Nothing to do with being cattle. If you embarrass the company you work for in a way that gets global attention, to the point where the CEO has to come back from holiday, then expect to lose your job. After all it's only your job because they give it to you.
That has nothing to do with being cowed but with simple corporate reality. To deny this reality is not brave. To acknowledge it does not mean you're cowed.
I've actually worked in the nuclear fuel industry. So I know a little bit about dealing with that sector. Thanks to many factors, nuclear is a politically very sensitive topic. Even fairly innocent projects can take years of political maneuvering before anything gets actually off the ground. So what typically happens is that an initial study is done to figure out what the project will cost.
These numbers are then put into a budget request and made part of a political agenda. At that point you get the usual cow trading, political posturing and dealing with environmental action committees. Keep in mind that at this point, there are still no vendor contracts because nothing is set in stone and the future of the project is still unclear. For the building of a nuclear reactor which noone wants in their beack yard, this stage can take many years. Eventually the deal is struck and X billion dollars are allocated in the overall budget.
And that is when the actual work starts and actual contracts are to be signed. And that is when the project team discovers things like alloys no longer being manufactured.
I have been lucky enough to work on software to perform data logging for the compression of nuclear fuel powder into MOX tablets. I say lucky, because I've always been interested in nuclear physics. And I can tell you that for projects that do not have to be part of a political agenda (such as mine), things can be pretty efficient and well controlled in terms of cost. Because the project is usually decided by the site board of leadership. Even pretty expensive projects can be done efficiently if the budget falls within the overal site budget.
For one thing, if projects take years and years, specialty alloys that were once available from manufacturer A may have been discontinued because the market was too small to justify keeping certain production processes running.
And by the time the project actually goes ahead, years and years after the original quote was requested, you find out that instead of buying alloy A off the shelf for the quoted price, you now need to pay a manufacturer to a) design an alterative alloy b) implement the production process c) perform all the testing, qualification and certification.
This is probably common in nuclear projects because from the political go-ahead to the actual ordering it can take many years.
Gold as a material has value. But gold bonds or gold certificates are just pieces of paper with artificial scarcity, supposedly backed by something lying in a vault from which it will never return and which you will never be allowed to see. From where I am sitting, gold is EXACTLY like bitcoin.
If you had 1 BTC, you now have 1 BTC and 1 BCC. But because BTC is still the universally accepted gold standard, it will keep most of its value or more (because now the uncertainty has ended) while BCC is regarded more or less as a speculative alt coin like there are hundreds of others.
This is also why the price of bitcoin spiked before the fork. a) people wanted to keep their coin in their private wallet so they would get their free BCC b) BCC options were traded around 400. So even if you needed to pay 200 extra for 1 BTC, the 'profit' would make up for that.
You can. If you had 1 BTC before the split, you now have 1 BTC and 1 BCC. You did get a carbon copy of your coins. Of course, just because 1 BTC trades against almost 3000$, doesn't mean 1 BCC is anything close to the same value. They're different coins, traded differently.
As religionofpeas said: financing a startup is different from starting your own business. If you are poor and have no money, you shouldn't be throwing it around as VC capital because there is a 90% chance you'll lose it all and you already had no spare money to begin with.
If I hadn't already posted I'd have modded you up. Either it is money or it is glorified pokemon cards. You can't have it both ways. Tbh I think it is good if it's going to be treated like money. I'd love for institutional money to flood in. Especially since I am already holding coin.
Oh Please, 9 out of 10 startups fail, if not more. If you are poor (or at least not rich enough to not care if the money is gone for good) then you shouldn't be funding startups.
Not really. If you throw good money at startups that don't even have a decent whitepaper, or that will only turn profitable if they somehow manage to take over the messaging world from whatsapp and messenger (the Status ICO)... that isn't a tragedy. that is stupidity. Like using your life savings to buy powerball tickets.
First, as GP stated above, the Military has to be a very cohesive bunch. In back line situations you have communal showers and bathrooms with little privacy. In front line situations, you have a canteen and hole that you dig. You put the majority of the military at a very compromising position with transgender soldiers. The twig and berries don't vanish because a person believes they are a woman, any more than breasts and bush vanish when a women believes they are man. So should the women in the military be forced to look at a twig and berries in the showers? Do you think it's fair to the men to stick a naked women who thinks they are man into a shower with them? Not that people want things to happen in either of those circumstances, but you are providing a very high risk and completely unnecessary situation for soldiers.
Actually, A friend of mine is retired RAF (UK) and she told me that there are places in UK military that have only one bathroom / shower area and that both men and women don't make a big deal out of it (I don't know what units this concerned. I think it was on boats or on subs but for the life of me I can't remember). Her reasoning was that as active military personnel, you get to know each other through thick and thin and get bloodied and beaten together. Seeing each other naked is not considered different than men seeing other men naked (or women other women).
In Europe there are plenty of places with communal shower areas. I myself have showered next to german women in an open shower area. It's only a big deal if you make it one.
When you think about it, it's no different from men showering next to gay men. When I told my colleague that the gym I go to has a semi open shower area, he said he wouldn't go there. I asked him why. He said 'imagine that you hit the shower together with X ( a gay colleague. the gym is frequented by many colleagues)' and my response was 'yeah, what of it?' I really don't care who sees me naked or who is naked in my vicinity.
Even worse... Etherium devs just keep forking the blockchain each time one of these hacks occurs. I expect they will do the same again. Ick. I suggest avoiding like the plague until they figure out how to remove the chance of bugs in smart contracts.
You know that's not true, do you? It happened once.
And that time, it was in a pre alpha project where the amount of stolen money was 14% of the total amount. Forking was fairly easy at that stage of the project, and the stakes were very high. These days, forking is not trivial anymore with the project being so big, and the amount of money stolen was a paltry couple of million.
Whisky falls under food and beverages, which is subject to a much less strict set of rules. That is why 'food safe' and 'medical grade' are 2 different things that can have a factor 10 to 100 in cost difference.
Aside from the cost of cilinical trials and effectiveness tests, everything related to potency and expiration is included on the newspaper sized piece of paper that has to be included with every package, by law. By law, anyone holding that piece of paper has to have all information in hands. You cannot retroactively update expiration info or potency info for lots that have already been released. It's not allowed.
As for updating the expiration date throughout the product lifecycle: it would be difficult, time consuming, and expensive to run those clinical trials every couple of years.
Firstly, everything related to the expiration of drugs, potency etc is required to be printed on the packaging, the blisters (if any) and the included printed piece of paper that I don't know the English name for. You know the piece of paper in 2 pt font, the size of a piece of wallpaper. That particular prodcution lot will always be covered by the set dates that were included. You can't print X on the blister but say Y on some website. Everything on that giant sheet of paper in small print is included because it has to be by law, not because we enjoy the cost of including millions of sheets of paper that noone will read in detail.
Second, while it would be possible, theoretically, to increase the limit per production lot, this would require extra clinical trials and effectiveness studies, which are extremely time consuming and expensive.
Regulations are created due to things like the thalidomide incident and the fact that the regulatory bodies create new rules to make sure that if the rules are followed, such incidents can never happen. And the reason that we follow those rules to the letter is that if we don't, the cost can easily run into hundreds of millions or even billions.
In the case of expiration dates, we have to prove that drug or device X, stored in Y conditions, still has effect Z all the way up to the expiration date. And we need to have the clinical trials and evidence to back this up. We cannot guarantee 10 years for example, because it would mean doing those trials and tests BEFORE releasing the product.
You are right, often it doesn't hurt. But there are enough cases where the potency or the health effects alter over time. So we CANNOT sell or distribute anything over date. If we do, we're back to the huge fines and lawsuits issue.
The problem is that what you suggest is not not enough for regulatory purposes. You can't say 'oh well then just do this or have people ask for that'. There are a ton of regulatory requirements on the manufacture and selling of drugs and medical devices. Companies are required by law to abide by them or risk getting shut down or lose control of your own plant. I know one place where that happened, resulting in a direct cost of a couple hundred million dollars + a hostile takeover as a result of the drop in stock value.
We follow all those 'stupid' rules because not doing so is not an option. If you want us to follow different rules, create the political momentum to change the laws that govern us.
Women want to lure men in to having sex with them. This is done for reasons of pecking order (and in this case it could result in economic benefit due to promotion) and/or a feeling of belonging somewhere and/or economic reasons and/or a desire (healthy or unhealthy) for attention. Women like workplace dating mostly because it allows them to almost entirely transcend class differences, which would be hard to do in their social circle outside work.
Yeah absolutely. That's what women do. They're just trying to catch me unawares and fall on my penis. If I'm not careful I've had 2 blowjobs before I make it out the parking lot and every time I pass by the copy machine there's a woman bent over it trying to get me to accidentally do it to her doggy style. I have to avoid elevators no matter what because they'll hit the emergency stop button and reverse gangbang me before they let me out on my floor.
They're not devaluing the coin as such. The total amount is still the same. Only instead of them owning X, they now own Y and use the difference to reimburse those people. The total in circulation is not affected.
Personally, I think those who were stupid enough to configure stop loss orders at market price and margin calls, got exactly what they asked for. But there were rumblings of class action suit. Given that crypto exchange is currently unregulated (or at least not regulated in all aspects) the legal costs would be bigger than taking this hit. And PR would be bad so they would bleed customers to other echanges.
Rationally, I think they chose the option that would be cheapest to them in the end.
These are rollbacks on exchange accounts. Those transactions never entered the blockchain. An exchange account is like an IOU while the exchange backs those IOUs with real coin in an internal wallet until such time as you send a coin transfer from your account to an external address. Only then do the transaction get recorded in the blockchain.
What GDAX is doing is simply restoring those IOUs for people whose IOUs got wiped out. At the same time, they allow the people who scooped up those IOUs for cheap to keep them, whether they are still there or not. Since part of their own assets are company owned coin (which is probably separate from the exchange hot wallet) all this means is that they suck up the financial hit for the sake of PR.
The blockchain was not altered in any way. There are no holes, and it is only possible for GDAX to reimburse the GDAX customers that were affected by the flash crash.
Unfortunately I am not rich so I cannot get a lawyer to weasel me out of that.
So I pay full income taxes and social security as a (partially )self employed person. Apple otoh only pays a minute fraction , percentagewise, because they can affor said lawyers whose lawyer friend lobbyists created a horribly complex tax system to make that possible,
When I started as the new systems engineer in our company, I was hired to become the guy in charge of the process control infrastructure running the entire pharma plant. Keep in mind we were already running operational for tens of millions per year. I was taking over from the consultants who built the place (during a transition that took a year or two iirc). First real day on the job, he created my user account, granted me enterprise domain admin and full application / db admin rights and spoke the immortal words: You're a full admin now. Don't break anything.
Good point. As governments are actively seeking to discourage cash transactions, I think electronic currencies will continue to become more and more popular
Slashdot Mirror
Nothing to do with being cattle. If you embarrass the company you work for in a way that gets global attention, to the point where the CEO has to come back from holiday, then expect to lose your job. After all it's only your job because they give it to you.
That has nothing to do with being cowed but with simple corporate reality. To deny this reality is not brave. To acknowledge it does not mean you're cowed.
I've actually worked in the nuclear fuel industry. So I know a little bit about dealing with that sector. Thanks to many factors, nuclear is a politically very sensitive topic. Even fairly innocent projects can take years of political maneuvering before anything gets actually off the ground. So what typically happens is that an initial study is done to figure out what the project will cost.
These numbers are then put into a budget request and made part of a political agenda. At that point you get the usual cow trading, political posturing and dealing with environmental action committees. Keep in mind that at this point, there are still no vendor contracts because nothing is set in stone and the future of the project is still unclear. For the building of a nuclear reactor which noone wants in their beack yard, this stage can take many years. Eventually the deal is struck and X billion dollars are allocated in the overall budget.
And that is when the actual work starts and actual contracts are to be signed. And that is when the project team discovers things like alloys no longer being manufactured.
I have been lucky enough to work on software to perform data logging for the compression of nuclear fuel powder into MOX tablets. I say lucky, because I've always been interested in nuclear physics. And I can tell you that for projects that do not have to be part of a political agenda (such as mine), things can be pretty efficient and well controlled in terms of cost. Because the project is usually decided by the site board of leadership. Even pretty expensive projects can be done efficiently if the budget falls within the overal site budget.
For one thing, if projects take years and years, specialty alloys that were once available from manufacturer A may have been discontinued because the market was too small to justify keeping certain production processes running.
And by the time the project actually goes ahead, years and years after the original quote was requested, you find out that instead of buying alloy A off the shelf for the quoted price, you now need to pay a manufacturer to a) design an alterative alloy b) implement the production process c) perform all the testing, qualification and certification.
This is probably common in nuclear projects because from the political go-ahead to the actual ordering it can take many years.
Gold as a material has value.
But gold bonds or gold certificates are just pieces of paper with artificial scarcity, supposedly backed by something lying in a vault from which it will never return and which you will never be allowed to see. From where I am sitting, gold is EXACTLY like bitcoin.
If you had 1 BTC, you now have 1 BTC and 1 BCC.
But because BTC is still the universally accepted gold standard, it will keep most of its value or more (because now the uncertainty has ended) while BCC is regarded more or less as a speculative alt coin like there are hundreds of others.
This is also why the price of bitcoin spiked before the fork.
a) people wanted to keep their coin in their private wallet so they would get their free BCC
b) BCC options were traded around 400. So even if you needed to pay 200 extra for 1 BTC, the 'profit' would make up for that.
You can. If you had 1 BTC before the split, you now have 1 BTC and 1 BCC. You did get a carbon copy of your coins.
Of course, just because 1 BTC trades against almost 3000$, doesn't mean 1 BCC is anything close to the same value.
They're different coins, traded differently.
As religionofpeas said: financing a startup is different from starting your own business. If you are poor and have no money, you shouldn't be throwing it around as VC capital because there is a 90% chance you'll lose it all and you already had no spare money to begin with.
If I hadn't already posted I'd have modded you up. Either it is money or it is glorified pokemon cards. You can't have it both ways. Tbh I think it is good if it's going to be treated like money. I'd love for institutional money to flood in. Especially since I am already holding coin.
Oh Please, 9 out of 10 startups fail, if not more. If you are poor (or at least not rich enough to not care if the money is gone for good) then you shouldn't be funding startups.
Not really. If you throw good money at startups that don't even have a decent whitepaper, or that will only turn profitable if they somehow manage to take over the messaging world from whatsapp and messenger (the Status ICO) ... that isn't a tragedy. that is stupidity. Like using your life savings to buy powerball tickets.
First, as GP stated above, the Military has to be a very cohesive bunch. In back line situations you have communal showers and bathrooms with little privacy. In front line situations, you have a canteen and hole that you dig. You put the majority of the military at a very compromising position with transgender soldiers. The twig and berries don't vanish because a person believes they are a woman, any more than breasts and bush vanish when a women believes they are man. So should the women in the military be forced to look at a twig and berries in the showers? Do you think it's fair to the men to stick a naked women who thinks they are man into a shower with them? Not that people want things to happen in either of those circumstances, but you are providing a very high risk and completely unnecessary situation for soldiers.
Actually, A friend of mine is retired RAF (UK) and she told me that there are places in UK military that have only one bathroom / shower area and that both men and women don't make a big deal out of it (I don't know what units this concerned. I think it was on boats or on subs but for the life of me I can't remember). Her reasoning was that as active military personnel, you get to know each other through thick and thin and get bloodied and beaten together. Seeing each other naked is not considered different than men seeing other men naked (or women other women).
In Europe there are plenty of places with communal shower areas. I myself have showered next to german women in an open shower area. It's only a big deal if you make it one.
When you think about it, it's no different from men showering next to gay men. When I told my colleague that the gym I go to has a semi open shower area, he said he wouldn't go there. I asked him why. He said 'imagine that you hit the shower together with X ( a gay colleague. the gym is frequented by many colleagues)' and my response was 'yeah, what of it?' I really don't care who sees me naked or who is naked in my vicinity.
Even worse... Etherium devs just keep forking the blockchain each time one of these hacks occurs. I expect they will do the same again. Ick.
I suggest avoiding like the plague until they figure out how to remove the chance of bugs in smart contracts.
You know that's not true, do you?
It happened once.
And that time, it was in a pre alpha project where the amount of stolen money was 14% of the total amount. Forking was fairly easy at that stage of the project, and the stakes were very high.
These days, forking is not trivial anymore with the project being so big, and the amount of money stolen was a paltry couple of million.
Whisky falls under food and beverages, which is subject to a much less strict set of rules. That is why 'food safe' and 'medical grade' are 2 different things that can have a factor 10 to 100 in cost difference.
Aside from the cost of cilinical trials and effectiveness tests, everything related to potency and expiration is included on the newspaper sized piece of paper that has to be included with every package, by law. By law, anyone holding that piece of paper has to have all information in hands. You cannot retroactively update expiration info or potency info for lots that have already been released. It's not allowed.
As for updating the expiration date throughout the product lifecycle: it would be difficult, time consuming, and expensive to run those clinical trials every couple of years.
That would be hard to do for 2 reasons.
Firstly, everything related to the expiration of drugs, potency etc is required to be printed on the packaging, the blisters (if any) and the included printed piece of paper that I don't know the English name for. You know the piece of paper in 2 pt font, the size of a piece of wallpaper. That particular prodcution lot will always be covered by the set dates that were included. You can't print X on the blister but say Y on some website. Everything on that giant sheet of paper in small print is included because it has to be by law, not because we enjoy the cost of including millions of sheets of paper that noone will read in detail.
Second, while it would be possible, theoretically, to increase the limit per production lot, this would require extra clinical trials and effectiveness studies, which are extremely time consuming and expensive.
Regulations are created due to things like the thalidomide incident and the fact that the regulatory bodies create new rules to make sure that if the rules are followed, such incidents can never happen. And the reason that we follow those rules to the letter is that if we don't, the cost can easily run into hundreds of millions or even billions.
In the case of expiration dates, we have to prove that drug or device X, stored in Y conditions, still has effect Z all the way up to the expiration date. And we need to have the clinical trials and evidence to back this up. We cannot guarantee 10 years for example, because it would mean doing those trials and tests BEFORE releasing the product.
You are right, often it doesn't hurt. But there are enough cases where the potency or the health effects alter over time. So we CANNOT sell or distribute anything over date. If we do, we're back to the huge fines and lawsuits issue.
Disclosure: I work in big pharma.
The problem is that what you suggest is not not enough for regulatory purposes. You can't say 'oh well then just do this or have people ask for that'. There are a ton of regulatory requirements on the manufacture and selling of drugs and medical devices. Companies are required by law to abide by them or risk getting shut down or lose control of your own plant. I know one place where that happened, resulting in a direct cost of a couple hundred million dollars + a hostile takeover as a result of the drop in stock value.
We follow all those 'stupid' rules because not doing so is not an option. If you want us to follow different rules, create the political momentum to change the laws that govern us.
Women want to lure men in to having sex with them. This is done for reasons of pecking order (and in this case it could result in economic benefit due to promotion) and/or a feeling of belonging somewhere and/or economic reasons and/or a desire (healthy or unhealthy) for attention. Women like workplace dating mostly because it allows them to almost entirely transcend class differences, which would be hard to do in their social circle outside work.
Yeah absolutely. That's what women do. They're just trying to catch me unawares and fall on my penis. If I'm not careful I've had 2 blowjobs before I make it out the parking lot and every time I pass by the copy machine there's a woman bent over it trying to get me to accidentally do it to her doggy style. I have to avoid elevators no matter what because they'll hit the emergency stop button and reverse gangbang me before they let me out on my floor.
It's horrible.
They're not devaluing the coin as such. The total amount is still the same. Only instead of them owning X, they now own Y and use the difference to reimburse those people. The total in circulation is not affected.
Personally, I think those who were stupid enough to configure stop loss orders at market price and margin calls, got exactly what they asked for. But there were rumblings of class action suit. Given that crypto exchange is currently unregulated (or at least not regulated in all aspects) the legal costs would be bigger than taking this hit. And PR would be bad so they would bleed customers to other echanges.
Rationally, I think they chose the option that would be cheapest to them in the end.
These are rollbacks on exchange accounts. Those transactions never entered the blockchain. An exchange account is like an IOU while the exchange backs those IOUs with real coin in an internal wallet until such time as you send a coin transfer from your account to an external address. Only then do the transaction get recorded in the blockchain.
What GDAX is doing is simply restoring those IOUs for people whose IOUs got wiped out. At the same time, they allow the people who scooped up those IOUs for cheap to keep them, whether they are still there or not. Since part of their own assets are company owned coin (which is probably separate from the exchange hot wallet) all this means is that they suck up the financial hit for the sake of PR.
The blockchain was not altered in any way. There are no holes, and it is only possible for GDAX to reimburse the GDAX customers that were affected by the flash crash.
There are hundreds of applications where a publicly viewable transaction history is a good thing, even for freedom loving individuals.
I also want to pay reasonable taxes.
Unfortunately I am not rich so I cannot get a lawyer to weasel me out of that.
So I pay full income taxes and social security as a (partially )self employed person. Apple otoh only pays a minute fraction , percentagewise, because they can affor said lawyers whose lawyer friend lobbyists created a horribly complex tax system to make that possible,
Because C level guys' behavior is always beyond repoach. True upstanding citizens? :)
LOL
When I started as the new systems engineer in our company, I was hired to become the guy in charge of the process control infrastructure running the entire pharma plant. Keep in mind we were already running operational for tens of millions per year. I was taking over from the consultants who built the place (during a transition that took a year or two iirc). First real day on the job, he created my user account, granted me enterprise domain admin and full application / db admin rights and spoke the immortal words: You're a full admin now. Don't break anything.
Good point. As governments are actively seeking to discourage cash transactions, I think electronic currencies will continue to become more and more popular