242700+ entries in 0.06s
mircea_popescu: just say how many lengths of chord you want to hang yourself with.
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: dragosb i play very little these days. i mostly played live, and mostly pre-consumer internet.
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: and as to limited recourse, it can be limited whatever way. generally it is, "lend me this money to buy this house, i pay you so and so, and if i don't you keep the house."
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: belly dancer expert walks and i'm more than welcome to repay myself.
mircea_popescu: if not, fuck me and my stupid "palace" with no running water up on a mountain in the desert.
mircea_popescu: now, if the school goes well and makes money im getting my pistoons back.
mircea_popescu: this is the sort of thing. the professional has no interest in leaving their current place just because i want to relocate them, and the situation isn't feudal, where i just order them moved.
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: dude it's so great to come to logs after a nice meal and find all sorts of gems like these.
mircea_popescu: yeah, inasmuch as gavin tiptoes around my lunch hour, i would propose they're painfully aware of it, yes.
mircea_popescu: both of these are becoming obsolete as ram is cheap and 64 bits plentiful. so in the future, int will just mean "integer number" and that's that,
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: so nice to see qntra redo the bitbet history with this gaw scam
mircea_popescu: like, give a million no recourse loan to the nude girlies show to produce itself on your new fairgrounds
mircea_popescu: no recourse real estate deals are in the vast majority of the time attempts by some crown or other to hike the land values.
mircea_popescu: the former are mortgages proper (if the payer goes bust you get the item and that is all) , the latter are commercial paper (if the payer goes bust you suck it).
mircea_popescu: the trick is to not write that many donations while alive
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: but that aside : the terms of the loan specify the recourse, and that's that.
mircea_popescu: consider the bank loans you money for a mortgage, and tomorrow houses go for 2 dollars each.
mircea_popescu: there is no such thing as the "exchange value of money". money is the one thing without an exchange value, being the exchange value of all things.
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: buncha threads from 2011/2012 prolly very informative for this topic
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: bitbet largest revenue to date is not when btc was 3 bux
mircea_popescu: this widely consensusified notion has no met any sort of practical validation so far.
mircea_popescu: actual bitcoin companies, such as for instance listed on mpex, generally don't have the problem.
mircea_popescu: imaginary sources of bitcoin, pretend "bitcoin businesses" like coinbase or w/e suffer from the problem ytou describe
mircea_popescu: <thestringpuller> but that was interest free loan no? << no.
mircea_popescu: thestringpuller these things aren't related. bitcoin has been fine for credit for years. idiots aren't or ever will be ready for life.
mircea_popescu: sadly i don't have credit cards, as i don't subscribe to open liability deals. but i wonder what the original texts say
mircea_popescu: asciilifeform im sure it's all the same. but the point being... this works ?
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
mircea_popescu: dude, the fucking notion that this shit sounds credible.
mircea_popescu: continue using your card, and upon verification, we will remove any restrictions
mircea_popescu: 2015. As the Primary Contact, you must verify your credit card activity before you can
mircea_popescu: We detected irregular card activity on your American Express Check Card on 4 March,
mircea_popescu: another internet classic which is apparently disappeared.
mircea_popescu: now obviously if done badly/traumatically the results are more like you know, that guy with the telephone poole
mircea_popescu: similarly, the girls that can swallow a snake don't puke a lot.
mircea_popescu: the girls that fist that i fucked don't have worse grasp than the naive set.
mircea_popescu: asciilifeform you have a purely anatomical view of what is a physiological process.