Sunday, March 01, 2020

Rust: Libra crypto-currency

Libra logo.svgLibra (digital currency) - Wikipedia

libra/libra: Libra’s mission is to enable a simple global currency and financial infrastructure that empowers billions of people. @GitHub

The Great Lightbulb Conspiracy

The Great Lightbulb Conspiracy - IEEE Spectrum

"The Phoebus cartel existed to control the manufacture and sale of incandescent light bulbs. They appropriated market territories and fixed the useful life of such bulbs.

The Phoebus cartel created a notable landmark in the history of the global economy because it engaged in large-scale planned obsolescence to generate repeated sales and maximize profit. It also reduced competition in the light bulb industry for almost fifteen years.

The cartel conveniently lowered operational costs and worked to standardize the life expectancy of light bulbs at 1,000 hours[6] (down from 2,500 hours),[6] and raised prices without fear of competition. The cartel tested their bulbs and fined manufacturers for bulbs that lasted more than 1,000 hours."