sek

The author talks about it like the only alternative is overthrowing the system. This is another extreme, maybe the word you should use here is the social market economy (https://en.wikipedia.org/wiki/Social_market_economy). We use this term here in Germany, even our most deregulation friendly party is committed to it and by definition it's still capitalist.

This looks really bleak, everybody who had some liabilites to Thomas Cook in any way should at least consider the chance of insolvency.

The hotels should be able to check this information, but consumers?

Every person who gets a new phone contract has his credit rating checked, but if hundreds of thousand people buy expensive flights nobody warns them about the risk.

I think they overdid it with the branding. Snap from SnapChat was already pretty short, but it is at least a verb and not a pronoun.

Money is looking desperately for something to invest in and the problem of Hollywood and cable companies was that they made too much money. Netflix was a distributor who figured that out and was creating a low subscription model for content.

When the content producers realised this Netflix was exposed, they knew they would not renew their contracts and as a defensive measure just started producing content like mad. They had all this leverage because the market is flooded with money and they have a pretty stable revenue stream.

Netflix is what Napster was for music, because movies were always too big to pirate it took a little longer. Now it's too late, people don't buy a CD with one song for $12 dollars and they won't pay $100 for a cable subscription any longer.

I am interested and use backend architectures like DDD and have domain expertise from various fields.

Location:

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  Email: sekistner@gmail.com

Look at the history of other industries, there have been hundreds of car companies before Ford took out most of them with the Model T.

Imagine you are one of those people working is the car industry before that. "Company X had a car that drove 50 miles per hour, a new record, insane! The last record got broken just a few months ago...".

What is happening in other mature markets with good dynamics is that gains come much more slowly and it becomes "boring" so you don't think about it too much. You get an incredibly efficient and secure car for a few thousand dollars, profits come from people who buy for status. If you look at the truck industry or aviation, the margins are really low, buyers mostly care about price there.

Most people don't need more than a smartphone, they already buy for status, others need a Mac or a cloud instance like truck drivers need a special kind of car to do their work.

There are just so many car companies, there will be just so many cloud hosters with will compete for ever shrinking margins to run your cloud-function-app magically infinitely scalable on their gigantic datacenters. If you want your own get a raspberry pi rack.

This is amazing, this frees so much energy and resources to focus on other stuff that matters.

Look at software, the next decades we can focus on creating ERP-Systems that are as perfect as Whatsapp.

Then SpaceX and Blue Origin will compete to bring your 3D-Printed robot spaceship into space you just simulated in your hyperrealistic Kerbal Space Program. The enabler here is price per kilogram to orbit.

That's where my imagination stops, because it's "the final frontier" and the problems there are really infinitely hard.

Driving was always limited by the costs of somebody sitting behind the wheel. Look how congested many cities of third world countries are, low labor costs for cab drivers are a factor there.

Analytics, authentication, support etc. you don't know what Lyft uses exactly here from AWS. For example if they use Auth0 instead of Cognito they pay that part to Auth0. AWS prices are very competitive most of the time.

AWS is the Walmart of enterprise IT, they sell you everything else too.

Interest alignment is also with the self driving company, they have any incentive to improve safety of the car. They are simply liable so they act as an insurer and just add that to the cost of the self driving module.

For the buyer this should remove most need of insurance. Even if there is some "manual mode" the obvious provider would also be the self driving operator. They could track driving behaviour and adjust the rates, or offer some limitations for accident prevention.

So the insurance itself is still there, but it will be less important and shift to the self driving operators. Even if you own a car, you would pay some fee for the self driving module for updates and liability in one package.

I worked for insurance companies. Car insurance is a huge business, but not a very profitable or even sold at a loss. It is often used to get new customers to offer them other more lucrative products. That going away is still a huge shift and those companies are very old and slow.

For example in beverages and fashion the capital needed for production is very limited, it's all about marketing and getting marketshare. Software is a mix where building is not as trivial, but it's for those big companies mostly about positioning and sales. Those industries are much more sensitive about ROI, it's not easy to find ways to spend you money in those areas.

Google/Apple/Facebook are just very profitable companies with in internal investment arm because they don't pay dividends or make huge buybacks, what a traditional company like CocaCola would do with those huge profits.

There are investment companies with hundreds of billions under management, so that's also nothing out of the ordinary. So the money is still invested, those companies don't have their billions on a bank account. Only this way those companies still have access and control over it, for acquisitions for example. Is that a good thing? Probably better than in some random fund owned by some individuals who are much more risk averse.

Tesla is another story, but from an outside perspective it's just very risky. They could've easily went bust if the Model 3 production went south, that's why it's tough for him to raise capital. Not many entities can gamble like that with billions, if it was a sure deal there would easily be enough capital available for Tesla. Look at the balance sheets of mayor car companies, for example Daimler has a quarter of a trillion in assets.

You are talking about dioxins, they use that in the food and they don't have limits like meat for it. They found that it's still pretty close to the limit of meat and if you don't eat it daily it shouldn't be able to accumulate.

They need some of those for the feeding process, but they know it's bad PR and try to find alternatives.

This is something that can be monitored and optimized for.

Btw they are fed mostly with soy and fish flour (salmon is a predator). It's very regulated, Salmon from Norway is a huge brand and they all would have issues that's why it's very regulated.

The Salmon industry in Norway is a huge billion dollar industry, labor costs there are high so it's dependent on technology.

It's profitable, but also very competitive and every small edge increases it. The ingenuity of optimising every step is inspiring.

It's also in the bigger picture pretty ethical, it satisfies the demand for fish without destroying the natural ecosystems.

They are apparently so powerful they are the "Mafia of the Mafia", no sources just that they are "The Jewish Mafia". Are there Jewish mafiosi? Sure, like a lot of other nationalities and ethnic groups, but I doubt any mafiosi will see them as above them as the "puppet masters of international crime".

You call this intellectually honest?

Most of them were and are legit and the affinity just coming from jewish immigrants having a history in those fields living in europe. Not for money laundering what you implied. They are very well connected and help each other.

https://en.wikipedia.org/wiki/Causes_of_the_Great_Depression

Deflation or Hyperinflation on the other side is nothing compared to the crises we have today.

They are both a path for disaster, this is the primary fear of economists.

Good explanation: https://www.quora.com/Why-is-2-the-ideal-inflation-rate

I mean there is a limit how long we can preserve living humans and multi generational ships are very fragile ecosystems.

What is this mystical "future AI" that makes every software developer or engineer suddenly obsolete. Maybe creative thought requires a brain and nothing will ever beat human reproduction in producing engineers.

Let alone software, there is an infinite amount of ways how stuff can be better and more efficient. The same goes for engineering, as long as stuff costs more than the materials it takes to produce them. Let alone new fields like material science (graphene) or space exploration.

The demand for those jobs will grow even more to make this robot future happen.

The only thing that needs to change is education in those fields. Why can't work the rest of our population in those areas? Just use tools like capital gains tax (the value those robots produce) and direct those funds into education. If you say that's impossible, in theory a person with average intelligence can learn those things by himself with a single computer.

Tell me where the big flaw is here?

I just fear that some IoT device also has to burn a house down until something happens. Right now it's just webcams, soon it's ovens which can be exploited easily. This needs to be pushed right now, the stuff is already on the market.

This guy is a good argument against these long sentences, it doesn't make any sense for a society to keep this guy until he dies in prison for taxpayer money (not even considering the cruelty of it). Especially when he didn't commit a murder.

You can go down that road, but this a whole full time career and it usually takes years to be good enough at it.

I could recommend this book (http://www.amazon.com/Building-Algorithmic-Trading-Systems-W...) to get an understanding for the craft.

The amount of money at stake is probably not he same, but the anonymity of Bitcoin makes up for attractiveness as a target.

AFAIK most smaller banks use third party software/services. Maybe there is a need for a bitcoin exchange software provider that takes care of the critical parts and you build your interface/business on top.

I think that says a lot about the future of the product.

I mean there is a point of McDonalds not being 'bad' in general, it's a cheap way to get a full belly if you are living on the street.

Maybe there should be a way to get Soylent for less easily on the street so it can replace the McDouble.

It's like 1000 free minutes, nothing else.

Becoming a virtual provider works with E-Plus, that's why there are very innovative ones in Germany. I use simquadrat.