201800+ entries in 0.078s
mircea_popescu: so - without inflation they'd still be around, derping on, as if their ideas and values are valuable and useful.
mircea_popescu: this was a convenient excuse in romania, "things went to shit because teh russians are making us do it !111"
mircea_popescu: it's not like the aliens came in and made the country stupid.
mircea_popescu: yet the continuation of his imbecility is exactly 2015.
mircea_popescu: which is the point. the "1971 educated man" does not yet know he's an imbecile.
mircea_popescu: huge profits could be driven by raping it from the future.
mircea_popescu: you understand ? the society of 1971 is just as broken as this one, but not actually raped yet.
mircea_popescu: im sure some uppity redskin proposed the steam engine, too.
mircea_popescu: the entire "apple stock could buy russia" is nothing more and nothing else than, "you could probably buy all of 1971"
mircea_popescu: much enough that it was put in fucking star trek, right ?
mircea_popescu: see, admire the beauty of it. how much would an ipad be worth in 1971 ?
mircea_popescu: chiefly through the process of, the world of 1971 not being worth two shits in the terms of today.
mircea_popescu: because the context has changed. in 1971 a lot of schmucks knew their place.
mircea_popescu: this is not unlike the idiot jews in ghetto taking jobs for germans.
mircea_popescu: yes, real estate allows them to "profit" from inflation, in the sense of being taxed at 30% instead of 65%
mircea_popescu: all one needs to do is keep screenshots over fixed time intervals. eventually the data should be indicative.
mircea_popescu: apparently there's about a dozen or two diddle "profiles"
mircea_popescu: this ain't no kind of deathray. the (incidentally : verifiable) maybe-deathray-esque parts are above in any case.
mircea_popescu: moreover, trilema is not a news rag, it's a personal blog.
mircea_popescu: shinohai maybe i don't understand crosscompilation, but a) shouldn't it work on pogo if you ever got it to compile/link anywhere ? and b) wasn't the idea to avoid compiling for the pogo ON THE POGO anyway ?
mircea_popescu: otherwise you'll get "brownstone is the best stone" and "american ideas must prevail everywhere" endlessly.
mircea_popescu: come to think about it, all the things "we" dislike about postmodernism, specifically the deluge of cultural artefacts (ideas, as opposed to [civilisational] artefacts, ie items) may well be the unavoidably necessary equivalent to inflation, to wash away the idiocy of these guys without having to beat them up/
mircea_popescu: stubbornly refusing to admit that ideological estate they once bought is not now worth what they paid for it eventually die"
mircea_popescu:
http://log.bitcoin-assets.com/?date=11-08-2015#1234470 << in its own mind the us is always going to be firstest bestest. it ends as the twerps in question die out, britannia also thought itself first bestsest 4evar!! all through the 30s, and the 40s, and the 50s (remember the humiliation they and the french got in egypt, bested by sadat ?) and so on. it died meanwhile through the biological process of, "the old people
☝︎☟︎ mircea_popescu: the unholy alliance of the pretty airhead and the horde of self-loathing hamplanets where the latter convince the former that they should grind their face on sandpaper and cut off her nipples because the ugliest she gets, the "better"
☟︎ mircea_popescu: angelina jolie is following the psychotic body mod trends of every zsa zsa gabor since the 50s, except she's not lifting her skin to the point her bellybutton adorns her chin, instead she's taking out her ovaries, the fat in her tits and i suppose putting in an armenian unibrow next, because hey.
mircea_popescu: and re charlize theron : i get it, chicks not really able to act, but is very pretty, so she's going to do either porn or action movies (which really aren't in any sense distinct). makes sense. what doesn't make sense is this bodily self-loathing hot women in hollywood seem to have gotten into the past few years.
mircea_popescu: "In the future, everyone has a war machine, nobody wears seatbelts and everyone tries to be as flammable as possible. Damn right."
mircea_popescu: due to that position, the yuan's simply worth whatever the fuck they say it's worth.
mircea_popescu: balzac's french contemporaries (who were on the napoleon gold standard) pretty much used the beatings, which did make for great literature but really a rather miserable society.
☟︎ mircea_popescu: by a damned sight better than say, beatings. and it's altogether unclear an alternative to these exists.
mircea_popescu: the most relevant part of all this to bitcoin being that price stickiness (principally, the stubborn refusal of old people to admit that real estate they once bought is not now worth what they paid for it) may very well require inflation as the best social solution.
☟︎ mircea_popescu: it's one way to fix their major capital allocation issues / bad provincial govt "investment" / valuable real estate on paper etc.
mircea_popescu: mats the true question is whether this is a test run and they hit it again more to the tune of 30-40% later in the year.
mircea_popescu: in any case, reddit's gonna die its own, livejournal-y sort of death. digg iirc died when it crashed against a thick brick wall of "nobody cares".
mircea_popescu: i suspect it's alltogether more layered laziness, such as, "if i give up the delusion that my activity on the rickety house of cards we call reddit matters, i will have to find other work to do as part of my being politically important, which is hard and risks requiring me looking up from the tablet or going out of starbucks. so let's instead pretend."
mircea_popescu: these'd be all sorts of self-described activists, which in any other place'd be known as "political arivists" except this doesn't apply because they're actually too fat/lazy/lost in self to even have ambitions.
mircea_popescu: amusingly enough, no, because apparently all sorts of people (who otherwise have no money and no influence, which is to say - their inept choices ands valuations have stranded them irl) think it's incredibly important and valuable!
mircea_popescu: welll... no, not really "all sorts". "autistic usian" sorts.
mircea_popescu: along with all sorts of personally damning tidbits and a treasure trove of all sorts of lols.
☟︎ mircea_popescu: and finally g) they've been bleeding people from engineering at an ever accelerating rate since 2010 (or earlier) and by now it's so bad people leave during the first three months as a regular occurence. they briefly and unsuccessfully tried the "pay more" approach, it didn't do much, currently they've practically given up on the problem altogether.
mircea_popescu: f) they tried all sorts of experimental "harness the negative votes" but nothing could be made to werk
mircea_popescu: e) the system is pretty byzantine so that admins regularly can not predict what the results of their choices will actually be
mircea_popescu: c) to cope with this situations the admins universally make up random vote counts ; d) to cope with the shortage of manpower this causes all sorts of exponential factorizations are used, which means that in practice a story is first "fast tracked" which means some admin ticks a box and from there on it gets all sorts of factors and additions
mircea_popescu: a) very few entries actually get > 100 upvotes. as in, it's happened twice so far this year. b) the number of negative votes exceeds the positive by a degree of magnitude or more on average, and regularly by two degrees on "popular" items. when this doesn't happen it's always obscure stories with one or two votes.
mircea_popescu: sooo, i got a rather amusing internal report from reddit. it would seem that
mircea_popescu: because they make very strictly no difference whatsoever.
mircea_popescu: and this without any discussion of the merits. as great as they may be. and without even reading them.
mircea_popescu: not like the us police implements the rules dreamed up byu the supreme soviet of north korea
mircea_popescu: and there's nothing wrong with it being a closed process, either. other than - don't expect folks whoi aren't politically alligned to give a slightest fuck.
mircea_popescu: that'd be about it. claims to the contrary are an exercise in directed disingenuity.
mircea_popescu: that's what open is : something that continues only inasmuch i do not break it.
mircea_popescu: tell you what. unless i can personally break it, it does not meet my definition of "open".
mircea_popescu: reddit notably also publishes through an open process.