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Comment Re:Spend is a verb not a noun (Score 1) 100

On the contrary there is extensive commentary on what is proper usage that does not even begin to concede the issue when something is added to a dictionary, and the consensus is that "spending" is to be preferred over "spend" when a noun is required. If you are in an informal context in Britain that may be different, but here we are talking about a published article not a post it note in London.

Comment Re:Jugaad is really easy (Score 1) 123

Speed of delivery and low cost are legitimate selling points but in the long run software quality is worth paying for and the local contracting industry will sell out their future if they do not do everything practical to improve it where it is lacking. That goes for software developers in all other countries as well.

Comment USGS: Faults do not open up during an earthquake (Score 4, Interesting) 31

The idea that anything "opens up" is quite the exaggeration. This is what the U.S. Geological Survey has to say about that:

Shallow crevasses can form during earthquake-induced landslides, lateral spreads, or from other types of ground failures, but faults do not open up during an earthquake. An earthquake occurs when two blocks of the earth’s crust slide past one another after having been stuck together in one place for a long time, because of friction on the fault, while the rest of the crust away from the edges has been slowly moving. If a fault could open up, no earthquake would occur in the first place because there would be no friction locking the two blocks together.

https://www.usgs.gov/faqs/can-...

Comment Re:wait a minute here. (Score 1) 57

> A watt of solar cell capacity costs about $0.75; at an electricity price of $0.29 / kwh it takes just under three hours for an installed cell to recoup all its fabrication costs, including the cost of the electricity used to make it.

Make that 2586 hours of daylight operation not "just under three".

Comment Re:Don’t even get me started! (Score 5, Insightful) 158

The problem is they present the appearance of selling products directly to customers. Amazon is trying to have it both ways, to be regarded as the retailer when that is convenient, and to disclaim responsibility when it is not.

The identity of the actual seller, what country they are in, how you might contact them if you have questions, and so on are a footnote at best, so much so that it has led to legal disputes on the subject.

Comment I wonder if these people know what a backdoor is (Score 1) 46

> "Mr. Wang created this back door by inserting a single number into millions of lines of code for the exchange, creating a line of credit from FTX to Alameda, to which customers did not consent," he added.

This makes it sound like the "backdoor" was nothing more complicated than an increase in Alameda's credit limit. A real backdoor would be something like a special code to circumvent an access control or authorization system leading to privileged access of some kind. This is especially the case for a backdoor simple enough to be implemented as a single line of code.

Comment Re:high yield != no risk (Score 2) 178

The problem is all interest bearing accounts should not really be considered deposits either. There is real risk involved and interest bearing accounts ought to be considered a special type of investment. It is only government protection that allows banks to run de facto hedge funds with your government guaranteed "deposits".

Privatize the profits, socialize the risk. Is there a better example of that out there? Do FDIC deposit insurance rates come anywhere close to covering the systemic risk in the "deposits" we insure?

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