175700+ entries in 0.039s
mircea_popescu: who has the authority to distribute "slaps on the wrist" again ?
mircea_popescu: except there's no argument and who the fuck are these schmucks again ?
mircea_popescu: BingoBoingo you know i can spot your troll accoutns by a mile by now
mircea_popescu: alternatively, all women are the same woman, eh pete_dushenski ?
☟︎ mircea_popescu: iirc taki theodoracopulos of "of fucking course you can't rape a 16 yo MALE" fame got booted from whatever sharecropping outfit he was working for prior and struck out on his own.
mircea_popescu: anyone sent him a line, maybe he wants a weekly column in qntra ?
mircea_popescu: incidentally, that takimag is not bad, and taki himself is historically pretty close to sanity.
mircea_popescu: for the needs of this conversation, as well as so many others.
mircea_popescu: but this is also typical of terminal empires, so in my view the whole experience of the united states can be simply >/dev/null
mircea_popescu: this onlyt happens because the old farts feel safe, and they feel safe because the kids aren't alright, not by a damn sight.
mircea_popescu: it's true that young kids in the us aren't qualified to be toddlers, and it's true that as a result they sheepishly accept salaries that are a decaying joke.
mircea_popescu: anyway, not so sure the brief post ww2 experience of the us bovines has or should have much place in this conversation.
mircea_popescu: so heck, maybe a new bitcoin every ~30 years is actually the correct state.
mircea_popescu: but that doesn't mean that bulk and wholesale old people have anything to trade with young people, or vice-versa.
mircea_popescu: and, notably, we don't even know generational re-bitcoin is actually such a bad idea. it's true that some, few and far between, old people have relevancy for young people, and that a minority of teens will gladly spread for a VERY thin minority of "come see my new movie. with catherine zeta jones. raaa!"
mircea_popescu: what do you mean "can algorithmically price" and what do you mean make sense ?
mircea_popescu: because once that magical line is crossed, we'll start seeing cycling behaviour.
mircea_popescu: which kinda is why the discussion was about a time far, far away. four to five halvings into the future this matter becomes important.
mircea_popescu: by this formula current btc inflation is almost 10x as high as it should be.
mircea_popescu: the key advantage of fiction is that it's not required to tell any part of the story it doesn't want to.
mircea_popescu: hence my comment comparing to a holywood star. it wasn't idle words.
mircea_popescu: i then looked into the obvious, and the obvious obviously doesn\t work.
mircea_popescu: but i was discussing obvious translations from irl to btc.
mircea_popescu: note, i did not for a second propose these are good, or even above 0 solutions. they are not.
mircea_popescu: yes, it would encourage holders of btc to also hold miners./
mircea_popescu: absent this, the society cycles, with old schmucks masskilled periodically.
mircea_popescu: inflation is a transfer of wealth from old to young, to mirror the transfer of relevancy.
mircea_popescu: you understand that the bitcoin (holder, miner) set is an exact translation of the irl (old fart, young cock) set yes ?
mircea_popescu: neither of these seems to work well even theoretically, let alone the practical mess they entail. it is probable an alternative interpretation of reality through the bitcoin twisted mirror actually exists, but i'm not where i can see it.
mircea_popescu: the other obvious approach is probably at the root of the "proof of stake" retardedness.
mircea_popescu: seeing how historically, inflation between .5 and 1% a year seems to correlate with a maximum on the wealth creation graph.
mircea_popescu: alright, so each block reward is say 17/100000000 of the total monetary base.
mircea_popescu: ben_vulpes one obvious approach is, fixed rate inflation, rather than decaying inflation. each block reward is say 1/10k the current monetary base.
mircea_popescu: so "imaginary inexistent problems are being advertised into existence"
mircea_popescu: those people retired, their kids grew up with this "if i don't look uner the bed there's no bugaboo there" outlook on life and everything.
mircea_popescu: trinque there's films from the late 70s and all through the 80s going "hey, us better shape up or we're fucked"
mircea_popescu: i dunno that such a thing matters anymore. that was more of a consideration in the 90s, back when there existed some sort of school discipline.
mircea_popescu: (Registrar: ENOM, INC. as for some reason the derps don't use their own license)
mircea_popescu: anyone see namecheap on the qntra.net whois for my curiosity ?
mircea_popescu: which makes about as much sense as anything to do with dns, really.
mircea_popescu: and speaking of alternate reality perceptions : both namecheap and internet.bs THINK they hold the registration of qntra.net currently.
mircea_popescu: they all currently work, ill add some redirects from .the abandoned domains