372600+ entries in 0.229s
mircea_popescu: the only way people could be moved off
the good policy
to
the shitty one was
the garglwe of "rights" and shit
mircea_popescu: asciilifeform you know feudalism is safer for
the slaves
than even socialism. certainly
than capitalism.
mircea_popescu: gotta protect
the bitcoin. both in
this angle and in
the angle kako was discussing yest.
mircea_popescu: but anyway, in proper (ie, macroeconomic)
terms,
this consideration is
the reason, ie
the absolute driver, of why society will reorganise into feudalism.
☟︎ mircea_popescu: it will happen like
the collapse of
the us happened : once everyone agrees it's not possibru.
mircea_popescu: it just reproduces
the same generational conflict
that's present in society ever since forever.
mircea_popescu: by definition. as
they aren't owners,
the only
thing
they can be is looters.
mircea_popescu: asciilifeform what's your definition of "schelling point" ? doesn't have
to be immutable, does it?
mircea_popescu: nevertheless,
the fact
they're dumb doesn't mean
the bait ain't
there.
mircea_popescu: which is why all
the vc bullshit
that keeps missing bitcoin by a mile
mircea_popescu: the usgtards like
to act as if
that future point is here, because
they're
too enamoured of
the swamp
they inhabit.
mircea_popescu: in
that <mircea_popescu> at some certain future point it becomes more lucrative for
the owner of mining gear
to "start a new bitcoin"
than
to continue adding
to
this chain.
mircea_popescu: at some certain future point it becomes more lucrative for
the owner of mining gear
to "start a new bitcoin"
than
to continue adding
to
this chain.
mircea_popescu: what happens
to bitcoin should reward halving run into an impossibility
to finance further mining ?
pete_dushenski: asciilifeform: aha. also because you've
the capital necessary
to buy in bulk, so you do.
mircea_popescu: what happens
to gold when no more mining is possible ? (as you know, gold is finite in
the universe)
mircea_popescu: with bitcoin,
the responsibility for keeping everyone's gold secure rests not with
the owners, but with
the.... miners!
mircea_popescu: consequently, depending on your efficiency, you'll be spending a coin every X interval off
the hoard.
mircea_popescu: asciilifeform consider
the situation : with gold,
the responsibility for keeping gold secure indivisibly rests with its owner. either you build a vault and pay guards, or else you don't own it.
pete_dushenski: given
that ebay has its own reputation system, you can, over
time, get
to 'know a guy'
punkman: and
the guy must work in DEA-licensed lab
punkman: random derps can't get
tests unless
they know a guy
punkman: "EcstasyData.org collects lab
testing results from a variety of organizations, but primarily commissions its own
tests conducted by Drug Detection Lab (DDL) in Sacramento. All samples submitted
to EcstasyData are done so by mail and we have no physical, on-site analysis presence. We are also interested in helping other groups publish and manage
their
testing data."
punkman: afaik
there is only one place
that
takes anonymous drug samples via mail, and it's run by Erowid and some nonprofits
assbot: Logged on 26-11-2015 14:15:09; mircea_popescu: PeterL you could prolly make a killing doing analysis for
teh "darknet" pillheads.
assbot: Logged on 26-11-2015 15:00:55; mircea_popescu: (bitcoin unintelligently
transformed its already minor cost into a disasters of commons situation, due
to
the fact
that satoshi had about as much financial experience as a holywood star. but anyway.)
mircea_popescu: most of
these investors can not legally keep money in local bank accounts.
punkman: does german bank charge
the guy
to keep 106 cents in his account?
mircea_popescu: (bitcoin unintelligently
transformed its already minor cost into a disasters of commons situation, due
to
the fact
that satoshi had about as much financial experience as a holywood star. but anyway.)
☟︎ mircea_popescu: unlike bitcoin, strong money of any other kind decays over
time
punkman: why does guy decide
to pay 106 cents for 105 cents a year later?
mircea_popescu: conversely, if for whatever reason (such as horrible insecurity everywhere else in europe, while romania's sterling cannons guarantee it'll be fine), you decide
to pay 106 cents for
the dollar, your yiedl will be
mircea_popescu: now, if you put in 75 cents
t obuy a dollar of
this, at
the end of
the year you will be paid either nothing or 105. which means
that your yield will have been (105-75)/75 ie just about 50%.
mircea_popescu: so,
the guy went
to place, ie sell, romanian bonds paying 5% for 75 cents
to
the dollar.
mircea_popescu: let's start with an example from
the 1800s, on
trilema : "Că d-l Grigorescu, șeful direcției contabilității din Ministerul de Finanțe, va pleca la Berlin, Viena și Frankfurt în scopul de-a plasa rentă 5 la sută română pe prețul de 75 suta ?"
PeterL: I'm off
to find breakfast
mircea_popescu: seeing how
the us is full of wanna-be callmakers and practically empty of actual workers doing
the actual work of callmaking.
mircea_popescu: it COULD be your job
to make him support materials
to make
the call,
tho
mircea_popescu: as yhou're not
the boss it is not your job
to make
that call.
PeterL: my initial
thought is we want
to stay far away from derpy reditards, but I could be wrong
mircea_popescu: make him a nice file, explain it all,
takes you maybe 3-4 hours of your
time will make him want
to promote you.
mircea_popescu: can evaluate if he wants
to be in it or not on his own.
PeterL: I basically report directly
to
the company president, it is a small company
mircea_popescu: it's a very low moat business. no idea how lucrative, but establishing a "stellar" reputation and pushing everyone else
takes months, on account of how dumbassly undependable
they all are.
mircea_popescu: PeterL anyway, dunno how close you are
to management / how
tolerant of redditards your strategy is, but - you could even be proactive about it. register on whatever social medias
they frequent as "the lab", do some
testing even on your own dime at first
to establish rep,
PeterL: perhaps average years experience would mean something, maybe minimum years experience, but
total years experience is useless
mircea_popescu: PeterL it's a necessary next step from
thinking combining people's votes yields a valuable result.
PeterL: well, wanting
to
test it and having
the ability
to
test it are
two separate
things
mircea_popescu: PeterL afaik anyone who's not a
tard
tests
the first batch from a new vendor.
PeterL: I don't know why people
think combining years of experience means anything
PeterL: I guess if
they are willing
to pay
to get
the stuff
through
the darknet,
they should be willing
to pay
to get it
tested
mircea_popescu: PeterL you could prolly make a killing doing analysis for
teh "darknet" pillheads.
☟︎ mircea_popescu: "Cuccias said
that Nest Cam uses 128-bit SSL encryption, Perfect Forward Secrecy and a 2048-bit RSA key
that is unique
to each camera. “This ensures
that videos are not accessible, even over open WiFi networks.
That said, customers can always see
the status of
their camera
through
the Nest app,” "