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Comment: Re:Welcome to 1999 (Score 1) 245

by The Clockwork Troll (#35535168) Attached to: Groupon Could Challenge Google's Record IPO

There were at least two hysterias in 1999.

1) Companies with no proven revenue stream.

2) More insidiously, companies that were going to make tons of money from advertising, and sold banner ads at huge CPMs, because there was no accountability for conversion performance.

This feels a lot like #2, except it's not just bullshit conversion performance (which here could be interpreted as repeat visits), it's also pre-inflation of retail price to give the appearance of "value" where really there is none. Groupon's sales reps themselves advise merchants to "temporarily" double the retail price of their goods so they can offer 50% "discounts".

In short, bubble.

Math

No P = NP Proof After All 318

Posted by CmdrTaco
from the big-o-my-god dept.
00_NOP writes "Internet commerce seems safe for now as Russian computer scientist Vladimir Romanov has conceded that his previously published solution to the '3 SAT' problem of boolean algebra does not work. If his solution did work it would have shown that many problems thought to be unsolvable with conventional computers — including decrypting your HTTPS encoded credit card number — would have been solvable in polynominal time. Romanov, who is very far from the sort of crank who normally claims to have proved P = NP or the opposite, is not giving up though..."

What this country needs is a dime that will buy a good five-cent bagel.

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