324400+ entries in 0.079s
mircea_popescu: to best understand this : a bank that reports its customers to any tax office they want to, if they want it to, and doesn't otherwise would be the embodiment of legal neutrality, in the absolute sense. nevertheless, the legal theory would be presented that it is in fact actgively engaged in criminal activity, and as shoddy as that legal teory may be, it will actually carry in most western courts.
mircea_popescu: so let's not confuse things. bitcoin can be as neutral as you want, for you. for hitler, stalin, pol pot and obama, bitcoin is ~quite~ politically engaged.
mircea_popescu: Luke-Jr bitcoin is politically neutral only in some sort of politically meaningless "absolute" sense. otherwise, inasmuch as western socialism holds the ideological view that all non socialist (politically neutral or otherwise) systems of thought are political enemies, bitcoin can only be politically-engaged from their perspective.
mircea_popescu: your friend would maybe be well served to get hooked up with in here.
mircea_popescu: "never interrupt your enemy while he's fucking himself with a pineaple."
mircea_popescu: decimation it's ok, these same people will need jobs ten years from now too.
mircea_popescu: so according to bloomberg, the fact that bitcoin etf already exists is to be ignored, because unless fucktarded white friends of theirs come to help us, we are just a bunch of niggers over here.
mircea_popescu: if a merchant feels they need to ask, they'll ask "are you paying cash ?" or "would you be using cash or a cc ?"
mircea_popescu: poor people (coupon hunter housewife types) and government employees.
mircea_popescu: bounce: since you already cannot live without some bank account and they all charge more or less the same there's no way out of that << i've never had a personal bank accouint actually.
mircea_popescu: except, i don't owe them 30 euros a month currently, so...
mircea_popescu: jurov: bounce find me one bank that slashed fees by 60% << well my bank keeps trying to sell me on this deal whereby if i pay them 30 euros a month fixedx they'll cut their per tx fees to 0 for x txn and to 50% for all the rest.
mircea_popescu: otherwise, something that's been worked at for years'd better be over 100mn or else wtf is going on
mircea_popescu: assbot: BitPay raising $30 million of capital, gives itself a $160 million valuation which is ridiculous | The Cryptocurrency Times << it's only ridiculous if you're some blogger with nary two meatballs to rub together in your stomach.
mircea_popescu: bounce: "did not happen"? << not in central and eastern eu, no.
mircea_popescu: as usual, any attempts to tighten the noose past a certain level do more to chaff the thing
mircea_popescu: asciilifeform: the clever fellows who presently escape surveillance by eschewing mobile phones, will be collared at last << nbot really. just have procurement contract with select shop, order stuff pay on month's end.
mircea_popescu: merge fanny and freddie with gs and jpm, suddenly you got something
mircea_popescu: asciilifeform> other thing, folks will answer 'i've an electromagnetically-shielded wallet! haha' - but see who laughs last. eventually, you won't even be able to walk into a shop unless the door can read your CC << this is a good thing, becayse i don't like this entire in person shopping thing anywayu
mircea_popescu: at this rate bitcoin may regulate the us govt out of existence.
mircea_popescu: what's more interesting, of course, is the total lack of registered us govt lobbists in bitcoin.
mircea_popescu: "On April 21, 2014 bitcoin got its first lobbyists, however a competitor hired them. DC lobbying firm, Peck Madigan Jones, registered not one, but five of their employees to lobby Congress on “bitcoin” and “virtual currencies.” The client they are registered for is MasterCard, a transaction competitor to bitcoin"
mircea_popescu: there wasn'ty going to be stone left upon stone sort of thing
mircea_popescu: i suppose this is an angle most of the "us will ban bitcoin" theoreticians fail to understand. bitcoin fucking saved the us, because the way things were going....
mircea_popescu: bounce fortunately bitcoin showed up and so we don't have to join forces with the arab terrorism to rid the world of that nonsense.
mircea_popescu: anyway, the budget version is, "just move to mongolia"
mircea_popescu: "and are looking TO SALE please contact us!!!" / "and are looking to sell please contact us!!!"
mircea_popescu: it should, but it could never afford to, so the entire thing is predicated on your not noticing.
mircea_popescu: BayAreaCoins_ it's acomment on the general human condition. the toothpick in your ear hurts you more than the tree up someone's arse hurts oyu.
mircea_popescu: <fluffypony> because it's something being put into something else << the royal society for putting things on top of other things
mircea_popescu: i was worth like > 1bn earlier this year, nao moar like a third that.
mircea_popescu: davout but think about it, customer can set their own desired calorie per serving
mircea_popescu: BayAreaCoins_ in earning most of our bitcoins we mostly focus mostly not losing the bitcoin we already have.
mircea_popescu: open a restauant which only serves foods which can be consumed at such a temperature that their overal caloric balance is nil