Recent comments in /f/technology

PhilLB1239 t1_jdx6rxz wrote

> Google Wallet has always been a bad idea if you care about privacy.

I mean, is it? You are essentially giving up privacy on Google's side since they now have your credit card information and your purchase history, but in return, your credit card information is now randomized on the seller's side. Up to you if it's worth the tradeoff.

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__-___--- t1_jdx2d3f wrote

True but the major difference is that you can tell who benefits from it.

It doesn't prevent some people to be in denial about it, but if you want to know, you'll find out.

An AI doesn't have human motivations or plans on a human scale. What do you look for? How do you know if it's advising against your own interests?

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BrownMan65 t1_jdx1r2y wrote

They couldn't pay back the loan because they literally did not take the time to allow phase 1 to bring in revenue. Just because it was completed in 2010 does not mean that shipping lines are immediately established with the new port in mind. It takes time for things like that to change and before that could happen, phase 2 was started. What do you think happens when you have a loan that you haven't made progress on and then take out a second loan that is over 2x more than the first one? It's not really a crazy concept here and is a failing of the Sri Lankan government.

On top of that, the loan did not come with an agreement for China Merchant Port to take 65% stake. Sri Lanka sold part of their stake to the company in 2017 as a means of paying down their debt. The loan that Sri Lanka took from Exim even came with a post crisis interest rate of 2%, nearly 5x lower than anything the IMF has offered Sri Lanka.

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MarkusTeak t1_jdww1q5 wrote

There’s actually one bit of tech that’s “relatively” simple that’s currently being hidden from public use because it would diminish big tech profits from monetizing users at scale. The founders aren’t obscenely wealthy, from what I remember they weren’t even close to being millionaires let alone billionaires, but they got threats and went into obscurity to let the heat die down from the big tech companies and investors. It would be quite a radical phase in tech that actually benefits humanity by raising the floor for billions instead increasing the ceilings of folks who already have 50ft ceilings. Imagine if lies, bad ideas and money weren’t such pervasive motivators for innovation and building. Anyway - thanks for sharing.

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BrownMan65 t1_jdwv9hs wrote

>In Hambantota, instead of waiting for phase 1 of the port to generate revenue as the Ramboll team had recommended, Mahinda Rajapaksa pushed ahead with phase 2, transforming Hambantota into a container port.

The President of Sri Lanka pushed for the second phase to begin immediately before phase 1 could begin to generate revenue which ballooned the country's debt. Again, I'm not sure how you can blame China for this.

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BrownMan65 t1_jdwtdef wrote

> It was the Canadian International Development Agency—not China—that financed Canada’s leading engineering and construction firm, SNC-Lavalin, to carry out a feasibility study for the port. We obtained more than 1,000 pages of documents detailing this effort through a Freedom of Information Act request. The study, concluded in 2003, confirmed that building the port at Hambantota was feasible

>We reviewed a second feasibility report, produced in 2006 by the Danish engineering firm Ramboll, that made similar recommendations to the plans put forward by SNC-Lavalin

Please shut up. You're too stupid for your own good.

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