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Archive for the ‘finance’ category: Page 146

Apr 19, 2013

Bitcoin’s Dystopian Future

Posted by in categories: bitcoin, cybercrime/malcode, economics, ethics, finance, futurism, information science, lifeboat, open source, policy

I have seen the future of Bitcoin, and it is bleak.


The Promise of Bitcoin

If you were to peek into my bedroom at night (please don’t), there’s a good chance you would see my wife sleeping soundly while I stare at the ceiling, running thought experiments about where Bitcoin is going. Like many other people, I have come to the conclusion that distributed currencies like Bitcoin are going to eventually be recognized as the most important technological innovation of the decade, if not the century. It seems clear to me that the rise of distributed currencies presents the biggest (and riskiest) investment opportunity I am likely to see in my lifetime; perhaps in a thousand lifetimes. It is critically important to understand where Bitcoin is going, and I am determined to do so.

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Jan 3, 2013

Explaining Space Travel

Posted by in categories: asteroid/comet impacts, biological, defense, engineering, ethics, existential risks, finance, geopolitics, habitats, military, nuclear energy, nuclear weapons, space, transparency

I recently posted this on the only two other sites that will allow me to express my opinions;

I see the problem as one of self similarity; trying to go cheap being the downfall of all these schemes to work around human physiology.

When I first became interested in space travel several years ago I would comment on a couple blogs and find myself constantly arguing with private space proponents- and saying over and over again, “there is no cheap.” I was finally excommunicated from that bunch and banned from posting. They would start calling me an idiot and other insults and when I tried to return the favor the moderator would block my replies. The person who runs those two sites works for a firm promoting space tourism- go figure.

The problem is that while the aerospace industry made some money off the space program as an outgrowth of the military industrial complex, it soon became clear that spaceships are hard money- they have to work. The example of this is the outrage over the Apollo 1 fire and subsequent oversight of contractors- a practice which disappeared after Apollo and resulted in the Space Shuttle being such a poor design. A portion of the shuttle development money reportedly went under the table into the B-1 bomber program; how much we will never know. Swing wings are not easy to build which is why you do not see it anymore; cuts into profits.

Continue reading “Explaining Space Travel” »

Dec 15, 2012

The Fabulous Spaceport Colorado (Part 1)

Posted by in categories: business, defense, engineering, finance, geopolitics, space

Last month a colleague of mine and I visited with Dennis Heap, Executive Director of the National Front Range Airport, at Watkins, CO, the location of the future Spaceport Colorado, and Colorado’s contribution to getting into space.

On April 19, 2012, Gov. John Hickenlooper signed a bill that limited a spaceflight entity’s liability for spaceflight participants and paved the way for Spaceport Colorado’s development. The Front Range Airport Authority situated on 3,900 acres will allocate 900 acres towards the development and construction of Spaceport Colorado and ancillary facilities. The next steps are the completion of an environmental assessment, and feasibility and marketing study. This is expected to be completed by end of 2013.

In the 1995–96 I was Head of Corporate Planning at Westport, a $1 billion seaport infrastructure project in Malaysia, where I created and deployed the 7-hour port strategy, streamlined financial controls, container handling and container tariffs, reducing incoming (wharf to gate) dwell time to zero hours compared to the then world’s largest container port, Port Authority of Singapore’s (PSA) 18-hours. Westport was able to grow substantially, to the point where, in 2011, Westport handled 6.4 million TEUs compared to PSA’s 29.9 million TEUs. (TEU = Twenty-foot Equivalent Units or half a container)

So it caught my attention when Dennis Heap said Spaceport Colorado will be 33 miles (53 km) east of the city of Denver and about 6 miles (10 km) south of Denver International Airport (DIA).

Continue reading “The Fabulous Spaceport Colorado (Part 1)” »

Nov 13, 2012

Smithsonian National Air and Space Museum: No Lifeboats Please

Posted by in categories: defense, education, engineering, existential risks, finance, military, space

It was on a long-haul flight many months ago that I recalled a visit to the National Air and Space Museum [1] to a fellow passenger whom I struck up conversation with. Asking if I could recommend somewhere to visit in Washington DC, I recounted how I had spent an entire day amazing at the collection of historic aircraft and spacecraft on my only visit to that city fifteen years or so previous as a young adult — and as always a kid at heart.

Seeing the sheer scale of the F-1 engine for the Saturn 5 rocket first hand, stepping inside an Apollo command module identical to those used during the Apollo program, not to mention seeing full life-size replicas of the Lunar Roving Vehicle, an Apollo Lunar Module and for some reason what seemed most surreal to me… the Viking 1 Lander. This was enchantment.

However, for all the amazement that such a museum can provide, it is also a saddening reminder that what once was the forefront of human ambition and endeavor has now been largely resigned to history. NASA budgets are cut annually [2] whilst military expenditure takes ever more precedence. A planned six percent budget decrease in 2013 is the equivalent savings to three hours of the Iraq and Afghanistan Wars. Instead of reaching to explore outer-space we are encouraged to get excited about the equivalent billions [3] invested on science exploring the subatomic inner-space world. Meanwhile, we tend to forget that the ambitions of space exploration are not just to satisfy some wide-eyed childhood yearning to explore, but the serious and sobering prospect of needing to ensure that we as a species can eventually colonize to other worlds and ensure we are not counting down the days to our extinction on an ever-more-precarious planetary solitude.

In the face of such indifference, such concepts of lifeboats have become marginalized to what is perceived to be a realm solely for loons and dreamers, or ‘space cadets’ as we used to call them back in the days of school. The trillion dollar question really is what it takes to redirect all that military investment into science & exploration instead. It is down to credibility. Governments shy away from investing public funds when there is a lack of credibility.

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Oct 17, 2012

The Kline Directive: Theoretical-Empirical Relationship (Part 1)

Posted by in categories: business, cosmology, defense, economics, education, engineering, events, finance, human trajectories, particle physics, philosophy, physics, policy

To achieve interstellar travel, the Kline Directive instructs us to be bold, to explore what others have not, to seek what others will not, to change what others dare not. To extend the boundaries of our knowledge, to advocate new methods, techniques and research, to sponsor change not status quo, on 5 fronts:

1. Legal Standing. 2. Safety Awareness. 3. Economic Viability. 4. Theoretical-Empirical Relationship. 5. Technological Feasibility.

In Part 1 of this post I will explore Theoretical-Empirical Relationship. Not theoretical relationships, not empirical relationships but theoretical-empirical relationships. To do this let us remind ourselves what the late Prof. Morris Kline was getting at in his book Mathematics: The Loss of Certainty, that mathematics has become so sophisticated and so very successful that it can now be used to prove anything and everything, and therefore, the loss of certainty that mathematics will provide reasonability in guidance and correctness in answers to our questions in the sciences.

History of science shows that all three giants of science of their times, Robert Boyle, Isaac Newton & Christiaan Huygens believed that light traveled in aether medium, but by the end of the 19th century there was enough experimental evidence to show aether could not be a valid concept. The primary experiment that changed our understanding of aether was the Michelson–Morley experiment of 1887, which once and for all proved that aether did not have the correct properties as the medium in which light travels.

Continue reading “The Kline Directive: Theoretical-Empirical Relationship (Part 1)” »

Oct 14, 2012

The Kline Directive: Economic Viability

Posted by in categories: business, complex systems, defense, economics, education, engineering, finance, military, nuclear weapons, philosophy, physics, policy, scientific freedom, space, sustainability

To achieve interstellar travel, the Kline Directive instructs us to be bold, to explore what others have not, to seek what others will not, to change what others dare not. To extend the boundaries of our knowledge, to advocate new methods, techniques and research, to sponsor change not status quo, on 5 fronts:

1. Legal Standing. 2. Safety Awareness. 3. Economic Viability. 4. Theoretical-Empirical Relationship. 5. Technological Feasibility.

In this post I will explore Economic Viability. I have proposed the Interstellar Challenge Matrix (ICM) to guide us through the issues so that we can arrive at interstellar travel sooner, rather than later. Let us review the costs estimates of the various star drives just to reach the velocity of 0.1c, as detailed in previous blog posts:

Interstellar Challenge Matrix (Partial Matrix)

Propulsion Mechanism Legal? Costs Estimates
Conventional Fuel Rockets: Yes Greater than US$1.19E+14
Antimatter Propulsion: Do Not Know. Between US$1.25E+20 and US$6.25E+21
Atomic Bomb Pulse Detonation: Illegal. This technology was illegal as of 1963 per Partial Test Ban Treaty Between $2.6E12 and $25.6E12 . These are Project Orion original costs converted back to 2012 dollar. Requires anywhere between 300,000 and 30,000,000 bombs!!
Time Travel: Do Not Know. Requires Exotic Matter, therefore greater than antimatter propulsion costs of US$1.25E+20
Quantum Foam Based Propulsion: Do Not Know. Requires Exotic Matter, therefore greater than antimatter propulsion costs of US$1.25E+20
Small Black Hole Propulsion: Most Probably Illegal in the Future Using CERN to estimate. At least US$9E+9 per annual budget. CERN was founded 58 years ago in 1954. Therefore a guestimate of the total expenditure required to reach its current technological standing is US$1.4E11.

Note Atomic Bomb numbers were updated on 10/18/2012 after Robert Steinhaus commented that costs estimates “are excessively high and unrealistic”. I researched the topic and found Project Orion details the costs, of $2.6E12 to $25.6E12, which are worse than my estimates.

Continue reading “The Kline Directive: Economic Viability” »

Oct 10, 2012

The Kline Directive: Legal Standing

Posted by in categories: business, complex systems, defense, economics, engineering, ethics, finance, philosophy, physics, policy, space

To achieve interstellar travel, the Kline Directive instructs us to be bold, to explore what others have not, to seek what others will not, to change what others dare not. To extend the boundaries of our knowledge, to advocate new methods, techniques and research, to sponsor change not status quo, on 5 fronts:

1. Legal Standing. 2. Safety Awareness. 3. Economic Viability. 4. Theoretical-Empirical Relationship. 5. Technological Feasibility.

In this post I will explore Legal Standing.

With respect to space exploration, the first person I know of who pushed the limits of the law is Mr. Gregory W. Nemitz of The Eros Project. He started this project in March 2000. As a US taxpayer, Nemitz made the claim that he is the Owner of Asteroid 433, Eros, and published his claim about 11 months prior to NASA landing its “NEAR Shoemaker” spacecraft on this asteroid.

Continue reading “The Kline Directive: Legal Standing” »

Oct 9, 2012

The Kline Directive: Introduction

Posted by in categories: business, complex systems, defense, economics, engineering, ethics, finance, philosophy, physics, policy, space

Science and engineering are hard to do. If it wasn’t we would have a space bridge from here to the Moon by now. If you don’t have the real world practical experience doing either science or engineering you won’t understand this, or the effort and resources companies like Boeing, Lockheed, SpaceX, Orbital Sciences Corp, Scaled Composites, Virgin Galactic, and the Ad Astra Rocket Company have put into their innovations and products to get to where they are, today.

If we are to achieve interstellar travel, we have to be bold.
We have to explore what others have not.
We have to seek what others will not.
We have to change what others dare not.

The dictionary definition of a directive is, an instruction or order, tending to direct or directing, and indicating direction.

Dictionary of Military and Associated Terms, US Department of Defense 2005, provides three similar meanings,

Continue reading “The Kline Directive: Introduction” »

Oct 8, 2012

Congratulations SpaceX

Posted by in categories: engineering, finance, open source, scientific freedom, space

The New York Time reported Space Exploration Technologies of Hawthorne, Calif. — SpaceX, for short — launched its Falcon 9 rocket on schedule at 8:35 p.m. Eastern time from Cape Canaveral, Fla.

The Wall Street Journal reported, “trouble-free countdown followed by liftoff at 8:35 p.m. ET, precisely as scheduled.”

Maj. Gen. Charles F. Bolden Jr., the NASA administrator said, “It actually marks the beginning of true commercial spaceflight to take cargo to the International Space Station for us.”

This is a milestone in the relationship between public and private enterprise. The handoff of what public enterprise, NACA/NASA, pioneered, developed and brought to maturity, to private enterprises capable of lowering the costs of space travel with ambitions to do more than stay in low earth orbit.

Congratulations, to Elon Musk, who believed it was possible, and went ahead and proved all the nay sayers wrong. This is an example of how one man’s vision and tenacity has changed the way we perceive the world. Congratulations!

Oct 4, 2012

How do you debunk this?

Posted by in categories: defense, engineering, finance, particle physics, physics, scientific freedom, space

Previous post in this Debunking Series.

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This video was broadcast on G4TV, September 19th 2012.

http://www.g4tv.com/videos/60838/dr-eric-w-davis-on-new-ligh…g-science/

Continue reading “How do you debunk this?” »