2,625 karma · joined December 10, 2010
Ex-Health Care disruptor
Ex-Quant/Developer, working for a bunch of derivatives traders. Spend my time thinking about volatility curves and option pricing.
Work in C#, play in C++ and F#/Haskell with a hint of Lisp on the side.
Avid player of (board) games, preferably of the unforgiving economic variety. Leads to long discussions about the desirability of different stock markets in various 18xx titles.
A major volatility event in BTC will have an almost non-existent effect on FX markets - were every bitcoin exchanged for dollars in one day, it wouldn't even make up 1% of that day's FX trades globally.
A major volatility event in a major world currency (USD, GBP, EUR etc.) would have a massive effect on pretty much every market - it would effect FX, Futures, Fixed Income and Commodities markets, not to mention stock markets and derivatives markets.
Given the absence of the later, it's pretty safe assumption that the volatility is in BTC and not conventional FX markets.
Or at least that's how my calculations go - while I've got the technical and financial background to make me tempted to write a derivatives platform for BTC, I already make a decent salary and my perceived risk vs profit calculation doesn't work out to a number that would make it worth my while. Unless I get bored enough to do it anyway!
> And 5 years before Cryptonomicon there was Tim May's Cyphernomicon (which obviously inspired the title and theme of Stephenson's book).
> In 1995 there was Stephenson's short story in Wired about digital cash - "The Great Simoleon Caper".
> Of course, the protagonists of Atlas Shrugged had renounced paper money and started using privately minted gold coins from Midas Mulligan's Bank way back in 1957.
The current US inflation rate is around 2%, so unless you're making more than 2% interest on your money every year, your purchasing power is going down. For point of reference, yield on a 1yr treasury bill is around 0.14%.
Bitcoin is deflationary because, once the coin limit is hit, the number of available coins will decrease over time simply due to coins being lost. As the currency contracts, the purchasing power of a coin goes up over time.
In a world where BTC had an inflation rate of -2%, 1 BTC now would buy what 0.98BTC will buy in a year. Any investments you make now need to yield in excess of 2% per annum for you to be better off. In an inflationary world, an investment only needs to beat the T-Bill rate for you to gain (or least be less worse off), which allows for less risky investments.
Before we start yelling about "abuse of process" though, we might want to wait for more information about what's actually going on here. It would hardly be the first time one small company has used another company's assets without permission, so perhaps we should see what LayerVault has to say before getting so worked up.
While I know it's pretty de rigueur on HN to assume that anyone who issues a DMCA takedown is evil/a troll/an idiot who doesn't understand the internet, it doesn't mean that some of them aren't being filed because their copyright is actually being violated.
Until there's more evidence either from LayerVault that DesignModo has used their assets, or from DesignModo that they haven't - something beyond DesignModo just shouting "they're lying!" in any case, perhaps it's best to withhold judgement for the time being.
I wouldn't be surprised if Oxford and Cambridge both teach it as well since last I looked (well over a decade ago now) their CS courses had a heavy theoretical slant and Haskell and the Lambda calculus go together well!
I'd imagine that the likelihood of being taught Haskell at university correlates well with the university treating CS as an offshoot of it's maths department.
I think that both Jamie Oliver and Hugh Fearnley-Whittingstall have done programs that have covered how poultry is farmed, but which ever one it was that I watched it definitely left me with the lasting belief that I don't want to eat eggs or chicken that isn't free range.
Since The Register is a British site, and is also known for often being somewhat tongue in cheek, there really isn't anything to read in to their use of the word.
Edit - Given that we've got the NHS as well, losing your private coverage isn't such a big deal. It's nice to have, not a must have.
I hope you'll forgive me if I sound callous in this post - I certainly don't mean to, but I also recognise that this is a touchy subject when talking about someone's own family.
In the case of your great-uncle the problem is likely that it was the 70s and fourty years ago there was nowhere near the same awareness of the symptoms of cardiac arrest amongst non-physicians. If the doctor wasn't there, chances are it wouldn't have been picked up on. Even had he been rushed to hospital, his chance of survival would have been pretty low - heart attacks are still a major killer in the 2010s where even in London, which has the highest survival rate in the UK for heart attacks that occur outside a hospital, the survival rate is only 30%. Keep in mind though that survival rates have increased significantly over the last fourty years with advances in diagnostics and treatment as well as improved defibrillators etc.
Your grandmother's case is a more clear cut case of failure. Waiting times have long been a problem in the NHS, but it's a matter of resource contention, and it's a problem which they're trying to improve with the guarantee that patients should start treatment within 18 weeks of their first appointment and that tests should be done within six weeks. The only, very rough, numbers I can find for the US suggests that scans and tests are normally done within seven to twenty weeks when cancer is suspected. Even in the US, the problem of resources exists - there's only so many hospitals that can perform certain types of scans, and only so many doctors who are capable of properly interpreting the results. The thing I can't comment on is whether or not the physician who saw your grandmother should have treated it as a higher priority or if, given the symptoms that were presented, it would be reasonable to assume that there was a benign cause and it being cancer was pretty remote possibility. If it's the case that his prognosis was obviously wrong given the symptoms, then there's a case to be made for malpractice, or at least a complaint to the GMC and/or NHS trust.
That's nonsense, hospitals and NHS Trusts are routinely sued for malpractice, along with the doctors involved. There's nothing special about any part of the NHS that makes it impossible for them to be sued - they're not part of the state, they're just state funded. Hell, you can sue most government bodies in the UK since there's no restrictions on suing the state, only against suing the Crown.
It makes your 'multiple relatives' claim seem somewhat suspect.
If the range of numbers doesn't cover what I want my target salary to be then it's simply a waste of my time to spruce up my CV, write a cover letter and get the process started. Chances are that I won't be in a position to ask what the salary range is until I'm in an interview, but by that point I've already invested a not insignificant amount of time into applying for the job - especially since I've had to take time off work to come to the interview.
Frankly, I feel that any job advert that doesn't include solid indications of what the company might be willing to pay is either a company that's arrogant enough as to believe that my time is worthless, or it's a purely speculative advert with no real job there. Either way, I'll be passing them over in favour of companies with some more respect for their applicants.