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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.
mircea_popescu: which is why we don't want more "adoption". we want more actual penetration. get off your ass do something, cause it ain't gonna do itself.
mircea_popescu: Neil and now you're coming to the why things are structured this way.
mircea_popescu: also exact arrangements have never really been disclosed, so nobody actually knows.
mircea_popescu: BingoBoingo how come you're not actually trying to run a book then ? is it illegal where you live or something ?
mircea_popescu: if only you were there, o cyrano of bingoiac, to whisper in their ear at '80s raves and whatnot. all the professional cunt they could've ravished...
mircea_popescu: "great conflict between the Apollonian grace and Dionysian chaos is a root of great art", listen to that, you've made generations of middle aged jocks tear up.
mircea_popescu: "2 of my students wrote a Google Glass trojan that secretly takes photos and uploads them to a 3rd party. Oh, and got it into the Play store."
mircea_popescu: also it's dubious practice that you take the painstaking care to mention whatever bitcoiny site but somehow omit to point out on what venue you heard this entire thing about berkshire.
mircea_popescu: ;;later tell bitcoinpete the quote is good, but why does it come with a lower scrollbar ? it's unreadable this way.
mircea_popescu: strippers can earn a coupla k's per shift anywhere, wtf.
mircea_popescu: mdwu well that's about all that's been said on the topic.
mircea_popescu: going back to the forum link in question... it's reasonably published
mircea_popescu: somehow the entire show me your cock thing got shoehorn into a slightly different discusison
mircea_popescu: asciilifeform the usual purpose one obtains doing that lol.
mircea_popescu: i just made a comment re the bitbet addies, you can tally those up, they're published
mircea_popescu: tbh what i perceive is the matter here is that you live in an environment where poor black dudes stare you down as a daily routine, and i just said "da fuck is this, you stare THEM down mothefucker! they're poor, not you" which created a little disonance