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Comment Re:Time Value of Capital (Score 1) 61

DanielRavenNest writes: "It takes 2-3 years for the tug to do the return to cislunar space (near the Moon's orbit)."

That sounds like a round trip is going to be 4-6 years plus the dwell times at the ends (which may not be significant in low-hanging-fruit scenarios).

What is the rate of interest you're using for the amortization? What does the tug cost up front? What is the price charged for the hydrocarbons and oxygen produced? What price elasticity of demand are you using?

PS: Thanks for not being "not even wrong".

Comment Time Value of Capital (Score 1) 61

Lewis's interview doesn't touch on the primary economic killer of asteroidal resource retrieval:

The time value of capital.

The equipment you need to do all this is a capital investment. You start paying interest (at a high rate due to risk) on that capital the moment you start constructing it. But more importantly, the amount of time it takes to get to the asteroids and back builds up interest payments that raise the quality of ore required to break even. There is some speculation that the quality of ore in some asteroids is high enough to overcome this objection but I've never seen anyone sit down and lay out the business case in a straight forward manner that didn't come to the conclusion that it is capital service that kills asteroid mining of high value metals.

Comment A Path to Citizenship for H-1B Fraudsters! (Score 1) 414

This just in from the DNC's inner sanctum email traffic on what they really mean by "a path to citizenship":

"We've just approved a new plank in Hillary's platform: Pile illegals up in a stadium, drop a nuke on them and pray for them to reincarnate as children of US citizens!"

Comment Re:Casino Noise (Score 1) 129

All legitimate government is a mutual insurance company.

One may ask what it is legitimate for a government to insure and that is a good question but if one posits "capitalism" and does not start with property rights, what does the government insure and what is the basis for underwriting hence charging insurance premiums?

The insurance premium one pays on a property right is going to be actuarially calculated based on multiple factors, one of which is the value of the property. This is the case with _all_ property insurance. That ends up looking a lot like a flat tax on the liquidation value of net assets.

Comment Casino Noise (Score 0) 129

Anyone who has been in a casino can hear all kinds of noise and it is all of people winning. You never hear the noise of people losing. That's only one lie of Silicon Valley and, indeed, of global pseudo-capitalism.

pseudo-capitalism: capitalism in which the cost of protecting property rights is paid for by taxing economic activity rather than the property rights themselves.

Which is the bigger lie? That pseudo-capitalism is capitalism or that all that noise you hear is an accurate statistical sample of the odds of hitting the jackpot?

Submission + - An Infinite Number of Ways To Say "I Love You" With Relational Programming->

Baldrson writes: This is an interesting angle on relational programming: Relate a functional or even imperative language program to its outputs, provide constraints and then reverse to do fun things like generate all programs that say "I love you.", generate all Quines, etc. This is demonstrated in PolyConf 15: The Promise of Relational Programming / William Byrd. (The afore video link skips past the boring logic programming type stuff like reversible append.) But this is more than a mere novelty, as demonstrated in the final section of the presentation: Imperative programs (involving destructive assignment, error traps, etc.) can be interpreted under the relational paradigm to answer questions like, "What input conditions to this program yield this output condition?"
Link to Original Source

Comment Re:Greeks surrender: no restructuring (Score 1) 485

l2718 asks:

wonder how Tsirpas will sell this to his constituents who just voted a firm "NO" to a deal without restructuring.


The All New Slashdot IMF Editorial Policy is to leave questions like that answered in the subtext of the original post: The People Don't Matter and If You Think They Do You're a 'Populist' which is just shy of being an 'Extremist'.

Comment Treaties Don't Override the Bill of Rights (Score 1) 423

The combination of freedom of speech and of the press combined with the _very_ strong language of the 2nd amendment nullifies any law against publishing instructions on building firearms.

This does not mean that the US Government will not only pass but enforce such laws. The US Government hasn't been lawful for a long time.

Comment Change your name to Sanjay Gupta (Score 0) 135

The guys that kept their jobs during the DotCon collapse were those that had "community organizers" that helped them negotiate big cuts in salary and finding shared housing in the area to cut living expenses.

In practice what this means: Try to hook into the H-1b ethnic network somehow. Perhaps the best way to survive a collapse in employment is to get a tan, change your legal name to the moral equivalent of Sanjay Gupta and contact one of the many immigration law firms in the valley that aid and abet H-1b immigration fraud with a sob story about how you're going to be sent back "home" (don't tell them "home" is Champaign Urbana Illinois) if you can't find a job -- and that you'll be willing to take a big pay cut and live in a beehive to stay in "America". Do it with the appropriate accent. They'll hook you up with a "community organizer".

Comment Social Science (Score 1) 892

If your favorite social theory is being tested on the masses, when things good, it is because of your social theory and when things go bad they are going as good as they could have gone in all possible worlds.

That's why those who object to your social theory don't need to be consulted for their consent prior to your experiment being run on them. Indeed, if they strenuously object (say, because an aspect of your social theory is that "sexual pressure ushers, guides or shepherds the process of sexual awakening" in your prison system), their extremism is a clear and present danger to the stability of society and it is only reasonable to preemptively treat their psychological disorder, with or without their consent.

As of next Thursday, UNIX will be flushed in favor of TOPS-10. Please update your programs.