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mircea_popescu: (ask all these other dudes who live in western countries, the entire girl thing makes 0 sense to them, for isntance)
mircea_popescu: which is the fucking point here. we gotta know you in order for anything you say to make any sense
mircea_popescu: yeah, it makes so much sense, because you told me you're from india and i knew how to construct it.
mircea_popescu: except nobody gives a shit what ugly girls think on any topic.
mircea_popescu: we don't want that, so, unless she's pretty, she's screwed. (otherwise, she's fucked).
mircea_popescu: so here's the scoop : if we don't kill the ugly ones, they will slowly multiply and take over.
mircea_popescu: okay. do you like girls generally or do you like pretty girls ?
mircea_popescu: the world isn't structured so as to make it possible for you to survive.
mircea_popescu: finance is a profession, not something happenstance like picking up a coin you found in the bus station.
mircea_popescu: as in read those two things, do what you're told, take the time to do it well.
mircea_popescu: ughlol well a constructive approach is always more indicated.
mircea_popescu: yes, but you're not trying to deal with the security world of india, are you ?
mircea_popescu: ughlol well ideally you want to be known. you're not currently known. how you resolve this problem is entirely up to you, but sure, wot helps a lot.
mircea_popescu: a self adjusting mechanism that turns maxint variation into [.5,1.5] ?
mircea_popescu: i know of no previous instance of a mechanism working so efficiently in all human technical history.
mircea_popescu: bitcoin has managed to maintain the time needed to get 2k blocks within one to three weeks in spite of infinite % growth of hash power.
mircea_popescu: Neil actually the best measure of bitcoin robustness per se, i would think, is the time - to - hash mechanism.
mircea_popescu: which i don't know because you just dropped here and started talking randomly.
mircea_popescu: by which point other major infrastructural points start suffering, ie, life in town will no longer be possible, but it is required for a certain post 1700 level of social an economic life.
mircea_popescu: that's at least two decades of unlimited economic collapse
mircea_popescu: they are surrounded by the night, and the likely result is they will revisit romania's folly
mircea_popescu: see the thing is : there are indeed some hard working us folk.
mircea_popescu: i dun see much future in the us, let alone any magic manifest destiny sort of future. then again, im not from there and ostensibly don't much care.
mircea_popescu: TomServo perhaps he's senile. or perhaps he has a point.
mircea_popescu: Neil beliefs and experiences aren't telling the whole story.
mircea_popescu: there's a three part bit on trilema about essences, which really i'll have to have translated, it's too important.
mircea_popescu: but this doesn't excuse me from having to pick them first.
mircea_popescu: sure, it works to a large degree, i can educate my slaves on a very similar process.
mircea_popescu: TomServo the guy is definitely more worthy of being read, on a ROP basis, than pretty much any economics professor. and he doesn't even charge.
mircea_popescu: just put them in a well designed educatron/gauntlet and let them be
mircea_popescu: Neil what people think is not controllable by their life experiences.
mircea_popescu: Neil well how would one know ? probably the best test would be, "how well does your school/parents/etc recognise itself in your beliefs", in which case they're pretty much mine.
mircea_popescu: a point often underscored by buffet re owning a fraction of the hope diamond rather than a whole lump of coal.
mircea_popescu: in general, ventures made and wholly operated by people who are unable to act economically (which means, collaboratively) are doomed.
mircea_popescu: which is why random fuckwit discovering bitcoin is all about how "I WILL MAKE MY OWN EXCAHGE" rather than "i wonder where i could add my incremental effort"
mircea_popescu: moreover, the sort of mistake they made, we're not immune from.
mircea_popescu: while it's easy to laugh at these particular retards, such as the parents of every romanian girl i ever fucked, this is a bit like picking fun at the special olympic people.
mircea_popescu: this is a story of idiocy and unbridled enthusiasm, and of how very stupid people fail to fall in step with economic structure.
mircea_popescu: "Mugur Isărescu, the president of the National Bank of Romania, estimated that it held a third of Romania's banknotes at one point."
mircea_popescu: so suddenly, a bunch of romanians without a clue were real estate and industrial capital owners.
mircea_popescu: if a company got 10mn coupons, each person got 0.0001% etc.
mircea_popescu: if a company got 10 coupons, every one guy got 10% of it.
mircea_popescu: then the yallocated ownershiop exactly the way the original MPOE shares were allocated :
mircea_popescu: all the companies the state owned allowed the subscription of thes coupons
mircea_popescu: so, 20 mn coupons were printed, and distributed to each individual.
mircea_popescu: on the other side of things, the govt decided to split up all the industry, and create a bunch of "shareholders".
mircea_popescu: new govt allowed everyone to "buy back" this at nominal prices. due to inflation the average 800 sq foot apt everyone had ended up costing less than a computer.
mircea_popescu: the way it worked was that as long as you maintained employment, you got free housing from the govt dept of housing.
mircea_popescu: this yielded two direct results : on one hand, everyone got his house.
mircea_popescu: meanwhile, the state out of some sort of revolutionary excess or idealistic confusion or whatever, decided it will allocate all its resources to the population. just like that.
mircea_popescu: the average romanian was too fucktarded to understand even the basics of how economy works. at all.
mircea_popescu: people need food and plumbing and fguckin shoes and everything.
mircea_popescu: could you easily make a living for yourself in such an environment ? surely.
mircea_popescu: imagine a town the size of akron, ohio, which has exactly one restaurant in it
mircea_popescu: i mean think about it, a country that suddenly needs everything. everything!
mircea_popescu: so this put them in this strange position whereby even if they wanted to, they couldn't do anything.
mircea_popescu: (which is a very lengthy discussion also found on my blog, but really not too interesting here, as to why)
mircea_popescu: because 50 years under a state directed economy destroys entrepreneurship, something romanians never were very good at anyway
mircea_popescu: but more importantly without any of the mental structures that'd allow them to work productively.
mircea_popescu: with about twenty million people who not only owned nothing at all (literally, a pair of jeans would get you unlimited bjs cca 1988)
mircea_popescu: but anyway, it's something like this : romania emergend in 1989 incredibly poor,
mircea_popescu: anyway, there's a good chance you misrepresent what "doing for oneself" means in this context.