4,957 karma · joined March 23, 2016
IMHO, the Libra is at the same time too ambitious (in aiming for full capital convertibility across nations) and too timid (in entirely giving up monetary independence). A libra-usd, Libra-euro, libra-inr, etc. which allows countries to retain monetary sovereignty would have been easier for governments to accept. But then, Facebook can't say it's a new currency and circumvent KYC and other local regulations. But who knows? Stranger things have happened. The euro is a currency without a state. Maybe the time has come for denationalizing money.
It's also a matter of principle. There are some who don't like the idea of central bank monopoly. A competing currency could be beneficial even if the only thing it accomplishes is keeping central bankers more vigilant and honest.
I was a little worried about hardware support, so I bought a Dell laptop with Ubuntu pre-installed. Pretty much everything worked out of the box. But my friends tell me that the Linux experience is good with other laptops too.
This hasn't been true for quite a while in many games. Modern engines often do utilize 6-8 cores (they have to to get it to work well on the anemic CPUs in ps4/xb1). Assassin's creed, for instance, struggles to push 60 fps on Ryzen 1700X[1]. Of course, one can always drop settings to slightly above console quality and enjoy 60 fps. But, the idea that GPUs are almost always the bottleneck in games is just a myth.
[1] https://www.youtube.com/watch?v=kG9Bsv-d8HM&feature=youtu.be...
I could be wrong. With the absurd amounts of QE that went on for so long, maybe valuations that price in earnings decades away are justifiable.
Aadhaar needs something like TrustRank or a Web Of Trust where identity and citizenship isn't binary but a continuous number (probability) based on who and how many vouch for your identity. A lot of citizens, especially in rural areas, aren't documented very well. It's best to acknowledge that uncertainty in the system and deal with it.
The public discussion around Aadhaar is very confused. There's hardly anything wrong with a universal ID for every citizen. There are already several in India (Driving License, Passport, Voter's ID, PAN card, etc.). The real privacy issue is around (a) the govt. collecting biometric data, and (b) how much the govt. / third-party service provider learns about you when you authenticate your identity using Aadhaar. The UIDAI doesn't even want to discuss the issue in the open ("trust us, your data is secure. No proof of hacking whatsoever."), and the use of non-open-source software and closed biometric hardware is troubling. If biometric scanners are using proper encryption, who holds the keys? (My guess, the manufacturers have it, and lots of people who shouldn't have it do have it). What's needed is consensus building, maybe through a public consultation, about what the majority of people are willing to disclose to the govt. Biometric isn't an absolute necessity for Aadhaar to achieve it's stated goals. That said, recent polls show that the percentage of Indians who trust their govt. is way higher than in the west, so the govt. can probably get what it wants while playing nice.
There's also very little discussion about how secure the biometrics are. There's no info about what services are considered sensitive and need more than a fingerprint. Fingerprints maybe fine for 5 years, but I have a hard time believing they'll be constant enough for secure identity verification over 80 years. What happens when biometric fails and a significant chunk of the populace can't sign, don't remember their date-of-birth or any password, or even their full name? Again, something like a web of trust would've been helpful.