331200+ entries in 2.624s
mircea_popescu: you gotta double your dime with at least
a dime's worth of your intelligence.
mircea_popescu: but in principle, the problem with society is this : no 100% solution will ever exist. so, in general, we need to understand and accept that some kids will get raped, some people will get shot etc. trying to make
a system where these are impossible results in an unworkable system
midnightmagic: I'm pretty sure we have achieved
a matched set of priors. :)
mircea_popescu: why not just get
a spot on an industrial zone like sane people
midnightmagic: Reality is not governed immediately by rational thinking, neither society. Thus, consensus by mass hallucination is what society arises from; more's the pity when the masses have already accepted
a certain lesser reality as truth prior to it becoming enshrined in law.
Namjies: But similarly, if consensus is required, how could someone have rights over life and death of another individual, even if only
a child?
midnightmagic: That would be
a rationalist's point of view. Unfortunately most humans are not rationalists.
midnightmagic: When I say "reality" I mean, "What
a single human believes is reality." Not the objectively measurable thing itself.
midnightmagic: If you have 99 people in
a room repeating the same thing, the final will, 30% or so of the time, believe it too, even if their eyes tell them differently. Asche's conformity tests.
midnightmagic: Consensus is
a pretty powerful thing. Children are incapacitated people, until they either come into their responsibility, or prove they have it early.
mircea_popescu: if they can't legally have
a beer, then don't tell me they're people.
Namjies: And as such, if
a couple wants slaves, they can manufacture them.
Bugpowder: but someone could trigger liquidation with
a large order
Bugpowder: it would then adjust in
a smooth manner
Bugpowder: Well there are other variations, like
a margin level that is adjusted for all asset creators that reflects the mean of the margin requirements of the population of contracts at time each was struck. This current liquidation value could be displayed on the contract trading page.
Namjies: Yes, but if the government discharge
a kid from the public system and returns it to it's parents... Wouldn't we consider that parents chose to be responsible? If they can't beat the life out of it/put it in
a grinder, they have to do something with it.
mircea_popescu: but then we could just have
a single 3 month contract that resets
mircea_popescu: having
a kid is
a sovereign right above and beyond any convention, much like breathing.
mircea_popescu: Namjies as in, having
a kid can not be considered
a promise to anything nor an agreement to anything.
Namjies:
A contract with the state? What are you talking about?
mircea_popescu: Namjies no, we couldn't. having
a kid is NOT
a contract with the state.
Bugpowder: So
a price of over 0.097 for the MAR contract is not
a guaranteed loss for an asset buyer on the open market, since collateral reqs are at 0.28 right now. Will the buyer be able to know how many contracts are at the low and high level? I imagine that would factor in risk/reward and purchase price calculations
Namjies: Although we could consider that by having
a child, you accept this possibility and choose to provide or do something with your child.
mircea_popescu: an inability to make
a kid act exactly the way you want is in general clear proof you're an idiot.
Bugpowder: asset creator has
a max loss of the difference between the mean collatoral level and the price he sold it for
Namjies: Well parents can't decide for their children how to act and neither can
a kid do for his parent. Left out to the means of parents, kids who would be productive with proper education are left out. If we provide but exclude undeserving kids, but the parent are productive, they're left with
a kid to provide for, which would also keep them away from work.
Namjies: Yes. I'd approve with the deserving kid part. But there is an issue with that. If we exclude
a kid for not making any effort/causing trouble, what do you do?
Bugpowder: how will buyers know if they are getting
a contract with
a higher limit or not?
Namjies: And on my point of view, I would like to offer every kid
a chance at education regardless of the parent's means as well as health care. That would be purely based from personal priorities.
Namjies: It's also more complex. It conveniently allows to shift blame on
a million other thing.
Namjies: Well on that point, everything is easier to manage when it's small. For large country, where those in charge can have
a hard time even seeing the consequence of their actions... it messes things up.
mircea_popescu: this works great if we're
a village of 100 people and most of them love the one guy in charge
mircea_popescu: i mean, it works once
a semester or something. but it can not be the whole curricula.
mircea_popescu: we've taken things too far. much too far. sure, confidence is
a good thing, kids were opressed 50 years ago etc. but by now it's way overdone.
Namjies: Hmm. Again
a bit cliche example.
mircea_popescu: “I'm
a young and involved activist about to start my double major in environmental studies and politics, and I'm very, very angry about what is going on in this country. I blame this country's problems on the exploitations of corporations and
a blind worship of the "free market" and "self-regulating capitalism" (Tell me, how does that work again? Oh yeah, it doesn’t morons). Following the deregulation of the banki
mircea_popescu: Namjies im pretty sure if given the same revenue (80% gas accise + car tax + etc) the public sector would be doing
a much better job with roads
mircea_popescu: if taxes were
a reasonable 0.08% i guarantee you jessica simpson would be back to waitressing.
Namjies: Hmm, such
a thing would be impossible. We couldn't have
a standard procedure to determine the desrving ones if each member of the society wanted that they personally approve of said person.
mircea_popescu:
a fine example : i made
a contest on my blog, for peopel to write fiction. reward was 5btc minimum + up to 100
Namjies: Yes, but the 6 year old has no means to pay the costs of his education, even if he was
a potent individual and was willing to.
bonafide: and we get
a bunch of half ass dedicated people working, wanting handouts
Namjies: I can hardly see how I can expect
a 5 year old kid to pay his first year of primary school. The whole costs...
mircea_popescu: anyway. that aside health i can see as
a function of govt, in many cases. mostly trauma.
smickles: hey, did greece recently issue
a fuckload of bonds, then buy them all back at 30% par?
bonafide: me, living in the US... I see people using depression as
a scapegoat
mircea_popescu: and in general, kids must know they're worthless at
a much earlier age than the current system
bonafide: everything has
a social safety net
bonafide:
a friday rally of eur/jpy to 112 would be phenom
mircea_popescu: smickles : you should post this novel sorcery as
a comment in the futures post
smickles: so i should sell about
a third of
a contract at say 03400000 satoshi
smickles: they should sell at
a price which is
a little above the current diff
smickles: really? there's
a case to hear?
Namjies: Consider the fee
a donation. (
A decadent ~1/3 of
a cent. Don't spend it all in one go!)
gribble: The average time to generate
a block at 1.0 Mhps, given difficulty of 3370181.79928, is 458 years, 51 weeks, 5 days, 15 hours, 30 minutes, and 9 seconds
smickles: alright, i've come up with
a fair price for idiff.dec
mircea_popescu: but hey, with great risk comes great reward. you could in principle make ~70x your money in
a year-ish
mod6: I was uber busy today too, just got
a chance to finally look at these :)
mircea_popescu: Figures released Thursday from the Greece’s statistics office showed unemployment at
a record high of 24.8 percent in the third quarter of 2012
mircea_popescu: "Generally, pushing the security down to the hardware level in conjunction with software provides more protection than
a software-only solution. "
bonafide: EUR, USD, and JPY are printing money like its
a fad
bonafide: well that could be
a good thing
mircea_popescu: it's like
a stupid bitch that marries some rich dude, won't cook, he tells her she either gets with the programme or gets lost
bonafide: that and lazy people who want
a handout
mircea_popescu: All MKOPT orders are assesed
a 2% fee (SPLIT orders are free).
pigeons: you can have the secret, you need
a tpm computer to run it
plate: I thought patenting algos was
a no-no because then you devulge the secret sauce
pigeons: sounds perfect for
a btcjam loan
thestringpuller:
a simple media company. i am currently pitching s tvshow/game to adult swim
Bugpowder: and bitcoin market is small enough that maybe I can play around being
a MM and make
a little on the spread
Bugpowder: I want to win from
a fiat perspective, even when I'm losing
Bugpowder: Well MPEX is market making for all of their futures, but I am trying to bring the spread down
a bit for buyers of those
Bugpowder: plate I'm currently offering Gold, Nasdaq100 and Crude for sale on MPEX, but I haven't implemented
a true market maker position yet
Ukto: and has yet to add ours (emailed him
a month ago)
Bugpowder: Anybody have
a favorite place to scrape BTC and futures prices from for
a MM bot?
Bugpowder: If this keeps up, shareholders are either going to get
a 10% dividend this month or jack shit
dub: no longer giving the impression of
a passenger jet driving down teh road
dub: the mighty corolla once again has
a contiguous exhaust system
OgNasty: Perhaps
a pass-thru in the future maybe...