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  • Man blames Apple for bitcoin theft by fake app in App Store

    Well, I am victim-blaming here. Situations like this are literally the reason real banks for real currencies have FDIC oversight and mandatory deposit insurance, and why investment banks have SIPC oversight and insurance. This person intentionally opted out of that system. He decided to use unregulated banks, so the consequences of that decision are on him.
    So if this had been a fake app representing itself as the banking application of a regional bank and had defrauded the user that way, it would be Apple’s fault?

    Apple’s scrutiny of the app and its later releases, its failure to validate the publisher against a known entity, and its failure to stop the company using fake reviews to get close to 5 stars all mean Apple isn’t running the safe and secure App Store it claims  to.
  • Apple's iOS 13.2 release bricks HomePod for some users [u]

    Actually, it would appear you’re correct according to National Geographic:

    The odds of becoming a lightningvictim in the U.S. in any one year is 1 in 700,000. The odds of being struck in your lifetime is 1 in 3,000
    That doesn't seem right. If an average lifespan is 100 years and the first figure is correct, then you'd expect chances of being stuck to be no more than 100 in 700,000 or 1 in 7,000 (and really a bit less). has a one-year chance of one in 1.2 million and a lifetime chance of one in 15,000 with an estimated lifespan of 80 years. At least this is internally consistent.

    NatGeo might need to hire someone with statistics training.
  • Scammer pilfers $75,000 in bitcoin from Steve Wozniak

    vannygee said: Imagine a digital asset that is valued based on supply and demand
    It isn't really based on supply and demand because there is no limit to the supply. The digital "mine" will never run dry. There is no "search" for new sources. 
    Yes there is. There is a finite number of Bitcoin (21 million) that can ever be mined built in from day 1.

    I would say this is actually more of an issue because coins will get lost (or rather, the keys to claim them will) and no more can be produced to replace them.