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Predicting a Future Free of Dollar Bills

Wansu Re:Cash is king! (753 comments)

Cash is accepted at more locations than Visa and Mastercard and always will. If government issued notes are eliminated, another form of anonymous exchange will arise. As previously mentioned, it may be gold or silver, it might be something else. People will find a way.

You beat me to it. Cash is king. Whether it's our present currency, gold or silver coins, nothing beats cold hard cash.

about two weeks ago
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Google, Detroit Split On Autonomous Cars

Wansu Re:Detroit calls Google arrogant? (236 comments)

This is the Detroit that didn't take Japanese brands seriously until it almost killed them.
And then they blamed the unions.

The Detroit that needed 30+ years to bring a small, efficient, powerful engine to the US.because they knew best what American wanted (big V8s for drag racing).
And in the meanwhile, put whimpy, underpowered straight 6s into full size "body by Fisher" cars and trucks and wondered why their sales fell off a cliff.

The Detroit that hides the fact that Mitsubishi (Chrysler), Toyota (GM) and Mazda (Ford) built their small cars for 20-some years.
The '89 Ford Fiesta was one of the best Mazdas on the road.

I wouldn't trust Detroit to build an autonomous car.

about 1 month ago
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Cable Boxes Are the 2nd Biggest Energy Users In Many Homes

Wansu Re:they get hot too (394 comments)

Amen. The Scientific Atlanta cable TV boxes dissipate an unreasonable amount of heat, enough to significantly warm the room. The Scientific Atlanta DVR boxes dissipate more heat than their cable TV boxes. They take an excessively long time to boot and channel surfing is nearly impossible. Little wonder so many people cut the cord.

about a month and a half ago
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Major ISPs Threaten To Throttle Innovation and Slow Network Upgrades

Wansu nothing new about this (286 comments)

Threaten to throttle innovation and slow network upgrades?

They've been doing this all along. I suppose they mean the innovation will be throttled more than it already is.

about 3 months ago
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MtGox Finds 200,000 Bitcoins In Old Wallet

Wansu Big mystery (227 comments)

"There is no explanation yet of why the sneaky thieves that 'stole' the bitcoins used a MtGox wallet to hide them."

Sure there is. The explanation is the whole thing is a huge swindle.

about 4 months ago
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Snowden Says No One Listened To 10 Attempts To Raise Concerns At NSA

Wansu Re:The proper channels... (273 comments)

...are those connected directly to /dev/null.

Bernie Maddoff's competitors tried going through proper channels for a decade. They complained bitterly that his results were mathematically impossible, that it must be a ponzi scheme. Nobody listened. And now it has come to light that JP Morgan Chase laundered money for Maddoff for decades.

about 5 months ago
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WSJ: Americans' Phone Bills Are Going Up

Wansu Re:False advertising. (273 comments)

The problem of ripoffs and poor service always seems to crop up wherever competition is lacking, and telecomms companies in the US certainly do not have enough competition. Ma Bell was an evil monopolist until their forced breakup in 1984, which it turned out, didn't help much. Today, telecomms in the US are still uncompetitive, price gouging, regulatory capturing, sluggish, backwards scum.

I don't know how old you are but Ma Bell was nowhere near as evil as today's AT&T and Verizon. Ma Bell was a regulated monopoly with many constraints on what it could do.

The Bell System was broken up in 1982 by a lawsuit brought by Northern Telecom because they wanted to sell the DMS-100 in the US. As a result of that court ruling, the Bell System was broken up into "baby bells". Since then, the new AT&T has absorbed them one by one.

So now we have a few big companies running the show with very few constraints on what they can do. Competition will not happen. Instead, they merge into bigger companies that are too big to fail. Essentially the same thing has happened in the electric power industry. And it gets sold to the public as free market competition.

about 5 months ago
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Do We Really Have a Shortage of STEM Workers?

Wansu Re:I thought this had been settled long ago. (491 comments)

No. We do not have a shortage. The US has been shedding STEM jobs, not gaining unfilled ones. For almost 3 decades at this point.

We do not have a shortage and really never have had a shortage. But this is never going to be "settled" because it's all about cheap labor and always has been.

about 5 months ago
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Krugman: Say No To Comcast Acquisition of Time Warner

Wansu Re:Ok (187 comments)

You can merge if you relinquish your monopoly.

Relinquish said monopoly to whom? Who competes with them now?

Here it's either TWC or AT&T. Both suck.

about 5 months ago
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James Dyson: We Should Pay Students To Study Engineering

Wansu Re:Worker shortage in 2014 (321 comments)

And trust the free market for once. If there's a worker shortage, then wages will rise until demand and supply equalize and there is no more shortage.

The powers that be don't trust the invisible hand of the free market. In this case, they want to tamper with it by providing incentives. In the US, they flood the labor market with H1Bs and ship whatever jobs they can to low wage countries. They are all for the free market so long as it works in their favor. When it doesn't they whine for bailouts of some sort to fix it.

about 6 months ago
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Electrical Engineering Lost 35,000 Jobs Last Year In the US

Wansu EE long in decline (397 comments)

Thirty five years ago, there were at least 50,000 workers employed in electronics manufacturing in the RTP area of NC. I was one of them. I started as an assembler, then as a technician and later as a design engineer. During the 90s, most of these jobs quickly disappeared. Today, there a few small niche players left employing perhaps a few hundred workers. That's it.

I retrained as a software developer and successfully changed careers. It was difficult.

I'm not surprised to see reality check stories like this, particularly after being treated to incessant propaganda about shortages of STEM students over the past couple years. This shortage talk has been going on for decades. Yet, no actual shortages of engineers have materialized.

about 6 months ago
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China's State Press Calls For 'Building a De-Americanized World'

Wansu Re:I'm Sorry, China (634 comments)

"That's simply false. Most of the products manufactured in China were (and still are) designed in the U.S. or Europe. "

No. Most electronics manufacturing moved to China by the mid 90s and it wasn't long before the design jobs went there too. I spent 20 years as a circuit designer. By the late 90s, most of those jobs were disappearing. I switched to software.

"America has NO shortage of graduates in the sciences or tech workers."

Now that I agree with.

about 9 months ago
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China's State Press Calls For 'Building a De-Americanized World'

Wansu Re:I'm Sorry, China (634 comments)

Except the only reason China knows how to build a stereo is because we showed it. America invents the technology, then shows the Chinese robot race how to assemble it like drones. The best they can do is steal it.

That's how it started but lately they have been coming up with the new products. We haven't done much product design in the US for the past 2 decades. Most of the people trained to do that are old now and we haven't been training replacements because there are no jobs here for them.

about 9 months ago
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Why are younger people losing interest in cars?

Wansu Not strictly a loss of interest (14 comments)

It's harder to get a license today and most young people don't until they're 18. Even then, their parents have to pay for their liability coverage.

It's way more expensive to obtain and operate a vehicle than ever before. Most young people don't have incomes these days. Unless their parents provide them with a car, they don't have the money for one.

All the kids seem interested in is their smart phones. Even when they are at the dinner table, they text incessantly. They don't drive to see each other. They skype each other and play games online.

They don't have jobs and they have instant communications. So they have nowhere to go anyway. So they probably don't feel much need for a car.

about 10 months ago
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45% of U.S. Jobs Vulnerable To Automation

Wansu Re: AI and robotics and jobs (625 comments)

  What would people do without jobs?

They would find something to do. Perhaps it would be something counterproductive or criminal but they would find something to do.

  The majority however would do nothing but become restless, and that would lead slowly to fighting each other.

Fighting each other is a job of sorts and I'm so not sure that the process leading to people fighting each other would be all that slow.

about a year ago
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Why the Japanese Government Should Take Over the Fukushima Nuclear Plant

Wansu Privatized profits, socialized losses (211 comments)

Yep, it's about time the Japanese gov't steps in and takes charge of this mess. TEPCO has demonstrated they don't know what they're doing. Matters can and will get much worse. There are experts worldwide who can be brought in to help. The Russians have some experience with a meltdown. There are probably some TMI era consultants still around. It's going to get very expensive.

We might ought to help them. It's not just their problem. If those fuel rods catch fire, that radioactivity will be drifting towards our Pacific coast.

about a year ago
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Door-To-Door Mail Delivery To End Under New Plan

Wansu Re:Already happening (867 comments)

"But, tempted though I might be to cancel mail service, you normally have to give mailing addresses for a few critical life elements: job applications, credit cards, bank accounts, taxes, and children school forms."

Don't forget mail from DMV, court summons, legal correspondence and stuff like that which unfortunately comes mixed in with the junk mail.

1 year,6 days

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