Reader Mail – 12/18/2011 To 12/24/2011

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Simbo commented on node.js Is VB6 - Does node.js Suck?.
Sounds like you hot rejected to me

Yes, they rejected me. They still don't have a beta for their website. I found a job with a business that isn't going to be bankrupt in a year.

I've learned the hard way. It's a bad idea to work for scum and idiots. I don't feel bad that they rejected me. They're going to get the outcome they deserve; their startup will be a failure.

commented on "Conflict-Free Minerals" And Economic Illiteracy.
conflict free has to do with quality of life not quantity of macbooks

Esse commented on Weird Legal Document.
Amazingly, some people have multiple sets of adult teeth. (example: Pull one out and another one comes in. Possibly someone with this incredibly rare condition had two extractions on a "single tooth" (meaning same tooth number), which rather than pay the $100 or whatever, they probably engaged in tens of thousands of dollars in legal expensese challenging, followed by the addition to the forms you saw.

Really Cowardly Anonymous commented on Reader Mail - 12/11/2011 To 12/17/2011.
Okay, so what I said about correlation could do with some elaboration. What I meant is that yes, it is not 100% proven that this correlation does imply causation. But there's a lot of evidence to back it up. The greenhouse effect is a known theory, the real question is whether the amounts of CO2 and CH4 mankind puts into the atmosphere is enough to cause it. And we're pretty sure that it is. The climatologists may be wrong, but no-one's come up with a better theory, and hanging around waiting for the temperature to rise and then say "okay, so the correlation did imply causation after all!" is a terrible idea given that the consequences would be mostly irreversible.

Yes, we are in a warming cycle. Technically we're not even out of the last Ice Age yet (there's still ice on both poles, which is geologically rare). The oddity is that the temperature appears to be going up WAY faster than it should be, and this started relatively recently.

Also, fudging data is not OK. But the crap drops out anyway. My point was more that "Some climatologists fudged their data!" does not mean "All climate theory is lies!". I hope not, anyway...

Actually, I also dispute "CO2 greenhouse effect". The big question is "How much CO2 causes how much warming?" I've never seen a satisfactory answer.

One guy did an experiment with a tank of air and CO2, and concluded "CO2 doesn't really improve the ability of air to hold heat." I'd like to see that experiment reproduced.

"Some people forged their data. Therefore, all those researchers are wrong." is false. However, they *DID* destroy their raw data, making it impossible for anyone to independently verify their results. It shows an evil mindset. State funding for research really distorts things. Those scientists who committed fraud got away with it. Many people still cite their fake research as if it were a fact.

Even if you believe "CO2 causes global warming!", making the State bigger is *NEVER* the solution. All the proposed carbon credit/tax laws are corporate welfare laws.

f commented on Reader Mail - 12/11/2011 To 12/17/2011.

That is frequently cited.

First, animals in a zoo aren't in their natural environment.

Second, my observations of humans count more than what any scientist says.

Also, animals can also be crazy. It might be the same mechanism as in humans, where low ranking people find same-sex partners because they can't find opposite-sex partners. Most animals will take an opposite-sex partner, if an opportunity comes up.

Esse commented on MF Global Lesson - Don't Buy Futures, Only Physical.
Yep. I've been telling people for years that warehouse gold is sold on a fractional reserve basis and doesn't really exist. No one believed me. Now they are all screwed. Oh well. I'm sure next time I warn them about anything they will say I am crazy again. Sucker born every minute and they never learn.

Esse commented on MF Global Lesson - Don't Buy Futures, Only Physical.

Also, two more points.

First, there is vastly more "gold" that is held in gold deposit receipts than has been mined of gold throughout all of history. So where did the phantom gold come from if not from earth? Mars? No! The answer is it doesn't exist.

Second, when you buy gold now, the government demands that the sale be registered with them for "tax purposes". What that means is that they have your address and amount you should have so they know where to come and get you when gold is declared illegal a few years from now.

"Start an gold/silver/FRN barter network" is one of my favorite agorist business ideas.

If I'm ever prosecuted, I'll tell the jury "WTF? The prosecutor is going after me but not Dick Fuld and Jon Corzine?"

Here's another interesting bit. The "real" (cash) price of gold may start to diverge from the "official" COMEX/CRIMEX price. For example, the "official" price of gold might be $2000/oz, but if you want an actual physical gold coin, you may have to pay $3000+/oz.

After the MF Global blowup, many investors are saying "WTF? Why would anyone every buy a future or hold a warehouse receipt?"

Jason commented on The "Fair Value" Of The Stock Market Is Zero.
You touched a very valid point. I believe only very few traders/investors can make more than about 15% profit/year averaged over bull and bear markets.

On this page:

you can find some charts (and more) that underline your statement that inflation eats up a lot more than many of us think - see the Dow Jones Index, for example. It went down, practically in a straight line, for the past decade by more than 80%, when measured in real commodities/gold.

Also the trading volume in the US market and probably world wide has been going down fast and continuously since 2007 as seen in the DJIA chart with "on balance volume".

Although I used to trade shares myself I now hope the stock market will disappear or at least lose its current (over)driving role for "growth" in a future "economy". We are past scarcity with plenty of technology held back by the artificial need to employ people full time.

Fair distribution - not economic growth and planned obsolescence - is the challenge of this century.

Inflation helps provide the illusion that the stock market is a good deal. The number on your statement goes up, but you aren't keeping pace with true inflation.

dionysusal commented on Time Travel And Banking.
>That would be an amusing “science fiction” story. Someone goes back in time, tries that trick, and fails miserably.

I agree. So, what are you standing around for? Get started writing the screenplay. Filming starts in early 2013. :)

"Promote freedom via standup comedy!" and "Start an independent filmmaker business!" are on my list of things to do.

Anonymous Coward commented on Time Travel And Banking.

Now if you went back in time even for just 12 to 24 months, you could make a ton of money on the stock market.

There are resource companies with real wealth in the ground (means their share price can't drop too much) that do have their share price doubling.

OK, suppose you have a time machine. You go back in time and feed yourself stock picks. What would happen?

You'd be investigated for insider trading. Eventually, they'll notice you had a time machine, and you'll die in an "accident".

Anonymous Coward commented on Time Travel And Banking.

Banksters are in for short-term wins and now rely on high frequency trading.

Why should a bankster take even the slightest risk when they can have risk-free wins via programmatic high frequency trades and borrowing at one rate (from government) and lending at another (to government!)?

Learn from the weakness they expose. What can you do that a bankster can't?

I don't have the ability to borrow directly from the Federal Reserve at 0%. That puts me at a disadvantage whenever I participate in the financial system casino.

I'm also not "too big to fail". That's another disadvantage when participating in the financial system casino. If I use leverage, I'm going to get wiped out during the next recession, whereas insiders always get a bailout.

The best I can do is protect my savings from theft, by buying physical gold and silver and hiding it someplace safe.

Anonymous Coward commented on My Old Blog Is Still Making AdBrite Money!.
One man reverse compiled my software product, hacked out the security code and rebuilt what remained as an application. I think the security code I had in it did hinder him an bit because he only managed to fish out a small fraction of my functionality.

He made mistakes and really made a bodge of the application he launched minus the security code. So I was quite lucky in a way. Obviously because what he relaunched was such rubbish, I am lucky that it wouldn't have hurt me much.

He rewrote various bits of my website into his website. I could tell what he had done, because he only copied a bit here and a bit there and what he wrote didn't make sense with the other bits he left out. So I knew not only had he copied my software but he has used my website as a template for what he wrote on his website.

Anyway AMUSINGLY for some search terms, Google is giving this copyright pirate a highwe search ranking than my original website that was up an running for 7 years before he came along!

I did write to this man and he got my message and eventually he took the software he stole from me down, but he website is still up and running and Google gives it a very high rank, despite the fact it is a website advertising software it no longer hosts.

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