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User: complete+loony

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  1. Reserves do not constrain loans, they have to be held based on the value of deposits.

  2. Fractional reserve banking is a myth. Banks *don't* need reserves to lend money. In fact they *can't* lend their reserves.

  3. But that's exactly what money is. When you borrow money you create additional spending power out of nothing, boosting the economy. And when you repay or default you destroy spending power. Pretending that nothing is gained or lost when a company fails is silly.

  4. So now to install Chrome / Firefox *and* set them as the default browser you have to click two of these grey buttons.

  5. Re:Doesn't look that apocolyptic to me... on Cryptocurrency's 80 Percent Plunge Is Now Worse Than the Dot-Com Crash (bloombergquint.com) · · Score: 1

    The drop in value of other alt-coins has been more savage. This is what TFS is talking about.

  6. because money is only transferred

    No. Money can be created and destroyed, it happens every day. A bank issues you a loan, which you hand over to a vendor, who deposits that money in their account. And that process can run in reverse too. This process creates both an Asset and a Liability in the banking sectors chart of accounts at the same time.

    If you then repay or default on your loan, this really does destroy money.

  7. Whitelisting vs blacklisting.... on Exploit Vendor Drops Tor Browser Zero-Day on Twitter (zdnet.com) · · Score: 1

    Why does the TOR browser even have a javascript engine?

  8. Re:Is it overall lack of change? on 'You Can See Almost Everything.' Antarctica Just Became the Best-Mapped Continent on Earth (fortune.com) · · Score: 1

    Plus there are no transient changes that would mess up the measurement over time. Like tree leaves, crops or vehicles.

  9. Absolutely not on After 24 Years Doom 2's Last Secret Has Finally Been Discovered (polygon.com) · · Score: 2

    Apparently the secret sector was an area just below the floor of a teleporter -- but entering that teleporter meant players rose up to the level of the teleporter's floor

    Absolutely not. Doom is a 2.5D game. A sector has a floor and a ceiling height and is surrounded by either other sectors or the area outside the map. There is no *above* or *below* a sector. In this case the sector is marked as a secret, and the walls are marked as teleporters. Touch the walls and you are transported somewhere else, *before* entering the sector and claiming the secret.

  10. Re:Because regexps are stupid. on The 'Scunthorpe Problem' Has Never Really Been Solved (vice.com) · · Score: 3, Funny

    That sounds like another clbuttic problem.

  11. Re:To put this in perspective on Waymo Self-driving Cars Are Having Problems Turning Around Corners (siliconangle.com) · · Score: 1

    They could be giving you examples where they believe they already know the answer, but just need to be certain. Asking a lot of users to test a small number of images is much cheaper than employing them yourself.

  12. Re:I see a business opportunity here... on Trump Accuses Google of Rigging Search Results To Favor 'Bad' News About Him (cnet.com) · · Score: 1

    Redirect to Trumps inauguration speech on pornhub?

  13. Well, with whatever patches wine accepts, or wishes to cherry-pick, at least.

  14. Re:Not particularly worried here on New VORACLE Attack Can Recover HTTP Data From Some VPN Connections (bleepingcomputer.com) · · Score: 1

    The biggest target here would be http intranet applications, accessed over VPN's.

  15. Re:Not particularly worried here on New VORACLE Attack Can Recover HTTP Data From Some VPN Connections (bleepingcomputer.com) · · Score: 1

    Javascript can easily trigger GET & POST requests for other domains. Add a test sequence to the url or post body while a MITM attack is watching the compressed size of the packets. If it compresses better the test sequence must appear somewhere else in the request bytes sent to the server. See also BREACH & CRIME.

  16. Re:Three per month? on MoviePass Is Limiting Selection To 'Up To Six Films' a Day (techcrunch.com) · · Score: 4, Informative

    This is about limiting the choices you have available when picking those three movies...

  17. Does nobody remember this story from last year? on Australia To Pass Bill Providing Backdoors Into Encrypted Devices, Communications (theregister.co.uk) · · Score: 1

    "the laws of mathematics come second to the law of the land"

    Australian Prime Minister Malcolm Turnbull

  18. Re:Design, design, design on When Working in Virtual Reality Makes You Sick (medium.com) · · Score: 1

    A medium sized room is probably enough. There is some research to suggest that you can redirect users by shifting the scene during their eyes saccadic movement. No idea if people find that uncomfortable after a long session.

  19. Re:Water is water on Earth Overshoot Day Came Early This Year. That's a Bad Thing. (popsci.com) · · Score: 1

    Capetown, Brisbane....

    Running low on water sucks. But it isn't over-use that causes the worst problems, but a sudden reduction in supply.

  20. Re: Distopian future.. on Slashdot Asks: Which is Better, a Basic Income or a Guaranteed Job? (timharford.com) · · Score: 1

    I'm not sure it's possible for the US government to collect that much. Income tax revenue has never been sustained about ~20% of GDP. Much higher marginal tax rates, even 90%, didn't get above that for long. People respond to incentives, and arrange on way or another to stop earning wages when they don't keep enough of it, either by adjusting where, when, and how they get paid, or simply by working less and retiring earlier.

    20% of GDP distributed equally to all US citizens is about $12k. But you need to pay for government too, especially it's biggest expense: Medicare.

    That's a nice economics textbook you have there;

    “A network of intergenerational transfers makes the typical person a part of an extended family that goes on indefinitely. In this setting, households capitalise the entire array of expected future taxes, and thereby plan effectively with an infinite horizon”

    That's absurd, people don't think like that. In fact, government deficit encourages economic growth. But that's a separate argument.

    No, what I'm talking about is giving everyone 20-30k (or something), then clawing that back with a high tax rate on every dollar earned. So if you were earning (out of thin air) ~$60k after tax, you will still be taking home about the same. Except that the first $20k was given to you as the UBI, and you paid much more in taxes on your income.

    For most people this is an accounting trick, since you could settle the UBI payment through the tax system for everyone paying more tax than the amount of the UBI.

    A UBI would also replace the funding model of many government programs. Shifting from taxes paying for the service, to user pays. Public housing? Public school? Now you have to pay out of your UBI. In many cases, enabling competitors to provide the same service.

    Does UBI replace programs like unemployment and disability? Do you pay the elderly more (who, on average, are much wealthier than the overall average)? Do you pay everyone enough for the elderly to subsist on cat food? But that's about $24k, which is untenable.

    The devil is in the details, and the details would need to be carefully examined and modeled.

  21. Re: Distopian future.. on Slashdot Asks: Which is Better, a Basic Income or a Guaranteed Job? (timharford.com) · · Score: 1

    Sure, increase taxes to offset the cost of the UBI, but just use the usual marginal rate system. At some point your tax will equal the UBI. And I'm certain there will still need to be some privilege re-leveling payments; old age, disability etc.

    The problem with "roll-off of benefits" is that they often suddenly cut out when you have some rate of income. When you add together the tax rate and the loss of benefits, the effective marginal tax rate of that extra dollar of income can be greater than 100%.

  22. Re:Fully autonomous or sort of autonomous? on Waymo's Autonomous Vehicles Are Driving 25,000 Miles Every Day (techcrunch.com) · · Score: 3, Insightful

    Waymo autonomous cars drove 352,545 miles in California between December 2016 and November 2017, and disengaged from autonomous mode 63 times

    No idea if the car was about to do something dangerous, or was disengaged because the driver got impatient. If the car chose to disengage, that's a small enough number that in areas with good data coverage, a driver in a single call center could take over remotely.

  23. Re:read the MS Dev document on Windows 10 and Windows Server 2019 To Support True UTC-Compliant Leap Second (thurrott.com) · · Score: 1

    Changing the OS to track leap seconds is one thing. I want to know how the time value returned by the various OS and application framework API's will change. Getting that right is important, but also much more difficult.

  24. This basically sums up why google took the approach they did. Too many manufacturers and carriers screwing around with sub-par apps that destroyed the name Android.

    If google really want to fix this, they should strip the core of the OS, that the user can't uninstall down to the basics. Let the manufacturer and telco install their bundled crapware, but *always* leave the user the option to clear it all out. Then provide a standard google / android set of apps, that the user can easily choose to install one at a time, or as a whole.

    Heck give samsung / Amazon the same capability, if you really want their set of standard apps, you should be able to install them without needing to build your own complete ROM image.

    It's my phone, it doesn't belong to google or samsung or my telco. No matter how much any of them wish for it to be so.

    But google can set limits on what can be called "Android". And they care about the reputation of that trademark.

  25. Re:Quick - Panic! on New Spectre 1.1 and Spectre 1.2 CPU Flaws Disclosed (bleepingcomputer.com) · · Score: 3, Insightful

    If I received a dump of memory from a process there's probably a lot I could work out just from a hexdump as well as running strings or grep. I've personally reverse engineered a few proprietary binary file formats by making small changes in an application, then staring at hex dumps of the saved files.

    It's not a huge leap to do the same with the RAM of a target program. Run it in a debugger, make small changes and watch where those changes are written. Once you work out what to look for, then you automate the search in the virus.