normm

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normm
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  • Scammer pilfers $75,000 in bitcoin from Steve Wozniak

    noelos said:
    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.
    The problem is that the finite supply is an illusion.  According to Wikipedia there are currently 1,384 different cryptocurrencies and this number is growing rapidly.  Anyone can start a new one.  So finite limits on supply of any one currency don't make the total supply finite.  Since total demand is finite, and total supply isn't, there's a fundamental problem.

    Edit:  According to coinmarketcap.com there are now 1,524 cryptocurrencies.  The lower number was as of January 7, 2018.
    dysamoriajony0
  • Nine Years of Apple's iOS SDK generated $60 billion, 1.4 million jobs

    ireland said:
    I'm highly suspicious of that 1.4 million jobs number. I imagine a number of those so-called jobs are not earning a living wage.
    I think the 1.4 million jobs figure was Apple's estimate of the number of US iOS developers in 2015.  I assume that includes both full time and part time developers.  Developers were paid $14 billion in 2015, but I'm not sure what fraction were from the US.  That's just an average of a few thousand dollars per developer, so I would guess that no more than a few hundred thousand developers in the US earned a full-time wage from iOS in 2015. 

    It's worth mentioning, though, that many other kinds of jobs/industries are aided/enabled by iOS devices/apps, which are used for point of sale (e.g. square), sales info (e.g. real estate), reference (e.g. pilots), resource management (e.g. uber), music (e.g. dj),  communication (e.g. snap), matchmaking, etc. etc.




    StrangeDaysDanielEran