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mircea_popescu: not to mention you idiots - as there's no better name - still don't use torrens.
mircea_popescu: i had not previously realised the us is on such a weak footing, tbh. i mean i had a general notion, but i never cared enough to examine the real estate situation.
mircea_popescu: you're still being taxed 50k for the priviledge of existing, it just shows up less in the %s
mircea_popescu: mike_c no, it's really the baseline that's hidden from you because in california rents are what, 1300 minimum
mircea_popescu: Duffer1 exaggerate to hell property values, which make rents a smaller proportion but also exaggerated to all hell.
mircea_popescu: pankkake this was spurred by a guy's data re central ohio. meanwhile i had intel check it out
mircea_popescu: but i mean... 4.5x ? come on. it's real estate not nuclear physics.
mircea_popescu: so today i learned that while in romania you pay 350 euros a month to rent a property worth 70k, in the us you miostly pay 700 dollars a month to rent a property worth 30k
mircea_popescu: basically "btc is not a transactional currency" is a fancy way of saying "the usd is shit, so everyone'd rather spend that"
mircea_popescu: bad money driving the good into the storwe of value function
mircea_popescu: and in general these "professors" and "experts" would do a lot better reading more and talking less.
mircea_popescu: bitcoin is and was a store of value. this is trilema 2012,
mircea_popescu: "transactional currency" is a meaningless string created to give the appearance of depth to a nonsense piece of posturing.
mircea_popescu: someone should save all this retardedness so we can mock "mainstream" media later on.
mircea_popescu: notice how kids play about being cavalry officers on their wooden horse cca 1800
mircea_popescu: nah, there's no multi billion dollar steam company already in business
mircea_popescu: like you know, a regular thing! creativity! revolution!
mircea_popescu: and before you know it there's going to be a bloweing start-up in virginia, which is going to maybe one day have airplane flights among cities!
mircea_popescu: one of these days some us kid is going to pay attention in school, and thus hear about this "flying with machines heavier than air" new idea
mircea_popescu: s pretend there doesn;t exist a $1bn+ player around and our 5mn start-up could matter"
mircea_popescu: i have no idea who "owen gunden" is and even less of an idea why he thinks he's in a position to play the expert in this space.
mircea_popescu: or did they just accidentally prove they publish crap ?
mircea_popescu: so is the verge going to be paying its staff on bitcoin,
mircea_popescu: than actually anything as meaningfully nefarious as the post implies.
mircea_popescu: tho in fairness, it's more likely redditard overreacting and entry level dub speaking out of the three ring binder
mircea_popescu: started is one thing. btc went up what, 50x this year.
mircea_popescu: and what makes you confident you can efficiently deploy capital ? in what limits ?
mircea_popescu: so how do you gain confidence in your equity evaluation ?
mircea_popescu: except units, ie, independently leased parts of a property.
mircea_popescu: well, i dunno how serious you are about trying to list.
mircea_popescu: the20year2 so re your listing idea, do you have your reports posted anywhere ? what's the cashflow like ? etc.
mircea_popescu: yeah but updating the faq is a pain cause i had to go and get it translated ;/
mircea_popescu: the20year2 everything worthwhile will cost money eventually.
mircea_popescu: btc-e doing their part to help the usd have real world value ?
mircea_popescu: <Duffer1> chat is just as useless, just less spammy << lol