314900+ entries in 0.081s
mircea_popescu: if this were true coke market in the us would be like meth market
mircea_popescu: so your gedanken experiment could well be carried out in a world where coke is the currency and sugar is illegal.
mircea_popescu: coke is an agro product. and for that matter, quite similar to sugar
mircea_popescu: fun fact : psychiatrists with child practices occasionally get to see cases of prepubescent kids that anally masturbate with their shit and end up with serious constipation issues
mircea_popescu: <mike_c> Mats_cd03: hopefully you weighed yourself before and after and didn't pile your shit on some poor scale. << freezer bags ftw
mircea_popescu: they'd have like beer parties dedicated to discussing just how fucking just not done such deeds are.
mircea_popescu: TheNewDeal i had something similar in romanian a few years ago
mircea_popescu: they don't usually do anything useful, but it's never for lack of pretending like they tried.
mircea_popescu: mike_c in general i find us kids can be more or less trusted to go through the motions / respect the formal parts of the spec
mircea_popescu: mike_c buy some kids a beer. what effect do you expect ?
mircea_popescu: asciilifeform you don't count post script, because you're dealing with random college kids.
mircea_popescu: BingoBoingo i vaguely remember chicago something or the other.
mircea_popescu: so i took fluffypony's advice and hired a coupla dozen fiverr kids. since pretty much the only thing they seem to be able to do that's useful is put up/distribute flyers on their campus, im having a coupla dozen do that
mircea_popescu: jurov: it should do bait << it should do mp approved bait.
mircea_popescu: i can't wait until people start reading the logs before they think they're being all newsworthy and shit
mircea_popescu: i recall back in 2012 when i was beating the bushes for sane iranian peoples lol
mircea_popescu: aite then. dealing with iran isn't such a bad thing anyway
mircea_popescu: too strong statements put you in the unenviable position that a ready counterexample can be constructed that speaks to what you say, and then your entire argument looks weak, where it needn't.
mircea_popescu: take pussy for instance. pussy is constructed with the average user in mind. it's not shit, that's a different hole.
mircea_popescu: Right off the bat, we see that Litecoin is pitched at the “average user.” This, of course, is a huge red flag that Litecoin is doomed to failure. Anything aimed at the lowest common denominator must necessarily be shit. <<< like what, like air ?
mircea_popescu: if you say "By this logic, it is better to buy half of a pair of boots than a whole car" you are.
mircea_popescu: if you say "<<At around US$30/LTC, it’s more affordable to outright purchase too. >> This author, like many a CoinDesker, is of the mistaken belief that buying a whole shitty thing just because you can afford it is better than buying a part of something far superior. Today, you can buy a million satoshis for $6 or you can buy most of the Dogecoin for sale on the market. Incredibly, some people will actually go for the la
mircea_popescu: ;;later tell bitcoinpete you know, your litecoin article'd benefit from a lot more reductio ad absurdum and other directly-obvious proofs to displace most of the appeals to authority.
mircea_popescu: they seem to not wish to submit, so they will have to be killed, pretty much.
mircea_popescu: this is also why stomping out us influence in bitcoin is quite so critical for its survival at this juncture.
mircea_popescu: guy knew EXACTLY what was going to be going on, back in... 2009.
mircea_popescu: ore disastrous, as with the most recent one. Each attack is hugely successful, and after the cataclysm that the attack causes the attackers are hailed as saviors of the poor, the oppressed, and the nation generally, and the blame for the the bad consequences is dumped elsewhere, usually on Jews, greedy bankers, speculators, etc, because such attacks ar
mircea_popescu: The big and easy government attacks on money target a single central money issuer, as with the first of the modern political attacks, the French Assignat of 1792, but in the late nineteenth century political attacks on financial networks began, as for example the Federal reserve act of 1913, the goal always being to wind up the network into a single too big to fail entity, and they have been getting progressively bigger,
mircea_popescu: seductive, and S. 190 goes down in flames before a horde of political activists chanting that easy money is sound, and opposing it is racist, nazi, ignorant, and generally hateful, the recent S. 190 debate on limiting portfolios (bond issue supporting dud mortgages) by government sponsored enterprises being a perfect reprise of the debates on limiting the issue of new assignats in the 1790s.
mircea_popescu: Then knowledgeable people complain that the evil financial network is heading for disaster, that the government sponsored enterprises are about to cause a “collapse of the total financial system”, as Wallison and Alan Greenspan complained in 2005, the government debates shrinking the evil government sponsored enterprises, as with “S. 190 [109th]: Federal Housing Enterprise Regulatory Reform Act of 2005″ but they
mircea_popescu: Government sponsored enterprises enter the business, in due course bad behavior is made mandatory, and the evil financial network is bigger than the honest financial network, with the result that even though everyone knows what is happening, people continue to use the paper issued by the evil financial network, because of network effects - the big, main issuers, are the issuers you use if you want to do business.
mircea_popescu: but re the paper conundrum, take this ancient quote : trilema.com/digging-through-archives-yields-gold
mircea_popescu: yeah, it's been through the years the most popular scam. "deposit lump sum, we'll pay you a few %s of it a few times. annuity ftw!"
mircea_popescu: early bank paper (banknotes) stoood to gold in a very similar relation. "deposit your gold, we'll pay 5976597985%. in gold. or maybe paper"
mircea_popescu: but even on a market of garr and nasty fucktards, it's slowly emerging
mircea_popescu: the only reason this isn't the rule now is the relative small size of the deals, which makes cluelessness seaworthy
mircea_popescu: it's cheaper to pay a few % and pretend like you've paid than to not pay at all.
mircea_popescu: all the "everyone made ROI hand over fist with a 60% btc loss" crowd will be well served.
mircea_popescu: (stuff like "deposit your bitcoin with for 50% per annum!!1" small print "repayable in either bitcoin or fiat at our option")
mircea_popescu: increasingly more respectable firms will be offering btc denominated savings accounts with a fiat clause as the cheapest most accessible way to get in the game
mircea_popescu: on the short term, 2015-2016, it'll be AMAZING what sort of interest people will be able to earn if they don't actually want their bitcoin capital back
mircea_popescu: <jurov> if i scale down the craziness, maybe tongue implant would actually work.. to pay or gpg sign something, one has to lick the electrodes << im not fucking licking anything