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ztrww commented on UPI Payments: 10B transactions a month done, next stop 100B   bqprime.com/business/upi-... · Posted by u/TriNetra
FlyingSnake · 2 years ago
I’ve never done an instantaneous SEPA transfer just scanning a QR code. Is that possible?
ztrww · 2 years ago
I think there is a standard, so as long your bank’s app supports it and more importantly the merchant actually provides a QR code to scan (which is unlikely).

Then again, I don’t see much need for that when I can just NFC pretty much everywhere (of course the merchant still ends up paying up to 1% on every transaction)

ztrww commented on UPI Payments: 10B transactions a month done, next stop 100B   bqprime.com/business/upi-... · Posted by u/TriNetra
ramraj07 · 2 years ago
Others have the system but is it as good and seamless as the Indian one?
ztrww · 2 years ago
Tapping my phone on an NFC terminal seems much easier and more straightforward than having to scan a QR or install a third party app and having to figure out how to link it with my bank account. There is just probably not a lot of demand for a system like this in much of the west (in cases where you can’t use a card there is always SEPA instant payments)
ztrww commented on UPI Payments: 10B transactions a month done, next stop 100B   bqprime.com/business/upi-... · Posted by u/TriNetra
perryizgr8 · 2 years ago
The problem with apple pay is that it is inaccessible to 80% of the population.
ztrww · 2 years ago
Apple Pay (unless you use it to pay online) is just wallet app for debit/credit cards, Android has the same thing.

I guess in Europe there is just much less demand for systems like this because NFC terminals are you ubiquitous.

ztrww commented on UPI Payments: 10B transactions a month done, next stop 100B   bqprime.com/business/upi-... · Posted by u/TriNetra
FlyingSnake · 2 years ago
I would love to see similar public-private consortium systems in rest of the west like Germany, Spain, France and Australia etc. Until then I’ll consider UPI to be superior to those in the west.
ztrww · 2 years ago
is it really that different from SEPA though?
ztrww commented on UPI Payments: 10B transactions a month done, next stop 100B   bqprime.com/business/upi-... · Posted by u/TriNetra
nopinsight · 2 years ago
The data might not be available at the time. And the person did not have a choice when they were a child.

Is the above question rhetorical or do you lean more libertarian?

ztrww · 2 years ago
I don’t see their point much different from what you described in your comment.
ztrww commented on Lidl Product Recall [pdf]   lidl.co.uk/static/assets/... · Posted by u/Tomte
autoexec · 2 years ago
> And even when the episodes do focus on Chase it's barely police work, certainly he doesn't go around pointing his gun at immigrants.

If he did go around pointing is gun at immigrants that would be the opposite of police propaganda wouldn't it? Most young kids don't interact with police directly, so nearly everything they know about police comes from the media they consume. The question comes down to what kids need to learn about police and what role media plays in that education. Families in certain communities have been educating their children on how dangerous police are for a very long time.

Is it better to introduce an idealized version of police to kids and let them learn on their own that police are dangerous or is it better to present police in children's media realistically so that they're prepared when they see their 8 year old classmate thrown to the ground, handcuffed, and arrested because they acted up in class or so they understand when they see protesters march past their house because police officers beat and murdered another person on camera without consequences?

I suspect that it's better to show kids what police are supposed to be like before introducing them to the harsher reality we live in, but I can't blame people for looking at shows like Paw Patrol and thinking that it's giving kids a very unrealistic view of policing at a time when they should be increasingly made aware of the issues and the risks they face.

ztrww · 2 years ago
> the harsher reality we live in

as terrible as it is if we focus on the whole developed world “we” is just a tiny minority (even in the US, just unfortunately not as tiny…)

> unrealistic view of policing

so maybe they could do a separate version for Americans?

ztrww commented on Juice jacking: The urban legend about phone charging that just won’t die   vox.com/technology/2023/9... · Posted by u/Wowfunhappy
ReptileMan · 2 years ago
> We all want to save the planet we should not be wireless charging until we get a much higher efficiency setup.

I doubt that those couple of watts per phone will make a dent even if we multiply them by a billion. Wireless charging is 70% efficient in theory, but lets move to 50. So a 17 watthours battery (biggest currently in phones) would waste 17 watthours per charge - equivalent of my any of those - my induction hob, my oven, my electric water heater or my oven working for 30 seconds. Or my gaming PC for that matter.

so 7 billion people, fully charging their phone each day, the phone battery being the biggest one on the market - each year they will waste around 0.17 percent of world electricity production. But since wired charging is also not 100% efficient - if we give it 90% efficiency - this means that we are saving in that case 0.12 percent of world electricity.

I doubt that it will save the planet. The only think it will help is make some people feel righteous with symbolic gestures.

ztrww · 2 years ago
> 0.12 percent of world electricity

That seems a lot? I’d have guessed it’s a magnitude or two less

ztrww commented on Juice jacking: The urban legend about phone charging that just won’t die   vox.com/technology/2023/9... · Posted by u/Wowfunhappy
sschueller · 2 years ago
Wireless charging is so wasteful. We all want to save the planet we should not be wireless charging until we get a much higher efficiency setup.

Fast charging also produces a lot of waste heat. Out phones should know our patterns and for example slow charge overnight. Similar to what Apple started doing with the MacBook where it won't charge to 100% if if knows it will be attached to power.

ztrww · 2 years ago
> Wireless charging is so wasteful

Just how wasteful is it? 70-80% vs 9X% considering how little power phones use on average is insignificant…

You’d save what? 1-2 kWh per year at the very most? Totally irrelevant..

ztrww commented on CEOs’ pay climbed before layoffs at tech giants like Alphabet and Microsoft   southernillinoisnow.com/2... · Posted by u/pg_1234
empyrrhicist · 2 years ago
> Obviously this system is very inefficient but nobody can deny that some CEO are better than others and that the best ones can make decisions which bring 10-100x or more money to the company than whatever they are paid.

There's nothing obvious about this to me - how would you distinguish that from survivorship bias? Why then do shareholders and boards often come into conflict on this issue?

Claiming that someone is worth paying 100m per year is an outrageous claim that requires commensurate evidence, not a wishy-washy statement about boards thinking its worthwhile. Boards are made of people in a very small oligarchic circle - their behavior is more easily explained by remembering that they're social animals in a hierarchical context than pretending this is all perfect economic rationality.

ztrww · 2 years ago
> There's nothing obvious about this to me - how would you distinguish that from survivorship bias?

So success of companies is entirely random? That seems statistically unlikely…

I mean are you really saying that there are no decisions that CEOs regularly take due to which a company might lose/gains up to millions to billions of dollars? Why wouldn’t you pay a CEO whose actions can bring the company billions a 100m or so? Seems like a good deal..

e.g. if you put a random highly competent, educated and very hardworking person in charge of Apple back in 1997 is it more or less likely that he would have done better than Jobs?

I mean, yeah I agree with you in part. In most cases it’s hard to distinguish real impact (even after a few years) from survivorship bias which is why this whole process is so inefficient. I’m sure that quite a few companies are just as likely (if not more likely) to hire a 100+ mil CEO who’ll be a net negative on as one who’s action will bring 10x+ in additional revenue compared to what most other candidates would have.

ztrww commented on CEOs’ pay climbed before layoffs at tech giants like Alphabet and Microsoft   southernillinoisnow.com/2... · Posted by u/pg_1234
JJMcJ · 2 years ago
When Ford went public around 1956, the man who ran that got $250,000, about $2.8 million today, with much higher taxes than today. But he also got a thank you letter from Henry Ford II, so he had that going for him.

That was the largest IPO at the time, very complicated. I believe all the shares offered publicly were held by the Ford Foundation, for complicated tax and dynastic reasons.

But the main point here is how little the manager of the offering received. Imagine that today. $2.8 million would be nothing.

ztrww · 2 years ago
I’m not that sure that a higher proportion of profits going to the shareholders would be a better outcome. Sure the money saved by paying the CEO less might result in lower prices or go to lower ranked employees but it’s not obvious to me that that’s necessarily what would happen.

u/ztrww

KarmaCake day166June 3, 2022View Original