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mircea_popescu: actually, excellent food here is incredibly cheap
mircea_popescu: like 4 to the euro.
mircea_popescu: simple game of who gets this euro ? the "needy" or the working ?
mircea_popescu: so she got to keep it.
mircea_popescu: which he didn't want! he wanted money!
mircea_popescu: so i gave the salesgirl 60 and told her to give the guy food worth of the change
mircea_popescu: there's very nice farmer markets here. i bought 56 lei worth of smoked cheeses and other nice stuff. there was a beggar there, when he saw my cashroll he got all excited.
mircea_popescu: midnightmagic here's an anecdote for you :
mircea_popescu: you gotta double your dime with at least a dime's worth of your intelligence.
mircea_popescu: taxes are bs, nickle to panhandler is bs, tithe in church is bs, these are failure modes.
mircea_popescu: and i help people all the time. the catch is that i never help people in systematic ways.
mircea_popescu: i agree.
mircea_popescu: they just need to be unproductive.
mircea_popescu: but in principle, the problem with society is this : no 100% solution will ever exist. so, in general, we need to understand and accept that some kids will get raped, some people will get shot etc. trying to make a system where these are impossible results in an unworkable system
mircea_popescu: and i agree.
mircea_popescu: Namjies not helping someone is not harming him.
mircea_popescu: why not just get a spot on an industrial zone like sane people
mircea_popescu: midnightmagic well if female children are screaming bloody murder...
mircea_popescu: Namjies i don't propose that. i am just pointing out the inconsistency involved.
mircea_popescu: society is here mostly to amuse.
mircea_popescu: i mean, "society" was in consensus earth is the center of the universe. lalala, big deal.
mircea_popescu: well... so ?
mircea_popescu: and so what society does has no bearing on the thinking side of things.
mircea_popescu: Namjies i do not propose society not be based on consensus. i just say we need to understand thinking is an anterior, more important thing than society.
mircea_popescu: consensus is in general the best tool to identify when you're about to get fucked.
mircea_popescu: the romans were in agreement that they kick ass, just as odoacer marched in.
mircea_popescu: which is just a little more circularity.
mircea_popescu: midnightmagic no. the social representation of reality is consensus
mircea_popescu: as a concept.
mircea_popescu: and yes, consensus is society, which is what makes it dirty.
mircea_popescu: nope, reality is not either.
mircea_popescu: truth is not something that is arrived at by consensus, nor is value.
mircea_popescu: consensus is a pretty socialist thing.
mircea_popescu: hence the distinction between practical (how society treats them) and philosophical (what they are)
mircea_popescu: not to the thing.
mircea_popescu: but how you treat something speaks to you
mircea_popescu: either it's whole or else it's not.
mircea_popescu: even so what ? you can't have half a whole apple.
mircea_popescu: midnightmagic we're discussing the philosophy of it rather than the practice.
mircea_popescu: i was using it in the social participation sense. citizen.
mircea_popescu: they're not. so, either kids can do what they please or else they're slaves. no synthetic middle of the road so we can argue both ways
mircea_popescu: Namjies me either, but the fact remains once you strip humans of some rights you can't pretend they're still humans.
mircea_popescu: this is a point.
mircea_popescu: do you think not so ?
mircea_popescu: Bugpowder an important point here is that i would imagine actual margins being blown to be rare.
mircea_popescu: Namjies yes, if you don't recognise them some rights then they're slaves.
mircea_popescu: o just 80
mircea_popescu: ;;calc 2.9**3 * 33
mircea_popescu: it's 9x innit ?
mircea_popescu: Bugpowder why autoloss ?
mircea_popescu: take that away you get negative pop growth
mircea_popescu: and the entire history of positive pop growth over millenia was exactly it : manufacturing slaves.
mircea_popescu: if they can't legally have a beer, then don't tell me they're people.
mircea_popescu: if they are, then they can fuck and have a beer
mircea_popescu: Namjies kids aren't people yet.
mircea_popescu: ya i was gonna say, that's risky.
mircea_popescu: so basically, display the mean collateral per contract ?
mircea_popescu: not yours and not the state's.
mircea_popescu: it comes with it being THEIR kid
mircea_popescu: sure.
mircea_popescu: their kid, their problem.
mircea_popescu: Namjies who says they can;t ?
mircea_popescu: no need for 4
mircea_popescu: but then we could just have a single 3 month contract that resets
mircea_popescu: suppose diff is above margin then. all positions = wiped.
mircea_popescu: the risk of collapse.
mircea_popescu: Bugpowder im really very much interested in discussing this in depth, i think it's very important.
mircea_popescu: as in, quarter closes, all positions get wiped.
mircea_popescu: Bugpowder risk discovery would b easyer, but the risk of sudden collapse would be notable.
mircea_popescu: having a kid is a sovereign right above and beyond any convention, much like breathing.
mircea_popescu: Namjies as in, having a kid can not be considered a promise to anything nor an agreement to anything.
mircea_popescu: that'd make it more fair ? maybe ?
mircea_popescu: i mean i guess alternatively i could just shave the collateral each quarter, and return it.
mircea_popescu: that aside, i agree the system is imperfect for these reasons, but i see no alternatives.
mircea_popescu: Bugpowder not other than by watching the market.
mircea_popescu: Namjies no, we couldn't. having a kid is NOT a contract with the state.
mircea_popescu: sure, but rather rare.
mircea_popescu: an inability to make a kid act exactly the way you want is in general clear proof you're an idiot.
mircea_popescu: all children are born cowards.
mircea_popescu: Namjies how they actually act or how they should act ?
mircea_popescu: Bugpowder yes, practically. as far as mpex is concerned at most he gets no collateral back, at best he gets all collateral back.
mircea_popescu: Well parents can't decide for their children how to << whart ?! why not ?
mircea_popescu: i think we're talking at crosspurposes. yiou mean for future asset buyer or creator.seller ?
mircea_popescu: um
mircea_popescu: nothing.
mircea_popescu: everyone gets 10% of contracts liquidated.
mircea_popescu: say the low margin gets blown
mircea_popescu: say there's 90 contracts at margin high, and 10 at margin low
mircea_popescu: Bugpowder they don't. in case of margins overrun the contracts are awarded proportionally.
mircea_popescu: Namjies i would agree, but every deserving kid. it's important.
mircea_popescu: the reserve requirements will be reduced for new contracts, but old contracts will be unchanged
mircea_popescu: i don't mind the experience, really, but it's unconscionable to pretend like it didn't happen.
mircea_popescu: well, here's it from my pov : we dicked around for 100 years trying to make this welfare state work. it failed, pack it up.
mircea_popescu: indeed.
mircea_popescu: it means you SHOULDNT TRY
mircea_popescu: but you know, just because something is impossible to do (large state) doesn't mean you should try anyway
mircea_popescu: right-o.
mircea_popescu: otherwise...
mircea_popescu: this works great if we're a village of 100 people and most of them love the one guy in charge
mircea_popescu: in all times and places government is this "we'll do our best, expect nothing in return" proposition.