392700+ entries in 0.106s
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
mircea_popescu: what ever happened to the german guy that had his accts flagged and an inverstigation started ?
mircea_popescu: seems oddly adequate. the bfl/mtgox foundation should have luke on the board.
mircea_popescu: that happened a while back, anyway, probably right around the fork.
mircea_popescu: might as well be a bunch of ignorant kids, and therefore brave.
mircea_popescu: but adding all this together it still doesn't quite cut it.
mircea_popescu: there's something to be said for the excellent timing : less than a week after I bitchslapped him there's suddenly supoenas everywhere. let's dillute it.
mircea_popescu: there's some groundwork being laid out already what with gavin's incredibly shitty move
mircea_popescu: the theory may have some merit. make a bunch fo scams, have them pop in concert, then come in "for the good of the industry"
mircea_popescu: it's not the terrorists being felt up in airports, it's the citizenry.
mircea_popescu: i mean, it's clearly one single group, just a few people. they have nothing at all.
mircea_popescu: i have my doubts, but anyway, the cheek is incredible on the face.
mircea_popescu: anyway. this shit smells pretty bad, there are people who suspect it's just governmental skirmishing
mircea_popescu: before they used to run their icbit / btcjam / w/e unheard of scams in anonimity.
mircea_popescu: it's only recently that very cheeky scammors have begun to actually take the pretense to relevancy.
mircea_popescu: seeing how the us pays welfare to about 100 mn people each month, and seeing how the forum population is in the thousands we basically have an infinite supply of people who think they know better, and are too stupid to even suspect otherwise.
mircea_popescu: ESPECIALLY than anyone who isn't impressed with how smart, unique special and important they are
mircea_popescu: thestringpuller yes. there's this deeply entrenched mentality of stupid, in the us. it manifests as people spend 50 bux ior w/e for half a btc, and then proceed to know better than anyone
mircea_popescu: besides, how is that ever distinguished ? what draws the line between innocent and manipulative ? one's own preferences ?
mircea_popescu: gecko_x8 that's ok, not like trilema is going anywhere.
mircea_popescu: thestringpuller you familiar with the infinite hitpoints problem ?
mircea_popescu: what's with all the funny letters anyway ? ŕ wtf s that