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mircea_popescu: which one is sudoku ? theone that is taking over the idiots that used to do crossword puzzles ?
mircea_popescu: i dunno who sane still plays chess. might as well "play" hanoi towers, it's closer to compulsion than anything.
mircea_popescu: then chokes showed up and for a good decade people were all "no dude, there is a shaolin monk somewhere that can hit your spirit!!11"
mircea_popescu: but speaking of this, i recall the lulzfest of the "consensus" in the 50s to 90s about how you know, striking is the way to go.
mircea_popescu: if you actually love him you can try slavery, but this works exclusively on the thin set of people who understand deeply they suck
mircea_popescu: yes, he's in touch with the *fashions* of his society.
mircea_popescu: Adlai there's no such thing as "the reality of a society"
mircea_popescu: this is ridiculous on the face, of course, but hey. if they understood things they wouldn't be underclass.
mircea_popescu: trinque essentially what it boils down to is the proposition that the underclass does not agree the elite should have the right to opt out whatever redistribution system they come up with.
mircea_popescu: "how about you go be a transsexual/gender confused/derpopotamus about Bitcoin TOO, then"
mircea_popescu: "so you mean to tell me now i don't get a say into how the world works anymore, because back when i got the benefit of the doubt all i could do was being an idiot on reddit ?" "exactly"
mircea_popescu: "what do you mean, i can't own a pet only for the portion where i wanna play with it, but not for the portion where i have to feed it and clean its cage ??!?!" "exactly"
mircea_popescu: "but we only want a say in the things we want a say in and only for the part we want to say something" "yeah well that's not how this works"
mircea_popescu: this idea that most people "should" get a say in what happens to them... dude, if you do that, the same most people go "hey, i don't want to be bothered reading 548958609 pages of tax code, to then go have a hanging party for the govt that made it".
mircea_popescu: "Why does that matter? Because people have a right to democratic institutions. People have a right to vote on or have a say in matters that govern their lives. Bitcoin, as it exists now, takes that away from people."
mircea_popescu: "The difference is, the people whose behavior would be controlled have no say in changing those economic assumptions. "
mircea_popescu: (iirc he's still wanted on "tax evasion", which is pretty much the highest accolade of personal achievement the empire can bestow on any free individual)
mircea_popescu: "i support america because if i didn't, you'd just take it all anyway like putin took X's. I'm no Soros."
mircea_popescu: part of this is his complete neglect of investing in politics, which is why as a senile old man he's writing blanket checks to the government.
mircea_popescu: buffett is a success story in the sense that he managed, with skill and persistence, to get fleeced LESS than anyone else.
mircea_popescu: specifically because math is math, and the thing can't even keep up with itself.
mircea_popescu: which is why (in another, financial-based formulation) the whole shebang's approaching event horizon.
mircea_popescu: conceivably you have to make well over 50% per year to keep up with the bureaucracy inflation that always doubles paper money inflation in a command economy.
mircea_popescu: if you don't get 100 senators for every senator you had in 1965, you're behind.
mircea_popescu: if your investmentrs aren't yielding 20% WHILE YOUR POLITICAL CLOUT IS YIELDING 20%!!!
mircea_popescu: fact is, for the past half century, inflation was about 10`000% total.
mircea_popescu: and it would go exactly with the exact same 100x you'd get looking at health care.
mircea_popescu: goes splendidly with the 100x i extracted from real estate and the 100x i extracted from education.
mircea_popescu: back when this shit was starting, late 70s/early 80s, a VC partner needed to keep an eye on about 500k - 1mn worth of equity.
mircea_popescu: but THAT is the true measure of inflation : what VCs find "not worth their time".
mircea_popescu: pete_dushenski and amusingly, this is a very indicative symptom of the problem. if "inflation didn't exist" and all this created value, people would care as much about 10 bucks now as 50 years ago. hey, it's a lunch.
mircea_popescu: so... yeah k, markets are efficient. anglosphere hasn't seen a market in many decades, if indeed it did this century.
mircea_popescu: ethereum through and through "technologees" you can't even short because nobody actually bought. because no actual market, because no actual anything there.
mircea_popescu: well, not the sort of people liable to go "hey, what ever became of the coinapult / feedzebirds / whatervs".
mircea_popescu: meanwhile, silbert is a guy who wants to get his name associated with the space, ver is a meanwhile broke dude who imagines that if he keeps being mentioned he stays relevant, as if, and voorhees just wants to keep his name in the press lest people forget.
mircea_popescu: the recent derpology wtf was it called perfect example
mircea_popescu: what is the market ? look at all these two bit "serial entrepreneurs" with their constant start-ups. how often is the news item "previous start-up of X did something" vs "new start-up of X got so many in lolfunding from a) people who wish to be in this press release and b) people he owes money to from the past, and we're not mentioning that past" ?"
mircea_popescu: as long as we're ticking off words off wordlists we might not even bother with the industry at all.
mircea_popescu: "we have 500 people and 200 fish" "cut fish open, insert 2.5x time their weight of dirt, sew back together"
mircea_popescu: heck, the solution of renaming the homeless to "Solve" "the homeless problem" is exactly cosubstantial with how command economies "solve problems".
mircea_popescu: it can be made out of thinned out air for all they care.
mircea_popescu: ie, "fair metrics". if it can be called chocolate so they tick off whatever thing in some paperwork.
mircea_popescu: cadbury sells to "institutions" aka govt agencies, and is paid by same way.
mircea_popescu: not the point. the point is that cadbury has the same relationship with random derp buying chocolate as pharma company with random derp taking pills.
mircea_popescu: it will make brown polyester almonds if that's what gets it the sweet sweet qe paper.
mircea_popescu: cadbury produces for ^H^H^H at hte government's pleasure.
mircea_popescu: the problem with command economies is that there's no market.
mircea_popescu: what version control when you have ongregatio de Cultu Divino et Disciplina Sacramentorum references ready ?