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mircea_popescu: but you're misstating it. if most of the world is china, then most of the world is going to be china
mircea_popescu: i can't discuss the impossible tho, because anything can be logically derived from nonsense.
mircea_popescu: so in your terms "if you think it is or you think it isn't, so what ?"
mircea_popescu: i am saying that a) it cannot happen and b) this irrespective of what you know or don't know.
mircea_popescu: in exactly the same way, it's not your job to "verify" that the miners don't 51%
mircea_popescu: remember how i told tg2 to stfu yest, because it's not HIS job to tell the exchanges how to exchange ? it's not.
mircea_popescu: i want this, because a mine is a physical thing, it needs proxying.
mircea_popescu: if i own 1petahash worth of mining gear, and we have a deal that you claim to own 1petahash worth of mining, we can work it so no third party can ever discover this.
mircea_popescu: the connection between mining and identity is aribtrary. purely.
mircea_popescu: the pretenders get to pretend like they matter, which ios really all they're interested in
mircea_popescu: this works to everyone's benefit : the actual miners get to conceal their mining, which they want to do
mircea_popescu: where people pay a slight premium to be allowed to pretend they mine by the actual miners.
mircea_popescu: you may not know this, but there's a major miner bezzle market going
mircea_popescu: or not really accident, more like the interplay of will and understanding, as limited by reality - i demonstrated this once in here using asciilifeform as my victim)
mircea_popescu: (this incidentally is one major point proponents of alternative coins don't realise. one of the most important permanence factors in a coin is just how well distributed the coinbase is. this is not something later coins will readilyt achieve, bitcoin achieved by accident
mircea_popescu: ThickAsThieves that type of concern is vastly alleviated by the btc cap. we've already mined more than half the total.
mircea_popescu: BingoBoingo they never were anything but blatant about it, weren't they ?
mircea_popescu: i personally possibly not. it's just not one of my strenghts.
mircea_popescu: ThickAsThieves i said government had, a couple months after they had started, a few months ago.
mircea_popescu: and we have the equivalent "exchanges", icbit, bitfinex etc
mircea_popescu: BingoBoingo for completitude's sake, the blatant set really should be cryptostocks / picostocks / bitcoinbourse
mircea_popescu: then silver went to shit, but that's ok, cause he was really invested in... whatever went up.
mircea_popescu: same with goat. he was in here explaining how great future silver has,
mircea_popescu: re-making the claim costs about as much as it cost originally.
mircea_popescu: the actuality of the failure of the purported investment does nothing to alleviate the causes of the pretense, and so the pretense is simply rehashed.
mircea_popescu: this is the typical way imagined fortunes work, and it belies their virtuality. the guy wasn't actually invested, but merely pretended to be invested.
mircea_popescu: but the rich guy somehow hadn't lost anything, and immediately bought just as much of Y thing.
mircea_popescu: that one was pretty much the same thing, guy claiming he's rich and he has bought X miners, then that thing went scam
mircea_popescu: if anyone is old enough to remember the picostocks / 100blabla scam ? the one that briefly took on buzzdave after his basicminer scamstint, before the girl drove him out ?
mircea_popescu: if not, you can join the line. it started back in 2012, when he was going to prove he had a mining farm.
mircea_popescu: just like all the rest of goat's stuff. if you're the sort of person that believes things some guy claims, it was real.
mircea_popescu: suppose you add large-ish suction cups as part of the bottoms of the casts
mircea_popescu: by comparison, niggers were popular in the southern us pre and post civil war.
mircea_popescu: anyway, medieval/renaissance italian literature hates the cateogry like no other.
mircea_popescu: i'm personally only quoting the italians, as all old women i know are actually pretty great
mircea_popescu: o right, cause the kumala thing existed all along huh ?
mircea_popescu: my own counting scheme is 1. glbse ; 2. btctc, bitfunder, havelock ; 3. bitcoinbourse etc
mircea_popescu: "Democracy (in the terminology and reality of socialists) seems to be the path of long lines of people waiting, clutching a government issued piece of paper, entitling them to a ration of food, water, health care, gasoline...and of course...toilet paper, not confiscated already for government officials delicate bottoms."
mircea_popescu: "we have the lowest inequality in the region [everyone is poor now]"
mircea_popescu: the difference between the two democracies aptly described by the differences between the two berlins, on either side of the wall.
mircea_popescu: anyway, nice bit, it signals the switch of the us from reagan-esque "promoter of democracy" in the world to obama-esque "promoter of democracy" in the world.
mircea_popescu: cazalla im not so sure there exist any tattoo on any twentysomething that could be explained by a 50 something
mircea_popescu: moar like bitpay steps in to rescue coinbase which steps in to rescue kraken which steps in to rescue neobee which steps in to rescue i forget what
mircea_popescu: very totalitarian system. soon enouhg ALL THERE IS is X topic.
mircea_popescu: bounce i'd say it's uncontroversial that they did a lot of very good work. the problem with the propapress -> wikipedia -> reddit machine oif nonthink is that it flattens alternatives