Brian Caplan tweeted that the GMU prof was wrong and the MIT prof was right. Is that your personal view? I am not impressed by the futuristic MIT gadgets, as they won’-t necessary correspond to people’-s needs. Hence, I don’-t buy their argument that the real problem is not being capable of “-keeping up”- with the pace of technology. We don’-t care about technology we don’-t need.
The price of nickel is so low (20 euro per kg) that it should have to raise of orders of magnitude to make this tech uncompetitive. Nickel is very common on the Earth, and with a tiny percentage of the yearly extraction of nickel it would be possible to produce all the energy needed in the World.
The powder has reportedly been used for 2.5 months continuously with an output of 10 kW (according to Rossi). It corresponds to a total energy of 18 MWh, with a consumption of up to 100 grams of nickel and two grams of hydrogen. If the production had been done with oil, two tons of oil would have been required.
BetFair’s bet matching process stopped for one full hour on May 7, 2008, and their P.R. people are over-apologizing for it. They are apologizing for the problem, and for their slow response to affected customers —-good move. They are also giving out 10 bundles of ?1,000 each to 10 affected traders chosen at random —-a move I have mixed feelings with.
OK. Now, the beef.
During the same period we’ve continually seen record volumes of bets. For example, the value of bets placed on Betfair last week was greater than for any previous week including Cheltenham or Aintree [which are big British horse racing events].