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mircea_popescu: i did it myself, and quite publicly at that. remember the patrick harnett case ?
mircea_popescu: there's a very good fundamental reason to extend credit you know will never be repaid.
mircea_popescu: the difference between these two is, obviously... your painting.
mircea_popescu: while your ability to pay is finite, you being finite, your ability to underwrite credit is not finite.
mircea_popescu: so : the bezzle fundamentally is born out of and exists for the following reason :
mircea_popescu: you remember my story with the jewish money lender taking a painting and other payment in kind for debt ?
mircea_popescu: much in the manner hearn is using his "i was at google" thing.
mircea_popescu: they can then use those on the stripper and prostitution circuits as extras "cause we're pornstars"
mircea_popescu: for the same reason most girls with great fuck videos PAY to participate.
mircea_popescu: soon it's going to cost you money to be "working for google"
mircea_popescu: the same shall soon apply to tech, we're witnessing a "professorisation" and "tenurisation" of tech.
mircea_popescu: sure. to take things from yet another angle : you're familiar with greenspun's analysis of why women don't go into science.
mircea_popescu: it's getting there, and soon sv will be in fact chinese dormitory style.
mircea_popescu: so anyway : only recently has tech become respectable, and as such it couldn't historically afford the huge bezzle-usd load of owning real estate outright.
mircea_popescu: what else in this world is there for her to salivate for ?
mircea_popescu: asciilifeform why ? the 16 yo should salivate after the cock.
mircea_popescu: buffett still does not invest in them because, politely, "he doesn't understand them", but factually "not in his wot"
mircea_popescu: yoiu have to consider the history : only very recently have tech companies become "Respectable"
mircea_popescu: efficiency is a COO not a CFO job. in other words, you don't reduce it financially
mircea_popescu: it does however stress the distribution of turkeys, if nothing else then because new price tags keep having to be printed.
mircea_popescu: increasing the engineer's pay does not increase the number of turkeys.
mircea_popescu: asciilifeform ok. considering the what/how debate as accepted foundation : at any time there's a number of turkeys and a number of engineers.
☟︎☟︎ mircea_popescu: if by that year you're not fucking thankful you started, you may negrate me in all fairness.
mircea_popescu: punkman srsly, make a blog, write up one of these a day, each day, for a year.
mircea_popescu: i'm just here waiting for people to type, not busy in any sense not able to go anywhere, life of dreamz.
mircea_popescu: punkman incidentally, why not make yourself a career out of this ?
mircea_popescu: still... i wouldn't trust the guy just on the grounds he exists.
mircea_popescu: hard to call, really, because the minerals exploration business (as discussed previously here) is kinda builty to work like this and there do exist occasional legitimate corps that get the brush treatment anyway
mircea_popescu: QUOTE: "This is why the term "fictitious profits", definitely applies.
mircea_popescu: "The CEO of GreenBank has over 40 years experience investing in small caps"
mircea_popescu: ;;later tell moiety localbitcoins had some technology-enthusiastic policemen pull some "sting operations", which were kinda lulzy in their braindead stupidity but probably spelled out actual financial and emotional pain for the unfortunate parties to get involved in the bureaucracy's quest to justify its continued existence. i imagine it's gone as a result.
mircea_popescu: punkman are you like on a special list or something ? where do you find all this stuff ?
mircea_popescu: jurov lol seriously, random guy out of nowhere "has made teh policez" ? how very meek of him :D
mircea_popescu: chetty the irony here is that whether he is actually physically distinct from the next derp or not makes little difference. stupidity is quite fungible.
mircea_popescu: when forumanon says of mp what obama&co say of putin, we know we're living in the best of possible worlds.
mircea_popescu: but the leaders of the sheeple bleating this nonsense on the forum said the same thing about the man that spanked them.
mircea_popescu: truffles it's good you have the internet, because you can thus acquire even more parts you don't understand to build even larger the pile of dysfunctional junk that is your brain.
mircea_popescu: anyway, brb cause im writing an article then we can beat it more.
mircea_popescu: just like the deceitful whore doesn't lend herself to marriage,
mircea_popescu: bounce one aspect of it's pesky tendency not to lend itself to the scientific method well
mircea_popescu: it's usually given as a textbook example of anti-intelectualism in the us.
mircea_popescu: i have some popcorn prepared for the opinions in the first wrongful death suit connected to private marsd exploration
mircea_popescu: management doesn't yeild as well to the scientific method, sadly, and spitefully.
mircea_popescu: competent managers are always in short supply. engineers used to be, but 500 years of systematic how-to-twerk videos have managed to squeeze an astonishing amount of butt out of the ass.
mircea_popescu: i personally think a grown man should possess a working knowledge of both fields, at least enough to make him conversant in either.
mircea_popescu: in a sense, if one finds himself bored in the laser lab and looking at the stars, one should switch from solid state to large body physics
mircea_popescu: <decimation> right, I get your point, but in the context of today the problem is that bezzle-finance has made the job of resource allocation niegh impossible << yes, tis true, but also somewhat unrelated to the issue of engineer pay.
mircea_popescu: you rule compared to roman engineers 2 millenia ago, and suck compared to derpistan engineers of 4015
mircea_popescu: and it's not harder than any other. if all we have are shitty engineers, are htey not worthy or less worthy of pay ?