rwes

JP234 said:

Goldman Sachs cheating their customers? Say it ain't so! Who ever heard of an investment bank engaging in corrupt and dishonest practices? (cough, cough: WellsFargo). And I know that no former CEO appointed by Trump as Treasury Secretary would even think of it (cough, cough: Steve Mnuchin)!

Not that I disagree, but don't make it political. IMO, most banks (bank execs, people calling the shots, not the 'low level' employees) are in the business of cheating their customers. Because lets face it, the shareholders are a minority of the actual customer base (if even customers in the same sense at all) and more often that not, what's probably in shareholder interest (maximum profit) does not align with majority customer interest.

Like someone else mentioned, and as we most already know, it's best to not carry balances but if you have to, the rates being mentioned seem to be common now even if you've got a decent credit score.

I've kept one of my first credit cards (a little over 20 years now) which has ~ 6% rate, but the card has no 'perks' so I almost never use it. If I ever need to make a purchase though that I couldn't pay off by the needed date to avoid interest, I would probably fall back to that card.

I'd argue P.A. Semi, Intrinsity, and some of the other chip related acquisitions should be included in the best-known list above. If competitors knew then what they know now (about the grander chip plans). Not that any others could have executed it as well... "playing the long game, every time." for sure it seems.

foregoneconclusion said:

"I don't think Apple or the iPhone would be anywhere near as successful as it is if it wasn't for those developers and the rich ecosystem of things that they are building." 

As others have mentioned before, the iPhone and iOS came first. There is no "chicken/egg" argument to be made. None of the $$ from apps and the ecosystem happen without the iPhone/iOS happening first. After all, the guy from Paddle would be creating his own OS and phone instead of an alternate payment app if it were easier to do than creating the apps. 

It's a lot of people trying to bite the hand that feeds them, and I think mainly because of Apples size (now). When most of these same people were saying/sure, Apples lock-in + keep it simple strategy was going to fail, they couldn't care less. Now that Apple has succeeded (where they were expected to fail, and they continue to succeed), goal posts are being moved and apple is being called unfair for only continuing to do exactly what it has since day 1 of the App Store? It's ridiculous. It's the bad part of capitalism. Everyone wants a piece of their success based off the hard-work they did, and their strategy (which again would fail), and is saying they're the bad actor...

Maybe we're in our own echo chamber perhaps (after all, this is AI, but I know not even one one this forum agrees (#flameSuit?) 😅), but I dont think so. People are just greedy.

AND! Separate from there being "no chicken/egg", it's they way Apple has executed (which people complain about) that has made them successful! The ease and security of the platform is *why* this all works (not saying it's perfect). People trusting the platform, ... I could go on. Anyway, we'll see how this all shakes out.

MichaelKohl said:

markbyrn said:

The article begs a question though; is the flaw fixable by Apple with a T2 firmware update or not? 

No, it is not possible to do a T2 firmware and if it was, then hackers could just apply their "special" firmware update. It is patched for new M1 machines.

That’s not how firmware updates work (I don’t think)… just about all are now signed so a back actor can’t do exactly that; install their “special” firmware update. If anyone could go updating firmware, people/hackers would certainly already be exploring that.

*If* this is addressable by a firmware update, Apple will have one out in short order I’m sure.