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mjr_: but i'm also good at actual things...gotta be something under the bullshit
mjr_: hey, i am pretty good at bullshitting
mjr_: since you can't disprove those statement
mjr_: say "it can be shown", "an argument can be made for"
mjr_: first rule of academia, don't say definites
mjr_: hence the fluff, the qualifiers, the hedging
mjr_: i don't think they have a firm idea of what they "mean" usually
mjr_: lol...you give people too much credit
mjr_: tack on a couple of "i believe" 's
mjr_: lol, its easy and fun
mjr_: after all, what is "it" really that we are even discussing
mjr_: while it may be tempting to view things in that light, i can't stress enough the importance of keeping in mind the following
mjr_: i was just using placeholder words
mjr_: well, what i think everyone should remember, at the end of the day, is that even though it may be beyond the scope of this discussion, and i'm just being honest here...
mjr_: yeah...it sure can be
mjr_: that bitches about bad trades
mjr_: jborkl: that gives me the best idea ever
mjr_: no matter what, there is no way to guarantee that there isn't another copy
mjr_: the key issue, is that the "seat" is just a private key...as we know with bitcoins, how do you sell a private key?
mjr_: if you're young at heart
mjr_: i believe einstein said that
mjr_: mircea_popescu: its not just that he's smart, he is smart enough to explain it to dumb people, thats the hard part
mjr_: which he may have made clear enough for some above average americans to understand
mjr_: anyways, this all started because erik's talk on the attribute-based theory of money
mjr_: mircea_popescu: while i think mpoe-pr is very smart, i don't know if most would see that, while she brilliantly can eviscerate others ideas, rarely does she posit her own, and as a PR person, its not really her job to do so, but rather to point at others who have done
mjr_: while amir just kinda looked his usual way, though maybe better than last time i suppose
mjr_: because i said that jon matonis, trace meyer, or erik would have destroyed that ed guy
mjr_: LOL, it came up specifically due to amir taaki's interview
mjr_: thats two tech guys, two business/finance guys
mjr_: and it was only my opinion as one guy who has observed, but yeah, gavin probably gets one of the spots, mike hearn too
mjr_: i haven't actually come up with the other 3 yet, but they obviously exist
mjr_: mircea_popescu: i just said that erik voorhees, and you are in my opinion in the top 5 smartest people in the bitcoin space
mjr_: that does count for some mjr points
mjr_: just the people who are very impressive to one internet nobody
mjr_: so, its not some definitive metric
mjr_: and haven't listened to enough to make my own judgement, though it is just my opinion we are talking about
mjr_: but i don't really know you very well
mjr_: well, you seem smart
mjr_: of which i only named 2
mjr_: but yes, mircea_popescu is in the top 5
mjr_: i actually think the dumbest people in the bitcoin space have to be a little smarter than the average american when it comes to economics
mjr_: because the currency if not actually standing in place for something else that you want, is really worth nothing
mjr_: because like midas, it becomes worthless to have all of something
mjr_: anyways, this is why hoarding will never work as a long term strategy
mjr_: but whether he lives or dies, the gold touch was a curse not a blessing
mjr_: its a myth, it has a ton of different endings i'm sure
mjr_: lol, never having food again?
mjr_: how much money would it take for you to be ok with never having sex again?
mjr_: if someone could channel and use the tons of homeless people we have towards a purpose they could become very rich
mjr_: i don't think i will get the return i'm looking for
mjr_: so, i think that charitability is not incompatible with self interest
mjr_: but there is a rate we agree upon where we will consider it to be rat turd free
mjr_: its not without risk, the same way that breakfast cereal is not without rat turds
mjr_: which is a specific term
mjr_: but we have a "risk free rate"
mjr_: which is the generally accepted best class of investment closest to risk free
mjr_: yes, but there is such a thing as a risk free rate
mjr_: and who knows what the risk free rate is in bitcoin land anyway
mjr_: that doesn't take into account compounding
mjr_: slightly better yield than namworlds
mjr_: the main point that i took away was that the pie is not fixed in size, none of the things we have now were found in a forest, we built them, man creates wealth, not finds it
mjr_: so a homeless guy is not only an affront to my sense of decency and aesthetics, its also robbing me of what he could have produced
mjr_: and due to the network effect, we all gain more than just the sum of our production
mjr_: so if we establish that others are necessary, and no man is an island, it stands to reason that the best society is the one with the most productive members
mjr_: and produce things that you will want
mjr_: point is, unless you feel like by yourself producing everything you will ever want, its a good idea for other people to have money
mjr_: yes, trans fat in new york city is another example
mjr_: you can't buy liquor in a dry county in america
mjr_: you can have millions of dollars in the bank, if you have no cash and walk into a cash only restaurant, you're broke
mjr_: your money can't get you an alcoholic beverage
mjr_: have you ever been to a dry county in america?
mjr_: which are typically created by other people
mjr_: money is not important in and of itself, its the things that money can get you
mjr_: lol, you starve to death alone and unloved, but shit tons of gold
mjr_: the tale of king midas was a cautionary tale, too many forget that
mjr_: so...in order for them to get the dollars that others wanted to give them, they have to HAVE others with dollars
mjr_: so they are as rich as they have done things that benefitted peple
mjr_: every dollar they have, if obtained legally, came from someone else who willingly parted with it in exchange for some service or good
mjr_: how do the rich get rich
mjr_: think of it this way
mjr_: but all the robber barons donated a LOT to charity
mjr_: they seem to have done ok for themselves
mjr_: would someone say they were not capitalist? were they retarded?