337900+ entries in 0.095s
mircea_popescu: two weeks ago he claimed no funds were lost in gox. today he claims funds were lost in gox.
mircea_popescu: i mean stupid is one thing. hard to hide, already well known, no big deal. but a liar is a different story.
mircea_popescu: wait. hadn't danny claimed that they had lost nothing on mtgox
mircea_popescu: next time when you're out to do "what's best for your fambly" go ask for donations. ceos do what's best for their shareholders.
mircea_popescu: hardly teh point. i dunno why all these scammor dudes imagine that's an argument. yes dude, if we wanted to feed your fambly we'd have just donated you the btc.
mircea_popescu: obviously "what's best for his fambly" is trying to make a split anyway.
mircea_popescu: just about at the conceptual level of the average bitcointard.
mircea_popescu: it's very simple : "if you people were nice i'd have paid for this out of pocket but because you were mean i am not so neeneer"
mircea_popescu: Guest15829 classical scammer talk. "the scam would have been fine if it weren't for the evil interlopers fud"
mircea_popescu: o look at that, scott adams trying to kaching on things that are happening but he can't be bothered to understand
mircea_popescu: i think they only have medals perpared for the surprisingly-arrested
mircea_popescu: bounce so they propose. like you know, the plowing fly proposes its exertions drive the ox.
mircea_popescu: this and other imbalances make it so that the usg can not actually afford to compete in this particular market.
mircea_popescu: i buy at a discount, often significant. they buy at a premium, always significant.
mircea_popescu: the quietly glossed over point being, of course, that a dollar of usg spending does not buy it a dollar of rl value.
mircea_popescu: which brings in an interesting side point : recently the us propaganda press ran a story comparing military spending, showing the us as the sum of europe and other states.
mircea_popescu: bounce it can not possibly afford to pay people that can outcompete us in teaching.
mircea_popescu: it does get complicated real quick just as soon as one tries to take the theoretical model to the actual market
mircea_popescu: it's part of my evil strategy of preventing the usg from ever mattering in this space.
mircea_popescu: we're dumping the shit out of high-end btc education in this chan, for instance.
mircea_popescu: in fact, mcdonalss DOES sell for free in most of the us, it does more business as a proxy for usg welfare than anything else.
mircea_popescu: wywialm it is not dumping the whole sector. even if mcdonald sold for free i wouldn't patronise them. i stll eat at good restaurants.
mircea_popescu: european style towns where commercial and residential zones are not separated are rare in the us
mircea_popescu: this is why the us sucks, basically. it, not having ancient microstructure in place, turned into a sprawl hellhole
mircea_popescu: phase 1 lasts 3-5 years, and is actually evaluated as part of the financing of a new development.
mircea_popescu: they take advantage of the captive market they created, afterwards.
mircea_popescu: it's how supermarkets work, fundamentally, all across the world. they drive out small shops in phase 1, with low prices
mircea_popescu: not necessarily strong enough for it to happen too often, or even at all. but factually, it does exist.
mircea_popescu: there does in fact exist *an* economical reason for things to play out that way.
mircea_popescu: yes, but as a model, this is the economical reason you were asking for earlier.
mircea_popescu: and moreover, the entire point of the economy is to close the zero-infinity price window as soon as possible.
mircea_popescu: one is that a competition on operational efficiency has been transformed in a simple financial competition of "who can support dumping longer"
mircea_popescu: this will drive new competitors in the market, of crouse, but the system has two major problems :
mircea_popescu: as a de facto monopoly, Y can now charge infinity for X.
mircea_popescu: however, if dumping is allowed, then company Y could sell product X for 0. inasmuch as none of its competitors have more money in the bank, they would necessarily go out of business.
mircea_popescu: whoever manages to produce x as defined cheapest wins most of the market.
mircea_popescu: admitting for the sake of argument that competition happens on measurable parameters of defined products, all businesses will normally compete on operational efficiency
mircea_popescu: wywialm let me formalise it for the sake of public discussion.
mircea_popescu: (for the exotically curious : parliament passed a law, guy went on tv to say the law fucking sucks, president called in to say well why didn't you tell me! let's iron it out!". it was a sight, the whole thing. )
mircea_popescu: this is pretty much how the guilds ran things, back when european economy actually worked. it's how romania runs emergency medicine, thge guy's name is raed arafat.
mircea_popescu: bounce the only way i see this to be approachable is the medieval method (still used in romania for emergency medicine say) : you hire a boss. he does whatever he wants.
mircea_popescu: public transportation is perhaps the best way to drive that entire argument.
mircea_popescu: omfg, this is beyond cute. the derps on tardstalk actually tried to like... fud s.mpoe ?!
mircea_popescu: this would be the first time reddit scammed teh btc public then ?
mircea_popescu: which is teh deep reason the western world slid into socialism past century or so.
mircea_popescu: anyway, as technology frees more and more time, people can't resist the temptation to try and feel it with a delusion that they actually matter.
mircea_popescu: this entire "oh but we know better" bs is simply mindboggling.
mircea_popescu: the state has absolutely no business in economy at all.
mircea_popescu: wywialm i know you aren't, but stating it for teh record.
mircea_popescu: and for that matter they are well aware of this, hence the entire "conquer education by federal grant" programme past 20 years
mircea_popescu: merely the presence of "government contracts" in the us renders entire sectors state controlled/planned
mircea_popescu: we don't buy that in court, so why would we buy it otherwise.
mircea_popescu: like if you keep a girl tied to a post in your basement and only rape her when she's not... willing, i guess you'd call it ?
mircea_popescu: wywialm arguably. just like rape always and rape sometimes are ostensibly a difference in principle and not only in quantity.
mircea_popescu: btw, someone with a forum account drop a line to salty / the artist
mircea_popescu: ;;everify freenode:#bitcoin-otc:55114a79cafe0a548c8c138fea790f6468e25914906b2aa5e2198e6e
mircea_popescu: wywialm i fail to distinguish socialism and keynesianism myself.