Interesting Links for 24-05-2012
May. 24th, 2012 12:00 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
andrewducker- Russia and Japan aim to build moonbases
- Phthalates in PVC floors taken up by the body in infants - suspected to cause asthma and disrupt hormones
- No, Facebook did not make Bono world's richest musician
- Where all the money goes when you pay for something on Kickstarter
And you can easily see how if you haven't thought it through you could take in a million dollars and then end up taking a loss on it.
- Greg Rucka: Why I Write Strong Female Characters
- 5 Internet Annoyances That Are Way Older Than the Internet
- Gay marriage: Conservative MPs to get free vote
Not unexpected. I am hoping that sufficient Labour support is there to carry the motion.
- Free banking in the UK is a dangerous myth
- Caesarean section delivery may double risk of childhood obesity: May be due to different gut bacteria
- Elephant mourns the dog she loved for eight years. Warning: Video will make you cry.
- A Rant: Enough Of Single-Player MMOs
- Peace talks between Apple and Samsung fail - the final line made my drink come out of my nose.
- The behaviour around the Olympics seems to be turning Britain into something out of 1984.
- Mad Men Style: a nice analysis of what the clothing in the most recent episode of Mad Men was being used to show.
- The average medical device has a clock running 24 minutes out.
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no subject
Date: 2012-05-24 11:44 am (UTC)Of over 1,700 devices checked, only 3% were found to be accurate to within three seconds. One in five were off by more than 30 minutes; one ultrasound machine was running 42 years (and some minutes) early. The average error was a staggering 24 minutes.
Ahem... If *only* the ultrasound machine was wrong and every other machine was exactly correct the average error is already 12,985 minutes. I think the article has missed out some details. I guess the "average" is not the best measure here.
no subject
Date: 2012-05-24 12:04 pm (UTC)It’s all around asymetrical risk or the lack of it.
If your kickstarter is to raise $25k and in exchange you’ll spend a year writing a book, then no one can lose. If the deal is that you finish the book, you might lose and have to hand back the money or trash your reputation so much that you can’t ever raise finance this way again.
For something more complicated, if the obligations that you as an artist enter into don’t match the financing, then you have a potential problem. The most obvious example being that you are using the Kickstater finance to pay deposits for services like studio rental or backing musicians and hope to settle the balance of the bills from record sales and you either don’t finish the album or it doesn’t sell then you’re in trouble.
I think in Palmer’s case the exposure to unmatched risk is that servicing the mulititude of slightly open ended commitments might, or might not be covered by the $1m funding.
So all good fun and games.
But fundamentally no different in some ways than traditional project funding. You put some money in, you might get the project completed. You complete the project it might work. It works, you might be able to sell it. What feels different is that each art project doesn’t sit within a portfolio of other projects. There’s no cross subsidy of the Michael Jackson back catalogue for potentially break through artists.
I think the difference is the disintermediation of the financing model. The internets allows artists to connect with lots of small scale patrons.
I’m fascinated and very excited by the whole Kickstarter thing. It’s like Jeff Bezos happened to capitalism.
no subject
Date: 2012-05-24 12:05 pm (UTC)no subject
Date: 2012-05-24 12:06 pm (UTC)no subject
Date: 2012-05-24 12:17 pm (UTC)no subject
Date: 2012-05-24 12:17 pm (UTC)no subject
Date: 2012-05-24 12:19 pm (UTC)However, you're assuming that there weren't, say, two machines running 21 years fast, and they did the averaging in a particularly stupid (but obvious-looking) way.
Admittedly there's an obvious and simple single explanation for a machine running '42 years (and some minutes)' slow, which there isn't for two running 21 years fast.
no subject
Date: 2012-05-24 12:20 pm (UTC)no subject
Date: 2012-05-24 12:23 pm (UTC)no subject
Date: 2012-05-24 12:25 pm (UTC)I'm not an expert in that kind of thing, and nowadays remembering the difference between median and mode is enough to have me reaching for wikipedia.
no subject
Date: 2012-05-24 12:31 pm (UTC)no subject
Date: 2012-05-24 12:40 pm (UTC)no subject
Date: 2012-05-24 12:49 pm (UTC)no subject
Date: 2012-05-24 12:50 pm (UTC)So $100k would have made her enough money that it would be worthwhile, but more is better. Less than $100k and the costs would outweigh the benefits.
no subject
Date: 2012-05-24 12:54 pm (UTC)no subject
Date: 2012-05-24 01:03 pm (UTC)no subject
Date: 2012-05-24 01:14 pm (UTC)no subject
Date: 2012-05-24 01:16 pm (UTC)no subject
Date: 2012-05-24 05:54 pm (UTC)no subject
Date: 2012-05-24 07:16 pm (UTC)http://inanage.com/2012/05/23/revisiting-single-player-mmos/
no subject
Date: 2012-05-25 07:53 am (UTC)no subject
Date: 2012-05-25 07:22 pm (UTC)