248200+ entries in 0.093s
mircea_popescu: it's only a monopoly by virtue of everyone else being retards
mircea_popescu: asciilifeform am i hiding all the good nsa agents somewhere too ?
mircea_popescu: "it is not possible we just simply suck. our excellent goodness is hidden somewhere. if we coud just unleash the real we..."
mircea_popescu: so "twice the money" except it's probably the same value,
mircea_popescu: apparently accountancy become a pretty good business in the us, past decade.
mircea_popescu: the point of money is exactly this : that it may not itself be measured. there's no "utility" of money. it exclusively exists to measure everything else.
mircea_popescu: repackaging of ther "oh, utility of mining, all that electrictiy burned for nothing" crapolade.
mircea_popescu: all it has to do is make sure it's the best money. which it did. once that's done, utility is not a concern. you will work the blockchain if you have to do it by hand in dank cellars chained to the wall,
mircea_popescu: bitcoin itself is money. that means BEYOND ANY UTILITY CONSIDERATION.
mircea_popescu: the utility OF EVERYTHING justifies itself in bitcoin terms.
mircea_popescu: at any rate, all this talk of "utility of bitcoin" can get fucked. it's a flimsy if doomed and in any case transparent attempt to frame the question in fiat terms.
mircea_popescu: but anyway : it's not "mostly engineers". it's 100% of all the business people actually involved with bitcoin.
mircea_popescu: five years ago romania was replete with kids who rewrote trilema articles about this and that to be like all cool and civilised and worldly and whatnot.
mircea_popescu: what i find comedic is the sort of schmuck that thinks he'll survive on intellectual dishonestly. here's the story : if i made it and you stole it, whatever you think about it and however you're representing it... it'll still work for me. not for you. that's the thing with culture.
mircea_popescu: "something i heard from all the people that all read trilema but i won't mention this"
mircea_popescu: o look at it, suddenly the arguments that didn't exist now exist ?
mircea_popescu: "It's largely engineers who think about it in terms of game theory. They think that if you have unlimited blocksize, then the cost of transactions will go to zero because there will always be a competitor that is willing to include transactions even if you're charging X. They believe this will cause a race to bottom and there won't be any incentive for miners to secure the network because they can't cover costs.
mircea_popescu: i dunno what's more alienating than the bizarre that obviously feeds this comic strip.
mircea_popescu: on my tenuous grasp of insanity, it'd seem that it's an entirely vacuous thing, which takes the shape you impose upon it. if you insist it's dangerous... it will probably grow some dangerous appendages. if you treat it as benign, it will basically be benign.
mircea_popescu: on one hand, it does exactly nothing to anyone, including the kids in question, that some weirdo jacks off.
mircea_popescu: fwiw, this particular sort of strange would definitely benefit from support more than OUTRAGE OMG!!1
mircea_popescu: mebbe he actually went because he wanted to jacvk off to 12yo jap gals.
mircea_popescu: english teacher ;likely thing for a foreigner there to do.
mircea_popescu: much in the way kids used to replace the "made by" strings in the old 8086 days with a hex editor.
mircea_popescu: in fact, as ridiculous as mormonism is, he is an exact copy. the cultural relationship between judaism and christianity is exactly the same as between christianity and mormonism : a barely literate lout ran off with a few pages and made his own, self-important "variant",
mircea_popescu: (so a bunch of idiot chicks are trying to write it, out of boring gender and race stories)
mircea_popescu: roughly about the same weight as what in europe constitutes "the humanities".
mircea_popescu: and yes, on top of that there's a web of commentary stretching out approx to the roman period.
mircea_popescu: davout well the split happened after some pretty heavy duty pruning.
mircea_popescu: "oh, people mock us for being essentially jew torrent artists ? FINE. WRITE A CONTINUATION."
mircea_popescu: "hey, suicide guy, you gonna kill youself ?" "yeah. life sucks." "wanna fuck first ?" "no, you freak!" "i guess ima have to wait for your body to wash ashore."
mircea_popescu: speaking of hats for nutjobs, always remember to wear your condom!
mircea_popescu: o wait. i thought you meant the pope's (abandoned) claim of sovereignity over teh sovereigns.
mircea_popescu: hey, technically a valid claim. all of europe exists as embezzled provinces of the roman empire.
mircea_popescu: also reaction catholicism, but more 600ish than 1800ish
mircea_popescu: the entire "every sperm is sacred" thing is more reaction-catholicism than anything.
mircea_popescu: by the way, if ne1 here has a fetlife account, i finally moved over, drop me a line.
mircea_popescu: asciilifeform i never saw an online comic before oglaf.
mircea_popescu: So please do not send me the following types of E-mail: "commission requests -- I just do not have the time for commissions"
mircea_popescu: coming from people who utterly refuse to admit they;d be better off in chains in someone;'s basement... well... what's to be expected.
mircea_popescu: davout daughter of the wider insanity "everything new is better" married with the patently nuts "better is what i imagine it to be".
mircea_popescu: it's a fact that beards grow after death. i wonder if women lubricate through a similar process.
mircea_popescu: beheading naked kings on the vaguest whiff of approaching even small ones -> best policy.
mircea_popescu: but economy is built on money and thus fungible. a bunch of small ones add up.
mircea_popescu: asciilifeform yes. "bitcoin will continue to function as before"