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mircea_popescu: and the tier 3 guy goes "you know... you reall don't need to escrow mp
mircea_popescu: then one day mp wants to pay a girl in boondock, nj to wash his car with her tits
mircea_popescu: he knows of the wot, and keeps deals with some other people so he can buy/sell btc for his friends at home
mircea_popescu: they all know this guy down the street, and trust him cause he's cool
mircea_popescu: but look : ten people in boondocks, new jersey somewhere who heard of bitcoin are tier 1
mircea_popescu: these are necessarily limited in time and exceptional.
mircea_popescu: the nation model only emerges in situations where "the right thing" is plainly obvious
mircea_popescu: the problem we have now is with the nationalist state of napoleon (and the us which is really just a pale copy) having successfully attacked this natural wot
mircea_popescu: nah, a model where 90% of the population trusts 10% in chunks of ~10 individuals, and then in turn and hten in turn
mircea_popescu: basically, <KRS-> has it : people actually want to be told
mircea_popescu: make everything out of web, make everything out of blockchains, make everything out of etc.
mircea_popescu: next time you visit it's all like "yo dawg! i hear yu like marzipan so now I made everything out of marzipan!
mircea_popescu: just like some insane dood at your favourite eatery, where you once had some marzipan and like it.
mircea_popescu: and that's what the fucktarded altchainers have been doing to the internet, try to make everything out of web
mircea_popescu: asciilifeform actually postel's is great for the web. it's just that the web is NOT great for "anything"
mircea_popescu: iirc jurov was trying some experiments with giving anon users root on the box or something
mircea_popescu: well it'd better not be enough of a whore to do anything any user tells it.
mircea_popescu: what should your server do with requests it doesn't comprehend ? a. drop them b. anything else.
mircea_popescu: if you think about it, that's the stable game-theoretic solution.
mircea_popescu: nor can they understand WHY is it that you won't let them.
mircea_popescu: which is why normals can't make exchanges, or ipos, or etc.
mircea_popescu: "The problem inflationary currency bestows upon capital allocators is insolvable. They are given money of no certain value (pretty much the only sure thing about the paper currency is that it is, literally, burning in your hands, it ticks away like a bomb, it blows in the wind like dust - all this while you’re holding it) and have to do something with it. They always, always, always, absolutely always have more than
mircea_popescu: that implies that the exchange value of a negotiable instrument is only known after the negotiation completes.
mircea_popescu: (this, incidentally, is largely what soros vs bank of england was all about)
mircea_popescu: and if you could, i could write a bot to exploit your currency and make me rich
mircea_popescu: the us dollar is a negotiable credit instrument, like any paper. it does not have this "fixed" value you wish toassign it.
mircea_popescu: the reason pure mercantilist views are derided by ws today is sound tho.
mircea_popescu: how do you sort out what the word "it" means, ignoring outside inflations ?
mircea_popescu: "Those assets that he had, they were in fact somehow valued. On one approach to valuation, they came out X. On another approach to valuation, they came out Y. There’s little convergence between the series of Xs and Ys."
mircea_popescu: ThickAsThieves there are in fact vastly different ways to ACCOUNT.
mircea_popescu: chetty actually, banks came up with clown&baloon patterns for the back of cheques, i wonder how long till your actual bank statment is in pictures
mircea_popescu: dude, you just yell "on your knees" and everyone is on their knees.
mircea_popescu: like, doing something useful. which explaining stuff to idiots rarely is.
mircea_popescu: by the time you explain the situation to them you could have made more money than their aggregate savings by just... working.
mircea_popescu: with ppl as they are, even picking a fucking place to eat takes tw odays.
mircea_popescu: that's why family is best organised as slaves in a harem
mircea_popescu: people understand all too well they do not wish to understand this if they wish to continue whatever it is they're doing.
mircea_popescu: notwithstanding the only time i heard someone in this channel wanting some sort of info from the usg
mircea_popescu: ThickAsThieves what they mean is "notes are used to either send to consumers which sell us burned/destroyed paper money, or else to banks or other institutions that have the authority to remove paper from circulation"
mircea_popescu: sucks to drive for a few hours but what if you're stuck there for 2 weeks
mircea_popescu: kakobrekla think about it tho. here everything's fine, snow is melting. you can see the ground.
mircea_popescu: take girl out, remove bra, put snow on her, obtain water from the titties.
mircea_popescu: in short : why should it be surprising that socially and sexually unattached young males wish to travel ? of course they would, if they're healthy.