ztrww

6 ms·

1.
by ztrww 3y ago
I think there is a standard, so as long your bank’s app supports it and more importantly the merchant actually provides a QR code to scan (which is unlikely). Then again, I don’t see much need for that when I can just NFC pretty much everyw
2.
by ztrww 3y ago
Tapping my phone on an NFC terminal seems much easier and more straightforward than having to scan a QR or install a third party app and having to figure out how to link it with my bank account. There is just probably not a lot of demand fo
3.
by ztrww 3y ago
Apple Pay (unless you use it to pay online) is just wallet app for debit/credit cards, Android has the same thing. I guess in Europe there is just much less demand for systems like this because NFC terminals are you ubiquitous.
4.
by ztrww 3y ago
is it really that different from SEPA though?
5.
by ztrww 3y ago
I don’t see their point much different from what you described in your comment.
6.
by ztrww 3y ago
> the harsher reality we live in as terrible as it is if we focus on the whole developed world “we” is just a tiny minority (even in the US, just unfortunately not as tiny…) > unrealistic view of policing so maybe they could do a sepa
7.
by ztrww 3y ago
> 0.12 percent of world electricity That seems a lot? I’d have guessed it’s a magnitude or two less
8.
by ztrww 3y ago
> Wireless charging is so wasteful Just how wasteful is it? 70-80% vs 9X% considering how little power phones use on average is insignificant… You’d save what? 1-2 kWh per year at the very most? Totally irrelevant..
9.
by ztrww 3y ago
> There's nothing obvious about this to me - how would you distinguish that from survivorship bias? So success of companies is entirely random? That seems statistically unlikely… I mean are you really saying that there are no decisi
10.
by ztrww 3y ago
I’m not that sure that a higher proportion of profits going to the shareholders would be a better outcome. Sure the money saved by paying the CEO less might result in lower prices or go to lower ranked employees but it’s not obvious to me t
11.
by ztrww 3y ago
> The boards, the CEOs, etc. these are not positions that truly need talent and shrewdness these are positions that exist for people to aspire to. And yet depending on who’s the people in these positions are the company might earn up to
12.
by ztrww 3y ago
Depends how you measure “earning”. If we look at Google’s stock price and growth in relation to its competitors he possibly cost significantly more money to the company than he was paid.
13.
by ztrww 3y ago
> How many people bought or used a tech product solely based on the CEO of the company? Virtually none A lot bought it because of some decisions made by the CEO. They likely wouldn’t have bought it if he hadn’t made them (of course it
14.
by ztrww 3y ago
Would Apple have become one if not the most successful companies of all time if they had all the other people who helped Jobs accomplish this but not him? Probably not.
15.
by ztrww 3y ago
> Any moron knew it was time to invest in da Cloud once AWS was successful. Yet Google doesn’t seem to be doing all that well at all in this area. At least relatively…
16.
by ztrww 3y ago
I do agree in principle but it’s not that obvious to me if overall it would be much better if all the surplus went to the shareholders instead. At least CEOs generally have to actually work for that money.. > CEO's aren't speci
17.
by ztrww 3y ago
> total spending per employee (not even just SWE) is about $1mm Where did you get this figure? It doesn’t sound right at all..
18.
by ztrww 3y ago
aren’t Google’s payouts for ads to websites/content creators/etc. included in their costs? and of course all the other stuff the other comments mentioned and also including paying various contractors hired through other companies.
19.
by ztrww 3y ago
I don’t think “skillset” is the right word either. It’s the financial outcome of the decisions the CEO makes which is the only thing that really matters. Which is notoriously hard to measure and impossible to do in advance. So companies ten
20.
by ztrww 3y ago
> how many super hard working and ultra educated people Both attributes seem to be somewhat tangentially related to being a highly successful CEO. There are plenty of examples of “super hard working” and educated CEOs running their compa
21.
by ztrww 3y ago
Which would likely end with only being able to hire significantly less competent CEOs than other companies. Only on average over long term of course. There is quite a lot of variance considering how useless someone like Pichai seems to be.
22.
by ztrww 3y ago
> it's much harder to measure their performance That doesn’t mean that their performance can’t significantly affect their companies stock price to a much higher degree than similarly paid athletes could. > Physicality is far more
23.
by ztrww 3y ago
For photos?
24.
by ztrww 3y ago
Do people really spend significant amounts of time arguing whose phone is better in the real world?
25.
by ztrww 3y ago
I mean… Switzerland IS the silicon valley of Europe and generally has much higher salaries than every other place in Western Europe. Also it’s a very small country. Also no.. the average software developer salary in most US (not impoverishe
26.
by ztrww 3y ago
> Salaries are cheaper while social charges and taxes can be higher. That doesn’t even come close in explaining the gap in salaries. ~10-20% in extra taxes (also remember that your employer is paying for your health insurance in this US,
27.
by ztrww 3y ago
> Salary is like 15-20% of costs That really, really depends on your business model. For most software companies it’s much higher than that (especially if you factor in stock based comp) > Everyone wonders why healthcare sucks and lab
28.
by ztrww 3y ago
> weren't using YouTube to begin with Or using it with an ad blocker
29.
by ztrww 3y ago
But nominal growth is huge unlike back in 2008/9, most of that is eaten by inflation but it should still result in meaningful revenue growth in many sectors.
30.
by ztrww 3y ago
but they are not just somewhat lower, they are massively lower. Is 1-2 extra week really worth $50-100k? Also many (most?) tech companies offer more than 2 weeks in the US

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