232400+ entries in 0.062s
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 ?
mircea_popescu: he'll finally have time to find the penultimate bug in bitcoin-donut-core
mircea_popescu: Pablo, Diego, José, Francisco de Paula, Juan Nepomuceno, Maria de los Remedios, Cipriano de la Santisima Trinidad Ruiz
mircea_popescu: soon we'll have names for this thing like spanish nobility.
mircea_popescu: "a bitcoind (pseudo-static, portatronic, orphanage-burner patch with max-bastard constant value of 5 running on pogo, heathen linux.)" << i lelled.
mircea_popescu: if you're willing to seed it significantly it may be hand made.
mircea_popescu: Adlai myeah. was either a year or two. why, what did you have in mind ?
mircea_popescu: anyway. so much to feel smug about ima going to have some people do it for me.
mircea_popescu: memory hole effect. somehow while we clearly see how stupid Xi is, it doesn't end up taring the whole of X equally.
mircea_popescu: pete_dushenski im just saving it to be really smug at mike_c later on, because he was really mindboggled by the entire "usms fraud" thread a while back.
mircea_popescu: " As you may recall, there was public outcry during the fall of Mt. Gox as to why the Bitcoin Foundation “never once warned Bitcoin investors about keeping deposits in Mt. Gox, despite clear red flags dating back to at least April 2013"
mircea_popescu: /usr/local/lib/gcc/4.9/libgcc_s.1.dylib << for crying out loud.
mircea_popescu: nubbins` /usr/lib/libz.1.dylib << wtf is zlib doing in there ?!
mircea_popescu: !v assbot:mircea_popescu.rate.whaack.1:36fd55c84b4411deb8f2c9338798f7c8a7e14802b1caf7a68ec9f4c78ce3ff4c
mircea_popescu: i think stylistically the 20s looked just as broken in 1935.
mircea_popescu: hence <nubbins`> "If you are making a web video, or a documentary, or a podcast and you're picking music to go with it, do me a favor and think to yourself "could this music be used in a bank commercial? Or a Target ad?" And if the answer is "yes" please pick something else."
mircea_popescu: when cheap credit abounds being antisocial is a moral imperative.
mircea_popescu: pete_dushenski amusingly, the "pes sic tendatur ne lodix protereatur" one doesn't seem to be known in english
mircea_popescu: you know who he is, the law abiding middle class type that got raped by usg because hey, socialism has no middle class.
mircea_popescu: i for one am kinda curious to hear what it's like to be one of the usg cattle that actually got the knife.
mircea_popescu: incidentally cazalla, how about an interview with burtw ?
mircea_popescu: it really takes some expert minds to get numeric computing to this point where numbers are a problem in themselves.