mircea_popescu: <decimation> it's all a game of who can pass the liability to usg the most directly <<< quite.

mircea_popescu: by the time you're shooting policemen you're not going to save on the rifle. those suckers cost thje enemy like 1.5-3 mn a pop.

mircea_popescu: BingoBoingo nah, much better barrel. accuracy is a thing.

mircea_popescu has never actually seen a mosin used in practice. ever. anywhere.

mircea_popescu: ...then they' dwant a modern sniper rifle.

mircea_popescu: more like a "tough as nails, swiss made SKS". like the mac10 maybe.

mircea_popescu: in any case im notsure you'd want a plain bolt action for that purpose.

mircea_popescu: kinda how a mpcomputer would work , for that matter.

mircea_popescu: incidentally, on that score : as mike_c correctly pointed out a week or so ago, headsup is actually a broken game now, courtesy of teh damned computers.

mircea_popescu: there's a lot of similarity between how prokaryotes ended up with mitochondria and how commerce ended up with the mortgage.

mircea_popescu: which is the very definition of mortgage (a topic of not little historical interest, because it's one of the rare cases where we can observe biological evolution at work in what's supposed to be fleshless abstractions)

mircea_popescu: the idea being that contracts (of the old sort) are flexible and useful, just as long as the chumps grok that there is no such thing as "a standard contract".

mircea_popescu: if not, fuck me and my stupid "palace" with no running water up on a mountain in the desert.

mircea_popescu: let's work a model. suppose i own 85`000 square footage of marble flooring, used for running a harem. suppose i come to the conclusion my harem doesn't attract good / numerous enough cuntage. suppose i decide this is because there's no belly dancing happening. suppose i go to a belly dancer in city and say, listen, i'll loan you 10k golden pistoons if you start a belly dancing school on my marlbe acreage.

mircea_popescu: i vote #b-a best afternoon show in town.

mircea_popescu: dude it's so great to come to logs after a nice meal and find all sorts of gems like these.

mircea_popescu: y usage, the notion of short int was created, sometimes as small as a byte (8 bits).

mircea_popescu: http://log.bitcoin-assets.com/?date=04-03-2015#1041414 << here's the long story : traditionally, "int" means a word, and word means a register size, which is machine dependent (was 8 bit, then 16, then 32 and now is 64). because historically the register was inconvenient for human use, the notion of "long int" was born, as a dword (two words) or qword (four). because historically the register was inconvenient for memor ☝︎

mircea_popescu: http://log.bitcoin-assets.com/?date=04-03-2015#1041297 sad that it had to turn into http://trilema.com/2013/the-analysis-of-a-failure-asicminer/ ☝︎

mircea_popescu: like, give a million no recourse loan to the nude girlies show to produce itself on your new fairgrounds

mircea_popescu: (which is why i won't take a mortgage deal that has recourse past the item bought, nor would any sane businessman. yet usian idiot consumers regularly do, because hey. they've come to expectorate.)

mircea_popescu: this sort of counterfactual is a tad nonsensical.

mircea_popescu: consider the bank loans you money for a mortgage, and tomorrow houses go for 2 dollars each.

mircea_popescu: asciilifeform the explanation is that "exchange value of btc" is a broadly meaningless notion, and only vaguely useful as a temporary crutch.

mircea_popescu: anywya, it was a point long discussed (among the financial minds) that the nature of btc makes distinction of loans and equity difficult. this was principally centered around the mpoe bonds back when those ran.

mircea_popescu: Theodore Sturgeon, respected creative and prolific science fiction author, shed the following offhand remark which instantly codified as Sturgeon's Law: "90% of everything is shit." One might visit a university library and walk through Women's Studies or hyphenated-American literature areas and wonder where Sturgeon's 10% is cloistered. Why pay parking fees? The 90% will come knocking at your door, then break it down d