My Useless Thread ...

The Cathedral and the Bazaar

BTW - Milton Friedman also wrote on this topic and it is a core part of market theory...which might be looking a little duller today than last summer...

A lot of the criticism of MS over the years analysis's this affect and ... understand... its not paying for an opinion which is the problem. Its a creating of a new class of grading over and above the standard grading which results NEW market forces which are not proportional to a normal rational and as Friedman puts it, unfettered and true market response which makes the CAC distasteful...aside which the stickers are stupid.


Ruben

 

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Meh, see it for what it is. Use it if you see fit.

I'm not sure any new "class" is being set over and above that which is already present in this imperfect market. Quite candidly, if a perfect market is your nirvana, coins aren't for you.

 

p.s. by that same logic, wouldn't all grading be bad? hmmmm

 

Looking at catherdral now....

Oh wonderful, more hacker and open source indoctrination.

 

p.s. 2600 was so 1984, the same year I visited by a few government organizations for phreaking. I started school at GT in 1988. Need I say more?

 

yes - that is the beginning of the problem. Actually the market is perfect...but that is another useless discussion.

In theory, the more information, and the more freely available information is, the greater the market is near ideal and rational. However, there is a segment of study based on the effects of expertise on market forces. And that is the area we are talking here about....of course.

the bottom line is this: Expertise in of itself doesn't guarantee fair market conduct, and is actually a warping influence of all markets. At some point, expertise warps perception enough to become abussive and a source of fraud.


Not all experts are frauds. Not all use of expert information is used abussively. At no time did i say that, nor would I imply that. I would say that what CAC does makes a segment of the coin market crazy and warps coin values unjustifiably....and really that is the definition of abusive.

Ruben

 

No - that book is about economic models and is considered a must read. It was mandated at IBM and quite a few business schools.

If I wanted Free Software indoctrination I'd point you at this

http://oreilly.com/openbook/freedom/

Oh yes - Eric is a gun nut...

Ruben

 

No

1984 is so 1940 and didn't happen until now.

2600 is so like 1996 and now its all slashdotted, myspaced, facebooks, youtubed and twittered to death.

Of course this all presumes that these things aren't matters of great important truths and are instead fads like the dot com bubble.

Gee... here we are discussing this on a PHP app I'd helped to debug once or twice on a platform developed in the heat of the dot com bubble on a platform that is still driving most of the economy...

Maybe the dotcom bubble wasn't a fad and that 2600 deals with issues that are eternal truths?

I told you this is a useless thread.

where is my quote on engineering...

Ah - Here it is!

You must be a stupid engineer then, because politcs and technology have been attached at the hip since the 1st dynasty in Ancient Egypt. I guess you missed that one.


Ruben

 

BTW - Mike

You exposed something I've actually suspected for quite some time...

your an exceptionally intelligent and interesting fellow with a broad scope and whity intellect.

Ruben

 

Does that sticker smell like a shower curtain ? Ooops ! wrong thread..............John

 

Yes. And we could take away all fear, uncertainty and doubt if we just disposed of the grading system altogether. Give no reward for a high MS coin, nor a penalty for one. If they'd just average the high and the low price of every coin known to man and charge that same price for AG through MS70, then yeah, we can get rid of certified grading. Then all that truly matters is your opinion, because it has no bearing on the price.

Until that goes into effect, I suspect most people will have fear, uncertainty and doubt and will be happy to have people that grade and authenticate coins every day of their lives for a living, giving their opinion.

 

seems pretty fishy to me...

 

Ah -

Here is the trouble. FUD is only FUD when it's impact is intended or results in a change in market behavior which is not rational.

CAC definitely falls under this, as does MS70 grading with normal TPG slabbers.

Ruben

 

Wow,

Two new avatars in one week. I like this one Ruben, it is a keeper. Is it yours?

 

And a good Captain Crunch toot for the both of you

Jim

 

Huh?

 

Sorry, I should have said to Rueben and Leadfoot

Jim

 

No matter who it was directed at, I still don't know what a Captain Crunch Toot is. Huh?

 

Leadfoot, I received a similar letter from Ma. Bell saying the same thing. But that was OK, I never used the home phone for "testing".

Jim

 

Lehigh, it is ancient technology of the early hackers.

http://www.webcrunchers.com/crunch/Play/history/home.html