• 2 Posts
  • 544 Comments
Joined 1 year ago
cake
Cake day: June 6th, 2023

help-circle














  • You say that like a specific technology is inevitable, but it never is. The general march of tech will continue on, but no one thing is ever guaranteed.

    e.g. 20 years ago everyone needed custom browser toolbars and now it’s not even possible to add one on major browsers. We eliminated the need for browser features by cramming 99% of what we need into a handful of websites that are constantly refreshed.

    e.g. 10 years ago blockchain was surging and today it still doesn’t have a usable application. Turns out spreadsheets don’t really need to be distributed.

    Machine learning is just an algorithm nobody understands. If I needed something to give me wrong answers to questions I’ll ask my dog.






  • s_s@lemmy.oneto196@lemmy.blahaj.zone📄 rule
    link
    fedilink
    arrow-up
    33
    ·
    edit-2
    25 days ago

    We have a fee-free bank-to-bank transfer system that is based on pre-digital technology that takes 2-3 business days. We often call it “direct deposit” or automated clearing house (ACH). It’s often used for payroll and paying bills.

    Now, we could probably make this payment system instantaneous relatively effortlessly (and thus useful for regular in-store purchases), but the banks lobby against this so they can continue to charge us fees and interest to over-use credit cards. (Interestingly enough, credit and debit cards all use direct deposit on the backend to actual transfer funds between parties).

    This is all fine and dandy for most people because they simply can’t imagine doing things a more consumer-friendly way.