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mircea_popescu: this schmuck was given something to the tune of a few bn usd, and ten years later he had to have a very embarassing 100mn sent to him in the middle of the electoral campaign,
mircea_popescu: one of the best examples is a fellow known as varanul, ie dan voiculescu
☟︎ mircea_popescu: their investments fared about as well as neobee's, a few degrees of magnitude larger.
mircea_popescu: one of the edge cases of that moral hazard were idiot "business men" who thought they actually have a clue, but in fact were products of a fortunate environment like that.
mircea_popescu: this resulted in all the moral hazard you might expect, but also into the most fiscally stable country in europe, and with stores of physical gold per capita well above everyone else
mircea_popescu: exactly the way i handle btc, incidentally. just don't sound like the lumpens and you'll be okay.
mircea_popescu: if you had any sort of a clue and could talk the talk of business, you just got money.
mircea_popescu: to translate this, some history : romania was a communist country. to get it on a capitalist system, anyone not fucktarded enough was simply given money, from the state.
mircea_popescu: fluffypony the romanian expression is "suntem pe investitii"
mircea_popescu: HeySteve it applies to the problem of putting a cost on the user.
mircea_popescu: affiliate advertising is going to be major in this space, and currently it's way the fuck nowhere.
mircea_popescu: someone with 10 years as an aff manager has to make fucking bitcoin clickbank
mircea_popescu: that's actually one major thing to do. yo fluffypony what did you do for a living ? or cazalla ?
mircea_popescu: nevertheless, these are not tasks of the same nature as mowing the lawn.
mircea_popescu: i can respect your desire to build a better process for refining hahnium, or for resolving doppler aberrations in telescopy.
mircea_popescu: HeySteve understand tho : this is not quite unlike solid state physics, or radioastronomy.
mircea_popescu: and so through adding a cost you're actually skewing it towards scammers.
mircea_popescu: because the cost is not a discouragement to the sybil, if it has a way to turn a profit
mircea_popescu: HeySteve this counterintuitively makes your system weaker.
mircea_popescu: and now you also understand why western aid ruins africa.
mircea_popescu: and so through incentivising good behaviour i managed to... break the wot.
mircea_popescu: because... well... what the fuck, everyone's doing good deeds whether they're good men or not.
mircea_popescu: but it will also make it impossible for women to pick mates.
mircea_popescu: now, this obviously will make everyone do nothing but good deeds (presuming rational actors),
mircea_popescu: so i say to these people : each day you only do good deeds, you will receive your average yearly income. but for every bad deed you do, you get fined x% of that.
mircea_popescu: i own more money than the entire village is worth, a million times over.
mircea_popescu: let me make this point clearer through an example. suppose i go to a village in somalia. this village has 100 people and they're all normal people, they do good and bad things by w/e definition of good and bad.
mircea_popescu: because the wot is the measure of how people respond to incentives, it makes no sense to change its neutrality to add incentives for particular responses.
mircea_popescu: seeing how he's all old and frail and will eventually go.
mircea_popescu: i know nanotube was working on a wot 2.0 that'd be distributed and not depend on him
mircea_popescu: HeySteve so like a sort of a db backup maintained distributedly ?
mircea_popescu: fluffypony and in the case of btcjam, because they know they're running a scam platform. it'd make no sense to take any steps that make this more obvious than it actually is.
mircea_popescu: HeySteve i don't follow ? the wot is integrated with any cryptocurrency as it is. i can and have rated people for say... atc deals.
mircea_popescu: dexX7: bci allows to push signed transactions but no signing << there's a reason for this. you shoulodn't be providing privkeys.
mircea_popescu: HeySteve: I was a seller there, it's unfortunate there's no way to migrate feedback from shuttered markets... << which is why wot.
mircea_popescu: "Bringing Cryptocurrency To Women Worldwide, CryptoMoms.com Launches" ahaha how fucktarded can you get.
mircea_popescu: not i, not this year. i took some gents with whom i work up to the mountain for 4 days of drinking and talking about what the ever loving fuck we want to do for the next 3-7 years. << so you had brosex.
mircea_popescu: and simply replaced with a handwritten list, either our friends or everyone else.
mircea_popescu: Naphex but see, that's the snag : they used to do it as a per-domain page rank thing.
mircea_popescu: basically it has a shortlist of websites that it gives preferential treatment to.
mircea_popescu: google is racist : it will push profiles in twitter BUT NOT facebook. it will push wikipedia articles.
mircea_popescu: ;;later tell bitcoinpete you're #10 on a google search for "bitcoin pete". while your twitter acct is #1.
mircea_popescu: (and even if it isn't, i'm pretty sure that's their rationale)
mircea_popescu: so basically, if they actually allowed the uplink they'd have to have a filtering datacenter.
mircea_popescu: just imagine you have something like 10mn customers doing 1gbit uplink each
mircea_popescu: romania could, on the basis of end user installed gateways, nuke the rest of hte planet off the internet
mircea_popescu: because rather than buy the cutter they just don't cut it.
mircea_popescu: see, for instance, the whole town is full of fiber spools hanging from poles
mircea_popescu: actually upc arguably started as astral, which you know... got started by the father of a chick i was doing back in hs
mircea_popescu: fluffypony yeah. ppl are liek... "how come romania?!?!" and i'm like... dude, how long you got ?
mircea_popescu: AND they will layer it for you. you can get 1tbps both ways in this country, and it won't break your bank.
mircea_popescu: you can get it symmetric, but it's not really useful or needed for most end users.
mircea_popescu: a btw, to bother everyone : local isp just unveiled its easter surprise w/e.
mircea_popescu: some peeps' first encounter of the proper european lunch, where you spend a few good hours with your food.
mircea_popescu: fluffypony as far as romanians are concerned, the 90s were spent going "da-i romaneasca ?" ie, does it suck ?
mircea_popescu: Naphex i actually like them both. which i guess is somewhat rare.
mircea_popescu: because w/e, romanians were liek teh first on the internet.