronts....

EMV means that card present fraud effectively disappears overnight. The liability shift is not to you, it's to merchants that do not accept Chip and PIN, or Banks that do not issue it. Your position is exactly the same as it was before the shift. The difference is that payment networks will no longer accept liability for insecure card-present payment methods which is not unreasonable.

Online/card-not-present transaction fraud is entirely different and EMV is not designed to deal with it, so it's no surprise it doesn't. For THAT all the networks are implementing payment token support which I expect to see become mainstream over the next couple of years. The tokens will be limited time use alphanumeric strings that have specific values - basically "ApplePay" is re-branded Visa Tokenization. Mastercard already have PayPass Online but that is a digital wallet and their newer solutions will abstract the path to the cardholder's account, Discover and AMEX are also implementing something similar, as are the regional switches in the States.

Comment: Re: This doesn't sound... sound (Score 1) 328

by DarenN (#49025697) Attached to: Valve's Economist Yanis Varoufakis Appointed Greece's Finance Minister

The problem with this

The game plan for the Greexit would be to convert everything, both assets and liabilities, into Drachma. Euro bonds issued by the Greek government are controlled by Greek law. Or any debt issued under Greek law.

is that it was gamed out quite a bit during the first crises and the consensus is that it is not legal to unilaterally change the currency of the bonds. That means that Greece would have to get its creditors to agree to re-denominate them in Drachma which would effectively be writing them off.

Greece has a massive merchant marine (or at least Greek flagged merchant ships). Argentina, in a much less compromising situation, has had ships seized. This is not a situation the Greeks want to be in because it's a signifcant part of their economy.
Greece also runs a food deficit - it buys in a significant percentage of its total food production. They won't be able to afford it with the Drachma.
Lastly, Greece will not be able to pay their army and given that it was a military dictatorship until 1974 this is also making people nervous.

The pace of reforms can be debated, but the need for them will not be. Greece is something of a mess and needs to continue with sorting out the crazy tax-evasion problems that they have. If the govenment wanted to, it could use the resentment that is being directed outward to force through some increased taxation on their oligarchy.

That said, the European banks that lent recklessly to banks in Greece and the likes of Ireland, Italy and Spain will have to take the medicine sooner or later. Nothing else is going to work to get the debts to manageable levels. Germany is going to have to start spending too - I'm surprised that they haven't taken the opportunity for some larger infrastructure projects.

Comment: Re: This doesn't sound... sound (Score 2) 328

by DarenN (#48924111) Attached to: Valve's Economist Yanis Varoufakis Appointed Greece's Finance Minister

However, I would tend to agree with you that a clean bankruptcy is better than a messy partial default. Expect that there is no real mechanism to Greece to default. If I understand correctly, it would be easier for Greece to exit the EU, convert to the Drachma, and devalue the currency.

Except that all those debts are denominated in Euro, so exiting and devaluing makes things worse. So they need to exit and default. This means that they've lost the advantages of being in the common trade area, their currency will be worth very little (which might boost tourism to a point) but no-one will lend them money so they will either inflate at a very high rate or be forced to do their own austerity and either way it does not improve their prospects.

Comment: Re:Environmentalists is why we still pump carbon (Score 1) 652

by DarenN (#48465503) Attached to: Two Google Engineers Say Renewables Can't Cure Climate Change

That Japan Times article is hilarious

The latest report from Fukushima revealed that more people have died from stress-related illnesses and other maladies after the disaster than from injuries directly linked to the [triple disaster of earthquake, tsunami and nuclear meltdown]

So your own link reveals that stress was a greater killer than any combination of a massive earthquake, massive tidal wave AND nuclear meltdown, which only shows how dangerous irresponsible reporting is (like the headline in the article, oddly).

Comment: Re:To America? Yes. To the GOP? No. (Score 1) 247

by DarenN (#48433005) Attached to: Does Being First Still Matter In America?

While I don't disagree with you about the need for equality, the quote

Men still earn far more than women in the workplace

is a canard.
For the same roles with the same experiences any differences between male and female employees looks like statistical noise. The variation only appears if you consider all male and all females regardless of age, experience, role or any other consideration.

It appears that the major barrier to equal earnings is still that females tend to take extended maternity leave and career breaks to raise children which leaves them with less experience at a similar age to their male counterparts. So later in her career the female employee will earn less, but then so will the male who started the career later in life.

Comment: Re:anyone who has your 16-digit card number (Score 2) 130

by DarenN (#48316073) Attached to: American Express Seeks To Swap Card Numbers For Secure Tokens

This is a little confusing - each card has 3 Card Verification Values (which, depending on the type of card can be CVV, CID or CVC - lets use CVV)

CVV is stored on the track data.
CVV2 is the one on your card. It is transmitted as a separate field for non-card-present transactions (eCommerce, for instance).
CVV3, also known as dCVV (dynamic card verification value) is an EMV thing.

Most people use CVV to refer to CVV2.

This whole token thing is not AMEX only, Mastercard and Visa published specifications on this already and are certifying their acquirers. AMEX are late to the party :) The specifications are transitional at the moment, so the acquirer sends the token, and what's called the Token Service Provider (TSP, yay for TLA's) de-tokenizes it, then the real values are sent to the issuer for authorization.
The TSP can be the Switch (AMEX, Mastercard, Visa, etc.) or the card issuer, or a separate provider somewhere else that does only this.

Comment: Re:Hate Nixon (Score 1) 125

by DarenN (#48101259) Attached to: How President Nixon Saved/Wrecked the American Space Program

That's a fair enough point. When you say "playing in that sandbox" I was thinking beyond casual meddling, which is what I think the post I was responding to was referring to. Ike absolutely refused to put combat troops on the ground, even at a high cost to the US-French relations. The advisors, observers and intelligence people I was putting to one side.

Comment: Re:Hate Nixon (Score 1) 125

by DarenN (#48072071) Attached to: How President Nixon Saved/Wrecked the American Space Program

Ike point blank refused to get involved in Vietnam, both when it was French Indochina (which indirectly led to NATO becuase the French vetoed a European Defense Force as a result) and afterwards. He was, as I recall, quoted as saying something along the lines of "if we go in there it will be difficult to get out". He was not, however, against giving the French tactical nuclear artillery shells until the British asked him if he was insane.

Ike was most definitely not playing in that particular sandbox.

Comment: Re:The less-energy-for-poor-countries "solution" (Score 1) 385

I'm always amused the way that hurricane damage is reported in dollar damage, particularly in Florida. More people live on the coast now, so these places have more stuff to trash when a hurricane makes landfall. This is not happening any more frequently or with any more intensity than in the past, it just costs more to fix the more stuff. Miami-Dade county went from 500,000 to 2.5 million (approximately!) between 1950 and 2013. That's a 500% increase in population so anything less than a 500% increase in damage costs in the area would be surprising.

One of the things to note is that the developing economies have a huge opportunity to skip the crappy polluting coal plant step and jump directly to better solutions - it happened with mobile technology (many sub-saharan countries have extremely well developed mobile networks but no landlines, for instance) and internet (here in Romania I get 150 Mb/s download plus cable TV for about 15 euro per month, entirely uncapped - in Ireland it cost 70 euro per month for 50 Mb/s download which was capped). This happened because they missed the "crappy internet" stage of internet evolution that Ireland is still struggling out of.

Comment: Re:They've been pushing this angle for a while (Score 2) 362

by DarenN (#47020811) Attached to: Should Tesla Make Batteries Instead of Electric Cars?

Well, the trader has one point - the Tesla batteries are serious tech. With the advent of many things that could use them (airliners, other electric cars, trains, etc), and the fact that current batteries are frankly shit, if Tesla batteries are that much better then they would need to build a vault to hold the piles of money that they would get. However, he has a market for the cars and they are driving the battery tech, so it would be nuts at this point. If the car making business starts to dry up, then they have a second core competency that they can keep building around.

Comment: Re:A victim of Poe's Law. (Score 1) 726

I'm guessing you have never read any of Heinlein's papers - and if you read the book Starship Troopers I suggest you read it again. Along with all of his work not tagged as "Young Adult". You might not agree with him but he was writing stuff that was unthinkable at the time.

Military participation was not the the road. It was _one_ road. Other forms of service existed and anyone could start as it was a legal requirement. There was, in the book, no war when Rico joined. The key was danger in service, and the war started while he was still in service. His father was a successful business owner was adamantly against Rico joining the military.

Heinlein also discussed a female only government in other writings (his conclusion was something along the lines of "it can't be worse than the mostly males ones, and it might be better") and in Stranger in a Strange Land manages to break every single social taboo of the day. In the Moon is a Harsh Mistress he describes what stable poly relationships would look like and how living in a hostile environment with a scarcity of females enforced social order.

He also gave a KGB officer a lecture on why communism was bad while in Russia in 1960 when the U2 spyplane was shot down, translated by his wife (who had learned Russian from tapes over 2 years at home).

Basically, you got what you wanted to out of the book, but I would suggest that you didn't get the actual book.

UNIX was not designed to stop you from doing stupid things, because that would also stop you from doing clever things. -- Doug Gwyn

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