Find useful information on internet today is as hard as try to find a piece of meat…

March 7th, 2014 by Terrence Miao No comments »

Find useful information on internet today is as hard as try to find a piece of meat in an enormous pile of dog turd.

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Messaging is a threat to Google and Facebook

March 2nd, 2014 by Terrence Miao 4 comments »

The desktop is dead. The web is dying. Messaging + mobile is an entire ecosystem that sidesteps their channel

• 450 million active users, and reached that number faster than any other company in history.
• 32 developers; one developer supports 14 million active users
• 50 billion messages every day across seven platforms (inbound + outbound)
• 1+ million people sign up every day
• > 8000 cores
• Hundreds of terabytes of RAM
• > 70M Erlang messages per second
• In 2011 WhatsApp achieved 1 million established tcp sessions on a single machine with memory and cpu to spare. In 2012 that was pushed to over 2 million tcp connections. In 2013 WhatsApp tweeted out: On Dec 31st we had a new record day: 7B msgs inbound, 11B msgs outbound = 18 billion total messages processed in one day!

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High Scalability – High Scalability – The WhatsApp Architecture Facebook Bought For $19 Billion

Rick Reed in an upcoming talk in March titled That’s ‘Billion’ with a ‘B’: Scaling to the next …
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Even international drug traffickers need investment advisers

March 2nd, 2014 by Terrence Miao No comments »

That was Robert Mazur's job when he went undercover for the US government in the 1980s and '90s. Posing as a Mob-connected businessman, he helped the Medellin drug cartel launder and invest its suitcases full of cash.

Investors live on hope and it's the criminal's job to take advantage of that hope. 

His clients were "the biggest crooks in the world," says Mazur, author of The Infiltrator: My Secret Life Inside the Dirty Banks Behind Pablo Escobar's Medellin Cartel.

Yet they "always told me that they don't gamble," Mazur says. "They don't take risk, which is why the stock market was of absolutely no interest to them."
  
Wait, criminals don't like risk? Murder, drug trafficking, fraud and bribery – all okay. But propose buying them shares of Twitter or Tesla, and they freak?

Investing, by definition, means trusting others. You must believe chief financial officers aren't cooking the books and rely on people like Mark Zuckerberg to make smart use of the billions at their disposal. For criminals who thrive on taking advantage of trust that's not an easy sell.

Convicted felon Sam E. Antar says stock-picking – trusting in people and numbers you can't directly verify – sets you up as a mark for the unscrupulous.

Antar was the chief financial officer of Crazy Eddie, Inc., an electronics chain led by Sam's cousin, Eddie Antar. The chain collapsed under the weight of its fraud in 1989. "Investors live on hope and it's the criminal's job to take advantage of that hope," Antar says.

The fact that he got caught is no consolation, Antar says. Regulators and investigative reporters have been losing the resources to uncover fraud. He points out, correctly, that the number of FBI white-collar crime prosecutions has fallen by half since the 1990s.

» Read more: Even international drug traffickers need investment advisers

A Beautifully Imperfect Relationship

February 27th, 2014 by Terrence Miao No comments »

A Beautifully Imperfect Relationship

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A shepherd was herding his flock in a remote pasture when suddenly a brand-new BMW…

February 26th, 2014 by Terrence Miao 3 comments »

A shepherd was herding his flock in a remote pasture when suddenly a brand-new BMW advanced out of the dust cloud towards him. The driver, a young man in a Broni suit, Gucci shoes, Ray Ban sunglasses and YSL tie, leaned out the window and asked the shepherd… "If I tell you exactly how many sheep you have in your flock, will you give me one?" The shepherd looked at the man, obviously a yuppie, then looked at his peacefully grazing flock and calmly answered "sure".

The yuppie parked his car, whipped out his IBM ThinkPad and connected it to a cell phone, then he surfed to a NASA page on the internet where he called up a GPS satellite navigation system, scanned the area, and then opened up a database and an Excel spreadsheet with complex formulas. He sent an email on his Blackberry and, after a few minutes, received a response. Finally, he prints out a 130-page report on his miniaturized printer then turns to the shepherd and says, "You have exactly 1586 sheep. "That is correct; take one of the sheep." said the shepherd. He watches the young man select one of the animals and bundle it into his car.

Then the shepherd says: "If I can tell you exactly what your business is, will you give me back my animal?", "OK, why not." answered the young man. "Clearly, you are a consultant." said the shepherd. "That's correct." says the yuppie, "but how did you guess that?" "No guessing required." answers the shepherd. "You turned up here although nobody called you. You want to get paid for an answer I already knew, to a question I never asked, and you don't know crap about my business…… Now give me back my dog."

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Can't get reimbursed, can't claim capital gain loss, can't sue the company…

February 25th, 2014 by Terrence Miao 4 comments »

Can't get reimbursed, can't claim capital gain loss, can't sue the company …

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Bitcoin’s Mt. Gox Shuts Down, Loses $409,200,000 Dollars — Recovery Steps and Taking Your Tax Losses
Mt. Gox’s shutdown is circulating like wildfire.  Its repercussions are being felt throughout the world.  Mt. Gox was the most public and well-known brand that represented Bitcoin’s exchange market.  The company’s shutdown is rumored to be caused by a “hack” or “security breach” that resulted in a loss up to [...]

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Chaz Rorick – The man of many presidents

February 23rd, 2014 by Terrence Miao No comments »

Read more: http://instagram.com/ohheyitschaz

Chaz Rorick – The man of many presidents

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Man vs. Robot duel

February 23rd, 2014 by Terrence Miao 3 comments »

Table Tennis Champion 32-year-old Timo Boll from German will face off against a ping pong  playing robot on March 11, 2014.

Read more - http://www.kuka-timoboll.com/en/home/

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