Errr – no, or not very much. About 5% of gold production goes into manufacturing. We could close down all gold mines and use our reserve for centuries before we would need to start mining again. About half is bought as bullion and about half is bought for jewelry – which for a lot of people is the same thing as bullion.
That is not quite true – we can’t measure value but we can measure dollars. If I am promised to be paid $110 a year from now, and the time value of money for me is 10%, then the intrinsic is 100 – in dollars.
We may debate what value is and how that links to dollars. It can’t be measured directly, how to measure inflation / deflation, etc. However, currency (be it dollars, gold, of BitCoins) has no intrinsic value. If I have a 100 units of currency today, and I have a 100 units of currency in a year, then the time value of money just falls apart.
BoA was one of the more responsible players. They were conservative and had cash so when the shit hit the fan they had the spare cash to buy Merrill Lynch and Countrywide, to institutions that were not responsible and in Countrywide perhaps criminal. BoA is currently regretting the purchase of that one.
I think you mean “mutual” if we are going to compare apples to apples and not to oranges. I have not read the brief, but I am going to assume that it was issued by the investment bank side, a.k.a. the stocks and bond people, a.k.a. Merrill Lynch. These people don’t offer much in the way of traditional banking services.
On the investment side you choices are pretty limited. There are mutual which are member owned. And don’t confuse mutual with mutual funds. Fidelity is a for profit corporation that offers mutual funds. Vanguard is a mutual that offers mutual funds. Think Mutual of Omaha, etc.
Unfortunately mutuals tend not to do much in the way of investment research – such as the value of BitCoins.
ummmm.... Moore's law mentions cost and speed explicitly The rule is, every 2 years, twice as many transistors at 1/2 the cost. If transistor density doubles the speed doubles - more or less - more true in the 70s then today.
No, you are still upgrading at the same rate. Except now, because more and more stuff is being pushed out onto the web, it is the servers that are being upgraded. So it is transparent to you. Oh, and phones too.
Maybe.
In some version, yes, it was only gamma radiation.
In other Banner had a latent mutant which is what allowed him to convert the energy.
In others it was a medical experiment where a bastard version of the super solider serum was used or the gamma radiation was targeted to specific brain areas.
Let’s see – “normal German wages” is what? No minimum wage. Over a million earn less than 5 euro an hour. And you can’t buy (and thus play) Castle Wolfenstein?
I kid, of course. Seasteadings only works if one is hard core liberation. It is more of a philosophical statement (or is it theological statement?) then a rational economic plan.
The short answer is to follow the hierarchy and document everything. Document that you told your boss – that’s CYA.
Then go to your boss’s boss. Try that. Try to be constructive and offer solutions or at least avenues that should be pursued. Don’t offer specifics – that is somebody else job or a project in of itself. If you have to go negative, don’t tear down your boss, tear down the system.
Next step is fuzzier. Maybe your boss’s boss’s boss. Maybe Legal. But the steps are basically the same.
Finally, if all other steps fail, as a last resort, call the anonymous hotline. If you do work for a public company there should be a phone number that you can call. It should go to a outside group that reports to the board, not to the C-Level people. In theory it should be anonymous and they can’t penalize you for whistleblowing. Some organizations do this better than others.
Well, the water fountain was designed and installed for free water. And there are outlets in public places for free electricity to top off one’s phone. But I don’t think that was the case here. I see this as more akin to your next door neighbor running an extension line over to your home to borrow a little electricity – and failing to tell you. It might be for only a small amount but it is not good behavior. I think that a stern warning might have been better unless it was a chronic problem.
I personally believe in the free market and capitalism and that it can solve this problem. If manufacturing costs drop to something close to zero, then the cost of making robots drop to something close to zero, so everybody will own a robot.
I am saying this a bit tongue in cheek. There will be bottle necks and not everybody will be in the top 1% - it just I don’t expect the bottle necks to be who owns the robots.
I think you mean the late 1700's. In 1800 90% of US population were farmers. By 1900 farm popultion was under 40%.
And while I agree with you point, I will acknowledge that transformation can be a bitch for those who undergo it. And I would argue for faster, not slower, transformation.
O.K., you are going to need to help me out with my ignorance. I get the physics of why mid-mounted engines are better, but what is the logic in not having stability control? If I understand it correctly (which I may not) stability control stops you from doing stupid things like skidding. And while skidding is fun there are better and faster ways of handing a turn.
I can see why this might be banned for racing. Racing is supposed to test the driver’s skill and when the computer has better skill then the drive it is less of a test. But on a street legal car?
Yes, but some cars are more forgiving. Some systems have more fault tolerances, have negative feedback loops to limit bad behavior, etc.
A great example is that the car lacked stability control? Can anybody give me a reason not to have stability control where that reasons does not contain “fun” or “because”? (which might be sufficient – just looking for any other reasons.)
I don’t know about you, but when I plan a road trip or plan to hit multiple locations in a single trip I plan out my route. I then check my route as I go along. Don’t do things on the fly, don’t do things from memory.
Most medical errors at not the big things, it is failing to execute on the small things. Checklist move anesthesiologist from one of the most error prone (i.e. high rate of malpractice suits) to one of the least error prone. (not sure if google glasses is the way to go, but it is intresting.)
Hmmm. That’s odd. All States have land grant colleges and all land grant colleges have courses in animal husbandry. So it can’t be a general principal. Do you know that ban cats specifically?
1. Might be right but it does not explain why Bezos is doing it now. Announcing a pie in the sky moon shot is not going to do anything about its perception today. It won’t move stock prices (or, if it does, it will be down) and it won’t change from whom I order today. Yeah, it will have a little halo effect, but not much.
2. Amazon already has a choice between at least 3 different shippers fighting for their business. That a much more effective that a alternative delivery method which may pop up in 4 years’ time. More likely 10.
I am going with a moon shot. A high risk, high reward kind of thing. Amazon has the cash to indulge in these types of activities. Plus we know Bezos likes robots. Amazon bought a pick and pack robot company about 2 years ago.
I would argue that they did a lot of great basic science. The type of science for knowledge sakes, which tends to lead to commercial discovers 10 to 20 years later. And yeah, it is hard to qualify. And yeah, when can get into contrafactual arguments that it would have been better to do different research.
But if we are going to get into a pissing contest with China, I would much rather that it be a space race then a arms race.
I kind of hope this kicks off another space race. That would be so much better then a battleship arms race (see WWI) or a nuclear arms race (see cold war).
As a person who is interested in history I have to disagree.
People who write for themselves or for some imaginary future audience write differently for public consumption. Some people are more open in privacy then in the spotlight. They tend to be more frank, expressing concerns, and exploring odd alleys of thought. If, as you say they, “fuck the dog”, I want to know about it. Or at the very least preserved for posterity’s sake.
Think of Ann Frank’s diary. Read up on Mother Teresa’s personal letters, which shows somebody struggling with their faith – a very different thing then her public persona.
Personally, I would love to read Henry Kissinger’s diaries to figure out what he was thinking but I know that is not going to happen any time soon.
First, you may want to dig into Goldsheet’s primary source, the U.S. Geological Survey. I found that more interesting. If you look you can see gold production has been basically constant even as gold prices shot up so I will stand by my point that production has a low impact on the price and price has a low impact on production.
Secondly, you might want to dig into them a bit more. They are not that solid – which is partly the nature of the beast. Getting good numbers are hard.
Goldsheet says that ½ of the gold mined was after 1969 when the starting point is 1900. Another way of putting that is that in the 110 year history half of the gold produced was mined in the last half. (well, third). That is not exactly a compelling case. There is a factoid rattling in the back of my brain that says more than half of the gold in existence today was mined before 1900 but I can’t remember where that is but there is a 2000 year period where a lot of gold was mined.
I though the second article you pointed to was more interesting. It was interesting how the author pulled apart gold mining, recycling, and reserve sales. However, I came away that the author’s impressions was that it was the demand side (i.e. buyers) that determined the price, not the supply side. Or did you get something different?
I would say yes – if I a person does not want their work to be published and I will stand on this issue on principle.
The man did not want his works to be published at this time. I can think of other cases where diarist who things that they did not to be released until ALL affected parties were dead which may not be until decades after the person has died. If a person does not want their work published now it should not be forced. It is the right thing to do.
Now if we are talking about copyright and compensation issues - that’s a different ball of wax. I would have to say no to that.
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Errr – no, or not very much. About 5% of gold production goes into manufacturing. We could close down all gold mines and use our reserve for centuries before we would need to start mining again. About half is bought as bullion and about half is bought for jewelry – which for a lot of people is the same thing as bullion.
That is not quite true – we can’t measure value but we can measure dollars. If I am promised to be paid $110 a year from now, and the time value of money for me is 10%, then the intrinsic is 100 – in dollars.
We may debate what value is and how that links to dollars. It can’t be measured directly, how to measure inflation / deflation, etc. However, currency (be it dollars, gold, of BitCoins) has no intrinsic value. If I have a 100 units of currency today, and I have a 100 units of currency in a year, then the time value of money just falls apart.
BoA was one of the more responsible players. They were conservative and had cash so when the shit hit the fan they had the spare cash to buy Merrill Lynch and Countrywide, to institutions that were not responsible and in Countrywide perhaps criminal. BoA is currently regretting the purchase of that one.
I think you mean “mutual” if we are going to compare apples to apples and not to oranges. I have not read the brief, but I am going to assume that it was issued by the investment bank side, a.k.a. the stocks and bond people, a.k.a. Merrill Lynch. These people don’t offer much in the way of traditional banking services.
On the investment side you choices are pretty limited. There are mutual which are member owned. And don’t confuse mutual with mutual funds. Fidelity is a for profit corporation that offers mutual funds. Vanguard is a mutual that offers mutual funds. Think Mutual of Omaha, etc.
Unfortunately mutuals tend not to do much in the way of investment research – such as the value of BitCoins.
ummmm.... Moore's law mentions cost and speed explicitly The rule is, every 2 years, twice as many transistors at 1/2 the cost. If transistor density doubles the speed doubles - more or less - more true in the 70s then today.
Yeah, well, we have been in somewhat a flat stage, and will be for a while. Here is a good graphic.
http://www.economist.com/news/21589080-golden-rule-microchips-appears-be-coming-end-no-moore
No, you are still upgrading at the same rate. Except now, because more and more stuff is being pushed out onto the web, it is the servers that are being upgraded. So it is transparent to you. Oh, and phones too.
Maybe.
In some version, yes, it was only gamma radiation.
In other Banner had a latent mutant which is what allowed him to convert the energy.
In others it was a medical experiment where a bastard version of the super solider serum was used or the gamma radiation was targeted to specific brain areas.
Probably not. Radioactive is a necessary but not sufficient cause for superpowers.
You are going to need to combine that with spiders, toxic chemicals, a DNA X-factor, experimental drugs, or something else to kick off the process.
Let’s see – “normal German wages” is what? No minimum wage. Over a million earn less than 5 euro an hour. And you can’t buy (and thus play) Castle Wolfenstein?
I kid, of course. Seasteadings only works if one is hard core liberation. It is more of a philosophical statement (or is it theological statement?) then a rational economic plan.
The short answer is to follow the hierarchy and document everything. Document that you told your boss – that’s CYA.
Then go to your boss’s boss. Try that. Try to be constructive and offer solutions or at least avenues that should be pursued. Don’t offer specifics – that is somebody else job or a project in of itself. If you have to go negative, don’t tear down your boss, tear down the system.
Next step is fuzzier. Maybe your boss’s boss’s boss. Maybe Legal. But the steps are basically the same.
Finally, if all other steps fail, as a last resort, call the anonymous hotline. If you do work for a public company there should be a phone number that you can call. It should go to a outside group that reports to the board, not to the C-Level people. In theory it should be anonymous and they can’t penalize you for whistleblowing. Some organizations do this better than others.
Well, the water fountain was designed and installed for free water. And there are outlets in public places for free electricity to top off one’s phone. But I don’t think that was the case here. I see this as more akin to your next door neighbor running an extension line over to your home to borrow a little electricity – and failing to tell you. It might be for only a small amount but it is not good behavior. I think that a stern warning might have been better unless it was a chronic problem.
I personally believe in the free market and capitalism and that it can solve this problem. If manufacturing costs drop to something close to zero, then the cost of making robots drop to something close to zero, so everybody will own a robot.
I am saying this a bit tongue in cheek. There will be bottle necks and not everybody will be in the top 1% - it just I don’t expect the bottle necks to be who owns the robots.
I think you mean the late 1700's. In 1800 90% of US population were farmers. By 1900 farm popultion was under 40%.
And while I agree with you point, I will acknowledge that transformation can be a bitch for those who undergo it. And I would argue for faster, not slower, transformation.
O.K., you are going to need to help me out with my ignorance. I get the physics of why mid-mounted engines are better, but what is the logic in not having stability control? If I understand it correctly (which I may not) stability control stops you from doing stupid things like skidding. And while skidding is fun there are better and faster ways of handing a turn.
I can see why this might be banned for racing. Racing is supposed to test the driver’s skill and when the computer has better skill then the drive it is less of a test. But on a street legal car?
Yes, but some cars are more forgiving. Some systems have more fault tolerances, have negative feedback loops to limit bad behavior, etc.
A great example is that the car lacked stability control? Can anybody give me a reason not to have stability control where that reasons does not contain “fun” or “because”? (which might be sufficient – just looking for any other reasons.)
I don’t know about you, but when I plan a road trip or plan to hit multiple locations in a single trip I plan out my route. I then check my route as I go along. Don’t do things on the fly, don’t do things from memory.
Most medical errors at not the big things, it is failing to execute on the small things. Checklist move anesthesiologist from one of the most error prone (i.e. high rate of malpractice suits) to one of the least error prone. (not sure if google glasses is the way to go, but it is intresting.)
Hmmm. That’s odd. All States have land grant colleges and all land grant colleges have courses in animal husbandry. So it can’t be a general principal. Do you know that ban cats specifically?
I don’t think it is either of those.
1. Might be right but it does not explain why Bezos is doing it now. Announcing a pie in the sky moon shot is not going to do anything about its perception today. It won’t move stock prices (or, if it does, it will be down) and it won’t change from whom I order today. Yeah, it will have a little halo effect, but not much.
2. Amazon already has a choice between at least 3 different shippers fighting for their business. That a much more effective that a alternative delivery method which may pop up in 4 years’ time. More likely 10.
I am going with a moon shot. A high risk, high reward kind of thing. Amazon has the cash to indulge in these types of activities. Plus we know Bezos likes robots. Amazon bought a pick and pack robot company about 2 years ago.
I would argue that they did a lot of great basic science. The type of science for knowledge sakes, which tends to lead to commercial discovers 10 to 20 years later. And yeah, it is hard to qualify. And yeah, when can get into contrafactual arguments that it would have been better to do different research.
But if we are going to get into a pissing contest with China, I would much rather that it be a space race then a arms race.
Good for them. I wish them the best of luck.
I kind of hope this kicks off another space race. That would be so much better then a battleship arms race (see WWI) or a nuclear arms race (see cold war).
As a person who is interested in history I have to disagree.
People who write for themselves or for some imaginary future audience write differently for public consumption. Some people are more open in privacy then in the spotlight. They tend to be more frank, expressing concerns, and exploring odd alleys of thought. If, as you say they, “fuck the dog”, I want to know about it. Or at the very least preserved for posterity’s sake.
Think of Ann Frank’s diary. Read up on Mother Teresa’s personal letters, which shows somebody struggling with their faith – a very different thing then her public persona.
Personally, I would love to read Henry Kissinger’s diaries to figure out what he was thinking but I know that is not going to happen any time soon.
First, you may want to dig into Goldsheet’s primary source, the U.S. Geological Survey. I found that more interesting. If you look you can see gold production has been basically constant even as gold prices shot up so I will stand by my point that production has a low impact on the price and price has a low impact on production.
http://minerals.usgs.gov/ds/2005/140/
Secondly, you might want to dig into them a bit more. They are not that solid – which is partly the nature of the beast. Getting good numbers are hard.
Goldsheet says that ½ of the gold mined was after 1969 when the starting point is 1900. Another way of putting that is that in the 110 year history half of the gold produced was mined in the last half. (well, third). That is not exactly a compelling case. There is a factoid rattling in the back of my brain that says more than half of the gold in existence today was mined before 1900 but I can’t remember where that is but there is a 2000 year period where a lot of gold was mined.
I though the second article you pointed to was more interesting. It was interesting how the author pulled apart gold mining, recycling, and reserve sales. However, I came away that the author’s impressions was that it was the demand side (i.e. buyers) that determined the price, not the supply side. Or did you get something different?
I would say yes – if I a person does not want their work to be published and I will stand on this issue on principle.
The man did not want his works to be published at this time. I can think of other cases where diarist who things that they did not to be released until ALL affected parties were dead which may not be until decades after the person has died. If a person does not want their work published now it should not be forced. It is the right thing to do.
Now if we are talking about copyright and compensation issues - that’s a different ball of wax. I would have to say no to that.
Can I get a source on that? I have not found that out in my research but I am always out there looking for new sources.