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Comment Re:Censorship deal on the side (Score 1) 11

If you think Meta doesn't already censor accounts all over the world on behalf of the United States, I have a space elevator to sell you. For example, make an off-hand comment about how easily Canada could manufacture a dirty bomb as protection against US aggression and watch limitations start to be applied to your activities. Meanwhile, Russian bot pages continue to be treated as honoured guests.

Comment Re:What's wrong with an accounting trick or two? (Score 1) 55

I mean, sure you can mine some crypto, but the perceived value of those is essentially nothing.

The market cap for all those cited coins together is considered about $7 billion (Monero being the vast majority of that). So mining that won't do them any good to recoup expense unless they suddenly got all the crypto-bros to abandon BTC in favor of Monero (Etherium is at $380 billion, BTC is at $1.8 Trillion).

Comment Re:What's wrong with an accounting trick or two? (Score 1) 55

They aren't "video cards", since they generally neither have video ports, nor do they fit in a standard form factor 'slot' form factor.

If the LLM bubble evaporates, the workload appropriate to these devices will be dramatically lower. You *could* perhaps make a go of VDI and maybe someone takes another swing at a cloud gaming service (if someone went all in on Grace, then neither of those use cases would be well served either), but hard to imagine any of those markets sustaining the absurd footprint built out.

Comment Re:Overthinking it... (Score 2) 70

super-careful about applying good development practices

That works, until bean counting MBAs are allowed to control what should be an engineering process. In the case of the 737-MAX it was because the MBAs that run Boeing see programmers as a fungible input like aluminum, so any old programming team will do if the price is right. In that case the programming team which won the low bid normally worked in the financial industry.

process and quality assurance teams who know what to look for

Those guys were too expensive for Boeing's management, they've all been laid off years ago.

Comment Re: Holup (Score 1) 142

Credit card processing fees are high in the US, typically 2.5% . Merchants prefer to use less costly payment methods. Unfortunately, for instant payments, there is no standard for electronic payments, just a patchwork of various systems or businesses like Zelle, FedNow, Venmo PayPal. You just never know which merchant or customer has which. Whereas almost everyone has a debit or credit card. I still write a ton of checks for this reason. Not because I like them, but because of the fragmentation of electronic payment methods, and because many businesses prefer them. Obviously, not at checkout lines.

If credit card fees were lower, as they are in the EU, I think checks would likely disappear.

Even in the UK/EU where merchant service fees are capped, once you start ordering in the 10's of thousands of Euro/Pounds... merchants start insisting on non-card payments because that 1% starts hurting at that volume.

Back in the day (early 00's) I ran a shop in Australia and I had to maintain accounts with my suppliers that needed to be paid off monthly. I did this via bank transfer (including a line of credit I could use for bank transfers). My card fees for sales would sometimes dwarf my staffing costs and this was 20+ years ago when a lot of people still used cash exclusively even when paying a few hundred bucks.

Comment Re:Payroll checks are still a thing in small biz (Score 1) 142

>Why wouldn't they just outsource payroll to someone who can do direct deposits?

What the summary left out is that 6% of the US is "unbanked" and has nowhere to direct a deposit. And "That unbanked percentage rises to 22% for those with an income below $25,000." - CNN So it may not have much impact on your world, but this would seriously impact those who can least afford it.

In addition, Cashier's Checks are arguably the best/easiest way to physically transfer large amounts of money safely between individuals. They're free at many banks, and if not are still lower in transaction costs then most electronic transfer methods.

Most countries got rid of both problems years ago.

In the UK and many other developed countries a basic, fee free, bank account with a debit card is almost a human right. There is no law stopping you, in fact in the UK it's law that any resident has the right to open a basic bank account that must be free at the point of use (very few accounts have a monthly fee in the UK and those that do typically come with benefits that pay for it). No one here is unbanked except through choice. This is because a lot of transactions occur using interbank transfer (called "faster payments" in the UK) that again, is government mandated that everyone has access, free at the point of use. Your pay goes into your account using this system, bills, rents and repayments leave your account using this system.

Visa/MC hate it as they don't see a penny from this system.

The US is the only developed country I know of that does not have an inter-bank payment system that is free at the point of use. Although it seem the US is doing all it can to rid itself of its "developed" status.

Interbank transfer systems have all but eliminated cheques, I've never in 30+ years been paid for work with a cheque. The last time I received a cheque it was a refund from the DVLA after I sold a car (for the unused portion of road tax) and the last time I used a cheque was to buy a car in Australia in 2013 (Australia's interbank transfer system used to take 24 hours, it's now instant) and that was a banker's cheque, I've never used a personal cheque, given or received, in my 40+ years of existence and suffering upon the surface of this planet.

Unbanked is what we expect from developing countries... and cheques are an anachronism from the 50s.

Comment Re:This is what classism looks like (Score 1) 235

privilege knows no bounds, greed is insatiable, these upper class people will destroy this civilization just like they have so many others

Maybe it's proof of the existence of Afluenza and it's debilitating side effects. Doctor Payola recommends seeing two of daddy's contacts.

Aside from that, kids find way to game system. Not really anything new, I've seen this in the workplace for a few years. Some people use a marginal disability to openly skyve off work or shut down any criticism against them, it's a new move in a very old game though... People game systems, even when it harms a system that is meant to help people who genuinely need it. If you know a way to fix it without harming people who genuinely need help, I'm all ears.

Comment Re:So (Score 1) 63

Half the work of managers is of low quality or low value. Who saw that coming?

It could be worse, a lot worse.

Imagine if those useless middle managers were tasked with doing something important rather than merely wasting the time of people capable of doing something important.

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