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 https://news.bitcoin.com/japans-virtual-currency-girls-idol-group-performs-first-crypto-educational-concert/ quote:Japan’s new female idol group “Virtual Currency Girls” performed their first live concert on Friday in Tokyo. Their songs incorporate reminders, advice, and warnings related to cryptocurrency trading. The girls receive their salaries in bitcoin and the show’s tickets and merchandise are also sold for the cryptocurrency.
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Jan 14, 2018 21:12
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Tuxedo Gin posted:
The new Tiger Mask crew is looking pretty good.
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Jan 14, 2018 21:14
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Commissar Kayla posted:Also: I was at a seminar, and there was discussion of whether or not brokers and/or carriers of Cyber insurance should just keep a stash of bitcoin to pay ransomware demands as part of cyber insurance, since getting the required amount of bitcoin on short notice can be difficult. I am super-interested by this one, because I actually bothered tracking down all the information I could on it for my bitcoin book. Basically, all the press action about it traced back to ... one Citrix press-release with a catchy headline. Effective press release, that. (The press release wasn't somehow terrible - it was just Citrix reporting an interesting result from a security survey they ran. But the media ran with it to a ridiculous extent.) I wrote up everything I could about it here. Basically (1) if it happens I'm pretty sure it hardly happens at all (2) it's an arse getting hold of and holding bitcoins 'cos bitcoin is trash (3) the crooks way too often don't pay up (4) spend the effort on backups. But I would be most interested by any information you have on whether anyone is actually doing this, or whether recommendations are that they should or shouldn't.
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Jan 14, 2018 21:45
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Thanks and holy crap.
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Jan 14, 2018 22:57
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Tuxedo Gin posted:
Good lord, western media reporting on Japan is so excruciatingly awful. This minor idol group (there are thousands and thousands of them across the country since for some reason "group of cute girls who can just barely hold a tune" is an accepted genre) is "Japan's idol group" in the same way that the group of Crosby Stills Nash and Young cosplayers doing a gig at your local McBar is "American's Country Music Gods". I'd say with near-certainty that there were probably fewer than 50 people at that group's "concert" and they will quietly disband or reimage themselves before the end of the year at the latest. It's only that they are riding the buttcoin bandwagon and some idiot press bureau has a terminal programmed to ding whenever someone mutters "bitcoin" somewhere in the world that this has been reported on. It's too early in the morning for this bullshit aaaaaaaaaaaaaaaaaaaaaaaaaaa
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Jan 14, 2018 23:10
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Sounds like you're just jealous you're not up there representing Monacoin.
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Jan 14, 2018 23:14
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Weatherman posted:Good lord, western media reporting on Japan is so excruciatingly awful. I didn't read it as a claim to be representative of the country as a whole, but rather just that they're from Japan. I think you're getting a bit too worked up about the specifics of teenage girls dancing and singing about crypocurrency. Tuxedo Gin fucked around with this message at 23:32 on Jan 14, 2018 |
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Jan 14, 2018 23:24
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Weatherman posted:Good lord, western media reporting on Japan is so excruciatingly awful. Which blockchain fork eases your purchase of hentai the most?
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Jan 15, 2018 00:22
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Weatherman posted:Good lord, western media reporting on Japan is so excruciatingly awful. Consumer of deviant pornography spotted.
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Jan 15, 2018 00:31
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divabot posted:I am super-interested by this one, because I actually bothered tracking down all the information I could on it for my bitcoin book. To my limited knowledge, no one had actually done it. The seminar raised it as a point that had come up in discussion, and something to consider doing if bitcoin ransoms continue to be a thing. The seminar was from around the same time as your blog post, so during the whole furor over that press release most likely. I could easily see a broker in Silicon Valley using that as a selling point, though. "We keep X number of bitcoins on hand that are available for you or your carrier to purchase at going market rate so we can pay off the ransomware guys". Whether or not it would ever actually get used isn't that important. It would differentiate you from the competition where bitcoin-worshipping tech bros are concerned. Actually you probably wouldn't even need to be a broker. Start a business selling a service to brokers or carriers, that you have bitcoins (or etherium, or whatever nonsense coin is the more popular) and for a small retainer, they have the option of buying them from you in the event of a claim and you promise to always have $X in bitcoin available. The service doesn't have to be useful, it just has to sound useful. However, I'll let you know if I hear anything else about it. Maybe I'll mention it to some coworkers and see if they've heard more from the exec who was into bitcoin. Somewhere I've got the presentation from his seminar. I'll see if I can dig it up for more delightful WTF nuggets.
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Jan 15, 2018 02:02
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Horseshoe theory posted:The new Tiger Mask crew is looking pretty good. better workers than IV
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Jan 15, 2018 02:18
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Commissar Kayla posted:Which segues into another fun coverage, patent troll coverage! Getting patent lawsuit coverage for lawsuits from actual competitors with legitimate claims is so loving expensive almost no one buys it, but there is a pretty stable market for insurance against patent trolls. Because defense costs are so high, the coverage is basically you paying the carrier to cover settlements and to tell you exactly how much each patent troll law firm will settle for. It's a whole market of insurance based around people filing borderline frivolous lawsuits so regularly that paying them off is almost standardized.
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Jan 15, 2018 12:16
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ShadowHawk posted:This seems strange to me. If you're organizing everyone against trolls wouldn't game theory dictate a more aggressive strategy than just paying them off? That would give trolls a much stronger reason not to sue anyone covered by such a pact. Oh, but they're not organizing everyone; they have everyone as clients. For each client separately, it's easier to settle than to hope that others will choose to fight with them. Typical Pareto efficiency.
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Jan 15, 2018 18:02
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Commissar Kayla, what do you do when asked to issue insurance for a company with notorious bro culture, before it has actually hit the media? Do you say "We're going to have to pay out on this one, don't even bother offering a bid", do you bid so high the client won't accept it? Other?
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Jan 15, 2018 19:10
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ShadowHawk posted:This seems strange to me. If you're organizing everyone against trolls wouldn't game theory dictate a more aggressive strategy than just paying them off? That would give trolls a much stronger reason not to sue anyone covered by such a pact. It depends. The trolls may well have a sound legal strategy, sound enough to get tied up in court for YEARS. The carrier might fight a truly frivolous lawsuit and try to get it thrown out, but if the patent troll owns a patent on something, and they sue someone over it, it doesn't matter that the patent troll is a non-practicing entity who isn't using it. It's their patent, they can enforce it as they please. Which means that fighting would only somewhat reduce the number of suits, and cost millions in legal fees in the meantime. Absurd Alhazred posted:Oh, but they're not organizing everyone; they have everyone as clients. For each client separately, it's easier to settle than to hope that others will choose to fight with them. Typical Pareto efficiency. Also, this. They aren't making an organized union of small companies standing up to patent trolls, they're collecting premiums from each individual client for their individual coverage. It is almost always going to be cheaper to just pay the patent troll $50,000 or whatever and then agree to pay for use of the patent for the rest of the life of the patent. Patent trolls, unlike actual competitors, don't want the person they're suing to go out of business. They want that company to be able to pay penalties and then pay for use of the patent, which means keeping their settlements within payable amounts. Arsenic Lupin posted:Commissar Kayla, what do you do when asked to issue insurance for a company with notorious bro culture, before it has actually hit the media? Do you say "We're going to have to pay out on this one, don't even bother offering a bid", do you bid so high the client won't accept it? Other? I work at a broker, rather than at a carrier, so we don't actually underwrite the insurance. A bit of explanation about how this works: Brokers exist to serve the client's needs. We educate them about coverage, we review contracts, we help them pick the level of coverage they need, we help them understand areas where they may have exposures they didn't realize, and we market their insurance program to different carriers to find them the best deal on the coverage they want. We're an advocate for them to the insurance companies. We even help with claims, fighting on their behalf with carriers. However, we don't make the decisions on whether or not to sell someone insurance. We don't have to pay the claims, after all. We work for fees and/or commission depending on the client. Generally, bigger clients will be fee based, and smaller ones commission based, though different brokers may do this differently. Carriers are the people who underwrite the policy. They collect the premiums and pay out claims. Carriers absolutely will decline to quote coverage for people who are a bad risk, or even just not the risk they're looking for. However, no matter how bad the risk is, there is one place where almost anyone can get insurance for anything, though the cost may be so high it's not worth buying: Lloyd's of London. Lloyd's is not a traditional carrier, and they write weird insurance, bad risks, and unusual situations, in addition to more normal stuff. Lloyd's isn't one company managing a risk portfolio, it a place where the representatives of individual investors decide what to underwrite. Fun fact: the term "underwriter" originated at Lloyd's, because people used to take on a risk by signing under the description of it. Because underwriters at Lloyd's can sign on to part of a risk, not the whole thing, you can split up the terrible horrible risk (that could pay out largely if they don't have claims but do pay those heinous premiums) between many investors. You can also see "towers" of insurance. An excess policy is a policy that only kicks in when the limits of the underlying policy (or policies) have been exhausted. This is common in clinical trials insurance, product liability, and errors and omissions insurance, but I've seen it for things like auto policies for driverless cars and general liability for delivery services. Because the upper levels only kick in if the lower levels are exhausted, you can spread the risk around this way. For example: E&O Primary Layer: $5 million, maybe a $50,000 premium depending on risk levels. Varies massively depending on exposure. E&O Excess Layer 1, $5M excess of $5M: this ONLY kicks in if the $5M primary policy's limits are exhausted. Because it's not going to be hit by small claims, the premium is much lower. $10,000, let's say. E&O Excess Layer 2, $10M excess of $10M: the bottom two layers have to be exhausted before this one kicks in, making it a very unusual and unlikely event for this policy to be used at all. Because of that, you can get twice the coverage of the level before for the same price, $10,000. There are diminishing savings as you go up the ladder- eventually, the difference in risk between the layers becomes less dramatic, but the upper layers are still much cheaper than the bottom one. Fun fact: I have seen towers of insurance where all the policies are via Lloyd's of London, so they're using both methods of spreading out risk to make writing the policies more appealing. Basically, both of those things happen pretty regularly.
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Jan 15, 2018 20:52
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Arglebargle III posted:I can see why someone can say "It was the right call, the outcome just didn't work out the way we hoped," because you run across that situation all the time in life. You can play your hand perfectly and still lose. I would disagree. GoPro owned the action camera market. When consumer/prosumer quads began to appear, even the DJI models were using GoPro cameras. After a time, DJI switched to their own gimballed camera system, which they now sell as a turnkey system as well, and used the knowledge from that to become a real player in the video stabilization market. Meanwhile, quads have been maturing, and are now a staple among content creators in the action sport/lifestyle fields, with DJI essentially running the show. At the top-end of the market, GoPro faces competition from Blackmagic as a provider of high quality, small form factor cameras for professional productions. For GoPro, not making a play would have meant ceding what is currently the only significant growth opportunity in the market they are in.
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Jan 15, 2018 21:18
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Commissar Kayla posted:Lloyd's is not a traditional carrier, and they write weird insurance, bad risks, and unusual situations, in addition to more normal stuff. You've got it backwards. Lloyd's is the traditional carrier. They're sort of like a living fossil. They also spun off the classification societies.
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Jan 15, 2018 21:59
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BrandorKP posted:You've got it backwards. Lloyd's is the traditional carrier. They're sort of like a living fossil. They also spun off the classification societies. Okay, this is true, they ARE the original. I should have said they aren't a standard carrier, since they're definitely unique. They are the horseshoe crabs of the insurance world.
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Jan 15, 2018 22:54
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If you're going to steal trade secrets in front of your children's nanny, you should probably remember to pay her out of the hundreds of millions of dollars of VC funds Uber has thrown your way. ANTHONY LEVANDOWSKI FACES NEW CLAIMS OF STEALING TRADE SECRETS
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Jan 17, 2018 04:38
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BrandorKP posted:You've got it backwards. Lloyd's is the traditional carrier. They're sort of like a living fossil. They also spun off the classification societies. Thanks for posting this, I was pretty sure this was the case. I wish I worked at a syndicate so I could refer to my company by the number, like the world's most boring gang
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Jan 17, 2018 05:00
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Commissar Kayla posted:They are the horseshoe crabs of the insurance world. They look like that because of the maritime industry and the challenge of insuring ships. That's my context and I'm looking at what you're talking about like this  Seriously in maritime our poo poo is voodoo black magic and tradition, but this stuff is wow.
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Jan 17, 2018 07:23
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BrandorKP posted:They look like that because of the maritime industry and the challenge of insuring ships. That's my context and I'm looking at what you're talking about like this Insert inevitable admiralty law joke here.
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Jan 17, 2018 07:24
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Inescapable Duck posted:Insert inevitable admiralty law joke here. Many a cadet was broken by maritime law.
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Jan 17, 2018 07:33
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For any olds wondering - snapchat is deliberately confusing to keep olds out.
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Jan 17, 2018 11:00
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- hi
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Ocean Book posted:For any olds wondering - snapchat is deliberately confusing to keep olds out.
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Jan 17, 2018 11:39
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Ocean Book posted:For any olds wondering - snapchat is deliberately confusing to keep olds out. Which will also be its downfall because confusing hipness is as fleeting as their stock-value.
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Jan 17, 2018 12:01
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Ocean Book posted:For any olds wondering - snapchat is deliberately confusing to keep olds out. It does seem to have its own paradigm, like just touching computers since the 80s wasn't enough to intuit how to do anything I just thought it was like showing mom how to do stuff in Windows 3 as a kid, lots of her going "wait slow down, was that a left-click, what did you just do" and me going slow and being patient because it meant a bonus half-hour of internet later- but I guess Windows was just accidentally confusing
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Jan 17, 2018 12:08
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Ocean Book posted:For any olds wondering - snapchat is deliberately confusing to keep olds out. I figured it was confusing so that people would click (accidentally or otherwise) on more of the
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Jan 17, 2018 14:03
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Dear Thread, where is the thread to enjoy the current trajectory of bitcoin? It's overlapping with this one, but not directly the same thing, so I thought I'd ask.
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Jan 17, 2018 15:52
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Discendo Vox posted:Dear Thread, where is the thread to enjoy the current trajectory of bitcoin? It's overlapping with this one, but not directly the same thing, so I thought I'd ask. https://forums.somethingawful.com/showthread.php?threadid=3838405
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Jan 17, 2018 16:06
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You have to admit it's worth a mention here for how utterly predictable this all was: 
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Jan 17, 2018 18:21
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Discendo Vox posted:Dear Thread, where is the thread to enjoy the current trajectory of bitcoin? It's overlapping with this one, but not directly the same thing, so I thought I'd ask. The YOSPOS thread is probably the closest spiritually: https://forums.somethingawful.com/showthread.php?threadid=3741325
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Jan 17, 2018 18:22
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CSPAM: https://forums.somethingawful.com/showthread.php?threadid=3826121
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Jan 17, 2018 18:37
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Arglebargle III posted:You have to admit it's worth a mention here for how utterly predictable this all was: That's hilarious.
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Jan 17, 2018 20:08
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Small content producer? YouScrewed.quote:Under the new guidelines, channels will need to have 1,000 subscribers and 4,000 hours of watch time within the last year to be eligible for receiving ad revenue.
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Jan 17, 2018 20:28
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Arglebargle III posted:You have to admit it's worth a mention here for how utterly predictable this all was: I thought the first chart was faked to look like the second chart but nope, it is real https://people.hofstra.edu/geotrans/eng/ch7en/conc7en/stages_in_a_bubble.html
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Jan 17, 2018 20:29
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ryonguy posted:Small content producer? YouScrewed. I've been thing about starting up a channel doing video essays in my field (as a hobby, not a job or w/e) and that's basically killed all interest in doing so.
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Jan 17, 2018 21:39
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T-man posted:I've been thing about starting up a channel doing video essays in my field (as a hobby, not a job or w/e) and that's basically killed all interest in doing so. As long as you stream every day for 12 hours, after a year you'll be eligible!
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Jan 17, 2018 21:55
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ryonguy posted:Small content producer? YouScrewed. Well there goes anyone who doesn’t have a ridiculous MakerStudios level deal or resources behind them.
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Jan 17, 2018 22:21
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ryonguy posted:Small content producer? YouScrewed. quote:Well there goes anyone who doesn’t have a ridiculous MakerStudios level deal or resources behind them. Hahahaha, my wife and I literally just finished our first video. gently caress. So much for that.
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Jan 17, 2018 23:20
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