363200+ entries in 0.081s
mircea_popescu: i mean to some very general degree this'd perhaps be true...
mircea_popescu: nubbins` do you think on average bigger cars are faster ?
mircea_popescu: i mean wtf, how did you end up pinning the world on the currency ?
mircea_popescu: maybe the one yearly boat taking apples from d to h sunk that year
mircea_popescu: maybe derpland has a bumper apple crop and herpfields a shortage.
mircea_popescu: nubbins` what's wrong with just saying "herpcoins has increased ppp and derpd's has decreased ppp ?"
mircea_popescu: prices aren't a reference point for inflation tho, this is like saying she's a good lay cause she's a redhead.
mircea_popescu: this does not mean there's been inflation in the currency
mircea_popescu: if tomorrow i invent a new way to make cakes, and cake prices drop 95%
mircea_popescu: i've looked into it since mostly to try and understand wtf is with these people
mircea_popescu: believe it or not, my sum total interest for metals (precious and industrial) pre 2010 was pretty much nil.
mircea_popescu: in short, the medium of exchange function of the currency is a minor.
mircea_popescu: as long as you redeem them for btc... they're as good as anything
mircea_popescu: why do you think the fiat role as a medium of exchange needs fixing ?
mircea_popescu: think about for a minute : i could hijack your bank's printing press just by moving my coins around ? sweet moses on a stick, this is like USD 2.0
mircea_popescu: antephialtic which is kind-of why i believe it fundamentally can not be measured.
mircea_popescu: if they run or if they fight, they're doing it together.
mircea_popescu: asciilifeform you know what happens to quarreling dogs once they see a wolf ?
mircea_popescu: antephialtic the problem, as BingoBoingo pointed out to you, is that in your model the greatest economic activity will occur whenever a major holder moves cold wallets.
mircea_popescu: antephialtic if you expect to justify a theoretical model by the effect it has on data you are living in a state of sin.
mircea_popescu: asciilifeform the one advantage of all the idiots being on the field is that the smart people kinda tend to just stick into the same team.
mircea_popescu: someone should make a papp to bring cyrpt to the ipnohe.
mircea_popescu: i think this is memeworthy. the business insider cyrpt occurency.
mircea_popescu: someone was talking about my editor ? she's just said to me : "The price of Dogecoin, the world’s third most traded cyrptocurrency / did they seriously publish "cyrptocurrency"?"
mircea_popescu: dub "life is sweat and blood and making love to a woman you don't know and nobody prints your name in trilema until the day you die"
mircea_popescu: dub i bet you 90% of the ppl who read it because it's about doge never heard of dump and dillute.
mircea_popescu: asciilifeform this is somewhat like asking for a showgirl that's read the classics.
mircea_popescu: antephialtic how do you reason to come to this conclusion ?
mircea_popescu: so do the same thing, write a lot of smart insightful stuff, once you have a ton of readers add a subscription, wait for the cheapskates to butthurt away and that's that.
mircea_popescu: but anyway, if memory serves that thing started as a blog and became subscription based after building a base
mircea_popescu: <KRS-> Now her butt is going to smell like that countertop. << i'd be more worried about the reverse tbh
mircea_popescu: Μούσα, τραγούδα το θυμό του ξακουστού Αχιλέα,τον έρμο! etc
mircea_popescu: did you just stick with braindamaged blogspot and then whine that nobody seems to have noticed ?
mircea_popescu: and the fact that this will continue happening i nthe future, arbitrarily, is like... splendeed.
mircea_popescu: fuck you granpa, so you've worked for thirty years to make the us work ? here's some inflation. enjoy your fixed income.
mircea_popescu: this happens, of course, tol ALSO be exactly how "normal" fiat currencies like the dollar operate.
mircea_popescu: pankkake it's fascinating how they completely gloss over the part where one group (the scammers behind it) stole the resources of the rest of the people involved (every idiot that bought some, mined some, or pumped it up until two days ago)
☟︎ mircea_popescu: " That's a lot to pay for a single Bitcoin for someone just entering the market. "
mircea_popescu: you take two professional joggers and dress them up in facebook polo shirts.
mircea_popescu: Duffer1 "how to spend money you don't have to pay people nobody reads to say ridiculously stupid shit which is how they got to not be read in the first place" ?