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* Posts by Johan Bastiaansen

428 posts • joined 14 May 2007

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My big reveal as macro-economics analyst: It's a load of COBBLERS

Johan Bastiaansen

You know what is also very complex?

Predicting the weather. Really. We just don't have the computing power. Just like macro economics.

However, we have build models that can predict the weather quite accurately.

So when one weatherperson is able to predict the weather correct 95% of the time and another only 50% of the time, the latter would be quickly without a job.

Not when your an economist. You can fail in predicting for decades. How is this possible?

"It is difficult to get a man to understand something, when his salary depends upon his not understanding it!"

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Johan Bastiaansen

Re: There are a lot of studies about the US Great Depression - but how many about the German one?

German economists and politicians are supposed to be very clever and rational people. Now they just go with their gut feeling because "it is in their DNA". I think we have found the problem!

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IT blokes: would you say that LEWD comment to a man? Then don't say it to a woman

Johan Bastiaansen

Re: You'll Get The Respect You Deserve

Just when I nearly convinced myself, it can't be that nasty, I read this reaction and omg (this is one of the few times you can use omg), it IS ! ! !

Thanks Don Jefe, we needed that look in the mirror. Not a pleasant sight though.

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Lenovo posts an INCREASE in desktop PC and notebook sales

Johan Bastiaansen
Thumb Up

Imo Lenovo is a successful company because their top managers concentrate on doing their job instead of egotrippin' all over the interwebs.

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ONE EMAIL costs mining company $300 MEEELION

Johan Bastiaansen

Re: Ecoterrorism

There's always a stormtrooper who wants to slam the word terrorist on anything he doesn't agree with and start prosecuting. You're the terrorist here.

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Johan Bastiaansen

Re: Losses

That's not irony, that's justice.

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Johan Bastiaansen

Re: What losses?

Naah, you don't lose money for bed spalling.

And if they lost it, it was pretty loose.

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Johan Bastiaansen

Re: What losses?

Very good ! ! !

People who are in the market but are also stupid enough to have silly procedures, should loose money.

It's Darwin.

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Malaysian Airlines flight MH17 claimed lives of HIV/AIDS cure scientists

Johan Bastiaansen

Re: No one ever heard of risk analysis?

Exactly. Western journalists are self-declared guardians of democracy. Now they pull their punches? Now they don't ask the obvious follow up questions?

Also, regarding the BUK and how it was operated. Rebels usually "capture" these vehicles when the crew switches sides. So then you have the tools and the means to operate it. Obvious possibility, but somehow the self-declared guardians of democracy tiptoed around it.

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Computing student jailed after failing to hand over crypto keys

Johan Bastiaansen

encrypted?

Nah, just put the instructions in plain English. No politician will understand.

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Gid E-Up? Vulture's claw presses pedal to metal on VW's 'leccy motor

Johan Bastiaansen

Re: Really?

I would like to be defending lawyer.

Your honor, this car can have a status where one can not open the door. The technical term for this status is "locked". When the car is in this "locked" status, one can not open the door. In order to open the door, the cars status has to be changed to "unlocked".

This can can have another status where one can not switch on the airco. The technical term for this status "eco+". When the car is in "eco+" status, the airco can not be switched on. On order to switch the airco on, the cars status has to be changed to "eco" or "standard".

Oh, and one more thing, the cost of the lawsuit should be on mr. Gene Cash, don't you agree?

I rest my case your honor.

Where can I collect my cheque?

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Greenpeace rejoices after getting huge renewable powerplant CANCELLED

Johan Bastiaansen

Re: It's looking more and more...

In my opinion, future generations won't fly on vacation, or a city trip to Madrid.

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Piketty thinks the 1% should cough up 80%. Discuss

Johan Bastiaansen

"We have a welfare state, whose aim and purpose is to make us all richer."

WRONG ! ! !

The aim of the welfare state is to NOT have ordinary people confronted with beggars and people dying from hunger in the streets.

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WORLD HISTORY in SELFIES: So AMAZEBALLS your EYES will EXPLODE

Johan Bastiaansen

How are you feeling?

Not your usual chipper self eh?

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John Chambers sold millions of shares on first day of Cisco Live!

Johan Bastiaansen

Don't put your eggs in one basket

That's good advice, if you buy stock.

However, if you get paid in stock options, it's like being handed a basket of eggs.

I'm sure he reinvested most of that money, and he didn't buy Cisco shares.

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NOT APPY: Black cab drivers enraged by Hailo as taxi tech wars rage on

Johan Bastiaansen

Re: Showing their true colours

An "Uber verified driver"? What does that mean?

Transporting people is a profession. The authorities have rules, some on safety, others on responsibility in case of an accident. Perhaps you don't agree with these rules, that's your right in a democracy. You can try to overturn these rules, but until you do, you are legally bound to follow them.

An "Uber verified driver" is just a guy with a car and some free time, looking to make some extra cash, isn't he?

And you're just a tool, shouting "dinosaur" at everyone you don't agree with.

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Cold War spy aircraft CRASHED Los Angeles' air traffic control

Johan Bastiaansen

Civilian radar tracking a military plane?

Only if they were squawking loud and clear.

Did they ever think they had found that missing Boeing?

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It's spade sellers who REALLY make a killing in a gold rush: It's OVER for graphics card mining

Johan Bastiaansen

Re: Granted that passing around little pieces of paper may look strange to the uninitiated observer

Fraud is very profitable and is probably the oldest profession around. The only thing you need for fraud are gullible people. And a few are born every second.

Gullible people are always looking for a quick fix, a short cut, an easy way to make lots of money without doing any actual work. The think they're smarter than us, and that makes them vulnerable.

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Johan Bastiaansen

Re: ... "just to generate some data with no real (rather than arbitary) value "

The point is not the worth of the bitcoin or the greenback. The question is, did you do any valuable work?

To earn a greenback at least you would have to persuade someone that the value of your work, entitles you to this greenback.

To earn a bitcoin you've solved a riddle.

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EU: Let's cost financial traders $400m a day, because EVIL BANKERS. Right?

Johan Bastiaansen

Your worries about my pension fund are heartbreaking

But I hope the people managing my pension fund are trying to make wise, long term investments, not flip my money several times a day.

Therefore, this will not hit my pension fund where it hurts.

There's only one thing worse than ignorant politicians, and that's journalists with a (not so carefully) hidden agenda.

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Hey, Michael Lewis: Stop DEMONISING Wall Street’s SUPERHUMAN high-speed trading

Johan Bastiaansen

Let's see if I understand this correctly . . .

We should build a complex machine to run the market and our economy. Nobody really understands how it works, the algos interact with each other at an incredible speed. The life expectancy of these algos is a couple of weeks, so no time for any real testing.

And this is a great idea because HFT will reduce the cost of trading making it 99% more efficient, from 0.2% - 0.002%.

Not really. If a transaction of 100 is made, there was a cost of 0.2% or 99.8 efficiency. Now we have a cost of 0.002% or 99.998 efficiency. That's not a 100% increase in efficiency, it's a 0.1984% increase in efficiency.

Any other bright ideas Tim?

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Facebook's Zuckerberg buttonholes Obama, rages against NSA dragnet spying

Johan Bastiaansen

Zuck does have point

He doesn't want the government to spy on people. Surely in a free society, that's something a company should do, and they can sell that information to the government.

Zuck is losing money hand over fist here because he has to deal with a government backed competitor ! ! !

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Newsweek knocks on door of dad-of-six, tells him he invented Bitcoin

Johan Bastiaansen
FAIL

So he used his real name . . .

But nobody could find him?

Because he wasn't in the telephone-book?

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Passenger jet grounded by two-hour insect attack

Johan Bastiaansen

What worries me more is...

How stupid these automatic systems are designed. If several sensors should return the same or similar values, how difficult can it be to ignore the one that is clearly faulty? Very smart people, sitting comfortably behind a desk decide that the odd value should be used.

The automatic systems than floods the crew with non relevant information.

And when the plane crashes, these very smart people decide that the pilots, working in a stressful situation, really should have known better.

I remember a Turkish plane crashing in the Netherlands in a similar incident: en.wikipedia.org/wiki/Turkish_Airlines_Flight_1951

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NASA could have averted near DROWNING TERROR in SPACE

Johan Bastiaansen

inorganic contaminants

Inorganic? Will the cover-ups never cease?

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MtGox boss vows to keep going despite $429 MILLION Bitcoin 'theft'

Johan Bastiaansen

Re: Hands up who's shocked?

That's not the point. The point is that the backing of a government will prevent the bank from going under.

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Curiosity now going BACKWARDS

Johan Bastiaansen

Also

Also, the millage on the vehicle is decreasing instead of increasing. And that will have a positive effect on the trade in value.

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Apple's nonexistent iWatch to bag $17.5 BEEELION in first year alone – analyst

Johan Bastiaansen
Angel

Let's do the math

I know, this is considered witchcraft by some, or at least cheating.

If the iWatch sells for $299, it could total around $17.5bn in 12 short months, or around 58.5M pieces sold.

If the iWatch will sell at what many vendors regard as the "magic" impulse-buy price-point of $199, that figure would drop to just under the iPad's inaugural $12bn, or nearly 60M pieces sold.

Hey, that's very impressive magic right there, transforming 58.5M in nearly 60M. That guy with the fishes and the bread has nothing on you.

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HELLO LENOVO. Do you really, really want to make smartphones?

Johan Bastiaansen

Grown up

What you're describing is a mature market. Most people work in such an environment and make a decent living.

A competent manager can make a company pretty profitable there also. He'll have to put a leash on his ego though.

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Elderly Bletchley Park volunteer sacked for showing Colossus exhibit to visitors

Johan Bastiaansen

A solid effort . . .

But it looks like the nazi's won in the long run.

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Our Milky Way galaxy is INSIDE OUT. Just as we suspected, mutter boffins

Johan Bastiaansen
Angel

You're right, you're reading it wrongly.

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Johan Bastiaansen
Facepalm

No, if our sun was the centre of the galaxy, the sun wouldn't orbit in the galaxy.

The central part of the galaxy is defined as the space inside the orbit of the sun.

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MANIC MINERS: Ten Bitcoin generating machines

Johan Bastiaansen
Facepalm

Re: Bitcoin mining == Pyramid scheme

No it doesn't. I can grow potatoes on the land I buy.

Bitcoins are purely speculative.

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Johan Bastiaansen
Facepalm

Re: The leaf as currency

You're wrong.

Most people have a useful job. That means, they create something, or perhaps they are part of an organisation that creates something. To keep it simple: if you work in a carmanufactoring plant, you get paid for making a car, and with that money, you can eventually by one of the cars you make.

Solving riddles doesn't create anything. So for the money they make, they don't create any wealth.

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Johan Bastiaansen
Angel

miner '49er

there's no gold in them thar hills, but we will sell you a shovel and a pickaxe anyways.

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Apple badmouthing of court's monitor proves it NEEDS him - judge

Johan Bastiaansen
Happy

You lost me at "In fairness to Apple".

Greedy money grabbers, meet mr. Greedy Moneygrabber.

What goes around, comes around.

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Amazon workers in Delaware reject trade union membership

Johan Bastiaansen
Facepalm

Unions very bad ! ! !

People living in countries where unions are VERBOTEN are much happier.

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Yahooligans! cower! as! COO! was! reportedly! SACKED! by! Mayer!

Johan Bastiaansen
Angel

SACKED! by! Mayer!

she could sack me anytime.

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Ex-Oracle manager claims he was fired for asking to give Indian staff equal pay

Johan Bastiaansen

Re: Prepare for consumer inflation...probably

That's fine with me, I never by an Oracle license and probably never will.

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Johan Bastiaansen

Re: probably should have left it

They can only do that if you let them. If you fight it, they'll back down or loose a bundle.

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Johan Bastiaansen
Angel

and HR stands for . . .

Human Rats?

Heads rolling?

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Two websites you should show your boss if you want to be paid in Bitcoin

Johan Bastiaansen
Facepalm

Savvy?

Staff who want to be paid in bitcoin are savvy?

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Remember when SimCity ABSOLUTELY HAD to be online? Not any more – fancy that!

Johan Bastiaansen
Angel

Re: Isn't technology marvellous

Indeed, Zacherynuk and myself call that progress.

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Johan Bastiaansen
Angel

No no, you're wrong

They have a big budget to explain to people how very ethical they are. So they must be.

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Sinclair’s 1984 big shot at business: The QL is 30 years old

Johan Bastiaansen
Facepalm

Oh Sir Clive was so very clever

So a self declared very clever man, so clever he couldn't take advice from anybody, drove his company over the cliff eh?

Thanks God that would never happen today.

Arrogance created incompetence and together they create disaster.

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Thought the toilet camera was weird? Try actual thumb flash drives from tech's supershow

Johan Bastiaansen
Facepalm

Re: Daft

I agree, and that problem could have been solved by simply putting the USB on the outside. Good idea, bad execution.

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TomTom GO 6000 satnav chews on smarties and tablets

Johan Bastiaansen

Re: Commuter nav

No.

Our marketing people tell us there is no market for that. And they have a big budget, so they must be right.

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Beauty firm Avon sticks spike heel into $125m SAP-based sales project

Johan Bastiaansen

Re: @ dssf

Homo sapiens of any persuasion tend to get pissed when their order isn't processed.

At least on my planet.

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Ballmer: 'We made more money than almost anybody on the PLANET'

Johan Bastiaansen

Re: An apples-and-apples comparison? Stock splits ARE important to stockholders.

Taking into account inflation and dividends.

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Johan Bastiaansen

Re: Making money is one thing...

Psychopaths only love themselves.

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