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mircea_popescu: that doesn't take money, that takes the will to do so.
mircea_popescu: the only way to do it is if you take the urban poor, beat them and starve them.
mircea_popescu: ThickAsThieves education can not be improved with money.
mircea_popescu: they implement govt policy, handle the herd, get some trimmings.
mircea_popescu: asciilifeform the us employers are forced into being a sort of government subsidiary.
mircea_popescu: asciilifeform hmm... i think i wrote an article about altman recently
mircea_popescu: asciilifeform they only test them at the workplace cause that's the food dispenser.
mircea_popescu: be it roman empire slaves or contemporary us social media crowds,
mircea_popescu: here's the thing : there's always going to be a class of people who need to be told how to live.
mircea_popescu: it's catch-22. allowing idiots to use drugs is certainly going to lead to this business-enforced drug policy. because it's cheaper to pay crackheads and who the fuck cares they die in five years, all the better.
mircea_popescu: asciilifeform dunno about that theory rly. burning man is all about showing off how poor and happy you are
mircea_popescu: jurov was this your conference thing you were going to ?
mircea_popescu: while one Silicon Valley lawyer wrote in the California legal publication The Recorder that PayPal was an ideal money laundering mechanism for "drug dealers and domestic terrorists,"
mircea_popescu: i'll save you the 4bn lookups : mpex.co. 474 IN A 174.127.72.233
mircea_popescu: <jborkl> BFL sends a demo unit to Wired did wired say anything yet ?
mircea_popescu: it will be difficulty to argue that miners are extra incentivised thus
mircea_popescu: <ThickAsThieves> what if you donate the destroyed coins as TX fees into blockchain << this may work
mircea_popescu: i know it'd piss me off if i had to check all incoming mpex funds for this tho
mircea_popescu: bitcoin isn't universally compatible with this sendfback thing tho
mircea_popescu: One potential problem with the scheme is that innocent receivers of bonded bitcoins would suffer if the shitcoins attached to said bitcoins are invoked at a later time. The obvious countermeasure is for would-be receivers of a particular bitcoin to check (using automated means, of course) whether an unexpired Shitcoin bond is attached to these coins at the particular time they are about to receive them.
mircea_popescu: "to collectively specify the least-significant digits of the total amount" ahahaha ok mpex lives!
mircea_popescu: seongyupyoo that is a big problem. i imagined you'd only allow people risk btc, and so your service couldn't be used for 1st time btc buyers
mircea_popescu: asciilifeform i confess not knowing wtf shitcoin is or how it works.
mircea_popescu: so something worth doing with your time if you're in a research mood. if you're in bread earner mood dunno.
mircea_popescu: anyway, the wrap-up for me seongyupyoo : it's certainly an interesting concept. it brings however very deep philosophical questions to the fore. impossible to know if it'll acrtually be a productive business at this point
mircea_popescu: seongyupyoo why you say people woudln't use this for 100 btc ?
mircea_popescu: you're just a humourless protestant that's why you think so :D
mircea_popescu: but i think it's fully argued, i don't see anything more for it than what;s been said.
mircea_popescu: like, putting peiople in jail. this is jailed money as it were.
mircea_popescu: asciilifeform but this is the irrational part of reason : disposing of "bad".
mircea_popescu: not like there's a scammer anywhere going "o, you know what, let's just do 50% of scamming"
mircea_popescu: that's not a problem. scammers are already 100% driven to scam 100% what they can
mircea_popescu: (because now they both have the original results they wanted)
mircea_popescu: i never thought we'd have the problem of what to do with moneyz
mircea_popescu: or that, yeah, maybe. bitbet is doing something similar for bad bets.
mircea_popescu: still,think : in the volume approach, i can wash trade myself into the 99% position.
mircea_popescu: even if it is still very bad i think (because bitcoin destruction is bad imo)
mircea_popescu: the volume one is very bad but slightly less bad than the active logins