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DrMacintosh

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  1. Like
    DrMacintosh reacted to CUDAcores89 for a status update, Just as a word of warning...   NEVER keep ANY money in your balance of what are calle   
    Just as a word of warning...
     
    NEVER keep ANY money in your balance of what are called "money transmitter" services like Paypal, Venmo, square cash or many of these "digital payment" apps. 
     
    The reasons are two-fold:
     
    1. You will not earn Interest on your money.
     
    This one is not that big of a deal since interest rates are very low right now, like 2% at best, but 2% is better than zero.
     
    2. They are not subject to the same fraud protections that banks are:
     
    Under US federal law there are certain protections all US citizens have as bank account holders, where if money is fraudulently withdrawn from your bank you have a specific number of days to report it AND your liability is capped at a maximum dollar amount. Meaning if someone withdrawals say $1000 from your bank to some place in Turkey and you see it the next day, the bank has to (legally speaking) refund you. 
     
    Paypal, Vanmo and Square cash are not subject to these regulations. This means if say someone get's ahold if your paypal account and transfers out your balance into some foreign bank somewhere, you are at the mercy of the company to get your money back. This could also mean that if money randomly dissipeared form your account (like what happened to some venmo users in 2016) you are again at the mercy of the company to get it back. And if the amount is big, i'm sure they will just take the hit, write you off as a customer and forget about it rather than solving the problem.
     
    Don't believe me? This has happened before:
    http://internet.gawker.com/what-happens-when-someone-hacks-your-venmo-and-steals-a-1688519665 
     
    2. Paypal, Venmo and Square are all not FDIC insured. 
     
    What is FDIC insurance? FDIC insurance is something that nearly all financial institutions in the United States have. This insurance guarantees that is said financial institution goes under, the depositors (you) will be guaranteed to lose ZERO money. So if your bank declares bankruptcy and you have $1000 there, you will still have a way to get all your money back.
     
    Paypal, Venmo and Square do not have this. If paypal goes under, the creditors (lenders to paypal) are allowed to seize the depositors (your) money to pay them off. Meaning if you had $1000 in paypal and suddenly they go out of business, they have the right to:
     
    Lock your account so you cannot withdrawal your money Use said money to pay off their creditors in the event of bankruptcy.   
    And do you really think paypal is going to give back the money out of the kindness of their hearts and NOT pay off their creditors? Of course not! If paypal was ever in a situation where they declared bankruptcy, you can bet your ass that they're gonna use your money to do it so the executives can get off Scott free because at the end of the day, they don't need to care about their customers at that point.
     
    What can you do about this:
     
    1. Connect your bank to these payment apps and only use them for bank-to-bank transfers.
     
    Yes this is slower, but if you are sending a large amount of money and venmo goes under, there is no money for creditors to seize since it has moved between two banks. The sending and receiving banks are also required to provide consumer protections if your account is ever overdrawn, saving you in case your payment account is hacked.
     
    Even better, connect your debit card to these accounts and send/receive money through a debit card instead. This way you will also be protected by visa/MasterCard.
     
    2. If you receive money from someone, move it as fast as you can into your bank.
     
    This way there will be no money in your account to begin with.
     
    Me personally I am an ebay seller and have a paypal business account. Thus I have a feature called "auto sweep" where paypal automatically transfers the money in my account into my bank every day from my ebay sales. This can only be done on business accounts, which you can only get by pushing at least $5000 in sales through paypal so this won't apply to everyone.
     
    The Sole exception to everything I just said is google pay. What makes google pay different is their funds are FDIC insured, thus they have all the protections as a bank. So feel free to keep a balance there.
     
    This post was prompted by a relative who just had $300 stolen from their paypal balance. She got her money back, but it was a whole day of calling paypal (which isn't known for good customer service). Not she will just use her debit card everywhere.
  2. Like
    DrMacintosh got a reaction from ARikozuM for a status update, I live for deals like this   
    I live for deals like this

  3. Agree
    DrMacintosh got a reaction from 8uhbbhu8 for a status update, Trump siding with Russia over election interference? Could you imagine if a democrat   
    Trump siding with Russia over election interference? Could you imagine if a democrat did that?

  4. Agree
    DrMacintosh got a reaction from 8uhbbhu8 for a status update, Trump siding with Russia over election interference? Could you imagine if a democrat   
    Trump siding with Russia over election interference? Could you imagine if a democrat did that?

  5. Agree
    DrMacintosh got a reaction from 8uhbbhu8 for a status update, Trump siding with Russia over election interference? Could you imagine if a democrat   
    Trump siding with Russia over election interference? Could you imagine if a democrat did that?

  6. Like
    DrMacintosh reacted to FloRolf for a status update, Yay, it's my birthday today GF got me this pretty boi plus some coupons to watch some   
    Yay, it's my birthday today
    GF got me this pretty boi plus some coupons to watch some movies with her that she doesn't want to watch, such as LotR
     

  7. Like
    DrMacintosh reacted to ARikozuM for a status update, My dog just put himself between my phone and my hand... The other hand is free to pet   
    My dog just put himself between my phone and my hand... The other hand is free to pet him, but NOOOO, it has to be the hand with the phone. 
  8. Like
    DrMacintosh got a reaction from pinksnowbirdie for a status update, Whoah, the Radeon Pro 560X gets about 12 more FPS than the Radeon Pro 560 in the 2017   
    Whoah, the Radeon Pro 560X gets about 12 more FPS than the Radeon Pro 560 in the 2017 MBP
     

  9. Like
    DrMacintosh got a reaction from 8uhbbhu8 for a status update, Just help my friend build a Xeon X3440 based gaming system. LOL   Certainly not the b   
    Just help my friend build a Xeon X3440 based gaming system. LOL
     
    Certainly not the best IPC, but for $15 and 4 cores/8 threads, who can beat that? Coupled with a mITX mobo for compatibility with the case I'm giving him, that is a great deal. 
     
    The GPU is a Sapphire R9 380 4GB that I found. System will have 8GB of RAM. Sadly the system is running a 7200rpm HDD. But it is for gaming, so its not a big deal.
     
    Total, $298.64. Bought all on eBay, free shipping too. 
     
    I really wanted to get a better CPU but this Xeon was just too good to get something like a 3rd gen i5 for $105 more when the performance was only like 29% better. 
  10. Agree
    DrMacintosh got a reaction from ARikozuM for a status update, Nice video that YouTube put in my suggestions     
    Nice video that YouTube put in my suggestions
     
  11. Like
    DrMacintosh got a reaction from captain_to_fire for a status update, Lol, got an ad for Mochi Ice Cream. Finally people are selling it more in the US!    
    Lol, got an ad for Mochi Ice Cream. Finally people are selling it more in the US! 
  12. Informative
    DrMacintosh got a reaction from Silentprototipe for a status update, Its officially a know issue Known Issues Virtual Super Resolution settings may not re   
    Its officially a know issue
    Known Issues
    Virtual Super Resolution settings may not retain after updating to this Radeon Software release. Wolfenstein II: The New Colossus™ may experience an application crash when disabling Asynchronous Compute via game settings. Graphics and memory clocks may remain at higher than expected values after watching a video or using Windows DVR while in game. A workaround is to reboot the system. Cursor or system lag may be observed on some system configurations when two or more displays are connected and one display is powered off. Radeon WattMan gauges may report as zero on secondary graphics products in multi GPU enabled system configurations.
  13. Funny
    DrMacintosh got a reaction from AluminiumTech for a status update, You know what’s going to be awesome. In retirement homes they will replace Bingo with   
    You know what’s going to be awesome. In retirement homes they will replace Bingo with LAN parties. That’s going to freaking sick. 
  14. Like
    DrMacintosh reacted to savagepain for a status update, Well i guess im going to go back home to japan in a couple of weeks Yay i will be sur   
    Well i guess im going to go back home to japan in a couple of weeks Yay i will be sure to take photos 

  15. Funny
    DrMacintosh got a reaction from AluminiumTech for a status update, “Apple Watch Software Update Compelte” -iPhone *looks at Apple Watch*   
    “Apple Watch Software Update Compelte” -iPhone
    *looks at Apple Watch*

  16. Like
    DrMacintosh reacted to Densetsu for a status update, Got Manjaro Linux working w/ the 1800X/Vega 64 build. Just needed an installer w/ 4.1   
    Got Manjaro Linux working w/ the 1800X/Vega 64 build. Just needed an installer w/ 4.15 or newer kernel.
     

  17. Funny
    DrMacintosh reacted to iamdarkyoshi for a status update, New profile banner, or keep the GTX 770 Hydro?   
    New profile banner, or keep the GTX 770 Hydro?

  18. Funny
    DrMacintosh got a reaction from AluminiumTech for a status update, You know what’s going to be awesome. In retirement homes they will replace Bingo with   
    You know what’s going to be awesome. In retirement homes they will replace Bingo with LAN parties. That’s going to freaking sick. 
  19. Informative
    DrMacintosh got a reaction from TopHatProductions115 for a status update, Also, it would seem that virtual desktops consume quite a bit of battery life in macO   
    Also, it would seem that virtual desktops consume quite a bit of battery life in macOS. 
  20. Funny
    DrMacintosh got a reaction from AluminiumTech for a status update, You know what’s going to be awesome. In retirement homes they will replace Bingo with   
    You know what’s going to be awesome. In retirement homes they will replace Bingo with LAN parties. That’s going to freaking sick. 
  21. Agree
    DrMacintosh got a reaction from Arika S for a status update, I love how the Men’s Rights Movement has been painted as being made up of women hatin   
    I love how the Men’s Rights Movement has been painted as being made up of women hating men when really it’s just fighting for the rights of men that, lets face it, often get the short end of the justice system among other things. I don’t see how that’s any different than the women’s rights movement which fights for the rights of women. 
     
    But I guess the feminists really show their true colors when the most accurate definition of the Men’s Rights Movement has more downvotes than upvotes on Urban Dictionary. 
     
     
  22. Like
    DrMacintosh got a reaction from captain_to_fire for a status update, What real SoCs look like A11 Bionic    
    What real SoCs look like

    A11 Bionic 
  23. Informative
    DrMacintosh reacted to ARikozuM for a status update, Crucial MX300 525GB is $90 USD on Newegg right now. Sale is effective for seven days.   
    Crucial MX300 525GB is $90 USD on Newegg right now. Sale is effective for seven days. Seller is nothingbutsavings.com
     
    NEWEGG
  24. Funny
    DrMacintosh reacted to mrchow19910319 for a status update, I posted two topic on two different subreddit within 2 mins.  Both of them got delete   
    I posted two topic on two different subreddit within 2 mins. 
    Both of them got deleted by bot. 
     
    Come on....
  25. Informative
    DrMacintosh got a reaction from 8uhbbhu8 for a status update, Is it just me or does Nvidia Hair Works make hair look worse? Playing the Witcher 3 w   
    Is it just me or does Nvidia Hair Works make hair look worse? Playing the Witcher 3 with it off and tried it with it on. Off looked better imo. 
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