392700+ entries in 0.131s
mircea_popescu: The NSA data center in Bluffdale could require as many as 1.7 million gallons of water per day to operate and keep computers cool.
mircea_popescu: well smg would have been a little confusing for people. s.mg is not the publisher of eve.
mircea_popescu: "It’s no matter if a student comes to the conclusion that 3 x 4 = 11. So long as they can explain how they made this erroneous determination they go home with an ‘A’."
mircea_popescu: however, the book you're thinking about wasn;'t written by him,
mircea_popescu: broke up with his wife cause she wouldn't pawn her jools, it's well known.
mircea_popescu: yes dude, i know. made a fortune on the dip, lost most of it,
mircea_popescu: how hard would it be for scammers to scam, in thsi context ?
mircea_popescu: this is one of those guys who walks the right side, and all the info is published.
mircea_popescu: ok. now tell me again about how poor people are doing research and coming out ahead by investing.
mircea_popescu: have i supported it because bug did ? not really, but i certainly REVIEWED it because he mentuioned it.
mircea_popescu: have they supported it because i have ? perhaps, maybe, to some degree. as a shortcut, cause they know i can think.
mircea_popescu: so did bugpowder, so did most of the vets in thuis channel.
mircea_popescu: no revenue, no business model, no history of the operator, nothing.
mircea_popescu: because if you take that away, there's literally nothing.
mircea_popescu: the only reason they're going in is because they perceive others are.
mircea_popescu: gecko_x8 but they aren't NOT following the crowd. they ARE following the crowd.
mircea_popescu: gecko_x8 we are discussing statistics. there's no room for anecdote in there.
mircea_popescu: poor people are conditioned to follow the crowd. and the crowd is usually a crowd of sheep, being more or less methodically exploited.
mircea_popescu: you get people come here all the time going "hey guyse, you're all buying X scam right" ?
mircea_popescu: i am saying that the expectation for something OUTSIDE to extract them from their predicament is 1. baseless and 2. a security hole in their software.
mircea_popescu: but the idea that somehow btc is friendlier than fiat is ridiculous on its face.
mircea_popescu: btc is perverse enough to let that appear to work, at least for a little bit.
mircea_popescu: well, you're right, it's not lottery. it's btc. the problem is you try to interract with it on the lottery model.
mircea_popescu: look at people who caught a windfall through sports. are they rich ?
mircea_popescu: for my own curiosity, review rthe results of fiat world lottery winners.
mircea_popescu: look, we're in different trades. you do literature, i do finance.
mircea_popescu: it has nothing to do with btc, and there's never going to be an outside solution to this.
mircea_popescu: poor people don't realise capital gains. it's a fact of life.
mircea_popescu: it was the same in 1600s low countries, and in 1100s serene republic.
☟︎ mircea_popescu: gecko_x8 poor people don't normally make money out of their money.
mircea_popescu: this doesn't mean your survival expectation isn't about 14 months. it is, just, average meth head doesn't have the wits to see that far out into the future.
mircea_popescu: if you start cooking meth you will probably think you are doing ok "So far"
mircea_popescu: yes, but the PT ops may find themselves in the situation of chaang-noi.
mircea_popescu: but it being a tough call puts them leaps above all the other shits, where it's no tough call at all.
mircea_popescu: on the other hand they have paid a lot of BTC in dividends, they do have a viable business model which is operational and so on.
mircea_popescu: the one beef with am is they wouldn't make a proper contract, instead letting a bunch of people make PTs on basically their own. this is very severable tyo the benefit of AM, which sinks the deal for me.
mircea_popescu: there's no practical way to summarize months of discussion in this format.
mircea_popescu: nothing wrong with owning btc and plenty people here who aren't idiots.
mircea_popescu: that;'s what makes anything powerfdul : lotsa people doing their own thinking
mircea_popescu: i'm not suggesting anything. you gotta do your own thinking
mircea_popescu: so I made a little thing to test this theory. remarkably, it provoked no fake "muslim unrest".
mircea_popescu: rather than as a result of them taking out contracts on their own people from the higher bidder.
mircea_popescu: anyweay, the backstory on the barbecuran thing : at the time the notoriously dishonest us propaganda machine was pretending that their benghazi personnel died as a result of some dude publishing youtube videos
mircea_popescu: also, why the fuck are they linking some stupid spamsite.
mircea_popescu: "Why do you care, he's got good opinions. It's stupid of him to think that he had anything to do with stopping the bubble, but let him be. His blog is pretty fun 2 read."
mircea_popescu: he was all sangvine about it but i've never heard of him anymore