325 karma · joined December 4, 2013
The long-term financial incentives to maintain a functioning society are all broken because of the misaligned short-term (vote for me, get free stuff) and long-term incentives (debt reduction, financial management, business planning and other investments.) Voters are simply looting the treasury at this point. It is a shame. I cannot believe anyone actually buys into the notion that government will fix problems, or somehow do a better job than what already exists.
The candidates are just handing you money from your own pockets, and skimming off the top.
It's so damn dumb.
I might prefer this product with a slight change: instead of trusting you my business phone number, maybe I could simply point my Twilio endpoint to your servers? That way you are not soaking up passthrough costs of customer usage; plus, I don't have to worry about getting my number from you after all my customers are familiar with that number. Anyways, it's a neat concept. I have provided our phone system to other businesses and can totally see the value in this product.
The article is not advocating for the "manipulation" of anyone. It's up to the reader to implement, ignore or consider. If the title and some words were rephrased it could be an article on how to spot pricing tricks; the content would mostly be the same.
Your last question is loaded; it assumes maximizing profit is bad. In practice high profit margins are often a reward for being first to market. Maybe those high margins are a recompense for R&D costs. Plenty of answers to rebuke your suggestion that maximizing profits is unethical. It's also a situational topic made more nuanced by the specific product, company and many other circumstances.
You just proved this part.
There are reasonable mistakes made in the course of living and of any action. So if you want to exaggerate the claim of one (or even a few) examples to the point of making it appear as an epidemic in America; then I will hold you to a higher standard than the half-assed arguments that I see here. Many people engaged with these narratives are grossly misrepresenting legitimate claims of police brutality or racial discrimination. If you cannot be honest in debate, then I would also not expect the same to be honest in any proposed solution. Blatant misrepresentation by so many; it's disgusting.
Well, that just sounds like an open invitation to challenge them.
Seems like Uber and Snapchat were the last game changing companies for how people interact with the world via tech on a large scale. IMO it's lack of media attention, excitement and companies that are very obvious lifestyle changers.
DAO is an autonomous corporation that runs on top of Ethereum. The digital token in the Ethereum ecosystem is called Ether. So the DAO raised somewhere around ~$150M USD in equivalent Ether funds during its IPO-like phase.
Hyper-inflation is hyperbole warning for ignoring national debt, because it's likely the only end-game. Federal spending has doubled in the last 15 years, and politicians continue to make more promises. It's unpopular to talk about the national debt or federal spending which is exactly why Schiff is great; he consistently highlights gratuitous spending. Predicting specific bubbles is less important than pointing out fundamental issues like devaluing the USD and over spending. His doomsday attitude is a constant reminder there are larger problems than specific markets.
Having used a handful of the exchanges and other more casual wallets like Circle, it's obvious that the trend is towards more "security" and legitimacy by vetting users and knowing their real world identities, etc. Which can include Skype interview, scanning personal bills to prove addresses and so forth.
Back in the 2007-2010 era of websites, somebody mentioned that "ugly" websites work. Not that fancy or flat design is bad. But the sheer simplicity of ugly websites forces people to focus on the content, context and functionality. The ugly websites pointed out were MySpace and Craigslist mainly, but you could probably add a few others like Drudge Report and Plenty of Fish. Even Hacker News is pretty "ugly" but it obviously works great.