Real Time Payments Network

The clearing house has released business principles that outline the operation of the real time payments (RTP) Network. A full set of guidelines is here. These are important inasmuch as they set out key points, among them most importantly: TCH runs the RTP network as a utility for the benefit of the industry and RTP fees shall continue to be flat for all participants regardless of size, and shall not include volume discounts or minimum volume requirements. It does though, contains a super-clause, which is typical of the monopolistic “free market” here in America. In an effort to restrain competition, … Continue reading Real Time Payments Network

Stock buybacks rule – Tax breaks enable

As predicted, not by the tweeter in chief, but by almost anyone who understands big companies and executive, stock buybacks hit an all time high in 2018 and are likely to be higher again in 2019. This is a big deal, companies that buyback their stock, are reducing the number of shares available on the market. That generally means the share price goes up. Share prices are often one of the main ways executives are measured, their bonuses are usually dependant on the share price. Also, because the price of each share goes up, it makes it harder for lower … Continue reading Stock buybacks rule – Tax breaks enable

What’s a #blockchain?

@AARP magazine nails #blockchain #blockchaintechnology pic.twitter.com/vS1d755Czu — Mark Cathcart (@cathcam) October 28, 2018 I posted the above to twitter, but its not really a joke. #blockchain has become the emperor’s new clothes and to some degree, @AARP is right.  The original article may be a little more aimed at humour than technical depth, but it’s not wrong. A few of my friends have already been cold called and offering blockchain backed securities and similar. We know that’s mostly just marketing BS, but they don’t know. So this is, whatever you think, a good way to get them thinking about it. … Continue reading What’s a #blockchain?

Look & See – Rural America

I’ve written a number of harsh posts about those living in rural America, mostly based off the perception that is pushed by the Republican party, that is, rural Americans don’t understand, and resent urban Americans. That rural Americans are the god-fearing, backbone of America and urban and city dwellers are welfare dependents, and worse still, socialists. Certainly, the Republican party continue to push this agenda today, dividing sub-urban and rural communities from the cities. As shown here, rural Americans claiming benefits has sky rocketed between ’96 and 2015; increasingly, the programs getting cut, adversely hit rural America harder, as rural … Continue reading Look & See – Rural America

Google and Voice

You’d think given the proliferation of voice activated home technology like Alexa, Siri, Google Voice Assistant, Cortana etc. we’d be on the home stretch for voice activation in cars, where distraction is a real life threatening problem. I don’t travel much now, I don’t drive more than 6k miles per year, which is a good thing based on today’s experience with Google. I’ll admit, I didn’t do any scientific research, I’ve no idea what other brands do, but I got stuck in traffic today heading into Boulder. I asked Google Assistant to read a web article from Vox. My Google … Continue reading Google and Voice

The Popularity Of ‘Westworld’ Points To Our Anxiety About AI

“If things play out with AI the way that they have done with Facebook, we’re in a lot of trouble.” Jonathan Nolan Source: The Popularity Of ‘Westworld’ Points To Our Anxiety About AI, The Show’s Creators Say | Here & Now Continue reading The Popularity Of ‘Westworld’ Points To Our Anxiety About AI