152400+ entries in 0.044s
mircea_popescu: or whatever, read the various bleeding heart reenaction about the fate of the proletarian in the pre-1900s.
mircea_popescu: the interests of that force will never align with your naive market theory, and so no, categorically, market in v's isn't happening.
mircea_popescu: which is why the only time a market in women exists is when it's maintained by significant outside force.
mircea_popescu:
http://log.bitcoin-assets.com/?date=14-03-2016#1432731 << this idea seems good in theory. in practice, this is exactly never happening. easier to understand why not, is to understand why there IS something categorically preventing a market in women ; like a supermarket where you go buy one. the ones that are above average have no incentive to participate - see the discussion about lemon laws and the death spiral except
☝︎ mircea_popescu: it is eminently difficult to reconstruct what people thought years ago ; famously - one can't actually do this for oneself, which is how proust got to be famous.
mircea_popescu: this is the same kakobrekla, you recall, who went on a trip to check out a hungarian asicminer on a day's notice, also in these very logs. the sort of rationality of old people is not particularly relevant to the young - and same is true of bitcoin.
mircea_popescu: but yes, if you're curious, the reason i might blast at you when you go into a patented jurov tailspin while i'm simply bitchslapping him into oblivion is that you WERE here then, and your spleen is actually part of that same ground. and yes these things matter, at least to me.
mircea_popescu: obody's thanking anyone for giving up his spleen to MAKE UP the ground on which he walks - it's just ground, a given, forget about it) you want to credit rather than charge, so as to give things a chance.
mircea_popescu: obviously anyone reading is free to color what they read any way that suits them, but still.
mircea_popescu: asciilifeform> phf: they never quite got to this point << i dun think this was the case either intended or implied.
mircea_popescu: it's neither becoming of your other talents nor any kind of service to the republic.
mircea_popescu: asciilifeform your offer to pay what the thing costs is going to cost us A FUCKING FORTUNE down the road. you understand this ?
mircea_popescu: "it was in the red whatever asciilifeform would take to babysit 4 years of bitbet and resolve 1.2k bets."
mircea_popescu: solrodar> they chose not to charge it to the company, therefore it didn't count << this is correct. but he's welcome to consider counterfactuals also. just - shouldn't expect me to present factuals for counterfactuals, should write his own story himself!
mircea_popescu: obviously enumerable, impossible to evaluate. and incidentally - how many fucking weekedns omfg!
mircea_popescu: or in more at-home terms, what exactly am i going to put phuctor into the s.nsa books as ?
mircea_popescu: asciilifeform> << just how deeply in the red ~was~ bbet, if we consider this ..? << i dunno man, how much for a night with my slave of your choice ? for me she'll do it for free, you she will not even consider. and this speaks to phf's and other's q as to why assets weren't on the books since they can be trivially enumerated : yes they can be ; but they can't be VALUED. what's the accounting value of bitbet codebase ?
☟︎ mircea_popescu: asciilifeform> this is the historic norm, when there was no blockchain, only stone knives and bearskins. << yeah, and guess why.
mircea_popescu: asciilifeform> which is, to define 'being paid in btc' as 'be shown a valid tx that pays you' << o no fucking way jesus christ.
mircea_popescu: asciilifeform> mircea_popescu described the high-S thing as noncontroversial << wasn't that the other one ?
mircea_popescu: i have nfi how it works, and imho it actually matters for making sense of the observations. << the problem here is that complete transparency can not be achieved for practical reasons. if it could have been, have no doubt i would have preferred to this "under my seal" report avenue.
☟︎ mircea_popescu: mats the question under audit's not that ; not that it would prevent you from doing whatever.
mircea_popescu: asciilifeform if i didn't think so, the qntra piece would have read "fuck vc sybils already".
mircea_popescu: phf whatever people do with their private funds is their problem, the contract still says the shareholders get it.
mircea_popescu: asciilifeform can i relay directly to miners, or can't i ?
mircea_popescu: this model of (perceptible relay) + (imperceptible miners) is nonsense of the ilk of meta-nsa-in-the-sky.
mircea_popescu: do they not exactly read "i, asciilifeform, hereby do declare there's no relay network other than the miner's own" ?
mircea_popescu: asciilifeform did you not say the words "mircea_popescu having a notion that he knows how to avoid connecting through them to the minerz" ?
mircea_popescu: if more people had at any point throughout the intervening tax seasons stopped and thought "hey, i made whatever, 100k dollars this year, of which i'm signing off 60k to usg - might as well send tmsr the 0.1% it charges in tax!" then perhaps the foundation would have enough money and i could just donate it there as an endpoint.
mircea_popescu: well, i'm not entirely sure it can charge 1% if it doesn't resolve the bets.
mircea_popescu: asciilifeform> and possibly he is now cured of it. <<< amusingly - quite on the contrary! ~you~ had that notion, and appeared to stick to it even in the face of my pointing out that this arrangement is not stable, and only the miners could possibily be running the show.
☟︎ mircea_popescu: iirc originally a chunk was sold, then sometime early last year or perhaps late 2014 the remainder of the shares were distributed to the principals. iirc i didn't sell much, mostly now and again to try and temper overexcited price action. should be something like .5 to maybe 3mn shares outstanding depending how much kako himself sold.
mircea_popescu: but hey, if that's above what can be had, whatever, i'll build a shrine to allah / brothel / whatever out of the proceeds and that's that.
mircea_popescu: phf in general it'd be helpful if other avenues were found from this sort of situation. in any case it'd be good for bitcoin.
mircea_popescu: it's a disease of the mind that i don't really think can be cured, just quarantined.
mircea_popescu: asciilifeform> and don't need a 'speaker for.' <<< the problem with the democrat's mind is that he's been ruined by low effort "success" and so will forever be seeking this fantasy of a "silent electorate" to propel him through a life without labour.
mircea_popescu: so in this sense, bitbet's coffers ARE mp's coffers, and no separation is to be had.
mircea_popescu: phf there's no guarantee offered or even contemplated that bitcoin is not fungible.
mircea_popescu: that was also unpredictable bla bla. and i'm sure the shareholders would very much like management to insulate them from it. if only.
mircea_popescu: that unnamed business, for instance, sustained a 600k euro cost of doing business with fiat banking.
mircea_popescu: now, one could say "the same is true of fiat banking", and BY AND LARGE THEY WOULD BE RIGHT. see for instance
mircea_popescu: but currently, the actual bitcoin network fee doesn't even ammount to 1% of the actual cost of interacting with this sprawling pile of shit.
mircea_popescu: there's of course also the cost of handling bitcoin payments, which is very VERY far from "free", irrespective what the "big blocks" derps think.
mircea_popescu: solrodar mno. you may not realise this, but bitbet has to date clocked close to 2k hours of admin time. and this is pointedly not minimum wage sort of work.
☟︎☟︎ mircea_popescu: but upon consideration, i did put the amt for the server into the costs, it really being a pittance
mircea_popescu: so he rather cavallierly offered to continue eating the server while i continue eating the admin.
mircea_popescu: the latter part come at an end at some point last year, when he asked to have it included in the cost structure. i pointed out to him then that if i correspondingly add my expenses in, we might as well close it.
☟︎ mircea_popescu: phf well no, kakobrekla wrote and maintained the code and for a while covered the server costs. the former part is no trivial matter, i will point out.
mircea_popescu: the "reserves" thing was mostly a joke. at the time it so happened as part of the mysterious functioning of the mp payment network that inputs originally sent to bitbet were not spent.
mircea_popescu: dunno, and the people involved had not the foresight to leave us detailed records of how that logic went.
mircea_popescu: asciilifeform> nubbins`: or was the idea << or possibly the system that worked well for s.dice was simply carried forward, with not enough thought given to the matter. "hey, it's also gambling".
mircea_popescu: it's just this unpleasant "bitbet bets once resolve enact history". i dislike the notion of cementing google's transpared ploy into my blockchain. i'm sure it's all me.
mircea_popescu: going through a game of go is rare among endeavours in that i can't be doing other things.
mircea_popescu: not in a manner "technical knowledge" or say a blueprint is.
mircea_popescu: asciilifeform very different concerns here ; history may be informative but it's never dispositive.
mircea_popescu: i even promise to not pelt with invective the poor receiver whichever way he chooses to go.
mircea_popescu: ow fuck, that's ANOTHER thing i won't have to do, resolve that god damned bet, huh.
mircea_popescu: much as in the case of a recent game of go - what exactly would it being clear or unclear to you do ?
☟︎ mircea_popescu: a strength both understood and tried to be replicated by a bunchy of lesser copies throughout the "unalligned" movement and well beyond.
mircea_popescu: but most to do with how idiotic everyone else was, not not even measure up to the georgian.
mircea_popescu: and to disabuse THAT notion, i don't personally think stalin was either very apt, very smart, or any sort of example to be followed. is, indeed, a notable example for all sorts of things,