ild's comments

ild | 10 years ago | on: The Wreck of Amtrak 188

Railroad companies are old, arrogant businesses, who would never consult anyone.

ild | 10 years ago | on: CIA declassifies hundreds of UFO documents

It was used during the Cold War, because it was important to simplify, demonize the enemy. Russian Ivan with bottle of vodka, in a tank, driven by a brown bear with ushanka creates an a lot more simple image; you add Ukrainians, Kazakhs, Armenians, dozen of languages, without profound racial discrimination - and people will start having the Thoughts; counterproductive for the narrative of the Cold War.

ild | 10 years ago | on: The Wreck of Amtrak 188

The problem with PTC, that the railroad companies are totally incompetent in making this, demanding, knowledge intensive kind of software. I know people charged with this at a large railways corp and they are terribly underqualified.

ild | 10 years ago | on: Why Is Europe Failing to Create More $1B Startups?

> huge social cost of having your own minority language.

Scandinavians are some of the most successful societies, despite of small languages. Languages have cultural baggage to them; every time I hear English, I see high inequality, poor worker rights, obsession with money, yet excellence in science and higher education. No one wants to abandon their own and assume English identity.

ild | 10 years ago | on: Channel 37

Cool; all the pranksters of West Virginia and New Mexico please take note.

ild | 10 years ago | on: Trading in Stocks, ETFs Was Halted More Than 1,200 Times Early Monday

> (don't like volatility)

Antifragility is not liking volatility; it is dislike but acceptance of it.

This is what he said:

“(4) Build in redundancy and overcompensation

“Redundancy in systems is a key to antifragility. As Taleb suggests, nature loves to over-insure itself, whether in the case of providing each of us with two kidneys or excess capacity in our neural system or arterial apparatus. Overcompensation is a form of redundancy and it can help systems to opportunistically respond to unanticipated events. What seems like inefficiency or wasted resources like extra cash in the bank or stockpiles of food can actually prove to be enormously helpful, not just to survive unexpected stress, but to provide the resources required to address windows of opportunity that often arise in times of turmoil. This perspective helps to put into context the praise of inefficiency in Bill Janeway’s important new book, Doing Capitalism in the Innovation Economy."

Well, to build in redundancy you need market manipulation (FDIC for example), otherwise markets will tend to overfitness. If you are claiming that "antifragility" = laissez-faire you are completely wrong; who will enforce the redundancy?

ild | 10 years ago | on: Trading in Stocks, ETFs Was Halted More Than 1,200 Times Early Monday

Underlying markets _are never stable_. The main stabilizing force in the world are institutions of power and violence, such as army (especially American), police, jails etc. Markets already rely heavily on governments for their existence. You got Black Swan completely wrong, if you think that Taleb is advocating for laissez-faire, he is actually big fan of slow and dull, tightly controlled systems ("antifragile").

ild | 10 years ago | on: Why Phone Fraud Starts with a Silent Call

1. Somewhat higher quality. 2. Different legal status (police calls etc.). 3. Powered from a separate "battery", often will work even nothing else does.
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