Category Archives: Technology

Goldmoney | The Facts

If you have been following this blog for some time you know that I have made numerous posts and have been an avid supporter of a company called Goldmoney Inc. (formerly BitGold). The following search links should provide some background:

Goldmoney is a game changing FinTech (Financial Technology) company with the goal of making gold useful as money again. Unlike all of the world’s paper (aka fiat) currencies, gold has held its value as money for over 5000 years. Goldmoney gives the average person the ability to save in gold with extremely low and reasonable fees. All gold held in Goldmoney is 100% allocated to users which means that every gram owned by every account user is physically stored in one of several vaults around the globe (you select which ones) and associated with each user. This is not “paper gold”, gold contracts, or gold ETFs. This is real gold. You can take delivery of your gold in a variety of forms (cubes, bars, coins, etc.) if desired. Buying and selling gold and transferring funds to and from your bank is quick and painless. The features and functionality provided by Goldmoney have expanded significantly in the two years or so since the company IPOed, as has its user base and assets under management. As a publicly traded company it is open to the highest levels of oversight and transparency.

The reason I am writing this today is that the co-founder and major share holder, Roy Sebag, has posted a request to the Goldmoney forum asking the forum members to combat the misinformation about Goldmoney Inc. that exists on the web. Much of this mis-information is merely ignorance of Goldmoney Inc. The rest is put forward by people with their own agendas.

All I ask of you, my good readers, is to keep an open mind and read Roy’s post below.

http://community.goldmoney.com/discussion/3835/help-correct-the-record-fakenews-and-clickbait-thank-you

Many money, currency, and precious metals expects are predicting that gold could go to $10,000 an ounce in the near future as global currency wars, real wars (Syria, North Korea), and Trump policies (or failure thereof) come into play. 

Ignorance is most certainly NOT bliss. 

Information is power. 

Be informed.

As John Pierpont Morgan said before congress in 1912 … Money is gold, and nothing else.

 
cb (aka @79Au197 on the Goldmoney forum and @d4t4wr4ngl3r on Twitter)

Nostalgia

Kids graduating from high school today have never known a world without cell phones … or the instant gratification of digital photography. I remember once reading an article a long time ago that said that cameras were becoming so small and cheap that there was no reason not to put them in everything. Cell phones were the logical beneficiary. Now everyone has a camera on them at all times. If Big Foot were real, someone would have gotten an HD video of her by now. 

Photographers … professional and amateur … had to wait for film to be chemically developed in order to see the results. It could takes days before you saw the results. Film often had had to be sent out for processing. The arrival of onsite same-day processing was a big deal. 

From my post Welcome to the Future

  • No cell phone cameras, no digital cameras, no webcams, no camcorders; both still and movie cameras used film that needed to be developed before you could see the results

My favorite was a slide film call Kodachrome made by Eastman Kodak. So popular and high quality was this film that Paul Simon (formerly of Simon & Garfunkle) released a song about it. Kodachrome processing involved a variety of toxic chemicals and was discontinued in 2009, but its color saturation and time stability are legendary. I still have Kodachrome slides that are gorgeous even as other slides and prints have faded to red (and the lubricants in my slide projector have turned to glue rendering it useless). I keep planning to get these digitally scanned, but it’s not cheap for high quality scans and something always comes up that diverts the funds. I would like to get them scanned and begin posting then here someday.

When not shooting Kodachrome slides I (like most everyone else) shot print film. This involved a roll of film with a “negative” image that was developed and then used to create enlarged color prints. One dropped off the film for processing and the came back to pick up the prints and negatives.

Never knowing if any of my photos had turned out, I would take my roll of film down to the local photomat or camera store to have it developed. Invariably on the way out I would begin humming the first few bars of …

Bonus track …

iOS 10.3 | APFS

Apple has deployed iOS 10.3. All I can say is … WOW.  OK … I can and will say more. Still … WOW.

Off course iOS 10.3 supplies all of the security features I mentioned earlier, but more importantly it is the first deployment of the new Apple File System (APFS). I will try to summarize below, but the following links do more justice to an explanation than I ever could.

http://appletoolbox.com/2017/03/manage-apple-id-account-details-using-ios-10-3/

http://appletoolbox.com/2017/03/apple-file-system-apfsthe-big-ios-10-3-feature-youve-never-heard/

https://developer.apple.com/library/content/documentation/FileManagement/Conceptual/APFS_Guide/Introduction/Introduction.html

To put things in perspective the HFS+ file system currently in use on Macs and iOS 10.2.x iDevices is over 30 years old*. HFS+ is more than one and a half human generations old. Most people using iDevices aren’t that old. In the computer world 30 years is OLD. Think about it … what level of technology were you using 30 years ago?

From the Apple document

HFS+ and its predecessor HFS are more than 30 years old. These file systems were developed in an era of floppy disks and spinning hard drives, when file sizes were calculated in kilobytes or megabytes.

Today, people commonly store hundreds of gigabytes and access millions of files on high-speed, low-latency flash drives. People carry their data with them, and they demand that sensitive information be secure.

Apple File System is a new, modern file system for iOS, macOS, tvOS, and watchOS. It is optimized for Flash/SSD storage and features strong encryption, copy-on-write metadata, space sharing, cloning for files and directories, snapshots, fast directory sizing, atomic safe-save primitives, and improved file system fundamentals.

Apple File System is a 64-bit file system supporting over 9 quintillion files on a single volume. This state-of-the-art file system features cloning for files and directories, snapshots, space sharing, fast directory sizing, atomic safe-save primitives, and improved filesystem fundamentals, as well as a unique copy-on-write design that uses I/O coalescing to deliver maximum performance while ensuring data reliability.

Apple File System is uniquely designed to meet the needs of Apple’s products and ecosystem. Apple File System provides strong encryption, ultra-low latencies and limited memory overhead. It is optimized for Flash/SSD storage and can be used on everything from an Apple Watch to a Mac Pro.

The following graphic is from https://developer.apple.com/library/content/documentation/FileManagement/Conceptual/APFS_Guide/VolumeFormatComparison/VolumeFormatComparison.html


 

As I said, the links provided above explain the benefits of APFS much better and in more detail than I can. I am in fact still digesting much of it. Suffice it to say that AFPS is a file system for the twenty-first century and beyond, a world of mobile devices and solid state storage. 

And it all starts with iOS 10.3. Download and install it now.

 
* 30 dog years is over 130 human years. Ask Maggie.
See also https://en.m.wikipedia.org/wiki/Apple_File_System