442300+ entries in 0.139s
mircea_popescu: truth is not something that is arrived at by consensus, nor is value.
mircea_popescu: hence the distinction between practical (how society treats them) and philosophical (what they are)
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: 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: 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: so basically, display the mean collateral per contract ?
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: Bugpowder im really very much interested in discussing this in depth, i think it's very important.
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: 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: Namjies no, we couldn't. having a kid is NOT a contract with the state.
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: 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: 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: but you know, just because something is impossible to do (large state) doesn't mean you should try anyway
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.
mircea_popescu: and then name one govt person who got into any sort of trouble for fucking up.
mircea_popescu: i mean, it works once a semester or something. but it can not be the whole curricula.
mircea_popescu: way, way overdone. college mostly consists of elderly people asking kids what they think. who the fuck cares what 20yos think ? they're dumb as rocks by the very definition.
mircea_popescu: we've taken things too far. much too far. sure, confidence is a good thing, kids were opressed 50 years ago etc. but by now it's way overdone.
mircea_popescu: kids that aren't beaten enough develop this very superficial "we know shit" conviction, and then the result is btctalk lending & usagi financial expertise.
mircea_popescu: this stupidcunt thinks she may have political opinions ? aged 20 ?
mircea_popescu: ng sector and the repeal of Glass-Steagall (the financial regulation act that would have prevented the financial crisis), this country has gone down the drain.
mircea_popescu: “I'm a young and involved activist about to start my double major in environmental studies and politics, and I'm very, very angry about what is going on in this country. I blame this country's problems on the exploitations of corporations and a blind worship of the "free market" and "self-regulating capitalism" (Tell me, how does that work again? Oh yeah, it doesn’t morons). Following the deregulation of the banki
mircea_popescu: the principles informing decisions are more important than the exact incorporation form.
mircea_popescu: but this point is amply debatable because in fact large projects require large agents and at that size the diff between govt and corporation is mostly academic
mircea_popescu: Namjies im pretty sure if given the same revenue (80% gas accise + car tax + etc) the public sector would be doing a much better job with roads
mircea_popescu: as in, music doesn't suck today, it's just i have divergent tastes to the world.
mircea_popescu: Namjies if the money they spent came from their work it'd at least be defensible.
mircea_popescu: and i guess now i'm the go to rightest-wing guy in btc huh.
mircea_popescu: bonafide yes, because the foodstamp fed multitudes have discretionary spending.
mircea_popescu: Namjies that problem is purely theoretical these days.
mircea_popescu: if taxes were a reasonable 0.08% i guarantee you jessica simpson would be back to waitressing.
mircea_popescu: sure, let's tax 50% of society and give it out to the worst least worthy recipients
mircea_popescu: pigeons bonafide only because of the current state sponsored moral hazard