I’m very bearish on Accenture for the following reason: the business model is a levered flywheel (high-paid salespeople and aggressive M&A buyouts powered by share price appreciation and low wage outsourcing). This is kicking into reverse due to revenue growth deceleration
Unlike a partnerships model, Accenture taps the public markets for financing to do M&A and pays its star salespeople with stock. Declining revenue growth rerates the stock price lower, which then makes the market more competitive (can’t buyout others) and acts as a disincentive to the salespeople, which then lowers the stock price further. This alone may be survivable, but at the same time, the company has more than half a million staff (!) employed in India/Philippines/etc at exactly the time when the market wants SOTA-level AI work instead of legacy ‘managed services’, and the federal government is cutting many $B of ACN contracts
Tl;dr: these guys aren’t getting IBM’d, they’re getting Xerox’d
Here is my attempt: blockchain is a 'good enough' way to bootload a platform for making permissionless dollar-denominated payments. You could technically achieve the same functionality, with better performance, off an interoperable open standards database and communication protocol. But everyone from global south governments, to the CFTC/SEC, to Mastercard would be after you before liability could be effectively distributed. With the design they're going for, you can vaguely gesture to the stablecoin issuers, node operators and on/off ramp operators that will be there on day 1 as legally separate parties each carrying part of the liability.
I will end with this thought: If we can get to a new local equilibrium where global transaction costs are 10x lower and >30% of global GDP can get paid faster / with better price signals / etc., shouldn't we try even if the tech is non-optimal?
At the end of the day, you are supplanting a monopoly with another and distracting from the main purpose of cryptocurrency which is to eliminate the monopoly role altogether.
Wow—this being an AI generated comment is certainly a possibility. The proliferation of LLMs in online discussion spaces is accelerating and radically reshaping the modern web.
Identifying AI-generated comments often involves spotting patterns in tone, structure, and content. Here are the most common indicators: [1] Overly polished or formulaic structure, [2] Repetition or redundancy, [3] Unnatural verbosity or vagueness, [4] Subtle logical gaps (e.g., "LLMs are radically reshaping the modern web")
I'm experiencing the same issue which is definitely exacerbated by straying from a 'default' configuration e.g. using a custom browser screen reader, browsing from Brazil, using a VPN, using Firefox. I think eventually I'll be completely locked out of the 'mainstream' web
I was completely shocked to find out how many people use search in those apps to query open questions rather than 'search the web' via something like Google
Wow, they did a licensing deal with a legitimate manufacturer in Taiwan to get the battery listed on official websites? This runs so much deeper than I expected.
Supply chains are one heck of an attack surface...
The battery wasn't actually for sale; they just created fake product pages for it so that if anyone looked up the part number, it wouldn't be immediately obvious that it was fake.
> Quantum computing is poised to be the next major innovation, but five of the top ten tech companies globally in terms of quantum investment are based in the US and four in China. None are based in the EU.
2%+8c alone seems unheard of and the idea of normal people using USDC is laughable. Have you interacted with the general public? Heck, even if it was as easy as Apple Pay or NFC tap with a card most people still wouldn’t do it, look at financial literacy in this country.
Amazon 1st party is and continues to be a loss leader. If they got rid of their 3rd party sellers tomorrow, the company would go bankrupt from the loss of B2B commission, fulfilment and ads revenue
Unlike a partnerships model, Accenture taps the public markets for financing to do M&A and pays its star salespeople with stock. Declining revenue growth rerates the stock price lower, which then makes the market more competitive (can’t buyout others) and acts as a disincentive to the salespeople, which then lowers the stock price further. This alone may be survivable, but at the same time, the company has more than half a million staff (!) employed in India/Philippines/etc at exactly the time when the market wants SOTA-level AI work instead of legacy ‘managed services’, and the federal government is cutting many $B of ACN contracts
Tl;dr: these guys aren’t getting IBM’d, they’re getting Xerox’d