1: https://upward.issnationallab.org/the-race-to-manufacture-zb...
1: https://upward.issnationallab.org/the-race-to-manufacture-zb...
So, there's clearly a lot of value to somebody for fiber optic cable with even lower signal loss.
That really drives home to me that, even though information technology is just my boring day job and it's still space travel that gets me as excited as it did when I was a kid, it's still true that the space age is over and we're definitely living in the information age.
For example, the MAREA (https://en.wikipedia.org/wiki/MAREA) undersea cable is 6,600 km long. Current optical fiber requires repeaters every ~100km. If it's to be believed, ZBLAN could get rid of these repeaters all together.
The cable's design is _much_ more complicated because of the requirement to have electricity and repeaters.
That sounds like you’re including the weight of the whole final cable, including yarn strengthening members, plastic shroud and sometimes a braided metal shield layer. Only the glass fibre itself actually needs to be manufactured in space and is usually on the order of a kg or so per km.
For scaling up, if one uses the smallest commercial fiber standard (80um diameter cladding--they would put the buffer and whatnot on after it comes back to earth) the mass of the fiber is only 53grams/km so using your $3000/kg the cargo cost is only $0.16/meter which seems pretty palatable to me.
Other concerns include unnecessary waste and unfairness [2]. The point is that this is a zero-sum game that makes us invest in infrastructure that will soon get obsolete once someone else builds a faster infrastructure.
Fast trade isn't "efficient". Long-term stability is.
[1] https://en.wikipedia.org/wiki/2010_flash_crash [2] https://en.wikipedia.org/wiki/Flash_Boys
Computers mostly.
Ultimately I'd rather place the responsibility for long/short term investing on the investor. The fact that most retail investors should be investing passively and long term is well known at this point, the issue is one of education.
Don't dumb down the system when it's easy to make people stronger.
Months would be pretty good. But I suspect that wouldn't fly in practice. Flipping houses is long-term investment, no? Even if the asset isn't held for a long time, long-term value is added. This is very different to speculative trading where no value is added.
> The fact that most retail investors should be investing passively and long term is well known at this point
Nope! The primary purpose of the stock markets isn't to generate income for the investors. The purpose is to effectively distribute capital to those business that can use if effectively. Passive investment does not help to achieve this. It reduces the "wisdom of the crowd" effect, because anyone investing passively is not contributing their wisdom.
> Don't dumb down the system when it's easy to make people stronger.
I have completely the opposite view on this. If there's an obviously correct way of doing something, then don't leave it to chance. Design the system so that people can't fail.
Buying stock by definition is purchasing the right to participate in a company's future profits. That's the reward for taking a risk on the company, and the primary metric by which "who can use it effectively" is determined. It isn't and has never been some board of financial justices trying to figure out how reallocate capital out of altruism, otherwise hedge funds and active traders would all be non-profits.
There isn't an obviously correct way to do this, it depends on one's objectives. Financially illiterate employees contributing to their 401ks have different needs than hedge funds who have different needs than people trying to build wealth for non-retirement time horizons in taxable accounts who have different needs than people saving in HSAs and 529 accounts who have different needs than Pension funds, among many other users of the market. It's up to the investor to determine their needs, not be coddled by some nameless, faceless system that only permits the lowest common denominator of participation.
On a more philosophical note, systems where people can't fail are systems I've experienced professionally (working for companies with political/economic moats so vast they can fail repeatably and not be punished). All it produces in my experience is complacent dead weight and rules to maintain said dead weight that unite to stifle the progress of those who wish to perform or make progress. The systems become benign tumors at best.
Now granted there should be some safety nets in place, not everyone can be or wants to be a high performer, but that doesn't mean we should make every room with padded walls. People who throw money into the market without the slightest bit of research should be punished for their lack of planning, same way people who jump off a roof without thinking are punished by injury.
This is when I decide I don't really understand the market as well as I think, and I should stop solving the world's problems, and go back to designing circuits.
This is why they have been leveling hills to carve a (mostly, with minimal amount of repeater towers) line of sight path between NYC and Chicago, gaining 3ms (1), or set up a line of sight laser link between NYSE and NASDAQ to eke out a handful of microseconds (2), or set up multiple links across the English channel to reduce latency between London, Amsterdam and Frankfurt (3).
1. https://www.nytimes.com/2014/04/14/opinion/krugman-three-exp...
2. https://www.extremetech.com/extreme/176551-new-laser-network...
3. https://sniperinmahwah.wordpress.com/2016/01/26/hft-in-the-b...
https://hn.algolia.com/?dateRange=all&page=0&prefix=false&qu...
Just the fact that the historical events the past couple of days didn't involve space, but something filmed on a mobile phone shared through information technology ...
This is also assuming the price per kg to orbit stays stable but Musk has stated he intends to drive the price down much further. He's even given figures for what he thinks they might be able to achieve with Starship[0] and SpaceX's rapid progress seems to indicate that they will, eventually, get there. The best comparison from history is probably the construction of railroads which had long development timelines and capital costs but eventually began paying back massive amounts even while driving the cost of freight down and providing a backbone for commercial and industrial development.
[0] https://www.inverse.com/article/60712-spacex-starship-elon-m...
Steam engines were originally used for pumping water, but there was an obvious huge demand for locomotives to move freight by land once they could be made cheaper or better than draft animals.
I’m sure there exist some commercial uses for space flight, but it really doesn’t seem all that similar to railroads in terms of obvious market demand or effect on the economy.
I'm not sure why you don't think space is commercially viable right now, companies and governments are paying a lot of money to have things delivered to orbit. SpaceX is making money with every launch otherwise they would have gone bust years ago. If you mean there's no market for human spaceflight, well there wasn't a market for passenger railroad travel for a long time either. You need to build the railways before people can make practical use of them. Back when most railways only extended for 1 or 2 km it was pretty hard to imagine getting paying passengers. You have to build something that connects to places people want to go before they'll pay to ride it.
With spaceflight we're currently in the shorthaul stage, all the profit is in delivering cargo to LEO. The cost is coming down and people are finding more uses for cheap satellites. The rockets already have their use case, they move people and cargo the same as a railroad, it's what we do with that capability that we need to get creative with and as we continue to build out capability and lower cost there will be more and more uses for space. The main reason I compare it to railroads is that it is a type of infrastructure that makes new things possible and there's always a profit to be made in a frontier as long as you're daring enough to take it.
Launching the raw materials to orbit from Earth might cost $3000/kg.
While Earth is great for being able to sustain life, the gravity well rather sucks.
Launching the same materials from most other interesting places in the solar system would cost a lot less, (at least, were there people there to provide some sort of settlement)
For instance, presuming most of what you need is silicon oxide anyway; launching the raw material from the moon and transporting it to earth orbit easily costs MUCH less fuel than launching it from earth.
* Earth->LEO: 9400 m/s * Moon->LEO: 1730+680+3260=5760 m/s on rockets alone * Moon->LEO 1730+680=2400 m/s with aerobraking (smarter) * Mars->LEO 6300 m/s with aerobraking * Asteroid belt->LEO between 1060-3360 m/s
Moral of the story: Don't launch your stuff from Earth if you can at all help it.
Now, once you have a somewhat established moon settlement that can take on projects it gets even more interesting. Unlike on earth, Lunar gravity is so low that things like a space elevator or a linear accelerator are practical with even todays technology and materials science. Combined with aerobraking on the other end, you could ultimately ship materials or goods to earth for cheaper and faster than china post ship from china. ;-)
The only downside: first you do need that settlement on the moon, and that's one heck of an initial investment. On the other hand: once established and marginally autonomous, you can intuit that -despite harsh conditions- such a settlement could be quite a competitive location to establish mining and industry.
Reference (assuming this one is well made): https://www.reddit.com/r/space/comments/29cxi6/i_made_a_delt...
Perhaps there are scientific uses where loss in fiberoptics makes a project infesible? Or perhaps quantum entangled photons, which one can't amplify?
I also have a feeling I've read the power needed for the repeaters generates magnetic fields that attract sharks. Shark bites are a not entirely trivial source of fiber cuts, which require very expensive fleets of cable repair ships to be maintained on standby and simply driving down the number of fiber cuts could be a fairly significant source of cost savings.