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Comment Re:All those saddle maker jobs gone. (Score 1) 76

There used to be around 1,400,000 telephone operators at the peak in the 1950s whose sole job it was to make manual connections on a switchboard to route a phone call from one phone to another. Now there are zero thanks to automation. Before the industrialization of textiles, a majority of households had a spinning wheel. Across Europe it's likely that 10s of millions of spinners made thread to feed looms. How many folks are employed as spinners now? Only a few who practice their trade in historical parks like Colonial Williamsburg. I guess that's 10s of millions that went on to starve? Technology disrupts jobs. It doesn't have to be bad. Change is always happening and always will.

Comment Re:The Chinese President wants you to know today (Score 2, Informative) 52

Hamas started a war they knew they couldn't win and that Israel for their future safety couldn't say no to. Hamas is getting exactly the result they want. Their people in continued suffering to further their political goals. If Hamas wanted to end the war and the suffering of Palestinians they could do so today. Surrender, disarm and turn in those responsible for 10.7. It is not hard to understand. This war continues because Hamas wants it to continue because they have folks around the world turning on Israel. It's very simple for Israel. Hamas has to go. An attack like 10.7 can not be tolerated.

Comment Re:Time for some Boomers (Score 3, Insightful) 149

"It's value is inherited from the same basis that gives fiat currency its value, which is to say, pure magical thought. No currency in history has held true value beyond the collective hallucination of people saying "This has value"." You can buy tangible things with a "hard" currency. Who does business in bitcoin, etherium or any other crypto? No one. The only thing you can do with a crypto is hold it or exchange it for real money that you can use to buy something. At some point the folks at the top (that bought at a lower price than you did) will yank the rug and it will all come crumbling down.

Comment How it all works (Score 4, Informative) 85

You, the bank customer sign up for a service (like RocketMoney, Plaid or other fintech service) that you then provide with access to your banking information. That service then sends out API calls to get your data from the bank, and routinely updates is (maybe in the background, maybe only when you open their app). Right now, the third party has cost-free access to your banks API and data. The old rule is effectively, the customer owns their own data and if they want a third party to access it, it should be cost free. The new rule is the old rule is gone and the bank owns the customer data and if they want to charge folks to access it, so be it.

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