NFTs And Tulipmania: A Little Bit Of History Repeating

We were not surprised to read that a company that tracks NFTs declared that most NFTs are now worthless. But the NFT — non-fungible token — market was huge, so around 23 million people invested in NFTs that are now worth nothing. Worse still, the company notes that because of oddities in how NFTs are priced, the real number of worthless assets is probably even greater than they think.

It is easy to look back and think that it was obvious. After all, an NFT of the Mona Lisa isn’t really the Mona Lisa. Nor does owning it confer any real benefit other than “bragging rights” of owning an NFT of the Mona Lisa. But that’s like saying Luke should have known Darth Vader was his father — it’s only evident after the fact. History is replete with bad ideas at the time that paid out down the road. Of course, history is also full of bad ideas that were simply bad ideas. For every Apple or Google stock you didn’t buy at $4 a share, there are a hundred $4 stocks that you shouldn’t have bought.

The Virus

The NFT craze was sort of a viral event. We usually think of these as part of the Internet culture, but that’s not really true. There is actually very little new on the Internet. The Internet just lets things reach further and faster than before.

Don’t believe me? Kilroy was a viral meme in the 1940s. Fads such as hula hoops, phone booth stuffing, and flagpole sitting were the ice bucket challenges of their day. But, of course, these things weren’t economic. Just fun fads. But economic fads that turn out to be a bad idea are nothing new, either.

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You’ve Got Mail: Grilled, Scrambled, And Other Delicious Stamps

Well, we’re just zipping right through this series, no? So far we’ve looked at various postal machines and how they work to flip mail around, cancel the postage, and sort it, all in a matter of seconds. We explored the first automated post office and found out why it was a failure, and we learned why it all depends on ZIP code. Now, it’s finally time for some really fun stuff: the stamp trivia.

Now I’m no philatelist by any standard, though I do have a few hundred stamps strewn about the house. The danger in philately is that you learn all sorts of cool things about stamps and their history, and you just want to buy more and more of them. So let’s go!

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You’ve Got Mail: It All Depends On ZIP Code

Previously on You’ve Got Mail, we looked at a few services that were designed to speed up the mail at various points along the way. But these improvements were all taking place on the USPS’ side of the the fence. Was there anything the customer could be doing to help out?

A post card from my collection.

As it turns out, yes. And it was almost too late. Whereas you could once address a letter or postcard simply to “Fred Minke, Somerset, Wis.” and it would reach him, the volume of mail was getting completely out of hand with the rise of computers, automated billing, and advertising. Something was needed to improve routing and speed up delivery.

We all know enough about ZIP codes to use them, but where did they come from? How many types are out there? What do they even mean? Let’s find out.

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Tech In Plain Sight: Skyscrapers

It is hard to imagine that for thousands of years, the Great Pyramid of Giza was the tallest manmade structure in the world. However, like the Lincoln Cathedral and the Washington Monument, which also held that title, these don’t count as skyscrapers because they didn’t provide living or working space to people. But aside from providing living, retail, or office space, skyscrapers also share a common feature that explains why they are even possible: steel frame construction.

Have you ever wondered why pyramids appear in so many ancient civilizations? The answer is engineering. You build something. Then, you build something on top of it. Then you repeat. It just makes sense. But each upper layer adds weight to all the lower layers, so you must keep getting smaller. Building a 381-meter skyscraper like the Empire State Building using self-supporting walls would mean the ground floor walls would be massive. Steel lets you get around this.

In Antiquity

You might think of high-rise buildings as a modern thing, but that’s actually not true. People seem to have built up to the best of their abilities for a very long time. Some Roman structures were as high as ten stories. Romans built so high that Augustus even tried to limit building height to 25 meters — probably after some accidents.  In the 12th century, Bologna had as many as 100 towers, one nearly 100 meters tall.

There are many other examples, including mudbrick structures rising 30 meters in Yemen and 11th-century Egyptian structures rising 14 stories. In some cases, building up was due to the cost or availability of property. In others, it was to stay inside a defensive wall. But whatever the reason, self-supporting walls can only go so high before they are impractical.

So steel and iron frames grabbed the public’s attention with things like Joseph Paxton’s Crystal Palace in 1851, and Gustav Eiffel’s Tower in 1887.

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Why Walking Tanks Never Became A Thing

The walking tank concept has always captured imaginations. Whether you’re talking about the AT-AT walkers of Star Wars, or the Dreadnoughts from Warhammer 40,000, they are often portrayed in fiction as mighty and capable foes on the battlefield. These legged behemoths ideally combine the firepower and defense of traditional tanks with the versatility of a legged walking frame.

Despite their futuristic allure, walking tanks never found a practical military application. Let’s take a look at why tracks still rule, and why walking combat machines are going to remain firmly in the realm of fiction for the foreseeable future.

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The Oldest Living Torrent Is 20 Years Old

Twenty years ago, in a world dominated by dial-up connections and a fledgling World Wide Web, a group of New Zealand friends embarked on a journey. Their mission? To bring to life a Matrix fan film shot on a shoestring budget. The result was The Fanimatrix, a 16-minute amateur film just popular enough to have its own Wikipedia page.

As reported by TorrentFreak, the humble film would unknowingly become a crucial part of torrent history. It now stands as the world’s oldest active torrent, with an uptime now spanning a full 20 years. It has become a symbol of how peer-to-peer technology democratized distribution in a fast-changing world.

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You’ve Got Mail: Faster And Faster We Go

When we last left the post office, they had implemented OCR to read even the sloppiest of handwriting. And to augment today’s 99% accuracy rate, there’s a center full of humans who can decipher the rest of those messy addresses with speed and aplomb. Before that, we took a look at many of the machines that make up the automated side of the post office’s movements. But what was being done to improve the customer experience during all of this time?

Quite a bit, as it turns out. In this installment, we’ll take a look at the development of vending machines and programs like Speed Mail, Missile Mail, and V-Mail (no, not voicemail!) as they relate to enhanced customer service over the years.

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