bjterry

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301.
by bjterry 12y ago
The creators of the site have a particular political axe to grind, and because they grind it in every question, it subverts its own purpose. Rather than trying to simply ask, "What do I think this number is because of how much I know a
302.
by bjterry 12y ago
One problem with these prediction markets is that they don't allow you to make predictions on margin. Many bets in prediction markets have very large time horizons. As long as your asset is tied up in the bet, you are losing out on the
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by bjterry 12y ago
You can get it in 2 to 3 weeks rather than 6 with an expedited processing fee of $60.
304.
by bjterry 12y ago
I agree with your premise that art comes from your medium and limitations, but wanted to elaborate a bit on a part that you and him are not explicit about (although I suspect you may feel similarly based on "Don't pretend it'
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by bjterry 13y ago
Using the pre-money valuation of a venture capital round to price common stock is a bad idea that is not supported by economics. The rights granted to the VC's preferred shares are REALLY, REALLY valuable, but the pre-money valuation v
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by bjterry 13y ago
It is widely-believed in the investment banking industry that you can find a firm that will provide a fairness opinion for virtually any transaction. They are a little bit more costly than $50K, but not more than an order of magnitude for s
307.
by bjterry 13y ago
The CEO of a non-political company is even more of a many-thousand issue than a politician, so I am not sure that this removes the hypocrisy. He was calling for Eich to resign based on one issue which wasn't related to his job, but don
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by bjterry 13y ago
This is like a worst-case scenario for YouTube's compression algorithms, so it's hard to say how this would actually look on your screen. Rather than seeing the noise you just see the macroblocks even at highest resolution.
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by bjterry 13y ago
On any modern filesystem, the source will take up substantially more than 487 bytes anyway. Perhaps you should round up to the nearest block size.
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by bjterry 13y ago
This headline is confusing. It should say "The CIA misled government and public on its interrogation program, Senate report says" or something to that effect. (I only mention this because mods change the headlines so much that I c
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by bjterry 13y ago
Technically "net 7" would mean payment in full within 7 days of completing work (or invoicing) rather than at the end of each week. https://en.wikipedia.org/wiki/Net_30
312.
by bjterry 13y ago
In the future you will be able to just scan the key and then 3D print a precise replica from the safety of your home.
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by bjterry 13y ago
According to my understanding of your materials, one isn't taking on tail-risk if one is writing puts on your site. In actuality, the price you require to write puts should be lower than if you were writing real puts, not higher.
314.
by bjterry 13y ago
Oh, I see. I didn't realize those line-items were clickable. For the interface of the order book you should really check out how it's displayed on a trading system or something (with bids and asks in separate columns), although it
315.
by bjterry 13y ago
I just noticed that they don't actually provide an order book or any sort of bid-ask spread information. That makes price discovery extremely challenging, and makes this even more difficult for providers of liquidity (traders, dealers,
316.
by bjterry 13y ago
I would be very careful with using this for risk management. It has very different characteristics from exchange-traded options contracts that you may be familiar with in the US. Purchasing call options is pretty safe (excluding security ri
317.
by bjterry 13y ago
This post is interesting, but I don't think it is entirely on target (the latter portion could be, but I'd need more evidence to be swayed). The author essentially paints a picture where open source startups are losers on their ow
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by bjterry 13y ago
That was later. They started off with $zero commissions (I believe this was the inspiration for the name Zecco). It started as no commissions no matter the account size, then they added minimums which crept up for a while, then, as I recall
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by bjterry 13y ago
I would imagine not every route has many pirates. If the container ship sails from China to California, it's spending most of its time in the middle of the ocean. Just because it won't work everywhere doesn't mean it won&#x27
320.
by bjterry 13y ago
I believe the author of this piece is keenly aware of the issues inherent to study designs such as this, which is why he discusses the methodological issues in this post. He has discussed methodological issues at length in previous posts (h
321.
by bjterry 13y ago
The !Kung people were a hunter-gatherer tribe in South Africa that persisted with the traditional way of life into the modern era. They had tons of food (the mongongo nut is available year-round in "truly massive quantities") and
322.
by bjterry 13y ago
Actually, the effect is much more exaggerated than you are suggesting. According to Tim Rogers, the mythical average player pays $1.70, but it's really made of 95% of people who spend $0, and a power-law-esque distribution of people wh
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by bjterry 13y ago
It would be extremely surprising to me if fsck wasn't recognized to be tongue-in-cheekly profane when it was originally named. It could easily have been called ckfs, chkdisk (as it was on other systems), etc. Fsck first appeared on Ver
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by bjterry 13y ago
Presumably you could throw it in the garbage. Way worse chemicals are thrown in the garbage every day, and waste sites are required to be protected from leeching into the groundwater to the extent possible. Or you could use an incinerator,
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by bjterry 13y ago
It's an interesting question how much added flexibility decreases the time. If you add a letter to the pattern it increases the complexity by a factor of 36 (26 letters, 10 numbers), but if you add an optional letter it actually halves
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by bjterry 13y ago
I wasn't holding up Paul Graham's essays as a paragon of essay virtue, just as a readily available example that people in the community will be familiar with. The difference between Paul Graham writing from personal experience, an
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by bjterry 13y ago
First, my sentence was carefully constructed to say that his essays "do not comprise a collection of disparate examples surprisingly linked through a common thread." I scanned through a couple essays to confirm my impression,
328.
by bjterry 13y ago
It is possible to write an essay by making a thesis and citing diverse examples to support it, but this is not the only way (or best way) to write an essay worth reading. I find essays much more valuable when they provide a clear thesis, ci
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by bjterry 13y ago
You've convinced me that the satellite would probably not in the end recoup it's cost. It makes intuitive sense that the most dangerous and costly fires are those close to civilization that can be reported quickly. I was mentally
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by bjterry 13y ago
We are probably close to the point of diminishing returns on education and prevention, given people's limited attention spans, the time dedicated to reading warning messages, already prominent notices when you go to campsites, and limi

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