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Mining the Trash

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November 29, 2013 – Comments (0)

Board: Macro Economics

Author: FastMike

”...It is better to remain silent and be thought a fool than to open one's mouth and remove all doubt…”----Mark Twain

Dear stuffed Fools:

Well, there are certainly many more ways to remove ‘all doubt’ in this modern, wonderful age we live in. Hence, I put at risk any doubt of being thought a Fool and have selected some silly, but oddly interesting stuff I found on the inimitable BBC, today.

Naturally, I took the precaution of labeling this post ’OT’ and titled it with a composite word which, I’m certain, I’m the only one who think’s I’m being so clever.

Anyway, here's some food for thought:

”...James Howells's hard drive contains 7,500 Bitcoins... ..It had sat in a drawer for years and he had forgotten it contained the Bitcoins, which he obtained in 2009 for almost nothing, when he threw it out… ...It means Mr Howells's collection is now worth $7.5m[illion]...”

I know that many of us have heard stories of someone ‘trashing’ a brown paper bag full of cash, or leaving a bag of cash in a cab, etc., etc. But this is the first Bitcoin trashing that I’ve ever heard of, but holy drumsticks, turkey wings, and pumpkin pie, this is a whopper! Mr. Howells ‘mined’ the bitcoins for pennies and tossed it out at millions.

http://www.bbc.co.uk/news/uk-wales-south-east-wales-25134289...

Ironic, don’t you think? I mean that the bitcoins were ‘mined’ out of thin air and he has to dig them out of a ‘trash mine’. I hope he has a sense of humor.

A second article was even more fascinating. I didn’t know this but social herbivores, those that live in herds, use communal ‘privies’.

Well, paleontologists have discovered a communal 'privy' that's 240 million years old! This behavior does have its merits:

”...Elephants, antelopes and horses are among modern animals who defecate in socially agreed hotspots - to mark territory and reduce the spread of parasites… ...But their best efforts are dwarfed by the enormous scale of this latrine - which breaks the previous record "oldest toilet" by 220 million years.. …Each poo is a snapshot of an ancient ecosystem - the vegetation and the food chain....”

http://www.bbc.co.uk/news/science-environment-25126333

What’s most fascinating is that among the animals who left these coprolites were proto-dinosaurs of a transitioning Triassic period.

So here’s a second irony: the paleontologists who started the dig, were certainly hoping to discover some intact fossil remains of some new T-Rex species or a fully feathered raptor or the like. Instead, they uncovered a literal mountain of ‘poo’ which will reveal more about this mysterious ancient earth than would a completely intact, perfectly preserved Hollywood inflated terror.

So that’s it. A completely off-topic post, which really shouldn’t be posted on METAR, but is at least marked as off-topic, and hopefully may be excused as frivolous, fun and in the spirit of a holiday, but is neither hostile nor provocative, nor anything else that’s mean spirited, nor purely political.

I’m mean like, who’d a thought that anyone would really ever have to mine bitcoins from trash or that a wealth of knowledge could be found in a 240 million year old pile of poo.

Who cares about football?

Your unsubtle Fool,
FM 

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