271500+ entries in 2.025s
mircea_popescu: so you know... ATC/ALT getting more hash than doge serves
a good purpose in the end.
benkay: well sv bank can hardly be thought of as
a high finance operation
mircea_popescu: they are attacking bitcoin. perhaps in the manner an ant attacks
a rhino, but nevertheless. as far as the ant is concerned, in its own system of representations, that's what's going on.
☟︎ mircea_popescu: "There are more transactions of the cryptocurrency than Bitcoin, although it is only worth
a tiny fraction of Bitcoin."
````: doesn't copying content from trilema need consent written by
a sharpie which is then put into the ass?
mircea_popescu: benkay seriously tho, im pretty sure it was in
a mpoe report. prolly died summer 2013 ?
mircea_popescu: (dude this is so cool, i'ma do
a series of i don't remember / i don't recall and be just like
a real banker nao!)
mircea_popescu: jesus yeah, there was
a distinct set that died horribly. ie, with the mm taking it up the ass.
benkay`: i'm really just being
a pedant here
benkay`: what, you tryna tell me an option to buy hashes is
a future diff?
nubbins`: TheTrueHOOHA is actually
a better name than DPR
benkay`: "We won't be issuing another series for
a while, nor will we be making further attempts to support seemingly "worthy" or "credible" "financiers" for
a while, mostly because we're running out of quotes."
ThickAsThieves: that outlier would have to have some way to get trust and establish
a blockchain
mircea_popescu: in general,
a small outlier could take over the entire world economy by doing something smart like this.
Duffer1: sure they could do
a respectable coin
mircea_popescu: now, imagine
a different situation, in which 18.9 mn bitcoins have been hoarded.
mircea_popescu: in the sense jumping out of
a plane and having
a piano fall on you yield the same result.
mircea_popescu: you'd have the same difficulties if you landed in zimbabwe with
a trunk full of dollars :
mircea_popescu: but this is an interfacing problem, not
a deflation problem
ThickAsThieves: [18:11] <mircea_popescu> no argument. which is why it's
a problem.
ThickAsThieves: [18:11] <mircea_popescu> this is
a major problem for bitcoin atm.
nubbins`: nah, this is
a guy who i've traded casascius coins with before
twizt: sounds like
a martingale to me
nubbins`: i rate +3 the users i'm most likely to enjoy drinking
a beer with"
mircea_popescu: "if all idiots vote in the wot like it is
a nationalistic election, you will get
a wot that works like your fucking country"
nubbins`: consider that an ounce of weed should cost the same as
a dozen hothouse tomatoes
nubbins`: i think this went off the rails when tat stated that bitcoin is
a web of trust
nubbins`: fun fact, the Salty Spitoon is
a restaurant in the Spongebob Squarepants cartoon
mircea_popescu: then one day mp wants to pay
a girl in boondock, nj to wash his car with her tits
mircea_popescu: the problem we have now is with the nationalist state of napoleon (and the us which is really just
a pale copy) having successfully attacked this natural wot
mircea_popescu: nah,
a model where 90% of the population trusts 10% in chunks of ~10 individuals, and then in turn and hten in turn
mircea_popescu: well it'd better not be enough of
a whore to do anything any user tells it.
mircea_popescu: what should your server do with requests it doesn't comprehend ?
a. drop them b. anything else.
ThickAsThieves: like if i rant on all this to my mom, she'll think i'm
a conspiracy theorist
mircea_popescu: "The problem inflationary currency bestows upon capital allocators is insolvable. They are given money of no certain value (pretty much the only sure thing about the paper currency is that it is, literally, burning in your hands, it ticks away like
a bomb, it blows in the wind like dust - all this while you’re holding it) and have to do something with it. They always, always, always, absolutely always have more than
mircea_popescu: that implies that the exchange value of
a negotiable instrument is only known after the negotiation completes.
mircea_popescu: and if you could, i could write
a bot to exploit your currency and make me rich
mircea_popescu: the us dollar is
a negotiable credit instrument, like any paper. it does not have this "fixed" value you wish toassign it.
ThickAsThieves: i want to be be able to form
a sentence like "If we print the same amount of money in 2014 as 2013, your $1 with be worth .82"
ThickAsThieves: sure, but how do i sort out what
a dollar is worth, ignoring outside inflations
KRS-: give people
a choice and it is teh fucks up everything
mircea_popescu: with ppl as they are, even picking
a fucking place to eat takes tw odays.
mircea_popescu: that's why family is best organised as slaves in
a harem
KRS-: Either way its
a bad situation.
ThickAsThieves:
a ha "There was approximately $1.23 trillion in circulation as of January 29, 2014, of which $1.18 trillion was in Federal Reserve notes."
KRS-: other SMB's have been great, long time clients, low workload, worked 2-4 days
a week on average and made great money..thinking about going that route again, i just hate selling myself..maybe i can get
a marketing company to do that.
KRS-: the best was
a nonprofit i consulted for..the 68 yo CFO was telling me how to do my job..needless to say i didnt service them past the initial 2-3 visits.
KRS-: "oh i can click shit and run the wizard" "I is
a computer expert"
KRS-: i think i'm going to change careers..i want to become
a rapper.
ThickAsThieves: is there
a counter like the National Debt Clock for dollar dilution?
ThickerThanThiev: During Fiscal Year 2013, the Bureau of Engraving and Printing delivered approximately 26 million notes
a day with
a face value of approximately $1.3 billion. About 90 percent of the notes are used to replace notes already in, or taken out of circulation.
jurov: kakobrekla, no trains either? here we have
a little ice, but no such problems
mircea_popescu: sucks to drive for
a few hours but what if you're stuck there for 2 weeks
water4ll: makes
a change to normal dailly routine
water4ll: then you can relax and read
a book or something
kakobrekla: anyway, im on my last ups now and its running low, so i might be offline for
a day or three
mircea_popescu: i've only come here recently. i was in cr/central america for
a few years.
mircea_popescu: you can't have that unless you post
a pic with
a bunch of junk metal all over your head.
pankkake: pylons is
a web framework, sort of
water4ll: I tried to write
a blog once, after 5 minutes I found myself opening some new tabs