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User: Colin+Smith

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Comments · 6,373

  1. Re:and who ISN'T going to pay up? on Swiss Banks Making Concessions On Secrecy · · Score: 1, Insightful

    Anything that allows people to dodge taxes and profit from crimes is a bad thing, full stop.

    Freedom.

     

  2. Please define "valuable information" on Data Mining Moves To Human Resources · · Score: 1

    All this means is that the people emailing links to porn sites will get the first promotions.

     

  3. Average the images on Original Shakespeare Portrait Discovered, Disputed · · Score: 1

    Normalise the sizes. Pick points on the images which mark particular features (corner of eye for instance) and then average them to reduce the errors.

    e.g.
    http://www.faceresearch.org/demos/average
     

  4. Sequestration on it's own is dumb on How the Economy Is Changing Clean Energy · · Score: 1

    The key to clean coal is not sequestration, but making coal power stations 90% efficient, rather than just 37%.

    And this is only achievable through District Heating and District Cooling.

    http://en.wikipedia.org/wiki/District_heating

     

  5. So now you have a project plan on French Police Save Millions Switching To Ubuntu · · Score: 4, Interesting

    1: Switch your applications to Open Source.
    2: Switch your operating systems.

    And ironically, the best way to switch people away from Windows is to port free and open source applications to the platform.
     

  6. Lack of money causes unemployment... No? on UK To Mull High Video Game Taxes — To Fight Knife Crime · · Score: 1

    But, money is a man made concept. It's just paper, or bits on a computer. How can there possibly be a lack of money?

    The problem is then with the nature of money.

    Silvio Gesell has an interesting take on the subject.

     

  7. Re:charging on New Electrode Lets Batteries Charge In 10 Seconds · · Score: 1

    If you want that in 10 seconds, you'd need a 9 Megawatt outlet.

    Ah, now I have a reason to build and market personal thorium fast breeder reactors.

     

  8. The grid could use it to buffer demand on New Electrode Lets Batteries Charge In 10 Seconds · · Score: 1

    ACP or someone were looking at using car batteries to buffer high demand with base load. It would mean the electricity producers wouldn't need to have excess plant idling during low loads simply to deal with peak periods.

  9. Right... Non OPEC oil peaked in 2004 on National Ignition Facility Fires 192-Beam Pulse · · Score: 1, Informative

    It looks like Saudi peaked in 2005. Virtually all of the anthracite coal is already gone leaving only the lower grades. Renewables are only capable of making up a fraction of current energy usage. Which means we're just about to fall off the energy cliff. Not in 20 years, but now.

    Why are Iran building nuclear reactors? Their oil is already running out. Where will the next war zones be? Canada, Australia, Khazakstan.
     

  10. It's worse on Windows than Linux. on Living Free With Linux, Round 2 · · Score: 1

    It's that you need to know what you want to install

    That can only be fixed by asking, no matter the platform. This isn't a Linux only phenomenon.

    It's even worse on Windows than Linux because there aren't even any central repositories to search, and the only "well known" packages are Microsoft and expensive.

    Lets take an example. I want to learn German. What's a good software package to help with that? I have no clue, you have no clue and I can't even search for "learn language" in a centralised repository to find something. Doing so in Synaptic turns up a couple of flash card systems and vocabulary trainers. Nothing remotely as sophisticated as Auralog, but they're there a click away and free.

    With Windows I have to Google for it exactly as I have to on Linux.
     

  11. Backup your important data. on What To Do With Old USB Keys, Low-Capacity Hard Drives? · · Score: 1

    Oh wait. Dumb idea.

     

  12. Exoskeletons will be of little value to soldiers on Human Exoskeletons Getting Closer · · Score: 2, Insightful

    The power requirements mean it will have to dissipate huge amounts of heat, generate lots of noise which means it'll essentially be carrying a "shoot me!" sign and individuals without any form of body power assist can already kill tanks, bring down helicopter gunships etc.

    As a form of fork lift I can see some advantages in logistics, but not on the sharp end of a military.
     

  13. If it's self encrypting and self decrypting on Self-Encrypting Hard Drives and the New Security · · Score: 4, Funny

    How will you know if your data was encrypted?

     

  14. Even crazier on US Cybersecurity Chief Beckstrom Resigns · · Score: 0, Offtopic

    Giving your money supply completely over to money lenders. Doh!

  15. You probably just need a server. on Can SSDs Be Used For Software Development? · · Score: 1

    Something that'll handle 30+Gb of RAM. Then it pretty much doesn't matter.

     

  16. Re:It wasn't li's fault because money is broken. on The Formula That Killed Wall Street · · Score: 1

    You assume that there is a finite amount of money in the system and that it never increases at all, yet new resources are constantly being mined, produced, farmed, and created.

    Read what you just wrote.

    Now, what are resources? They are land, crops, ores, are they not? They are commodities. They are not money.

    Where does the money come from?
     

  17. Re:It wasn't li's fault because money is broken. on The Formula That Killed Wall Street · · Score: 1

    Exactly. A legalised (300 year old) Ponzi scheme. That's banking.
     

  18. Re:It wasn't li's fault because money is broken. on The Formula That Killed Wall Street · · Score: 1

    Real dollars.

    Growth IS inflation. It's that simple.

     

  19. Re:Yes, it bloody well is. on The Formula That Killed Wall Street · · Score: 1

    No. I'm asking where does the money come from. You can value your service at anything you like. Where does the money to pay for that service come from?
     

  20. Re:Yes, it bloody well is. on The Formula That Killed Wall Street · · Score: 1

    the money almost certainly comes from someone else's debt.

    So there is what? An external source of money and debt entering this closed economic system?

     

  21. Re:Yes, it bloody well is. on The Formula That Killed Wall Street · · Score: 1

    The money in the above economy comes from being able to grow food/produce energy and to be able to do something with it (cook the meal).

    Oh... My... God...

    Where does the MONEY come from. Where does the 2 dollars your example come from?

    You're standing there with a sandwich. You want to sell it because you have no money.
    Along comes hungry person also with no money. Where does the money to sell the sandwich come from?

    It isn't there until the money is borrowed into existence.

    Said hungry person goes to a bank. Bank creates 1 dollar of credit by writing it into his account. The bank demands 2 dollars in return.

    No matter how much work is done. No matter how many sandwiches or however many economic transactions. That second dollar cannot be paid back because it doesn't exist. Even if that dollar of credit is used to pay part of the debt, it simply vanishes and the total debt is reduced to 1 dollar. There is now NO money and 1 dollar of debt. In order to pay that 1 dollar of debt, at least 1 more dollar (plus interest) must be borrowed into existence. Exponential growth.

    It doesn't make a blind bit of difference how hard you work. How clever you are, how efficient you are, there is always more debt than there is money.

    There are only a couple of ways out. 1. Bankruptcy (monetary collapse). 2. Creation of non debt based money.

  22. Re:Yes, it bloody well is. on The Formula That Killed Wall Street · · Score: 1

    As long as I get paid a billion dollars, and my rent, food, utilities and entertainment cost $999m

    Go plot an exponential curve. See it getting steeper? Exponentials always hit a limit in the real world. They simply cannot continue indefinitely, and when it does hit that limit (whatever it is), the system collapses. You are watching that happen right now.

    THAT'S WHAT.
     

  23. Yes, it bloody well is. on The Formula That Killed Wall Street · · Score: 1

    Jesus Christ, people keep throwing this around. It bloody IS exponential, why are all the bloody graphs exponential if the function isn't exponential?

    Debt pays interest as a percentage per unit time. That is an exponential function.

    In your model. WHERE DOES THE MONEY COME FROM? Not the food. Not the energy, not the leftovers. Where does the MONEY come from? Where does the 2 dollars come from which you promise to repay? It is BORROWED INTO EXISTENCE WITH DEBT ATTACHED.
     

  24. It wasn't li's fault because money is broken. on The Formula That Killed Wall Street · · Score: 4, Insightful

    It has been broken since 1694.

    Credit is an exponential function. Go check the national debt (in any country) for the last couple of centuries. It's an exponential growth curve. Credit has an exponential function built in to to it. When credit is created, it is created with an equivalent amount of debt attached, which pays interest.

    So you have : credit on one side | debt + interest on the other.

    So in order to work AT ALL, the supply of credit must grow exponentially every year to pay the interest on the previous year's debt. If it doesn't, there is a monetary collapse as the debt consumes the credit.

    Li's function simply allowed the process to continue until they ran out of people to lend money to. The problem has been there as long as money lenders.

     

  25. Well... They need all the money they can get on UK Government Boosts Open Source Adoption · · Score: 5, Funny

    So that they can give it to the poor destitute W^HBankers.