4500+ entries in 0.087s
mjr_: which is why they volunteered their money towards those efforts
mjr_: andrew carnegie, j pierpont morgan, john d rockefeller, they understood this
mjr_: but anyway, the point is that you want to build a society that is great, not a house that is great
mjr_: to me, the only place to live in the US
mjr_: lol, new york city is the best
mjr_: so, bums harrassing me for change is not my idea of a good time
mjr_: i want to live in a nice area, surrounded by others who live in a nice area, where i am safe from threat of theft and physical harm
mjr_: its the network effect
mjr_: location, location, location
mjr_: 3 most important rules of real estate...
mjr_: people need to see the broad view of value, understand that no one wants to live in a mansion in a ghetto
mjr_: so far, this has been the case
mjr_: if keeping people fed costs less than hiring a private army to protect your wealth it is rational to keep people fed
mjr_: its about rational self interest
mjr_: its not about having a heart
mjr_: they will try to take people with them
mjr_: and people rarely die quietly
mjr_: i derive value by not seeing that
mjr_: its my uncomfortability watching that
mjr_: but the issue is not their starving
mjr_: but after all, its the idea that will survive, though i have high hopes for bitcoin, it may not be the ultimate winner
mjr_: usagi: i will take a look at that
mjr_: i do not want to live in a society where people are allowed to starve to death on the streets
mjr_: i was worried about the social implications, i think everyone should have a guaranteed bare minimum quality of life
mjr_: but actually, i think it makes sense
mjr_: i had issues with "libertarianism" or whatever
mjr_: you probably would appreciate the rest of his posts too. his posts on "redistribution" are very good
mjr_: usagi: it was erik voorhee's talk at bitcoin 22013
mjr_: its almost impossible to dispute his points because his laying of the logical framework is concise and clear
mjr_: he uses cold logic and reason
mjr_: usagi: this is my point, he is reexamining what people take as already understood, showing it is not understood, and then enlightening, all while using a great vocabulary and grammar...he is explaining water to fish
mjr_: he typically says what he says in a calm collected way
mjr_: he makes things that are not taught in school seem fresh and relevant, and most importantly understandable to dumb americans
mjr_: if you read what he wrote about bitcoin as money, it was the perfect piece to explain bitcoin from a historical financial perspective
mjr_: mircea is also in that group
mjr_: in my humble opinion
mjr_: Erik is probably one of the top 5 smartest guys in bitcoin
mjr_: he started intersango
mjr_: erik voorhees, trace meyer or jon matonis would have stomped the other guys easily
mjr_: yeah i am reading on the forum, and these guys are right, they like watching amir kinda get crazy and ranty...
mjr_: or this a newer one?
mjr_: isn't that a super old video?
mjr_: did he talk about the charts and graphs and all the things?
mjr_: he was on crosstalk?
mjr_: coinbase actually was really cool about some bug they had
mjr_: fiat500: i know, mostly an amir taaki joke
mjr_: you guys, how can i get my app to have charts and graphs and all the things
mjr_: so how many of the
http's did the internet foundation hold back for themselves?
mjr_: Chris Larsen: Ripple is HTTP for money
mjr_: oh wait, i could have done thta with bitcoin except had more options on how to cash out
mjr_: if i want cash i can actually spend somewhere, i have to get cash in bitstamp and have them wire it to my bank account
mjr_: people make things way too complicated
mjr_: that is the point, where do i go to pick up my cash
mjr_: no ripple just moves it between centralized exchanges
mjr_: no actual money moves across ripple just iou's
mjr_: is all they are offering
mjr_: interesting accounting system really
mjr_: anything that a ripple trusted gateway can do, a bitcoin exchange can also do
mjr_: they have no magic compliance behind them
mjr_: "fully compliant trusted gateways"
mjr_: that is another point i dislike about ripple
mjr_: btc already does everything ripple does, and people haven't even implemented all the features it does have
mjr_: let me guess the pitch starts with "its like <successful internet company> but with bitcoins!"
mjr_: new bitcoin project, sounds amazing
mjr_: Looking for a web developer interested in a new project #bitcoin related. Get in touch big opportunities #webdeveloper
mjr_: so, bitcoin is plenty fast
mjr_: my favorite point that shows people how stupid ripple is, is that more than 75% (by my estimation) of transactions thus far have waited for 1 or less confirmations
mjr_: i think erik's talk on the moneyness of bitcoin is one of the best things written about it
mjr_: anyway, i think ripple is fundamentally flawed in that debt is not fungible
mjr_: TBH, I don't think that OpenCoin's hilariously bad presentation and ponzi is the real problem with ripple, i think that it is a fundamentally bad system
mjr_: so doesn't the whole thing kinda break down without everyone trusting?
mjr_: no debt can "ripple" through your account
mjr_: which is the only rational thing to do
mjr_: but what i am curious about is what happens when everyone in the system does this behaviour
mjr_: or coin IOU's i should say
mjr_: apparently, you can change the trust settings so it won't by default equate anyones coins with an exchanges coins