Cancelled

Dlr is canada and takes 3 days.

And even a +1 day is a long time. And then there’s weekends and holidays. So you could do something on Thursday, Fridays a holiday, so then it’s Monday is the +1 and you are settled and complete on Tuesday morning.

A lot can happen between a Thursday morning trade and Tuesday morning, and a lot can happen in a regular +1 day. The markets don’t really care about non business days and shit happening.

Same day within minutes settlement would be huge.

It would reduce the settlement time from multiple days to likely minutes.

When you trade a stock today, it’s not actually complete for 2 or 3 business days as it has to go through the settlement process. Generally, it doesn’t cause problems for retail traders as exchanges act like its completed, but even for us it can introduce real issues sometimes and delay you from making a trade.

For example, in Canada, the cheapest way we can convert CAD<–>USD is through a process called Norbits Gambit.

You buy DLR.TO (CAD) or DLR.U.TO (USD) and then your have them journal your shares from one to the other for free, or a small fee like $10. You don’t pay an exchange rate fee, however, because the trade hasn’t actually settled when you buy the shares for 3 days, they can’t journal them. So for 3 business days you’re exposed to any fluctuation in the exchange rate. Generally that’s cheaper than what a bank will charge you and it’s the risk you take. It’s also a 1 way risk, I can’t recall if it’s USD -> CAD or CAD -> USD, but one of them is locked in, and the other is exposed. (Edit: It’s DLR.U.TO that exposes you. Holding either is like holding USD, so when you buy DLR.TO you already bought the USD value in CAD)

At WealthSimple, when you sell some shares, you can’t actually transfer the money to your bank account on the same day. The balance isn’t available to transfer.

I’m sure it can cause more problems for professional traders and institutional stuff, and even other ways it impacts us that I don’t know about.

Don’t forget to sell the unicycle when you buy the car.

I think the point is, if you’re not carrying 4 passengers all the time, why the fuck did you buy a car when you could have bought a unicycle instead?

RFK Jr announces that the environmental hazard causing autism is being hit by a neutrino while in the womb!

So, turns out Tesla really is going to try and get the verdict tossed by the judge due to trial and/or jury mistake rather than (or in addition) to an appeal.

https://storage.courtlistener.com/recap/gov.uscourts.flsd.593426/gov.uscourts.flsd.593426.568.0.pdf

Tesla Is Entitled to Judgment as a Matter of Law (or at Least a New Trial) on Liability. For Tesla to be liable in any amount for this tragic accident, Plaintiffs were required to prove both that Tesla’s 2019 Model S was defective in some way and that the defective design or warnings caused McGee to blow through a stop sign and crash his car into an SUV that was parked well off the road when he was pushing the accelerator while fishing around for his phone. Lesnik v. Duval Ford, LLC, 185 So. 3d 577, 581 (Fla. Dist. Ct. App. 2016). Plaintiffs’ liability case hinges on two experts whose testimony did not meet the standards established by Federal Rule of Evidence 702. Especially without their testimony, the record cannot sustain the verdict. But even with their testimony, Plaintiffs failed as a matter of law to establish that the 2019 Model S—which provided a carefully engineered system and offered extensive warnings on its breakthrough Autopilot system—was defective or caused the injuries that Plaintiffs suffered after McGee crashed into Benavides and Angulo. The Court should grant judgment as a matter of law in Tesla’s favor on liability or, at a minimum, a new trial.

Edit: Also I was asking googles AI about differences between the term JMOL and what I saw and posted about earlier JNOV, and they’re apparently the same thing. One used to be for before the verdict, and one after, but now it’s just the same term. They’re basically saying the Jury got it wrong with or without the evidence.

Then they’ll ban you for life like they do other people who violate their rules, and they’re very good at banning people who try to open new accounts and banning people who have any links to you.

When android and ios were taking off, I’d see job requirements saying 8 to 10 years experience in Android development.

It hadn’t been out 8 to 10 years.

There were people estimating 40w in earlier threads on lemmy which was ridiculous.

This seems more realistic.

Sub penny on L2 and a couple / a few cents on mainnet unless a big event is happening on main.

That’s actually a pretty realistic option given the 2 hour refund window.

Maybe allow it only after 1 successful deposit, and revoke it after 1 failure for a long period and X successful payments.

Also maybe only 1 game is playable if you happen to buy more than 1 in that time

The digital shit is so complicated it takes a huge amount of employees. Integrations with hardware (payment terminals), banks, setting up infrastructure so others can accept your payments, automated fraud detection, digital compliance in every country they want to target, it’s huuuuuuge. Thousands of employees.

It used to be do a carbon copy of the card and send us the receipt.

Valves internal structure wouldn’t scale to that size either, and they have no experience running a company of the size that would be required in a different structure.

And that’s back to my point of people not wanting to leave money places in case they want to buy a game in the future.

That is such a monumental task and valve only has between 350-400 employees.

Stripe has around 8500 employees, and they only integrate with credit card banks who integrate to the credit card companies. But they finally got a license to directly integrate so we might finally see that in the near future.

When sears made the discover card, they had hundreds of thousands of employees, and they didn’t need to deal with all the digital shit we gotta deal with now.

Even having to wait an hour is a fantastic way to lose a sale.

That takes time (days) that people don’t want to wait to make a purchase, nor do people want to leave a balance with companies or have to worry about topping it up so they have enough to buy the next game they happen to want without waiting.

Edit: Not to mention the risk of sharing bank account information.

The problem was the artificially congested network causing unreliable transactions that would take too long which would make the price too volatile. Additionally fees were getting ridiculous when they stopped accepting them due to this congestion

That led to too many refunds or failed payments or payments that were no longer sufficient.

That resulted In a customer service nightmare.

All of those problems can be avoided today using a stable coin not on the bitcoin network.

They could even issue their own stable coin if they were weary of being reliant on another. I think valve would be viewed as trustworthy in keeping the 1:1 backing in a bank account. They could partner with someone else to issue it, like coinbase and Gemini do USDC.

USDV

They know exactly how to do it as they did it before but had to stop because the bitcoin network was artificially congested with insane fees and it caused failed transactions or multi hour long transactions where the price dramatically changed. This resulted in complicated refunds or delays which resulted in unhappy customers.

They can avoid that all now by simply accepting stable coins like USDC. For every issued usdc there is 1 usd in a bank account somewhere. The value barely fluctuates. There are networks that can handle the volume this would create without getting congested nowadays as well.

Given the mess that happened last time though I imagine they are highly reluctant, although this could be enough motivation.