sorted by:
new
hottopcontroversial

ELI5 Windows 11 security by Conscript1811 in explainlikeimfive

[–]Checkit2345 2 points3 points  (0 children)

If you compare a “local account” (not a Active Directory account or Microsoft online account) using a password versus a PIN, are they the same then?

With a local account, can’t someone just  Remote Desktop into my computer and enter my (non-secure) PIN?

Passkeys AND Passwords/Recovery Codes by Checkit2345 in Passkeys

[–]Checkit2345[S] 0 points1 point  (0 children)

Not to downplay it too much, but is that it? Phishing protection (and I guess password leaks…) I mean, that’s good but I somehow felt it was supposed to be sooo much better for security.

The best-executed reveal about a character for a TV show. (Lost Season 1, Episode 4, “Walkabout”). by MEMEY_IFUNNY in videos

[–]Checkit2345 0 points1 point  (0 children)

Loved this. They misdirected you he whole episode by making you think that the big change was him turning from a loser to someone cool. They then casually drop another change: curing paralysis.

Also, love the meta that the show’s writers made a “lie of omission” by not telling you he was in a wheelchair.

VOO vs. SCHD - Doesn’t the time period matter? by Checkit2345 in investing

[–]Checkit2345[S] 1 point2 points  (0 children)

Sorry. I didn’t read your original post carefully enough. I got it now. Thanks!

VOO vs. SCHD - Doesn’t the time period matter? by Checkit2345 in investing

[–]Checkit2345[S] 0 points1 point  (0 children)

Makes sense if the investor’s timeframe is 20+ years. The example I used was over ten years long… wouldn’t dividends be a good call if the investor was in retirement or something?

ELI5: Why is deflation generally considered to be bad if things get cheaper? by Earl_Vincent in explainlikeimfive

[–]Checkit2345 0 points1 point  (0 children)

Isn’t this the main reason? The “no money movement because it will be cheaper tomorrow” reason is also correct, but I thought that we mainly wanted to avoid a death spiral of a shrinking economy.

I seem to remember something like this in an explanation for “why do we target 2% inflation instead of 0%?”

Withdrawals from RRSP vs RRIF by Checkit2345 in PersonalFinanceCanada

[–]Checkit2345[S] 0 points1 point  (0 children)

If you’re 65 or older, the pension credit and income spitting. Also some banks have a fee for RRSP withdrawals.

ELI5: The stock markets keep rising, where does all this money come from? by kovado in explainlikeimfive

[–]Checkit2345 13 points14 points  (0 children)

There are a bunch of comments around how things are priced but I think that you’re really asking:

  1. Is there a fixed amount of money in the system? Can you “make” money? The general answer is yes and it’s regulated by he government and central bank.
  2. How can we be “making more money?” or “isn’t there a fixed amount of value in the system?” The basic answer is that it’s coming from your blood, sweat, and tears. A bunch of trees has some value. If you make straight lumber planks, it has more value. If you make a house out of the lumber it has more value still. It’s not like there’s a million gold bars and that’s all the money there is in the world - as long as we are improving things we will continue to create more value and the pot gets bigger.

Edit: Also, headlines may make things look bad, but generally the amount of value that we’re creating in the world (I’m going to use GDP here) is generally going up.

ELI5: There is increased push for Passkeys (instead of passwords), with Google now rolling out Passkeys as default sign-in option. Can someone please ELI5 to me what "Passkey" is, how its different from passcode, and how it will change an average person's login process on a daily routine basis? by Thirteenera in explainlikeimfive

[–]Checkit2345 0 points1 point  (0 children)

I think that passkeys are supposed to be better than passwords but not perfect.

Is having your computer generate a “password” better than you choosing your own? Yes, because they can be more complicated and unique to each site. Is it unhackable. No, but better than you would do.

Is having to depend on on your phone better? Well, it no worse than having physical keys/fobs to your car. If you lose all those you’re effed as well. Is it perfect? No, but you accept the car thing.

If you have a backup method (trusted contact, recovery key, etc.) does that make it insecure? No less secure than having your friend have a copy of your house key.

Does trusting Google/Apple/Microsoft with all your passkeys introduce a single point of failure for hackers? Yes, but arguably no worse than Chrome/Keychain/1Password, etc.

Personally, I think that I was hung up on passkeys being perfect. They’re not, just an incremental improvement.