Modern car companies only directly make a small fraction of the parts that go into their vehicles. There's a whole industry of second and third-tier suppliers for parts. It's simply no longer feasible for any one company to produce every car that goes into a modern vehicle. Back in Henry Ford's day, there were far fewer third party suppliers.
Irrigating an area the size of the United States would be quite the project. Who is going to pay? And how are we going to coordinate a massive engineering project in a region with no stable government?
That's one of the theories. However, there have been attempts at statistical analysis that suggest total gibberish is unlikely. Moreover, that's a TON of work for a practical joke.
It's kind of like when your teacher/parent demanded you do something by the time they counted down from 10. But when you still hadn't done it by the time they got to 1, they started with ever smaller fractions.
I'm not sure even leases come out ahead here. Although the lessee doesn't get the full value of carplay over the lifetime of the vehicle, they also don't pay for the entire vehicle- only the depreciation on the vehicle for the period of the lease plus a profit margin. So, while it added $300 to the vehicle cost, it probably only added around $100 to the total lease payments over 3-years. Under this scheme, a 3-year lessee will pay $160 to have carplay for the duration.
I've been waiting for things to get to the point that desktop hardware is essentially redundant. Smartphones will be able to easily pair wirelessly to a keyboard/monitor/mouse and switch into desktop mode. One device to rule them all.
Of course a smartphone is nowhere near the level of a high-end standalone camera, but smartphones have gotten to the point that they are plenty good for the average Joe.
No question that there are people who need pro-level stuff. But that was never really their market and it is a very small one compared to the consumer side.
I never understood how GoPro ended up getting so hyped in the first place. As smartphone cameras get better and better, the universe of people who really care enough to buy a stand alone camera keeps getting smaller. I know their schtick was "action sports" where a smartphone camera is too bulky or difficult to use, but most people figure out after filming a ski run or two that they aren't Shane McConkey (RIP) and won't be filming much of interest. Then, the gopro goes in the drawer, never to be used again.
I suppose branching out into drones was an attempt at recognition of the above, but the problem is then they had to extend outside their core competencies. There's a lot more to a good drone than a good camera.
"Some situations being riskier than they appear" could literally apply to any moment in your life. The unassuming man walking down the street next to me could be a suicide bomber about to press the button, but that doesn't mean it's rational to go around worrying that every person walking down the street is a potential suicide bomber.
Someone wielding a knife against an officer with a holstered weapon is not a situation that comes up during these controversial police shooting cases. Rather, it's a police officer with a drawn weapon against someone who is at least appearing to have surrendered or is running away. The question is how common is it for someone who appears to be surrendering to suddenly reach for a weapon. I don't know the answer to that, but from police actions it appears their training may be telling them it's a lot more common than it actually is.
This. I find the worst social media addicts are the ones who came to it late in life. A great aunt of mine is similar, but posts anti-Trump memes at a rate of about a dozen a day. I can't stand Trump personally, but the daily barrage of bad photoshops and rants gets old pretty quick. As a Millennial, I probably post something to social media around twice a YEAR on average.
Plenty of real millionaires do have extravagant lifestyles though. You can get rich slow by living like a miser on a middle class salary and investing every penny, or you can get rich (relatively) quick with a successful start-up or a slot as a senior executive. Warren Buffet may be famous for living in the same house for over 50 years and driving a relatively modest cars, but he also flies in private jets and I guarantee he isn't staying at a Motel 6 when he travels.
You can extrapolate 50 years of investment returns on any forgone spending. If I lived in a van down by the river and invested my entire salary, I'd be a very wealthy man in 50 years. But I'd rather live in a nice house for 50 years than be filthy rich as an old man.
The key is to spend money on things that offer good utility on your dollar and balance spending and saving in a way that gives you the lifestyle you are after. A $5/day habit that greatly increases life's enjoyment may be well worth it. If it's not increasing your happiness, then it's probably a waste. Likewise, if there's nothing tens of millions of dollars will buy that will give you much utility, there's little use attempting to make sacrifices to save that much.
The USD isn't just the slips of paper. Those slips are simply one way of accounting for USD (or any other currency). The vast majority of USD simply exist as non-physical accounting entries. You aren't converting "fiat bits" into USD at the bank, you are simply exchanging an electronic accounting entry for a physical record of account.
In theory, a sufficiently trusted entity such as a government or bank could issue slips of bitcoin paper that would serve exactly the same function as paper USD.
Most of those websites aren't really using BTC in the sense that they are actually holding BTC you transfer to them like they would hold the USD you transferred to them. Rather, they've simply set up a conversion as part of the transaction where they receive USD in exchange for the BTC you sent them.
In my experience, it does fulfill that promise. It's usually unlocked before I realize it's doing it. The old finger print sensor on my 6s only worked about 80% of the time for me.
We've only seen isolated incidents of this working. Doubtful such attempts would be successful in 99% of cases. Face ID does not work with my son, who everyone says looks a lot like me. I suppose you can always test it on your child if you are worried about them getting into your phone, and use the passcode if it works.
At the end of the day, all this depends on how much security you really need. There's nothing that can't be cracked by someone with physical access to the device that is sufficiently motivated/resourced. No matter what method you use, someone can always put a gun to your head and demand you unlock the device. If the authorities are demanding your phone be unlocked, odds are you have bigger problems than device security to worry about.
I don't think security is necessarily the issue here, though that's certainly a concern with any crypto. However, given advances in technology, it would be surprising to me if new coins with substantially better security than bitcoin don't come around.
I think you've misread the article. The author doesn't assume the only legitimate usage among criminals. Rather, he posits three potential contributors to the high value- one of which is potential usefulness to criminals.
The article also addresses the deflationary aspect. Yes, Bitcoin itself is deflationary by design, but nothing prevents other cryptocurrencies from being issued- and they are indeed being issued on a fast and furious pace. At the end of the day, the only thing that really distinguishes bitcoin from any of the other myriad cryptos is that it is the first and most well known. Is that enough to keep people bidding into the stratosphere indefinitely?
Slashdot Mirror
Modern car companies only directly make a small fraction of the parts that go into their vehicles. There's a whole industry of second and third-tier suppliers for parts. It's simply no longer feasible for any one company to produce every car that goes into a modern vehicle. Back in Henry Ford's day, there were far fewer third party suppliers.
Irrigating an area the size of the United States would be quite the project. Who is going to pay? And how are we going to coordinate a massive engineering project in a region with no stable government?
That's one of the theories. However, there have been attempts at statistical analysis that suggest total gibberish is unlikely. Moreover, that's a TON of work for a practical joke.
It's amazing. I can have a baby in the Cayman Islands tomorrow, and nobody even has to have sex!
It's kind of like when your teacher/parent demanded you do something by the time they counted down from 10. But when you still hadn't done it by the time they got to 1, they started with ever smaller fractions.
I'm not sure even leases come out ahead here. Although the lessee doesn't get the full value of carplay over the lifetime of the vehicle, they also don't pay for the entire vehicle- only the depreciation on the vehicle for the period of the lease plus a profit margin. So, while it added $300 to the vehicle cost, it probably only added around $100 to the total lease payments over 3-years. Under this scheme, a 3-year lessee will pay $160 to have carplay for the duration.
I've been waiting for things to get to the point that desktop hardware is essentially redundant. Smartphones will be able to easily pair wirelessly to a keyboard/monitor/mouse and switch into desktop mode. One device to rule them all.
Of course a smartphone is nowhere near the level of a high-end standalone camera, but smartphones have gotten to the point that they are plenty good for the average Joe.
I've never seen gopro footage on any of my friends facebook feeds- even the ones who do things that might be mildly interesting to watch.
No question that there are people who need pro-level stuff. But that was never really their market and it is a very small one compared to the consumer side.
I never understood how GoPro ended up getting so hyped in the first place. As smartphone cameras get better and better, the universe of people who really care enough to buy a stand alone camera keeps getting smaller. I know their schtick was "action sports" where a smartphone camera is too bulky or difficult to use, but most people figure out after filming a ski run or two that they aren't Shane McConkey (RIP) and won't be filming much of interest. Then, the gopro goes in the drawer, never to be used again.
I suppose branching out into drones was an attempt at recognition of the above, but the problem is then they had to extend outside their core competencies. There's a lot more to a good drone than a good camera.
"Some situations being riskier than they appear" could literally apply to any moment in your life. The unassuming man walking down the street next to me could be a suicide bomber about to press the button, but that doesn't mean it's rational to go around worrying that every person walking down the street is a potential suicide bomber.
Someone wielding a knife against an officer with a holstered weapon is not a situation that comes up during these controversial police shooting cases. Rather, it's a police officer with a drawn weapon against someone who is at least appearing to have surrendered or is running away. The question is how common is it for someone who appears to be surrendering to suddenly reach for a weapon. I don't know the answer to that, but from police actions it appears their training may be telling them it's a lot more common than it actually is.
This. I find the worst social media addicts are the ones who came to it late in life. A great aunt of mine is similar, but posts anti-Trump memes at a rate of about a dozen a day. I can't stand Trump personally, but the daily barrage of bad photoshops and rants gets old pretty quick. As a Millennial, I probably post something to social media around twice a YEAR on average.
Until there is an actual, specific, and funded plan, all Trump is doing is shooting his mouth off again.
Well, there actually are horse and buggy companies around. But they are quite the niche.
Example: http://www.buggy.com/
Also fun reading: http://www.popularmechanics.co...
Plenty of real millionaires do have extravagant lifestyles though. You can get rich slow by living like a miser on a middle class salary and investing every penny, or you can get rich (relatively) quick with a successful start-up or a slot as a senior executive. Warren Buffet may be famous for living in the same house for over 50 years and driving a relatively modest cars, but he also flies in private jets and I guarantee he isn't staying at a Motel 6 when he travels.
You can extrapolate 50 years of investment returns on any forgone spending. If I lived in a van down by the river and invested my entire salary, I'd be a very wealthy man in 50 years. But I'd rather live in a nice house for 50 years than be filthy rich as an old man.
The key is to spend money on things that offer good utility on your dollar and balance spending and saving in a way that gives you the lifestyle you are after. A $5/day habit that greatly increases life's enjoyment may be well worth it. If it's not increasing your happiness, then it's probably a waste. Likewise, if there's nothing tens of millions of dollars will buy that will give you much utility, there's little use attempting to make sacrifices to save that much.
Back then it was still socially acceptable to use African Americans as your favorite scapegoat.
The USD isn't just the slips of paper. Those slips are simply one way of accounting for USD (or any other currency). The vast majority of USD simply exist as non-physical accounting entries. You aren't converting "fiat bits" into USD at the bank, you are simply exchanging an electronic accounting entry for a physical record of account.
In theory, a sufficiently trusted entity such as a government or bank could issue slips of bitcoin paper that would serve exactly the same function as paper USD.
Most of those websites aren't really using BTC in the sense that they are actually holding BTC you transfer to them like they would hold the USD you transferred to them. Rather, they've simply set up a conversion as part of the transaction where they receive USD in exchange for the BTC you sent them.
In my experience, it does fulfill that promise. It's usually unlocked before I realize it's doing it. The old finger print sensor on my 6s only worked about 80% of the time for me.
We've only seen isolated incidents of this working. Doubtful such attempts would be successful in 99% of cases. Face ID does not work with my son, who everyone says looks a lot like me. I suppose you can always test it on your child if you are worried about them getting into your phone, and use the passcode if it works.
At the end of the day, all this depends on how much security you really need. There's nothing that can't be cracked by someone with physical access to the device that is sufficiently motivated/resourced. No matter what method you use, someone can always put a gun to your head and demand you unlock the device. If the authorities are demanding your phone be unlocked, odds are you have bigger problems than device security to worry about.
I don't think security is necessarily the issue here, though that's certainly a concern with any crypto. However, given advances in technology, it would be surprising to me if new coins with substantially better security than bitcoin don't come around.
I think you've misread the article. The author doesn't assume the only legitimate usage among criminals. Rather, he posits three potential contributors to the high value- one of which is potential usefulness to criminals.
The article also addresses the deflationary aspect. Yes, Bitcoin itself is deflationary by design, but nothing prevents other cryptocurrencies from being issued- and they are indeed being issued on a fast and furious pace. At the end of the day, the only thing that really distinguishes bitcoin from any of the other myriad cryptos is that it is the first and most well known. Is that enough to keep people bidding into the stratosphere indefinitely?
But the article talks about how the content is still dictated by algorithms- the human actors are acting out the algorithm-generated content.