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mircea_popescu: ThickAsThieves i tell you, if #bitcoin-assets trollcoin made on a lark ends up disloging doge, you will have SO MUCH angry wanna-be financial darklord butthurt on your hands
mircea_popescu: there's been some formalisation of this principle going on so far, too.
mircea_popescu: i keep telling these doods altcoins are useful, and they only don't throw things at me because i'm fucking scary.
mircea_popescu: and nobody can understand why anyone thought seinfeld was a big deal in 1995
mircea_popescu: sorta the same thing at work, in the world which it made, which is entirely populated by its clones and copies, it seems... oddly banal.
mircea_popescu: this is a well documented phenomenon in movies/entertainment, where a show that pioneers a lot of new devices that are then amply copied, when seen by later generations seems "stale" and "uninteresting"
mircea_popescu: and perhaps had that not been called then, it'd be just as difficult to call today as it was then, and then you'd know about it,
mircea_popescu: Apocalyptic perhaps the reason it is an easy call today is that today happens in an universe which was shaped by the uneasy calling yesterday.
mircea_popescu: "Unbelievable as it may sound, the US economy today is a shadow of what it was in the '70s."
mircea_popescu: Apocalyptic if you've ever seen V for vendetta, there's that scene with "i've already killed you"
mircea_popescu: ThickAsThieves actually, strangest thing : they do! if it has my seal of approval on it, they'll do it even if it makes no sense.
mircea_popescu: ThickAsThieves somehow i suspect it's not getting accepted :p
mircea_popescu: Apocalyptic it's not necessarily true. if you won't live in a world without cunt, and right this second i turn all women's crotch into angels' how long would it be before you realise i did it ?
mircea_popescu: pankkake it could be "altcoin difficulty will be a power of 4 by bitcoin block X"
mircea_popescu: they have a set of worlds they'll live in, and a set of worlds they won't.
mircea_popescu: Duffer1 people generally do not wish to live in any possible world.
mircea_popescu: pankkake make a bitbet bet as to how many 4s you get ?
mircea_popescu: did i see 1024 altscamcoin difficulty earlier ? that means you missed no quadrupling yet ?!
mircea_popescu: those with good reason for good reason, those without good reason for d-k reasons.
mircea_popescu: this is true of gold, too, at least up to about 2005 or so. however... it did take > 2k years with gold.
mircea_popescu: anyway. it's not clear atm that an improvement on bitcoin is in principle possible.
mircea_popescu: i suspect the reason is people tend to spend more time looking at other bits, and so lack practice.
mircea_popescu: possibly, tho i find female facials easier to read than males.
mircea_popescu: and tbh i kinda feel for him. sadly tho, they also can't be helped, because... as tat points out, "The problem here is that you have no mechanism with which to do so, and that because language is not employed for the purpose you imagine it employed."
mircea_popescu: so i can understand why a 50 something guy with a bunch of gold bars and no functioning linux distro is fucking pissed at bitcoin.
mircea_popescu: imagine if after having pampered jesus for 30 years, the entire thing was suddenly taken over by baby allah.
mircea_popescu: to have, within their lifetime, their cookie stolen by a newcomer...
mircea_popescu: well in their defense, they just rooted for the correct principle their whole life, fighting valliantly for their sanity as an oppressed minority.
mircea_popescu: nevertheless, it's still just as much dicking about with shit we know.
mircea_popescu: you never know which exact word combo is some guy's aha moment.
mircea_popescu: he does get a lot of mileage in wordcount out of restating the banal, but he does so in a pleasant form and this is a good thing,
mircea_popescu: this strengthening the chief pillar of all hermeneutics.
mircea_popescu: or in other words, the reasons all the "experts" in old-fiat crap give for bitcoin's failure
mircea_popescu: more importantly tho... there's no rational way to represent property in yet-unmined blocks. this is so obvious it escapes notice
mircea_popescu: bitcoin is immune to human agency, which means you can't pass a law to hinder it's fungibility.
mircea_popescu: so the driving force isn't bitcoin's immunity to the legal tender law,
mircea_popescu: whereas you have a positive incentive to mine bitcoin.
mircea_popescu: in short : a land deed on a gold field is as good as gold itself. you have a negative incentive to actually mine it.
mircea_popescu: it's,,, just as gold, and just as burried, where it stands.
mircea_popescu: just put up a sign, National Bank of Romania Gold Vault, Rosia Montana Division on that mountain and be don with it.
mircea_popescu: why bother with all the digging, all the cyanide ponds, all that, just to get gold out fo the ground, move it 500 miles south west and then... dig a hole, put it there and guard it ?
mircea_popescu: my objection, and i'm confident the thing that sunk the project (not for it being mine, but for it being sound) is simply this :
mircea_popescu: they;ve been trying to push this deal for the entire decade, hiring pr, doing tv shows, paying the idiots living there fiddy bux a head to go "omfg we're dying of hunger", the works.
mircea_popescu: about ten years ago a mining group formed to cut out one certain mountain, convert it to gold (and silver, palladium, tungsten, etc etc) and pay the government 20%
mircea_popescu: the austrians mined it, transylvania still sits on a pile of untold millions of ounces.
mircea_popescu: what i mean by this is : romania sits on a mountain of gold. it was the main source of minable gold for the roman empire, when they finally conquered dacia the local king's treasury financed 100 days of straight games with plenty left over.
mircea_popescu: the reason they didn't is that gold has a negative mining return.
mircea_popescu: anyway, the arguments he makes are mostly sound and generally banal, it just so happens they didnt work out for gold.
mircea_popescu: well this article does a lot to explain his psychological drive in being so bitcoin-butthurt
mircea_popescu: it always pisses me off, because the kid is clearly bright and yet clearly wilfully stupid. anyway.
mircea_popescu: decimation now you're making me read more of that stuff.
mircea_popescu: decimation even without going into all of that : bitcoin has massive advantages over fiats. chief among which its fungibility.
mircea_popescu: good god, anyone sane filming that'd have had her half hour nude and the rest in latex.
mircea_popescu: aeon flux had an incredibly disappointing charlize theron in it
mircea_popescu: this seems kind-of obvious, i thought teh people making them were creative and like... taboo-less