Using the phrase "my sweet summer child" violates like half of the comment guidelines and is a boring canned phrase to-boot. If you want to insult someone, at least be creative about it.
"Sweet summer child" actually is a kinda interesting insult—it was actually coined by Game of Thrones, and yet has so thoroughly spread that most people don't realize that. I certainly was shocked when I learned that, because I have never even read or watched the series, and so the entire in-universe meaning of it was lost on me—and yet from usage, it was incredibly clear what it meant. And it's catchy, to boot.
(There were some sporadic uses before Game of Thrones, but we're talking like 100 years before Game of Thrones, and the meaning was a bit different.)
Sweet summer child, it's been more than sporadically used in the American South long before Game of Thrones, and well within this century. GRR Martin just used what was already a well known phrase, and maybe the show made it trendy but he didn't "coin" it in any meaningful sense.
Do you have documented evidence for that? That’s the usual reaction (and mine, too, given my unfamiliarity with GoT), but every discussion around this turns up a few hits from the 1800s, and then basically nothing until GoT came out. Or maybe my info is out of date?
Consider an item that costs $80 to produce that you can sell for $100, netting $20 which is a 20% profit margin.
Say your input costs go up 20%, and due to increased competition in your market segment, you can only raise your sell price by 10%. $80 times 1.2 is $96, and $100 times 1.1 is $110, netting $14 which is a 12.72% profit margin.
The price went up, but the margin went down, so you are incorrect.
I assume we can all do the arithmetic. In the market, stocks will move based on price increases, since cost inputs are assumed to not move, or rarely move - COVID being an exception to the rule.
If I understand your question, you’re asking what the profit margin would be if the cost went up 20% from $80 to $96 while the sell price stays at $100.
The profit margin would be 4%, $100-$96 leaves $4 of profit. 4/100=0.04, multiply that by 100 to get 4%.
To maintain your previous profit margin if the cost to produce goes up by N%, your selling price must also go up by at least N% at the minimum.
If sell price increase % is higher than cost increase %, your margin will expand. If the reverse is true, your margin will contract.
Okta looked very bad during the entire saga where they kept denying they were hacked until the proof was insurmountable. Pretty sure there was a large discussion on HN at the time too.
Agree they have shortcomings too, I guess, what I was trying to say is its best not to put all your eggs in one basket and to spread them across different products/companies.
To toot my own companies horn[0] we designed our authentication protocol OpenPubkey[1] to have two signers on tokens:
1. The IDP signer (like microsoft or google)
2. The Cosigner (like bastionzero.com)
...so that even if microsoft's signing key is stolen, the attacker also needs to compromise the cosigner's signing key as well. It's like multisig for authentication tokens.
I don't know if OpenPubkey would have helped in this particular case as the details are still coming out[2], but I think the future of authentication schemes must require that authentication tokens must be signed by multiple signers at different organizations; Authentication systems with single point of compromise signing keys is too fragile. Or put another way authentication via multiple independent roots of trust is just too powerful of a security tool not to use.
[2]: It appears the key stolen was an MSA key, not an Azure AD signing key. The MSA architecture might not fit into the OpenPubkey model (or it might I don't know enough about MSA signing keys work to say). Had it been an Azure AD signing key then OpenPubkey would mitigate the theft of an Azure AD Signing key. https://www.microsoft.com/en-us/security/blog/2023/07/14/ana...
There should be a Bitcoin Satire Impossibility Law. Posts about Bitcoin that look like satire either a) oh boy are they not satire or b) will soon be interpreted acted on in earnest by Bitcoin zealots anyway.
E.g., Dogecoin.
Rest assured there is a gaggle of Bitcoin zealots hitting up reddit et al to spread the word about how good this discovery is for Bitcoin's bottom line!
I'd make a joke about Kind Midas here, but in light of BSIL I'm afraid someone here would use the premise as an idea for a startup and end up hurting themselves (or others).
What Wells Fargo did was despicable. What Block did, and I should have been a lot more concise, is similar in opening up multiple, and sometimes fake, accounts for show growth measured in number of accounts instead of actual deposits or clients. In that regard there are similarities. Wells Fargo targeted minorities, Block targeted criminals and fraudsters. This of course doesn't mean the people Wells targeted are criminals, as you said they were victims of Wells business practices.
People aren’t keeping their money in Chase accounts for the 0.01% interest, given that the risk-free rate is currently >4.5%. So you may want to rethink that.
On the money. Nuclear is too expensive and fragile, especially in this political environment. Also much more susceptible to sabotage in the event of a war, which is becoming a more relevant reality.
