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These tend to be swampy wetlands, and people have drained and developed swamps all the time for hundreds of years.

Good for them, the little buggers. Here's to another half a billion years. I have no doubt they'll outlast humans.

Cloud skepticism was never on the level of blockchain skepticism.

Cloud solves a real problem of scalable and efficient resource allocation and provisioning for distributed applications, as you note, in both public and private cloud settings, a problem and concept well-understood in the research community that long predates "cloud" as an enterprisey business buzzword.

And as applied, e.g. to centralized financial institution ledgers, cloud skepticism has born out. Workhorse mainframes are still doing bread-and-butter work in mission-critical settings just fine. Where they are "modernized" it is not always to anything resembling "cloud" configuration.

Blockchain, on the other hand, "solves" the invented problems of cypherpunk, crypto-libertarian fantasy. There is essentially no application where it has met with unqualified success or demonstrated advantage outside of the criminal underworld. Bitcoin did very much help make monetized ransomware a thing, so there's that.

If I woke up and found that my securities had been instantly and irreversibly transferred to China overnight, I would not be happy, at all.

Yet it is a giant leap backwards for security and irreversible transactions are a deal-breaking bug in the real world of finance. Mistakes and frauds have to be unwound.

"Finders keepers losers weepers" is a playground rule.

> I'm super curious since a lot of smart people seem to be into it.

Because trendy buzz.

As opposed to bitcoin, where nobody has ever lost money ever.

> You will if you try to trade bonds in the conventional way, which is a huge pain in the ass.

And that's a bunch of horsecrap. Do you buy stocks in your name too? No. Ordinary investors hold securities in street name with a brokerage.

I've bought corporates through Vanguard Brokerage Services, which actually doesn't have a great reputation for being friendly to buying individual securities. It's a click of the mouse and $2 per $1K face or half that if you have a large account. You can also call up the fixed income desk and do it over the phone. No problems.

That's only part of the "os" if you mean part of the installed libc, as opposed to part of the kernel. Managing heap is done in userspace.

For anyone for whom it's not obvious. The point is not that he spiked her chances to get hired for rejecting his advances, or that she wasn't treated fairly by in the remainder of the interview process. The point is that he hit on her when she was expressing interest in a job, an advance backed by not only an (even if ultimately unfounded) fear that her application MIGHT be spiked if she rejected his advances, but a strong impression that ACCEPTING these advances would GET her the job. Sex and romance in the workplace is always fraught, but this is why above almost all you never, never initiate them with someone in your chain of command or when they are attempting to move into it. Contrary to what others are saying it is still in and of itself probably not a crime in most jurisdictions but it is a serious civil wrong that can cost immense money and goodwill, besides being just wrong. And if you're the CEO of the organization, well, you should be appropriately compensated already.

this is actually 100% bullshit. HNW individuals do have opportunities in private equity and hedge funds not available to the general public but the risk/return curve is not really any better than what's available to joe bloggs in a brokerage account these days. possibly far worse.

The real advantage gains reaped are in things like tax avoidance and asset protection. These are vehicles that tend to be available to the really rich and only really useful to the really rich.

"Everyone above a couple mil gets 10-15% annually and just doesn't talk about it"... please. Bull. Shit. Those who do talk about it all the time. Those who lose their shirts are the quiet ones.

There have certainly been times when nominal yield of 10-12% was the norm (before inflation/taxes). Those days are not these days. And these days earning the market (domestic or global) with minimal cost is available to literally anyone with a checking account and a smart phone (in the USA at least).

tip to the uninitiated, this is called "closet indexing", and it's bad. If you want an index fund (and you should), buy a no-load, low-cost index fund.

Not really, there is a net gain for deferring taxes on gains beyond $3K. But irrelevant for tax-advantaged retirement funds.

The main problem is that TLH is irrelevant in tax-free/deferred retirement funds, which is where you should be sticking your savings if you haven't maxed them out, which is the situation of most people who use these robo services.