1,592 karma · joined May 21, 2014
Techie & armchair economist
Source: I'm stuck in San Juan, having my Delta flight for tomorrow morning cancelled.
I agree, though I think at the root it's created by people investing irrationally and the wisdom of crowds that comes with it. Part of that can be mitigated by good regulation.
> Secondly, if there is a crash, the best thing to do is nothing. Let the people who invested poorly get wiped out-- it's better for the economy.
This is quite a harsh and risky thing to say. It is the fair solution, however sentiment and trust plays a big role in economics. If big(ger) banks had failed back then it would have been much worse for everyone.
> Bailouts are part of the game-- thats how they scam us. Bailouts don't protect us (that's the con.)
I think the scam actually happens through the years prior to the bailout, when institutions close their eyes to the bubbling up of the economy. Once the crash moment is reached there is not much left to do.
Thanks for the book reference, I have a very long flight tomorrow and I was actually looking for some books!
That's like me not acknowledging that a black athlete has a genetic advantage over me that would make a difference if we were competing at the 0.1% top level.
I think Google's action is not a right or wrong approach, it's a measure of maintaining order and keeping everybody 'happy'.
On another note, I watched the 100m men's final this Saturday and noticed white men are worse at running than black men. Would that be racist towards whites if the stats were confirming my opinion?
> Point being, there's got to be a better explanation for CEO pay than ROI on their services. I'm not sure there is a better explanation for it for now.
It's not uncommon the case where an employee is frustrated with his manager earning X times more than them while doing 2h lunch meetings every day. The manager might bring tremendous business value though.
As mentioned in the article already, P2P is quite heavy to scale (one-to-many streaming) so you will likely need centralisation. WebRTC is also fragile in the wild due to NAT. Wowza would split the NAT problem into smaller pieces at least.
Not involved with the product, just really excited about it.
https://www.wowza.com/products/capabilities/webrtc-streaming...
> .. which passes it encrypted via HDCP2 to the monitor.
And where does the decryption actually takes place?
> EDIT
https://en.wikipedia.org/wiki/High-bandwidth_Digital_Content...
> In order to make a device that plays HDCP-enabled work, the manufacturer must obtain a license from Intel subsidiary Digital Content Protection LLC, pay an annual fee, and submit to various conditions.[5][6][7] For example, the device cannot be designed to copy; it must "frustrate attempts to defeat the content protection requirements";[7] it must not transmit high definition protected video to non-HDCP receivers; and DVD-Audio works can be played only at CD-audio quality[7] by non-HDCP digital audio outputs (analog audio outputs have no quality limits).
This sounds quite far-fetched though. I'm quite sure we're going to see people literally recording their TV screen with a hand-camera soon.
How about the case where the hardware doesn't support it. Would screen-grabbing be possible then? Where will the decryption take place in that case?
As someone else pointed here:
> You can't simultaneously give us the content and not give us the content.
But on the other hand I'm sure there are a whole lot of young people on the other side of things. Those who start learning about stock-trading and soon see it as a way to make money fast by taking huge risks. They get spammed by 500$ signup bonuses to various stock-trading platforms, they're presented with 100x leveraged trading options and such. I don't see much benefit in that.
What I think is young people should be taught how the market works with a huge grain of salt. Definitely not by letting them go wild with play-money since we all know what will follow up.
I always thought of stock-picking as something that the average Joe should be careful with. Trading on less information than insiders and slowly being eaten by fees and taxes. It's an under EV game.
Besides that there's the wisdom of crowds that will eventually follow the trends and invest irrationally (pump and dump). That's how bubbles are created.