Viewing profile — nickbauman

Having worked at a couple of banks, this is absolutely true.

Comment was not meant to cover Lydia; just generally how money emerged. And this is a "cartoon" version of the story.

Huato doesn't seem to have read the first line of page 22, as Graber actually refutes the claim that money and debt co-emerged. As far as the Cato institute's criticism is concerne…

David Graber's book "Debt, the first 5,000 years" goes into this in great detail. Highly recommended.

Thanks for posting! Burke uses the term "barter", which is wrong. Before coinage, people used credit. Barter was extremely rare.

Coins (specie that had a direct connection to a ruler, usually with the name or visage of the ruler struck on them) were invented to facilitate war. They were given to soldiers to …

This is interesting. I sat next to a German manager of DaimlerChrysler (which really dates me, I know) on a flight. He agreed with the idea of worker unions being inside the compan…

JSX has an Async "tag"... Let that sink in.

The most radical are Co-Ops. The workers own the company. They're called Worker-Owners. Where management is a skill, not a rank. The problem with this model is three-fold: • Outsid…

What's the title?

The big German companies invite the unions in because they are a source of innovation too. And managing the connection between the people who actually build the cars and the people…

I was just going to say this too: JSX is a DSL. And a particularly screwy one!

I'm sure this has some amazing features that really help with project and personal productivity mgmt compared to other systems. But let me ask you a question. If I want to get your…

I believe your comment might be a bit too broad for the claims you're making. Arguably, the most advanced "tech stack" for moving trains around rail systems today (at scale, with t…

I believe this as well. And I happen to know of one of the largest rail systems in North America changes its topology weekly . I'm not sure "throughput over latency" is as much of …

This is a perfect example of path-dependent policy. Because the decision was to select for freight, other kinds of rail are "unfeasible". I'm using scare quotes to suggest that it'…

No it doesn't have a world class freight rail network. The North American rail infra is incredibly primitive. Most of it is "dark territory" (no track sensors), unlike Europe. I us…

Yes; I have a friend who is part of a small team that wrote a very successful stock market trading gateway in Java. Turns out the JVM's GC can be tuned in very specific ways based …

I thought the increase in nearsightedness originated in kids not playing outside as much (and thereby not focusing their eyes over longer distances) resulting in eyesight that's mo…

Our nuclear storage problem will not change whether or not we build more nuclear power plants or shutter them. The problem will remain "forever" regardless. So I am for new nuclear…

Surprised Cloudflare was mentioned so late in the article and almost a footnote. I think that's not representative of its impact of their strategy on the industry.

Wow, using the old Common Gateway Interface, no less!

We still can't read Linear A, the language of Minoan Greece.

I think it's possible with the rise of more and more "successful" dictatorships the Internet will become the domain of the state and we'll probably lose a lot very very quickly. So…

Yeah otherwise laws don't mean anything, right? It's free-for-all. From "stopping at a Red light is optional" to Vigilanteism. Can you explain how that would work? Would you want t…