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* Posts by jonathanb

1900 posts • joined 14 Aug 2009

Today's get-rich-quick scheme: Build your own bank

jonathanb
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Re: fractional reserve banking

Fractional reserve banking works because I only actually withdraw about 5% of the money I receive. The rest is paid to people in the form of bank transfers or card payments (another form of bank transfer), so while it may move from one bank to another, it never actually leaves the system, and for an individual bank, my transfers out will be matched by customers of other banks transferring money in.

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jonathanb
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Re: @Chris Miller

No, fractional reserve means that your reserves are a fraction of your deposits. So for example if the fractional reserve percentage is a typical 6%, you could lend out about 94% of your deposits. The exact reserve percentage depends on the type of deposits you receive and the type of loans you make. The credit multiplier effect comes from people depositing borrowed money back into the banking system, possibly in the same bank.

What this article describes is essentially what Paypal does already. Paypal doesn't lend out money, all of their customer funds are deposited in a bank account, though it isn't necessarily at the Luxembourg Central Bank. They have some advantages for transactions involving small amounts of money, but nobody deposits their entire salary in there, and businesses that receive all their money from customers via Paypal tend to transfer the bulk of it out to a bank account elsewhere.

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Tor is '90 per cent of the net' claims City of London Police Commish – and he's dead wrong

jonathanb
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Re: More likely - 90% of TOR traffic is P2P

No, Bittorrent for example is way bigger than TOR. You might for example use TOR to find where a bittorrent tracker is located, but that is very little data compared to the traffic you generate once you find it.

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jonathanb
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That is not going to happen. There are only three clauses of Magna Carta that haven't been repealed. The one that guarantees independence to the City of London, the one that guarantees trial by jury and the one that guarantees the freedom of the Church of England.

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jonathanb
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Re: Maybe...

Most of the financial sector these days is Canary Wharf (Tower Hamlets), and Mayfair (Westminster). Both are within the Met's patch rather than the City of London Police area.

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Assange™ makes fresh bid for FREEDOM from Scotland Yard's 'physical encirclement'

jonathanb
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Re: Maybe he could get out by

The Equadorian Embassy is within an apartment building. They don't actually own the land, just the internal non-structural walls and the area inside them.

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Internet of Things fridges? Pfft. So how does my milk carton know when it's empty?

jonathanb
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Re: Well... let's see...

There is also the fact that if I'm going on holiday, I run down my stocks of perishable stuff before I go, and leave the fridge mostly empty, so I don't return to a fridge full of rotting food.

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Apple: REIGN OF FIRE coming to Europe courtesy of old iPhone chargers

jonathanb
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Re: Hurrah, the UK is safe...

I have one of the aforementioned 2 pin Europlug chargers. I bought it in France and take it on my travels abroad as it takes up a lot less room than a 3 pin british model + travel adapter.

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'Hashtag' added to the OED – but # isn't a hash, pound, nor number sign

jonathanb
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Re: Pound sign

It is called Sterling because it was originally one tower pound (approx 350g) of Sterling Silver pennies. Sterling Silver is an alloy of 92.5% silver and 7.5% copper. 240 silver pennies made of that alloy weighed one tower pound. most of the other currencies , eg Dollar/Peso, Rupee, Shekel were also originally weights of silver.

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London commuter hell will soon include 'one card to rule them all'

jonathanb
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Re: Is this a belated April 1st item?

There are pre-paid credit cards around. I don't know if any of them are NFC enabled, but there is nothing to stop TFL issuing a pre-paid Visa or Mastercard with pay-by-bonk facilities.

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jonathanb
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There is a Bramble Card for the Glasgow Subway, but that is only one circle line with 15 stations.

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Apple is KILLING OFF BONKING, cries mobe research dude

jonathanb
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Re: Beware of Card-Clash

They are currently testing a new system that will allow you to pay for your tube journey by Visa in the same way that you pay by Oyster at present. It is already live on the buses. If the barrier sees two valid cards, it doesn't know which one to take the money from.

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jonathanb
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Re: @Bill B

The problem isn't the extra 0.8 seconds it takes to process my transaction, it is 0.8 seconds multiplied by all the people in the queue in front of me.

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EU probe into Apple's taxes: It's NOT to do with double-Dutch-Irish anything sandwiches

jonathanb
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Re: " ... the Double Dutch and so on is available to all"

If you are doing the actual work in the UK, the Lux company will need to subcontract the work to a UK based service company, otherwise the Lux company will be trading in the UK and have to pay UK tax.

You then need to justify the price that the UK service company charges the Lux company.

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jonathanb
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Re: There'll never be a good solution for tax shenanigans.

I am an auditor. You are not allowed to charge predicted future expenditure to provisions in the current year, but that doesn't stop you having a dividend policy that takes these things into account. You do have to pay the tax though.

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jonathanb
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Re: So is this similar to what Starbucks do?

Apple Ireland sells iDevices to Apple Retail UK, as well as to the likes of Dixons, Carphone Warehouse and the mobile networks. The wholesale price that it sells stuff to Dixons et al is the market price, and that is the price it should charge Apple Retail.

Starbucks doesn't sell its coffee beans to anyone other than its own retail stores, so it is more difficult to establish a market price.

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Everyone can and should learn to code? RUBBISH, says Torvalds

jonathanb
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Re: Depends what you mean by 'code'

A piano score usually has two sets of 5 lines. With the spaces in between the lines and above/below, that allows for 22 of the keys, all of them "white" keys. Keys are in the ratio 5/12 black, 7/12 white. There are modifier symbols for using the "black" keys in between the white ones - ♯ for the black key to the right of a white key, ♭ for the black key to the left of a white key. You can also add extra lines above and below the 5 main lines for the keys outside that range.

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NeoPost: This is how you DON'T do PIN security

jonathanb
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We do practically everything by email now. I've only sent one dead-tree letter in the last three months, and sticking a stamp on it was probably easier than remembering how to use a franking machine that has been sitting idle for ages.

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jonathanb
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Re: Why?

Yes, it is called "SmartStamp", however they are not currently accepting new customers.

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Women found just TWO out of every HUNDRED US tech startups

jonathanb
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How many women vs men start up in other business fields, such as fashion designing? That gives you an idea about whether or not the problem is with access to finance, or whether there is just a lack of suitably qualified women.

I've only ever seen one pair of women try to set up a technology business. They thought that a 10 week course in Frontpage Express at their local community college would equip them with the skills required to set up an internet business (back in 2000 when everyone was trying to get in on the dot.com boom). They weren't successful.

Having said that, around the same time, jellyworks.com plc (run by a couple of men) raised a huge amount of money on the stock market when they didn't even have a website and nothing more than some back-of-an-envelope plans to create one that didn't come to anything.

[There is a website at that domain today, but the domain is now in new ownership, and has nothing at all to do with Ed Gunian or Jonathan Rowland who floated the original jellyworks.com company.]

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Plugging the gaps in today's Macs: Elgato Thunderbolt Dock

jonathanb
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Re: Hmm

If dual monitor support is the only thing you want, a €15 adapter will do the job.

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Google to plonk tentacles on 'unwired' world with $1bn launch of 180-satellite fleet

jonathanb
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Re: The poor is where the money is

And will they have any electricity to power the devices required to connect to?

The poorest country in the world is The Democratic Republic of the Congo. In 2012, there were 19.5m mobile phones for a population of 77.4m, which means that about 25% of the population has a mobile phone. Probably several members of the same family share a mobile phone, so the percentage of the population that has access to a phone will be higher than that, and the percentage of the population that has access to a phone signal will be higher still.

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London officials declare cabbie-bothering Uber is legal – for now

jonathanb
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This has been answered below, probably after you posted this. The rules on private hire cars not being allowed meters apply only to London.

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A budget phablet, what a curious thing: Reg puts claws to the Lumia 1320

jonathanb
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London a phablet city?

If you think London is a phablet city, then clearly you haven't visited Hong Kong recently, where the Galaxy Note is about the smallest phone you are likely to see in the wild in significant numbers.

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iDevice ransomware stalks OZ, demands payoff

jonathanb
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I guess you should be looking for a website that is popular only in Australia and New Zealand rather than eBay.

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eBay slammed for daft post-hack password swap advice

jonathanb
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Re: ebay's password policy ...

Mine is ●●●●●●●●●●●●●●●.

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Don't snap SELFIES at the polls – it may screw up voting, says official

jonathanb
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Re: Doesn't matter anyway...

It is illegal for you to take a photo of your own completed ballot paper because someone could have bribed/threatened you to vote in a particular way.

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Microsoft walks into a bar. China screams: 'Eww is that Windows 8? GET OUT OF HERE'

jonathanb
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Re: Until they realised that it's much harder to pirate Windows 8....

If it is the only version you can buy, people will pirate an earlier version.

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iPhone-stroker-turned-fandroid sues Apple over iMessage text-slurpery

jonathanb
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iMessage isn't always best anyway.

On O2 for example, everyone has unlimited SMS from UK-UK, but most people have limited data. Therefore if you are sending a message, it is better to use SMS unless you are sending it to a foreign resident or if you are roaming at the time you send the message. Even if you are roaming, when you do find Wifi, it is probably better to use the TuGo app to send the SMS over Wifi so the recipient gets it for free.

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Kaspersky warns of IMPOSTER mobile security apps

jonathanb
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Trademarks are not the same thing as copyrights or patents. I have absolutely no problem with trademarks.

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Net neutrality foes outspent backers by over three to one – and that's just so far

jonathanb
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Re: Monopoly & regulatory capture vs. Competition

Over here, people can and will go elsewhere if Netflix and YouTube don't work well on BT.

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So you reckon Nokia-wielding Microsoft can't beat off Apple?

jonathanb
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I disagree in part

The two major players in the mobile market are Apple and Google, not Apple and Samsung. Samsung is very strong in the Google part of the market, just like Dell is/was in the Microsoft part of the PC market.

Secondly, while things have changed in the past in the mobile market, it is different this time. Previously, phones were appliances and you could switch from Nokia to Ericsson or whatever without any issues. Now they are portable computers, and if you switch between Google and Apple, you lose all the money you have invested in apps and so on, whereas if you get another phone in the same camp, you just need to supply your app store account details, and all the stuff you bought is available for you to re-download.

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Builder could lose golden ticket to Google's King Cross chocolate factory

jonathanb
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Re: Taxes

The building will be owned by an offshore company. That in itself doesn't save that much money, it pays 20% income tax rather than 21% corporation tax on the rental income, though corporation tax used to be a lot higher. The real saving comes from having another offshore company lend the money to the property-owning company to buy the building. Loan interest is an allowable expense against rental income, and for the finance company, a company outside the UK receiving interest from another company outside the UK is of no concern to George Osbourne. The rent that the operating company pays to the property company is of course an allowable expense against its corporation tax bill, so there is a saving there as well.

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jonathanb
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Re: Taxes

Non domestic rates go to central government. The council just collects the money.

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Video review: Our sysadmins drink in the latest SIP phones

jonathanb
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Re: Android has built-in SIP now

I have CSIPSimple on my Android. Last time I tried the built in one, the voice quality was useless. I've had an update since then, maybe it is better now, but I haven't tried it.

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Feature-phones aren't dead, Moto – oldsters still need them

jonathanb
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Re: Buttons

I can answer calls on my Galaxy Note by pressing the home key. I think it might have been an optional setting that isn't enabled by default, but it is worth looking at.

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Patch Tuesday: Adobe outdoes Microsoft, swats 18 bugs in latest update

jonathanb
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Re: WTF?

There's 1GB of patches on Windows Update this month for Windows 7, and 975MB for Windows 2008 R2.

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Russia to suspend US GPS stations in tit-for-tat spat

jonathanb
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Re: Message to millennials...

No, it's OK. Most phones support GPS and GLONASS at the same time. If it can only access one of the networks, it will be a little less accurate. Individually, both GLONASS and GPS will give you around 10m accuracy. Using both together will give you about 5m accuracy. You will just find yourself back to the level of accuracy you had in a phone from about 3 years ago.

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Amazon granted patent for taking photos against a white background – seriously

jonathanb
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Re: Prior art??

How about the UK passport agency's rules on taking photos, which require you to take it against a white background, or the photome photo booths which allow you to take selfies against a white background for that very purpose?

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UK's pirate-nagging VCAP scheme WON'T have penalties – report

jonathanb
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Re: "and create the best possible customer experience online.”

The music industry has got it. You can buy mp3 files which can be copied and used anywhere. The video sellers haven't got it yet.

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$3.2bn Apple deal would make hip-hop mogul Dr Dre a BEEELLLIONAIRE

jonathanb
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Re: Isn't Beats Audio just a funky way of saying...

An iSCSI thingy is needed so you can store your massive collection of 192KHz 24 FLAC files on a network attached storage device and access them on your computer.

I have a Proliant Microserver running FreeNAS with 10TB of addressable space (5 x 3TB drives). On Windows, the transfer speed is about double if I use iSCSI to access it rather than Samba. On my MacBook, the only options are Samba and Netatalk and performance is around the same as using Samba on Windows.

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London cabbies to offer EVEN WORSE service in protest against Uber

jonathanb
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Re: you're having a tin mate...

Taxis and registered private hire vehicles are both exempt from congestion charge.

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jonathanb
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Re: AC Cancer. Cancer everyhwere!

As long as he can type "Paddington Station" into his satnav and follow the instructions on the screen, I'm happy, because even if he takes a sub-optimal route, it will still be a lot cheaper.

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RBS Group hopes £750m IT shakeup splurge will prevent next bank mainframe meltdown

jonathanb
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Re: @ No single point of failure...

That deals with hardware failure, power cuts, fires, floods and so on. It doesn't deal with an incompetent Indian (or person of any other nationality) messing up the software.

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HALF of London has outdated Wi-Fi security, says roving World of War, er, BIKER

jonathanb
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The website owner decides what CA to use. You could manually check every certificate you receive for an https site to see if you think it is valid, but you probably won't do a better job than your browser already has.

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Please work for nothing, Mr Dabbs. What can you lose?

jonathanb
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Re: Returning a favour would be nice

Barter transactions are OK. You assign a monetary value to the jar of marmalade and the computer repair, and the marmalade maker shows that amount as the sale of marmalade and cost of fixing computer (if the computer is used in the marmalade making business), and the computer repairer shows that amount as sales of computer repairing services, and purchase of marmalade (if the marmalade is used in the computer repairing business). If either of the expenses are not business expenses, then they are shown as drawings just like if you had received the cash and used it for personal living expenses.

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Stephen Hawking: The creation of true AI could be the 'greatest event in human history'

jonathanb
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In terms of AI, we are no further forward now than we were in the 1980s, or even the 1970s. The only thing stopping you doing the things you can do now on a computer in the 1980s is that they were so slow that by the time they had completed the task, it wouldn't be the 1980s any more.

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Super-heavy element 117 DOES exist – albeit briefly. Got any berkelium handy?

jonathanb
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Re: Start of the new chemistry?

Noble gases are chemically unreactive, but it says nothing about their nuclear properties.

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Early! Do! Not! Track! Adopter! Yahoo! Says! It's! Rubbish, Bins! It!

jonathanb
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Re: Don't look at me. I'm shy!

This EU law is about tracking in general, not specifically about cookies. It says that should should not track people unless they specifically opt-in.

Having a do-not-track option that is enabled be default, and requiring people to specifically disable it is exactly what EU law requires, so if the website visitor has not disabled it, then you must not track. EU law already covers this.

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jonathanb
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Re: Hmm...

Alternatively, having bought the laptop RAM, you might want to buy a laptop to put it in. At least that's how Amazon seem to work with printer cartridges.

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