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Comment Re:This is not about crypto (Score 1) 21

I'm not an expert in any of this, but my understanding was that blockchains were good at (a) being distributed and (b) holding the value of the asset directly on the blockchain. For example, the blockchain holds the actual bitcoins I just mined.

However, the blockchain doesn't hold the actual shares - it might hold a serial number of a given share, but not the actual share itself. Therefore, you can imagine a way that I might buy some tokenised shares, and sit back to count my money. You buy the same physical share some other way, and potentially you get the actual share certificates, where I don't bother to try because I believe the blockchain will save me from all ills.

I don't know how possible that is, or if it matters given how many shares exist for even the smallest stocks. It's just a niggle in the back of my mind.

My other 'niggle' is the time it takes to settle a trade. In a centralised exchange, the time to settle is really the time it takes to physically write the trade down on the various systems it needs to go into - and then verify all of those writes (which is roughly a pipeline operation, so a big trade behind you won't affect your trade). Once done, you get your settlement notification and the price you actually paid. I'd say most people experience those prices to be "about the same" as the published price when they pressed the "buy" button.

For blockchain, those writes could take hours - what share price do you get? Would it be the beginning of the write cycle, the end of it or somewhere in between? I don't imagine you'd ever know. Will be interesting to see how it plays out.

What actual benefit does a decentralised database offer here? I suppose anyone could read it and so could calculate current prices from it themselves (and feed that to others or their own trading systems). After that, I'm not sure how it helps. Somewhere, someone ultimately has to mark the actual share as 'sold' so that no one else can buy it - that's never going to be distributed.

Lastly, I agree about the payment choices of OKXICE to be unfortunate as they completely confuse the issue. But I guess if you're a crypto advocate, to say "we're selling tokenised stocks, for paper cash money" is slightly confusing too, and maybe doesn't offer the "USP" that being able to pay in coins gives.

Comment Re:Terrible feature (Score 1) 157

So it's a poor mans version of a house battery?

I'm all for "just in case", but my worry is that it's ultimately the play-thing of the electricity company. If I plug my car in because I'm going on a big trip tomorrow, I damn well want it fully charged when I drive off. That's already a stretch because my electricity company is restricting my charging 'quota' for a 24 hour period to 6 hours, so I can just about fill up half of the battery at a time (given not all charging is at full speed). They're trying to offer rewards for the amount of days you plug the car in too - all socialising us for helping themselves when they need it later on.

Personally, this is on my list of "don't want". If I buy a car that happens to have it, I'll resist changing the charger for as long as possible. The house battery is all they get to play with, thanks (mainly because it won't export).

FWIW, a house battery is far superior for normal operations. It charges up during cheap rate at night, and then discharges during the day when we're on peak rate. If you've got some solar then that can provide your base load, and maybe charge the battery a bit too, effectively increasing the size of the battery. Your car just can't do that because it'll be off enjoying itself while the sun is shining and just be parked up at night to sleep it off.

Comment Re:It's about time. (Score 2) 111

The math also changes quite a bit if controlled fusion becomes a thing, because Helium is the "ash" product of controlled D-T fusion.

What math? You did none.
Currently earth makes around 10^20 joules of electricity per year. At 3x10^14J/kg, that would require on the order of 1000 tons of DT fuel, and so helium "ash".
Current helium extraction rate is around 30,000 tons per year.
So yeah, fusion on a scale a order of magnitude greater than current total energy production could produce a useful amount of helium.
It is conceivable, barely.

Comment Re:It's about time. (Score 1) 111

peak funny was probably the suggestion about the gas giants. We want Helium, not Hydrogen.

Gas giants have helium. Was that supposed to be a joke?
The problem is the depth of their gravity wells. https://xkcd.com/681/
I suppose you could try a high-altitude flyby to scoop some of Saturn's atmosphere, 3% Helium. Still insanely expensive.

Comment Re:What happened to EU independence? (Score 3, Interesting) 129

It's like literally any other thing on the Internet - as soon as someone presents position "A" on a subject, other forces claim it's "B", "C" or "D".

The EU is absolutely moving away from US companies. This is a story about a department in a government of one of the countries that's in the EU - so not the same entity, and not controlled by it. They tried, quite feebly, to move off Office and have now moved back. The EU is entirely unaffected, being an administration of the bloc, not of any particular country.

This is about the same as someone saying "AI is the greatest thing in the world ever", followed by a story about how "datacenters are destroying neighbourhoods". They're related, but one doesn't really affect the other.

Comment Oh, and.... (Score 1) 136

you seek to bash the country that made all of the technology you used to leave the comment

I'm not bashing England.

(P.S. because you've already proven yourself to be clueless and you didn't understand what I meant just now: the ARM architecture you're referring to was created by Acorn Computers, originally from England in the U.K.)

Comment Re:I'd take it (Score 4, Funny) 136

"He ended up with about the same or higher pay as a contractor as I recall."

Are you including health care and retirement benefits in that higher pay?

You're assuming these were out of pocket costs borne by the user, as happens in the United Shitholes of America (new official name, because the rest of the world can rename things too!)

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