NotMyOldRedditName
@NotMyOldRedditName@lemmy.world
- Comment on Nasdaq Seeks Nod From U.S. SEC to Tokenize Stocks 1 week ago:
Dlr is canada and takes 3 days.
And even a day is a long time. And then there’s weekends.
- Comment on Nasdaq Seeks Nod From U.S. SEC to Tokenize Stocks 1 week ago:
It would reduce the settlement time from multiple days to likely minutes.
When you trade a stock today, it’s not actually complete for 2 or 3 business days as it has to go through the settlement process. Generally, it doesn’t cause problems for retail traders, but even for us it can introduce real issues sometimes and delay you from making a trade.
For example, in Canada, the cheapest way we can convert CAD<–>USD is through a process called Norbits Gambit.
You buy DLR.TO (CAD) or DLR.U.TO (USD) and then your have them journal your shares from one to the other for free, or a small fee like $10. You don’t pay an exchange rate fee, however, because the trade hasn’t actually settled when you buy the shares for 3 days, they can’t journal them. So for 3 business days you’re exposed to any fluctuation in the exchange rate. Generally that’s cheaper than what a bank will charge you and it’s the risk you take. It’s also a 1 way risk, I can’t recall if it’s USD -> CAD or CAD -> USD, but one of them is locked in, and the other is exposed.
At WealthSimple, when you sell some shares, you can’t actually transfer the money to your bank account on the same day.
I’m sure it can cause more problems for professional traders and institutional stuff.
- Comment on DDR4 costs soar as manufacturers pull the plug — panic buying and stockpiling impact DDR4 spot pricing as supply dwindles 1 week ago:
Don’t forget to sell the unicycle when you buy the car.
- Comment on DDR4 costs soar as manufacturers pull the plug — panic buying and stockpiling impact DDR4 spot pricing as supply dwindles 1 week ago:
I think the point is, if you’re not carrying 4 passengers all the time, why the fuck did you buy a car, when you could have bought a unicycle.
- Comment on China turns on giant neutrino detector that took a decade to build 2 weeks ago:
RFK Jr announces that the environmental hazard is being hit by a neutrino while in the womb!
- Comment on Tesla loses Autopilot wrongful death case in $329 million verdict 2 weeks ago:
So, turns out Tesla really is going to try and get the verdict tossed by the judge rather than (or in addition) to an appeal.
…courtlistener.com/…/gov.uscourts.flsd.593426.568…
Tesla Is Entitled to Judgment as a Matter of Law (or at Least a New Trial) on Liability. For Tesla to be liable in any amount for this tragic accident, Plaintiffs were required to prove both that Tesla’s 2019 Model S was defective in some way and that the defective design or warnings caused McGee to blow through a stop sign and crash his car into an SUV that was parked well off the road when he was pushing the accelerator while fishing around for his phone. Lesnik v. Duval Ford, LLC, 185 So. 3d 577, 581 (Fla. Dist. Ct. App. 2016). Plaintiffs’ liability case hinges on two experts whose testimony did not meet the standards established by Federal Rule of Evidence 702. Especially without their testimony, the record cannot sustain the verdict. But even with their testimony, Plaintiffs failed as a matter of law to establish that the 2019 Model S—which provided a carefully engineered system and offered extensive warnings on its breakthrough Autopilot system—was defective or caused the injuries that Plaintiffs suffered after McGee crashed into Benavides and Angulo. The Court should grant judgment as a matter of law in Tesla’s favor on liability or, at a minimum, a new trial.
- Comment on Google will require developer verification for Android apps outside the Play Store 3 weeks ago:
Then they’ll ban you for life like they do other people who violate their rules, and they’re very good at banning people who try to open new accounts and banning people who have any links to you.
- Comment on Computer Science, a popular college major, has one of the highest unemployment rates 4 weeks ago:
When android and ios were taking off, I’d see job requirements saying 8 to 10 years experience on Android development.
It hadn’t been out 8 to 10 years.
- Comment on In a first, Google has released data on how much energy an AI prompt uses 4 weeks ago:
There were people estimating 40w in earlier threads on lemmy which was ridiculous.
This seems more realistic.
- Comment on CrowdBucks is a new payment system for the Fediverse 4 weeks ago:
Sub penny on L2 and a couple cents on main net unless a big event is happening on main.
- Comment on Be honest. You were also fooled by what you thought that you saw 4 weeks ago:
Got me
- Comment on Steam payment headaches grow as PayPal is no longer usable for much of the world: Valve hopes to bring it back in the future, 'but the timeline is uncertain' 4 weeks ago:
That’s actually a pretty realistic option given the 2 hour refund window.
Maybe allow it only after 1 successful deposit, and revoke it after 1 failure for a long period and X successful payments.
- Comment on Steam payment headaches grow as PayPal is no longer usable for much of the world: Valve hopes to bring it back in the future, 'but the timeline is uncertain' 4 weeks ago:
The digital shit is so complicated it takes a huge amount of employees. Integrations with hardware (payment terminals), banks, setting up infrastructure so others can accept your payments, automated fraud detection, digital compliance in every country they want to target, it’s huuuuuuge. Thousands of employees.
It used to be do a carbon copy of the card and send us the receipt.
Valves internal structure wouldn’t scale to that size either, and they have no experience running a company of the size that would be required in a different structure.
- Comment on Steam payment headaches grow as PayPal is no longer usable for much of the world: Valve hopes to bring it back in the future, 'but the timeline is uncertain' 4 weeks ago:
And that’s back to my point of people not wanting to leave money places in case they want to buy a game in the future.
- Comment on Steam payment headaches grow as PayPal is no longer usable for much of the world: Valve hopes to bring it back in the future, 'but the timeline is uncertain' 4 weeks ago:
That is such a monumental task and valve only has between 350-400 employees.
Stripe has around 8500 employees, and they only integrate with credit card companies.
When sears made the discover card, they had hundreds of thousands of employees, and they didn’t need to deal with all the digital shit we gotta deal with now.
- Comment on Steam payment headaches grow as PayPal is no longer usable for much of the world: Valve hopes to bring it back in the future, 'but the timeline is uncertain' 4 weeks ago:
Even having to wait an hour is a fantastic way to lose a sale.
- Comment on Steam payment headaches grow as PayPal is no longer usable for much of the world: Valve hopes to bring it back in the future, 'but the timeline is uncertain' 4 weeks ago:
That takes time (days) that people don’t want to wait to make a purchase, nor do people want to leave a balance with companies or have to worry about topping it up so they have enough to buy the next game they happen to want without waiting.
- Comment on Steam payment headaches grow as PayPal is no longer usable for much of the world: Valve hopes to bring it back in the future, 'but the timeline is uncertain' 4 weeks ago:
The problem was the congested network causing unreliable transactions that would take too long which would make the price too volatile.
That led to too many refunds or failed payments or payments that were no longer sufficient.
All of those problems can be avoided today using a stable coin not on the bitcoin network.
- Comment on Steam payment headaches grow as PayPal is no longer usable for much of the world: Valve hopes to bring it back in the future, 'but the timeline is uncertain' 4 weeks ago:
They could even issue their own stable coin if they were weary of being reliant on another. I think valve would be viewed as trustworthy in keeping the 1:1 backing in a bank account.
- Comment on Steam payment headaches grow as PayPal is no longer usable for much of the world: Valve hopes to bring it back in the future, 'but the timeline is uncertain' 4 weeks ago:
They know exactly how to do it as they did it before but had to stop because the bitcoin network was artificially congested and it caused failed transactions or multi hour long transactions where the price dramatically changed. This resulted in complicated refunds or delays which resulted in unhappy customers.
They can avoid that all now by simply accepting stable coins like USDC. For every issued usdc there is 1 usd in a bank account somewhere. The value barely fluctuates. There are networks that can handle the volume this would create without getting congested nowadays as well.
Given the mess that happened last time though I imagine they are highly reluctant, although this could be enough motivation.
- Comment on Steam payment headaches grow as PayPal is no longer usable for much of the world: Valve hopes to bring it back in the future, 'but the timeline is uncertain' 4 weeks ago:
Based off what? The option is credit cards or crypto.
They don’t need a valve pay got crypto. They could easily accept something like USDC to accept crypto and not deal with volatility.
For credit cards all that would do is bypass the intermediaries of they directly integrated to a credit card company, and then they’d still be subject to their rules that the intermediaries claim they violate to protect MC etc from having to say it themselves. It’d solve absolutely nothing.
Also a direct integration like that is a multi billion dollar business and all the effort and expenses that would come with that without even solving the root problem.
- Comment on Forget Netflix, Volkswagen locks horsepower behind paid subscription 4 weeks ago:
Not sure how well that would stand up in court as they can only void things if they can prove the alterations broke it.
So if you remove it and the warranty is 4 years 50k km, and it dies after 1 year, early wear and tear doesn’t seem likely. But maybe closer to the 50k they could claim it somehow?
- Comment on Forget Netflix, Volkswagen locks horsepower behind paid subscription 4 weeks ago:
What happens when you sell the car? Does it go back to factory features?
I already said - But it’s gotta be a 1 time purchase and is lifetime of the car.
or you’ll need to modify the documents after unlocking the feature.
Usually when you unlock something it increases the value of the vehicle, and you need to let insurance know or the extra value won’t be covered. This is already pretty normal in any kind of insurance.
- Comment on Forget Netflix, Volkswagen locks horsepower behind paid subscription 4 weeks ago:
I loathe the idea of a subscription, but you buy a car upfront knowing what specs you’re getting.
If they want to unlock more power for a one time fee, that’s fair game. It actually does have a cost incurred on them via increased wear and tear and warranty claims.
But it’s gotta be a 1 time purchase and is lifetime of the car.
Also tough luck if you failed to secure it properly and someone jailbreak it. It’s their car they can do whatever the fuck they want to it.
- Comment on Starlink tries to block Virginia’s plan to bring fiber Internet to residents 4 weeks ago:
Giving municipalities (cities, counties) the funds to build out their own fiber networks is good.
Assuming the big ISPs don’t sue or lobby to make it against the law for those cities to or counties to then build it.
- Comment on Blamed for Steam games ban, Mastercard encourages censorship during Riot Games VCT livestreams 5 weeks ago:
Fees are no longer a problem if you use one of the sidechains. Sub penny.
They might till be higher on mainnet if some big event is happening, but are otherwise relatively low.
- Comment on Blamed for Steam games ban, Mastercard encourages censorship during Riot Games VCT livestreams 5 weeks ago:
They stopped using Bitcoin when the idiots scammed everyone into thinking we couldn’t raise the blocksize, which caused massive congestion and delayed transactions, which resulted in complicated failed payments/refund problems.
They were 100% right to stop accepting it given the problems the congestion caused.
You can just use something like Ethereum instead now and avoid that entirely, and you can avoid the volatility by accepting something like USDC
- Comment on What game sequel ruined a beloved franchise or character for you? 1 month ago:
Moo2 was so fucking good.
I’ve tried many many 4x space games, but none have ever matched the joy that one brought.
- Comment on Tesla withheld data, lied, and misdirected police and plaintiffs to avoid blame in Autopilot crash 1 month ago:
Full address via recordings of where you live would be PII
- Comment on Tesla withheld data, lied, and misdirected police and plaintiffs to avoid blame in Autopilot crash 1 month ago:
those are saved on external drives. That being said, they could also have it set to save something like this to the external storage if it was too large for the internal memory as well.