asciilifeform: mircea_popescu: so, chump asks bank to close account, in actuality it never happens, if decade later some hobo digs through his rubbish bin and finds old chequebook, and tried to charge against it, bank will attempt to collect ?
asciilifeform: mircea_popescu: elaborate re 'no closed account' ?
asciilifeform: phf: the 'they keep your closed acct secretly open so that spammers, in league with bank, can keep charging it' is not in any contract afaik.
asciilifeform: i'd naively suppose it'd be an open'n'shut case
asciilifeform: what's the court circus for a tort like this look like ?
asciilifeform: mircea_popescu: how's this work, you take out the money, and bank extends you line of credit against your will ?
asciilifeform: i left the cardz at home when i got on the plane.
asciilifeform: the 'they stole yer purse? here's yer $300 back' thing is really a mousetrap cheese, to keep plebes from waking up to the scamolade of fiat bank as a class
asciilifeform: but even before this official surrender, was quite ubiquitous.
asciilifeform: mircea_popescu: usd was legalized in su in '91.
asciilifeform: and earlier. recall thread re 'Берёзка' (foreign currency posh grocery shop)
asciilifeform: by '90 the valuables were already leaving su by the trainload, and usd - entering.
asciilifeform: drug task force assigned to O’Hare International Airport in Chicago before he retired in 2007, told the newspaper...'
asciilifeform: 'Two years ago, Amtrak’s inspector general revealed that in nearly two decades, drug agents paid a secretary $854,460 in exchange for passenger information. Court records suggest that agents have been profiling passengers on most major airlines, including American, Delta, JetBlue, Southwest, United and others, usually without the companies’ consent. ... “We want the cash. Good agents chase cash,” George Hood, who supervised a
asciilifeform: all that comes up in my head is a gavin ballmering at the podium, 'big blox, big blox!' (to the tune of 'developersdevelopers' (tm) (r) naturally)
asciilifeform: mircea_popescu: i can't help but wonder wtf actually goes on at these conferences
asciilifeform: iirc the money went specifically to pay for probate lawyers.
asciilifeform: but mircea_popescu this is not even the most monumental wtf, recall when 'symbolics.com', ~first~ .com ever regged, was auctioned off to spammers ?
asciilifeform: such important item, naturally, has mirror!1111
asciilifeform: well hm, i'd say it does, but the deception is that there are now '100 yachts' for same value of 'yacht' as when there were 10
asciilifeform: thinking about it again, does it actually make sense to roll resource depletion (of empty space around yacht, of molybdenum, etc) into 'inflation' metric ?
asciilifeform: well no mega-seekrit as to why - middle is where the actionable meat lives, and you wouldn't want ~that~ openly discussed...
asciilifeform: imho very palpable dimension, that is usually not mentioned.
asciilifeform: ull, sporting one hundred yachts, the fact that the monetary inflation is matched by corresponding inflation of yacht volumes doesn't help you any : you're now stuck with ninety more fuckwits on your wharf, and yachting shall never be the same. This is definitely inflation.'
asciilifeform: 'Once the organised thieves started their attack on prosperity, inflation was redefined to "mean" something meaningless, to wit "a disparity between the increase in means of payment and the increase in available goods and services". This is poppycock, primarily because if on a wharf somewhere there's ten yachts which each cost one million, then you and your nine friends are THE ten people with yachts. If tomorrow the wharf is chock-f
asciilifeform: 'Ya I wont be betting on this site until they pay the winners for the original trump nominee bet, very shady behaivor.' << holy mother of fuck.
asciilifeform: at this moment, standing at 49.37 BTC ('no'); 33.30 BTC ('yes').
asciilifeform: znort987: i'd say that getting out of coinbase, and similar insanity, or at the very least 'washing' their coinz, if they insist on using usgbase, is the responsibility of the affected users, not of bbet.☟︎
asciilifeform: not my place to say 'you should' or 'should not.'
asciilifeform: znort987: and if you stop, you turn into clone of 'fairlay'
asciilifeform: mats: as i understand, his contention was that the heuristic ~does not work~, rather than 'should not be relied on'
asciilifeform: znort987: what, then, is the issue? if you ran a winery that took btc, and found out that saudi arabia chops off noses of folks who were found with tx buying your wine, you would do what?
asciilifeform: znort987: coinbase, as you probably already know, is owned and operated by enemies of bitcoin and the free world at large, from its first day.
