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Thread: Computer Science and Math and Stuff

  1. #1201
    you probably just forgot what you were taught in praxeology 101

  2. #1202
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    Quote Originally Posted by Reverend Jones View Post
    you probably just forgot what you were taught in praxeology 101
    “No but see patents are a government granted monopoly, so when it’s exploited by an absentee owner for profit it’s different”

  3. #1203
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    So now that it's public knowledge that Facebook shares private messages with other tech companies, can we please delete it?

  4. #1204
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    Don’t forget banks.

  5. #1205
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    Quote Originally Posted by Jon`C View Post
    Don’t forget banks.
    They're first in line for the guillotine.

  6. #1206
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    Quote Originally Posted by Reid View Post
    They're first in line for the guillotine.
    Well yeah, but no, I mean they were giving that stuff to banks too. At least the Royal Bank of Canada.

  7. #1207
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    Quote Originally Posted by Jon`C View Post
    Well yeah, but no, I mean they were giving that stuff to banks too. At least the Royal Bank of Canada.
    Oh, I didn't hear about that. So uhh.. why? Investors give cheaper loans if you let them spy on their girlfriends?

  8. #1208
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    Quote Originally Posted by Reid View Post
    Oh, I didn't hear about that. So uhh.. why? Investors give cheaper loans if you let them spy on their girlfriends?
    Who knows? RBC and Facebook are both denying it.

  9. #1209
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    Quote Originally Posted by Jon`C View Post
    Who knows? RBC and Facebook are both denying it.
    If only we could read their private messages to find out.

  10. #1210
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    I feel like this is why Facebook has such a high valuation right? There's no way this wasn't a fairly open secret in the banking world. They probably half value Facebook so high knowing how they really operate.

  11. #1211
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    I don’t know about banks fixing the Facebook stock price, but I agree this is probably well known by the biggest companies. You’ve probably never heard of RBC but it’s the largest Canada domiciled company by revenue|profit|market cap. Bank of America is “only” worth twice as much, and they have a market 10 times bigger. We’re talking top 10% on the S&P 500 index, if the US ever annexed Canada. So it’s pretty far from a nobody company.

    And Facebook gave them unlimited access to user information, including their private messages.

    If RBC had that access, you can bet Chase, Capital One, and BofA did too. Other guys as well. Think about all of the top 50 US companies by market cap and ask yourself whether you’d be comfortable with them being able to read your private messages. Because it’s a safe bet that they did.

  12. #1212
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    Quote Originally Posted by Jon`C View Post
    I don’t know about banks fixing the Facebook stock price, but I agree this is probably well known by the biggest companies.
    I don't mean necessarily as them fixing the price, but like, if you were to actually value a company, a company who illegally leaks you data seems like a better investment than a similar company who doesn't. Facebook being a colossal sack of crap makes them more valuable. Who's not going to do business with someone who skirts the law for you?

    Quote Originally Posted by Jon`C View Post
    You’ve probably never heard of RBC but it’s the largest Canada domiciled company by revenue|profit|market cap. Bank of America is “only” worth twice as much, and they have a market 10 times bigger. We’re talking top 10% on the S&P 500 index, if the US ever annexed Canada. So it’s pretty far from a nobody company.
    I seem to remember RBC coming up when the LIBOR scandal was a thing, but not much besides that.

    Quote Originally Posted by Jon`C View Post
    And Facebook gave them unlimited access to user information, including their private messages.

    If RBC had that access, you can bet Chase, Capital One, and BofA did too. Other guys as well. Think about all of the top 50 US companies by market cap and ask yourself whether you’d be comfortable with them being able to read your private messages. Because it’s a safe bet that they did.
    I would not be surprised if they use that information to find keywords which signal bad lenders, or other lexical analysis to determine education and general intelligence and use that for racist loan policy.

    Which, if so, means the United States pioneered China's "citizen points" thing, rofl.

  13. #1213
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    Quote Originally Posted by Reid View Post
    I would not be surprised if they use that information to find keywords which signal bad lenders, or other lexical analysis to determine education and general intelligence and use that for racist loan policy.
    Consumer banks make of their money from service fees now. Interest rates are rock bottom, and most household debt is backstopped by government insurance, so banks don't have any reason to care that you might be brown or whatever. They'd actually prefer customers who get NSFs over customers who make exactly two deposits and one credit card payment every month.

    Which, if so, means the United States pioneered China's "citizen points" thing, rofl.
    um, yeah, like over 100 years ago.

  14. #1214
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    Facebook is basically Equifax, except you're also encouraged to voluntarily share your personal thoughts and preferences with it.

  15. #1215
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    Quote Originally Posted by Jon`C View Post
    Consumer banks make of their money from service fees now. Interest rates are rock bottom, and most household debt is backstopped by government insurance, so banks don't have any reason to care that you might be brown or whatever. They'd actually prefer customers who get NSFs over customers who make exactly two deposits and one credit card payment every month.
    Oh. I think I made my credit card account when I was broke and nearly homeless, so my bank probably thought I was going to bring in the cash. But I haven't missed a payment. I think I overdrafted once at the beginning, but now that doesn't happen.

    Quote Originally Posted by Jon`C View Post
    um, yeah, like over 100 years ago.
    ****. America is a messed-up place.

  16. #1216
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    https://www.reuters.com/article/us-a...rce=reddit.com

    I refused to buy an Echo from day one because 1. ****ing why and 2. there's no way hackers aren't interested. Turns out you might not even need to become a hacker, Amazon will leak information for you.

  17. #1217
    Quote Originally Posted by Jon`C View Post
    I don’t know about banks fixing the Facebook stock price, but I agree this is probably well known by the biggest companies. You’ve probably never heard of RBC but it’s the largest Canada domiciled company by revenue|profit|market cap. Bank of America is “only” worth twice as much, and they have a market 10 times bigger. We’re talking top 10% on the S&P 500 index, if the US ever annexed Canada. So it’s pretty far from a nobody company.

    And Facebook gave them unlimited access to user information, including their private messages.

    If RBC had that access, you can bet Chase, Capital One, and BofA did too. Other guys as well. Think about all of the top 50 US companies by market cap and ask yourself whether you’d be comfortable with them being able to read your private messages. Because it’s a safe bet that they did.
    So this is probably just the tip of the iceberg, and we should think of these revelations as a purely private sector analog of the Snowden revelations.

    Funny thing, at the time of the Snowden revelations, a professor of mine was rather adamant in response to some student concerns that the government was reading our emails that, well, the private sector was doing the same exact thing. And for some reason people didn't really blink, because for some bizarre reason Americans are more likely to trust their bank than their congressional representative.

  18. #1218
    It's almost as if private sector lobbyists embodied in the likes of Reagan and co., who have fed us nightmares about G-men running around at night coming up with nefarious plots to enslave us, well, were engaging in highly weaponized pro-business propaganda.

    "Government control is evil! They will read your emails and enslave you like the GDR. Elect us to government and we will stop them, so that we can let our friends in business do the exact same thing."

  19. #1219
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    Quote Originally Posted by Reverend Jones View Post
    So this is probably just the tip of the iceberg, and we should think of these revelations as a purely private sector analog of the Snowden revelations.

    Funny thing, at the time of the Snowden revelations, a professor of mine was rather adamant in response to some student concerns that the government was reading our emails that, well, the private sector was doing the same exact thing. And for some reason people didn't really blink, because for some bizarre reason Americans are more likely to trust their bank than their congressional representative.
    No. Gubmint evil. Private property good. Business good.

  20. #1220
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    Facebook is now claiming people 'consented' to others reading their private messages.

    America desperately needs a version of the GDPR.

  21. #1221
    we need a private sector version of the GDR

  22. #1222
    Quote Originally Posted by Wookie06
    The most terrifying words in the English language are: I'm from the government and I'm here to help.
    .

  23. #1223
    On the other hand, perhaps:

    Yeah, I think nytimes is intentionally being misleading here. I don't doubt FB made some shady deals with the big tech companies, but it seems like they're conflating granting app permissions so that certain functions like sharing Spotify songs over Messenger work with granting access to all user data.
    Seems to me, that without some comprehensive law (GDPR?), we won't every really know wtf they are doing with our data. And consumers won't seem to care.

  24. #1224
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    Some people like their government ¯\_(ツ)_/¯

  25. #1225
    Quote Originally Posted by Ronald Reagan
    The most terrifying words in the English language are: I'm from the government and I'm here to help.
    Wait a minute... this quote now makes perfect sense to me, now that I realize who the pronouns really refer to: namely, the party being terrified here should be understood as businesses, and the people the government is trying to help are the voting public! Holy cow they did a great job pulling the wool over people's eyes.

  26. #1226
    But by Steinbeck's Lemma, we know that every voter is actually isomorphic to a millionaire at a later date. So it's OK. We can all be millionaires, we just ALL have to get lucky and win the jackpot. In fact you're going to win so much that you're going to be tired of winning. There can never be any losers in the game of capitalism. (Except of course the undeserving ones who are simply lazy by virtue of being black, not following the bible, etc.)
    Last edited by Reverend Jones; 12-20-2018 at 02:24 PM.

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