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Saturday, March 27, 2010
The Meaning of Credit

Credit is the other side of debt.

When I give you credit, I give you the benefit of the doubt or debt.

For example, if you claim to be a plumber and ask for plumbing work and I do not know you, who bears the risk?

I bear the risk because of my liability (or obligation) to pay. Therefore, to allow you to work for my pay, you receive the benefit of the doubt from me that you are what you say you are. Namely, you are a plumber.

Thus, I have given credit that you are a plumber. It is debt you receive in the form of future paid work. Once the work is complete and I am satisfied with it, the credit is reversed. The work is credit to me because I am given the benefit of the doubt (debt) by the plumber.

To clear the credit and debt between myself and the plumber, the work is completed and I pay the plumber.

 

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Posted at 05:26 am by PioneerGold
 

Thursday, March 04, 2010
An Introduction to Paper Credit in 19th century England

THE first intention of the Writer of the following pages was merely to expose some popular errors which related chiefly to the suspension of the cash payments· of the Bank of England, and to the influence of our paper currency on the price ofprovisions. But in pursuing his purpose, many questions occurred which it seemed important to discuss, partly on account of their having some bearing on the topics under consideration, and partly because they appeared to be of general importance, and had either been left unexplained, or had been inaccurately stated by those English writers who have treated of paper credit. This work has, therefore, assumed, in some degree, the character of a general treatise.

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The first Chapter contail}s a few preliminary observations on commercial credit. The object of the two following Chapters is distinctly to describe the several kinds of paper credit; to lay down some general principles respecting it; and, in particular, to point out the important consequences which result from the different degrees of rapidity in the circulation of different kinds ofcirculating medium, and also in the circulation of the same medium at different periods of time.

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The nature of the institution of the Bank of England is then explained; the necessity of maintaining the accustomed, or nearly the accustomed, quantity of its notes, however great may be the fluctuations of its cash, is insisted on; and the suspension of its cash payments is shewn to have resulted neither from a deficiency in its resources, nor from a too great extension of its loans to government, nor from rashness or improvidence in its directors, but from circumstances which they had little power ofcontrouling: this event being one to which. a national establishment, like the Bank of England, is, in some situations of the country, unavoidably subject.

The manner in which an unfavourable balance of trade affects the course of exchange, and in which an unfavourable exchange creates an excess of the market price above the mint price of gold, and a profit on the exportation of our coin, are the subjects of a succeeding Chapter.

The circumstances, also, which have led to the multiplication of our country banks, and the several advantages and disadvantages of those institutions, are fully stated. The earlier parts of the work having tended to shew the evil of a too great and sudden diminution of our circulating medium, some of the latter Chapters are employed in pointing out the consequences of a too great augmentation of it. The limitation of the amount of the notes of the Bank of England is shewn to be the means of restricting the quantity of the circulating paper of the kingdom, of preventing a rise in the price of commodities in Great Britain, and of thus extending our exports and restraining our imports, and rendering the exchange more favourable. Some objections to the limitation of the Bank of England paper are likewise stated and answered.

The last Chapter treats of the influence of paper credit on the price. of all the articles of life: a subject, the difficulties of which are in some degree removed by the antecedent discussions.


Posted at 04:26 am by PioneerGold
 

Tuesday, May 15, 2007
good affiliate programs

I would venture a good 50% of affilate programs are legitimate, in that you can make money given you have enough skills and time. However, very few affiliate programs offer good profit margins.

The effort required for some affiliate programs, and the resulting monetary gain is simply not enough to justify the time. Is this due to merchant greed? Perhaps. However, it may be ignorance as well since the affiliate manager, or company, may not know what a good payout is to attract affilates.

So....where are the really good affiliate programs? These are the ones where folks make a killing. Are they hiding? No, but it does take hunting, and some fortune to find them.

Why don't affiliate managers promote them more?

I think, for most cases, they genuinely try to make their successful programs known. However, they are competing with hundreds of other affiliate managers trying to get big affiliates too (or any affiliate, for that matter!). In other words, their words are lost in an ocean of promotion of thousands of affiliate programs. So, even if successful affiliate programs are promoted by their affiliate managers, it's still like trying to find the needle in the haystack.


Posted at 11:38 am by PioneerGold
 

Thursday, January 18, 2007
The Google power

REAL DATA
Google has been keeping historical records for quite a while now -- records of how fast content appears, changes and vanishes over different types of web properties. They also keep historical records of backlinks -- their rate of appearance, change, and disappearance in various types of scenarios.

Google has been studying all this quite directly, en masse and "in the wild" rather than just generating ivory-tower abstractions. By now Google has an immense data set.

FOOTPRINTS and PROFILING
Google has established statistically significant footprints for what is natural and un-natural in the areas of appearance, change and disappearance for content, links, and who knows what else. And they can generate such footprints for various "types" of sites and market areas.

With that pile of data, Google can generate very sophisticated web-maps and visual representations of their data -- and confine those maps to various slices of the whole. They can build extremely accurate link profiles and then see visually what the mean distribution really looks like -- with regards to rate of link acquisition, the ratio of deep linking to domain root linking, the differences comparing branded corporate sites to free hosted pages -- on and on.

THE BIG VIEW and CLOSE-UP
Google can zoom out for an overview of the entire web, or zoom in to look at just e-commerce sites, or just sites without affiliate links. They can profile one single domain and overlay its footprint with the mean profile or footprint they've collected for similar sites or the web as a whole.

They can designate certain hot spots such as "manipulative linking nodes" and display them in red on a link map. Once the available data set grows to a certain level, amazing and apparently magical learnings become simple.

TECHNICALLY PRECISE MEANINGS
In a situation like this, words like "natural" or "manipulative" can take on very precise and rigorous technical meaning. And deviation from the normal footprint can be measured algorithmically and have automated consequences.

Statistically significant deviation can also raise a flag for a human to visually inspect the webmap and associated footprints. When major deviations are spotted, they will not commonly be "false positives" -- although with statistics, anything is still possible in a single isolated case.

GROWING SOPHISTICATION
A lot of the oddities that we see recently in search results are improvments to the sophistication of this kind of data modeling. Big Daddy gave Google a lot more elbow room to crunch many more numbers, keep more records, and so on.

Google has evolved a long way from the crude text matching that characterised early attempts at web search. When we work to understand what is happening with the SERPs today, we should appreciate the near-magic that has been created at Google and not be too primitive in our assumptions about what is, or soon will be, possible on their back end.

And the beauty of such an approach - it scales, and it IMPROVES as scale increases.

CAVEAT
And as I said, what I wrote here contains a lot of educated guesswork, fueled by studying Google patents and by close listening to what Googlers say and how they choose their words. I don't "know" that this is all true, but I'd be very surprised if it isn't.


Posted at 07:31 am by PioneerGold
 

Thursday, October 12, 2006
local search and possibilities on the web

What is revealing is the slow uptake on local search. Still, the business world remains slow on the uptake of changes taking place in the world of business promotion.

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Consider population centers. These are ones supporting a local or regional yellow pages. It encompasses not only the city but also the surrounding suburbs. Why wouldn't a service business want to add a generic domain to it's promotion/marketing efforts? My reason is local businesses still don't quite get it. They see the future. Yet, they don't quite grasp how to take the reigns of their own business marketing and advertising destiny. Simply, there are not enough webmasters and SEM/SEO folk to inform the small business world.

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As a local webmaster , I am getting all the local city+service variations. Next is launching websites and laying the groundwork for the next big local thing in marketing and advertising. At least, you are building another income stream and diversifying. Or, you could be building an enterprise which becomes a takeover target by the local YP or other advertising-driven media.

Posted at 01:49 am by PioneerGold
 

Thursday, September 21, 2006
Yahoo says ad sales are slowing

Maybe I'm a cynic, but I don't see how decreases in car ads or financial services are a bad thing.

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1) Cars: Currently, auto sales are a big cartel. Every state has regulations preventing or substantially shackling internet sales of new cars. Now, the only thing an auto dealership offers is the degrading process of "oh, I dunno, gee, I'm gonna have to talk to my boss about the offer you just made" and "here's a payment plan we offer where I only talk about the monthly payments and hide the effective 15% interest rate it really charges."

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2) Basically, the financial services industry revolves around convincing you to invest with them to "beat the market." They rely on artificially increasing investing complexity . One financial advisor told me my investment plan is going to differ "totally from the guy in the next cubicle." Yeah, we're the same age, have the same investment horizon ... whatever, dude. Really, most don't "beat the market" and all you have is the honor of paying usurious fees for supposed stock-picking "wisdom".

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There really need to be less of these ads. Is there something bigger I'm missing?

Posted at 03:07 am by PioneerGold
 

Friday, August 25, 2006
married means married

It's getting to the point I can't even read those stupid personal ads anymore, and not even for fun.

There are so many married people, complaining about their spouses, and looking for something "better".

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Here are a few things which need to be said:

"She" is not the reason you have a sucky marriage. YOU are. If you spent half the time paying attention to her as trolling these dating sites for sluts, your marriage would be a whole lot better.

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Yeah, yeah, it has been said a thousand times. You are in a sexless marriage. First, it's probably a lie. Most cheaters are liars, anyway. Here's a little secret, if your wife doesn't want sex, it's because you're not offering interesting sex.
 
Married guys get very boring after a while. They do the same boring thing. It is done the same boring way everytime. Yet, they want you to scream like a porn star. Seriously, you come home from work and totally ignore her. Meanwhile, she is chasing the kids around for 4 hours, making dinner, doing the laundry, etc., etc. Then, you expect her to roll over with legs open for another session of the same-old same-old?

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What is going to take for you to learn the best foreplay in the world for a woman is watching you care fpr the kids, vacuum the floor, pick up the dog poo in the backyard. Or, how about just listening as she talks? You know, it's not so hard to stop thinking about yourself for five minutes and hear what she is saying. Think about it, way back when, when you got great sex on a regular basis. What did YOU do differently than you're doing now? Did you plan dates? Did you tell her she looked nice? DId you act like you're happy to be with her? A thousand dollars says if you do it again, you get the same result.


Posted at 01:33 pm by PioneerGold
 

Sunday, August 20, 2006
similarities in text

All major religions are totally pagan. This includes Christianity. Many pagan gods predate Jesus and were essentially Jesus. Osiris and Horus of Egypt; ---- of Scandinavia; Zoroaster of Persia; Tammuz of Babylon; Quetzalcoatl of Mexico; Mithra of the pre-Cristian Roman empire.

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Jesus was the light of the world. Horus was the light of the world. Jesus was the way of truth and light. Horus said he was the truth, the life. Jesus was born In Bethlehem, the 'house of bread'. Horus was born in Annu, the 'place of bread'. Jesus was the good shepherd. Horus was the Good shepherd. Jesus is idnetified with a cross. Horus is identified with the cross. Jesus was baptised at 30. Horus was baptised at 30. Jesus had 12 apostles. Horus had 12 followers.

There is absolutely no record outside the New Testament referencing a historical Jesus by any known historian of the time. This covers Jesus's so-called existence. There is no archaeological evidence, no written evidence, nothing.

Some christians argue and say the pagan gods existing before Christ were made by the devil to fool his folowers. This includes being born to a virgn mother on December 25th; turning water into wine; sacrificially dying for the sins of the whole world, and so on, and so on, to infinity. They were created by the devil to mislead his followers. The information is there if you look for it.

It is remarkable how so many ancient pagan gods pre-dating christ were identical to Christ in every possible way. We know those pagan gods did not exist. There is no argument there.

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Christianity is one of the biggest religions in the world. In this religion, Jesus existed as a historical real-life person, who represents the truth. So why does the New testament describe Jesus as a seeming rehash of ancient pagan gods? Some say it is because he wasn't a real life person who existed. He was a symbol of the "sun".

Jesus was a solar deity, like the other pagan gods. Christmas, the cross, turning water into wine, the saviour and his 12 apostles, Easter, the phrase "the light of the world", halo around his head, Christian religious day is...SUNday, His coming back in the clouds and every eye in the world seeing him, all represents and symbolizes the sun.


Posted at 04:08 am by PioneerGold
 

Friday, August 11, 2006
configuring a computer

Around 5 years ago, when a lowly A+ certified computer shop tech, people paid me crap loads of money to come to their house and setup their already pre-configured computer. Usually, this involved crawling under the desk and plugging color-coordinated cables into the right spots. Then, adjust the cables so they look clean. Finally, boot-up the computer and leave.

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Had these customers taken about 90 seconds to look at the instructions and plugged the cables into the right hole (including the parallel and usb printer cables), they would have saved themselves quite a sum of money.

But... The average consumer has a very big aversion to plugging in cables. It doesn't matter if there is no possible way to get the configuration wrong (well... I don't know how many times there have been calls about people getting the keyboard and mouse mixed-up when using the PS2 connectors)

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So, for average users, opening the box and not plugging-in any wires (except maybe power) is a good thing.


Posted at 02:15 pm by PioneerGold
 

Saturday, July 08, 2006
Myspace license terms

There is a growing number of bands and musicians with Myspace profiles. Especially for those in the do-it-yourself punk and hardcore scenes, who are uneasy with News Corporation's Myspace.com purchase.

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Primarily, these concerns are over the following clause in the Terms Of Service:

"MySpace.com does not claim any ownership rights in the text, files, images, photos, video, sounds, musical works, works of authorship, or any other materials (collectively, "Content") that you post to the MySpace Services. After posting your Content to the MySpace Services, you continue to retain all ownership rights in such Content, and you continue to have the right to use your Content in any way you choose. By displaying or publishing ("posting") any Content on or through the MySpace Services, you hereby grant to MySpace.com a limited license to use, modify, publicly perform, publicly display, reproduce, and distribute such Content solely on and through the MySpace Services.
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Without these terms, MySpace.com is unable to provide the MySpace Services. For example, without right to modify Member Content, MySpace.com is not able to digitally compress music files Members submit. This includes formatting content to satisfy technical requirements. Without rights to publicly perform Member Content, MySpace.com cannot allow Users to listen to music members post.

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The license you grant MySpace.com is non-exclusive. This means you are free to license your Content to anyone, including MySpace.com. The license is fully-paid and royalty-free which means MySpace.com is not required to pay you for use on the MySpace Services of the Content you post. The license is sublicensable so MySpace.com uses its affiliates and subcontractors. This includes Internet content delivery networks to provide the MySpace Services. The license is worldwide since the Internet and the MySpace Services have a global reach.

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Posted at 03:31 pm by PioneerGold
 

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