242900+ entries in 0.068s
mircea_popescu: lobbes anyway, stop running vps' get a damned server. it's not THAT much.
mircea_popescu: so, logically speaking, if the cia were anything like a secret service, we'd know who exactly is^H^H was the lizzard hitler by grepping sudden deaths for warfarin.
mircea_popescu: and for that matter, beria actually picked up women off the street, raped them for a while and then dropped them off.
mircea_popescu: they have nothing. this is proof positive that the cia is as worthless as the vassar feminist book club.
mircea_popescu: if you don't have a pointed stick driving it, it's not real.
mircea_popescu: that's the thing all the castrato "experts" with "degrees" fail to grasp. it doesn't matter what "reality" is, may be thought to be, could be inferred etc.
mircea_popescu: ascii_field it doesn't count unless it's on the pointed end of a stick.
mircea_popescu: and also included "your job is to sell me on how much leverage you put at my disposal to make that revenue, nothing else."
mircea_popescu: ascii_field ancient article on trilema, back in romanian decade, "half of the revenue or gtfo".
mircea_popescu: pretty much erryone but you, alf. models promoting consumer items. athletes. lawyers. financial anythings. business consultants. you name it
mircea_popescu: but generally, liberal professions / highly skilled professionals. which pointedly does not include coding monkeys, as per us law.
mircea_popescu: they're great at wearing coats and hiding in hallways.
mircea_popescu: ascii_field the derp party is slowly learning that they can not purge things.
mircea_popescu: the current foundation is an embarassing shell, nothing but obligaitons for them so they're trying to shed it.
mircea_popescu: but otherwise, the bit of history they're trying to purge is that vessennes was the head and treasurer of the thing, in total outrageous breach of common practice, and he got all the early bitcoin donated to it in his own name and used it for his own purposes.
mircea_popescu: you don't pay free men what you want to pay them. you pay half of what you make or you die at their hands.
mircea_popescu: e money has to go somewhere, and it’s not going to go to the providers of capital because the providers of capital to professional services companies have no negotiating leverage."
mircea_popescu: "If you think bankers make too much money, focusing on how much they are paid will get you nowhere. If they are not paid 50% of firm revenue, they will go to another bank that will pay them that much. If no bank will pay them that much, they will go start a new bank. If that sort of compensation is outlawed at any bank present or future, they will start a bank where they are the equity owners and get paid that much. Th
mircea_popescu: "When reading, keep in mind that I have so many conflicts of interest that I have conflicts in places where other people don’t even have interests."
mircea_popescu: oh gawd, the 80s, time of bad hair, bad clothes and people who thought stapler discounters are a hot vc idea.
mircea_popescu: "One of the hottest venture capital investment ideas–bankrolling office-supply discount chains–is starting to sour. In the past two years, investors poured nearly $200 million into at least 16 office-supply “supermarket” chains. But today, the flood of entrants threatens a market-share war, and the result may be hard times."
mircea_popescu: a theoretical knowledge osama experimentally verified.
mircea_popescu: dude, i have nfi, im following here. you make a statement, i wanna see how you got to it
mircea_popescu: you're better off with equity than with cash, provided you can distinguish good from bad
mircea_popescu: it's fundamentally what makes people chase college degrees instead of being plumbers ; and the impulse that makes people quit their job and take up gambling after a neighbour strikes the powerball.,
mircea_popescu: hence my comment about "redoing mpex". the proposition that any two things are the same thing has serious problems in the marketplace.
mircea_popescu: you do, yes. " except for the part where they have to close deals. make friends with checkbooks, convince checkbooks of non-retardation, etc"
mircea_popescu: that reason having a lot to do with the equity of your position, which you don't account for.
mircea_popescu: " They also remember the high-tech crash of 1984, and the screams of pain up and down Wall Street." << heh it nearly killed gaming altogether, and is responsible for killing consoles. (yes they still exist, but gaming is essentially a pc item)
☟︎ mircea_popescu: this means that if i hadn't the equity, it wouldn't be "the same thing".
mircea_popescu: this should readily resolve the apparent dilemma : if i do in fact have equity in your firm, it means i did something useful.
mircea_popescu: that equity is not the ownership of the boat, but an effect thereof.
mircea_popescu: i have an equity interest in your fish. because it was my boat.
mircea_popescu: equity is the accounting term for the philosophical notion of fairness.
mircea_popescu: ben_vulpes these can be fine if you can actually explain them. so, how is it true ?
mircea_popescu: and yes that's what i'd do as fed chairman : interest hike to 35%.
mircea_popescu: and yes it did work. and no, the bezzle wasn't as bad then as it is now.
mircea_popescu: unrelatedly : the article does the valuable service of reminind people of volcker's potion. yes, interest rates WERE 20% in 81.
mircea_popescu: ben_vulpes essentially, i don't think you're proceeding on actually defined (or even considered) symbols.
mircea_popescu: if THAT is what is meant by "equity" the speaker is a retard.
mircea_popescu: it seems a rehash of "i could code mpex in an afternoon. you kidding, it has no css even"
mircea_popescu: for the record, being chinese doesn't make them special. they get as much access as obama gets.