It's an experimental device and by buying it you invest into r&d. It's not meant to replace a smartphone as of now, but similar ones eventually will.
My point stands, because they are offering a completely new (but obv lacking) experience with novel design solutions. What they made is a toy, which is not really unusual for teenage engineering. But if they do as they did with other devices in the past this thing might actually rock in the future. They are not inexperienced and usually over super long support for their devices.
Because, you know, technological development? Someone has to fund R&D, because it's not cheap. And in 10 years everyone will have similar ai-enhanced devices. No one thought smartphones will make it back in the days as well. And I'm already looking forward to the time when I don't have to look down anymore to get information
They have thought of a specific design for the device using its own interaction modality and created a product that is more than just software.
Therefore don't get why people refer to it being just an app? Does it make it worth less, because it runs on Android? Many devices, e.g. e-readers are just Android Apps as well. If it works it works.
In this case it doesn't, so why not focus on that?
Adjustment Mechanism: Inflation allows for flexible adjustment of nominal wages and prices, promoting market efficiency.
Monetary Policy Tool: Central banks use inflation targeting as a tool to manage economic conditions and achieve policy objectives.
Cons of Inflation:
Purchasing Power Erosion: Inflation erodes the purchasing power of money, reducing the standard of living for fixed-income individuals.
Uncertainty: High or unpredictable inflation can create uncertainty, making long-term planning difficult for businesses and individuals.
Distorted Investment: Inflation can lead to misallocation of resources and distorted investment decisions as investors chase higher returns to offset inflation.
Income Inequality: Inflation can exacerbate income inequality if certain groups are not able to keep pace with rising prices.
Potential Solutions:
Inflation Targeting: Central banks can continue to use inflation targeting as a tool but aim for moderate and stable inflation rates to avoid the negative impacts of high or unpredictable inflation.
Economic Education: Educating the public about inflation, its causes, effects, and management can help individuals and businesses make informed financial decisions.
Income Support: Implementing policies such as targeted income support or indexed benefits can help mitigate the impact of inflation on vulnerable groups.
Price Stability Measures: Governments can implement measures to promote price stability in essential goods and services, reducing the impact of inflation on basic necessities.
There is no standardized unit of account which is not loosing or gaining value over time. However there are/were systems with more stable inflation rates than ours, like the gold standard in the US.
But the gold standard encourages hoarding money, rather than spending it, which could create even bigger wealth divides and less motivation to invest in new technologies.
Anamana @ Anamana @feddit.de Posts 2Comments 520Joined 2 yr. ago
No one here did it because of Top Gun lol.. I think it just came hand in hand with the mullet being back in fashion