37 karma · joined November 25, 2009
There will also likely be a small amount fo LINK required to start a node with enough reputation to gain assignments which would also increase the cost of a Sybil attack.
https://medium.com/@signal_capital/https-medium-com-signal-c...
1. The repeal of the Glass-Steagal act. This allowed banks to undertake the business of commercial banks, investment banks, and insurance agencies. That means that, banks were able to build these complex derivatives, use money from people's savings accounts to partake in risky investments, and then insure them with high standards. All from under one roof.
2. The investment firms went public. This was a fundamental change in the 80's where Goldman, Morgan Stanley, and many others where they became officially owned by the public. That ment that the risk of all their losses was owned by the shareholders as well as profits. Risky investing became the norm, because if you lost a ton of money for Goldman, you may have gotten chewed out or lost your job. But if you made a ton of money for Goldman, you had a very large bonus waiting for you.
Now this mindset has just grown out of hand. It's greed that is driving our financial center, Wall Street.
UCLA may be more well known all around, but if you want to study any discipline of engineering, Rose-Hulman is the way to go. And in fact, RHIT probably has a better reputation when it comes to engineering anyways.
True test: Wold Cup 2010
The "good old boy" network was reluctant to admit that they all screwed up.
That being said, the entire payment process seems very awkward. The fact that the merchant has to hand the physical register over to the customer for the signature doesn't seem very practical; who is responsible for a dropped/broken iphone/ipad?
I can understand the need for this service for merchants that previously didn't have access to credit card acceptance, but why not try and change the outdated and antiquated systems that we all use today, instead of making them more prevalent?