1,000 karma · joined January 28, 2016
I realize that part of the problem is that it's hard for my brain to extrapolate a few months of observations into a decades-long trendline, but I really would love to see a product that helps my brain bridge the gap between my own perception and the big money chart.
That being said, I agree with you 100% on the cryptocurrency payments issue and think that was a misstep on their part.
I find it much more likely that military resources would be diverted to somewhere upstream of mining in the value chain. For example, if we continue relying on carbon-intensive proof-of-work blockchains, why wouldn't armies simply be diverted to secure energy resources?
All that being said, I feel like they're really unfairly dismissing a lot of real concerns by characterizing them as just saying "cryptocurrency is the worst". The Signal Foundation absolutely understands that the key to winning the competition against FAANG and surveillance-based tech is just as much PR as software development. It requires people trust the app and the foundation to have their best interests in mind. Cryptocurrency may be popular, but it's definitely not synonymous with "safe and trustworthy" by any means.
They also don't really answer the regulatory question. Governments, in particular the US government, really doesn't like unregulated finance. If there's a case to be made by some SEC or FBI busybody that the Signal Foundation is involved in financial crimes, they have a lot of resources available to bring the hammer down on them. And that's just the worst-case scenario. There are plenty of other avenues that the US government could use to kill this feature (or the app as a whole), including exerting legal pressure on Apple/Google to remove it from their App Stores, or simply making MOB next-to-impossible to purchase legally.
I am in support of their mission to make payments private and secure. And I think there is a universe in which I can see this working out for Signal. The last few years have brought news of several well-known powerful people using Signal. US politicians have been known to use it, and the latest Facebook data leak seems to indicate Mark Zuckerberg is a user as well. If Signal is widely understood to be so valuable that people in positions of power are interested in using it, maybe they're betting that no one will dare touch them because they're too big to regulate. Here's hoping!
Granted, I didn't quit my job, but after graduate school I moved to Germany from the US and took a job consulting. For three years I lived in places like Berlin, Madrid, Split...etc for 3-9 months at a time. There were enjoyable things about it, sure, but I really underestimated how difficult it was to discard your entire social circle and start over. A few years ago I moved back to the US, in a city where a lot of my friends had moved to, and it was probably the most positive decision I've ever made in my life.
I also feel like my time abroad didn't "broaden my horizons" all that much, and I find myself skeptical about the claims that international travel makes you a better person. I think what you get out of travel is heavily based on how you decide to relate to places and people, and merely leaving your country does not guarantee this will change.
It's true that there are natural factors at play here, but in the case of Beirut, that might be more akin to asking "why is there such a large market for ammonium nitrate?"
Advertising on competitor listings is a bread and butter marketing strategy that happens everywhere. If you're a BBQ restaurant owner, you want to advertise on your competitors' branded keywords because it's an obvious place to acquire new customers.
The underhanded move on the part of food delivery platforms like GrubHub, DoorDash, Caviar, UberEats, etc., is that they increasingly are nudging their users to completely remove the restaurant brand from the loop. Open up one of the apps and notice a few things about the user experience they're pushing:
- foregrounding "dishes" and "cuisines" rather than specific restaurants
- hiding/burying the ability to just browse a list of restaurants, instead opting for themed or algorithmically generated collections of restaurants and dishes.
I get the distinct sense that DoorDash, GrubHub, and the other delivery platforms want their users to think of the platform as the source of the food, rather than the restaurant. "Let's get some ribs delivered from GrubHub" rather than "Let's get some ribs delivered from Saddleback BBQ via GrubHub".
This makes perfect sense for a company operating a two-sided marketplace - you ideally want to become indispensable to both sides. Restaurants need to realize that the marketing opportunities the platforms are offering will only provide them value as long as they're not entirely captured by the platform. And since restaurants have much lower brand recognition and far lower marketing budgets, it's going to be tough to fight back.
It used to be said that a college degree was a ticket to a well-paying job. Now, a few decades later, we're told to get a STEM degree, because other degrees are worthless. Who's to say that the criteria won't get even narrower in the future?
Degrees aren't a symbol of skill nearly as much as they are a way for the market to allocate well-paying jobs, and the allocation is getting smaller all the time.
I don't understand it. I understand the imperative for social distancing, of course. But it seems like enforcement has been targeted at relatively low-risk activities (hanging out in large, public outdoor spaces) and not at all at the high-risk ones (e.g. where I live in Brooklyn, half the laundromats have closed and the remaining half are constantly crowded).
I can't help but think that part of this impulse comes from a certain sour-grapes mentality that sees people trying to enjoy themselves during a trying time and wants to take it away from them. A real public health intervention would ensure that all necessary activities - getting groceries, doing laundry, going to work - are just as safe as going to the park.
Even if a low farebox recovery rate were the problem, the solution isn't increased policing. Many people in NYC simply can't afford to ride the subway, and you're not gonna magically squeeze money out of them.