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mircea_popescu: so they dun want random internet scammers and other non-proper-meta bezzlominds getting any
mircea_popescu: decimation which is why all the legal barriers, it's basically free money for the taking
mircea_popescu: and the less you think about what exactly wl, rd etc are, the better, you can just keep derping between em
mircea_popescu: if you acronym it YOU NO LONGER HAVE TO THINK ABOUT IT
mircea_popescu: which, incidentally, suggests to me a simple, direct and therefore likely correct explanation of the previously mysterious tendency of english-speaking thinkers to create acronyms.
mircea_popescu: as tlp would say, "don't change the system, just shuffle among its offerings"
mircea_popescu: "Allan S. Roth is the founder of Wealth Logic, an hourly based financial planning and investment advisory firm that advises clients with portfolios ranging from $10,000 to over $50 million. "
mircea_popescu: decimation it's so amusingly pervasive this. so the cbc article you linked punching holes in the rich dad thing ?
mircea_popescu: they'll just end up exactly where they are now : five to the room, crowded in insalubrious conditions, spending their time voting on reddit
mircea_popescu: what about when groups of friends go camping and some douche never buys anything ? doesn't last long does it ?
mircea_popescu: decimation hyow the fuck are you going to achieve the respect of your peers if you're a loser lol.
mircea_popescu: in practical economic terms, the unfound amazon tribes are just keeping high import tariffs up.
mircea_popescu: the problem with tariffs is that they economically insulate their jurisdiction, and sooner or later you get left out.
mircea_popescu: if you define labour as per income, then it is by definition.
mircea_popescu: trade tariffs are singularly the most stupid taxation font in existence.
mircea_popescu: ben_vulpes yes, it's why/how ibm was originally reorganised.
mircea_popescu: all i ever heard about that thing was that it was a dreary shithole in the mud
mircea_popescu: decimation no i mean, how are you sure they got their money's worth ?
mircea_popescu: wow check it out, that bad ? this is like the publishing business.
mircea_popescu: " That relationship generated sales of $438 million, of which Rich Global got nearly $45 million in royalties"
mircea_popescu: apparently everything anyone's doing there anymore is some sort of attempt to create a miniworld or other.
mircea_popescu: wait, there's more to that than just a derpy book from a decade ago ?
mircea_popescu: "He studied at Harvard until the First World War broke out in 1914. At that point, aged 23, he returned to Canada and joined the Canadian army in Halifax and was assigned to the Cyclist Corps of the Second Division, Canadian Expeditionary Force."
mircea_popescu: punkman basically it meshes half sentences from the two huh.
mircea_popescu: "oh, setting our house on fire doesn't work ? I KNOW! let's set the house on fire WITH GASOLINE!"
mircea_popescu: adlai the only somewhat amusing / incredible if you're new thing about that entire stellar debacle is that... people still pretend like ripple's a thing.
mircea_popescu: this is like saying "honda civics forever everywhere" because "bmws are kinda cool"
mircea_popescu: you know babes are a vanishingly small sliver of "women"
mircea_popescu: <ben_vulpes> now it's inanities like the street tax to pave the ghetto. << srsly, paving the ghetto, for as long as it uses forced labour of the inhabitants and very rudimentary tools, and it's done in the middle of the summer, is a splendid idea.
mircea_popescu: the various defeated and meanwhile extinct tribes from the amazon valley to the pacific rim being the exact proof of this concept.
mircea_popescu: in the sense that humanity is either masculine or not worth the mention
mircea_popescu: <ben_vulpes> THERE CAN ONLY BE ONE INTERPRETATION << actually, the deeper reason is that masculinity is inextricably linked to the species,
mircea_popescu: Namworld can you be bothered to run a similar thing for me ? it's been half a year since i last tried them, moar lulz can't hurt.
mircea_popescu: neither of these being either obvious or desirable, and their conjunction being why the coin in question - stellar or whatever - is dead.
mircea_popescu: but the actual choice is between "destroying the long term viability of the coin through introducing precedent - certain to be followed - of converting it overnight into a centrally owned resource" and "destroying the long term viability of the coin through introducing precedent of arbitrarily lost funds"
mircea_popescu: obviously if given the incorrectly statement "choice is obvious". a whole new mode of rational failure the us invented, "begging "the obvious" choice", similar to "begging the question"
mircea_popescu: of course, they manage to not even correctly state the choice.
mircea_popescu: gernika lulzy. i wonder if we see the same nonsense emerge in btc.
mircea_popescu: notably, athletes at the turn of the century (their dream briefly came through in the 60s, now it seems fucked again), and military men althrough the 1800s.
mircea_popescu: <undata> several generations of Americans at least believe that this is precisely what success looks like: you buy and sell a few houses and your life is on autopilot from then on << in their defense, all generations since the industrial revolution chiefly believed that this is what success looks like : you do a few things and that's that.
mircea_popescu: generally the business experience on the topic being that paying for someone to do the tech part and for someone to do the business part comes to 1-35% more than the value of the refunded clicks.
mircea_popescu: ;;google how i trolled my imbecile roommate by custom tailoring the ads facebook showed him (nevermind what either having roommates or hanging out with imbeciles says about me).
mircea_popescu: and when he says very specific uses, what he means is stuff like
mircea_popescu: Namworld: uh... Facebook ads system numbers are dodgy <<< welcome to the club ? fb is a scam. this has been said here i dunno how many times, but by pretty much everyone ever involved.
mircea_popescu: gernika: and has "temporarily" recentralized << lawl, for "everyone's proteciton" ?
mircea_popescu: cazalla: back to ddosing websites by the looks of it << did it only last 5 minutes or do i liek magically not see it again
mircea_popescu: (in the civilised sense of that term, not the usian sense of it0
mircea_popescu: i thought it's the world's most popular fast food dish
mircea_popescu: (speaking of which, the doner in germany surpasses the doner in turkey i hear)
mircea_popescu: undata sure, except for the obnoxious "prevailin business practices" bit.
mircea_popescu: so it gave him an unassailable advantage for just long enough.