In short; not sure I agree with your generalized statement. I'm sure there are cases where it is true.
1,102 karma · joined November 15, 2010
I do database stuff. Cloud@Neo4j. Ex-Google databases (Datastore, Firestore, Bigtable, App Engine Search)
https://twitter.com/daniswrong https://stackoverflow.com/users/153407/dan-mcgrath
In short; not sure I agree with your generalized statement. I'm sure there are cases where it is true.
I know in NSW, Australia, light timings are standardized based on speed limits. That prevents stupid revenue tricks like that, as well as making all lights predictable.
Either case, I don't think 'Insurance' is going to be the magic thing that will make BTC as viable as traditional currencies.
I worked in a bank designing systems at one point. Even with methods to retrieve money lost through fraudulent transactions, they still had monthly 'Fraud' budgets much larger than my salary for money they couldn't retrieve. Imagine BTC services 'Fraud Budget' when all transactions are non-reversible.
Banks do have a massive advantage in 'Practical' security as well in the form of a 'big stick' aided by the government. Since the practical risks of fraud against a bank are much higher than fraud against an online BTC service (who is the FBI more likely to help), the exposure would be much bigger.
Insurance works on risk profiles. Insurance also works by limiting exactly what situations they do and do not cover (see: All the people who 'thought' they had flood insurance over the years).
Something tells me insurance is going to be a lot more expensive for BTC, which can have a range of impacts that will make it unpalatable for the average consumer, if they or online services can even get (try insuring a Audi R8 under an 18 year old's name...)
Not sure there is as big as a difference between BTC and the current as people would lead you to believe. Emphasis on as since there obviously are differences - at least until new laws get thought up and passed.
Or, alternatively BTC embraces the same banking industry setup it is trying to get away from.
That said, I don't disagree with what you are saying (and upvoted) - just pointing out some implications.
Release Manager: http://bit.ly/XC11vP (long URL)
What I care about: - Agile experience and get help continue to drive the new culture through my teams - Project Management experience - By far the biggest, is that you are smart and passionate about software, we can do training for everything else if you are the right person
Heaps of other jobs around the world here: https://rocketsoftwarecareers.silkroad.com/
You'll be working with all the products on this page: http://u2.rocketsoftware.com/products
Contact details in my profile.
I think he's comment was that the gel isn't necessarily sealing the arteries/veins, only the 'hole in your leg' - the assumption being this could still result in fatal internal bleeding - that more traditional methods such as pressure on the wound or a tourniquet could have had better success with.
I purchased by Dell screen from a store that was not Dell's, Likewise for my Vizio TV, Nintendo Via, HTC phone, etc.
I'm sure we could all live buying Google hardware from a non-Google retailer and so could Google.
(Not saying Google would do that, just saying whether or not they open their our branded retail store is really a non-issue, it should be more about it been available in any bricks'n'mortar store at all)
People still did it in Australia, but no where near as much as here.
My biggest peeve is actually because of the people who are holding the phone to their ear. I have almost been sideswiped a stupid amount of times because someone is holding the phone/hand/arm up on the left side and decides to change lanes without looking, while talking and with body position blocking vision. It makes me angry that mine and others lives are less important than delaying their conversation.
Bugs happen. If a bug happens on the sync-ing service and it trashes your 'back-up'/history then syncs and trashes your primary copy, your toast.
Sync'ing != Backup. They are for different problems and have different restrictions/pitfalls.
"Ex-Google engineer J.R. Rivers — who now runs a networking outfit called Cumulus Networks — says this appears to be an older switch, something that has been used for about three years or so"