473 karma · joined June 6, 2010
Actually it was a commission, although he made one for himself as well.
"not merely because designs are being “shared” (read “pirated”), but because people are downloading free charts rather than paying for a designer’s work."
At least, that's how I read it.
The btrfs code in 2.6.35 finally fixes something that's annoyed me for years about ext3/4 -- fsync heavy programs blocking everybody else's IO. Vmware workstation used to be insufferable because it and firefox would get into pissing matches over who could use fsync more and my system would grind to a halt. Writeback mode helped a little, but btrfs seems to fix it for good. Yay, btrfs!
I imagine that the primary reason companies buy mainframes is that their monolithic architecture abstracts away a lot of the hard thinking that goes into a clustered system by putting it all in one chassis. If my 2000 CPUs are on separate machines then I have to write code to coordinate them and move data between them. If there's a super-fast bus connecting them and they can work with shared address space and let the OS deal with scheduling and data flow then even the average corporate code monkey can write naive large-scale apps that run a little slower but get the job done well enough to please their corporate overlords. And maybe the cost of developing a "proper" architecture for these sorts of business jobs is too high compared to the cost of a few hundred thousand in rent-a-mainframes.
See here for an explanation of some of the things that bad shops do: http://nondealingdesk.blogspot.com/2006/04/non-dealing-desk-...
The same thing is true about coffee -- supermarket beans are cheap and stale. Starbucks is substantially more expensive (mostly because it's sold by the cup) and significantly better (mostly because of copious quantities of sugar), but still not that great. Beans fresh from a local roaster sit on a critical point where more money creates a similar increase in quality. Below that point, a dollar produces many dollars in value. Above that point, a dollar produces less than a dollar in value. Putting a three-stage reverse osmosis water filter on your $4000 double-boiler, gold-plated, hand-operated espresso machine is way off into "pleasant waste of money" territory.
As for hot water specifically: hot water does in fact change taste because A) hot water dissolves things faster (like the insides of your pipes) and B) tanks tend to concentrate and add to the impurities. See http://everything2.com/title/Never+drink+or+cook+with+hot+ta... for some examples. Whether your hot water has perceptible taste differences depends on your hot water heater and the piping around it. Cold water is best not because it is cold but because it has less crud in it. Of course, the cold water may need filtering too if it doesn't taste relatively neutral out of the tap, like many municipal supplies.
Models may have fundamental value, but wisdom on model valuations is a little sparse at this point in history. Same for people in general -- there just aren't more than a few people (and I'm giving a benefit of a doubt that they exist at all) out there making a living by estimating the future earnings potential of an individual. Valuating corporations, on the other hand, is quite popular and there are many thousands of highly-paid analysts who sit around and talk about how much a company is worth, then sell that information to their clients. Actuaries are sort of in the same ballpark and society already frowns on them enough as it is, so while this might be a market ripe for the taking I suppose there needs to be a really compelling reason to pay for the service first. It would make more sense if one could purchase an individual -- I know I've seen Robin Hanson talk about the concept of a society where parents sell shares in the future earnings of their children to finance their education.
But for the moment, even if there were "model analysts" who published estimates on how much a model is worth, it would have little impact on their popularity. Models don't get popular because they have earning potential so much as the other way around. A model who is popular will command higher rates and more frequent appearances. If she is diagnosed with cancer and has 6 months to live then her potential is greatly diminished, but she can leverage it for charity purposes and get even higher rates. Valuation is interesting an academic sense, but for the time being it is a very useless thing to have in the fashion market. This effectively leaves the idea of a model's fundamental value even less tangible than that of a corporation.
Considering the extent to which bubbles form even with the possibility of valuation, the only way that a model popularity market could be analogous to an equity market is if it lives in a perpetual bubble, effectively negating the relevance of the fundamental value. "Reckoning" in the equity markets might be rare, but it does in fact happen. The career of a model, on the other hand, has zero empirical effect by their fundamental value.
This is the obvious way in which markets are different: even though prices get way overinflated from speculators chasing trends, there is in fact a real fundamental value buried in the noise and sooner or later the people who are good at finding that value will outweigh the noise traders and trend chasers. Then the momentum turns into fear (because none of the speculators knew what they were doing) and we have a lovely crash. It's painful and irrational but eventually enough people wake up and realize that prices are nowhere near valuation.
Models don't crash. They disappear, but there's no "reckoning" in which their popularity is brought back to true values of beauty. The momentum is the only source of value.
SL-1 had a negative void coefficient: as the coolant boils off, fewer neutrons are slowed down to speeds where they can be readily captured by fuel and the reaction slows down, creating a negative feedback loop. This type of passive safety is all but mandatory in modern reactor designs. SL-1 blew up because the feedback loop lagged behind the pressure buildup by a few milliseconds, and it spontaneously disassembled (kaboom). No meltdown, no china syndrome -- just a bunch of fuel all over the place and a guy impaled on the ceiling.