341500+ entries in 0.069s
mircea_popescu: but anyway : the hissing of the serpent is easily ignored, until the point you cross its boundary.
mircea_popescu: just a bunch of sterile 37 yo women running around in circles, wailing.
mircea_popescu: for all the appearance and pretense of stolid solidity.
mircea_popescu: it's difficult to overstate just how fragile the entire morloch actually is.
mircea_popescu: meanwhile, five people don't settle and the entire system collapses in flames.
mircea_popescu: specifically : people who are already defeated take into consideration nonsense such as "oh but the feds have a 9x% conviction rate" as a ready-made excuse to settle.
mircea_popescu: asciilifeform that's fine and dandy, but the best way for their pretense to remain standing is for tem to vehehery carefully steer out of the way of their masters.
mircea_popescu: stock is a portion of the business, so i get a brick out of the building that is represented by the stock
mircea_popescu: asciilifeform this is true. but, again, with pb i can hit you over the head.
mircea_popescu: ThickAsThieves you could claim that for a long time, actually.
mircea_popescu: either it's not taxable throughout, except for realisation
mircea_popescu: asciilifeform again : i can hit you over the head with the cement.
mircea_popescu: it's just that they can believe in one hand and piss in the other, see which gets warm first.
mircea_popescu: in neither case a representation is made as to transfer of title, which makes blizzard's ip assertions irrelevant.
mircea_popescu: people trading btc idem exchange possession without title.
mircea_popescu: people trading wow gold exchange possession without title.
mircea_popescu: diametric people selling btc are equally "technically" stealing it.
mircea_popescu: and actually... wow gold to usd exchanges are older and a lot more stable than btc to usd exchanges.
mircea_popescu: they're both sold on the grounds of possesion, without title.
mircea_popescu: diametric well, bitcoin is not sold for usd any more legitimately.
mircea_popescu: now how the fuck can women tell who the violent males are ? he looks totally harmless to me.
mircea_popescu: the consensus in the harem seems to be that these chechen boyz (as typified by todashev) sure are pretty
mircea_popescu: some california producer that made butter out of its own milk was forced to stop selling it because it had an unfair advantage.
mircea_popescu: asciilifeform ThickAsThieves amusingly, there was recently a very similar case re milk.
mircea_popescu: moreover, the whole thing is begging the question. "how do you make money if you know how to make money already ?" "in the manner you know".
mircea_popescu: sort-of like saying "i have no need to use computers because i already know what 2+2 comes to"
mircea_popescu: sure, but that's an entire different story than what we're doing here.
mircea_popescu: misses the point that you'd have to construct that inefficiency first, which precludes the use economically.
mircea_popescu: so in general arguing "in this inefficient case the inefficiency could be used like so"
mircea_popescu: (ie, in a free market neither the gru nor the nazis could have existed)
mircea_popescu: asciilifeform no, they did not. see, it wasn't a free market, but at the other end of things
mircea_popescu: (trivially, your curiosity as to what's inside a watch isn't worth the pirce of a watch)
mircea_popescu: it's unlikely you'll be able to breach the former in order to benefit the latter
mircea_popescu: in general action (pull plug) is caught in a web of actions
mircea_popescu: no see, because you confuse information and action here.
mircea_popescu: but because bitcoin allows such fine payments, you're right, you can do this on a cup of coffee
mircea_popescu: course, i think they were talking of something else. inasmuch as there can be "something else" in the swamp.
mircea_popescu: novusordo that's not realisation. when you sell it, you report the income.
mircea_popescu: i dunno who'd live in a jurisdiction that takes any other tack to the problem, or why.
mircea_popescu: seems to me the only sane treatment of btc is as any other intangible, taxable only upon realisation.
mircea_popescu: asciilifeform the difference between cement and btc is that i can hit you over the head with the cement.
mircea_popescu: wao-ender this is going to take a year rather than a weekend.
mircea_popescu: asciilifeform could even have tournaments. who makes the most out of 100 btc or w/e