Caution: The DAO Can Turn into a Naturally-Arising Ponzi

Charles Ponzi was a charismatic, well-liked man.

The DAO is under pressure to engage in practices that are (1) ill-informed, (2) incredibly risky, and (3) tantamount to a “naturally-arising Ponzi.”
Case in point is the latest call for The DAO to Perform Arbitrage by Buying Its Own Tokens, and follow on posts that charactize this as a “riskless” investment. This is a uniquely misguided idea, part speculation, part Ponzi, and altogether reckless. Let me describe why.

The DAO Background
If you don’t know how The DAO works: it’s a crowd-funded investment fund.
You buy into The DAO with ether (a cryptocurrency), and get “DAO tokens” in return. DAO tokens are essentially shares in a computer-controlled fund.
The DAO then invests your ether into worthy projects, selected by crowd voting. As these projects
pay off dividends, you are supposed to make money as the crowd picks winners with its infinite wisdom, or lose money if the crowd ended


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Apple Pay JavaScript Framework

Using the Apple Pay JavaScript FrameworkThe ApplePay JS framework provides you with the means to incorporate Apple Pay directly into iOS and OS X Safari based websites. Users authorize payments using their iPhone or Apple Watch. There are three requirements for using Apple Pay on your website:You must have an Apple Developer AccountAny pages that incorporate Apple Pay must be served over HTTPSYour website must comply with the Apple Pay guidelines


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I don’t want to be LinkedIn with Microsoft

I was one of LinkedIn’s first members, joining on June 27, 2003, when it was still in beta. Over the years, it has gotten me a lot of work and helped me write countless stories. But now that Microsoft is buying the company, I’m really wondering whether I should leave.Microsoft is spending $26.2 billion, or about $59 per user, for LinkedIn. Even at that price, I think this is a smart move for Microsoft. LinkedIn, with only 443 million users, is no Facebook, but it’s been growing at about 20% annually for years. It’s also the de facto business social network. When you want to recruit new employees, find new clients or just interact with people about business, it’s the social network of choice. I have never seen a funny cat video on it.To read this article in full or to leave a comment, please click here


Original URL: http://www.computerworld.com/article/3083424/social-media/i-don-t-want-to-be-linkedin-with-microsoft.html#tk.rss_all

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Apple’s Stock iOS Apps Land On App Store, Hints That It Could Allow People To Get Rid Of Them

For years, people have expressed their desire to be able to remove apps such as Mail, Stocks, Compass, Calculator, Watch, and Weather among others that come preinstalled on their iPhone and iPad. Apple is finally making it possible, it appears. TechCrunch reports: Apple quietly published these apps to its iTunes website today (some are live now), but has not yet officially announced the change on stage at WWDC. Product Hunt spotted the Mail app in iTunes thanks to a tweet from Owen Williams, leading to speculation that Apple’s other apps will be made available through the App Store, as well. As it turned out, they were.This was a big issue especially for those users who go for the 16GB variant of the iPhone or iPad, as it has limited storage capacity, and these apps would eat up a significant part of it. The company had previously commented on the issue,


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With iOS 10 and macOS Sierra, Apple drops support for many older Macs, iPhones and iPads

With Apple’s software announcements today, the focus has been on what is new and exciting. But with (just about) any operating system update, there is a darker side: the older devices that slip into oblivion, never to be updated again. It’s no different with iOS 10 and macOS Sierra. On the mobile front, Apple is giving up on the A5 chip, meaning that a number iPhones and iPads are not going to support the latest version of iOS. It’s a similar story for Mac and MacBook owners — older devices simply aren’t going to get the goodies. The official list… [Continue Reading]


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Is it time for me to ditch Calibre?

I have been a long-time fan of the Calibre e-book library software. I use it often to organize and categorize my books. But many of the functions which first drew me to Calibre have become a tad obsolete as the Cloud-based infrastructure has developed. For example, I no longer plug any devices into the computer—I side-load books onto my Kindle-equipped devices via the Cloud. So, do I still need Calibre?
I was thinking about this again as the Beloved has been pondering a new computer purchase. He has been making do on my ancient Macbook since his needs are minimal. but it’s on its last legs. So he’s thinking of taking over the HP laptop I have, which is almost new, but has proved a bit too bulky and cumbersome for me. What he’d like to do is set it up as some sort of family media hub—he can do his


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Apple Announces iOS 10, watchOS 3, and new features for tvOS

Also at its annual developer conference, Apple announced major updates to its other platforms: Apple TV, iPhone and iPad, and Apple Watch. Starting with the Apple TV, the company announced that tvOS is getting a new feature called Live-Tune-In which uses Siri to allow users to simply state aloud what channel they want to watch. The company also announced a feature called Single sign-on, a cable networks feature which will let users sign-in to all their Apple TV accounts more efficiently and easily. There’s a new TV Remote app for iPhone as well. watchOS 3 comes with a range of new capabilities as well. Most importantly, it offers much faster app performance, thanks to something Apple calls Instant Launch. It does the job seven times faster than its counterpart in watchOS 2. The Verge reports about other changes: The updated interface includes Control Center, which is accessed via a swipe


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Apple renames OS X to macOS — upcoming ‘Sierra’ version will get Siri, Apple Pay, and more

If you are wanting a desktop operating system, you largely have two options — Windows or OS X. To a lesser extent, consumers can opt for Linux-based operating systems, such as Chrome OS or Ubuntu, but Apple and Microsoft’s offerings reign supreme. While OS X is arguably more elegant than Windows, it only comes installed on Apple’s expensive hardware. Microsoft’s OS is the best option for those on a budget. One thing that was not not elegant about OS X, however, was the name. It was not in line with the company’s other operating systems — iOS, watchOS, and tvOS.… [Continue Reading]


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Apple rebrands OS X as ‘macOS,’ taps upgrade as ‘Sierra’

Apple today recast OS X as macOS, a name that harked back two decades.”OS X has been with us for over 15 years,” said Craig Federighi, the Apple executive who leads Mac and iOS development, during Monday’s Worldwide Developers Conference (WWDC) keynote. “But we thought there would be a name so much cleaner and so much more elegant.”The rebranding will put the Mac’s operating system more in sync with the nomenclature of Apple’s other OSes, including iOS, tvOS and watchOS.But macOS wasn’t out of the blue: Apple used a variation — Mac OS — between 1995 and 1997, when it licensed third-party OEMs (original equipment manufacturers) to build and sell Mac clones. (Co-founder Steve Jobs ended that strategy shortly after he returned to Apple in 1997.) Apple retained U.S. trademark rights to Mac OS; those rights were last renewed in 2015.To read this article in full or to leave a


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