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InitialsDiceBearhttps://github.com/dicebear/dicebearhttps://creativecommons.org/publicdomain/zero/1.0/„Initials” (https://github.com/dicebear/dicebear) by „DiceBear”, licensed under „CC0 1.0” (https://creativecommons.org/publicdomain/zero/1.0/)TM
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597
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1 yr. ago

  • Y2k was a non event because a lot of time, effort, and money was spent fixing it before the deadline.

    The estimated cost of fixing the bug was between 300-850 billion dollars in 2000 - adjusted for inflation that's about 0.5-1.5 trillion dollars

    The estimated worldwide cost of fixing the Y2K bug, according to analysts: Cap Gemini America Inc. — $858 billion; Gartner Group Inc. — $600 billion; International Data Corp. — $300 billion.

    https://www.computerworld.com/article/1372100/some-key-facts-and-events-in-y2k-history.html

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  • I am.

    I just don't understand how they can work.

    If you don't use them for every transaction how do they stay synchronised with the bank's records of how much you have in your account?

    When the power is out and the bank can't check their computer, what's to stop someone turning up with a bank book that says they have £1 in it and saying that there's more because they transferred it online before the power went out? Or, of course, the book saying they have more than they do because they took some out before power went out?

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  • Presumably even there though they check the details from your book against the computer system, to not only check that the book is accurate and that the branch has enough cash on hand to fulfil your request? The computer system that has had no power for a week.

  • If productivity is going up wages should go up. However what has been happening is that the extra money has been being funneled into the pockets of the rich. I'll bet you the board and senior management ain't giving themselves inflation based pay rises.

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  • In that scenario most of the food has gone bad anyway and is stuck in distribution centres as the shops can't send orders up through the supply chain.

    Also, without power most places couldn't take cash. Tills are computers that do all the maths so the 16 year old serving you doesn't have to they also track inventory going out.

    The cash that there is is stuck in banks because the banks have no way of knowing what money is yours as we haven't had bank books for like 20 years already.