365000+ entries in 0.502s
mircea_popescu: herbijudlestoids why do you need a bank to interface your etrade account ?
mircea_popescu: how do you think i'll be able to coerce herbi here to do all that legwork for your blind "classes"
mircea_popescu: look at that, paschi di siena is on hte pinksheets now.
mircea_popescu: the note market is much more difficult than meets the eye.
mircea_popescu: sorta like you can either be male or female. have to pick one.
mircea_popescu: so in practice you want to either give all choice or no choice.
mircea_popescu: herbijudlestoids maybe. the problem here is this : the more choice you give people, the more fuckwited they are and the more scams you enable.
mircea_popescu: decimation folks love to think this, story of my life.
mircea_popescu: course at least for psychological reasons it's prolly better to have the storage and the banking business separated.
mircea_popescu: unlike the children spending their lunchbreak on bitcointalk, irl people actually have to like... you know, pay the rent and shit
mircea_popescu: Vexual 500 dollars a year to bank there and no further fees.
mircea_popescu: they'd rather not eat all that much treebark if at all possible.
mircea_popescu: anyway, the actual reason would be, of course, that the last thing any one government wants is me at the helm of a huge fiat bank.
mircea_popescu: is that the people supposed to finance lbos are either poor or stupid.
mircea_popescu: in the current situation, the only reason i conceivably could not lbo a bank with 100trn in "assets"
mircea_popescu: and on the strength of having grown from 10mn to 1bn in ayear, i can literally afford anything.
mircea_popescu: that you can tell the government of X irrelevant country to either adapt its enforcement to what you do or else prepare for eating treebark
mircea_popescu: haha yea i saw that. ppl were like... headshake and backing up
mircea_popescu: maybe this year i cut a deal with a large bank. or maybe i buy one. or maybe next year. or who knows
mircea_popescu: there's all the various scammers trying to peel the eager youth public
mircea_popescu: in general, a large number of fluffers are trying to scam various particular venues. there's all the dorks pretending like they have projects for the benefit of the clueless va market.
mircea_popescu: "Here's the latest Max Keiser in which he and Stacey Herbert to a good job of explaining what I have in mind. " this sort of thing will instakill any project, for instance.
mircea_popescu: lot of hype, no actual subtance that i so far noticed.
mircea_popescu: herbijudlestoids have heard, yea. sort-of ripple/ot/etc
mircea_popescu: you think the cypriots had it bad... watch till it happens in the us.
mircea_popescu: this is just damage control anyway. most of the deposits belong to companies, which a) are legally required to keep their funds in a bank and b) are not insured anyway.
mircea_popescu: flay a libertard alive today. he's earned it. then salt the wounds and make his mother watch.
mircea_popescu: the once glorious wester civilisation has to restart at fucking 1600 ?!
mircea_popescu: fucktards with their "let's make the world fair" as if it weren't managed to bomb us all the fucking way to the stone age.
mircea_popescu: "Someone should start a bank (or maybe someone has) that charges (rather than pays) interest and does not make loans. "
mircea_popescu: even if it had infinite money, which it clearly does not.
mircea_popescu: i'd be surprised if it can currently hire any ONE of the top five crackers in any field.
mircea_popescu: the us may hire as many Fargo policewomen as it can pay.
mircea_popescu: smart people are few and far between. things they can do are the grass o nthe fields. monstrous socialist regimes have this problem compounded by the fact that they're only popular with idiots.
mircea_popescu: what particular sector ? it's the same all through. how many db experts are there ?
mircea_popescu: so then what do you think, the problem eases as you go up ?
mircea_popescu: you work in hosting, right ? how many competent sysadmins are there, that you can actually motivate to do the job ?
mircea_popescu: besides, the nsa is dead. the us is scrambling to create a new, actually secret replacement, while pretending nsa is still a thing.
mircea_popescu: and so... no. they don't have the resources to anytihng.
mircea_popescu: and the worst morale in the history of secret servicing.
mircea_popescu: it'd be like bitcoin relying not on chain but on people being nice to each other.
mircea_popescu: if you can't do that, you've got little business doing it in the first place.
mircea_popescu: the idea is to implement technically sound solutions. this means god himself can not de-anon your server.
mircea_popescu: 2. most jurisdictions couldn't give less of a shit about the us and its problems.
mircea_popescu: 1. nsa is nowhere near as competent as they'd like you believe
mircea_popescu: but yes. freedom = no barrier to entry = chaos. nttawwt.
mircea_popescu: herbijudlestoids you know that's the exact link i gave you earlier in the logs :D
mircea_popescu: they just take their chances. they survive by schooling.
mircea_popescu: you know, no ammount of salmon being eaten by bears makes the salmon wear fucking german ww1 helmets.
mircea_popescu: exactly these types of presumtpions. they're like some mutant cockroaches which have somehow adapted to live in the cracks of this presumption.
mircea_popescu: herbijudlestoids you know, this entire generation of twentyspomething fuckups strictly exists because we keep presuming.