the company's best option might be walking away from some data center commitments.
'some' is a really funny way to spell 'most'
This is going to be one hell of shit show for Wall Street (probably not Main Street) but hoo boy is this going to pull down valuations of some big NASDAQ components... When OpenAI goes tits up, or as likely gets parted up and sold off in pieces.
As I said; I can default. A bankruptcy would let me even keep quite a lot of the property. Government printing is the same as that default, or at least the opposite side the coin. They get to keep their spending, your savings get devalued.
inflation isn't free, and it is not magic - (there are other reasons it might be better for growth than deflation) but in terms of government purchasing power, a growing economy without and increase in money supply would just mean the existing money buys more, so government budgets could just stay 'static' and effectively they'd be increased year-over-year in terms of real value/spend.
I come back to; for all intents my home budget really isn't so different than a sovereigns budget. The notion that maco and micro economics are different in terms of deficit and liability accumulation, is an article of faith, and that is all. Its not backed by anything but orthadoxy and wishful thinking.
1) - Entirely correct; a block chain currency is stupid
2) - Also correct and the reality is governments need these things, which is why I think it would be about the dumbest move in history but..
lets again say your goals are
* Dodge the legislature and the existing body of law
* Get people to continue participating in your economy, while also doing something that will completely destroy any faith and trust in your ability to control a currency for generations because you're effectively going to swipe their life savings.
lets also assume you don't really care about (2) because you have the view, however misguided that you have the biggest guns and enough well-armed law enforcement and military assets that you can just go bust skulls and shatter hands or regime change any entity that won't comply with your edicts.
My engineering hat very much tells me that this had bad idea written all over it but; I don't know if many of the leading plutocrats and elected officials alike even have engineering hats.
You do understand that government budgets don't work like balancing your home expenses, right?
People keep saying this but where is the real evidence for it?
We have been doing this pure fiat experiment for less half a century. It seems to me it works only as long as people are willing buy government bonds and that is only as long as they think the interest paid outweighs the time depreciation + whatever value they place on the 'security in terms of capital preservation'
This is exactly the same as my home budget, I can spend more than I make as long as people will continue to extend me credit
Once that stops working the government has to rely on balance sheet expansion to meet its obligations. the 2020s have proven deficits DO matter because if you pump the money supply, when there is any supply/production constraint the people that do have money take it off the side lines a buy the things they want by out bidding everyone else for it. Inflation skyrockets! In the market economy distribution of goods then becomes even more wildly unequal.
This too is actually pretty similar to my home budget in that I can default, file for bankruptcy and my creditors will be forced to take a lot of write downs, and I'll get to keep a lot my stuff. I can do this at least once.. (maybe some governments can get away with it more than once, maybe we don't know)
Just be sure who the fools are. While this applies to the Federal government more, Texas might know something and might be hedging.
I mean if I was a large government with structural financial problems, deficits that politically I could never close and mountain of existing debt.. I might be very interested say transitioning the real economy to something like bitcoins, (giving my wealthiest friends a heads up on that of course).
Get business selling stuff in btc, paying employees in btc, collect taxes in btc, pay government contractors in btc, etc; then you can print print the old currency as much as you like, it won't inflate the btc the real economy is running on, but you can pay off all you legacy currency denominated debts with no pesky legal hurdles no force measure, no 'voluntary write downs', no 'default' that trigger other credit events and penalties... You just wipe out everyone's savings and there is fu*k all they could do about it. Everyone would also include foreign sovereigns that hold a lot of your legacy currency in their reserves.
As importantly all your existing appropriations, entitlement obligations are in the old currency too, so if some court say "no nope congress appropriated 150Billion to Harvard to search for snails with reverse twisting shells you must pay them" you can just sure "here is your pallet of newly minted cash, good luck finding anyone who will still accept it"
Now you might say why bitcoin. Well because as crypto goes it probably has the most trust. Importantly you don't control the issuance so even if you are large holder of bitcoin you might still succeed in getting people to accept it and use it as a perceived safe store of wealth, even as you vaporize any trust anyone has in your legacy currency and debt instruments..
Now I am not saying this is going to happen. I am not saying it does not create a lot of problems. I am not saying if someone like Scott Bessent actually has such an idea it won't be recorded as one of the biggest mistakes in human history; because I think it would certainly be among. I can see the appeal though..I can imagine some of our plutocrat class having the hubris, recklessness, and greed needed to think it is a good idea as well.
That would be awful, your described setup won't be able to handle subtitles and various sound tracks (multilingual support), it wont' remember where you stopped watching and won't be able to resume it later and would make a total pain to search the library.
You do realize that what you're describing is all of about ten lines of Javascript with the right libraries (audioTrackList property, subtitle library, currentTime property), right?
What about tracking what episode you're on? And having profiles so each member of the family can track what episode they're on? I mean, I'll be switching to Jellyfin but that's a good reason to not just do what you say, unless I'm missing something.
Great opportunity for open source web services.
There's no good reason to use it. Just encode your video for random-access streaming, set up Apache or nginx with a URL that you make sure isn't indexed, require a client cert on the directory if you really want to be careful, port forward to it from a port on your router, set up dynamic DNS, and use a web browser. No arbitrary restrictions, just your content on your terms.
For a mobile device, I'm not sure I would let that much data stack up unique to the device. Pictures/video I would try to do backups on a PC before it got to that.
None of it is unique to the device — I have backups of everything — but I still want the photos and videos on the new phone.
Thank you for your reply. I can agree not all premium phone users are on the upgrade treadmill. I also bought what was billed as a flagship for its time, but it's 4 years old now and I'm not really feeling the need to upgrade to something newer. My impression was upgrading wasn't such a pain if you had a device that was recent and in high demand still as carriers seem to love running promos with trade-ins, and only mainstream makes/models tend to be eligible.
Transferring a terabyte of data from one phone to another takes the better part of an hour even at real-world USB 3 speeds.
- Owners of flagship devices concerned with their image and having the latest tech would be more likely to replace devices more often to get access to the latest gear, perhaps handing the old device down to a spouse or child if they aren't getting a trade-in credit for it.
Counterpoint: My phone history includes:
Assuming I keep the 15 Pro for 3 years (the prior minimum), that's 4.75 years average. I also buy the device with the largest capacity, and always wish it were bigger. Unfortunately, Apple doesn't increase capacity quickly enough for upgrading to help with that.
- Owners of cheap phones more focused on value. Top end features are nice but a luxury for something that has core essential functions for them (acting as a communication device). They lack the disposable income to replace devices as quickly, and wish to get the most return (usable life) for their purchase. They are more likely to keep a device until it becomes unusable (damaged, obsolete on mobile network, etc).
Upgrading is expensive and it is a pain in the a**. So there are multiple reasons to keep a device until it dies. Some people who buy flagship phones have the same concerns.
The main difference is that flagship phones typically get security updates for five to seven years. Low-end phones are often previous generation hardware that is still for sale, and may get security updates for as little as one year from the date of purchase. So unless you're willing to put your entire life at risk by using a phone that has gaping security holes, low-end phones are often false economy, purchased by people who see the price tag and are too broke to afford a better one, who then end up paying for replacement after replacement at a higher rate because they can't afford a phone that will actually last five or six years.
So I would expect low-end phones to get junked every couple of years, and for high-end phones to get junked when support is dropped, assuming that the owners know that the phone is no longer supported, and the rest of them just end up in a giant botnet, and they replace their phones because they're bogged down with malware a few months to a year after they go out of support.
The Android vs. iPhone angle can be more of a toss-up. I would expect the iPhone group to be more on the image/latest-tech group, but iOS devices are generally longer-supported at the OS level, so there is less need to update to stay on a device getting patches. But the Android group might care less about being on a device still getting patches.
iPhone users keep their phones longer than Android users, on average. 61% of iPhone users have owned their phone for more than 2 years, versus just 43% of Android users.
So patch availability does appear to have a significant impact on how long people keep their devices.
There is an always has been an underlying element to the American-psychology where we sort of admire the conman and outlaw. Its really baked in to how we have characterized our conception.
Even going to back Patriots vs Loyalists, while there were plenty of legitimate grievances with colonial governance. They were inflated to a degree that almost beclowns everyone involved, doubly so in the context of what was implemented in the aftermath at least on the representation, regulatory and taxation fronts. Our very founding revolution was sold on if not lies, radical liberties with the truth. Everyone knows we just don't really talk about it.
So to with something like this. Most people will outwardly condem the guy. At least some people will inwardly be impressed by how much he got away with and wounder what he might do for them, if they happened to throw a little gold his way..
Netflix and YouTube both use AV1, which is royalty free.
You're right about YouTube. I was thinking HEVC was one of their delivery formats, but apparently not.
Netflix definitely did use HEVC for delivery of some of its high-end content at one time. Whether they still do or not, I have no idea.
Either way, the fact that people are running into error messages suggests that there is some actual customer impact.
Smart. Instead of charging each customer an additional $0.04 per unit, or even eating those costs ($600k, in other word chump change), they use it as an excuse to upsell their product line.
Except that nobody who buys one of their machines is going to think, "I could pay an extra $100 and my machine would work better." They're going to think, "This piece of s**t can't even do things that my cell phone from eight years ago can do. Why did I buy this, and why should I ever buy anything from this manufacturer in the future?"
This level of penny-wise, pound-foolish behavior is a sure way to permanently lose customers.
Anyone who wants to do H.265 encoding
...or decoding...
will probably be looking at the higher end models anyway.
You mean like... anyone who wants to watch Netflix or YouTube or any other streaming service's high-res content?
Dead? No excuse for laying off work.
