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mircea_popescu: anyway, so what's the takehome here, banks are now warm enough that the investors are mostly a liability or what ?
mircea_popescu: the20year the unexplained part is how people that weren't buying at 30ish one week bought at 75ish the next, and then sold back down to 40ish the week after that.
mircea_popescu: that double price week of ipo thing you had going is definitely problematic, as far as these things go. but anyway, im too lazy to dig up the actual threads.
mircea_popescu: the20year the logic would be that they want to protect the people who aren't investors yet not the ones that already bit it.
mircea_popescu: isn't lambchop like the last remaining voice of sanity there ?
mircea_popescu: everyone's stuck selling to the government, let's just hope government can keep paying everyone for their golden toilets. forever.
mircea_popescu: so if you add it all up, 15*24 + 50 = 410. which whatever, one could round a bit, but not all the way to 300 * 24 + 1000 = 8200 for chrissakes. so basically, this guy just priced himself way, way, way the fuck out of the market, and then they wonder why nonsense like uber is successful. well... it's successful because trying to add 2000% padding on your cost structure will never fly and can never fly.
mircea_popescu: this is going to be the fucking end of the us, i swear. talk to guy running a private eye business for a project, he wants 1k upfront and 300 an hour for three investigators in two cars. meanwile, car rentals are still 30 to 50 a day (and you should get a fucking rebate if yu're in the business) and grunts are still happy to make 15 an hour - really, lots of phd kids can't even get the 15 and work at starbucks for 11.2
mircea_popescu: you must be doing something wrong but short of having someone physically there to try it out i dunno how to find it
mircea_popescu: fucking posers these people, to the degree they've entirely forgotten they're posers.
mircea_popescu: lol what the fuck, the economist is supposed to work like b-a now ?
mircea_popescu: throughout industry, maybe if they gave us more information, a reader would offer to hire her.
mircea_popescu: How much do you want to bet that her two degrees aren’t in Materials Science and Genetic Engineering? By not telling us what she studied, the article inoculates itself (and her) against the completely understandable response of “Maybe she should have studied something marketable.” Tell me, after reading the article, do you know what job was Ms. Ulldemolins looking for? The Economist is read by influential people
mircea_popescu: Let’s get to the facts. The only fact present in that introduction is that her two degrees are worthless. I mean that quite literally, the market has chosen to place no value on someone with those two degrees. And how do I know this? Because the article doesn’t tell us what degrees she has.
mircea_popescu: so if behaviour a is common in A and b in B, and a conveys 90% less germs than b, then germs are 90% less of a problem in B than A.
mircea_popescu: there's this point in anthropology proposing that behaviours emergent in groups are reflective of the survival fit those same behaviours entail.
mircea_popescu: sounds like a literate vor explaining the bаша собственная тюрьма point.
mircea_popescu: im not exactly known for trying to meet people half way.
mircea_popescu: this is bitcoin-assets, the nerve center of bitcoin, the core of the internet.
mircea_popescu: ah great bitcoin-assets, thy enigmatic walls so mighty, thy crenelated porticuli so hidden in plain sight behind a flash of blinding light. how well do you protect thy fruit, how pleasant warmth to be within thy belly, what delight.
mircea_popescu: mike_c this because you don't read trilema, it's discussed (in passing) :P
mircea_popescu: kakobrekla because when you stop bothering you become part of the meta-usg.
mircea_popescu: you see, the % they seek merely guides as to how much they'd have to make to break into relevancy.
mircea_popescu: now they must clearl hold less than 1%, so 12% a day is needed.
mircea_popescu: back when they held a third to half the bitcoin in circulatiuon, 7% a week was good enough.
mircea_popescu: mike_c im kind of curious myself, not like it's forbidden or anything
mircea_popescu: jurov no, the twinks get killed the morning after, because they're coping with their post partum depression in their infantile way which brings up narcissistic rage in the ex-gay man now devout catholic again.
mircea_popescu: careful, next you'll be in the position of the married, devout catholic going to gay bars.
mircea_popescu: essentially, turning the economy into "an economy of attention" was a fatal (if forced) mistake. without attention as a side channel organised work becomes impossible.
mircea_popescu: i mean, the expenditure of keeping clear channels empty... good god. how do you distinguish between someone screaming rape ironically and someone being raped ? and how do you keep a bunch of assholes from flooding THAT channel with spam ?
mircea_popescu: just illustrating exactly how weak any attempt at law enforcement is.
mircea_popescu: rithm wait, so basically some other dudes'd come to hold you for ransom ?
mircea_popescu: could get all sorts of good taglines too. "making rape more family friendly"
mircea_popescu: mike_c: the forum is.. toxic. << i thought you wanted to be there.
mircea_popescu: the20year: fell through, every thing that could have gone wrong to work with them fell through and i essentially took it as a sign not to do the deal << sensible.
mircea_popescu: mike_c: fluffypony: he's popped in a couple times looking for you. i think he's going to drop in this morning too << later tell, neh ?
mircea_popescu: mike_c i thought it was a parody of that chick, yeah, on springer.
mircea_popescu: kuzetsa it was "whatever, it's my hot body and i do what i want"
mircea_popescu: asciilifeform well now we can't give away too much business sikrits can we.
mircea_popescu: ThickAsThieves i doubt it very much. tho people do aspire.
mircea_popescu: from a moral standpoint, too : i don't really see why i should fix a monthly wage. let them get half-ish of their work's worth.
mircea_popescu: i keep slaves and partners. this employee thing is rather iffy.
mircea_popescu: gotta show a profit, which means someone somewhere's gotta show a loss.
mircea_popescu: let the government give out food stamps, i dont give a shit.
mircea_popescu: so wait, you want me to be stupider than princeton ? well tough, im not.