blasphemers

I think there is a different reason some small restaurants are cash only.

The willful ignorance of the tech community is getting out of hand. This is the same thing as the "windows 10 is the last version of windows" discourse which stems from the absolutely abysmal state of tech journalism. You would think that by now that it would at least match financial journalism, but apparently we're fine settling for people who don't care about or understand what they are writing about.

This isn't an issue, the 10 years of support was promised for the hardware, not the software. They are fulfilling that promise by updating the devices to GooglebookOS.

It's not like pension funds are forced to invest in VC funds. It's the unions decision too, so ultimately if they are bad investments, it's average joe union workers fault they voted for shitty leadership.

Wasn't Bernie saying the government should confiscate half of OpenAI and Anthropic. This seems like sama is just trying to get ahead of it.

Yea, I've seen this a few times now on here where people are acting like ICE is going to arrest them for being here legally for a conference.

Visa/MasterCard take like 0.3% the rest of the interchange fee goes to the issuing and acquiring banks.

Ruby is strongly typed

I feel like there used to be a time when wired magazine was worth reading, but I can't even remember when that was at this point.

GitHub hasn't been moved onto azure yet, they just announced it's their goal to move over in 2026

Is the cost of a dining room socialized if a restaurant does take out? It's a business cost that was from it's inception sold as a way to increase potential customer base and reduce risk, which is still a valid and correct way of looking at it considering bounced checks don't get paid out to merchants and cash gets skimmed.

What payment provider is allowing payments without accessing the customers current funds? With a CC, you can charge $1000 with only $100 in your bank account. That is not something you can do with ACH, check, cash, etc. Pay Now Pay Later providers like Affirm would also allow this, but I'm not sure what that looks like from a merchant POV

Visa's fee in the US is also only 0.3%. Most of the interchange fee goes to the issuing bank and is used for cardholder rewards/benefits.

Except the networks are not forcing their morals onto anyone, they are not payment processors.

Visa/MasterCard are essentially a network of banks, they only get a small percentage of the interchange rate. Most of it goes to the issuing bank which they use for rewards.

This line of thinking also ignores an important aspect of credit cards that benefit the merchant. 2-2.5% is not that much when it means you can sell to people without worrying about if they can pay for it. When that customer ultimately doesn't pay their CC bill(look at how high CC debt is), the issuing bank still needs to pay the merchant.

Besides a complete stranglehold on labor markets in a number of industries where the government is required to use union labor for infrastructure projects and they limit the number of laborers to drive up price. Or how about the Plumbers union that forced the city of Chicago to continue installing lead pipes until the federal government had to force them to stop. Beyond that, the power to promote good workers or make necessary changes across the org. For example, why doesn't Chicago have any driver-less trains and a conductor shortage? The unions are preventing both.