face_mcgace

So, I believe you're thinking about this in the classic sense of security, transactions, and decentralizations. It's actually better to think of Ethereum as an ATM that replaces bank tellers - i.e. a fundamental technology shift.

Forget about decentralization/transactions for a second and let's take an example of your company transitioning your 401k to another plan. Think of all the people moving this money, all the legal process that it has to go through, all the find print that must be followed, etc. There's a TON of work to move a 401k and the process typically takes months. What if I told you that you could transfer your 401k plan, without the additional overhead of people, and you could do it in seconds? That's Ethereum.

Let's take another example of buying a house. If you've ever gone through this process it takes months to finish, theres tons of middlemen (bank loan process, approval, selling the loan, lawyers to secure the property, real estate agents, etc). What if I told you that you could buy a house, without this overhead, in seconds? That's Ethereum.

The bottom line is our current financial system is based on an army of lawyers, middlemen, banks etc. and large transactions take time and money to solve. With a concept like Ethereum you just don't need any of that, you can transfer large amounts of value instantly and you don't need this army of people.

It is frankly the difference between horses and cars. It's a technological shift that makes previously impossible actions possible.

Wut

Yea I would have assumed so - tbh this is still a massive problem I face in each new org I join. Documents/communications are scattered across google docs, notion, slack, jira.

Addendum:

"This bug must come from backend" "This bug must come from frontend"

One time I sat down with a potential hire and went over a trivial PR. Nothing hard just some code to look at on GitHub to provide a familiar environment.

Why? To use it as a way to just look at our tech, get completely off track, and go down the tech rabbit hole. Good devs get really excited and talk about what they're using, what libraries they like, what they'd like to work with, etc.

Best hire I've ever made.

Hmm I was desperately looking for something like this and only ever found was Framer X. Strange I never came across this but definitely excited to give it a go!

Do you have a reference for point 2 that you make? I find that quite fascinating.

Still didn’t answer their question.

On a basic level, yes, banks need to lend money. But saying more defaults came in than were expected is a vast understatement. Banks lent so much money, and were so exposed to risk, that any market correction could have, and did, destroy well established financial institutions. I mean, we're talking razor thin protections from financial ruin basically predicated on the need that housing must always go up. It is literally insane levels of over exposure - not just small leverage to help build a small housing community.

How can you expect people to not default in a system endemic with corruption and rife with irresponsibility?

http://airbnb.io/lottie/ the perfect solution (works for React and React Native too).

what is the difference between no bs guide to mathematics and the 3-in-1 book?

Spoiler: A will collapse, C will collapse, B will give themselves parachute payments and move to China (companies will tank of course).

A) So, wages are stagnant or falling and unemployment (real unemployment) is at 10%.

B) Companies reinvest in themselves through buyback and lobbying congress for subsidies. They freeze wages and reduce their workforces.

C) Congress subsidizes their research and development through tax payer funding. Costing a higher tax burden during which wage rates are falling / stagnant.

If B relies on C, and C relies on A, but A is destroyed by B - then what happens?

Let's say I own a railroad and you own a soap company. For years to get your product to consumers you pay me money and I transport it to stores to be sold. Now, I see how lucrative your soap company is, so I decide to get into the soap making business. However, I raise prices on how much it costs to ship your soap while lowering my prices. I also ship all my soap first, cause delays in shipping your soap, etc. People can buy my lower quality soap cheaper and stores make bigger profits so I ship continually more soap than you. Keep in mind your soap is what consumers want but they can't access it anymore (since stores stock less / supply is always limited / etc) so they have to by my lower quality soap.

Now replace "railroad" with "search engine" and "soap company" with "reviews" and you have the same situation with Google vs. Yelp or Google Shopping or Google Maps.

Essentially you're just stifling competition at this point and preventing the market from choosing products.

Yea perhaps - I'm not really defending Yelp as much as I'm worried about Google. I think this extends beyond just Yelp into the wider market (hotels.com, tripadvisor, paid search results, etc).

Hmm these comments really bother me - people seem to miss the point that Google is using its monopoly power to block out competition. This concept is very, very frightening and we should all be worried. This is no different than when railroads would block competition and promote their own products.