242700+ entries in 0.09s
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.
mircea_popescu: i kinda suspect that's how the entire anal stretcher niche got to be a thing.
mircea_popescu: and generally speaking i'm sick and fucking tired of the new generation of usians and their ideas about the world.
mircea_popescu: last week they came up with the "no pronz in bloigger" thing, which got everyone riled up so they decided they'll just implement it covertly instead of overtly
mircea_popescu: well, apparently for some reason i can't have pronz in google nao.
mircea_popescu: google has been on a shitmission the past 5 years or so, it becomes less and less useful.
mircea_popescu: where they did actually spend the 28k or w/e to shoot a chick being pounded in air
mircea_popescu: trinque there's this one bangbros if memory serves scene
mircea_popescu: Google's SafeSearch blocks web pages containing explicit sexual content from appearing in search results.
mircea_popescu: Moderate SafeSearch is on and clickable. if you click on it tho,. "Set your SafeSearch preferences in the blue box below." and the blue box says
mircea_popescu: ^ was going to say teh americans are taking their bitches
mircea_popescu: google is now serving "filtered" results and no way to turn the shit off anymore ?!
mircea_popescu: i would certainly not use my only fucking remining blinker to code omfg.
mircea_popescu: "oh, how glorious if i couldn't stand and i only had one weavery appendage i could move"
mircea_popescu: "you can enter text quite fast using gesture typing" basically you lot just aspire to be cripples.
mircea_popescu goes back to catching up oin the log for the 3rd time today
mircea_popescu: worst fucking idea ever. but it's so much like "progress", and "what the consumers should come to expect"
mircea_popescu: asciilifeform you know, people have been trained to believe in this "upgrade and everything's gonna be better" mantra.
mircea_popescu: a fine example of "teachning kids math = making kids unable to understand math"
mircea_popescu: true that this is the pedestrrian definition given in school
mircea_popescu: only if your definition of complexes is based on rational parameters.
mircea_popescu: cast down the heretic adlai, he means to leaven our numbers!