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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.
mircea_popescu: they're going to publish their reports in wrigley next.
mircea_popescu: for all the pretense that there's "investment" in this nonsense.
mircea_popescu: pete_dushenski: given that mp's short contract date is fast approaching, this seems quite relevant << kinda irrelevant, seeing how NOBODY.ACTUALLY.BOUGHT.
mircea_popescu: cazalla / bingoboingo : just in case you were wondering where the ftp server went, turns out cpanel decided to upgrade stuff on the 23rd, failed to get pureftpd upgraded correctly, decided it's no longer needed and nuked it.
mircea_popescu: * ebit (rose@111.36.195.202) has joined #bitcoin-assets << why nobody ups noobs nomore!
mircea_popescu: its main advantage tho, is that it reduces any need for friction.
mircea_popescu: was not. fucking complicated even without involving the cameras.
mircea_popescu: basically a flatish torus, looks like a cylinder from outside
mircea_popescu: asciilifeform amusingly, i actually had this design made, and tried on live girls.
mircea_popescu: well just like infarction without further specification is cardiac infarction...
mircea_popescu: decimation probably because no instructive website yet ?
mircea_popescu: unless turbosquid guy shows up in wot turbosquid dun exist.
mircea_popescu: that is a literal rather than metaphorical description.
mircea_popescu: Political collapse will be resisted, and the way it will be resisted is by starting as many wars as possible, to produce a vast backdrop of failure to serve as a rationale for all sorts of “emergency measures,” << i said this a number of times, but it bears repeating : if this happens every usg employee, past or present, hangs by his guts.