Twitter is worth around a third of what Elon paid for it. I'm assuming you're happy to just assert that 2/3 of it's lost value is just those "who were leaving anyway" and changes like those to third party apps had no impact?
145 karma · joined November 25, 2016
Twitter is worth around a third of what Elon paid for it. I'm assuming you're happy to just assert that 2/3 of it's lost value is just those "who were leaving anyway" and changes like those to third party apps had no impact?
2) No, the opportunity cost for Reddit is the users using Apollo to browse Reddit as opposed to official channels. This prevents Reddit from effectively monetizing those users, because they cannot display them ads, track their usage habits, and all the other things social media companies do to monetize their user base. The reality is that using a user browsing via Apollo costs Reddit directly (server costs) and indirectly (missed opportunities aka opportunity cost).
3) Reddits bet is that the majority of the user base will be retained. The vocal outcry suggests they will not. Only time will tell which side is right. The other point many 3rd party advocates are making is that moderation tools, the majority of which are considered 3rd party apps, will also stop working. This will most likely significantly degrade the quality of many subreddits. People aren't necessarily angry saying "we demand our equal share", but rather "this is really short sighted and you're going to kill what we care about".
As has been mentioned through out this thread by others there is not this form of interaction between the payment terminal and the kiosk.
- Snarky and talks down about people not "in the know" about potential security issues.
- Supreme confidence that they are super knowledgeable about how it "should" be done.
- Fails to provide any actual demonstrable impact, but doing the old "left to the reader" as to how it's clearly exploitable.
But when you drill into the details, they are just fundamentally wrong about how the product is even working, what is possible with the attack surface, and how components are interacting with each other.
There are plenty of vulnerabilities out there, and companies do make stupid mistakes with regards to security in lots of situations. That doesn't mean that every pie in the sky idea you have (oh look, I did a kiosk escape, dot dot dot, clearly I can credit card skim now) is possible.
There will always be an infinitely recursive list of trust issues or potential attack vectors, they will just become less and less likely.
What if the hardware wallet is backdoored? Use a Faraday cage. What if both the hardware wallet and Faraday cage is compromised? etc.
Yes, blockchain totally solves all these problems...
I worry if people are actually this delusional.
All WHAT goes away? You're talking about hordes of people answering customer queries. How the hell does blockchain make that go away?
There are features of cryptocurrencies that would actually be useful in today's financial services.
The main one would be near instant settlement.
PayPal makes billions offering this service, when it could be a feature of the financial system.
You seem to be doing this weird thing where you're trying to imply cryptocurrency is solving a problem, but still wanting to have take backs when people say "cryptocurrency doesn't solve this problem".
If your position is that instant transfer would be useful, there is no reason we don't have that already at a technical level. It's purely a financial system construct that we wait and have settlement periods for the ability to reverse transactions, have added security, etc.
If your position is that cryptocurrency somehow solves a technical problem, I'd be interested to hear what you think that technical problem is.
How does blockchain solve this?
There are always people pushing generalized "it will be good for this" statements, yet they can never seem to give concrete examples of where blockchain would be a better solution than the current implementation.
No, it's because in the years of financial market experience, people realise the risks don't outweigh the rewards.
Cryptocurrencies and block chain isn't solving a problem, it's just spruiking the pro's side of a pro's and con's decision.
If I posed the question as: Would you prefer to place your hand next to a machine which will accidentally cut your finger off once every 100,000 cuts, or a human chef that will accidentally cut your finger off every once every 50,000 cuts, which would you prefer?
I don't know about you, but I'd give the machine a crack.
Well that's a brave move...