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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 a month ago

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 a month ago

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 a month ago

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 2 months ago

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 2 months ago

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 2 months ago

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 3 months ago

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 6 months ago

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 6 months ago

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 7 months ago

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 7 months ago

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 8 months ago

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.

about 9 months ago

SEC Alleges 'Bitcoin Savings & Trust' Is a Ponzi Scheme

Wansu Does the SEC have any credibility? (176 comments)

Madoff operated under their noses for years despite numerous warnings by competitors that his results were impossible and likely a fraud. Wall Street itself is a ponzi scheme.

For several years, one big financial firm after another cratered or had to be bailed out and all we heard from the SEC was crickets. And now they're on the warpath against bitcoin.

about 9 months ago

Tennessee Official: Water Complaints Could be "Act of Terrorism"

Wansu arrogant local official playing the terrorist card (407 comments)

This water quality official is projecting his frustration onto the people he is supposed to serve. If he can't do his job, he should resign. Instead, he's trying to play the terrorist card. Embarrassed by this outrage, his superiors have gone into damage control mode saying his remarks were taken out of context and that he later clarified his position.

Wow. Is this what we have to look forward to?

about 10 months ago

Ancient Roman Concrete Is About To Revolutionize Modern Architecture

Wansu Lost Art (322 comments)

It's amazing how advanced the Romans were and how some of their technology stayed "lost" for so long. The fall of Rome was a great societal reset. There may be another at hand.

about 10 months ago

Gubernatorial Candidate Speaks Out Against CAS

Wansu Actually, power companies do have some say (121 comments)

If your consumption is much higher than the norm, they'll notify the police of a possible grow operation.

about a year ago

Large Corporations Displacing Aging IT Workers With H-1B Visa Workers

Wansu Re:"Shortage" (617 comments)

Yes, a shortage at the nice price. That is what this has always been about.

Industry groups have been bellyaching about shortages since the 70s. Dire predictions of shortages are regularly made. Only now, they may finally be right. So many citizens have been displaced for so long, the H1-Bs may be the industry's best source of technical talent. It's a self full-filling prophecy. They may have run off so many older citizen engineers, developers and what have you that the young ones see that and opt for a more stable career path. So they may have produced the shortage they've been predicting for so long.

about a year ago


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