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+ - Money and wealth: clearing up some serious misconceptions-> 2

Submitted by KDan
KDan (90353) writes "I am not an economist. However, most people misunderstand money and its purposes and uses so badly that I feel compelled to write out my understanding of it. Perhaps because I am not an economist, this might help some. The first and perhaps most important mistake people make is to confuse money for wealth. The more I earn, the more I realise that wealth is not money, but the ability to generate money (and other things of value). This is akin to the difference between saying "I am a dancer" (i.e. I have the ability to dance) and "I was a dancer" (i.e. I once had it but I no longer have it). Being wealthy is equivalent to the first statement, while having money is equivalent to the second."
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The Internet

+ - Remembering John Postel->

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KDan writes "John Postel made significant contributions many of the key protocols and RFCs that power the internet (IP, TCP, etc). Of particular relevance today was his stance against US government control of the top-level domains: John Postel transfered the DNS root authority to non-governmental servers, but was overruled by Ira Magaziner, Clinton's science adviser, and forced to reverse the change.

In the current circumstances, this blog post is particularly relevant."

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+ - Saving, a tale of Bandwidth & St->

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jacquesm writes "For the last week I've been busy to stave off the inevitable, making sure that geocities lives on in a format as close as possible to the original. Despite some setbacks I think the project succeeded and that most of not all of has been saved. It seems I now also have one of the worlds largest collections of animated gifs :)"
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CCI Power 6/40: one board, a megabyte of cache, and an attitude...