To compare, you need to measure the attributes of the this and the compared entity.
The alternative entity compared in this case is the Existing Financial System that is handled by the Fed, Wall Street and the Bankers.
Now, there are innumerable number of comparisons and metrics that have already done this job for their preferred metrics and statistics. They all unequivocally side on the side of Bitcoin. (one example: https://wtfhappenedin1971.com/)
You are free to ignore these comparisons; but you have to compare and contrast that how cryptocurrencies, if ponzi compare to the modern financial system of all it's warts and what is the net effect of Cryptocurrencies and the Financial system as it exists today; rather than simply stating Cryptocurrencies are in and of themselves Ponzi.
If I like the sheer horse power of a BMW, would it be snark to contrast it with some other car's priorities over leather seats?
There are plenty of cars (programming languages) with varied priorities. Identifying and labelling them is very useful in context to make ones own calls.
And many such diverse areas, even though you might be just toiling away to store and obtain some data in a database. Opens up horizons and makes you feel empowered.
On the other hand, some other programming communities are too obsessed with their testing frameworks and task runners.
Largest Management Consulting Firm - Locations - New York, San Jose CR, Prague, Gurgaon.
Digitisation team has roles open for multiple positions. I lead the Client Side Development - iOS Apps and Front-end Web Applications and am hiring for both across these geographies - full time and contract developers.
Stack - React/Redux/WebPack/ES7 and objectiveC/Swift/ReactNative for iOS
If you are interested, email me with location preference, nature of employment (contract/employment), technology(iOS/Front-end).
Enterprise is, well, enterprise. Fortunately, Client Side Dev is un-encumbered by the much of the baggage of these and we have been able to create an oasis of awesomeness in this space.
The work in Enterprise is also not as much as there would be in a startup and the pay would be better.
Also your argument on free-market ignores, assumes the absence of a regulator. It might hold when no regulator exists. But under the given condition when a limited amount of spectrum, a natural resource is auctioned to a select number of companies and a regulator exists, how possibly can this be un-regulated?
How possibly can you hand over the power to seek rent from these content provides to these bullying telcos. What would the repercussion be to the consumers of these content.
If their motive were genuinely connectivity, as they advertised it, they can still do it. #EqualRating is allowed, so are charitable initiatives such as Free Data to everyone.
But what do they really want? The next billion internet users hooked onto their platform. That's what they paid Whatsapp a whooping $19B for.
I can't presume to know for sure. We'll both see what will they do of their Freebasics program now.
Probably the most progressive regulation among anywhere in the world.
Enforcement of these #NetNeutrality principles is the literal granting of the Liberties and Equalities of opportunities, granted to individuals and as such this is a landmark order that will have far reaching repercussions.
Worth noting how this played out. A bunch of folks on the internet, organised themselves and campaigned to stop a $300B market cap corporation and a bunch of telecoms with strong lobbying capabilities. Who would have thought they would win? The situation is worth a Harvard case study or a Nate Silver book.
The future of influencing policy making is right here; and you ain't seen anything yet! Save The Internet team clearly seems to understand the virality of social networks better than Facebook does!
Does anybody know of any major open source contributor that lives in SF?
I used to be active in the Python/Django community earlier and am getting involved in the JS-React-Redux community. Not only do most people live outside SF, they live in a remote place that you wouldn't have heard about.
Software, good software is creative and creativity needs serendipity. The pressure to meet the next funding round criteria or to get an Uber through the traffic hearing my next track not making eye contact with my uber-pooler isn't the best frame of mind conducive to creativity.
I'm sure a lot of top CEOs and the top guys in select areas have a great social circle - smartest people who they eat/hangout with, which is very good. But there are also a lot of me-toos, for whom just living in SF is the thing they are achieving that feed their egos.
Yea, I see that. If you and I can afford to buy a bad shoes once in a while, I'm sure FB (Market Cap $300B) can afford to spend $44MM for a small chance to be a gatekeeper.
But it seems to be that the result of this campaign has been a tremendous net negative, given how badly it fared as mentioned in the points above, but mostly also in the public perception. Is there anything called anti-marketing?
1. Facebook made users email the regulator on a subject of "tangential relevance" - saying they support Free Basics, while the questions asked were on Differential Pricing
2. These emails were unsubscribed by TRAI, and 12 MM of those 14 MM emails weren't actually sent - probably because they went out to an empty mailing list.
3. The emails that were sent, were sent by misleading people into "supporting digital equality".
4. Facebook choose to represent and speak for all of the millions that had chosen to "support digital equality" which was questioned by the regulator.
5. Facebook didn't bother to inform the users that originally answered the "opinion poll" of "supporting digital equality" of the questions asked by TRAI even after having been asked to and extending the consultation deadline for the same.
6. Facebook choose to spend $44MM on this campaign in this process. (and an obviously unknown but really large sum for lobbying!)
I'm no policy expert or a strategy consultant, but if there ever has been an epitome for "shooting oneself in the foot", this would be it.
Reliance anyway would have had to pay for marketing, and Facebook provides them that.
So they divert their marketing budget to provide some free data to users as free basics.
It's effectively bartering marketing and data costs. Stakes for Facebook in it are high, so I wouldn't be surprised if they even paid for all of the data of the users.
If I am a startup, I should request Facebook and Google to consider my portal as a basic service and allow millions to use it for free and they know of all my traffic all the time.
That's not the internet I know and wouldn't serve anything but the self serving interests of these conglomerates.
Would Facebook exist today, if there were a gatekeeper (AOL, Google, Yahoo?) that needed to approve it as a "Basic service", that had exclusive access to a billion users?
This Anti-competitive practice is as notorious as the ones MSFT once engaged in at their peak, for which they still get a lot of negative press, decades later.
I think they have to compete with how React Native handles it, to make sure the developer experience developing Native Android apps is at least at par with those developing using React native, Ionic etc.
Many people often try to optimise for the world view of themselves, rather than their own experience.
Instead, when one starts to optimise for ones own experience, the idea of falling short of expectations doesn't arise.
Life is lived in ones own experience and each person to himself is the most important entity. Going through mental suffering is very hard, unnecessary and I hope everyone that does go through it, comes out of it.
I wonder if this is the same Jesse I knew of. So much energy, so much capability to do so many things.
To compare, you need to measure the attributes of the this and the compared entity.
The alternative entity compared in this case is the Existing Financial System that is handled by the Fed, Wall Street and the Bankers.
Now, there are innumerable number of comparisons and metrics that have already done this job for their preferred metrics and statistics. They all unequivocally side on the side of Bitcoin. (one example: https://wtfhappenedin1971.com/)
You are free to ignore these comparisons; but you have to compare and contrast that how cryptocurrencies, if ponzi compare to the modern financial system of all it's warts and what is the net effect of Cryptocurrencies and the Financial system as it exists today; rather than simply stating Cryptocurrencies are in and of themselves Ponzi.