Alterslash

the unofficial Slashdot digest
 

Contents

  1. Group of Teen Hikers Relied on Google Maps. It Was a Disaster.
  2. Does Eating Less Protein Produce Healthier Aging and Metabolism?
  3. In a First, ‘Super-Earth’ Planet Shows It Could Have an Atmosphere
  4. Linux Desktop Market Share Surpasses 10% in North America
  5. Are Return-to-Office Mandates Killing Workers’ Trust in Workplaces?
  6. As New York Finalizes New Social Media Rules, US Senate Considers Nationwide ‘SCREEN’ Act
  7. How ‘Situational Awareness’ Hedge Fund Dropped 67% in AI Stock Rout
  8. Recovery Seeds Reportedly Breached for Coldcard Hardware Bitcoin Wallets, $75M Taken
  9. Is Big Tech’s AI Gamble Starting to Look Riskier?
  10. 150-Game Discount Bundle Raises $57,000 for Videogame Workers ‘Hardship Fund’
  11. NASA’s Curiosity Mars Rover Discovers a Field of Honeycomb Textures
  12. Apple’s Stock Drops Nearly 10%. How Will It Respond to Memory Shortage?
  13. Hamburg Is Replacing a Bridge In One Huge Piece
  14. New GitHub, PyPI Policies Hope to Boost Supply Chain Security
  15. Used EV Prices are Now Going Up in America

Alterslash picks up to the best 5 comments from each of the day’s Slashdot stories, and presents them on a single page for easy reading.

Group of Teen Hikers Relied on Google Maps. It Was a Disaster.

Posted by EditorDavid View on SlashDot Skip
“When a group of teenagers set out to hike British Columbia’s famed Howe Sound Crest Trail in early July, Google Maps suggested the trek would take about five hours,” reports SFGate.

“Instead, the hike stretched deep into the night, leaving the group exhausted, dehydrated, injured and in need of a helicopter rescue…”
Although the approximately 18-mile route with a 6,000-foot elevation gain can be completed by experienced trail runners in a day, search and rescue officials generally recommend hikers treat it as a two-day backpacking trip. The teenagers, all 17 years old, believed Google Maps’ estimate that the route would take about five hours. The printed directions they were carrying, which were shared publicly by Lions Bay Search and Rescue, gave simple instructions for two legs of the trail, but didn’t account for the terrain or elevation. "[Google Maps] is calculating the time that you’re walking a straight road on pavement,” [said Maria Masiar, training officer and search manager with Lions Bay Search and Rescue]. “When you get into outdoor terrain, that no longer holds true.”

Expecting only a short outing, each hiker carried about half a liter of water and limited food. There are no reliable water sources along the trail, meaning hikers must carry enough supplies for the entire route. As the group climbed, they began suffering from dehydration and muscle cramps but continued onward despite falling dramatically behind schedule. Eventually, the group made the decision to turn back and abandon making it to the end of the trail — and as the sun began to set and the group started to descend, fatigue took its toll. According to Masiar, members of the group had already stumbled and fallen several times while trying to race the coming dark, and only one hiker had a headlamp. Eventually, another hiker slipped about 10 feet off a boulder, injuring his tailbone badly enough that he could no longer continue. Search and rescue crews responded, ultimately evacuating him by helicopter.

I’m surprised it had any trails at all

By itsme1234 • Score: 5, Insightful Thread

I mean Google Maps it’s a sh*show for literally going 15 minutes from the car in the “woods” in Western Europe (quotes there because it’s more like someone’s backyard in other places less populated, and I don’t mean a king or anything). OpenStreetMaps are way better but it has to be a somehow popular region/destination.

Dumb

By ceoyoyo • Score: 4, Insightful Thread

People do dumb stuff in the mountains all the time. A couple of people apparently tried to hike this trail last winter in shorts.

This is a BC provincial park so there is undoubtedly a great big sign at the trailhead telling you how long to expect it to take and advising minimal equipment you should make sure to bring. There’s also an official website (advising only experienced hikers go beyond a certain point) and many, many other websites.

Does Eating Less Protein Produce Healthier Aging and Metabolism?

Posted by EditorDavid View on SlashDot Skip
“A major scientific review is challenging the idea that more protein is always better,” reports ABC News:
The review, led by pathologist and biomedical researcher Dudley Lamming and published in the journal Cell Press Blue, examined more than 350 studies involving humans, mice, insects, yeast, and other organisms. The review found that eating less protein, or less of certain amino acids that make up protein, may turn on body processes linked to healthier aging, as well as metabolism, the process by which the body turns food and drinks into energy…

For adults who already get enough, eating more protein may offer little benefit, while some research suggests that eating less protein could support healthier aging… Lamming reviewed the effect of reducing protein in many body processes. One of the processes involves a hormone called FGF21. “There’s an increase in a hormone called FGF21 that promotes energy expenditure [when protein intake is reduced],” Lamming said. “It essentially increases thermogenesis in your adipose tissue, so you don’t just store fat, but actually burn it as fuel.” This may help explain why some studies connect lower-protein diets with less body fat, better blood sugar control and a healthier metabolism. Eating less protein may also affect signals that tell cells when to grow, repair damage or recycle old cell parts. These jobs may play a role in aging.

However, protein restriction is not the same as protein deficiency. The goal is not to deprive the body of an essential nutrient. Instead, the research raises the possibility that avoiding unnecessary excess could benefit some people who already consume enough… Before reaching for another high-protein product, a better question may be: How much protein does my body actually need?

Re:Protein

By mistergrumpy • Score: 4, Insightful Thread

1. Eat food, not too much, mostly plants

2 Everything in moderation, including moderation

In a First, ‘Super-Earth’ Planet Shows It Could Have an Atmosphere

Posted by EditorDavid View on SlashDot Skip
“Scientists say they have detected promising signs that a planet orbiting a star 49 light-years from Earth could have an atmosphere,” reports CNN, “making it potentially suitable for life.”
Called LHS 1140b, the object is about five times the mass of our planet, or a “super-Earth.” This planet orbits around its star in the "Goldilocks zone,” also known as the habitable zone, meaning its surface temperature is not too hot or too cold for liquid water to exist… “It appears to be consistent with Earth, meaning it might have an iron core and a silicate mantle, plus some sort of low-density component, which is probably a combination of water and, now we know, an atmosphere,” [said Collin Cherubim, a planetary scientist and lead author of a paper on the finding, published July 16 in the journal Science]… If further observations confirm the findings, LHS 1140b would mark the first discovery of an atmosphere on a rocky planet in the habitable zone of another star…

There is no evidence of life or a life-supporting atmosphere on LHS 1140b now, but Cherubim said he believes it’s a formidable candidate for potential signatures of extraterrestrial life. “I think it’s the best place to look for life outside the solar system at this point,” he said. “It’s mostly rocky, it’s at the right temperature to support liquid water on the surface, and it has an atmosphere — those are the three key ingredients we look for…” Confirming the existence of an atmosphere on a rocky planet orbiting a red dwarf would be particularly exciting, Cherubim said, because the possibility of that happening is an open question in astronomy. “Can rocky planets have atmospheres around red dwarfs? This is the first bona fide yes,” he said. “It’s kind of a sigh of relief for a lot of us. But the jury’s still out. Maybe this is a weird planet, and it’s an oddball, or maybe it’s the first of many. We don’t know yet.”
Now “The James Webb Space Telescope is going to look at it,” Cherubim told CNN, and “Hubble’s going to look at it. Basically, everybody who can see it is going to be training their eyes on it.”

Michaël Gillon, research director of the Astrobiology Research Unit at Belgium’s University of Liège warned CNN that no definitive proof exists that LHS 1140b possesses a substantial atmosphere. But if the detection of helium can be confirmed, the implications would be profound. “Until now, we had only limited evidence for atmospheres on temperate rocky exoplanets. Demonstrating that LHS 1140 b has retained a substantial atmosphere over billions of years would show that at least some habitable zone Super-Earths around red dwarfs can survive the intense early activity of their host stars.”

49 light years… so close!

By guygo • Score: 3 Thread

It would only take 77,000 years to get there at the fastest speed accomplished by a human-made object. Hey Elon… Excelsior!

Linux Desktop Market Share Surpasses 10% in North America

Posted by EditorDavid View on SlashDot Skip
The blog Linuxiac reports:
Linux has crossed a major milestone in North America, with the open-source operating system now accounting for 10.65% of desktop usage in the region, according to Statcounter’s latest figures for July 2026. The result places Linux firmly in double-digit territory for the first time in Statcounter’s North American desktop operating system statistics.

For comparison, Statcounter recorded Linux at 5.52% in June 2026, so the share nearly doubled in one month… However, the sharp monthly increase needs context. Statcounter’s June figures included an “Unknown” category that accounted for 9.24% of North American desktop usage. Its reduction seems to have coincided with Linux’s rise, possibly indicating better identification of previously unclassified traffic…

Statcounter is not the only major web measurement platform showing Linux with a substantial presence on North American desktops. Cloudflare Radar data, filtered to desktop HTTP traffic from North America over the previous 28 days, also places Linux at a notably high level [9.4%].
StatCounter’s data also shows Linux with an even larger market share of 11.87% in just the United States — and a 14.73% market share in India. Linux’s market share in other world regions:
Asia 7.17%
Africa 5.71%
Europe 5.49%
South America 4.35%
China 2.12%

And here’s how the Linux market share on other countries compare to India and the U.S.
India 14.73%
United States 11.87%
Germany 7.24%
UK 6.18%
Canada 3.83%
Australia 3.55%

Linux’s surge could be due to its use in automation or headless browser workloads, Linuxiac points out. But another possibility is “growing frustration with Windows hardware requirements, advertising, account integration, telemetry, and forced interface changes has pushed some users to explore alternatives…”

“For now, the safest conclusion is that Linux has surpassed 10% of measured desktop web usage in North America according to Statcounter, not necessarily 10% of the region’s installed desktop computer base.”

Re:Netcraft Confirms

By drinkypoo • Score: 4, Informative Thread

Or, maybe better terminology, the year Microsoft finally fscked themselves with no backwards compatibility with even (well maintained) 10 year old laptops being good enough for 99% of the web.

Microsoft needs OEMs to buy licenses, even at a deeply discounted rate this is important (and importantly, has been dependable) revenue. They only do that when they are selling PCs. Microsoft had to help those OEMs sell PCs to capture that revenue.

Microsoft knows that source is drying up. Companies will be able to move away from Windows. This is why they have been shifting their focus towards the cloud. Like IBM, they have become a services company as they became staid and unable to execute on delivering exciting products, or in fact products people want. Instead, the best they can do is products they’re forced to use. The money is all the same color no matter what the feelings behind it are…

As usual, those statistics are usually biased

By Casandro • Score: 4, Insightful Thread

They are usually based on Javascript running off of ad-servers. Since NoScript and other technologies limiting the damage caused by Javscript and advertisements are highly correlated with certain platforms, the results will be skewed severely towards platforms where those are less common.

Re:Netcraft Confirms

By noshellswill • Score: 4, Insightful Thread
For non-IT tek people, Linux has been “usable enough” for 20 years. Many science guys jumped directly from Unix to Linux both at-lab and at-home. If you’re hacking your own code Fortran/C is Linux mothers-milk. OTOH  it’s the  Main-Street/Wall-Street business-folks with rigid work-flows that needed the well-disciplined  Microsoft “highway”.

No it didn’t.

By SmokyMarshmellow420 • Score: 4, Insightful Thread
The data is based on Statcounter, an increasingly obsolete statistics counter. It may have 20 years ago covered a representative sample of web traffic, but it does not in the modern day, when the average user never leaves the few social media giants’ websites during their daily browsing, none of which are measured by Statcounter.

Windows 11 is very different

By rsilvergun • Score: 4, Insightful Thread
Microsoft has had dog shit software in the past. But it wasn’t necessarily because of evil it was incompetence. There is some problems with Microsoft Office where the format is intentionally overly complex to make it difficult to reverse engineer and other bits of nastiness like that. But for the most part when an entire operating system from Microsoft sucks like Vista or 8 it’s because Microsoft screwed the pooch by accident.

Typically Microsoft intentionally bloats their operating systems so that oems have something to sell new computers for. That’s a long standing and not terribly secret thing and it’s why every new iteration of windows gobbles is much RAM and GPU and CPU as they can. But that wasn’t really a factor with Windows 11 or even Windows 10 because we had just gotten to the point where computers were fast enough.

With Windows 11 it’s the spyware. It’s grinding the computer to a halt so they can monitor what you’re doing to train their AI bullshit to replace you at your job. It’s also a fuck ton of nasty DRM and other associated nastiness so that corporations can spy on you and control your computer. This makes your computer increasingly unusable. That’s a relatively new thing.

Are Return-to-Office Mandates Killing Workers’ Trust in Workplaces?

Posted by EditorDavid View on SlashDot Skip
The Hill published the thoughts of Gleb Tsipursky, Ph.D., who serves as the CEO of the future-of-work consultancy Disaster Avoidance Experts:
A recent EnhancV survey of 1,000 full-time U.S. workers subject to new or stricter return-to-office policies found that 72% suspect these mandates are really a voluntary attrition strategy — a strategy by their own employers to make them quit their jobs. A full 46% admit to the practice of coffee-badging. Thirty-six percent have applied for a new job while sitting at their current office desk. Thirty-six percent have started a side hustle since the mandate was announced, in anticipation of being let go or quitting. Those numbers do not prove that employees reject collaboration. They show that many employees no longer trust the official story…

The central mistake in many in-office mandates is the assumption that proximity automatically produces commitment. It does not. A worker who spends two hours commuting to sit on video calls with colleagues in other cities is not experiencing culture. That worker is experiencing theater. When executives describe the office as a cure-all, many employees experience lost time, higher costs and lower autonomy. The policy’s defining feature becomes its credibility gap. Research keeps undercutting the belief that more office time automatically means better performance. A University of Pittsburgh analysis of S&P 500 firms found that return-to-office mandates reduced employee satisfaction without improving firm performance or firm value....

Baylor University’s reporting on office mandates and brain drain found that firms with mandates faced greater turnover among women, senior employees, managers and high-skilled workers, while job vacancy duration increased and hiring rates declined. In other words, the people with the most options are often the first to leave. The employees who remain may not be the most committed — they may simply be the least mobile… Attendance can be mandated, but commitment cannot. When leaders confuse the two, they do not rebuild workplace culture. They create a room full of people planning their exit.

Wow

By phantomfive • Score: 3 Thread

They show that many employees no longer trust the official story.

Why did they ever trust the official story? Lying has been standard in SV for a long time. Obviously longer, but I can’t find older links. A lot CxOs lie for no reason, in a transparent way that kills morale. I’m starting to think they intentionally kill morale.

Re:Pretty simple

By jhoegl • Score: 4, Informative Thread
Im going to let you know that it was already allowed for introverts with high production to work from home. Before COVID WFH was allowed for quite a few people, including executives.
Those that do not earn an income off of physical labor, as you pointed out, waste personal time on daily travel that adds nothing of significance to the job. Is work being completed? Is there a concern with performance? Then address them, dont be scared to talk with the employee.
But they are scared, otherwise they wouldnt lie, they wouldnt worry about talking with the employee, and they wouldnt try some convoluted excuse.
There is nothing new here, except that the general public realized that the unnecessary bits were imposed upon them by Executives who are in charge of buildings they have a stake in or own, and freaked out when companies were re-evaluating the need for the physical presence.
The really good analysis was that WFH doesnt take away from the business. That was stated multiple times, and still is a valid point.

Re:Wow

By pla • Score: 5, Interesting Thread
It’s much simpler than all that - Remote work proves management are exactly as useless and attention-seeking as we always suspected they were.

Leaders equating line-of-sight supervision with effectiveness found themselves without their primary management tool

having well-trained, well-motivated managers leads to massive boosts in productivity from hybrid and remote working models. The data support this argument from the flip side, too. Among companies that reported struggles with remote work, this issue was concentrated in firms in which leaders fumbled the management and coordination of their remote teams.

Remote and hybrid workers are struggling with leadership gaps that were never addressed when companies shifted out of the office. Many management habits remain rooted in on-site visibility rather than clear expectations and outcomes.

And most damning of all, The study concludes that narcissistic leaders oppose virtual work primarily because it threatens their access to power and status, rather than out of concern for organizational productivity. Shandell, Elliott, and Grant write that “leader narcissism is a critical but neglected source of resistance to remote work.”

Who cares?

By rsilvergun • Score: 3 Thread
Or rather who that matters actually cares?

Return to office was about commercial real estate property values so that a couple of billionaires who are heavily invested in it didn’t lose their investments. Every single credible study has shown that work from home improves productivity and is universally beneficial because it gets people off the roads so if you are somebody who genuinely has to go into the office you have less traffic and cleaner air.

Nobody is going to care whether employees are happy or not anymore. Not broadly. Automation has been devouring jobs since the late 70s and by all accounts the pace is going to accelerate. So employers don’t need to be nice to you anymore.

I wish UK employees would push-back like USA

By yuvcifjt • Score: 3 Thread

Quite sad that in the UK, the company and HR have won with forced return-to-office mandates, and there’s been very little or no push-back by staff.

It’s almost impossible to come across any job which is fully remote in UK now, unless it’s a job from USA or a European company.

As New York Finalizes New Social Media Rules, US Senate Considers Nationwide ‘SCREEN’ Act

Posted by EditorDavid View on SlashDot Skip
New York has finalized new rules that will govern social media apps in the state starting on January 25, 2027. The law prohibits social media platforms from sending notifications to minors between midnight and 6 a.m. without parental consent. And minors “will only be shown content from other accounts they follow or otherwise select in a set sequence, such as chronological order,” rather than “the default algorithmically personalized feeds… unless they get parental consent for an addictive feed.” (Social media companies “must offer at least one alternative method for age assurance besides providing a government-issued ID,” the announcements points out, and any information used to determine age “must not be used for any other purpose and must be deleted or de-identified immediately after its intended use.”)

But meanwhile, the EFF writes that a committee in the U.S. Senate is considering the SCREEN ACT, “a sweeping age-verification bill that would require online services to verify users’ ages before they can access any sexually explicit content. If this bill passes, it will force millions of adult internet users to give up their anonymity, privacy, and security before they access lawful speech.”
Unlike many state-age verification laws — which have been harmful in their own right — the SCREEN Act has no requirement that a significant portion of the website consist of sexually explicit content that is harmful to minors. The bill requires nearly any service hosting even a single piece of sexually explicit content to verify the ages of its users. The result is that the bill would apply not only to adult content sites like PornHub or OnlyFans, but also streaming services like Netflix, and social media platforms like Reddit, Discord, or Bluesky, if they host any adult content…

Under the SCREEN Act, the “bouncer” will be a digital age-verification service that captures your personal information and saves it to a database for an unspecified amount of time. The consequences of the bill won’t be limited to minors. If websites and apps are expected to reliably identify teenagers, adults will be asked to prove they are adults. Even worse, the SCREEN Act is a privacy and data security nightmare. One provision of the bill requires services to take reasonable steps to protect the data collected and to not maintain for longer than is necessary. But these are terribly weak protections that impose no meaningful collection, use, or retention limits on services collecting people’s private information…

The SCREEN Act also targets virtual private network (VPN) users and providers. The bill requires covered websites to verify users’ ages based on their IP addresses unless the service can determine that the user is outside the United States, and specifically requires age verification on traffic coming from known VPN addresses. In practice, this discourages the use of VPNs and proxy servers, which millions of people rely on for legitimate purposes such as protecting personal privacy, securing public Wi-Fi connections, safeguarding journalists and activists, and preventing data tracking…

The SCREEN Act creates onerous age-verification rules that will block adults from accessing lawful speech, curtail their ability to be anonymous, and jeopardize the data security and privacy of all internet users.

This already exists

By fahrbot-bot • Score: 5, Informative Thread

Under the SCREEN Act, the “bouncer” will be a digital age-verification service that captures your personal information and saves it to a database for an unspecified amount of time.

Some sites already require the use of ID.me — like the IRS, SSA and Medicare, the latter two also allow Login.gov. Here are 77 Companies that use ID.me in United States

Not trying to give them ideas, just sayin’ …

You’re assuming that’s not the point.

By dgatwood • Score: 4, Interesting Thread

At this point, I’ve stopped giving politicians the benefit of the doubt. If they support regulations that look like they have the potential to drag the United States into becoming an authoritarian hellhole, I assume that they’re actually trying to do just that. It makes it a lot easier to convince myself to vote for another candidate in every election afterwards, even if that candidate isn’t as good in other areas, because at least the other candidate isn’t trying to destroy our basic freedoms.

Look up the sponsors of the bill, and vote against them from now on, whether it’s a primary or a general election. Repeat until ousted.

Re:This already exists

By jsonn • Score: 4, Funny Thread
I think the IRS certainly qualifies as BDSM…

Re:Zero Knowledge Proofs

By allo • Score: 4, Insightful Thread
It doesn’t matter much … because possessing such a certificate doesn’t say you’re the owner of it. To control who’s using the site you would need to both know the certificate, have it contain an image of you and activate your webcam so one can control that you are sitting in front of the PC and not someone else who may be a minor. Effective age verification cannot be done from the remote end. So make the parents accountable for their child’s online behavior instead of the site owners. You can turn off notifications by just switching off networks at night and you can prevent access to porn sites using a filter on your device. Then sites only need to add a flag “adult site” (many already do) and your filter can prevent access to them.

Re:You’re assuming that’s not the point.

By jhoegl • Score: 4, Insightful Thread
Google and Facebook are the ones that wrote the bill.
Just so you understand who wants this data.

How ‘Situational Awareness’ Hedge Fund Dropped 67% in AI Stock Rout

Posted by EditorDavid View on SlashDot Skip
CNN tells the unfortunate tale of hedge fund Situational Awareness, “founded in 2024 by German-born Leopold Aschenbrenner when he was in his early 20s.”
Aschenbrenner, a former OpenAI employee, founded the hedge fund on the premise that “AI will be the dominant driver of global market returns over the next decade,” according to the firm’s site… Aschenbrenner managed to turn hundreds of millions of dollars into tens of billions of dollars over the course of roughly two years… That streak ended on Thursday, though, when the fund was forced to sell the bulk of its public holdings to a bigger rival after many of its investments went south.

But that’s only part of the story. The fund employed a risky strategy of borrowing money to purchase stocks. When the investments appreciate, the payoff can be massive. But when the investments sour, the losses can be catastrophic. The downturn in AI stocks over the course of this month, like chip makers and cloud computing providers, hit the hedge fund extra hard. It was forced to sell off many investments at a steep discount to rival hedge fund Citadel in what Aschenbrenner reportedly compared to a “bank run” in a letter to investors.
“Critics pointed out that Aschenbrenner had no experience running money prior to launching his fund in July 2024, calling him more lucky than smart,” writes CNBC:
Some noted that his early work experience was at the doomed crypto firm FTX, where he helped now-disgraced founder Sam Bankman-Fried run a charity out of a Bahamas penthouse. Others on Wall Street, including former traders at global investment banks, noted that in light of reports Situational Awareness used as much as 400% leverage, the collapse wasn’t shocking.
The Wall Street Journal reports that Situational Awareness “also used options to amplify its returns. That meant that even small declines in individual names could have big impacts on Situational’s portfolio.”

And so, as the New York Post put it, “The celebrated crystal ball of the 'Nostradamus of AI' hasn’t merely gone cloudy — it has rolled off the table and shattered on the parlor floor.”
Wall Street breathed a huge sigh of relief last week as an AI-focused hedge fund called Situational Awareness reportedly sold most of its portfolio — reportedly down 67% last month on the backfiring of debt-fueled bets on chipmakers and assorted artificial-intelligence firms — to billionaire Ken Griffin’s Citadel…

The prevailing sentiment was best summed up by a veteran Wall Street sage who has seen a lot of flameouts in his day. Let’s just say he wasn’t impressed by Leopold Aschenbrenner, the 25-year-old German-born “Nostradamus” figure who is the founder of Situational Awareness… “Just your typical leveraged Âidiot who was right until he was wrong,” the source said, adding that the implosion is a “one-off…”

[Another trusted source] felt there was room for conversation: “A significant issue. Not viewed as systemic right now. I wonder if that changes as more problems arise.” Indeed, the fact is that most of Wall Street is closely monitoring the Situational Awareness situation because they were holding many of the same positions as ÂAschenbrenner. Another top hedge fund manager I won’t name tells me he has been getting crushed on similar investments in chipmakers essential to the AI supply chain, as well as other companies feeding off this technology.
Thanks to Slashdot reader joshuark for sharing the news.

Average WSB regard

By bubblyceiling • Score: 5, Interesting Thread
400 % leverage, risky options play, ex-crypto bro, goes all in on the next big hype.

For a second I thought this was r/wallstreetbets

Hedge fail

By phantomfive • Score: 4 Thread
A hedge fund is named such because they (traditionally) hedge against risk. Thus, whether the stock goes up or down, the hedge fund can make money (and lose money if it stays flat).

This fund clearly failed on the hedging. No point in using a hedge fund at that point, might as well have just bought the stock (or options if you’re crazy).

Old technique

By gurps_npc • Score: 5, Insightful Thread

There is an old technique - the guaranteed winner by random chance:

You get 32 stock brokers. On Monday the boss picks 2 stocks. 16 say that stock is going up, 16 say down, and they each call 100 people and give their prediction. That evening the 16 that were ‘right’ call their 100 back and brag. Tuesday they repeat only with 8 on each side. Repeat on Wednesday with 4 winners. Thursday they have 2 winners. Friday they have 1 winner that brags to his 100 prospects:

“Look, I happened to predict the winner every day this week. I can not guarantee that will happen every day, but if you want to hear my predictions next Monday, I need you to move your account to my firm.”

And the gullible fool does it, not knowing that mathematically the predictions were guaranteed to work on 1 of the 32 brokers. Just math, not competence.

Betting on AI was not some super genius move - especially using margin. All it involved was taking the popular opinion and going all in. While it worked you look like a genius. When it fails, you lose everything.

He just played the odds and won for a while. But the math was never going to have him win forever.

Re: Old technique

By LindleyF • Score: 4, Informative Thread
It was also a Mathnet story called Swami Scam. Except there it was horse races.

Re:“founded in 2024 … when he was in his early 2

By Ol Olsoc • Score: 5, Interesting Thread

Why, is losing your money any less painful if the bad decisions were made by 50 or 60 year oldfags like the management of Lehman Brothers back then?

Greed springs eternal.

I went through the Dot.com bubble. I went through the subprime bubble. I had friends who lost millions almost overnight. Two who managed to do it in both bursting bubbles.

I didn’t lose a cent. My investment advisers were some of your “oldfag” archetypes. Except they were remarkably conservative investors for me who played the long game. But the long game isn’t glamorous or flashy. It’s a slow but accelerating slog. Point is, I now have more liquid money than any of them do now. Especially that poor guy who went from looking at a seriously flush retirement to Social security level living after her lost it all a second time.

So you don’t hear a lot about us, you just see the stories about the high rollers, the handful of people that frankly, got very lucky. That inspires the greed in regular people who think they’ll do the same. Then it all burns down. But there is always new greed to take the place of the old greed. Almost impossible, people thinking they can get rich quick and fancy themselves wise investors while carrying 3 maxed out credit cards are a great target.

400 percent leverage? in what universe does that even work?

Recovery Seeds Reportedly Breached for Coldcard Hardware Bitcoin Wallets, $75M Taken

Posted by EditorDavid View on SlashDot Skip
“A hardware wallet is supposed to be the safest place to keep Bitcoin,” writes The Street, since it never connects to the internet, its keys never leave the device, and “the whole point is that an attacker would need to physically hold it to steal anything.”

The problem is that anyone who can reproduce the recovery seed doesn’t need to possess the COLDCAR, Nerds.xyz points out. More from The Street:
[The recovery seed] is supposed to come from a hardware random number generator producing 128 bits of entropy, a number so large that guessing it is computationally impossible. It wasn’t. According to Block’s engineering team a single code change on March 1, 2021 caused the firmware to silently fall back to a software-based generator instead of the hardware one. On Mk3 devices the effective search space collapsed to roughly 40 bits. Coinkite has confirmed that figure and called it preliminary. The gap between 128 bits and 40 bits is not a matter of degree. It is the difference between a lock that cannot be picked and one that can be brute-forced by anyone with rented cloud computing....

Chainalysis found the attacker went after the largest balances first, pulling more than $30 million in the opening ten minutes. Within about 25 minutes, roughly 594 BTC had moved out of some 500 single-signature wallets. One victim lost around $1.8 million… Coinkite has shipped fixed firmware, but with a warning that matters more than the patch itself. Updating does not repair an existing seed. A seed created with weak entropy stays weak forever. Affected users have to generate an entirely new wallet on updated hardware and move their coins to it.
By Saturday morning Galaxy research was tracking 1,158.66 BTC, worth roughly $75.1 million, taken from 2,673 addresses, according to the article. And “The Coldcard exploit is ONGOING,” Galaxy Research posted an hour ago on X.com. “Move Coldcard single-sig funds to safe locations immediately!”
We have reported ~600 addresses we believe to be hackers holding funds stolen from Coldcard-generated weak entropy addresses to federal investigators, industry compliance firms, and cross-industry cyber investigators.
Thanks to Slashdot reader BrianFagioli for sharing the news.

Criminal activity in the crapto space. Who cares?

By gweihir • Score: 5, Insightful Thread

Seriously, this abysmally bad idea has no place in the news. Only blithering idiots are still in there.

silently?

By usedtobestine • Score: 4, Insightful Thread

Does that mean they have never run their code changes in a test environment to see what they do? Perhaps under a debugger? Also, why was it even possible to fall back to such a weak keylength?

Re:seriously - who certified or tested this

By gweihir • Score: 4, Interesting Thread

40 bit is within reach of practical guessing attacks. 128 bit is not, but just barely (the limit where it becomes reliably unguessable is somewhere in the 80…100 bit range). If you are serious about things you use at the very least 256 bit. And, obviously, you do independent expert review on any major change. This one is so abysmally insightless and bad, it may well have been an intentionally placed backdoor. I wonder whether they can still reliably say who did the change.

As to who certified that, this is the crapto space. Where everything is easy, nothing needs to be certified and stupid is the name of the game.

So one should probably wonder

By 93 Escort Wagon • Score: 5, Interesting Thread

According to Block’s engineering team a single code change on March 1, 2021 caused the firmware to silently fall back to a software-based generator instead of the hardware one.

What are the odds that a COLDCARD insider has been playing the long game, and it just payed off?

Re:Criminal activity in the crapto space. Who care

By taustin • Score: 4, Funny Thread

So you’re claiming you have life changing wealth from Bitcoin? What island did you buy?

Is Big Tech’s AI Gamble Starting to Look Riskier?

Posted by EditorDavid View on SlashDot Skip
The Washington Post looks at giant tech companies "feeding every available dollar into the cash-incinerating maw of AI machines.” They warn “Tech superstars that once had oodles of cash left over at the end of each year are now flipping into the red…”
[While optimists expect] huge corporate profits and a society-wide boost to wealth and well-being… questions about that AI vision are now growing more urgent: When, if ever, will this payoff arrive? And what will the fallout be for Americans if the titanic investment doesn’t quickly deliver? “This AI thing better work out because if it doesn’t … we’re going to have a problem,” said Torsten Slok, chief economist at investment firm Apollo Global Management. AI costs and doubts are spreading. The U.S. stock market has swooned this summer over fear of the AI bubble going bust…

The AI gamble sweeping up American fortunes is led by tech companies splurging on hulking data centers packed with computer chips and equipment needed to develop sophisticated AI models and deliver them to customers. In investor calls in the past week, Google, Microsoft, Meta and Amazon pointed to soaring AI-related sales and business deals. Advertisers are using the technology to tailor marketing pitches and corporations and start-ups are buying access to chatbots and other AI software to boost productivity… But this spending can only continue if AI generates an even larger avalanche of new revenue to pay for it all. Financial results released over the past week show that the AI titans’ mammoth costs are largely swamping the sales boost from the technology. At Google, for every dollar of cash its business generated in the past three months, $1.15 went out the door to pay for AI computer chips and equipment, land for AI data centers and other big-ticket purchases. The company is covering the difference partly by borrowing money and selling more of its stock. Next year, five leading AI companies — Google, Amazon, Microsoft, Meta and Oracle — are projected to have negative free cash flow, which measures the cash left over after paying expenses and AI infrastructure costs. The figures, based on investment analyst projections compiled by S&P Global Market Intelligence, show a stunning reversal for what have been some of the world’s most cash-generating corporations…

The companies remain profitable by standard financial accounting measures that spread out the costs of their AI infrastructure spending over many years… Pessimists see a bet so gargantuan that it cannot possibly pay off. The pessimists are growing louder. The Bank for International Settlements, a typically measured institution in Switzerland that advises government bankers around the world, recently warned there was risk of “economy-wide recessions” if the AI boom falters. That could mean pain for workers and communities across the United States. “I’m not saying AI is going to go away, it’s just not clear to me these guys are going to make money on it,” said Christopher Wood, global head of equity strategy at investment bank Jefferies who has correctly predictedpast financial bubbles.

When did it not look risky?

By drnb • Score: 5, Insightful Thread
When did it not look risky? When did it not look like the ai bros were telling the dot com bros to hold their beer?

They are asking the wrong question....

By duwde • Score: 5, Interesting Thread
The question is not “IF” the AI bubble is going to burst, but “WHEN”. It’s impossible to keep up these spending levels in the long term, and I am yet to see AI profits outpacing the spending. There are only two kinds of people who believe otherwise: people with zero knowledge of what LLMs really are, or CEOs of AI companies

Re:All your data center are belong to us

By PPH • Score: 5, Insightful Thread

You pay a power bill? The utility that built billions worth of generation and transmission infrastructure on the promise of a future income stream gotta get paid. The bonds have to be covered or the banking system will seize up like in 2008. In the final analysis, it’s the people left still paying a power bill who will get stuck.

Re:Buffett: “Only when the tide goes out…”

By gweihir • Score: 5, Insightful Thread

It is actually worse. LLMs do sort-of have a world-model, but they cannot really use it. What they lack is deductive capabilities with the power needed to do plausibility checking against that world model. And there is no way to create that because statistical “deduction” will always be very shallow and very unreliable.

As a simpler description, LLMs have all the data, but they have no insight that would allow them to use that data competently. They can only make statistical guesses and that is not enough outside of some small and not very important application areas. Hence engineers will not get replaced. But they may get pissed and some people may find nobody wants to work for them anymore.

Starting?

By nedlohs • Score: 4, Interesting Thread

Starting? Starting?

The giant silver lining to the destruction of capital this has brought is that if likely to be the end of Oracle. And maybe collapsing the tech economy is worth that one gem.

150-Game Discount Bundle Raises $57,000 for Videogame Workers ‘Hardship Fund’

Posted by EditorDavid View on SlashDot Skip
"An itch.io game bundle put together by Necrosoft Games and The United Videogame Workers-CWA union is a new way gamers can show their support for developers who have been let go amidst the ongoing video game industry labor crisis,” writes Kotaku.

Launched Thursday, it’s already raised $57,859 from 3,984 contributors. (Average contribution size: $14.52)
The bundle is pay-what-you-want with a minimum purchase price of $10, offering DRM-free PC versions of games including A Short Hike, SkateBIRD, and my favorite game in the pack, Arranger: A Role-Puzzling Adventure … The bundle will be available through August 13.
The gaming blog Rock Paper Shotgun shares more details, starting with this quote from the bundle’s page on itch.io:
“Reports say 33% of the industry lost their jobs in the last two years, and the jobs they could fill are disappearing as CEOs try to replace them with AI. It’s hard for companies to adjust to the new shape of the game industry, but even harder for the people they should be employing… To address this in some small way, we have created a bundle with almost 150 games. The proceeds of this bundle will go toward a hardship fund for those experiencing layoffs.”

Games industry workers currently out of work or under-employed can apply to this fund, which is distributed by the United Videogame Workers, to help out with basic necessities like food and rent. As a note, this is only available to US and Canada-based devs, but there’s an FAQ explaining who can apply for the fund.

Microsoft?

By usedtobestine • Score: 3 Thread

Why? Is this so that Microsoft doesn’t have to pay them well enough? Or do they already make enough money for what the do?

When do they get access to the fund?

By drnb • Score: 5, Interesting Thread

Videogame Workers ‘Hardship Fund’

When do they get access to the fund? Because for many game studios the hardship is when actively employed in the game industry. When leaving the game industry that is when the hardship ends. I’m going with the all-too-common practice of taking advantage of young recent grads that think working in the game industry would be the coolest thing to do. Well, it is at a very very small number of studios, its not the typical experience.

Between 30 and 35,000 jobs lost

By FeelGood314 • Score: 3, Insightful Thread
And that’s just developers. So this works out to $2 each. I get the motivation and sentiment but to really make a difference you need 4 more zeros. If you are a socialist and want to make a difference learn basic math including division and then figure out something that meaningfully changes things. Like if the studios are pure evil, create a coop studio or a coop publisher. I mean with all the questionable things the evil Capitalistic publishers do shouldn’t a union of people with expertise in the field be able to create some alternative?

Wait a second

By quonset • Score: 3 Thread

Aren’t these developers paid a good salary, generally better than a large percentage of the population? What did they do with all that money? Why would they need a “hardship” fund?

Nice idea…golf claps all around…

By Archfeld • Score: 3 Thread

It is a nice thought but nothing more than that. Not even enough for a bad cup of coffee each.

NASA’s Curiosity Mars Rover Discovers a Field of Honeycomb Textures

Posted by EditorDavid View on SlashDot Skip
NASA’s Curiosity rover has sent back images of honeycomb-like textures called polygonal fractures, each one about 1.5 to 3 inches (4 to 8 centimeters) across. NASA reports:
The mission has spotted small patches of these geometric shapes several times before, but nothing at the scale discovered in Valle Grande. In a 360-degree panorama that the rover captured on June 19 and 20, the 4,930th and 4,931st Martian days, or sols, of the mission, the polygonal shapes spread in all directions for as far as the rover can see… "[T]his sea of polygons took our breath away,” said the mission’s project scientist, Ashwin Vasavada of NASA’s Jet Propulsion Laboratory in Southern California… Some of the polygons that the mission has spotted in the past clearly formed as mud cracks, though a variety of processes can contribute to their honeycomb textures, including cycles of warm and cold temperatures or compression that squeezed water out of the sediment when the surface was buried.

These newly discovered polygons are among the many surprises Curiosity has trundled across since landing on Mars 14 years ago, on Aug. 5, 2012. Besides sulfur crystals, shiny meteorites, and other interesting geologic features, the rover has made major discoveries about the ancient Martian environment — most importantly, that it had the water, chemistry, and nutrients to support microbial life.

Billions of years ago, lakes and streams dappled the lower foothills of Mount Sharp, a 3-mile-tall (5-kilometer-tall) mountain that Curiosity has been ascending since 2014. The rover has previously uncovered chemistry left over from Mars’ watery history, including carbon-based molecules believed to be precursors to RNA and DNA, two nucleic acids that carry genetic information. Scientists have no way of knowing whether these organic molecules were created by biologic or geologic processes — either path is possible — but their discovery reconfirmed that ancient Mars had the right chemistry to support life.
Dark, pebble-sized rocks also litter the area, NASA writes in a blog post, saying it’s a “still-to-be-resolved question” as to whether they’re bits of Mars that “floated” down from higher in the sediment layers, or “were ejected from distant impacts outside of Gale crater, or are meteorites from beyond Mars altogether.”

Honeycomb’s big

By 93 Escort Wagon • Score: 5, Funny Thread

Yeah yeah yeah.

Optimization processes

By JoshuaZ • Score: 5, Interesting Thread
n general, when there’s an optimization process involved where one is minimizing stress or something else, hexagons often show up. In fact, hexagons are more often in nature than square patterns. One nice example is Giant’s Causeway which has large hexagonal basalt columns https://en.wikipedia.org/wiki/Giant’s_Causeway (although a few columns have seven or eight sides). But neat to see another example, on another world no less. (We have on big hexagon on Saturn already.)

Simple answer

By quonset • Score: 3 Thread

The simulation we’re in gltiched and hasn’t refreshed. Try again in a day or two and see how it looks.

Very much like the Death Valley patterns

By Felix Baum • Score: 4, Interesting Thread
They were a mystery for quite some time, but eventually figured out by scientists https://www.livescience.com/sc… this would imply ancient wet dry patterns, thermal stress or burial compression patterns. Water would help make any of these possible.

Not that far

By hcs_$reboot • Score: 3 Thread
https://www.ntu.ac.uk/about-us…

Apple’s Stock Drops Nearly 10%. How Will It Respond to Memory Shortage?

Posted by EditorDavid View on SlashDot Skip
Apple’s stock “fell just shy of 10% on Friday,” reports Yahoo Finance, “after CEO Tim Cook warned about the impact of the global memory shortage on the company’s business.”
During Apple’s third quarter earnings call, Cook said the company paid significantly more for memory in the quarter and expects that to further increase in the current period. And while Apple is able to offset some of that price jump, it won’t be able to tackle it all… The CEO said that iPhone and Mac sales outpaced Apple’s own expectations and that a lack of flexibility in the supply chain is making it more difficult to keep up with demand.
Yahoo Finance cited an investment analyst who predicts overall gross margins for Apple’s iPhone could drop from 38% to 34.5%. But another analyst sees a scenario where Apple “raises iPhone prices, unit growth will slow, and as unit growth slows, so will user growth, which we think ultimately will slow Services growth.” (Still, Yahoo Finance predicts Apple’s new leasing program “could help address those concerns.”)

Apple has another controversial option, according to the blog 9to5Mac:
Bloomberg reports that US senators from both sides of the aisle are urging Apple CEO Tim Cook to commit by August 21 to not using memory chips from Chinese suppliers CXMT and YMTC....

Apple is not required to obtain U.S. government approval to purchase chips from the companies, but doing so without the administration’s support could expose it to significant political ramifications. Which is why, in an interview with The Wall Street Journal ahead of Apple’s recent price hikes, Tim Cook said that “everything needs to be on the table,” adding that “we should look at all supply....” More recently, the Journal reported that Apple’s use of Chinese memory chips could extend beyond China, with the company seeking the administration’s blessing to use components from CXMT and YMTC in products sold elsewhere outside the US. The report also detailed Micron’s efforts to persuade the administration to reject Apple’s request, arguing that allowing Chinese suppliers into Apple’s supply chain could undermine domestic memory production…

[Bloomberg’s reported that U.S. lawmakers warned] other companies could follow Apple’s lead, potentially undermining domestic memory production and planned investments in states such as Indiana, Idaho, New York, and Virginia… [T]he senators sought details about any information Apple has shared with CXMT during the component qualification process, noting that the transfer of controlled technical information to advanced chipmaking facilities in China may require a Commerce Department license.
The blog MacRumors notes that Apple has already increased prices for Macs and iPads in June because of surging memory prices. Apple CEO Tim Cook said Thursday “we did it because we’re in what I would characterize as a 100-year flood on memory pricing with exponential increases in memory prices.”
Cook did not comment on whether Apple plans to raise iPhone prices when the iPhone 18 Pro models and first foldable launch this September, but multiple analysts believe prices will go up. Cook said Apple is expecting to pay higher memory costs in the September quarter, though Apple will be able to partially offset it with lower costs on some non-memory components and a stockpile of inventory.
Sky News points out that “It was Tim Cook’s final earnings appearance before his retirement after 15 years at the helm of the company.”
Apple, which recently topped Nvidia as the most valuable listed company, has been largely spared the volatility in share price seen by chipmakers and big spenders on artificial intelligence. Apple continues to generate cash without the huge investment spending that its Wall St peers are dealing with “and that showed across most parts of the operation,” said Thomas Monteiro, an analyst at Investing.com.

Re:How should they respond?

By Valgrus Thunderaxe • Score: 5, Insightful Thread
By the time they bring a memory plant online, the AI bubble might have crashed. That’s why nobody actually wants to do this.

This is ridiculous

By RUs1729 • Score: 3 Thread
I have no love for Apple but I am skeptical that whatever is going on justifies that its stock should be punished like that. Investors are a hysterical bunch with a sheep-like mindset. It makes for a depressing thought the fact that such idiots have a big influence on the global economy. Bloody buffoons, always at the core of self-fulfilling negative prophesies.

âoesignificant political ramificationsâ&

By superposed • Score: 5, Insightful Thread

Apple is not required to obtain U.S. government approval to purchase chips from the companies, but doing so without the administration’s support could expose it to significant political ramifications.

This line is really chilling. The fact that it passes without comment shows that we’ve now gotten used to living in an authoritarian state instead of a democracy. In a country that actually supported free enterprise, a company wouldn’t have to worry what the president thinks of their perfectly legal business decisions. Nor would they need to be on the president’s good side to run their business as they see fit in the future. âoePolitical ramificationsâ of this sort have no place in a free, non-corrupt society.

Hamburg Is Replacing a Bridge In One Huge Piece

Posted by EditorDavid View on SlashDot Skip
Long-time Slashdot reader Qbertino writes:
The northern German City of Hamburg is currently in the process of replacing one of its bridges in one single gigantic piece. The new replacement weighs 3700 metric tons and was carefully moved into place over a stretch of 500 meters, requiring extreme patience and precision maneuvering. Some places leave only 40 cm of room to neighbouring buildings.

English-language sources

By jenningsthecat • Score: 3 Thread
https://ney.partners/project/b…
https://whysogermany.com/news/…

Not sure if they contain as much info as the original sources, but they’re much easier to read for most Slashdotters.

Re:meh.

By Teun • Score: 4, Informative Thread
Uh no.
The bridge was rolled the 500 meters to it’s destination on 1044 wheels.
At the end hydraulic jacks were used to lift it the 6 meters (20 feet) to rest on the designated supports.
As such not unusual but here is was in a densely populated city and on roads that during the transport had to be reinforces with heavy steel plates to protect the underlying pipes and cables.

Standard practice for a while now

By nospam007 • Score: 5, Informative Thread

Yes, this has been standard practice for a while now, especially for rail and highway bridges over busy routes, not really a novelty anymore despite the press coverage.

How it works
The new bridge is fully built off-site, nearby, then moved into place using self-propelled modular transporters (SPMTs), hydraulically steered multi-axle platforms, often within a single night closure. This cuts actual line closure from months down to a weekend or one night, since construction happens in parallel with ongoing traffic.

Why it’s become standard

Far less traffic disruption than build-in-place
Better quality control off-site
Cheaper overall despite transport logistics, since closure costs (detours, lost economic activity, rail replacement buses) are usually the biggest expense

Regional examples
Germany’s done this repeatedly on A1, A7, and other busy motorways as part of its bridge modernization program. Luxembourg/France/Belgium border regions have seen comparable push-in or slide-in operations for motorway or rail bridges. It’s become the preferred method Europe-wide for major infrastructure when space allows.

What’s actually notable about the Sternbrücke
Not the method, the scale: 3,700 tons over 500 meters is near the upper limit of what’s been moved this way, likely one of the heaviest/longest such transports in Germany. The “spectacular” framing is about weight and distance, not novelty of technique.

New GitHub, PyPI Policies Hope to Boost Supply Chain Security

Posted by EditorDavid View on SlashDot Skip
“GitHub and the Python Package Index (PyPI) have introduced new policies meant to boost supply chain security,” reports SecurityWeek, “by preventing the fast propagation of poisoned package versions and the poisoning of old and long-stable releases.”
To prevent the fast delivery of malicious code through the immediate fetching of brand-new releases, GitHub has introduced a Dependabot cooldown, where the automation tool waits for at least three days after a release has been published before opening a pull request. “Waiting a few days before adopting a new release gives maintainers, security researchers, and automated scanners time to spot a malicious version and get it pulled before it ever reaches your pull requests,” GitHub explains.

The three-day cooldown only applies to non-security version bumps, and the behavior can be modified through the configuration option in the dependabot.yml. “Three days as the default balances two goals: it pushes you past the window where most of these attacks live, and it doesn’t hold your dependencies back longer than necessary,” GitHub notes.
And the Python Package Index (PyPI) “now rejects new files being uploaded to releases that are older than 14 days,” according to a recernt blog post from the Python Software Foundation’s security developer-in-residence Seth Larson:
This restriction was put in place to prevent old and long-stable releases from being poisoned in case publishing tokens or workflows of PyPI projects were compromised… The discussion of this behavior began during PEP 740 (Digital Attestations) back in January 2024. The discussion was restarted in March 2026 after the popular packages LiteLLM and Telnyx were compromised. These packages were compromised due to a "mutable reference" in these projects’ usage of the Trivy GitHub Action…

To quantify how disruptive this change would be to existing workflows, the PyPI database was queried for projects that have published new files to old releases[O]nly 56 projects of 15,000 had published a [Python] 3.14-compatible wheel more than 14 days after a release was available. This topic was brought to the Packaging Summit at PyCon US 2026 by PyPI Safety & Security Engineer, Mike Fiedler. The rough consensus of the discussion was that the summit attendees thought it was “acceptable to require users to bump to the next version” to support new Python versions. With the data and consensus in hand, Seth moved forward with a patch to reject new files on old releases which was merged July 8th, 2026.

Cool..

By Junta • Score: 3 Thread

The three-day cooldown only applies to non-security version bumps

So I guess a supply chain attack now needs to flag the version bump as ‘security’ then.

No.

By Gravis Zero • Score: 3 Thread

Neither of these systems were designed to be secure software distribution systems, they were designed to be repositories for software development. Idiots decided, “hey, let’s also build and distribute software using repositories meant for software development” and it went to shit as they should have expected. It bears repeating, these are not secure software distribution systems. Everyone needs to get a grip and stop pretending that they are and thus stop using them as such.

Used EV Prices are Now Going Up in America

Posted by EditorDavid View on SlashDot
Electric vehicles have historically been “notorious” for losing their resale value, reports CNBC. But this year prices for used EVs in the U.S. “are up 5.1% from January to June 2026, according to a Recurrent analysis published this month.”
The trend continued into the second half of the year: Prices are up 7% year to date through mid-July, it said. Recurrent compared EVs according to the same make and model year across 108 combinations and weighted price growth according to inventory volume. “Used EVs are appreciating, which almost never happens,” according to an e-mailed Recurrent statement about the analysis. Other auto analysts found a similar trend…

Price growth for used EVs has been broad-based, said Stephanie Valdez Streaty, the director of industry insights at Cox Automotive, a market research firm. Twenty-one of the 25 used EV models with the highest sales volume increased in price between January and June this year, she said… [T]he price growth for used EVs this year has been all the more surprising because it has happened despite a high supply of used EVs hitting the market — which, all else being equal, would generally cause prices to fall, experts said…

There are several factors juicing consumer demand for used EVs, experts said. Among them are high gasoline prices due to the Iran war, which have pushed more consumers to consider fuel-efficient options, experts said… Overall affordability is another big factor, against a backdrop of inflation that has remained above policymakers’ target of 2% for five or so years, auto experts said. The dynamic has pushed more consumers toward the used car market more broadly.
Two interesting statistics from the article:

Re:Well yeah

By Sique • Score: 5, Insightful Thread
No one is actually pulling out. The U.S. has made it harder for foreign companies to import them. But there are still domestic manufacturers of EVs, like Tesla, Ford and Stellantis. This is something very else: For the last decade, one big argument against EVs was “bad resale value”, because EVs were seen as a novelty, and fear for dead batteries, fueled by the problems with first gen Nissan Leafs, made buyers wary of used EVs. Additionally, there were not many used EVs on the market to begin with, fleet operators did not have many young EVs to sell, and prices did not really average out yet.

Now, demand for EVs is rising due to high fuel prices, and a good public charging network making EVs a viable alternative for many people. And also people looking for bargains are hitting the market, and with used batteries not being the problem they were thought to be, used EVs have its own value proposition. We have here the normal effect of demand rising more than the available supply.

Re:Well yeah

By 4wdloop • Score: 5, Insightful Thread

And more demand, due to gas prices. Thanks go to the president for making electric cars more desirable.

No subsidy.

By kamapuaa • Score: 5, Interesting Thread

Before September 2025, the government was throwing in $7,500, and maybe your state government was kicking in a few thousand extra, and then the local utility maybe was subsidizing your charger. So your $45k Tesla was effectively selling for $35k. Of course nobody is going to buy a used Tesla for $33k when a new one is selling for $35k, but the depreciation was still being taken as if a $45k vehicle was selling for cheap. What we’re seeing isn’t as much a change in demand for EVs, as much as seeing that removing government subsidies has normalized the used car market.

I remember buying an egolf back in 2015, I paid like $21k after subsidies. This was a good price, but that basic value held true for a number of years. Used price was great, for many years I could have sold it for $15k+, and it even went over $21k during 2022 due to supply side issues. But articles talking about used value mentioned that the egolf used value had tanked, going for $37k to $18k. But really that was a 10% drop, because if it went down a normal 30% or whatever you’d literally be buying a used car for more than you would spend on a new one!

The numbers are often taken from sticker price (the article itself doesn’t discuss how it got its numbers). But of course many cars sell for under sticker price…or in 2022, during supply chain shortages, were actually selling for $5,000 above sticker price. Now that we’re mostly over the supply chain issues, these cars are going to see an additional $5,000 drop in used value. But it seems statistically unuseful to account for a one-time extraordinary industry issue.

Re:Well yeah

By CohibaVancouver • Score: 5, Informative Thread

Additionally, there were not many used EVs on the market to begin with

The other consideration is people aren’t switching up their EVs. The first-generation EVs definitely had problems (Nissan Leaf, Kia Soul etc.) but the second generation cars are well designed.

My 2nd-gen EV just hit the 7-year mark. It is still running as well as when I drove off the lot, with next-to-no battery degradation. So I have ne need or desire to trade it in.

Re:Well yeah

By CohibaVancouver • Score: 5, Informative Thread

Can even be charged on a standard plug.

I’ve had my EV seven years. I’ve only ever charged it on a “standard plug.”

It typically adds ~80km overnight, which is more than enough based on our driving profile.