366500+ entries in 0.104s
mircea_popescu: herbijudlestoids let's examine the following avenue : maddoff's "investments" collapsed like so much termite eaten furniture.
mircea_popescu: the fact that andressen horovitz is not in the wot today dooms it.
mircea_popescu: should have started earlier, but there was still space.
mircea_popescu: if back in april wanna-be investors had actually invested, the us still had a chance.
mircea_popescu: there's options you have, and then there's options you actually can take.
mircea_popescu: now, people do have options. it's just they won't take them.
mircea_popescu: herbijudlestoids the article was discussing investors, you know ?
mircea_popescu: well, i dun know what you think, obviously. im merely noticing that what you say comes from this one point of view.
mircea_popescu: technically it is still possible, but in retrospect it'
mircea_popescu: you're trapped in this mental representation wherein stuff can only happen with permission. this is not how things happen. your choice is whether you're on the boat when it sails or not.
mircea_popescu: “The Bitcoin ecosystem of companies and investors has to engage to allay real concerns and avoid being pigeonholed by policy makers,” Klein said.
mircea_popescu: "This is possibly the last chance to take those piles of fundamentally worthless US dollars and use them for something with any sort of future value."
mircea_popescu: etition at this level. If things don’t get fixed soon the only thing that we’ll be able to say for sure about Bitcoin regulation will be that it won’t be written in English, and it won’t consider US interests or sensibilities."
mircea_popescu: "Nobody will care that the original paper may have been written by an American and the original discussion on the long forgotten original Bitcoin forum was carried in English. I can deal just as well with Russian investors, I can deal just as well with Chinese investors, Bitcoin is completely neutral from a cultural perspective. This neutrality means that cultures will have to compete. So far the US is losing this comp
mircea_popescu: “If that same company can be started in the U.K. or Germany, maybe that innovation just gets pushed offshore,” Liew said.
mircea_popescu: i guess with the extra "watch us fail" boost 10k may even be possible
mircea_popescu: bitcoin was taken to $10 by lulz, to $100 by lulz and drama and to $1000 by lulz, drama and mining.
mircea_popescu: it's funny tho, making exactly the wrong moves. you couldn't pay them to be this conveniently stupid.
mircea_popescu: “If the choice for regulators is to permit money laundering on the one hand, or to permit innovation on the other, we are always going to choose squelching the money laundering first,” Lawsky said at the hearing.
☟︎ mircea_popescu: the mark of the true junkie : he keeps a stable of dealers, rather than the other way around
mircea_popescu: be so kind not to modify my statements by your discussions with third parties eh :D
mircea_popescu: doesn't mean it's bad. just means it's much better at other things.
mircea_popescu: herbijudlestoids i merely said that out of the various functions, that happens to be the one it does worst.
mircea_popescu: much like... no 1800s woman on her knees polishing the floors is much represented in the modern vacuum cleanner.
mircea_popescu: but btc will dictate how these look and how they work and how they feel and even what retail is.
mircea_popescu: you're going to have stuff built on top of btc to handle the subsidiary and marginal task of retail.
mircea_popescu: has electricity replaced female labour in the house or hasn't it ?
mircea_popescu: i have no idea. there's like 7k or so full nodes iirc.
mircea_popescu: who else did you not know was gay ? elton john ? boy george ?
mircea_popescu: herbijudlestoids ironically, the medium of exchange function is the thing at which bitcoin sucks worst.
mircea_popescu: and you'll be well advised to take note that for all his childish posturing a) yarvin capitulated and tried to make his own bitcoin
mircea_popescu: you gotta appreciate this position is in no way novel to me, you know.
mircea_popescu: in any dispute of currency the more fungible wins, period.
mircea_popescu: (in that no court can order the de-fungibilisation of bitcoin)
mircea_popescu: other than the statistical reason (ie, bitcoin is the strong currency because of its history) there are actually legions of other reasons. bitcoin is fungible, unlike any other fiat
mircea_popescu: it's a better model than the "marginal saver", in that it relies less on statistical artificery.
mircea_popescu: i guess. and obama is increasing the minimum wage, and more qe, and more bailouts, and so on and so forth.
mircea_popescu: (much like the actual peasants of zimbabwe, what do they know of finance)
mircea_popescu: no business in the history of business did anything like this
mircea_popescu: compared to anything else man made, bitcoin is adamantine.
mircea_popescu: merely the preference to save strong currencies and to spend weak ones ensures the price differential.
mircea_popescu: this is like the intuition of everyone, but it's perfectly false. bitcoin works fine irrespective of what anyone does.
mircea_popescu: fact is so far it did so work. what the future brings... the future knows.
mircea_popescu: im not trying to convince you. i merely made the previous points.