isn't this misguided? good regulation would go after why sites are designed to be addictive / target children - targeted ads.
Readit Newsfinfrastrcuture commented on Florida's DeSantis signs law restricting social media for people under 16 reuters.com/world/us/flor... · Posted by u/hotdailys
I understand this would theoretically stop the CCCP from getting info on US Consumers, but is there anything to this that actually limits the data collected? I assume not.
I think we can safely assume toddlers don't use photoshop, and don't play bejeweled. I also can't quite imagine them watching a nature documentary.
Video games won't develop motor skills, unless you find some tough games which require very fast hand-eye coordination at the child's level. Even then it's going to be very limited in comparison to e.g. drawing, throwing and catching a ball or playing a musical instrument. Creativity from video games is something I find even harder to believe. Logic is about the only thing that games manage to convey, but at that age, logic is weird. Toddlers can't reason well, and can't explain themselves.
A tablet or a phone is like candy to children. Be careful.
Parenting is so tough to discuss. Nothing is ever a best (or even 'right') answer. I agree with this take, with a "yes, and" -
I worry about apps / video games for children also stunting imagination. Yes, in a game like Minecraft you can build anything out of blocks, or with Photoshop draw anything. However, the entire 'universe of outcomes' is inherently bound to the mind(s) of the developers, compared with a bored kid who's possibilities are limited only by their own imagination. Children are therefore pressed to stretch and practice creativity. Its not a perfect analogy, but I'm reminded of the theme in the Matrix movies of bounded outcomes.
I personally think creativity through raw boredom - rather than directed distraction (especially through digital devices)- is essential to mental development.
finfrastrcuture commented on The Fed is behind the Capital One/Discover merger thebignewsletter.com/p/th... · Posted by u/yedava
Why on earth isn’t the Federal Reserve providing an easy money moving service that also acts as a ledger? I know about FedNow but they could also back bone transaction networks as the definitive payment pipe and cut out the middleware companies entirely
To be honest Visa type services should be provided via the central bank (again, Visa itself isn’t a credit card issuer) so businesses don’t have to soak the payment percentages
The problem is fraud + disputes. Who's liable for people sending money to fraudsters? For letting fraudsters operate on the platform? See the fraud issues of Zelle, which is basically a free money moving service comparable to FedNow.
The service the networks provide is a way for all participants (banks, people, businesses, etc) to trust one another, as well as a healthy rules-based system to address disputes. Getting this working is not trivial.
finfrastrcuture commented on Capital One Is Buying Discover Financial wsj.com/finance/capital-o... · Posted by u/archb
I doubt Apple Card would change to being Discover rather than Mastercard since Discover is accepted by, what, two retailers?
I would prefer if Apple switched to Visa since my other visa cards gradually got converted to the less useful Mastercard (supported in the USA, but fewer other places).
Mastercard actually has higher coverage internationally.[0]
[0] https://wallethub.com/answers/cc/is-visa-or-mastercard-bette...
finfrastrcuture commented on Capital One Is Buying Discover Financial wsj.com/finance/capital-o... · Posted by u/archb
If this leads to CapitalOne switching my cards to Discover, I’ll be leaving CapitalOne. I don’t want to have to question if places I’m going will accept my card, or have to carry a backup Visa card.
I also can’t think about the Discover card without hearing Peter Griffin[1] in the back of my head.
I doubt the existing products will change anytime soon given existing contracts, brand promises, etc. The impact will likely only be new products.
finfrastrcuture commented on Capital One Is Buying Discover Financial wsj.com/finance/capital-o... · Posted by u/archb
This is significant.
It’s one of the largest US Open-Loop Issuers, buying their own network (Closed Loop).
Cap1 will now be able to cut out Visa/Mastercard.
Cap1 will now be like Amex.
totally agree. but an amex focused on the non-affluent demographic. I think this actually increases competition in an area the FTC/CFPB cares about!
finfrastrcuture commented on Capital One to buy Discover Financial in $35B stock deal reuters.com/markets/deals... · Posted by u/loganadams_
This is a generally unsurprising event to industry, but exciting nevertheless.
Cap One and Discover both focus on the nearprime / subprime / thin credit / credit invisible segments (think people who have bad credit, expats, students, etc.). Cap One is excellent in their analytics on understanding people, and likely sees Discover as an opportunity to acquire new customers + improve on Discover's operations.
The network side of Discover's business is intriguing. Its nowhere near as sophisticated as Visa/Mastercard, but it is something! The idea may be to turn into an Amex focused on everything but prime consumers, and use the improved economics (from owning both sides of the transaction) to give rewards (at least something) to cardholders who don't normally see them. I doubt their intention is to build a serious competitor to the card networks.
Its not only methane, we need to be tracking things like CFC 11 & 12 leaks ON A CONSTANT BASIS. There is still consistent production in china of this and many other banned gases.
https://www.bristol.ac.uk/research/impact/stories/greenhouse...https://www.eurekalert.org/multimedia/603350
Reporting their findings again in Nature (2019), the group showed that CFC-11 emissions in eastern mainland China were around 7,000 tonnes per year higher in 2014–2017 than in 2008–2012. While this finding did not explain the full increase in CFC-11 levels seen since 2013, at 40–60% of the global rise, it represented a very significant fraction.
Crucially, the researchers also showed that the increase occurred in a specific region, primarily the north-eastern provinces of Shandong and Hebei.
https://www.coolingpost.com/world-news/chinese-selling-r12-a...
Agree, but let's not pass over that this is a great first step!