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@kiwiwomble said in Is this thing sustainable?:
@donsteppa delete the last line, the whole things is worth reading
Done It was a "tl;dr" line for anyone wondering...
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@donsteppa no way we are on the way out. And there is still a lot of cool shit happening that are causes for optimism.
But there are parts of our future i struggle to wrap my head around.
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@mariner4life said in Is this thing sustainable?:
@donsteppa no way we are on the way out. And there is still a lot of cool shit happening that are causes for optimism.
But there are parts of our future i struggle to wrap my head around.
so
future? yes
what does it looking? next to no idea
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It'll never be the end of the world but it's a shame (and a backwards step) if the kids grow up in a regulated, sanitized, less carefree existence, with adult concepts constantly foistered upon them.
But then again does a battery hen know of the life a free range hen lives?🙂
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I'm an optimist. Reckon we will be fine until that asteroid hits or that zombie virus arrives
Enjoyed this podcast if anyone is interested
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saw a funny comment that, paraphrased, was essentially
The space race used to be between nations, now it's between rich fluffybunnies.
Maybe the system is a bit fucking broken.
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@mariner4life said in Is this thing sustainable?:
saw a funny comment that, paraphrased, was essentially
The space race used to be between nations, now it's between rich fluffybunnies.
Maybe the system is a bit fucking broken.
It might have been fixed.
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@snowy said in Is this thing sustainable?:
@mariner4life said in Is this thing sustainable?:
saw a funny comment that, paraphrased, was essentially
The space race used to be between nations, now it's between rich fluffybunnies.
Maybe the system is a bit fucking broken.
It might have been fixed.
... and they are spending way, way less and achieving a shedload more.
SpaceX was founded on $100M. Everything raised after their initial success was based on track record and the ability to launch. And they are literally revolutionising space. And failing spectacularly along the way.
Remember, it's only been 5 years since a rocket was landed and re-used. Now it's routine, and those bad boys are properly re-usable with engines flying more than 10x... and multiple times a year. This shit is a revolution, and it's awesome
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@kiwiwomble said in Is this thing sustainable?:
@nzzp is that all? $100m
that was what Elon put in originally to get the engines developed and flying. There may have been a match from funders, but it was in that order.
Of course, now they are flying they are getting massive rounds of funding - but the initial proof to get contracts was tiny compared to other budgets.
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@nzzp said in Is this thing sustainable?:
... and they are spending way, way less and achieving a shedload more.
Yep.
No taxpayer dollars and the usual wastage. Seems like a better way to do things to me.
@nzzp said in Is this thing sustainable?:
And failing spectacularly along the way.
NASA weren't exactly great over the years either. Even with government funding and a politically driven agenda over their cold war rivals. So I'll cut Elon some slack.
I realise what you're saying wasn't a crack at SpaceX, just that they have had some misses as well as hits, and yes the hits are game changers.
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@snowy said in Is this thing sustainable?:
@nzzp said in Is this thing sustainable?:
... and they are spending way, way less and achieving a shedload more.
Yep.
No taxpayer dollars and the usual wastage. Seems like a better way to do things to me.
@nzzp said in Is this thing sustainable?:
And failing spectacularly along the way.
NASA weren't exactly great over the years either even with government funding a nd a politically driven agenda over their cold war rivals. So I'll cut Elon some slack. I know what you're saying wasn't a crack at them as well, just that they have had some misses as well as hits, and yes the hits are game changers.
I'm trying to emphasise that they are free to fail, and fail spectacularly. But, because they are privately funded, they don't care - so they are iterating to better places quickly. Starship is a prime example of this, as is attempting to land boosters. It's a feature, not a bug.
@kiwiwomble Wikipedia has this:
As of May 2012, SpaceX had operated on total funding of approximately $1 billion in its first ten years of operation. Of this, private equity provided about $200M, with Musk investing approximately $100M and other investors having put in about $100M (Founders Fund, Draper Fisher Jurvetson, ...).[80] The remainder has come from progress payments on long-term launch contracts and development contracts.
I think the payment remainder came after they put a payload into orbit. If you get the chance, read 'Liftoff' by Eric Berger. Easy read, and absolutely fascinating.
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@nzzp said in Is this thing sustainable?:
I'm trying to emphasise that they are free to fail, and fail spectacularly. But, because they are privately funded, they don't care - so they are iterating to better places quickly. Starship is a prime example of this, as is attempting to land boosters. It's a feature, not a bug.
Oh I got it and I agree. It's the best way to get the innovation that we are seeing.
There is a reason for the expression "it's not rocket science". Rocket science is a bit tricky.
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@snowy said in Is this thing sustainable?:
There is a reason for the expression "it's not rocket science". Rocket science is a bit tricky.
Yeah the taking off bit seems to be pretty worked out but everyone at T+1 second starts to go off the charts for Probability of Failure.
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@nta said in Is this thing sustainable?:
@snowy said in Is this thing sustainable?:
There is a reason for the expression "it's not rocket science". Rocket science is a bit tricky.
Yeah the taking off bit seems to be pretty worked out but everyone at T+1 second starts to go off the charts for Probability of Failure.
Haha yeah. Not sure that the whole "taking off is pretty worked out" just yet if they get that freaked.
Landing a rocket thing, and using it again? Fuck.
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So, how much of a concern is Evergrande's impending default ($300B in debt)?
With more than $300 billion of liabilities, Evergrande may roil lenders, suppliers, small businesses and millions of homebuyers should it collapse. Chinese authorities have kept quiet about their plans for the company so far, aside from urging it to resolve its debt risks.
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@tim said in Is this thing sustainable?:
So, how much of a concern is Evergrande's impending default ($300B in debt)?
With more than $300 billion of liabilities, Evergrande may roil lenders, suppliers, small businesses and millions of homebuyers should it collapse. Chinese authorities have kept quiet about their plans for the company so far, aside from urging it to resolve its debt risks.
IIRC, Lehman Brothers was about $600B.
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@tim said in Is this thing sustainable?:
@tim said in Is this thing sustainable?:
So, how much of a concern is Evergrande's impending default ($300B in debt)?
With more than $300 billion of liabilities, Evergrande may roil lenders, suppliers, small businesses and millions of homebuyers should it collapse. Chinese authorities have kept quiet about their plans for the company so far, aside from urging it to resolve its debt risks.
IIRC, Lehman Brothers was about $600B.
It's a concern which will jolt the market if it goes down ... but very different to Lehman in that it's much less linked. 300B is a lot, but is quite easily recoverable depending on how much it's spread.
Lehman is kind of like a city's water supply being tainted - everybody is affected. Evergrande is a bit more like a suburb having a long term blackout. Much more meaningful to those directly involved, but less affect outside the area.
Is this thing sustainable?