Slashdot videos: Now with more Slashdot!
Few people realize that this question is indicative of similar, related questions that we should be asking about the Internet. Is it safe to allow the distribution of power to be so unequal? Take the distribution of domains for example. According to the above mentioned database, as many as two million domain names may be assigned to the same IP address, as is the case with 18.104.22.168. That is 12% of all the domain names on the Internet—nearly the same number of domains that use Chinese! Imagine the power...
There are inequalities like this throughout all aspects of the Internet. A single company in Scottsdale, Arizona owns more domains than any other. They are called GoDaddy Ltd., and they host some 20 million domains. Their closest competition comes from the German company PlusLine Systemhas GmbH, which serves a mere two million. This lack of balance has trickled down, creating an Internet where there are 86 million
All this goes to say that the powers of the Internet are far from being balanced."
Link to Original Source
Link to Original Source
I know this isn't very widespread yet - of the five main banks in New Zealand, I know that three use it. I imagine, however, that it won't be long until this is standard practice in the banking industry.
I barely use cash myself, and mostly see it as an inconvenience. I know for a fact that I'm not the only one who thinks so, and I believe that the majority of my countrymen agree with me. Why on earth would you want to carry round bits of metal or plastic that you never seem to be able to get rid of entirely, when one or two cards will provide you with the same benefits with greater convenience and security? If I lose my EFTPOS card, I call the bank, cancel it, and arrange a replacement. If I lose cash, that's it - it's gone.
Although there is always the risk of fraudulent activity of my cards (much, much higher on my credit card than my EFTPOS card), every bank in this country, and I would expect in the world, has an agreement with their customers that if the customer does not contribute directly to the fraud, they are not liable for any stolen funds. Again, if someone steals my card, I'm inconvenienced for a couple of days, but if someone steals cash it's gone forever. I know which I prefer.