I was cleaning out my grandmother's house and found the glassware set from her wedding. The glasses were tiny! My family discussed keeping them, but didn't for two reasons.
Nobody uses glasses that small anymore. I don't know how anyone did in those days. They were like shot glasses.
They were monogrammed, and they had only daughters. So the family name was dead.
First of all, Amazon is increasingly delivering their own packages. Secondly, UPS/Fedex drivers are treated like shit too.
I know some UPS employees. While it's a demanding job, they are also members of the Teamsters Union. They have significant protections against unfair labor practices. They can also make some pretty good money. Some drivers bring in six figures if they work enough overtime and have seniority.
There aren't many places where you can make that much money without a college education.
It is failing for many other reasons, such as high transaction costs, but fundamentally the stability is not a failure of bitcoin.
The transaction barriers are certainly a big factor too. Currency is supposed to have high liquidity. The way transactions are processed are a major obstacle to liquidity.
No Supply and Demand determine the price, not the stability.
Right. That's what I meant. Stable supply and demand make a stable currency. Large trading volumes (I think that's what you mean) are typically an indicator of stability. However, prices can fluctuate wildly even on large trading volumes if supply and demand aren't matched.
Stock markets typically trade in extremely large volumes, and they occasionally have times of extreme volatility. (anything, including stocks can be considered currency if you think about it. Currency is just a social contract)
It may not just be about the money. The rules for posting on Patreon are more relaxed than other platforms. Some posters find that appealing. I know that's true for AvE, and Cody's Lab.
That's it. If a lot of commerce was being done in Bitcoin, and the supply wasn't large enough, deflation would still be a problem. That's the advantage of Fiat money. The government backing it can add and remove from the money supply to stabilize prices.
The value of a Bitcoin is increasing so rapidly, people don't want to spend them. That is a recipe for a failed currency.
This was one of the reasons currency was eventually decoupled from gold and silver.
I suppose the Bitcoin bubble is an extreme example of the advantages of fiat currency over precious metals. By controlling the money supply, prices are stabilized.
That's the point of TFA. Valve no longer sees Bitcoin as a viable for commerce. In order for a currency to function, it's value has to be stable. Bitcoin is very unstable.
If a currency no longer facilitates commerce, is it still a currency?
I do think it's a great experiment in economics. It would be nice if the information from this experiment could be used to create algorithms that can adjust the money supply without human intervention.
I would suggest a repeat of this experiment with a much larger pool of coins, that are easier to mine. However, I fear the pool of coins would have to be infinite, and the resources consumed would be unacceptable.
Currency should have a stable value compared to the rest of the goods in the marketplace. We typically see currencies fail due to rapid inflation. Where the currency loses value rapidly compared to the rest of the goods in the marketplace. This may be the first time we see a currency fail due to rapid deflation.
Only if you buy a real Keurig, and buy the little plastic cups instead of grinding beans and brewing in reuseable cups.
A) There was a time when you couldn't do that with the Keurig 2.0
B) There are plenty of other coffee makers that come with "reusable cups" (they call them filters) from the factory.
This is how a healthy employee/manager relationship should be. Once the goals of the company are communicated, the manager should be able to trust that the employee will work to achieve those goals. The manager should then focus on removing obstacles to the employee's success. Essentially, the manager works for their employees
Micromanaging is a symptom of low trust in the employee/manager relationship.
The things they learn from launching FH will probably help them a lot putting BFR together. The fact that it turns out to be this hard for them to develop FH means that they probably could use the experience before scaling up.
From what I have read, what they learned was adding outboard boosters is a bad idea. They thought they could just strap three Falcon 9's together and get a massive increase in capacity. Turns out that's really inefficient. Most of the complexity is in the need to consume all of the fuel in the outboard boosters without using the fuel in the central booster in order to get the efficiency they wanted.
How can you feed the program "known samples" that can evaluate that it produced correct results of the probabilities for the particular samples used in the case? (One sample was reported as having "a one in 211 quintillion chance that it originated from someone else".)
I am not an expert in the field. However, I propose the following tests:
Two samples from the same person
Samples from siblings. As they should share some DNA
Samples from completely unrelated people, proven with ancestry.
Samples from the same person, but one of the samples is damaged. (contaminated, small sample, etc.)
These tests should be repeated many times to form a statistical profile, and then compared to the output of the software.
The code should be evaluated or the tool should be banned from court. The company doesn't like it? Too bad. They don't have to sell to the forensic lab/law enforcement market.
Arguably, the program can be evaluated without the source code. Simply use known samples and examine the output. Do the results of the analysis match what was known about the samples?
This testing would have to be performed by a neutral third party of course.
There is no way that a man who has devoted his life to preserving the earth's resources created a currency that consumes them at an exponentially increasing rate.
Either that, or he created his companies as a way to make amends for his mistake...
If you want to add exterior lighting to your home, there is pretty much just "flood" style lights on the market. These lights shine at a very wide angle, meaning most of it is wasted. Even if you want to buy better light fixtures, they are very hard to find.
Slashdot Mirror
If you are really that concerned about it. You can try getting into the mathematics of sports.
After that, it was all about fucking with them. Times already wasted, might as well make something of it.
That sounds like fun. Any stories?
I wonder what would happen if you manipulated your appearance to try to fool this device? Maybe draw two dots below my eyes to confuse the algorithm.
First of all, Amazon is increasingly delivering their own packages. Secondly, UPS/Fedex drivers are treated like shit too.
I know some UPS employees. While it's a demanding job, they are also members of the Teamsters Union. They have significant protections against unfair labor practices. They can also make some pretty good money. Some drivers bring in six figures if they work enough overtime and have seniority.
There aren't many places where you can make that much money without a college education.
It is failing for many other reasons, such as high transaction costs, but fundamentally the stability is not a failure of bitcoin.
The transaction barriers are certainly a big factor too. Currency is supposed to have high liquidity. The way transactions are processed are a major obstacle to liquidity.
No Supply and Demand determine the price, not the stability.
Right. That's what I meant. Stable supply and demand make a stable currency. Large trading volumes (I think that's what you mean) are typically an indicator of stability. However, prices can fluctuate wildly even on large trading volumes if supply and demand aren't matched.
Stock markets typically trade in extremely large volumes, and they occasionally have times of extreme volatility. (anything, including stocks can be considered currency if you think about it. Currency is just a social contract)
It may not just be about the money. The rules for posting on Patreon are more relaxed than other platforms. Some posters find that appealing. I know that's true for AvE, and Cody's Lab.
Sounds like the airlines don't want people to find out where all of the lost luggage goes!
That's it. If a lot of commerce was being done in Bitcoin, and the supply wasn't large enough, deflation would still be a problem. That's the advantage of Fiat money. The government backing it can add and remove from the money supply to stabilize prices.
The value of a Bitcoin is increasing so rapidly, people don't want to spend them. That is a recipe for a failed currency.
Deflation crises were common when currency was linked to precious metals. https://en.wikipedia.org/wiki/...
This was one of the reasons currency was eventually decoupled from gold and silver.
I suppose the Bitcoin bubble is an extreme example of the advantages of fiat currency over precious metals. By controlling the money supply, prices are stabilized.
Is there actual commerce happening with Bitcoin?
That's the point of TFA. Valve no longer sees Bitcoin as a viable for commerce. In order for a currency to function, it's value has to be stable. Bitcoin is very unstable.
If a currency no longer facilitates commerce, is it still a currency?
I do think it's a great experiment in economics. It would be nice if the information from this experiment could be used to create algorithms that can adjust the money supply without human intervention.
I would suggest a repeat of this experiment with a much larger pool of coins, that are easier to mine. However, I fear the pool of coins would have to be infinite, and the resources consumed would be unacceptable.
Currency should have a stable value compared to the rest of the goods in the marketplace. We typically see currencies fail due to rapid inflation. Where the currency loses value rapidly compared to the rest of the goods in the marketplace. This may be the first time we see a currency fail due to rapid deflation.
Only if you buy a real Keurig, and buy the little plastic cups instead of grinding beans and brewing in reuseable cups.
A) There was a time when you couldn't do that with the Keurig 2.0
B) There are plenty of other coffee makers that come with "reusable cups" (they call them filters) from the factory.
The coffee shop explosion is one of the great rip-offs of our age
At least someone makes the coffee for you. I'd argue Keurigs are a far bigger ripoff.
This is how a healthy employee/manager relationship should be. Once the goals of the company are communicated, the manager should be able to trust that the employee will work to achieve those goals. The manager should then focus on removing obstacles to the employee's success. Essentially, the manager works for their employees
Micromanaging is a symptom of low trust in the employee/manager relationship.
The things they learn from launching FH will probably help them a lot putting BFR together. The fact that it turns out to be this hard for them to develop FH means that they probably could use the experience before scaling up.
From what I have read, what they learned was adding outboard boosters is a bad idea. They thought they could just strap three Falcon 9's together and get a massive increase in capacity. Turns out that's really inefficient. Most of the complexity is in the need to consume all of the fuel in the outboard boosters without using the fuel in the central booster in order to get the efficiency they wanted.
How can you feed the program "known samples" that can evaluate that it produced correct results of the probabilities for the particular samples used in the case? (One sample was reported as having "a one in 211 quintillion chance that it originated from someone else".)
I am not an expert in the field. However, I propose the following tests:
These tests should be repeated many times to form a statistical profile, and then compared to the output of the software.
I've been calling that stuff pollution for years. Mostly because I don't like cleaning it up.
The code should be evaluated or the tool should be banned from court. The company doesn't like it? Too bad. They don't have to sell to the forensic lab/law enforcement market.
Arguably, the program can be evaluated without the source code. Simply use known samples and examine the output. Do the results of the analysis match what was known about the samples?
This testing would have to be performed by a neutral third party of course.
Yo bro, companies are people too!
As idiotic as it is...this is the world we live in.
No.
There is no way that a man who has devoted his life to preserving the earth's resources created a currency that consumes them at an exponentially increasing rate.
Either that, or he created his companies as a way to make amends for his mistake...
We share MATLAB code in my company all of the time. That's why Mathworks makes a compiler.
I really don't want to dig up my yard to install those options. That would be extremely expensive.
If you want to add exterior lighting to your home, there is pretty much just "flood" style lights on the market. These lights shine at a very wide angle, meaning most of it is wasted. Even if you want to buy better light fixtures, they are very hard to find.