TIL To keep the price of Kenyan coffee low, the British set up markets and ratings. All the beans are commingled. Plus added bureaucracy. So no farmer would be directly incentivized to excel. Just a race to the bottom.
Insidious.
It perfectly described what Bezos did.
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Sorry, I can't quickly find the article explaining the unique history of Kenyan coffee. Will add later if I do.
The article I read was written by a (western) coffee buyer explaining why he can't buy beans directly from Kenyan farmers. Whereas buyers can directly in every other country.
Not particular unique - this is a common practice in a lot of agricultural industries. e.g. there are wine co-ops in France where many vineyards commingle their grapes to produce a commercial volume of wine under a particular label.
What these systems rely on is a governing body that punishes producers that don’t meet the body’s standards and ruin the party for everyone else. Amazon is the governing body here and has previously shown no interest in protecting legitimate producers from counterfeiters.
It seems like the collective washing and grading system was effective at producing high quality coffee (but not paying farmers a living wage) until the system got so extractive and climate change got so bad that farmers cut costs and started producing worse strains. In other markets buyers would go direct to the farmers for single-origin beans to encourage higher quality but in Kenya this was prohibited.
True. The situation for both off-gassing and plastic recycling is rather bleak.
Sorry for being vague; I was only referring to economically valuable minerals used in electric batteries.
Aqua Metals has previously said they'll be able to reuse battery quality graphite (from batteries) as well (vs releasing it as CO2). But my recent scan of their progress wasn't very encouraging.
Learning more about Redwood Recycling stack is on my to do list.
You reminded me: David Roberts' often states that a hurdle for electrification and decarbonization projects is connecting them to "slow capital". Stuff like residential, community, solar, battery, heat pumps, appliances, ground source heat, yadda yadda.
I gather that there's plenty of "slow capital" perfectly happy with low risk long term modest returns. But these projects are too small to be worth the effort. Probably something about transaction costs.
My impression is there's an opportunity to bundle up these projects for the larger/largest investors. Biden's IRA created a "green bank" (RIP); maybe that was its intended function.
You're smart about money and finance, so you can probably explain what Roberts is talking about (to noobs like me).
1) the dearth of new (novel) training data. Hence the mad scramble to hoover up, buy, steal, any potentially plausible new sources.
2) diminishing returns of embiggening compute clusters for training LLMs and size of their foundation models.
(As you know) You're referring to Wright's Law aka experience learning curve.
So there's a tension.
Some concerns that we're nearing the ceiling for training.
While the cost of applications using foundation models (implementing inference engines) is decreasing.
Someone smarter than me will have to provide the slopes of the (misc) learning curves.
I was not aware of (or had forgotten) the term "Wright's law" [1], but that indeed is what I was thinking of. It looks like some may use the term "learning curve" to refer to the same idea (efficiency gains that follow investment); the Wikipedia page on "Learning curve" [2] includes references to Wright.
Insidious.
It perfectly described what Bezos did.
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Sorry, I can't quickly find the article explaining the unique history of Kenyan coffee. Will add later if I do.
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This org's page hits all the same points:
Kenya Coffee, Quality Decline & the Systemic Truth Behind the Cup https://kenyacoffeeschool.golearn.co.ke/kenya-coffee-quality...
The article I read was written by a (western) coffee buyer explaining why he can't buy beans directly from Kenyan farmers. Whereas buyers can directly in every other country.
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u/jrjeksjd8d found it. Woot!
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