Philipp Moehring - tiny.vc

Oh boy I'm SO happy you asked, this is a fun one for me. US restaurants have a lot more terminals at the table than they did before, but the US is still behind Europe for two reasons. The main one is Europe had chip and PIN cards 30+ years ago (the E in EMV is Europay), while the US got chip cards way later and never required a PIN so you don't need a tableside terminal. 2nd thing is tips- in the US, cards are authorized for the pre-tip amount, then the final amount is adjusted later after you write the tip on the receipt vs one amount that includes the tip like in Europe. Ok - now WHY did Europe implement chip and pin: Europe was an easy vector for credit card fraud in the magstripe era... People would copy mag stripes to blank cards and use them. Europe was more likely to do offline batch processing than connected processing like in the US, so you could getaway with a decent amount of fraud. A lot of fraud detection was done country by country but you could easily hop across a border and nobody batted an eye with a foreign card (like would have been the case in the US back then) So Europe rolled out chip and PIN. The chip made cards harder to clone, and the PIN meant you had to bring the terminal to the customer. They also marketed to never let a card out of your sight, so waiters would never walk away with it to write down the number. In the US, we didn't shift fraud liability to merchants until 10 years ago, so chips weren't really used until then... and even then, it was chip and signature, not PIN, so servers kept walking away with your card and coming back for your tip and sig. Apple Pay is finally changing this. It's VERY irritating to get up and tap your phone at a server station 50 feet away. So we're getting more tableside terminals now, but they are for convenience, not security. Re emails: because the US upgraded terminals more recently, we have better systems there, and in Europe you are more likely to have a terminal from your bank than from your POS. In the US, the POS and payment terminals are generally integrated, and they want your email for marketing and loyalty programs!

Deutschland muss technologieoffen sein und mehr eigene Energie produzieren. Energie ist das Lebenselixier unserer Wirtschaft. Kernenergie 2.0 bedeutet kein Zurück zu alter Technik, sondern ein neues Kapitel ohne die früheren Gefahren. Deutschland braucht grundlastfähige und CO2-freie Kernkraft. Deshalb setzen wir auf neue, kleinere Anlagen. Der Stromhunger wächst durch Rechenzentren, KI und E-Mobilität gigantisch an. Für stabile Netze brauchen wir neben dem massiven Ausbau der Erneuerbaren Energien eine stabile Grundlastversorgung mit neuen Gaskraftwerken und moderner Kernkraft. Wir wollen die Technologien der Zukunft bei uns im Land entwickeln und wirtschaftlich nutzbar machen. Nur so können wir uns langfristig von internationalen Krisen und langen Lieferwegen entkoppeln.

The VC Flight to ‘Deep Tech’ is almost certainly the wrong move for you Mr. Lazy-Narrative VC

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