King Mansu Musa was incredibly rich and when he went on hajj to mecca he spent much of his gold in Egypt causing a massive inflation. On his way back to Mali this has caused him needing to spend much more this time on his route through Egypt which is why he needed loans from merchants.
Whether many of the answers here count as a blunder or not, I’d like to say that I got way more replies than I expected and came to know about a lot of stuff I would have never heard otherwise. Thanks for sharing.
When the Spanish were raping the New World in the 1500s for gold, they dumped enormous quantities of platinum into the ocean because it was the wrong kind of shiny metal. Nobody in Europe had any clue how valuable the stuff was, only that it was often used to counterfeit gold. But since it wasn’t gold, or even silver, everyone thought it was worthless. This was exasperated by the fact that nobody could melt the stuff until the 1800s. But mostly it was just not yellow enough for the idiots at the time.
Bah! I’m in the habit of spending those calories (history nerd) and did so before reading your comment. Still, your comment is appreciated. Also, thanks to @Cleverdawny for clueing my into something I hadn’t known.
Cambium stock recently dropped to $10 after the CEO stepped down during their call. A large part of their problems are likely due to the pandemic shortages catching up.
But a high failure rate on their new line of switches, and high prices while starlink eats their lunch isn’t helping.
I hope the Redditors that didn’t care about the whole thing never find their way here. I can’t imagine being that apathetic about something you use daily.
Eh. I wouldn’t hold that against them. Reddit or Lemmy is just social media. Just one small aspect in people’s lives. Pretty hard to care about something like Reddit taking away API access when you’ve got much more important things like a job, a social life and a family to care for. Even harder when you only use the official apps.
Ended up taking down the soviet union. The whole meltdown is fascinating. I read a book about it. I think it was called midnight at chernobyl, so something like it.
What I know of it is mostly from the HBO mini-series that aired a few years ago. Did it really have that much impact on the fall of the USSR? My understanding was that the gradual attrition of competing with the West was the ultimate cause. I’m interested to learn more. Gonna go read some wikipedia on it.
It was one of the reasons, as it required huge spending on extinguishing the reactor, draft up to a million personnel, dosimetry equipment, helicopters, thousands of trucks, then cleaning the zone around the reactor, building the sarcophagus on rush, evacuating people from the exclusion zone, digging up upper layer of dirt in a radius of several kilometers, patient treatment, and keeping everything in secret.
It wouldn’t be an exaggeration that the costs of the liquidation compare to costs of a small war. Besides, the Soviets were involved in a harsh Afghanistan war.
Elon acquiring Twitter for $44B in the first place, not taking into account the subsequent blunders. He not only overpaid too much for a social media company without even understanding it, he also wrecked Tesla’s stock price as investors saw he was clearly spending too much time on Twitter and he had to panic sell Tesla shares to fund his Twitter adventure. He easily wiped out hundreds of billions from Tesla’s market cap during that time.
The value of “X” has been repeatedly downgraded. It’s estimated at around $15b by fidelity. They’ve demolished their own brand by renaming themselves and how you interact.
This is before you get into the whole “twitter has been loaded with debt from the purchase of twitter and so is even more unprofitable than it was before” part of the debacle.
I’m willing to nominate Charles II, King of Spain as a formerly alive blunder. The result of decades of Hapsburg inbreeding, he had a number of health and intellectual issues from birth and he was notably infertile. If you live in a monarchy where succession is passed down through children, it’s REALLY BAD to be infertile and be King. His death directly caused the War of the Spanish Succession, a 13-and-a-half year war that eventually involved pretty much all of western Europe and likely led to the deaths of over 1 million people.
Literally could have avoided this if the Habsburgs decided to have sex with other people.
Okay, I listen to a fair amount of history podcasts, so let’s see what I can pull out of my head for fun:
There was Rainbow Man, who famously went to sports games across America, holding up a sign that read “John 3:16” in an attempt to convert people to Christianity. He later died in a hotel shoot out where he took a maid hostage in his hotel room full of guns.
There was the time the President of America secretly went on a trip to Panama on one of two ships. While trying to show off to the president doing drills, the other ship accidentally shot a torpedo at the presidents ship. He pulled a pistol and attempted to shoot the torpedo with it.
The settlement at Roanoke, which was one of the earliest attempts by Europeans to settle in America and by the time ships got back with supplies (I believe years after they said they would be back) the settlement was empty. Still unsolved to this day.
America has dropped at least two nuclear warheads on itself accidentally, which have all failed to detonate.
Benedict Arnold was one of the best military minds ever born in America. He paid for his own troops for years, and when he asked for repayment or even his own salary, the Republicans claimed he actually owed the government money. They gave him tje reputation of only caring about money and refused to ever pay him until he finally took money from Britan to make ends meet.
George Bush senior crashed into German electrical lines and flew the plane back to base causing an international incident. He never received punishment for this and continued to fly for the military. He also did a bunch of drug smuggling and no one cared.
Look into pretty much any time people wanted to explore an area for the first time and there was most likely a massive loss of life and money. Australia and America seem to have the funniest stories of people’s attempts to name every river and mountain they see.
The settlement at Roanoke […] Still unsolved to this day.
The word “CROATOAN” was carved on one of the buildings in the colony. The colonists had had friendly interactions with the native people living on Croatoan Island, which was nearby. There were later reports of native people with fair skin and beards on Croatoan Island.
So mysterious! Where could the colonists possibly have gone?
They were not the only white people to have ever been there though. The colonists could have been slaughtered and those were French decendents or something though. There is no way to prove what happened.
It’s pretty common when people want to have an edgy name in a game with name filtering. You just swap the first letters in two words. Like datfick4, bamrutt4, that kinda thing.
America has dropped at least two nuclear warheads on itself accidentally, which have all failed to detonate.
These are known as “Broken Arrow” incidents, and at least 32 have been officially recognized by the government. Some of them were accidental releases of the bombs, others were plane (or other vehicle) crashes that contained bombs. There’s likely more that haven’t been recognized by the government. almost all of them happened between 1950 and 1980. Now that the cold war has died down, we haven’t been moving around our nuclear warheads as often and so haven’t had a new one. At least, not an official new one.
It’s pretty hard to have an accidental detonation at this point, though. Prompt criticality is tricky to achieve and easy to deliberately not achieve. Word is the newest bombs require a specific electronic sequence of fuse activations that’s stored encrypted, and would require being a superpower to reproduce, so it’s actually impossible to set them off as designed even if one was stolen.
None of these resulted in losses. In fact the nuclear bomb example is notable precisely because there were no losses. They’re amusing failures or errors, but nothing was lost.
A nuke costs something like $80,000,000 to produce. It takes time and effort from multiple groups of people. What is an example of losses if this doesn’t count?
There was Rainbow Man, who famously went to sports games across America, holding up a sign that read “John 3:16” in an attempt to convert people to Christianity. He later died in a hotel shoot out where he took a maid hostage in his hotel room full of guns.
^ Emphasis mine. I was curious about this and did a search. Turns out he’s still alive.
Knight Capital - They were biggest equities trader in 2012. They manually deployed code and didn’t get configuration right and it reactivated “Powder Peg”. They lost $460 M in 45 minutes and went bankrupt.
Thanks for sharing. This is exactly the kind of blunder I had in my mind when asking the question, a seemingly silly mistake like forgetting to do something causing way too much trouble!
The program was called “Power Peg” for those googling for it. It was a test program not intended to be used on the live market.
The Power Peg program was designed to buy a stock at its ask price, and then immediately sell it again at the bid price, losing the value of the spread.
Add comment