176400+ entries in 0.064s
mircea_popescu: funny how this works, makes me thing socialism is a constant, like the water table.
mircea_popescu: incidentally : incas were prolly the most socialist tards alive, because they managed to split up, the inca owned everything.
mircea_popescu: their fucking library! they made it, they burned it! what's it to you ?
mircea_popescu: or in other news, if your dad wanted some intromission advice from you when doing your mom, he'd probably have asked.
mircea_popescu: so then what calamity ? "historical calamity" or "they got what they had coming", exactly the same thing.
mircea_popescu: i dunno what cultured means to you, but there's something definitely wrong with the archeologist who goes to the local court to file a restraining order against this one long extinct tribe for having broken all the pots of this other one.
mircea_popescu: asciilifeform what historical event isn't a historical calamity ?
mircea_popescu: the only people who did something of themselves were the ones who didn't.
mircea_popescu: simple heuristic : nobody who paid his taxes for 1989 ever had any money, nor did his children have a chance that was in any way connected to them. black fucking holes of dumb.
mircea_popescu: depends on what "folks like me" means. if it means, folks who stubbornly live in moscow and work for the state, you're right.
mircea_popescu: and, again, the most important predictor for the effects of digestion was...
mircea_popescu: survival of soviet families depended on HOW connected they were, nothing else.
mircea_popescu: the important point in that comparison is that her transition is NOT going to be managed by her
mircea_popescu: you understand ? tools have their mass, which means microscope is perfectly usable hammer.
mircea_popescu: every object has other assets. THIS is what it means to be an object.
mircea_popescu: her : "so how the fuck would i manage my transition!111!"
mircea_popescu: her : "and besides, that webcam site was not even in russian"
mircea_popescu: her : "you already said no company ever needs a soviet accountant".
mircea_popescu: her : "even if you are right about where this shit's headed, i would not last five seconds"
mircea_popescu: so the year is 1988. the persons are a well connected mobster and a youthful rose. she is in a terminal year at university, studying to be a soviet state company accountant. he just came back from dubai.
mircea_popescu: let's work an example with sluts, easier to take women as objects than yourself as an object.
mircea_popescu: <asciilifeform> mircea_popescu: i did not say 'wot is useless' but that i in particular do not - as demonstrated experimentally not long ago - command particularly much market value there. << the idea is not that you command anything. the conversion from postmodern derp to feudal subject is not done under the control of the derp.
mircea_popescu: the only way people could be moved off the good policy to the shitty one was the garglwe of "rights" and shit
mircea_popescu: asciilifeform you know feudalism is safer for the slaves than even socialism. certainly than capitalism.
mircea_popescu: gotta protect the bitcoin. both in this angle and in the angle kako was discussing yest.
mircea_popescu: but anyway, in proper (ie, macroeconomic) terms, this consideration is the reason, ie the absolute driver, of why society will reorganise into feudalism.
☟︎ mircea_popescu: it will happen like the collapse of the us happened : once everyone agrees it's not possibru.
mircea_popescu: it just reproduces the same generational conflict that's present in society ever since forever.
mircea_popescu: by definition. as they aren't owners, the only thing they can be is looters.
mircea_popescu: asciilifeform what's your definition of "schelling point" ? doesn't have to be immutable, does it?
mircea_popescu: nevertheless, the fact they're dumb doesn't mean the bait ain't there.
mircea_popescu: which is why all the vc bullshit that keeps missing bitcoin by a mile
mircea_popescu: the usgtards like to act as if that future point is here, because they're too enamoured of the swamp they inhabit.
mircea_popescu: in that <mircea_popescu> at some certain future point it becomes more lucrative for the owner of mining gear to "start a new bitcoin" than to continue adding to this chain.
mircea_popescu: at some certain future point it becomes more lucrative for the owner of mining gear to "start a new bitcoin" than to continue adding to this chain.
mircea_popescu: what happens to bitcoin should reward halving run into an impossibility to finance further mining ?
mircea_popescu: what happens to gold when no more mining is possible ? (as you know, gold is finite in the universe)
mircea_popescu: with bitcoin, the responsibility for keeping everyone's gold secure rests not with the owners, but with the.... miners!
mircea_popescu: consequently, depending on your efficiency, you'll be spending a coin every X interval off the hoard.
mircea_popescu: asciilifeform consider the situation : with gold, the responsibility for keeping gold secure indivisibly rests with its owner. either you build a vault and pay guards, or else you don't own it.
mircea_popescu: most of these investors can not legally keep money in local bank accounts.
mircea_popescu: (bitcoin unintelligently transformed its already minor cost into a disasters of commons situation, due to the fact that satoshi had about as much financial experience as a holywood star. but anyway.)
☟︎ mircea_popescu: unlike bitcoin, strong money of any other kind decays over time
mircea_popescu: conversely, if for whatever reason (such as horrible insecurity everywhere else in europe, while romania's sterling cannons guarantee it'll be fine), you decide to pay 106 cents for the dollar, your yiedl will be
mircea_popescu: now, if you put in 75 cents t obuy a dollar of this, at the end of the year you will be paid either nothing or 105. which means that your yield will have been (105-75)/75 ie just about 50%.
mircea_popescu: so, the guy went to place, ie sell, romanian bonds paying 5% for 75 cents to the dollar.
mircea_popescu: let's start with an example from the 1800s, on trilema : "Că d-l Grigorescu, șeful direcției contabilității din Ministerul de Finanțe, va pleca la Berlin, Viena și Frankfurt în scopul de-a plasa rentă 5 la sută română pe prețul de 75 suta ?"
mircea_popescu: seeing how the us is full of wanna-be callmakers and practically empty of actual workers doing the actual work of callmaking.
mircea_popescu: it COULD be your job to make him support materials to make the call, tho
mircea_popescu: as yhou're not the boss it is not your job to make that call.
mircea_popescu: make him a nice file, explain it all, takes you maybe 3-4 hours of your time will make him want to promote you.
mircea_popescu: can evaluate if he wants to be in it or not on his own.
mircea_popescu: it's a very low moat business. no idea how lucrative, but establishing a "stellar" reputation and pushing everyone else takes months, on account of how dumbassly undependable they all are.
mircea_popescu: PeterL anyway, dunno how close you are to management / how tolerant of redditards your strategy is, but - you could even be proactive about it. register on whatever social medias they frequent as "the lab", do some testing even on your own dime at first to establish rep,
mircea_popescu: PeterL it's a necessary next step from thinking combining people's votes yields a valuable result.