HN user
Snark is a normal interaction in civilized society and academia and has been throughout recorded history. It has nothing to do with the internet. Feel free to delete my account from your bubble of ignorance.
“Don’t be human.” Noted. Feel free to delete my account. If you ever learn how human beings work... well, I won’t care. Enjoy your bubble of ignorance and right-wing terrorism
You don’t ask a scammer “are you a scammer”. And there is no “Quantum Computing Industry” yet outside some scams and hype. We remain nowhere near real quantum viability. And Musk hired people with experience. I can’t find anyone with experience connected to this company. Nobody talks about it publicly except the founder and hyped up press releases, and their documented staff are mostly dedicated to “intellectual property”. This is a scam and/or patent troll. End of story.
Pffft. The WEF is a celebrity getaway in the Swiss alps for the same people who caused the 2008 crisis and got away with it. If they’re making that prediction in good faith, it’d be a preemptive confession of guilt. If not, it’s just a distraction from their routine crimes.
If the customer is using it as an excuse, yes I would. They’re trying to weasel out of their responsibilities, responsibilities they almost certainly incurred voluntarily.
If you don’t make payments as agreed, your credit score goes down. If you do, it goes up, and will soon recover from the perfectly reasonable dip it took from your mistake. It’s pretty simple.
But you're putting nonsense in the creditor's mouth. You don't know what the conversation was like, you only have the summary of one person who feels wronged.
"You" have statistics attached to you. Default rates, lifespan, cancer risk. Given people A and B in similar life and financial situations, A or B might defy the statistics that say they'll both pay or default, but they probably won't. The only way a bank or anyone can predict this is statistically.
What are these "grave and hidden responsibilities" you're talking about? Paying your bills is hardly an obscure pastime.
As for your PS, I don't respond to conspiracy theories.
If it's not, they're wasting money for no reason, and someone will come along and do the same thing without giving the credit bureaus any money. They're not actually legally obliged to use credit bureau data. They could just throw money at people in the street and hope they get confused and throw back more.
Ah, you may be right, but even that still makes the report valid.
Let me tell you what I hear as a business person if you tell me my letter to you was misdelivered: "My mail delivery is unreliable so it's your problem."
Well, no, you didn't tell me it was unreliable, so I couldn't adjust my risk perception or take special precautions. And if you ever want to do business with me again, you're going to come in and execute the transaction on site and not leave with the goods until the bank confirms it's cleared.
On top of which, most billing contracts specify that payment is due whether or not you were notified. You are supposed to keep track, too.
And yes, this is okay, because until we have a proper socialist system, it is, in fact, our responsibility to pay our debts. Don't like it? Don't incur debts.
Committed or were complicit in the fraud and got in too deep to recover from the inevitable crash. This has all been widely and loudly reported on for a decade. There's a reason people are pissed that the executives who ran these institutions into the ground and fucked up the economy were barely prosecuted.
This isn't complicated. You incur a debt, you pay it. If you can't, people aren't going to want to do business with you, and will quite reasonably refuse.
You are trying to make everyone else responsible for my finances and I'd damn well thank you to stop, since they're mine.
Ah, but there is no indication they didn't. What happened is that the check was sent, but did not arrive. In other words, the customer and his agent (the postal service, probably) in the exchange did not fulfill their job of getting the money to the business. That is not something the business can control, and if you try to make it their responsibility, they will simply start refusing payment by mail, since it would be a constant and high level source of fraud.
They didn't. Pension plans and individual investors are not sophisticated financial organizations. They rely on those that are to do their job in a non-fraudulent manner. They didn't.
If Osama bin Laden's ghost appears to you and says "There will not be a terrorist attack in New York tomorrow.", and then there is, and this repeats a few times, the fact that his statement is, facially, a lie, and the fact that he can't even exist doesn't matter. You have an input that correlates with a certain output. The intent of the person who provided you the input, or even how nonsensical you think the input is, doesn't change its statistical usefulness.
That doesn't seem relevant to the question of whether credit scores are statistically useful.
The contract you agree to for credit cards or other forms of debt you choose to take on will specify things like late fees and that it's up to the company's discretion whether they report you a late payment to the agencies. If they didn't have this clause, you'd just be complaining that they report everyone indiscriminately rather than giving people a break when it seems appropriate.
It's not that weird. If your score is, say, 750, 50 points is about a 7 percent change. My finances very easily vary 7% from month to month!
50 points also isn't likely to make much difference, especially if your score is already good. Loans basically go off tables. Essentially if you're between A and B, you get this rate for this losan, C and D gets this rate, etc.
Once you're past 700, you're already getting good interest rates and banks will fall over themselves to loan you money if your income supports the loan size. When I was at 780, the loan officer couldn't give me a lower rate on a mortgage - I was already getting a fraction of a percent over prime.
It is not my job to go out and manage my customer's finances and take their credit cards or write myself checks from their accounts, and I'd be quite rightly arrested for theft if I tried.
I know. :) It's fun in two ways, in fact. In one way, I could say "See? New Mexican companies are all criminals!", but in the other, I can point out that Microsoft, while scrappy, was basically trying to sell something they knew they could build - and everyone else more or less did, too. They made something important, and evolutionary, but not revolutionary.
Any company that says "The revolution is here!" is suspect, but if they can't actually give you a device that brings major, practical, commercially important changes, it's probably bullshit.
That was something subtly different. The banks more or less knew they were taking poor risks, the problem is it wasn't their risk to take. They quietly packaged these bad mortgages along with others and resold the mess to less sophisticated investors (like pension plans). Then the bubble burst, the well dried up, and banks started collapsing. It wasn't a mismanagement of risk, it was criminal fraud writ large.
If you don't pay your bills, I think it's entirely reasonable for businesses to tell each other about that so you don't defraud them out of a lot of money.
Large financial organizations have teams of analysts whose entire job is to relate consumer information, such as credit scores, to statistical outcomes. If the credit scores weren't giving them useful information, that would show up rather quickly.
Credit scores change constantly. What your 80 point drop told creditors is "This person might not have enough money to pay their bills, or is careless or forgetful.". You are perceived as higher risk because, statistically, you are a higher risk. Those of us who maintain excellent credit do it in part by making sure our money gets where it's supposed to. I check online to make sure payments post, or hand in payments in person, or call in the rare case these days when there's no other way to check.
Fortunately, credit scores usually recover rather quickly from one-off delinquencies if you stay current afterward. And I bet you'll be paying more attention to your bills now, won't you?
The credit score is doing exactly what it's supposed to.
No, they make a claim and their only sources are their own work that doesn’t appear to have been peer reviewed or even vouched for by anyone that doesn’t work for them.
A true memristor as envisioned by Chua would be a revolutionary device of extreme utility. If knownm has what they say they have, the company would be worth billions. But they’ve been around for years and their website looks like every other scammy snake oil site out there.
Hah, I just noticed, the founder and the CTO have no industry experience and I can’t find anyone who does connected to the company. They started this scam fresh out of college.
And more: Their "angel investor" and "chief administrative officer" is the founder's mother, but this is very carefully sidestepped in the bios. Every time I look closer, it's one more classic sign of a scam.
Who are their process engineers? Where is their fab? Are they contracting with a third party? Who? Will they vouch for the technology?
Ahahahaha, as it were:
"In January of 2018 AHaH Computing was proven feasible with Knowm SDC Memristors on the open-source Memristor Discovery platform. As of January 2019, Knowm SDC Memristors passed four years of shelf-life testing and have shipped to researcher in over forty countries."
The "Memristor Discovery Platform" was made by... Knowm. (in other words, "it works because I say so").
Are you sure this isn't a practical joke?
We've been here before. Companies make all sorts of microchips that do a lot, a little, or nothing at all, and many are counterfeit and outright frauds. When a small company in New Mexico with no experience tells you they're going to revolutionize computing, just walk away.
Maybe your position was wrong. I know, hard to believe that you’re not some poor persecuted victim and might have just made a mistake.
This isn’t primary school.
They are real if you accept the branding of of companies trying to sell products that don’t really do much to people who are lured in by buzzwords. Those of us who actually do real work have serious doubts.
Yes. Why?
Universities are not job training and professors are not your primary school teacher. They are serious academics whose writings and work can have global, multi-generational impacts. If you can’t go toe to toe with them and tell them why they might be full of shit, you’re just taking up valuable space and should go find an appropriate trade school for the low-responsibility lifestyle you actually want to lead.
Very easily. Analog computation used to be very common.
This looks like a snake oil salesman rebranded CBRAM as a memristor and hoped nobody qualified would notice that they're claiming a revolutionary breakthrough.