All posts by admin

Who’s Ahead?

On Intrade, here’s the standings for the 2008 election (security pays 100 if individual is elected):

  1. 32.7 Clinton
  2. 17.4 Obama
  3. 16.0 Thompson
  4. 13.2 Giuliani
  5. 9.5 Romney
  6. 7.6 Gore
  7. 4.7 McCain
  8. 3.1 Edwards
  9. 1.2 Bloomberg

Adds up to 105. Could some partisans be trying to raise their favorite’s numbers?

Who’s Ahead?

On Intrade, here’s the standings for the 2008 election (security pays 100 if individual is elected):

  1. 32.7 Clinton
  2. 17.4 Obama
  3. 16.0 Thompson
  4. 13.2 Giuliani
  5. 9.5 Romney
  6. 7.6 Gore
  7. 4.7 McCain
  8. 3.1 Edwards
  9. 1.2 Bloomberg

Adds up to 105. Could some partisans be trying to raise their favorite’s numbers?

Dyson’s New Sphere
of influence

The most interesting addition to the Space Access crowd was Esther Dyson. Far from the outsider she was pilloried as when she set up Flight School last year, she has a healthy vision for how to take space travel, micro sat’s, space burial and the rest of “New Space” and shape it into a growing large industry.

She mentioned on a panel that she would like to see companies sharing their lists of investors. The purpose is to allow those investors to diversify. She is
“talking her own book” here as she has already invested in XCOR, Space Adventures, Zero G Corporation and Space Services, Inc. I hope that her comment that she liked the Rocketplane presentation translates into some money for them too.

Someone knowledgable about the inner workings of the New Space firms (whom I agree with) assures me that it will take a major cultural shift for these firms to share investor lists. But Dyson by telling everyone at Space Access her goal may encourage other investors to advertise their own interest in space investment diversification.

Dyson got into space because of her family. Her father, Freeman Dyson, designed the Orion spacecraft. Her brother is the historian at Blue Origin.

Following her around was a post-modern experience. She had many suiters and always seemed to have three conversations going at once. It took almost as long to talk to her as it did to talk to Glenn Reynolds, Instapundit. To talk to Glenn I had to fly to Atlanta and drive to Knoxville.

Talking to her was also thoroughly post modern. Conversations with Dyson jumped from electricity to food, to luxury goods reporting. She immediately grasped the concept of the Space-Shot.com game noting the single elimination tournament is a “binary tree”. She pressed me about my electricity auction history asking the single most thoughtful question on that topic I have ever been asked, “if you auction the electricity in advance, how do you assure the spot price is the right price?”

Spot prices in New Jersey are determined by a spot market and many of the large customers have to pay the spot price. In those cases, the forward auction merely determines the cost of the capacity. This piece is critical to why New Jersey and Illinois are different from California’s ill-fated experience with CalPX. Dyson got to live through the California electricity crisis. I bid to run the CalPX and lost. I could have averted that crisis.

Hopefully space in ten years will do as well as the Internet is doing now under her thoughtful guidance or electricity under mine.

Dyson’s New Sphere
of influence

The most interesting addition to the Space Access crowd was Esther Dyson. Far from the outsider she was pilloried as when she set up Flight School last year, she has a healthy vision for how to take space travel, micro sat’s, space burial and the rest of “New Space” and shape it into a growing large industry.

She mentioned on a panel that she would like to see companies sharing their lists of investors. The purpose is to allow those investors to diversify. She is
“talking her own book” here as she has already invested in XCOR, Space Adventures, Zero G Corporation and Space Services, Inc. I hope that her comment that she liked the Rocketplane presentation translates into some money for them too.

Someone knowledgable about the inner workings of the New Space firms (whom I agree with) assures me that it will take a major cultural shift for these firms to share investor lists. But Dyson by telling everyone at Space Access her goal may encourage other investors to advertise their own interest in space investment diversification.

Dyson got into space because of her family. Her father, Freeman Dyson, designed the Orion spacecraft. Her brother is the historian at Blue Origin.

Following her around was a post-modern experience. She had many suiters and always seemed to have three conversations going at once. It took almost as long to talk to her as it did to talk to Glenn Reynolds, Instapundit. To talk to Glenn I had to fly to Atlanta and drive to Knoxville.

Talking to her was also thoroughly post modern. Conversations with Dyson jumped from electricity to food, to luxury goods reporting. She immediately grasped the concept of the Space-Shot.com game noting the single elimination tournament is a “binary tree”. She pressed me about my electricity auction history asking the single most thoughtful question on that topic I have ever been asked, “if you auction the electricity in advance, how do you assure the spot price is the right price?”

Spot prices in New Jersey are determined by a spot market and many of the large customers have to pay the spot price. In those cases, the forward auction merely determines the cost of the capacity. This piece is critical to why New Jersey and Illinois are different from California’s ill-fated experience with CalPX. Dyson got to live through the California electricity crisis. I bid to run the CalPX and lost. I could have averted that crisis.

Hopefully space in ten years will do as well as the Internet is doing now under her thoughtful guidance or electricity under mine.

Let’s Hear it for Trolls!

Nathan Myhrvold, CEO of Intellectual Ventures, former CTO of Microsoft, is calling for the Supreme Court to hang firm on patent property rights in “Inventors Have Rights, Too!” in the Wall Street Journal.

Goliath is crying “Unfair! Take David’s sling away!” Without full rights there is no way for a small inventor to get a big infringer to the table to settle. Instead, they’ll stall and drown the little guy with legal fees. The courts would be put in the middle and have to decide all future licensing revenue. Is that the way we want to run an innovative economy?

If we prevented people who owned houses and cars from removing people who were infringing their rights there, it would be pretty clear that the rights would be worth a lot less.

But how should we grant these patents? Is it sufficient to stick a virtual flag in meme space like a 16th century explorer? Should there be a time window when many can make a filing after the initial filing and the patent right auctioned to the highest bidder with all of the filers getting a portion of the royalties?

—–Update 2006-03-30 09:21—–

The Economist weighs in too. They say save injunctions for “irreparable harm” which strikes me as a rotten standard. Either money is good enough and royalties can be decided in the courts or it isn’t and patent holders need a stick.

Let’s Hear it for Trolls!

Nathan Myhrvold, CEO of Intellectual Ventures, former CTO of Microsoft, is calling for the Supreme Court to hang firm on patent property rights in “Inventors Have Rights, Too!” in the Wall Street Journal.

Goliath is crying “Unfair! Take David’s sling away!” Without full rights there is no way for a small inventor to get a big infringer to the table to settle. Instead, they’ll stall and drown the little guy with legal fees. The courts would be put in the middle and have to decide all future licensing revenue. Is that the way we want to run an innovative economy?

If we prevented people who owned houses and cars from removing people who were infringing their rights there, it would be pretty clear that the rights would be worth a lot less.

But how should we grant these patents? Is it sufficient to stick a virtual flag in meme space like a 16th century explorer? Should there be a time window when many can make a filing after the initial filing and the patent right auctioned to the highest bidder with all of the filers getting a portion of the royalties?

—–Update 2006-03-30 09:21—–

The Economist weighs in too. They say save injunctions for “irreparable harm” which strikes me as a rotten standard. Either money is good enough and royalties can be decided in the courts or it isn’t and patent holders need a stick.

A Summary of What’s New from SpaceX

The news is coming fast from from SpaceX and Musk.

  • Keith Cowing told us about Dragon on March 6.
  • Alan Boyle asked one of the questions I wanted to ask him, “Do you talk to Jeff Bezos?” Yes occasionally. “Musk … will probably seek outside funding once the company has a few successful launches under its belt.”
  • Jon Goff’s supposition that Dragon development has not require more than $100 million founder funding was confirmed with Musk by Boyle

Makes my interview (part 1 and 2) of Dianne Molina, Marketing Manager at SpaceX just the tip of the iceberg.

A Summary of What’s New from SpaceX

The news is coming fast from from SpaceX and Musk.

  • Keith Cowing told us about Dragon on March 6.
  • Alan Boyle asked one of the questions I wanted to ask him, “Do you talk to Jeff Bezos?” Yes occasionally. “Musk … will probably seek outside funding once the company has a few successful launches under its belt.”
  • Jon Goff’s supposition that Dragon development has not require more than $100 million founder funding was confirmed with Musk by Boyle

Makes my interview (part 1 and 2) of Dianne Molina, Marketing Manager at SpaceX just the tip of the iceberg.

Epstein’s Tap Dance

Richard Epstein weighs in on the wiretap issue on the Op-Ed page of the Wall Street Journal with Executive Power on Steroids. While claiming to be for legal wiretaps, he is strongly against illegal ones:

The major danger with presidential surveillance does not lie in this particular overreaching of executive power. It’s what comes next. If President Bush can ignore FISA, then he can disregard a congressional prohibition against the use of nuclear force.

Perhaps too melodramatic to be convincing. When I did Oxford debate in high school, every plan from water quality to farm policy ended with nuclear war. But there are myriad ways that presidential powers could become tyrannical if a Jacksonian president took the law into his own hands. I may not like Jackson as chief magistrate, but he sure knew how to give a good speech.

Epstein’s Tap Dance

Richard Epstein weighs in on the wiretap issue on the Op-Ed page of the Wall Street Journal with Executive Power on Steroids. While claiming to be for legal wiretaps, he is strongly against illegal ones:

The major danger with presidential surveillance does not lie in this particular overreaching of executive power. It’s what comes next. If President Bush can ignore FISA, then he can disregard a congressional prohibition against the use of nuclear force.

Perhaps too melodramatic to be convincing. When I did Oxford debate in high school, every plan from water quality to farm policy ended with nuclear war. But there are myriad ways that presidential powers could become tyrannical if a Jacksonian president took the law into his own hands. I may not like Jackson as chief magistrate, but he sure knew how to give a good speech.