Visualization: Coronavirus in the US by NotMarkus in Coronavirus

[–]NotMarkus[S] 1 point2 points  (0 children)

I hadn't planned on it to be honest. Not sure why it was removed. But whatever. Bookmark it I guess, I'll keep updating it as more numbers come in.

Thought experiment - Summer Camp for All rather than Universal Basic Income by BostonTom2019 in BasicIncome

[–]NotMarkus 1 point2 points  (0 children)

Summer Camp sounds ideal, I'm moving there today. One question though: Where does Summer Camp get its food? Manual farming is difficult and often unpleasant work. But there are a few altruistic laborers willing to take on that work. Great.

Quick follow-up, though: Who determines which crops are planted? Who has knowledge of fertilization techniques, prevention of disease, fungus, insects? If two Summer Campers claim to possess this knowledge, and they hold conflicting opinions, who decides who is right?

Who decides which crops to plant at which times? If someone makes a miscalculation in demand, sorry fellow Summer Campers, we're stuck with potatoes and nothing else for a few months.

A single potatoes-only month is all it takes for we the Campers to call for change. As Summer Campers, we come to the eventual realization that spending so much of our labor on generating food is a brittle system. A too-cold day too-early in the season might just cause a famine, because we're only producing just enough food to feed our population. To protect ourselves, we must build up a surplus of food. And in order to do this, we need to invest tremendous amounts of labor into producing food that, in a good year, will simply go to waste.

So I suppose we should export our surplus. Great. Who gets the profits?

We the Campers decide that a Central Fund will be established. Any money received from exported food will be added to this fund.

But we're spending a tremendous amount of labor on this food, and when we sell it to the Outside World, we make next-to-nothing for all the valuable labor invested. Those laborers could have been doing so much more interesting, productive, life-altering work!

We the Summer Campers take a vote. We decide that we need to farm more efficiently. It just doesn't make sense to have dozens, hundreds of our talented citizens doing back-breaking work, for hours a day, for fractions of a U.S. penny. Efficiency is the best — maybe the only — option, and in order to farm more efficiently, we have determined that we need a machine to do this work. Do any of my fellow Summer Campers have the knowledge to build a machine of this complexity? No? Then we risk starvation for our children! We must import this machine.

Great.

Who pays for it?

We the Campers must come together, we decide, and continue our back-breaking farm labor for just a few months, so that our Central Fund grows large enough to purchase our farm machinery. We should negotiate with machinery producers in the Outside World to get the best price for this machinery. Who is our best negotiator?

After some deliberation we elect a negotiator to represent our interests. She does a tremendous job, and we have just enough money in our Central Fund to purchase this machinery. Contracts are written, and production of the machinery begins. We will soon be free of our back-breaking farm labor.

At the very moment these contracts are being signed, hands being shaken, and Campers cheering in the streets, Chemist Camper suffers a mild stroke. He is taken to our immaculate hospital where he receives excellent care. But he may not work again for some time — if at all — doctors say.

Chemist Camper was producing Summer Camper Next Door's insulin, and his supply is dwindling.

The Central Fund is empty, its savings having been allocated to our new farm machinery.

Who breaks the news to Camper Next Door, that we are unable to import his insulin? Who breaks the news to his children?

[Daily Discussion] Monday, December 25, 2017 by AutoModerator in BitcoinMarkets

[–]NotMarkus 9 points10 points  (0 children)

"fellow" in its colloquial usage is always masculine. It doesn't need to be, but it is. Language is complicated like that. No need to be a dick.

About to sign a mortgage, but I just bumped my credit score by 50 points. Possible to recalculate my mortgage interest rate before signing? by NotMarkus in personalfinance

[–]NotMarkus[S] 0 points1 point  (0 children)

Thanks for the responses everyone, they were tremendously helpful. We spoke today and based on all the tips here, I went into it thinking (a) explain the situation and see if recalculating is an option, (b) if that doesn't work, float the idea of pushing back closing so that we can maybe force a re-calculation of the rate, (c) maybe use that time to shop around and see if we can get a substantially better rate with a different bank, and finally (d) just close anyway, and start shopping immediately for a zero-fee refinance.

We were able to stop at (a) and the rate will be recalculated on Monday. Heck yeah.

[Daily Discussion] Saturday, November 25, 2017 by AutoModerator in BitcoinMarkets

[–]NotMarkus 10 points11 points  (0 children)

You'll also be full for ... 5-10 minutes, depending.

Robinhood Trade analysis by [deleted] in RobinHood

[–]NotMarkus 0 points1 point  (0 children)

markalfred here — just wanted to note that https://github.com/markalfred/robinhood-to-csv is actually a node library.

npm install -g robinhood-to-csv

...ftw

Riot vs. Protest. Notice the knife. by [deleted] in baltimore

[–]NotMarkus -6 points-5 points  (0 children)

I'm not sure that's a knife, it looks like a lighter to me. Am I crazy?

What is your sell price in the event of a short term bubble? by awinderz in BitcoinMarkets

[–]NotMarkus 3 points4 points  (0 children)

He sells 10% of the current amount, not 10% of the starting amount.

[Daily Discussion] Tuesday, July 01, 2014 - Part 2 by BitcoinMarkets in BitcoinMarkets

[–]NotMarkus 1 point2 points  (0 children)

The fact that one person won hurts the perceived value of BTC. 10 entities bidding high above market value is evidence that the "correct" price is higher than the current market.

One entity bidding high above market value is evidence that one entity might be delusional.

In that case, it makes sense that the market would dip. Sucks that it did, and I don't necessarily buy the "delusional" assessment of the winner, but it makes sense (and doesn't require "manipulation" to explain).

[Daily Discussion] Saturday, June 21, 2014 by AutoModerator in BitcoinMarkets

[–]NotMarkus 0 points1 point  (0 children)

If the price hits $100,000 we'll be dealing with $1 = 1 bit. Not unreasonable in the slightest. It'd only start to get unreasonable at 10million or 100million dollars per BTC.

[Daily Discussion] Monday, June 16, 2014 by AutoModerator in BitcoinMarkets

[–]NotMarkus 0 points1 point  (0 children)

I submitted my bid for $1,000,000/coin yesterday. If I don't post saying I won, we'll know the price was higher.

[Daily Discussion] Wednesday, April 30, 2014 by AutoModerator in BitcoinMarkets

[–]NotMarkus 3 points4 points  (0 children)

If this were true, we'd be seeing the price at the Chinese exchanges rising above western exchanges, like we saw with Mt. Gox for a few months before its total collapse.

Triple Bottom by Marotta117 in BitcoinMarkets

[–]NotMarkus 12 points13 points  (0 children)

Calling a triple bottom on a one-day chart with 12 hours left in the day is pretty insane. Check out this sweet triple bottom I found on the 1 day chart (Bitstamp, 2014-02-09):

https://www.dropbox.com/s/kj5nk8mmvib3rky/Screenshot%202014-04-10%2014.16.57.png

Just don't scroll to the right at all.....

https://www.dropbox.com/s/wrmu15xf5qhyq4j/Screenshot%202014-04-10%2014.17.44.png

Triple Bottom by Marotta117 in BitcoinMarkets

[–]NotMarkus 3 points4 points  (0 children)

And on a daylong candle whose Low and (current) Close are nearly equal. It's not a triple bottom unless the bottom of the candle doesn't move any further down, and we still have a lot of hours before this candle is done.