squeevey
squeevey t1_iyde58x wrote
Reply to comment by letsgetrandy in IBM and Maersk to shut down TradeLens supply chain platform - Project with shipping giant was once floated as ideal blockchain use case – but industry didn't buy in by Loki-L
An decentralized ledger can matter, especially for systems that are inherently distrustful.
The issue is that people are quick to trust. The problem is that TRUST is what got us a lot of issues in 2008. We trusted banks were doing their due diligence. So then blockchain comes along to be decentralized ledger of transactions to be verified independently.
The blockchain is sound, even Etheruem smart contracts have value. The GIANT GLARING PROBLEM - people did not VERIFY the different contracts to make sure the were doing the CORRECT thing. It needs code review.
Fundamentally, sure there's no need for blockchain if you're keen on trusting systems – and for private companies like IBM, yeah I trust em enough so there's no need for this to be on chain.
Here is a FANTASTIC article about the state of crypto in general and how it relates to the current finance system. Warning it is 40K words. But man is it good.
squeevey t1_iy8l766 wrote
Reply to comment by kukukele in Rolls-Royce successfully tests hydrogen-powered jet engine by je97
It's still in discovery. But i believe reading between the lines this is still combustion of fuel (hydrogen) vs hydrogen fuel cell (which makes electricity to run the motor).
squeevey t1_iua5iba wrote
Reply to comment by 7breaths in eli5: What are freemasons and why are there so many conspiracies about them? by SovietCyka756
You dont have to believe in god. From what i understand you need to believe in a "higher power". That could literally be universal physics.
squeevey t1_iua4ttl wrote
Reply to comment by gerund_acquirer in Amazon may have to turn to SpaceX for help launching its Starlink rival service by Soupjoe5
Quite bit. Want some cream with that metaphor?
squeevey t1_iu9cdl1 wrote
Reply to Amazon may have to turn to SpaceX for help launching its Starlink rival service by Soupjoe5
Sounds to me like Amazon has too many fingers in too many pies.
squeevey t1_its9qhv wrote
> the maximum user weight is 220 lb
Me thinks this won't be adopted very well.
squeevey t1_irg8reg wrote
Reply to comment by hmiamid in [OC] House price you can afford by paying 1000/month for 30 years vs. interest rate by hmiamid
Well, some were already saving regularly in preparation to purchase a house when housing prices skyrocketed. So it didn't seem prudent make rushed purchases, especially when you didn't have the EXTRA cash (on top of the down payment) to go above your proposed house price.
Some people are sitting on cash at the moment, waiting for the right time.
My point though is that with ANY compound interest chart, the chart only represents the LOAN you took, not necessarily the price of the house.
You may be able to afford 300,000 house when you chop $50K off the principle. It's all about how the various maths work for your specific situation.
squeevey t1_irg1qbs wrote
Reply to comment by padizzledonk in [OC] House price you can afford by paying 1000/month for 30 years vs. interest rate by hmiamid
Those costs don't compound.
squeevey t1_irfxu4f wrote
Reply to [OC] House price you can afford by paying 1000/month for 30 years vs. interest rate by hmiamid
Don't forget to subtract your downpayment.
squeevey t1_iydllo5 wrote
Reply to comment by homezlice in IBM and Maersk to shut down TradeLens supply chain platform - Project with shipping giant was once floated as ideal blockchain use case – but industry didn't buy in by Loki-L
Is that force a slap on the wrist? Because that's what it seems like these days.