rkbabang Posted November 25, 2020 Posted November 25, 2020 Similar to your argument that the Internet was inevitable ever since the first integrated circuit was invented... Take all credit away for anything that has been done for Operation Warp Speed -- a vaccine was inevitable. Bad analogy. A vaccine is not inevitable. Sending bits between computers is.
LC Posted November 25, 2020 Posted November 25, 2020 Similar to your argument that the Internet was inevitable ever since the first integrated circuit was invented... Take all credit away for anything that has been done for Operation Warp Speed -- a vaccine was inevitable. Bad analogy. A vaccine is not inevitable. Sending bits between computers is. This reminds me of that Buffett quote about if hindsight was worthwhile, librarians would be the best investors.
DooDiligence Posted November 25, 2020 Posted November 25, 2020 Guy's, stop it! Jules Verne invented the internet. For real! He also invented science fiction (kind of). --- Speaking of depression, I invented this. https://www.reuters.com/article/us-people-hugh-hefner/gold-viagra-ring-and-first-playboy-issue-sold-in-hefner-auction-idUSKCN1O103Z I sent this ring to Hefner after the product was discussed on Playboy radio. I have a few more of these & would love to get the same $22,400 that this one fetched at auction. Howard Stern goofed on it & Jay Leno touted it on his show as "one of the stupidest ideas I've ever seen". He was not wrong & the project was a huge flop (pun intended).
Spekulatius Posted November 25, 2020 Posted November 25, 2020 Going back to the topic of the thread - where is the predicted recession like we have never seen before? When is the stock market finally getting the message?
DooDiligence Posted November 25, 2020 Posted November 25, 2020 Going back to the topic of the thread - where is the predicted recession like we have never seen before? When is the stock market finally getting the message? Hasn't the stock market predicted like 100 of the last 5 recessions?
rb Posted November 25, 2020 Posted November 25, 2020 Going back to the topic of the thread - where is the predicted recession like we have never seen before? When is the stock market finally getting the message? Simple answer you don't know. Economics is a social science whose basic whole purpose is the study of recessions. I got a couple of degrees in that. After 100+ years the conclusion that was arrived at is that recessions happen due to exogenous shocks. Exogenous shocks by definitions are impossible to predict. Ergo you can't predict the next recession.
ERICOPOLY Posted November 25, 2020 Posted November 25, 2020 Similar to your argument that the Internet was inevitable ever since the first integrated circuit was invented... Take all credit away for anything that has been done for Operation Warp Speed -- a vaccine was inevitable. Bad analogy. A vaccine is not inevitable. Sending bits between computers is. You misunderstand me. We already know that a vaccine has been developed. My point is that the development was inevitable without Trump's help, but credit him for speeding it along. Look at the context, I'm not generalizing that all vaccines are inevitable. Similarly, Marc Andreeson was on that NCSA Mosaic development team and then went on to Netscape where he brought it to the masses. And Al Gore's efforts brought the funding to MOSAIC's development. Then, in December 1991, the Gore Bill created and introduced by then Senator and future Vice President Al Gore was passed, which provided the funding for the Mosaic project. Development began in December 1992. https://en.wikipedia.org/wiki/Mosaic_(web_browser)
rkbabang Posted November 25, 2020 Posted November 25, 2020 Similar to your argument that the Internet was inevitable ever since the first integrated circuit was invented... Take all credit away for anything that has been done for Operation Warp Speed -- a vaccine was inevitable. Bad analogy. A vaccine is not inevitable. Sending bits between computers is. You misunderstand me. We already know that a vaccine has been developed. My point is that the development was inevitable without Trump's help, but credit him for speeding it along. Look at the context, I'm not generalizing that all vaccines are inevitable. Similarly, Marc Andreeson was on that NCSA Mosaic development team and then went on to Netscape where he brought it to the masses. And Al Gore's efforts brought the funding to MOSAIC's development. Then, in December 1991, the Gore Bill created and introduced by then Senator and future Vice President Al Gore was passed, which provided the funding for the Mosaic project. Development began in December 1992. https://en.wikipedia.org/wiki/Mosaic_(web_browser) Ok I get what you're saying, but the web isn't the internet, it is just one of many protocols that run on top of it. The internet itself can trace its roots back to the late 1960s snd TCP/IP was certainly being used by the mid 70s. Also if Trump claimed that he "created" a vaccine I would think that he was delusional as well.
ERICOPOLY Posted November 25, 2020 Posted November 25, 2020 Similar to your argument that the Internet was inevitable ever since the first integrated circuit was invented... Take all credit away for anything that has been done for Operation Warp Speed -- a vaccine was inevitable. Bad analogy. A vaccine is not inevitable. Sending bits between computers is. You misunderstand me. We already know that a vaccine has been developed. My point is that the development was inevitable without Trump's help, but credit him for speeding it along. Look at the context, I'm not generalizing that all vaccines are inevitable. Similarly, Marc Andreeson was on that NCSA Mosaic development team and then went on to Netscape where he brought it to the masses. And Al Gore's efforts brought the funding to MOSAIC's development. Then, in December 1991, the Gore Bill created and introduced by then Senator and future Vice President Al Gore was passed, which provided the funding for the Mosaic project. Development began in December 1992. https://en.wikipedia.org/wiki/Mosaic_(web_browser) Ok I get what you're saying, but the web isn't the internet, it is just one of many protocols that run on top of it. The internet itself can trace its roots back to the late 1960s snd TCP/IP was certainly being used by the mid 70s. Also if Trump claimed that he "created" a vaccine I would think that he was delusional as well. To many, or to most, "the Internet" was invented in the 1990s when a user interface was dumbed down enough for them to make use of it. That's when it took off and AOL Online, etc... That's what Gore was referencing. That was a mind-blowing transformation that didn't begin in the 1960s or 1970s. It began when a graphical user interface was built, and it was funded by "the Gore Bill". To your other comment: Trump Falsely Takes Credit For Pfizer Vaccine Success https://www.forbes.com/sites/roberthart/2020/11/10/trump-falsely-takes-credit-for-pfizer-vaccine-success-accuses-fda-and-democrats-of-stalling-news-until-after-election/?sh=7f8b0d1c5c8e
Investor20 Posted November 25, 2020 Posted November 25, 2020 Similar to your argument that the Internet was inevitable ever since the first integrated circuit was invented... Take all credit away for anything that has been done for Operation Warp Speed -- a vaccine was inevitable. Bad analogy. A vaccine is not inevitable. Sending bits between computers is. You misunderstand me. We already know that a vaccine has been developed. My point is that the development was inevitable without Trump's help, but credit him for speeding it along. Look at the context, I'm not generalizing that all vaccines are inevitable. Similarly, Marc Andreeson was on that NCSA Mosaic development team and then went on to Netscape where he brought it to the masses. And Al Gore's efforts brought the funding to MOSAIC's development. Then, in December 1991, the Gore Bill created and introduced by then Senator and future Vice President Al Gore was passed, which provided the funding for the Mosaic project. Development began in December 1992. https://en.wikipedia.org/wiki/Mosaic_(web_browser) Ok I get what you're saying, but the web isn't the internet, it is just one of many protocols that run on top of it. The internet itself can trace its roots back to the late 1960s snd TCP/IP was certainly being used by the mid 70s. Also if Trump claimed that he "created" a vaccine I would think that he was delusional as well. To many, or to most, "the Internet" was invented in the 1990s when a user interface was dumbed down enough for them to make use of it. That's when it took off and AOL Online, etc... That's what Gore was referencing. That was a mind-blowing transformation that didn't begin in the 1960s or 1970s. It began when a graphical user interface was built, and it was funded by "the Gore Bill". To your other comment: Trump Falsely Takes Credit For Pfizer Vaccine Success https://www.forbes.com/sites/roberthart/2020/11/10/trump-falsely-takes-credit-for-pfizer-vaccine-success-accuses-fda-and-democrats-of-stalling-news-until-after-election/?sh=7f8b0d1c5c8e Timing is everything for Coronavirus Vaccine. The shortest ever vaccine is in 4 years (Mumps). Average vaccine development in 10 years. Also private industry itself developing vaccine is easier said than done. There are regulatory aspects to begin with. Also, private investment in these is not easy. Either there will many vaccines, so moat is difficult to find or vaccine development fails as vaccine success is based a lot on human biology - vaccine is not inevitable. Warp speed was started in April - that is it took 8 months to launch assuming it will be launched in December. I can see why a private investor would fund a GUI development and what would happen if took an year or two more?
Spekulatius Posted November 25, 2020 Posted November 25, 2020 Yes, governments as well as the potential reward from selling the vaccine caused the development to speed up. It wasn’t just warp speed either - BioNtech got ~460M Euro in R&D funding from the German government for example. Moderna got R&D funding from the US government, I believe. Both had contracts to sell the vaccine (in the US and elsewhere) if they can get approval. The internet really took off after the HTML protocol was developed at CERN in Geneva. Since other countries had it too at the same time, I don’t think Al Gore had much to do with it. The early funding in the 60’s and 70’s came from military funding in the US.
rkbabang Posted November 25, 2020 Posted November 25, 2020 Yes, governments as well as the potential reward from selling the vaccine caused the development to speed up. It wasn’t just warp speed either - BioNtech got ~460M Euro in R&D funding from the German government for example. Moderna got R&D funding from the US government, I believe. Both had contracts to sell the vaccine (in the US and elsewhere) if they can get approval. The internet really took off after the HTML protocol was developed at CERN in Geneva. Since other countries had it too at the same time, I don’t think Al Gore had much to do with it. The early funding in the 60’s and 70’s came from military funding in the US. Exactly and in both cases the web, or vaccines. I take issue with the politicians using words like "invented" or "created". There's a difference between throwing a lot of money at a lot of smart people and hoping something comes from it, and actually "creating" something. I invested in Netflix years before they offered streaming, so I created Netflix's streaming service. In the case of the politicians it is pretty easy to do when the money is being taken from other people first. "I had the vision to take other people's money by force and invest it in the internet." Hardly heroic.
DooDiligence Posted November 25, 2020 Posted November 25, 2020 pedantic semantic vedantic And correct. Disqualified. All posts must rhyme from now on.
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